<SEC-DOCUMENT>0001654954-17-006445.txt : 20170714
<SEC-HEADER>0001654954-17-006445.hdr.sgml : 20170714
<ACCEPTANCE-DATETIME>20170714170215
ACCESSION NUMBER:		0001654954-17-006445
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20170710
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170714
DATE AS OF CHANGE:		20170714

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AEMETIS, INC
		CENTRAL INDEX KEY:			0000738214
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				261407544
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36475
		FILM NUMBER:		17966015

	BUSINESS ADDRESS:	
		STREET 1:		20400 STEVENS CREEK BLVD
		STREET 2:		SUITE 700
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014
		BUSINESS PHONE:		408-517-3304

	MAIL ADDRESS:	
		STREET 1:		20400 STEVENS CREEK BLVD
		STREET 2:		SUITE 700
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AE BIOFUELS, INC.
		DATE OF NAME CHANGE:	20110714

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AE Biofuels, Inc.
		DATE OF NAME CHANGE:	20071212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MARWICH II LTD
		DATE OF NAME CHANGE:	19840123
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>amtx_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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FORM&#xA0;8-K</font></div>
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CURRENT REPORT</font></div>
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Pursuant to Section&#xA0;13 OR 15(d)&#xA0;of the Securities
Exchange Act of 1934</font></div>
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Date of Report (Date of earliest event
reported):&#xA0;</font><font style="font-weight: bold; color: #000000">July 10,
2017</font></font></div>
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Aemetis, Inc.</font></div>
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(Exact name of registrant as specified in its charter)</font></div>
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Nevada</font></div>
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000-51354</font></div>
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26-1407544</font></div>
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incorporation)</font></div>
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No.)</font></div>
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20400 Stevens Creek Blvd., Suite 700</font></div>
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Cupertino, CA 95014</font></div>
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<font style="color: #000000">Item 1.01</font> <font style="font-style: italic; color: #000000">Entry into a Material
Definitive Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
On July 10, 2017, Aemetis, Inc. (the &#x201C;Company&#x201D;) and its
wholly owned subsidiary Aemetis Advanced Products Keyes, Inc.
(&#x201C;AAPK&#x201D; and together with the Company, the
&#x201C;Guarantors&#x201D;) entered into a limited guaranty (the
&#x201C;Limited Guaranty&#x201D;) in favor of Third Eye Capital
Corporation (&#x201C;TECC&#x201D;), as administrative agent and
collateral agent for and on behalf of the noteholders to that
certain note purchase agreement, dated July 10, 2017 (the
&#x201C;Note Purchase Agreement&#x201D;), among Goodland Advanced
Fuels, Inc. (the &#x201C;Borrower&#x201D;), TECC and the noteholders
made a party thereto from time to time (the
&#x201C;Noteholders&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Pursuant to the Note Purchase Agreement, the Noteholders agreed,
subject to the terms and conditions of the Note Purchase Agreement
and relying on each of the representations and warranties set forth
therein, to make (i) a single term loan to the Borrower in an
aggregate amount of fifteen million dollars (the &#x201C;Term
Loan&#x201D;), with such indebtedness to be evidenced by secured
promissory notes issued to each Noteholder (each, a &#x201C;Term
Note&#x201D;) and (ii) revolving advances not to exceed ten million
dollars in the aggregate (the &#x201C;Revolving Loan&#x201D; and,
together with the Term Loan, the &#x201C;Loans&#x201D;), with such
indebtedness evidenced by secured promissory notes issued to each
Noteholder (each, a &#x201C;Revolving Note&#x201D;, and together with
the Term Notes, the &#x201C;Notes&#x201D;). The interest rate per
annum applicable to the Term Loan is equal to ten percent (10%).
The interest rate per annum applicable to the Revolving Loans is
twelve percent (12%). The maturity date of the Loans (the
&#x201C;Maturity Date&#x201D;) is July 10, 2019, provided that the
Maturity Date may be extended at the option of the Borrower for up
to two additional one-year periods upon prior written notice and
upon satisfaction of certain conditions and the payment of a
renewal fee for such extension. An initial advance under the
Revolving Loan shall be made in the amount of $2,250,000 as a
prepayment of interest on the Term Loan for the first eighteen
months of interest payments.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Borrower, the Company and AAPK also entered into separate
Intercompany Revolving Promissory Notes, dated July 10, 2017 (the
&#x201C;Intercompany Revolving Notes&#x201D;), pursuant to which the
Borrower may, from time to time, lend a portion of the proceeds of
the Revolving Loans incurred under the Note Purchase Agreement to a
Guarantor.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Additionally, on July 10, 2017 (the &#x201C;Option Agreement
Effective Date&#x201D;), the Company entered into an option
agreement (the &#x201C;Option Agreement&#x201D;) with the Borrower
and Michael L. Peterson, the sole shareholder of the Borrower (the
&#x201C;Shareholder&#x201D;), pursuant to which the Shareholder
granted to the Company an irrevocable option (the
&#x201C;Option&#x201D;) to purchase all, but not less than all, of
the capital stock of the Borrower (the &#x201C;Shares&#x201D;) owned
by the Shareholder for an aggregate purchase price equal to $0.01
per share (subject to appropriate adjustment for stock splits,
stock dividends, recapitalizations and the like, to the extent such
adjustments have been consented to by TECC). The Company has no
obligation to exercise the Option except as set forth in the Option
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In consideration for the direct and indirect benefits from the
transactions contemplated by the Note Purchase Agreement, the
Intercompany Revolving Notes and the Option Agreement, the
Guarantors agreed to enter into the Limited Guaranty. Pursuant to
the Limited Guaranty, the Guarantors guarantee the prompt payment
and performance of all unpaid principal of and interest on the
Loans and all other obligations and liabilities of the Borrower to
TECC or to any Noteholders in connection with the Note Purchase
Agreement (the &#x201C;Guaranteed Obligations&#x201D;); provided that
prior to the date on which the Option is exercised (the
&#x201C;Aemetis Option Exercise Date&#x201D;), the aggregate
obligations and liabilities of each Guarantor is limited to the sum
of (i) the aggregate amount advanced by the Borrower to such
Guarantor under and in accordance with the Intercompany Revolving
Notes and (ii) the obligation of the Guarantor pursuant to its
indemnity and expense obligations under the Limited Guaranty (the
&#x201C;Guaranty Limit&#x201D;) and provided further that on and
after the Aemetis Option Exercise Date, the Guaranty Limit shall no
longer apply and the Limited Guaranty shall be construed as
excluding the term Guaranty Limit.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
The obligations of the Guarantors pursuant to the Limited Guaranty
are secured by a first priority lien over all assets of the
Guarantors pursuant to separate general security agreements entered
into by each Guarantor (such general security agreement entered
into by the Company, the &#x201C;Company Security Agreement&#x201D;
and such general security agreement entered into by AAPK, the
&#x201C;AAPK Security Agreement&#x201D;). Prior to the Aemetis Option
Exercise Date, the secured obligations of the Guarantors are
limited to the Guaranteed Obligations and subject to the Guaranty
Limit.</font> <font style="color: #000000; background-color: #FFFFFF">Additionally, the
Company entered into a Pledge Agreement, dated July 10, 2017, with
TECC, pursuant to which the Company will pledge the Shares to TECC
upon exercise of the Option (such Pledge Agrement, the "Goodland
Pledge Agreement").<br></font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;<br></font></div>
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</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">On
July 10, 2017, the Company also entered into a Pledge Agreement
(the "AAFK Pledge Agreement") with TECC in conncection with the
Limited Waiver and Amendment No. 13 to the Note Purchase Agreement,
dated March 1, 2017, by and between Aemetis Advanced Fuels Keyes,
Inc., Aemetic Facility Keyes, Inc. the Company, TECC and the
Noteholders signatory thereto, pursuant to which the Company
pledged and granted a security interest in all of the shares of
stock of Aemetis Advanced Biorefinery Keyes, Inc. to
TECC.<br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; background-color: #FFFFFF">
The foregoing descriptions of the Limited Guaranty, the Note
Purchase Agreement, the Company Security Agreement, the AAPK
Security Agreement and the Pledge Agreement are qualified in their
entirety by reference to the Limited Guaranty, the Note Purchase
Agreement,</font> <font style="color: #000000; background-color: #FFFFFF">the Company Security
Agreement, the AAPK Security Agreement, the AAFK Pledge Agreement,
the Goodland Pledge Agreement and the Form of Intercompany
Revolving Note attached hereto as Exhibit 10.1, Exhibit 10.2,
Exhibit 10.3, Exhibit 10.4, Exhibit 10.5, Exhibit 10.6 and Exhibit
10.7, respectively, which are incorporated herein by
reference.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">Item 2.03</font> <font style="font-style: italic; color: #000000">Creation of a Direct Financial
Obligation.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The disclosure contained in Item 1.01 is incorporated herein by
reference.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">Item 9.01.</font> <font style="font-style: italic; color: #000000">Financial Statements and
Exhibits.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)
Exhibits.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="vertical-align: bottom; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
EXHIBIT&#xA0;NUMBER</font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 84%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
DESCRIPTION</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 84%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 15%;">
<div style="text-align: center; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: rgb(0, 20, 245);"><a href="amtx_ex101.htm"><font style="font-family: Times New Roman; font-size: 13px;">Exhibit
10.1</font></a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 84%;">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Limited
Guaranty, by and among Aemetis, Inc., Aemetis Advanced Products
Keyes, Inc. and Third Eye Capital Corporation, dated July 10,
2017.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 15%;">
<div style="text-align: center; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: rgb(0, 20, 245);"><a href="amtx_ex102.htm"><font style="font-family: Times New Roman; font-size: 13px;">Exhibit
10.2</font></a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 84%;">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Note
Purchase Agreement, by and among Goodland Advanced Fuels, Inc.,
Third Eye Capital Corporation and the noteholders made a party
thereto from time to time, dated July 10, 2017.</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 15%;">
<div style="text-align: center; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: rgb(0, 20, 245);"><a href="amtx_ex103.htm"><font style="font-family: Times New Roman; font-size: 13px;">Exhibit
10.3</font></a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 84%;">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">General
Security Agreement, by and between Aemetis, Inc., the other
grantors from time to time party thereto and Third Eye Capital
Corporation, dated July 10, 2017.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 15%;">
<div style="text-align: center; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: rgb(0, 20, 245);"><a href="amtx_ex104.htm"><font style="font-family: Times New Roman; font-size: 13px;">Exhibit
10.4</font></a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 84%;">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">General
Security Agreement by and between Aemetis Advanced Products Keyes,
Inc., the other grantors from time to time party thereto and Third
Eye Capital Corporation, dated July 10, 2017.</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 15%;">
<div style="text-align: center; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: rgb(0, 20, 245);"><a href="amtx_ex105.htm"><font style="font-family: Times New Roman; font-size: 13px;">Exhibit
10.5</font></a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 84%;">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Pledge
Agreement, by and between Aemetis, Inc. and Third Eye Capital
Corporation on behalf of the Aemetis Advanced Fuels Keyes, Inc. and
Aemetis Facility Keyes, Inc. Note Purchase Agreement Noteholders,
dated July 10, 2017.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 15%;">
<div style="text-align: center; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: rgb(0, 20, 245);"><a href="amtx_ex106.htm"><font style="font-family: Times New Roman; font-size: 13px;">Exhibit
10.6</font></a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 84%;">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Pledge
Agreement, by and between Aemetis, Inc. and Third Eye Capital
Corporation on behalf of the Goodland Advanced Fuels, Inc. Note
Purchase Agreement Noteholders dated July 10, 2017.</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 15%;">
<div style="text-align: center; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: rgb(0, 20, 245);"><a href="amtx_ex107.htm"><font style="font-family: Times New Roman; font-size: 13px;">Exhibit
10.7</font></a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 84%;">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Form
of Intercompany Revolving Promissory Note</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td colspan="4" style="vertical-align: middle; width: 100%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 35%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 8%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 44%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 13%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 35%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="3" style="vertical-align: bottom; width: 65%">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
AEMETIS, INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 35%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="3" style="vertical-align: bottom; width: 65%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 35%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 8%">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">By:</font></div>
</td>
<td style="vertical-align: bottom; width: 44%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">/s/
Eric A. McAfee</font></div>
</td>
<td style="vertical-align: bottom; width: 13%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 35%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 8%">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Name:</font></div>
</td>
<td colspan="2" style="vertical-align: bottom; width: 57%">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Eric
A. McAfee</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 35%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 8%">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Title:</font></div>
</td>
<td colspan="2" style="vertical-align: bottom; width: 57%">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Chief
Executive Officer</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 35%">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">July
14, 2017</font></div>
</td>
<td style="vertical-align: bottom; width: 8%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: bottom; width: 57%">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 1px">&#xA0;</font><font style="color: #000000">(Principal Executive Officer)</font></font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>amtx_ex101.htm
<DESCRIPTION>LIMITED GUARANTY
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2017 Issuer Direct Corporation -->
<title>Blueprint</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit 10.1</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
LIMITED GUARANTY</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">This
LIMITED GUARANTY (this &#x201C;<font style="text-decoration: underline">Limited Guaranty</font>&#x201D;), dated
as of July 10, 2017, is made by AEMETIS, INC. (the
&#x201C;<font style="text-decoration: underline">Parent
Guarantor</font>&#x201D;) and Aemetis Advanced Products Keyes, Inc.
(&#x201C;<font style="text-decoration: underline">AAPK</font>&#x201D;
and collectively with the Parent Guarantor, the &#x201C;<font style="text-decoration: underline">Guarantors</font>&#x201D;), in favor of
THIRD EYE CAPITAL CORPORATION, as administrative agent and
collateral agent for and on behalf of the Noteholders (as defined
in the Note Purchase Agreement referred to below) (in such
aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
PRELIMINARY STATEMENTS:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(1)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Goodland
Advanced Fuels, Inc., a Delaware corporation (the
&#x201C;<font style="text-decoration: underline">Borrower</font>&#x201D;), the
Noteholders from time to time party thereto, and the Agent have
entered into that certain Note Purchase Agreement of even date
herewith (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the &#x201C;<font style="text-decoration: underline">Note Purchase
Agreement</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(2)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Pursuant
to the Note Purchase Agreement, the Noteholders have agreed to make
Loans from time to time to the Borrower, upon the terms and subject
to the conditions set forth therein.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(3)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Borrower and each Guarantor</font> have entered into separate
Intercompany Revolving Promissory Notes of even date herewith (as
amended, varied, supplemented, restated, renewed or replaced at any
time and from time to time, the &#x201C;<font style="text-decoration: underline">Intercompany Revolving
Notes</font>&#x201D;) pursuant to which the Borrower may, from time
to time, lend a portion of the proceeds of Revolving Advances
incurred under the Note Purchase Agreement to each
Guarantor.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(4)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">This
Limited Guaranty is secured by a first priority lien, subject to
liens existing in connection with the Existing Agreement, pursuant
to separate General Security Agreements entered into by each
Guarantor.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(5)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Prior
to the Aemetis Option Exercise Date, this Limited Guaranty
guarantees the Guaranteed Obligations in an amount not to exceed
the Guaranty Limit. On and after the Aemetis Option Exercise Date,
this Limited Guaranty shall guarantee the Guaranteed Obligations
without giving effect to the Guaranty Limit.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(6)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;It
is a condition precedent to the obligation of the Noteholders to
make Loans under the Note Purchase Agreement that the Guarantors
shall have executed and delivered this Limited Guaranty to the
Agent, for the benefit of the Agent, the Noteholders from time to
time party to the Note Purchase Agreement and any other holder of
any Note Indebtedness (collectively with the Agent and the
Noteholders, the &#x201C;<font style="text-decoration: underline">Secured
Parties</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(7)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Guarantors will derive substantial direct and indirect benefit from
the transactions contemplated by Note Purchase
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">1.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">DEFINITIONS</font>. Capitalized terms
used but not otherwise defined herein shall have the meanings
assigned to them in the Note Purchase Agreement. In addition, when
used herein, &#x201C;<font style="text-decoration: underline">Aemetis Option Exercise
Date</font>&#x201D; shall mean the date upon which the Aemetis
Option is exercised in accordance with its terms;
&#x201C;<font style="text-decoration: underline">Existing
Agreement</font>&#x201D; shall mean that certain Amended and
Restated Note Purchase Agreement dated as of July 6, 2012, as
amended, restated, supplemented, revised or replaced from time to
time, among the borrowers party thereto, Parent Guarantor, the
noteholders party thereto and Third Eye Capital Corporation, an
Ontario corporation, in its capacity as agent for and on behalf of
the noteholders party thereto and each document or agreement
entered into in connection therewith; and &#x201C;<font style="text-decoration: underline">Guaranty Limit</font>&#x201D; shall
mean an amount equal to the sum of (a) the aggregate amount of Note
Indebtedness advanced by the Borrower to each Guarantor under and
in accordance with the Intercompany Revolving Notes (irrespective
of which Guarantor is the obligor under any particular Intercompany
Revolving Note) and (b) the obligations of the Guarantors under
<font style="text-decoration: underline">Section 4.12</font>
hereof.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">2.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">THE GUARANTY</font>.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">Limited Guaranty of
Guaranteed Obligations</font>. The Guarantors unconditionally,
jointly and severally, guarantee to the Agent, on behalf of the
Secured Parties, and their respective successors, endorsees,
transferees and assigns, the prompt payment and performance of all
Note Indebtedness, whether such obligations constitute principal,
interest, expenses, indemnification expenses or other obligations
(collectively, the &#x201C;<font style="text-decoration: underline">Guaranteed Obligations</font>&#x201D;);
<font style="text-decoration: underline">provided</font> that prior
to the Aemetis Option Exercise Date, the aggregate obligations and
liabilities of the Guarantor hereunder shall not at any time or in
any event or circumstance exceed the Guaranty Limit and
<font style="text-decoration: underline">provided</font>,
<font style="text-decoration: underline">further</font>, that on
and after the Aemetis Option Exercise Date, this Limited Guaranty
will no longer give effect to and shall be construed as excluding
the term &#x201C;Guaranty Limit&#x201D;. All payments under this
Limited Guaranty shall be made in United States Dollars in
immediately available funds within five (5) Business Days after the
Agent&#x2019;s demand therefor.<a name="_Toc103054197"><!--anchor--></a></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Guarantee
Absolute</font><font style="color: #000000">. The Guarantors
guarantee that the Guaranteed Obligations will be paid strictly in
accordance with their terms regardless of any law, regulation or
order now or hereafter in effect in any jurisdiction affecting any
of such terms or the rights of the Agent and/or Secured Parties
with respect thereto. The liability of the Guarantors hereunder
shall be primary, absolute and unconditional irrespective
of:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
lack of validity or enforceability of the</font> Note Indebtedness
<font style="color: #000000">or the Guaranteed Obligations or any
agreement or instrument relating thereto;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
change in the time, manner or place of the payment of, or in any
other term of, all or any of the</font> Note Indebtedness
<font style="color: #000000">or the Guaranteed Obligations, or any
amendment or modification of or any consent to departure from this
Limited Guaranty or any other Note Purchase
Document;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
exchange, release, unopposability or nonperfection of any
Collateral or any release or amendment to, waiver of, or consent to
departure from, or any guarantee for, all or any part of the Note
Indebtedness or the Guaranteed Obligations;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
whole or partial termination of this Limited Guaranty;
or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
other circumstance which might otherwise constitute a defense
available to, or a discharge of, any Obligor in respect of
the</font> Note Indebtedness<font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">1</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Consents,
Waivers and Renewals</font>. The Guarantors hereby renounce the
benefits of division and discussion. The Guarantors hereby waive
promptness, diligence, notice of the acceptance hereof, notice of
intent to accelerate and notice of acceleration and any other
notice with respect to any of the Note Indebtedness or the
Guaranteed Obligations, this <font style="color: #000000">Limited
Guaranty</font> or the other Note Purchase Documents and any
requirement that the Agent and/or Secured Parties protect, secure,
perfect, render opposable or insure any Agent&#x2019;s Lien or Lien
on any Property subject thereto or exhaust any right or take any
action against any other Person or any Collateral before proceeding
hereunder. The Guarantors agree that the Agent and/or Secured
Parties may at any time and from time to time, either before or
after the maturity of the Note Indebtedness, without notice to or
further consent of any Guarantor or any other Person extend the
time of payment of, exchange or surrender any Collateral for, or
renew any of the Note Indebtedness or the Guaranteed Obligations,
and may also make any agreements with any other party to or Person
liable on any of the Note Indebtedness, or interested therein, for
the extension, renewal, payment, compromise, discharge, or release
thereof, in whole or in part, or for any modification of the terms
thereof or of any agreement between the Agent and/or any
Noteholders and the Borrower or any such other party or Person,
without in any way impairing or affecting this Limited Guaranty.
The Guarantors agree to make payment to the Agent, for the ratable
benefit of the Secured Parties, of any of the Note Indebtedness and
the Guaranteed Obligations whether or not the Agent and/or any
Secured Parties shall have resorted to any collateral security, or
shall have proceeded against any other obligor principally or
secondarily obligated with respect to any of the Note Indebtedness
or the Guaranteed Obligations. Each Guarantor hereby irrevocably
renounces every right it may acquire to be released from its
guarantee pursuant to applicable law. At the request of the Agent
or any Secured Party, made at any time, the Guarantors shall renew
the Limited Guaranty hereunder by executing such documents for this
purpose as may be reasonably requested by the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Reinstatement</font>.
If at any time any payment in respect of any of the Guaranteed
Obligations is rescinded or must otherwise be returned for any
reason whatsoever, in whole or in part, the Guarantors&#x2019;
obligations hereunder shall (x) revive and remain in full force and
effect or (y) be reinstated (as the case may be) with respect to
such Guaranteed Obligations, in any case, subject to the Guaranty
Limit.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Payments</font>.
All payments made by, or on behalf of, the Guarantors hereunder
will be made without setoff, counterclaim or other
defense.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Subrogation</font>.
The Guarantors shall not exercise any rights which it may acquire
by way of subrogation under this Limited Guaranty or the other Note
Purchase Documents, by any payment made hereunder or otherwise,
until all the Note Indebtedness and the Guaranteed Obligations
shall have been paid in full. If any amount shall be paid to the
Borrower on account of such subrogation rights in violation of the
foregoing restriction, such amount shall be held in trust and as
mandatary for the benefit of the Agent (for itself and the other
Secured Parties) and shall forthwith be paid to the Agent (for
itself and the other Secured Parties) to be credited and applied to
the Note Indebtedness, whether matured or unmatured.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.7&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Postponement
and Subordination</font>. Guarantors hereby postpone any right of
enforcement, remedy and action and subordinate any claims,
including any right of payment, subrogation, contribution and
indemnity that they may have at any time against any Obligor or any
other guarantor, howsoever arising, to irrevocable payment in full
of the Note Indebtedness. Any such claims (whether secured or
unsecured) and any such remedial rights are hereby assigned or
hypothecated to Agent and the Secured Parties (and shall be
assigned or hypothecated pursuant to documentation satisfactory to
Agent), and any such claims owing and paid to the Guarantors in
contravention of the terms of this <font style="color: #000000">Limited Guaranty</font> shall be received and held
by such Guarantor in trust and as agent and mandatary for the
benefit of Agent and the Secured Parties and the proceeds thereof
shall forthwith be paid over to Agent to be credited and applied to
the Note Indebtedness, whether matured or unmatured, in accordance
with the terms of this <font style="color: #000000">Limited
Guaranty</font>. In furtherance of the foregoing, any and all Liens
held by the Guarantors shall for all purposes be, and at all times
remain, inferior, junior and subordinate to the Liens from time to
time held by the Agent under the Security Documents; without
limiting the generality of the foregoing, the foregoing priority
shall prevail in all circumstances and irrespective of: (i) the
priorities otherwise accorded to any such Liens by any applicable
law; (ii) the time or order of the creation, granting, execution or
delivery of the Note Indebtedness, the Note Purchase Documents or
any other deed, document, instrument, act or notice; (iii) the time
or order of the attachment or perfection or setting-up of the
security interests and hypothecs constituted by any such Liens;
(iv) the time or order of registration, notification or publication
of any such Liens or the filing of financing statements or other
instruments and documents with respect thereto; (v) the time of the
making of advances and other credits under the Note Indebtedness;
or (vi) the giving of, or the failure to give, any notice to the
Guarantors or the time of giving of any such notice; in addition,
the Guarantors hereby cede priority of rank and payment to the
Agent and the Secured Parties in all respects to the extent
necessary to give full effect to the foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.8&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Waivers</font>.
In addition to the waivers contained in <font style="text-decoration: underline">Section 2.3</font> hereof, the
Guarantors waive, and agree to the fullest extent permitted by law
that they shall not at any time insist upon, plead or in any manner
whatever claim or take the benefit or advantage of, any appraisal,
valuation, stay, extension, marshaling of assets or redemption
laws, or exemption, whether now or at any time hereafter in force,
which may delay, prevent or otherwise affect the performance by the
Guarantors of the Guaranteed Obligations hereunder (subject to the
Guaranty Limit) or the enforcement by the Agent of, this Limited
Guaranty. The Guarantors hereby waive, to the fullest extent
permitted by law, diligence, presentment and demand (whether for
the benefit of any statute of limitations affecting each
Guarantor&#x2019;s liability hereunder or the enforcement hereof,
non-payment or protest or of acceptance, extension of time, change
in nature or form of the Guaranteed Obligations, acceptance of
further security, release of further security, composition or
agreement arrived at as to the amount of, or the terms of, the
Guaranteed Obligations, notice of adverse change in the
Borrower&#x2019;s financial condition or any other fact which might
increase the risk to the Guarantors) with respect to any of the
Guaranteed Obligations or all other demands whatsoever and waives,
to the fullest extent permitted by law, the benefit of all
provisions of law which are or might be in conflict with the terms
of this Limited Guaranty.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">3.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">REPRESENTATIONS AND
WARRANTIES</font>.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;To
induce the Agent and the other Secured Parties to enter into the
transactions contemplated by the Note Purchase Documents, each
Guarantor makes the following representations and warranties to the
Agent and each Secured Party, each and all of which shall survive
the execution and delivery of this Limited Guaranty: Each Guarantor
(i) has relied exclusively on such Guarantor&#x2019;s own
independent investigation of the Borrower for such
Guarantor&#x2019;s decision to guarantee the Guaranteed Obligations
now existing or thereafter arising (subject to the Guaranty Limit),
(ii) has sufficient knowledge of the Borrower to make an informed
decision about this Limited Guaranty, and neither the Agent nor any
other Secured Party has any duty or obligation to disclose any
information in its possession or control about the Borrower to any
Guarantor, and (iii) has adequate means to obtain from the Borrower
on a continuing basis information concerning the financial
condition of the Borrower and is not relying on the Agent or any
other Secured Party to provide such information either now or in
the future.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
addition, each Guarantor represents and warrants to the Agent and
the Secured Parties as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Guarantor has had the opportunity to discuss the terms and
conditions of the Note Purchase Documents and the Aemetis Option
with its own counsel and has relied on such counsel&#x2019;s advice
with respect to the Note Purchase Documents and the Aemetis Option
in conjunction with the execution of this Limited
Guaranty.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Each Guarantor makes the additional representations and warranties
set forth on <font style="text-decoration: underline">Exhibit
A</font> hereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">4.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">OTHER TERMS</font>.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Covenants</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Guarantor makes the covenants set forth on <font style="text-decoration: underline">Exhibit B</font> hereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">(b</font>)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Subject
to the terms of the Existing Agreement, e<font style="font-size: 13px">ach Guarantor shall be required to, and hereby
agrees to, contribute 100% of the net cash proceeds received by
such Guarantor from the EB-5 Program Issuance to the Borrower and
thereafter cause the Borrower to use 100% of such proceeds to make
a mandatory prepayment on the Term Loan under and in accordance
with Section 2.4(b)(ii) of the Note Purchase
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Amendments</font>.
This Limited Guaranty may not be amended or modified except by the
written agreement of the Guarantors and the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Waiver</font>.
No waiver of any provision of this Limited Guaranty, and no consent
to any departure by the Guarantors herefrom, shall in any event be
effective unless the same shall be in writing and signed by the
Agent, and then such waiver or consent shall be effective only in
the specific instance and for the specific purpose for which given.
No failure on the part of the Agent or any other Secured Party to
exercise, and no delay in exercising any right hereunder, shall
operate as a waiver thereof; nor shall any single or partial
exercise of any such right preclude any other or further exercise
thereof or the exercise of any other right.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Notices</font>.
All notices, requests and demands and other communications to or
upon the Agent or any Obligor hereunder shall be effected in the
manner provided for in <font style="text-decoration: underline">Section 8.2</font> of the Note
Purchase Agreement; provided that any notice, request, demand or
other communication to the Guarantors shall be addressed to each
Guarantor at its address on the signature page to this <font style="color: #000000">Limited Guaranty.</font> Notices sent by hand or
overnight courier service, or mailed by certified or registered
mail, shall be deemed to have been given when received; notices
sent by facsimile shall be deemed to have been given when sent
(except that, if not given during normal business hours for the
recipient, shall be deemed to have been given at the opening of
business on the next Business Day for the recipient).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Severability</font><font style="color: #000000">.</font>&#xA0;
<font style="color: #000000">Any provision of this Limited Guaranty
which is prohibited or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in
any jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Section
Headings</font><font style="color: #000000">. The Section headings
used in this Limited Guaranty are for convenience of reference only
and are not to affect the construction hereof or be taken into
consideration in the interpretation hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.7&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Counterparts</font>.
This Limited Guaranty may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement.
Delivery of an executed counterpart of a signature page of this
document by facsimile or other electronic means shall be effective
as delivery of a manually executed counterpart of this Limited
Guaranty.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.8&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Submission
to Jurisdiction; Waivers</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-style: italic; color: #000000">Jurisdiction</font><font style="color: #000000">.
EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL
NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR
DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN
TORT OR OTHERWISE, AGAINST ANY SECURED PARTY OR ANY RELATED PARTY
OF ANY SECURED PARTY IN ANY WAY RELATING TO THIS LIMITED GUARANTY
OR ANY OTHER NOTE PURCHASE DOCUMENT OR THE TRANSACTIONS RELATING
HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE
OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES
DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY
APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO
IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH
COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION,
LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW
YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT
A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL
BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON
THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN
THIS LIMITED GUARANTY OR IN ANY OTHER NOTE PURCHASE DOCUMENT SHALL
AFFECT ANY RIGHT THAT ANY SECURED PARTY MAY OTHERWISE HAVE TO BRING
ANY ACTION OR PROCEEDING RELATING TO THIS LIMITED GUARANTY OR ANY
OTHER NOTE PURCHASE DOCUMENT AGAINST THE PLEDGOR OR ANY OTHER
OBLIGOR OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-style: italic; color: #000000">Waiver
of Venue</font><font style="color: #000000">. Each Guarantor
irrevocably and unconditionally waives, to the fullest extent
permitted by applicable law, any objection that it may now or
hereafter have to the laying of venue of any action or proceeding
arising out of or relating to this Limited Guaranty in any court
referred to in paragraph (a) of this Section. Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted
by applicable law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such
court.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-style: italic; color: #000000">Service
of Process</font><font style="color: #000000">. Each party
irrevocably consents to service of process in the manner provided
for notices in</font> <font style="text-decoration: underline; color: #000000">Section
4.4</font><font style="color: #000000">. Nothing in this Limited
Guaranty will affect the right of any party hereto to serve process
in any other manner permitted by applicable
law.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-style: italic; color: #000000">Waiver</font><font style="color: #000000">.
Each Guarantor hereby waives, to the maximum extent not prohibited
by law, any right it may have to claim or recover in any legal
action or proceeding referred to in this Section any special,
exemplary punitive or consequential damages.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.9&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline; color: #000000; font-size: 13px">Governing
Law</font><font style="color: #000000; font-size: 13px">. THIS
LIMITED GUARANTY AND THE RIGHTS AND OBLIGATIONS HEREUNDER OF THE
GUARANTORS, THE BORROWER AND THE SECURED PARTIES AND ANY CLAIMS,
CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR
TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS
LIMITED GUARANTY AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE
OF NEW YORK.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.10&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; text-decoration: underline; color: #000000; font-size: 13px">WAIVER
OF JURY TRIAL</font><font style="font-weight: bold; color: #000000; font-size: 13px">. EACH PARTY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS</font>
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
LIMITED GUARANTY</font> <font style="font-weight: bold; color: #000000; font-size: 13px">OR ANY
TRANSACTION CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR
ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY SECURED PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH SECURED PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT THE SECURED PARTIES HERETO HAVE
BEEN INDUCED TO ENTER INTO THIS</font> <font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
LIMITED GUARANTY</font> <font style="font-weight: bold; color: #000000; font-size: 13px">BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS</font>
<font style="font-weight: bold; color: #000000">SECTION.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.11&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Assignment</font>.
This Limited Guaranty shall be binding on, and shall inure to the
benefit of the Guarantors, the Agent, each Secured Party and their
respective successors and assigns; <font style="text-decoration: underline">provided</font> that no Guarantor may
assign or transfer its rights or obligations under this Limited
Guaranty without the written consent of the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.12&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Indemnity
and Expenses</font><font style="color: #000000">. (a) The
Guarantors, jointly and severally, agree to indemnify the Agent,
each Noteholder and each Related Party of any of the foregoing
Persons (each such Person being called an
&#x201C;</font><font style="font-weight: bold; color: #000000">Indemnitee</font><font style="color: #000000">&#x201D;)
against, and hold each Indemnitee harmless from, any and all
losses, claims, damages, liabilities and related costs and expenses
(including the fees, charges and disbursements of any counsel for
any Indemnitee), incurred by any Indemnitee or asserted against any
Indemnitee by any Person (including an Obligor) arising out of, in
connection with, or as a result of (i) the execution or delivery of
this Limited Guaranty, any other Note Purchase Document or any
agreement or instrument contemplated hereby or thereby, the
performance by the parties hereto of their respective obligations
hereunder or thereunder or the consummation of the transactions
contemplated hereby or thereby, (ii) the use or proposed use of the
proceeds therefrom, or (iii) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory,
whether brought by a third party or by any Obligor; provided that
such indemnity shall not, as to any Indemnitee, be available to the
extent that such losses, claims, damages, liabilities or related
expenses (x) are determined by a court of competent jurisdiction by
final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee or (y) result
from a claim brought by any Obligor against an Indemnitee for a
material breach in bad faith of such Indemnitee&#x2019;s obligations
hereunder or under any other Note Purchase Document, if any such
Obligor has obtained a final and nonappealable judgment in its
favor on such claim as determined by a court of competent
jurisdiction.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Guarantors shall not, without the prior written consent of the
applicable Indemnitee(s), effect any settlement of any pending or
threatened claim, litigation, investigation or proceeding in
respect of which such Indemnitee is a party and indemnity could
have been sought hereunder by such Indemnitee, unless such
settlement (i) includes an unconditional release of such Indemnitee
from all liability or claims that are the subject matter of such
proceeding and (ii) does not include a statement as to or an
admission of fault, culpability, or a failure to act by or on
behalf of such Indemnitee.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Guarantors will upon demand, jointly and severally, pay to the
Agent the amount of any and all expenses, including, without
limitation, the fees and expenses of its counsel and of any experts
and agents, that the Agent or any Secured Party may incur in
connection with (i) the exercise or enforcement of any of the
rights of the Agent or the other Secured Parties hereunder or (ii)
the failure by any Guarantor to perform or observe any of the
provisions hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
agreements in this <font style="text-decoration: underline">Section
4.12</font> shall survive repayment of the Note Indebtedness and
all other amounts payable under the Note Purchase Agreement and the
other Note Purchase Documents.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: -24px">
<font style="font-family: Times New Roman; font-size: 13px">[SIGNATURE PAGE
FOLLOWS<font style="font-variant: small-caps">]</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the parties hereto have executed and delivered
this Limited Guaranty as of the date first above
written.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">AEMETIS, INC., as a
Guarantor</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 288px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<br></font></div>
<div style="display: table-cell; width: 288px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">/s/ Eric A.
McAfee</font><br></font></div>
</div>
</div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Eric A. McAfee</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Title:
President and CEO</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Address for Notices to
Guarantor</font>:</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">20400
Stevens Creek Blvd, Suite 700</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Cupertino, CA
95014</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention:&#xA0;
Chief Executive Officer</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Telephone:&#xA0;
________________</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile:&#xA0;
_________________</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">AEMETIS
ADVANCED PRODUCTS KEYES, INC., as a Guarantor</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 288px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<br></font></div>
<div style="display: table-cell; width: 288px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">/s/ Eric A. McAfee</font></font></div>
</div>
</div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Eric A. McAfee</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Title:
President and CEO</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Address for Notices to
Guarantor</font>:</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">20400
Stevens Creek Blvd, Suite 700</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Cupertino, CA
95014</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention:&#xA0;
Chief Executive Officer</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Telephone:&#xA0;
________________</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile:&#xA0;
_________________</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">THIRD
EYE CAPITAL CORPORATION, as the Agent</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 288px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">By:<br></font></div>
<div style="display: table-cell; width: 240px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">/s/ Arif N.
Bhalwani</font></font></div>
</div>
</div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Arif N. Bhalwani</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Managing Director</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-family: Times New Roman; font-size: 13px">
Signature Page to Limited Guaranty</font><br></font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 288px; margin-right: 0px; text-indent: -288px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Acknowledged and
Agreed</font>:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">GOODLAND
ADVANCED FUELS, INC.,</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">as the
Borrower</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">/s/ Michael L.
Peterson</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Michael L. Peterson</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
President and CEO</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Signature
Page to Limited Guaranty</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
EXHIBIT A</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Subject
to the disclosures set forth in the disclosure schedule of the
Guarantors delivered to Agent and Noteholders concurrently with the
execution and delivery of this Limited Guaranty (the
&#x201C;<font style="text-decoration: underline">Disclosure
Schedule</font>&#x201D;) (each of which disclosures, in order to be
effective, shall clearly indicate the Section and, if applicable,
the Subsection of this <font style="text-decoration: underline">Exhibit A</font> to which it relates),
<font style="color: #000000">each Guarantor represents and warrants
to the Agent as follows:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Each
Guarantor (i) is duly organized, validly existing and in good
standing under the laws of the jurisdiction of its organization,
(ii) has the power and authority, and the legal right, to own and
operate its Property and to conduct the business in which it is
currently engaged, (iii) is duly qualified as a foreign corporation
and in good standing under the laws of each jurisdiction where its
ownership, lease or operation of Property or the conduct of its
business requires such qualification and (iv) is in compliance with
all Requirements of Law in all material
respects.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">Each Guarantor has the power and
authority, and the legal right, to make, deliver and perform the
Note Purchase Documents to which it is a party, to consummate the
transactions contemplated thereby and, as the case may be, to
obtain extensions of credit hereunder. Each Guarantor has taken all
necessary organizational action to authorize the execution,
delivery and performance of the Note Purchase Documents to which it
is a party and to authorize the extensions of credit on the terms
and conditions of this</font> Limited Guaranty<font style="color: #000000">. No consent or authorization of, filing with,
notice to or other act by or in respect of, any Governmental
Authority or any other Person is required in connection with the
transactions contemplated hereunder or with the execution,
delivery, performance, validity or enforceability of this</font>
Limited Guaranty <font style="color: #000000">or any of the Note
Purchase Documents. Each Note Purchase Document to which any
Guarantor is a party has been duly executed and delivered on behalf
of such Guarantor. This</font> Limited Guaranty <font style="color: #000000">constitutes, and each other Note Purchase Document
upon execution will constitute, a legal, valid and binding
obligation of each Guarantor a party thereto, enforceable against
such Guarantor in accordance with its terms, except as
enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the
enforcement of creditors&#x2019; rights generally and by general
equitable principles (whether enforcement is sought by proceedings
in equity or at law).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">The execution, delivery, and
performance by the Guarantors of this</font> Limited Guaranty
<font style="color: #000000">and the other Note Purchase Documents
to which each such Guarantor is a party and compliance with the
terms and provisions hereof and thereof will not (i) violate or
conflict with, or result in a breach of, or require any consent
(other than those that have been, or on the Closing Date will be,
duly obtained or made and which are, or on the Closing Date will
be, in full force and effect) under (A) the Organic Documents of
each Guarantor, (B) any Requirement of Law, or (C) any material
agreement or instrument to which each Guarantor is a party or by
which it or any of its properties is bound or subject, or (ii)
result in the creation or imposition of any Lien upon any of the
revenues or assets of any Guarantor other than the Liens arising
under the Note Purchase Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">All factual information taken as a
whole (other than forward-looking information and projections and
information of a general economic nature and general information
about the industry of the Guarantors) furnished by or on behalf of
the Guarantors in writing to the Agent or any Noteholder for
purposes of or in connection with this</font> Limited Guaranty
<font style="color: #000000">or any other Note Purchase Document,
will be true and accurate in all material respects, on the date as
of which such information is dated or certified and is not
incomplete by omitting to state any fact necessary to make such
information (taken as a whole) not misleading in any material
respect at such time in light of the circumstances under which such
information was provided. The projections delivered to the Agent
represent, the good faith estimate of the Guarantors, on the date
such projections were/are delivered, of the each such
Guarantor&#x2019;s future performance for the periods covered
thereby based upon assumptions believed by the Guarantors to be
reasonable at the time of the delivery thereof to the
Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline; color: #000000">Schedule
A(e)</font> <font style="color: #000000">hereto is a correct and
complete list of each Guarantor&#x2019;s head office, registered
office and chief executive office, the location of its books and
records and the locations of its Property. Each Guarantor enjoys
peaceful and undisturbed possession under all leases material to
its business, if any, and to which it is a party or under which it
is operating, and all such material leases, if any, are valid and
subsisting and no material default by either Guarantor exists under
any of them.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Neither
Guarantor nor to the knowledge of either Guarantor, any of its
respective Affiliates, is (i) in violation of any applicable laws
relating to terrorism or money laundering
(&#x201C;</font><font style="text-decoration: underline; color: #000000">Anti-Terrorism
Laws</font><font style="color: #000000">&#x201D;), including, but
not limited to, (x) the Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, Public Law 107-56, (y) the laws, rules and
regulations comprising or implementing the Bank Secrecy Act, (z)
the laws, rules and regulations administered by the United States
Department of the Treasury&#x2019;s Office of Foreign Asset Control
(&#x201C;</font><font style="text-decoration: underline; color: #000000">OFAC</font><font style="color: #000000">&#x201D;)
(as any of the foregoing laws described in this Section A(f) may
from time to time be amended, renewed, extended, or replaced), or
(ii) currently a Sanctioned Entity. No proceeds from any AAPK
Intercompany Note or Parent Intercompany Note has been used by any
Guarantor to lend, contribute, provide, or has otherwise been made
available by any Guarantor to fund, any activity or business in any
Designated Jurisdiction or to fund any activity or business of any
Sanctioned Entity, or in any other manner that will result in any
violation by any Noteholder, the Agent or any of their respective
Affiliates, of Sanctions.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(g)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Neither
Guarantor nor to the knowledge of any Guarantor, any of its
respective Affiliates or any of their respective agents acting in
any capacity in connection with the AAPK Intercompany Note and the
Parent Intercompany Note or other transactions hereunder (i)
conducts any business or engages in making or receiving any
contributions of funds, goods or services to or for the benefit of
any Sanctioned Entity, except to the extent not in violation of
Sanctions or (ii) knowingly engages in or conspires to knowingly
engage in any transaction that evades or avoids, or has the purpose
of evading or avoiding, or attempts to violate, any of the
prohibitions set forth in any applicable Anti-Terrorism
Law.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(h)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Each
Guarantor is in compliance in all material respects with the
Foreign Corrupt Practices Act, as amended, and rules and
regulations thereunder (&#x201C;</font><font style="text-decoration: underline; color: #000000">FCPA</font><font style="color: #000000">&#x201D;).
No part of the proceeds of the AAPK Intercompany Note or the Parent
Intercompany Note will be used directly or indirectly for any
payments to any governmental official or employee, political party,
official of a political party, candidate for political office, or
anyone else acting in an official capacity, in order to obtain,
retain or direct business or obtain any improper advantage, in
violation of the FCPA.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">To
the knowledge of either Guarantor, no Guarantor is not in violation
of any Requirement of Law, including all environmental laws, in any
material respect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(j)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">There are no actions, suits,
litigation or proceedings, at law or in equity, pending by or
against either Guarantor before any court, administrative agency,
or arbitrator in which a likely adverse decision could reasonably
be expected to have a Material Adverse Effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(k)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Each
Guarantor has filed all federal and other material tax returns
required to be filed, including all income, franchise, employment,
property, and sales tax returns, and has paid all of their
respective federal and other material taxes, assessments,
governmental charges, and other levies that are due and payable,
except to the extent such taxes are contested in good faith by
proper proceedings which stay the imposition of any penalty, fine
or Lien resulting from the non-payment thereof and with respect to
which adequate reserves have been set aside for the payment
thereof. No Guarantor has knowledge of any pending investigation of
either Guarantor by any taxing authority or of any pending
unassessed tax liability (other than taxes which are not yet due
and payable) of any Guarantor.</font></font></div>
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</div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(l)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">Each Guarantor has rights in or the
power to transfer the Collateral, and its title to the Collateral
is free and clear of Liens, adverse claims and restrictions on
transfer or pledge except as permitted under this</font> Limited
Guaranty or the other Note Purchase Documents<font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(m)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">The proceeds of the AAPK Intercompany
Note and the Parent Intercompany Note shall be used by the
respective Guarantor for the purposes described on Schedule 5.1(i)
to the Note Purchase Agreement. Neither Guarantor is engaged
principally, or as one of its important activities, in the business
of extending credit for the purpose of purchasing or carrying
margin stock (within the meaning of Regulations T, U, or X of the
Board of Governors of the Federal Reserve System), and no part of
the proceeds of any AAPK Intercompany Note and the Parent
Intercompany Note will be used to purchase or carry any margin
stock or to extend credit to others for the purpose of purchasing
or carrying margin stock.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(n)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">No
Guarantor is (i) an &#x201C;investment company&#x201D; or a company
&#x201C;controlled&#x201D; by an &#x201C;investment company&#x201D;
within the meaning of the</font> <font style="font-style: italic; color: #000000">Investment Company Act of
1940</font> <font style="color: #000000">or (ii) subject to
regulation under any other federal or state statute, rule or
regulation limiting its ability to incur Indebtedness, pledge its
assets or perform its obligations under the Note Purchase
Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(o)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">All
financial statements related to either Guarantor that are delivered
by such Guarantor to Agent fairly present in all material respects
such Guarantor&#x2019;s financial condition as of the date thereof
and such Guarantor&#x2019;s results of operations for the period
then ended. There has not been a material adverse change in the
financial condition of Guarantor since the date of the most recent
of such financial statements submitted to
Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px">(p)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
The properties of the <font style="color: #000000">Guarantors</font> are insured with financially
sound and reputable insurance companies which are not Affiliates of
the <font style="color: #000000">Guarantors</font>, in such
amounts, with such deductibles and covering such risks as are
customarily carried by companies engaged in similar businesses and
owning similar properties in localities where such <font style="color: #000000">Guarantor</font> operates.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px">(q)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
<font style="color: #000000">Guarantor</font> has met the minimum
funding requirements of ERISA with respect to any employee benefit
plans subject to ERISA. No event has occurred resulting from any
<font style="color: #000000">Guarantor</font>&#x2019;s failure to
comply with ERISA that is reasonably likely to result in a
Guarantor incurring any liability that could reasonably be expected
to have a Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px">(r)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Each
Guarantor is able to pay its debts (including trade debts) as they
mature; the fair saleable value of each Guarantor&#x2019;s assets
(including goodwill minus disposition costs) exceeds the fair value
of such Guarantor&#x2019;s liabilities; and no Guarantor will not be
left with unreasonably small capital after the transactions
contemplated by this</font> Limited Guaranty and the other Note
Purchase Documents<font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(s)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
representations and warranties made</font><font style="font-style: italic; color: #000000">&#xA0;</font><font style="color: #000000">in this</font> <font style="text-decoration: underline; color: #000000">Exhibit A</font>
<font style="color: #000000">shall survive the execution and
delivery of this</font> Limited Guaranty <font style="color: #000000">and shall deemed to have been made by each
Guarantor on the Closing Date and repeated by each Guarantor, in
each case with reference to the facts and circumstances then
existing, on each Interest Payment Date and any subsequent Drawdown
Date.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
EXHIBIT B</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">1.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Affirmative Covenants.</font>
<font style="color: #000000">So long as any of the Guaranteed
Obligations shall remain unpaid, each Guarantor will, unless the
Agent shall otherwise consent in writing, in its sole and absolute
discretion:</font></font></div>
</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Maintenance
of Existence; Compliance</font><font style="color: #000000">. (i)
Preserve, renew and keep in full force and effect its
organizational existence and take all reasonable action to maintain
all rights, privileges and franchises necessary or desirable in the
normal conduct of its business, (ii) comply in all material
respects with all contractual obligations, (iii) comply in all
material respects with all Requirements of Law, and (iv) preserve,
renew and keep in full force and effect all material
contracts.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Payment
of Obligations</font><font style="color: #000000">. Except for
amounts due and payable under the Existing Agreement, pay,
discharge or otherwise satisfy at maturity or before they become
delinquent, as the case may be, all its material obligations of
whatever nature (including all taxes), except where the amount or
validity thereof is currently being contested in good faith by
appropriate proceedings and reserves in conformity with GAAP with
respect thereto have been provided on the books of such Guarantor
or its Subsidiary, as applicable.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Reporting
Requirements</font><font style="color: #000000">. Furnish to the
Agent (i) written notice of the occurrence of any Default or Event
of Default or any other event or circumstance that may constitute a
Material Adverse Effect and (ii) such information with respect to
the condition or operations, financial or otherwise, of the
Guarantors as the Agent may from time to time reasonably request,
including, without limitation:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(1)
Annual Reporting: within ninety (90) days following the close of
each fiscal year, i) each Guarantor&#x2019;s annual financial
statements, prepared in accordance with GAAP and reviewed by a
recognized firm of qualified accountants acceptable to the Agent
and presenting fairly the financial condition of such Guarantor and
any of its Subsidiaries as of the date thereof and for the period
then ended (and including a letter from such accountants), and ii)
a copy of the Capital Expenditure budget of such Guarantor and its
Subsidiaries for such following fiscal year;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(2) Quarterly Reporting: within forty-five (45)
days after the close of each fiscal quarter, i) quarterly and
fiscal year-to-date unaudited consolidated financial statements of
each Guarantor and its Subsidiaries, including an income statement,
balance sheet, and statement of cash flow, statement of earnings
prepared in accordance with GAAP (subject to the absence of notes
and annual adjustment)</font> <font style="color: #000000">ii)
updates to the current year&#x2019;s financial projections for each
such remaining fiscal quarters, and (C) updates to the Capital
Expenditure budget for each such remaining fiscal
quarters;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(3) Quarterly Compliance Certificate: forty-five
(45) days after the close of each fiscal quarter, a compliance
certificate, duly executed by a Responsible Officer, demonstrating
compliance with the financial covenants set forth in Section 2(l)
of this Exhibit B and in the form attached hereto as</font>
<font style="text-decoration: underline; color: #000000">Schedule
1</font> <font style="color: #000000">or otherwise satisfactory in
form and substance to the Agent;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(4) Annual Budget: As soon as available and in any
event within forty-five (45) days following the commencement of
each fiscal year, the annual business plan of each Guarantor and
its Subsidiaries prepared on a consolidated basis, with financial
projections and budgets on an annual basis, in each case consisting
of a balance sheet, statement of income, statement of cash flows,
proposed Capital Expenditures and a list of assumptions upon which
such projections are based (the &#x201C;</font><font style="text-decoration: underline; color: #000000">Guarantor Annual
Budget</font><font style="color: #000000">&#x201D;) for such fiscal
year;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(5)
Guarantor Annual Budget Updates: As soon as practicable and in any
event within (A) sixty (60) days after each fiscal year and (B) two
hundred and forty (240) days after each fiscal year, updates of the
cash flow projections and budget from the Guarantor Annual Budget
with projections for the immediately succeeding twelve-month or
six-month period, as applicable, together with a summary of
variances from the applicable projections providing supplementary
detailed schedules and information supplementary to and consistent
with the Guarantor Annual Budget;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(6)
Material Internal Reports: Immediately upon receipt by any
Guarantor or any its Subsidiaries, copies of any reports, including
material internal reports provided to or by its engineers, other
employees or external consultants with respect to the Riverbank
Project;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(7)
Insurance and Security: From time to time upon request of the
Agent, and in any event at least annually, evidence of (A) the
maintenance of all insurance required to be maintained pursuant to
this Limited Guaranty, including originals or copies as the Agent
may request of policies, certificates of insurance, riders,
endorsements and proof of premium payments, (B) maintenance of
onsite security personal on a 24/7 basis, and (C) the good standing
of all authorizations, permits, licenses, certifications, consents,
registrations and approvals material to either
Guarantor;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(8)
Shareholder Notices: Copies of all notices, reports and other
documents sent to shareholders and directors of a Guarantor or any
of its Subsidiaries as the Agent, on behalf of the Noteholders, may
from time to time reasonably request;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(9)
Riverbank Project Reports: As soon as available and in any event
within fifteen (15) days after the end of each calendar month, an
update on the Riverbank Project prepared by management of AAPK, in
form and substance satisfactory to the Agent;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(10)
SEC Reports: Copies of all notices, reports, press releases,
circulars, offering documents and other documents of each
Guarantors or any of its Subsidiaries filed with, or delivered to,
any stock exchange or securities commission or a similar
Governmental Authority in any applicable jurisdiction;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(11)
Other Information: Such other information respecting the condition
or operations, financial or otherwise, of the business of each
Guarantor or any its Subsidiaries, the Collateral, or any other
Obligor as the Agent may from time to time require, including
appraisals and valuations of the Mortgaged Property, the Riverbank
Project.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Environmental
Issues</font><font style="color: #000000">. (i) Comply with all
applicable environmental laws, including obtaining and maintaining
all relevant environmental permits; (ii) promptly notify
Noteholders of any environmental claim, notice or order against it;
and (iii) conduct such environmental audits as may reasonably be
requested by the Agent.</font></font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold">Security</font>.
Do, observe and perform or cause to be done, observed and performed
all of its obligations and all matters and things necessary or
expedient and which may be legally done, observed and performed by
<font style="color: #000000">each Guarantor</font> and each
Subsidiary for the purpose of perfecting, setting-up, rendering
opposable, creating or maintaining its rights and interest in all
collateral in which such Person has granted Liens in favor of the
Agent. <font style="color: #000000">Each Guarantor</font> and each
Subsidiary shall promptly execute and deliver to the Agent such
additional or complementary security documents, or such
confirmations or such notices or documents containing such further
description of properties charged or intended to be charged by the
Security Documents as may in the reasonable opinion of the Agent be
necessary or advisable to create and maintain its rights in all
such collateral. <font style="color: #000000">Without limiting the
generality of the foregoing, upon exercise of the Aemetis Option,
the Parent, as holder of Capital Stock of the Borrower pursuant to
the Aemetis Option, shall take such actions relating thereto that
are requested by the Agent pursuant to this clause 1(e) to
effectuate the terms and provisions of the Pledge Agreement.</font>
Each Guarantor shall cause to be promptly made all registrations,
publications and filings (including any renewals thereof) and to be
delivered all opinions, necessary, in the reasonable opinion of the
Agent, to render the Security Documents, and the Liens made in
favor of the Agent, to be fully effective as security. The
Guarantors shall promptly notify the Agent of the establishment of
any deposit account, securities account or other bank account by
such Guarantor or any Subsidiary and, at the request of the Agent,
enter into any control agreements with respect thereto as may be
requested by the Agent. The Guarantors shall notify the Agent of
the acquisition by such Guarantor or any Subsidiary of any material
assets, the formation or acquisition of any new Subsidiaries of
such Person and the acquisition of any interests in any real
property, and shall take such actions relating thereto that are
requested by the Agent pursuant to this clause 1(e), including,
without limitation, causing any such new Subsidiary to become a
Guarantor and/or causing any such assets to become subject to a
Lien securing the Note Indebtedness.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Maintenance
of Properties</font><font style="color: #000000">. Keep and
maintain all Property material to the conduct of its business in
good working order and condition, ordinary wear and tear
excepted.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(g)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Insurance.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 84px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(1)
Maintain, with financially sound and reputable insurers having a
rating acceptable to the Agent in its reasonable discretion,
covering, except as permitted by the Agent, all of their Property,
insurance against loss or damage by fire with extended coverage;
theft, burglary, pilferage and loss in transit; public liability
and third party property damage; larceny, embezzlement or other
criminal liability; public liability and third party property
damage; and such other hazards or of such other types as is
customary for Persons engaged in the same or similar business, as
the Agent, in its discretion, shall specify, in amounts, and under
policies acceptable to the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 84px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(2)
Cause the Agent, for the ratable benefit of the Agent and the
Noteholders, to be named as loss payee or additional insured in
each policy insuring its Property or any part thereof, in a manner
acceptable to the Agent. All premiums for such insurance shall be
paid by each Guarantor, as applicable, when due, and certificates
of insurance and, if requested by the Agent or any Noteholder,
photocopies of the policies, shall be delivered to the Agent, in
each case in sufficient quantity for distribution by the Agent to
each of the Noteholders. If either Guarantor fails to procure such
insurance or to pay the premiums therefor when due, the Agent may
do so from the proceeds of the Loans.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(h)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Inspection</font><font style="color: #000000">.
Enable and assist representatives of the Agent to examine (and, if
desired, copy) each Guarantor&#x2019;s (and any of its
subsidiaries&#x2019;) records, to inspect any of its properties, to
conduct field examinations, audits and appraisals of any of the
Collateral, the Riverbank Project, and to discuss its business and
affairs with its officers, directors, employees, accountants,
auditors, partners, suppliers and customers all to the extent
reasonably requested by the Agent and all at the Borrower&#x2019;s
expense. Not in limitation of the foregoing, enable and assist
representatives of the Agent to conduct a monthly review of the
progress of the Riverbank Project.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">Use of
Proceeds</font><font style="color: #000000">. Use the proceeds of
the AAPK Intercompany Note or Parent Intercompany Note solely for
the purposes identified on</font> <font style="text-decoration: underline; color: #000000">Schedule&#xA0;5.1(i)</font>
<font style="color: #000000">to the Note Purchase Agreement or as
otherwise agreed to by the Agent in its sole discretion, and not
for personal, family, household or agricultural purposes or
advanced to any Person who is not an Obligor.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(j)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Books
and Records.</font> <font style="color: #000000">Maintain at all
times, correct and complete books, records and accounts in which
complete, correct and timely entries are made of its transactions
in accordance with GAAP. Each Guarantor and its Subsidiaries shall,
by means of appropriate entries, reflect in such accounts and in
all their financial statements adequate liabilities and reserves
for all taxes and adequate provision for depreciation and
amortization of Property and bad debts, all in accordance with
GAAP. Each Guarantor and its Subsidiaries shall maintain at all
times books and records pertaining to their Property in such
detail, form and scope as the Agent shall reasonably require,
including, without limitation, records of: (i) all payments
received and all credits and extensions granted with respect to
their accounts or claims; and (ii) all other dealings affecting
their Property. Upon request by the Agent, each Guarantor shall
promptly deliver or cause to be delivered (where applicable and
provided such delivery is permitted by law): (i) technical and
engineering reports prepared by independent experts in connection
with the business of the Guarantors; (ii) copies of all material
and selected contracts and authorizations; (iii) organizational
charts for the Guarantors and a summary of compensation of all
personnel of the Guarantors; (iv) copies of reports sent to
shareholders and directors of any of the Guarantors; and (v) such
further schedules, documents, and information as the Agent may
require.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(k)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Further
Assurances</font><font style="color: #000000">. At its own cost and
expense, execute and deliver to Agent and Noteholders all such
documents, instruments and agreements and do all such other acts
and things as may be reasonably required, in the opinion of the
Agent, to carry out the purpose of each Note Purchase Document to
which it is a party or to enable the Agent and Noteholders to
exercise and enforce their rights hereunder or
thereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(l)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">Taxes</font><font style="color: #000000">. Make due and timely payment or deposit of all
federal, provincial, territorial, state and local taxes,
assessments or contributions required of it by law (including, but
not limited to, those laws concerning income taxes, F.I.C.A.,
F.U.T.A. and state disability), and will execute and deliver to the
Agent, on demand, proof satisfactory to the Agent indicating that
such Person has made such payments or deposits and any appropriate
certificates attesting to the payment or deposit
thereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(m)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">Additional
Guarantors and Security</font><font style="color: #000000">. Upon
the request of the Agent following the formation or acquisition of
any new direct or indirect Subsidiaries approved by the Agent by
either Guarantor or the acquisition of any property by either
Guarantor, and such property, in the judgment of the Agent, shall
not already be subject to a perfected first priority security
interest in favor of the Agent for the benefit of the Noteholders,
then in each case at such Guarantor&#x2019;s expense: (i) in
connection with the formation or acquisition of a Subsidiary,
within ten (10) days after such formation or acquisition, cause
each such Subsidiary, and cause each direct and indirect parent of
such Subsidiary (if it has not already done so), to duly execute
and deliver to the Agent a supplement to the Guaranty, or other
similar guaranty in form and substance satisfactory to the Agent,
guaranteeing the Note Indebtedness; and (ii) within fifteen (15)
days after such request, formation or acquisition, duly execute and
deliver, and cause each such Subsidiary and each direct and
indirect parent of such Subsidiary to duly execute and deliver to
the Agent mortgages, pledges, assignments, security interests and
other security agreements, as specified by and in form and
substance satisfactory to Agent (including delivery of all Capital
Stock in and of such Subsidiary, and other instruments requested by
the Agent in connection therewith, in each case, securing payment
of all Note Indebtedness.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(n)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">Compensation
Agreements</font><font style="color: #000000">. Prior to entering
into or modifying any compensation agreements for key officers or
directors of either Guarantor or any their respective Subsidiaries,
each Guarantor shall provide the terms thereof to the Agent, and
such terms must be satisfactory to the Agent, acting
reasonably.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 72px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(o)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">Control
Agreement</font><font style="color: #000000">. Within thirty (30)
days following a request of Agent from time to time with respect to
any Guarantor, execute and deliver to Agent, one or more control
agreements over such Guarantor&#x2019;s deposit accounts
countersigned by the applicable bank or third party, in each case,
in a form acceptable to Agent in its sole
discretion.</font></font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">2.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Negative
Covenants.</font> <font style="color: #000000">So long as any of
the Guaranteed Obligations shall remain unpaid, no Guarantor will,
directly or indirectly, without the prior written consent of the
Agent, in its sole and absolute discretion:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Liens</font><font style="color: #000000">.
Create, incur, assume or suffer to exist any Lien upon any of its
Property, whether now owned or hereafter acquired,
except:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Liens
for taxes not yet due or that are being contested in good faith by
appropriate proceedings, provided that adequate reserves with
respect thereto are maintained on the books of the applicable
Person in conformity with GAAP;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(ii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">carriers&#x2019;, warehousemen&#x2019;s,
mechanics&#x2019;, materialmen&#x2019;s, repairmen&#x2019;s or other
like Liens arising in the ordinary course of business that are not
overdue for a period of more than 30 days or that are being
contested in good faith by appropriate
proceedings;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(iii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">pledges or deposits in connection with
workers&#x2019; compensation, unemployment insurance and other
social security legislation;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(iv)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">easements, rights-of-way, restrictions
and other similar encumbrances incurred in the ordinary course of
business that, in the aggregate, are not substantial in amount and
that do not in any case materially detract from the value of the
Property subject thereto or materially interfere with the ordinary
conduct of the business of such Person; and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 96px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(v)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Liens
created pursuant to the Security Documents.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Indebtedness.</font>
<font style="color: #000000">Create, incur, assume or suffer to
exist any Indebtedness, except Permitted Indebtedness. Without the
consent of the Agent, amend, modify or change any term or condition
of any documentation entered into in connection with any
Indebtedness (i) in any manner (i) if the effect of such amendment,
modification or change is to restrict in any manner the ability of
any Agent or the Noteholders to exchange, extend, renew, replace or
refinance, in whole or part, the Term Loan, Revolving Advances or
any other Indebtedness under the Note Purchase Documents, or (ii)
in any other manner that could be adverse to the interests, rights
or remedies of the Agent or any Noteholder under the Note Purchase
Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Capital
Stock, Dividends, Etc.</font> <font style="color: #000000">(i)
Declare or make any Distribution or other dividend payment or
distribution of assets, properties, cash, rights, obligations or
securities on account of any shares of any class of Capital Stock
of any Guarantor, (ii) purchase, redeem or otherwise acquire for
value any shares of any class of Capital Stock of any Guarantor or
any of its Subsidiaries or any warrants, rights or options to
acquire any such shares, now or hereafter outstanding or (iii) make
any distributions, remuneration or payment (including any
Distributions) in violation of the terms of any applicable
subordination terms applicable to any Permitted Indebtedness.
Notwithstanding any other term of this Limited Guaranty, each
Guarantor and its Subsidiaries shall not, without the prior written
consent of the Agent, make any transfer of funds, transfer of
Property, or any distributions, remuneration or payment (including
any Distributions) to any Person, other than (x) payments of cash
made in accordance with an approved Annual Budget, Authorized
Expenditures, or as otherwise required by applicable Governmental
Authorities, (y) payments on account of the Guaranteed Indebtedness
in accordance with the terms hereof, and (z) to the extent not
otherwise prohibited by any Note Purchase Document, in the ordinary
course of business and not in connection with or on account of any
Indebtedness.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Investments</font><font style="color: #000000">.
Make any Investment after the Closing Date except Permitted
Investments.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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</div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Business,
Management, Mergers, etc.</font> <font style="color: #000000">(i)
make any change in (A) board of directors or senior management of
either Guarantor, (B) the compensation arrangements of any key
officer or director of either Guarantor or any of their respective
Subsidiaries, or (C) the capital structure of the either Guarantor
or any of their respective Subsidiaries, (ii) make any material
change in the nature of the business presently conducted by either
Guarantor or any of their respective Subsidiaries; (iii)</font>
<font style="color: #000000">make any payments on account of
bonuses or new retainers greater than $50,000 or establish or
create any trust accounts, (iv)&#xA0;change its name; (v) change
its jurisdiction of incorporation or its type of organization (that
is, from a corporation) or otherwise amend, modify or change any of
its Organic Documents, as in effect on the Closing Date;
(vi)&#xA0;merge, amalgamate or consolidate with or into, or convey,
transfer, lease or otherwise dispose of or alienate (whether in one
transaction or in a series of transactions) all or substantially
all of its assets (whether now owned or hereafter acquired) to, or
acquire all or substantially all of the assets of, any Person, or
dissolve or liquidate or terminate its legal existence, or (vii)
make any change in (A) its accounting policies or reporting
practices, except as required or permitted by GAAP, or (B) its
fiscal year.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Change
of Control</font><font style="color: #000000">. Cause, permit, or
suffer, directly or indirectly, any of the following (other than to
the extent caused by the exercise of the Aemetis Option or the
exercise of the Warrant):</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i) the
acquisition of ownership (other than by Persons who are Obligors as
of the Closing Date), directly or indirectly, as the
&#x201C;beneficial owner&#x201D; (as defined in Rules 13d&#x2212;3 and
13d&#x2212;5 under the Exchange Act) or owner of record, by any
&#x201C;person&#x201D; or &#x201C;group&#x201D; (as such terms are used
in Sections 13(d) and 14(d) of the Exchange Act) of Capital Stock
of the Parent Guarantor representing more than 50% of the aggregate
ordinary voting power represented by the issued and outstanding
Capital Stock of the Parent Guarantor (it being understood that to
the extent that any Capital Stock of the Parent Guarantor held by
any such person or group are disregarded for ordinary voting
purposes pursuant to the terms of the Parent Guarantor&#x2019;s
Organic Documents, such Capital Stock shall not be included for
purposes of determining whether the threshold set forth in this
clause (i) has been met), (ii) occupation of a majority of the
seats (other than vacant seats) on the board of directors or other
governing body of the Parent Guarantor by Persons who were not (A)
a member of such board or other governing body as of the Closing
Date, (B) nominated by such board or other governing body after the
Closing Date, or (C) appointed or elected by at least a majority of
directors or other equivalent managers that were members of such
board or other governing body as of the Closing Date or nominated,
appointed or elected after the Closing Date pursuant to clause (B)
above or this clause (C), (iii) the Parent Guarantor is not,
directly or indirectly, the legal and beneficial holder of 100% of
the Capital Stock of AAPK, (iv) the equity owners of either
Guarantor approving any plan or proposal for the liquidation or
dissolution of the Guarantors, (v) the sale of all or substantially
all of the assets of the Guarantors, (vi) Eric McAfee ceases to be
the Chairman of the Parent or employed as the Chief Executive
Officer of the Parent Guarantor, (vii) Eric McAfee ceases to own,
directly or indirectly, at least 1 million shares of the Capital
Stock of the Parent Guarantor and (viii) the execution by the
either Guarantor or any of its Affiliates of any agreement, letter
of intent, commitment, arrangement or understanding with respect to
any proposed transaction or event or series of transactions or
events that, individually or in the aggregate, may reasonably be
expected to result in any of the events in clauses (i) through
(vii) above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(g)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Disposition
of Property</font><font style="color: #000000">. Dispose or
alienate of any of its Property, whether now owned or hereafter
acquired, except dispositions of inventory made by either Guarantor
or their respective Subsidiaries in the ordinary course of its
business.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(h)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; <font style="font-weight: bold; color: #000000">Affiliate
Transactions and Intercompany Loans</font><font style="color: #000000">. Enter into any transaction with any other
Obligor, Affiliate or Subsidiary or any of its directors or senior
or executive officers or senior management, or enter into or assume
any employment, consulting or analogous agreement or arrangement
with any of its directors or senior or executive officers or senior
management, or make any payment to any of its directors or senior
or executive officers or senior management; provided, however, that
Guarantors may enter into the AAPK Intercompany Note and the Parent
Intercompany Note, as applicable.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; <font style="font-weight: bold; color: #000000">Bank
Accounts</font><font style="color: #000000">. Open any bank account
without the consent of the Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(j)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Negative
Pledge Clauses</font><font style="color: #000000">. Enter into or
suffer to exist or become effective any agreement that prohibits or
limits the ability of either Guarantor or any Subsidiary to create,
incur, assume or suffer to exist any Lien upon any of its Property
or revenues, whether now owned or hereafter acquired, other than
this Limited Guaranty and the other Note Purchase
Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(k)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Place
of Business</font><font style="color: #000000">.</font><font style="font-weight: bold; color: #000000">&#xA0;</font><font style="color: #000000">Change the location of its respective chief
executive office, principal place of business and registered office
from, or maintain Property in any location other than as disclosed
in</font> <font style="text-decoration: underline; color: #000000">Schedule
A(e)</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(l)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Amendments
of Related Documents</font><font style="color: #000000">. Cancel or
terminate any Related Document or consent to or accept any
cancellation or termination thereof, amend, modify or change in any
manner any term or condition of any Related Document or give any
consent, waiver or approval thereunder, waive any default under or
any breach of any term or condition of any Related Document, agree
in any manner to any other amendment, modification or change of any
term or condition of any Related Document or take any other action
in connection with any Related Document that would impair the value
of the interest or rights of any Noteholder thereunder or that
would impair the rights or interests of the Agent or any
Noteholder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(m)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Approved
Expenditure</font><font style="color: #000000">. Make any Approved
Expenditure or any other expenditure with respect to the
development of the Goodland Project or the Mortgaged Property prior
to the termination of the Redemption Period.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(n)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Financial
Covenants</font><font style="color: #000000">. Permit the ratio of:
(a) the sum of (i) the most recent Mortgaged Property Market Value,
and (ii) the most recent Riverbank Project Value to (b) the Note
Indebtedness, to be less than 2.00:1.00, tested as of the last day
of each fiscal quarter.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Schedule 1</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Form of Guarantor Compliance Certificate</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">TO:</font>&#xA0;&#xA0;<br></font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Third
Eye Capital Corporation, as Agent</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">AND
TO:</font>&#xA0;<br></font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Noteholders</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">RE:</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Compliance Certificate for the</font> <font style="font-weight: bold; color: #000000">[fiscal year / quarter]</font>
<font style="color: #000000">ended ________________________ (the
&#x201C;</font><font style="text-decoration: underline; color: #000000">Statement
Date</font><font style="color: #000000">&#x201D;)</font></font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The undersigned, being a Responsible Officer of
each Guarantor, refers to that certain Limited Guaranty, dated as
of June [__], 2017 (as amended, varied, supplemented, restated,
renewed or replaced at any time and from time to time, the
&#x201C;</font><font style="text-decoration: underline; color: #000000">Limited
Guaranty</font><font style="color: #000000">&#x201D;; capitalized
terms used but not defined herein having the meanings set forth
therein), among AEMETIS, INC., as Parent Guarantor and Aemetis
Advanced Products Keyes, Inc. (&#x201C;</font><font style="text-decoration: underline; color: #000000">AAPK</font><font style="color: #000000">&#x201D;
and collectively with the Parent Guarantor, the
&#x201C;</font><font style="text-decoration: underline; color: #000000">Guarantors</font><font style="color: #000000">&#x201D;),
in favor of THIRD EYE CAPITAL CORPORATION as administrative agent
and collateral agent for and on behalf of the Noteholders (in such
aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;</font><font style="text-decoration: underline; color: #000000">Agent</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">I
have read the provisions of the Limited Guaranty and other Note
Purchase Documents which are relevant to this Compliance
Certificate and have made or caused to be made such examinations or
investigations as are necessary to enable me to express an informed
opinion on the matters contained in this Compliance
Certificate.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">2.&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The representations and warranties of the
Guarantors contained in</font> <font style="text-decoration: underline; color: #000000">Section 3</font>
<font style="color: #000000">and</font> <font style="text-decoration: underline; color: #000000">Exhibit A</font>
<font style="color: #000000">of the Limited Guaranty, or which are
contained in any document furnished at any time under or in
connection with the Note Purchase Documents, are true and correct
on and as of the date hereof, except to the extent that such
representations and warranties specifically refer to an earlier
date, in which case they are true and correct as of such earlier
date.</font></font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">3.&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">The Guarantors
hereby certify and warrant to you that the following is a true and
correct computation as at the date hereof of the ratio contained in
<font style="text-decoration: underline">Section 2(l)</font> of
<font style="text-decoration: underline">Exhibit B</font> to the
Limited Guaranty:</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 84px; margin-right: 42px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline">Minimum
Ratio</font> <font style="color: #000000">The ratio of: (a) the sum
of (i) the most recent Mortgaged Property Market Value, and (ii)
the most recent Riverbank Project Value to (b) the Note
Indebtedness for the quarter ended on the Statement Date was
___:1.00 which was in compliance with the requirement under Section
2(l) of Exhibit B to the Limited Guaranty.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">4.&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">The Guarantors
further certify to you that no Event of Default has occurred or is
occurring.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">5.&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">The financial
statements delivered herewith pursuant to Sections (c)(1) or (2) of
Exhibit B to the Limited Guaranty, as applicable, for the period
ended as of the Statement Date <font style="color: #000000">fairly
present in all material respects the</font> Guarantors<font style="color: #000000">&#x2019; financial condition as of the Statement
Date and</font> Guarantors<font style="color: #000000">&#x2019;
results of operations for the period then ended. There has not been
a material adverse change in the financial condition of</font>
either Guarantor <font style="color: #000000">since the Statement
Date</font>.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">IN WITNESS WHEREOF</font>, the Guarantors have
caused this Compliance Certificate to be executed and delivered by
its duly authorized officer on [DATE].</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AEMETIS, INC.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">By:
_______________________________</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Executive Officer</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AEMETIS ADVANCED PRODUCTS KEYES, INC.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">By:
_______________________________<br></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Executive Officer</font></div>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>amtx_ex102.htm
<DESCRIPTION>NOTE PURCHASE AGREEMENT
<TEXT>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit 10.2</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
NOTE PURCHASE AGREEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">This</font> <font style="font-weight: bold; color: #000000">NOTE
PURCHASE</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #000000">AGREEMENT</font>
<font style="color: #000000">(this &#x201C;</font><font style="font-weight: bold; color: #000000">Agreement</font><font style="color: #000000">&#x201D;) dated as of July 10, 2017, is made
among</font> <font style="font-weight: bold; color: #000000">GOODLAND ADVANCED FUELS,
INC.</font><font style="color: #000000">, a Delaware corporation
(the &#x201C;</font><font style="font-weight: bold; color: #000000">Borrower</font><font style="color: #000000">&#x201D;),</font> <font style="font-weight: bold; color: #000000">THIRD EYE CAPITAL
CORPORATION</font><font style="color: #000000">, an Ontario
corporation, for itself and as administrative agent and collateral
agent for and on behalf of the Noteholders (in such aforesaid
capacities, or any successor or assign in such capacities, the
&#x201C;</font><font style="font-weight: bold; color: #000000">Agent</font><font style="color: #000000">&#x201D;), and the Noteholders made a party hereto
from time to time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Borrower has requested that the Noteholders acquire the Notes, the
proceeds of which will be used by the Borrower for the purposes set
out in Section&#xA0;5.1(i), and Noteholders are prepared to acquire
such Notes on and subject to the terms and conditions hereof.
Accordingly, in consideration of the mutual covenants and
agreements herein contained, the parties hereto agree as
follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">SECTION 1.</font>&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">DEFINITIONS</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.1</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Definitions</font><font style="color: #000000">.
For the purposes of this Agreement, capitalized words and phrases
shall have the meanings set forth below:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">AAPK</font><font style="color: #000000">&#x201D; means Aemetis Advanced Products Keyes,
Inc., a Delaware corporation.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">AAPK Intercompany
Note</font><font style="color: #000000">&#x201D; means that certain
Revolving Promissory Note, dated as of the Closing Date, by AAPK
payable to the Borrower, as amended from time to time to the extent
permitted by, and in accordance with, the terms of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Acquisition</font><font style="color: #000000">&#x201D; means the acquisition of the real property
located at</font> 200 Energy Park Drive in Goodland, Kansas
<font style="color: #000000">pursuant to the Purchase
Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Aemetis
Option</font><font style="color: #000000">&#x201D; means that
certain Option Agreement, dated as of the Closing Date, pursuant to
which Parent may or shall, subject to the terms thereof, purchase
all of the Capital Stock of the Borrower (other than the Warrant or
Capital Stock issuable upon the exercise of the Warrant), in a form
satisfactory to the Agent in its sole
discretion.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Affiliate</font><font style="color: #000000">&#x201D; means, with respect to any Person, another
Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Agent</font><font style="color: #000000">&#x201D; has the meaning ascribed thereto in the
preamble hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Agreement</font><font style="color: #000000">&#x201D; means this Note Purchase Agreement,
including the Schedules and other attachments hereto, as amended,
varied, supplemented, restated, renewed or replaced at any time and
from time to time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Annual
Budget</font><font style="color: #000000">&#x201D; has the meaning
ascribed thereto in Section 5.1(c)(5) hereof.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Appraisal</font><font style="color: #000000">&#x201D; means an appraisal of the Mortgaged
Property addressed to the Agent, in form and content acceptable to
the Agent, in its sole discretion, and conducted and prepared by an
appraiser acceptable to the Agent. Each such Appraisal shall comply
with all appraisal requirements of the Agent and any Governmental
Authority and shall reflect a fair market value for the Mortgaged
Property.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Approved
Expenditures</font><font style="color: #000000">&#x201D; means
expenditures to be incurred by Borrower or any Obligor in
connection with the development of the Goodland Project or the
Riverbank Project, in each case, satisfactory to the Agent in its
sole discretion.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">&#x201C;</font><font style="font-weight: bold; color: #000000; font-size: 13px">Bill of
Sale</font><font style="color: #000000; font-size: 13px">&#x201D;
means that certain Sherriff&#x2019;s Bill of Sale pursuant to which
title to such personal property located on the Mortgaged Property,
and intangible property related thereto, is conveyed to the
Borrower issued by the Sherriff of Sherman County, Kansas pursuant
to the Order Confirming the Sale.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Borrower</font><font style="color: #000000">&#x201D; has the meaning ascribed thereto in the
preamble hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Business Day</font><font style="color: #000000">&#x201D; means a day other than a Saturday, Sunday
or other day on which banking institutions in the cities of New
York, New York and Toronto, Ontario are authorized or obligated by
law or executive order to close.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Capital
Expenditures</font><font style="color: #000000">&#x201D; means, with
respect to any Person for any period, any expenditure in respect of
the purchase or other acquisition of any fixed or capital asset.
For purposes of this definition, the purchase price of equipment
that is purchased, in a transaction permitted hereunder,
substantially concurrently with the trade-in of existing equipment
or with insurance proceeds shall be included in Capital
Expenditures only to the extent of the gross amount by which such
purchase price exceeds the credit granted by the seller of such
equipment for the equipment being traded in at such time, the
proceeds of such asset sale or the amount of such insurance
proceeds, as the case may be.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Capital
Stock</font><font style="color: #000000">&#x201D; means, with
respect to any Person, (a) any and all of the shares, interests,
rights, participations or other equivalents (however designated) of
capital stock of (or other ownership or profit interests in) such
Person, (b) any and all of the warrants, options or other rights
for the purchase or acquisition from such Person of shares of
capital stock of (or other ownership or profit interests in) such
Person, and (c) all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or
profit interests in) such Person or warrants, rights or options for
the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit
interests in such Person (including partnership, member or trust
interests therein), in the case of clauses (a) through (c) above,
whether voting or nonvoting, and whether or not such shares,
participations, warrants, options, rights or other interests are
outstanding on any date of determination.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Cash
Equivalents</font><font style="color: #000000">&#x201D; means
(a)&#xA0;marketable direct obligations issued or unconditionally
guaranteed by the United States or any agency or any State thereof
having maturities of not more than one (1) year from the date of
acquisition; (b)&#xA0;commercial paper maturing no more than one
(1) year after its creation and having the highest rating from
either Standard &amp; Poor&#x2019;s Ratings Group or Moody&#x2019;s
Investors Service, Inc.; (c) certificates of deposit issued by any
bank with assets of at least $500,000,000 maturing no more than one
year from the date of investment therein; and (d) money market
funds at least ninety-five percent (95%) of the assets of which
constitute Cash Equivalents of the kinds described in clauses (a)
through (c) of this definition.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Change of
Control</font><font style="color: #000000">&#x201D; means (a) a
situation or event, other than one arising as a result of the
exercise of the Warrant by Agent, by which (i) prior to the
exercise of the Aemetis Option, the Equityholder is not, directly
or indirectly, the legal and beneficial holder of 100% of the
Capital Stock of the Borrower and (ii) following the exercise of
the Aemetis Option, the Parent is not, directly or indirectly, the
legal and beneficial holder of 100% of the Capital Stock of the
Borrower (excluding, in each case, the Agent&#x2019;s acquisition of
Capital Stock of the Borrower in accordance with the terms of the
Warrant), (b) following the exercise of the Aemetis Option, Eric
McAfee ceases to be (i) the owner, directly or indirectly, of at
least one million shares of the Capital Stock of the Parent, (ii)
the sole director of the Borrower, and (iii) and the senior officer
of the Borrower, (c) the Borrower&#x2019;s equity owners approve any
plan or proposal for the liquidation or dissolution of the
Borrower, (d) the sale of all or substantially all of the assets of
the Borrower, including, without limitation, the sale of the
Mortgaged Property and/or the Goodland Project, and (e) the
execution by the Borrower or any of its Affiliates of any
agreement, letter of intent, commitment, arrangement or
understanding with respect to any proposed transaction or event or
series of transactions or events that, individually or in the
aggregate, may reasonably be expected to result in any of the
events in clauses (a) through (d) above.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Closing Date</font><font style="color: #000000">&#x201D; means July 10, 2017.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Collateral</font><font style="color: #000000">&#x201D; means all Property of the Borrower and the
Guarantors, together with all of the &#x201C;Collateral&#x201D;,
&#x201C;Mortgaged Property&#x201D; and &#x201C;Secured Property&#x201D;
referred to in, and all other Property described in, any Security
Documents as security for any Note Indebtedness and all other
Property that now or hereafter secures (or is intended to or
purports to secure) any Note Indebtedness.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Control</font><font style="color: #000000">&#x201D; means the possession, directly or
indirectly, of the power to direct or cause the direction of the
management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise.
&#x201C;Controlling&#x201D; and &#x201C;Controlled&#x201D; have
meanings correlative thereto.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Default</font><font style="color: #000000">&#x201D; means any of the events or conditions
specified in Section 6, whether or not any requirement for the
giving of notice, the lapse of time, or both, has been
satisfied.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Default Rate</font><font style="color: #000000">&#x201D; means a rate of interest per annum equal
to the Interest Rate</font> <font style="text-decoration: underline; color: #000000">plus</font>
<font style="color: #000000">six percent (6%) per
annum.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Designated
Jurisdiction</font><font style="color: #000000">&#x201D; means any
country or territory to the extent that such country or territory
itself is the subject of any comprehensive territorial
Sanctions.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Disclosed
Substances</font><font style="color: #000000">&#x201D; shall mean
any and all Hazardous Materials that are required by or created
during the production of advanced fuels and its associated cleaning
processes.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Distributions</font><font style="color: #000000">&#x201D;
means (a) any declaration or payment of a distribution, interest or
dividend on or with respect to any Capital Stock of any Person
(whether in cash, securities or other Property), (b) any
payment-in-kind or other form of payment of money on or with
respect to any Capital Stock of any Person; (c) any distribution,
advance or repayment of Indebtedness to a holder of Capital Stock
of any Person; or (d) any payment or other distribution (whether in
cash, securities or other Property), including any sinking fund or
similar deposit, on account of the purchase, redemption,
retirement, acquisition, cancellation or termination of any Capital
Stock of any Person, or on account of any return of capital to the
stockholders, partners or members of any
Person.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Dollars</font><font style="color: #000000">&#x201D; and &#x201C;</font><font style="font-weight: bold; color: #000000">$</font><font style="color: #000000">&#x201D; mean lawful money of the United States of
America.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Drawdown</font><font style="color: #000000">&#x201D; means a Revolving Advance to be made
pursuant to Article 2.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Drawdown
Date</font><font style="color: #000000">&#x201D; means the date
(being a Business Day) on which a Revolving Advance is
made.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">EB-5 Program</font><font style="color: #000000">&#x201D; means the EB-5 program administered by the
U.S. Citizenship and Immigration Services, U.S. Department of
Homeland Security.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">EB-5 Program
Issuance</font><font style="color: #000000">&#x201D; means an
offering by an Obligor or any of their Affiliates under the EB-5
Program in connection with, or related to, or to fund the Goodland
Project.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#xA0;&#x201C;</font><font style="font-weight: bold; color: #000000">Equityholder</font><font style="color: #000000">&#x201D; means Michael Peterson, an
individual.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">ERISA</font><font style="color: #000000">&#x201D; means the Employee Retirement Income
Security Act of 1974, as amended, and the regulations
thereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Event of
Default</font><font style="color: #000000">&#x201D; has the meaning
specified in Section 6.1 hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Exchange Act</font><font style="color: #000000">&#x201D; means the Securities Exchange Act of 1934,
as amended.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="font-weight: bold">FATCA</font>" means Sections 1471 through 1474
of the Internal Revenue Code, as in effect on the date hereof (or
any amended or successor version that is substantively comparable
and not materially more onerous to comply with), any current or
future regulations or official interpretations thereof and any
agreements entered into pursuant to Section 1471(b)(1) of the
Internal Revenue Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Fee Letter</font><font style="color: #000000">&#x201D; means the fee letter agreement between the
Agent and the Borrower dated as of the Closing
Date.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#xA0;&#x201C;</font><font style="font-weight: bold; color: #000000">GAAP</font><font style="color: #000000">&#x201D; means generally accepted accounting
principles set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified
Public Accountants and statements and pronouncements of the
Financial Accounting Standards Board or in such other statements by
such other Person as may be approved by a significant segment of
the accounting profession in the United States, which are
applicable to the circumstances as of the date of
determination.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">General Security
Agreement</font><font style="color: #000000">&#x201D; means each
general security agreement executed by an Obligor in favor of the
Agent granting a first priority Lien to the Agent, for the benefit
of the Noteholders, to secure the Note
Indebtedness.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Goodland Project</font>&#x201D; shall mean the
construction, building, ownership, operation and maintenance of an
ethanol production facility located at 200 Energy Park Drive in
Goodland, Kansas to be acquired by the Borrower on the Closing Date
pursuant to the Purchase Documents.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Governmental
Authority</font><font style="color: #000000">&#x201D; means any
nation or government, any state, province, territory or other
political subdivision thereof (whether federal, state, local or
otherwise), any agency, authority, instrumentality, regulatory
body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers
or functions of or pertaining to government (including any
supra-national bodies), any securities exchange and any
self-regulatory organization.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Guaranty</font><font style="color: #000000">&#x201D; means that certain Limited Guaranty, dated
as of the Closing Date, by the Parent and AAPK in favor of the
Agent, that guarantees the Note Indebtedness other than the Term
Loan (unless and until the recourse pursuant to such Limited
Guaranty becomes unlimited pursuant to the terms
thereof).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#xA0;&#x201C;</font><font style="font-weight: bold; color: #000000">Guarantor</font><font style="color: #000000">&#x201D; means the Parent, AAPK and any other
Person who guarantees payment or performance of any of the Note
Indebtedness.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Indebtedness</font><font style="color: #000000">&#x201D; means, as to any Person at a particular
time, without duplication, all of the following, whether or not
included as indebtedness or liabilities in accordance with
GAAP:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">all
obligations of such Person for borrowed money and all obligations
of such Person evidenced by bonds, debentures, notes, loan
agreements or other similar instruments;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">the
maximum amount of all obligations of such Person in respect of
letters of credit (including standby and commercial),
bankers&#x2019; acceptances, bank guaranties, letters of guaranty,
surety bonds, performance bonds and similar instruments issued or
created by or for the account of such Person, whether such
obligations are contingent or otherwise;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">all
obligations of such Person to pay the deferred purchase price of
property or services (other than (i) trade accounts payable in the
ordinary course of business, (ii) any earn-out or royalty
obligation until such obligation appears in the liabilities section
of the balance sheet of such Person, and (iii) liabilities
associated with any prepayments and deposits);</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">indebtedness
(excluding prepaid interest thereon) secured by (or for which the
holder of such indebtedness has an existing right, contingent or
otherwise, to be secured by) a Lien on property owned or being
purchased by such Person (including indebtedness arising under any
mortgage, industrial revenue bond, industrial development bond and
similar financings), whether or not such indebtedness shall have
been assumed by such Person or is limited in
recourse;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">all
capitalized amounts under capital leases;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">all
obligations of such Person under conditional sale or other title
retention agreements relating to property acquired by such Person;
and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(g)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">all
guarantees by such Person in respect of any Indebtedness of any
other Person.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">For
all purposes hereof, the Indebtedness of any Person shall include
the Indebtedness of any partnership, joint venture or other entity
to the extent such Person is liable therefor as a result of such
Person&#x2019;s ownership interest in or other relationship with
such entity, except to the extent such Indebtedness is expressly
made non-recourse to such Person. The amount of Indebtedness of any
Person for purposes of clause (d) shall be deemed to be equal to
the lesser of (x) the aggregate unpaid amount of such Indebtedness
and (y) the fair market value of the property of such Person that
is encumbered thereby as determined by such Person in good
faith.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Initial Revolving
Advance</font><font style="color: #000000">&#x201D; has the meaning
set forth in Section 2.3(a) hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Intercreditor
Agreements</font><font style="color: #000000">&#x201D; means,
collectively, (a) the Parent Intercreditor Agreement, and (b) any
other intercreditor or subordination agreement setting forth the
relative creditor rights of the Agent and the Noteholders, on the
one hand, and the other creditors party thereto from time to time,
on the other hand, in form and substance satisfactory to the
Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Interest Payment
Date</font><font style="color: #000000">&#x201D; has the meaning
specified in Section 2.5(c) hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Interest
Rate</font><font style="color: #000000">&#x201D; means (a) with
respect to the Term Loan, a rate of interest per annum equal to ten
percent (10%), and (b) with respect to the Revolving Advances, a
rate of interest per annum equal to the greater of (i) Prime Rate
plus 7.75% and (ii) twelve percent (12%).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Internal Revenue
Code</font><font style="color: #000000">&#x201D; means the U.S.
Internal Revenue Code of 1986, as amended from time to time, and
the regulations promulgated and rulings issued
thereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Investment</font><font style="color: #000000">&#x201D; means any beneficial ownership interest in
any Person (including stock, partnership interest or other
securities or other equity interests), and any loan, advance or
capital contribution to any Person, or the acquisition of all or
substantially all of the assets or properties of another
Person.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;<font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Lien</font><font style="color: #000000">&#x201D; as applied to the Property of any Person
means: (a) any mortgage, deed to secure debt, deed of trust, lien,
hypothec, pledge, charge, lease constituting a capital lease
obligation, conditional sale or other title retention agreement (or
other lease having a substantially similar economic effect), or
other security interest, hypothec, privilege, priority, security
title, deposit arrangement or encumbrance of any kind in respect of
any Property of such Person, or upon the income or profits
therefrom, (b) any arrangement, express or implied, under which any
Property of such Person is transferred, sequestered or otherwise
identified for the purpose of subjecting the same to the payment of
Indebtedness or performance of any other obligation in priority to
the payment of the general, unsecured creditors of such Person, (c)
the filing of, or any agreement to give, any financing statement,
publication or registration (or any of its equivalent in any
jurisdiction) in respect of any of the foregoing (including any
such precautionary filings), and (d) any other lien, charge,
privilege, secured claim, title retention, garnishment right,
deemed trust, encumbrance, hypothec, servitude, right-of-way,
easement, privilege, priority or other right affecting Property,
choate or inchoate, arising by any statute, act of law of any
jurisdiction at common law or in equity or by
agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#xA0;&#x201C;</font><font style="font-weight: bold; color: #000000">Loan</font><font style="color: #000000">&#x201D; or &#x201C;</font><font style="font-weight: bold; color: #000000">Loans</font><font style="color: #000000">&#x201D; is the Term Loan, any Revolving Advance,
including the Initial Revolving Advance, and any other extension of
credit by the Agent or Noteholders for the Borrower&#x2019;s
benefit.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Material Adverse
Effect</font><font style="color: #000000">&#x201D; means any
condition or circumstance which has had, or could reasonably be
expected to have, a material adverse effect on (i) the Property,
nature of assets, business, results of operations, prospects,
performance, liabilities or condition (financial or otherwise) of
any Obligor; (ii) the Riverbank Project or Goodland Project, (iii)
the rights or remedies of the Agent or the Noteholders under the
Note Purchase Documents, (iv) the ability of any Obligor to perform
its obligations under the Note Purchase Documents or otherwise in
connection with the Loans, or (v) the validity or enforceability of
any of the Note Purchase Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Maturity
Date</font><font style="color: #000000">&#x201D; means July [__],
2019; provided that the Maturity Date may be extended at the option
of the Borrower for up to two additional one-year periods upon
written notice to the Agent of the Borrower&#x2019;s election to
extend not earlier than 60 days, and not later than 30 days, prior
to July [__], 2019 or July [__], 2020 (as applicable), so long as
at the time of the request for an extension (a) no Default or Event
of Default has occurred and is continuing under any Note Purchase
Document, and (b) the Borrower pays to the Agent for the benefit of
the Noteholders the Renewal Fee (as defined in the Fee Letter) for
such extension.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Mortgage</font><font style="color: #000000">&#x201D; means the Mortgage, dated as of Closing
Date, executed by the Borrower with respect to the Mortgaged
Property to the Agent for the benefit of the Noteholders pursuant
to which Borrower grants a first and prior mortgage to the Agent
for the benefit of the Noteholders, as beneficiary, covering the
Mortgaged Property to secure the Note
Indebtedness.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Mortgaged
Property</font><font style="color: #000000">&#x201D; is as set forth
in the Mortgage.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Mortgaged Property Market
Value</font><font style="color: #000000">&#x201D; means the
&#x201C;as is&#x201D; fair market value of the Mortgaged Property as
determined semi-annually by Natwick Associates or such other
independent valuation expert acceptable to the
Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Noteholders</font><font style="color: #000000">&#x201D; means the Persons listed on the signature
pages hereof as a Noteholder, and shall include all successors and
permitted assigns of such Persons.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Note Purchase
Documents</font><font style="color: #000000">&#x201D; means this
Agreement, the Notes, the Warrant, the Security Documents, the Fee
Letter, and all other documents, promissory notes, instruments and
agreements executed and delivered pursuant to or in connection with
this Agreement, together with any and all extensions, renewals,
amendments and modifications of any of the
foregoing.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Note
Indebtedness</font><font style="color: #000000">&#x201D; means the
unpaid principal of and interest on the Loans and all other
obligations and liabilities of the Obligors to the Agent or to any
Noteholder, whether direct or indirect, absolute or contingent, due
or to become due, or now existing or hereafter incurred, which may
arise under, out of, or in connection with, this Agreement, any
other Note Purchase Document or any other document made, delivered
or given in connection herewith or therewith, whether on account of
principal, interest, reimbursement obligations, fees, indemnities,
costs, expenses (including all fees, charges and disbursements of
counsel to the Agent or to any Noteholder that are required to be
paid by any Obligor pursuant hereto) or otherwise (and including
interest, fees or other amounts accruing after the maturity of the
Loans and interest, fees and other amounts accruing after the
filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to any
Obligor, whether or not a claim for any such post-filing or
post-petition interest, fees or other amount is allowed in such
proceeding).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Notes</font><font style="color: #000000">&#x201D; means the Term Notes and Revolving Notes
issued to the Noteholders.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Obligors</font><font style="color: #000000">&#x201D; means the collective reference to the
Borrower and the Guarantors, and &#x201C;</font><font style="font-weight: bold; color: #000000">Obligor</font><font style="color: #000000">&#x201D; means any one of them.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Order Confirming the
Sale</font><font style="color: #000000">&#x201D; means the Order
Confirming the Sale of Real Property and Personal Property issued
by The Fifteenth Judicial District, District Court, Sherman County,
Kansas in Third Eye Capital Corporation, as Administrative Agent
for certain lenders v. New Goodland Energy Center, LLC, et al (Case
No. 13-CV-18).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Organic
Documents</font><font style="color: #000000">&#x201D; means, with
respect to any Person, its charter, certificate or articles of
incorporation, bylaws, articles of organization, limited liability
agreement, operating agreement, members agreement, shareholders
agreement, partnership agreement, certificate of partnership,
certificate of formation, voting trust agreement, or similar
agreement or instrument governing the formation or operation of
such Person and/or the affairs and conduct of such Person&#x2019;s
business.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Parent</font><font style="color: #000000">&#x201D; means Aemetis, Inc., a Nevada
corporation.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Parent Intercompany
Note</font><font style="color: #000000">&#x201D; means that certain
Revolving Promissory Note, dated as of the Closing Date, by the
Parent payable to the Borrower, as amended from time to the extent
permitted by, and in accordance with, the terms of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Parent Intercreditor
Agreement</font><font style="color: #000000">&#x201D; means the
Intercreditor Agreement dated as of the Closing Date by and between
(i) Third Eye Capital Corporation, in its capacity as agent for the
Noteholders under the terms of that certain Amended and Restated
Note Purchase Agreement dated as of July 6, 2012 by and among
Aemetis Advanced Fuels Keyes, Inc., Keyes Facility Acquisition
Corp., the Parent and the other parties thereto and (ii) the Agent
(in its capacity as agent for the Noteholders under the terms of
this Agreement).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Perfection
Certificate</font><font style="color: #000000">&#x201D; means the
Perfection Certificate of the Borrower and Guarantors delivered to
the Agent on the Closing Date.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Permitted
Indebtedness</font><font style="color: #000000">&#x201D; means: (a)
Borrower&#x2019;s Indebtedness to the Noteholders under this
Agreement and the other Note Purchase Documents; (b) Indebtedness
existing on the Closing Date and shown on the Perfection
Certificate; (c) unsecured Indebtedness to trade creditors incurred
in the ordinary course of business, except for trade payables
overdue by more than 120 days; (d) Indebtedness incurred as a
result of endorsing negotiable instruments received in the ordinary
course of business; (e) Indebtedness consisting of contingent
reimbursement obligations in connection with letters of credit that
are secured by cash or cash equivalents and issued on behalf of the
Borrower or its Subsidiary in an aggregate amount not to exceed
$50,000 at any time outstanding; and (f) extensions, refinancings,
modifications, amendments and restatements of any items of
Permitted Indebtedness (a) through (e) above, provided that the
principal amount thereof is not increased or the terms thereof are
not modified to impose more burdensome terms upon Borrower or its
Subsidiary, as the case may be.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Permitted
Investments</font><font style="color: #000000">&#x201D; means: (a)
Investments (including, without limitation, Subsidiaries) existing
on the Closing Date and shown on the Perfection Certificate; (b)
Investments consisting of Cash Equivalents; (c) Investments
consisting of deposit accounts in which the Agent has a perfected
security interest; (d) Investments by the Borrower in Subsidiaries
not to exceed $25,000 in the aggregate in any fiscal year of the
Borrower; (e) Investments, in an aggregate amount not to exceed
$25,000 in any fiscal year of the Borrower, consisting of travel
advances and employee relocation loans and other employee loans and
advances in the ordinary course of business; (f) Investments
(including debt obligations) received in connection with the
bankruptcy or reorganization of customers or suppliers and in
settlement of delinquent obligations of, and other disputes with,
customers or suppliers arising in the ordinary course of business;
(g) Investments consisting of notes receivable of, or prepaid
royalties and other credit extensions, to customers and suppliers
who are not Affiliates, in the ordinary course of business and (h)
Investments consisting of amounts receivable and credit extensions
under the Revolving Intercompany Note.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Person</font><font style="color: #000000">&#x201D; means an individual, partnership,
corporation (including a business trust), limited liability
company, joint stock company, trust, unincorporated association,
joint venture or other entity, or a Governmental
Authority.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Pledge
Agreement</font><font style="color: #000000">&#x201D; means (a) that
certain Pledge Agreement, dated as of the Closing Date, between the
Equityholder, as Pledgor, and the Agent, relating to a pledge of
100% of the Capital Stock of the Borrower and (b) that certain
Pledge Agreement, dated as of the Closing Date, between Parent as
Pledgor and the Agent, relating to a pledge of 100% of the Capital
Stock of the Borrower effective upon the exercise of the Aemetis
Option.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Pledgor</font><font style="color: #000000">&#x201D; means the Parent or the Equityholder, as
pledgor, under the Pledge Agreement, and/or any other Person that
pledges any Capital Stock of an Obligor from time to time after the
Closing Date to secure any of the Note Indebtedness, in any such
case, unless and until any such Person has been released from such
pledge in accordance with the terms of the Note Purchase
Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">7</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Prime Rate</font><font style="color: #000000">&#x201D; means the per annum rate which Citibank
N.A. publicly announces from time to time to be its prime lending
rate, as in effect from time to time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Property</font><font style="color: #000000">&#x201D; means any interest in any kind of property
or asset, whether real, personal or mixed, movable or immovable,
tangible or intangible, including cash, securities, accounts and
contract rights.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Purchase
Documents</font><font style="color: #000000">&#x201D; means,
collectively, the Bill of Sale, the Sherriff&#x2019;s Deed and any
ancillary agreements related thereto.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Related
Documents</font><font style="color: #000000">&#x201D; means the
Purchase Documents, the Aemetis Option and the Revolving
Intercompany Note.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Related
Parties</font><font style="color: #000000">&#x201D; means, with
respect to any Person, such Person&#x2019;s Affiliates and the
partners, directors, officers, employees, agents, trustees,
administrators, managers, advisors, members, fund managers and
representatives of such Person and of such Person&#x2019;s
Affiliates.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Request for Revolving
Advance</font><font style="color: #000000">&#x201D;</font><font style="font-style: italic; color: #000000">&#xA0;</font><font style="color: #000000">means a notice substantially in the form set out
in</font> <font style="text-decoration: underline; color: #000000">Schedule
1.1(b)</font><font style="color: #000000">, and satisfactory to the
Noteholders.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Requirement of
Law</font><font style="color: #000000">&#x201D; means as to any
Person, its Organic Documents, and any law, treaty, rule or
regulation or determination of an arbitrator or a court or other
Governmental Authority, in each case applicable to or binding upon
such Person or any of its Property or to which such Person or any
of its Property is subject.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Responsible
Officer</font><font style="color: #000000">&#x201D; of the Borrower
means its chief executive officer, president, chief financial
officer and any other principal accounting officer of the
Borrower.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Revolving
Advance</font><font style="color: #000000">&#x201D; and
&#x201C;</font><font style="font-weight: bold; color: #000000">Revolving
Advances</font><font style="color: #000000">&#x201D; means a cash
advance or cash advances under the Revolving Line and includes the
Initial Revolving Advance.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Revolving Intercompany
Note</font><font style="color: #000000">&#x201D; means,
collectively, the Parent Intercompany Note and the AAPK
Intercompany Note.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; color: #000000">Revolving Line</font>&#x201D;
<font style="color: #000000">means a Revolving Advance or Revolving
Advances of up to Ten Million Dollars ($10,000,000.00) of principal
in the aggregate.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Revolving
Line</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #000000">Commitment</font><font style="color: #000000">&#x201D;</font><font style="font-weight: bold; color: #000000">&#xA0;</font><font style="color: #000000">means the principal amount made available by each
Noteholder to the Borrower in respect of Revolving Advances
pursuant to the terms hereof, in an amount up to the principal
amount set forth on</font> <font style="text-decoration: underline; color: #000000">Schedule
1.1(a)</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Revolving</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #000000">Line Commitment
Percentage</font><font style="color: #000000">&#x201D;</font><font style="font-weight: bold; color: #000000">&#xA0;</font><font style="color: #000000">is as set forth on</font> <font style="text-decoration: underline; color: #000000">Schedule
1.1(a)</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Revolving</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #000000">Note</font><font style="color: #000000">&#x201D; has the meaning set forth in Section 2.2
hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Riverbank
Lease</font><font style="color: #000000">&#x201D; means that certain
Lease Agreement relating to the Riverbank Industrial Complex, dated
February 7, 2017, between the City of Riverbank Local Redevelopment
Authority as the landlord, and AAPK as the
tenant.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Riverbank
Project</font><font style="color: #000000">&#x201D; shall mean the
construction, building, ownership, operation and maintenance of an
ethanol production facility located at 5300 Claus Rd, in Riverbank,
California operated by AAPK and its Affiliates.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Riverbank Project
Value</font><font style="color: #000000">&#x201D; means the value of
the Riverbank Project determined on a cash-flow basis as determined
semi-annually by an independent valuation expert acceptable to the
Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">8</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Sanctioned
Entity</font><font style="color: #000000">&#x201D; means any of (a)
a Designated Jurisdiction or a government of a Designated
Jurisdiction, (b) an agency of the government of a Designated
Jurisdiction, (c) an organization directly or indirectly controlled
by a Designated Jurisdiction or its government, (d) a Person
resident in or determined to be resident in a Designated
Jurisdiction, or (e) a Person named as a &#x201C;specially
designated national and blocked person&#x201D; on the most current
list published by OFAC at its official website or any replacement
website or other replacement official publication of such
list.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Sanctions</font><font style="color: #000000">&#x201D; means any international economic sanctions
administered or enforced by the U.S. Department of Treasury&#x2019;s
Office of Foreign Asset Control, the U.S. Department of State, the
U.S. Department of Commerce, the United Nations Security Council,
the European Union or Her Majesty&#x2019;s Treasury or other
relevant sanctions authority.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Security
Documents</font><font style="color: #000000">&#x201D; means the
collective reference to each General Security Agreement, the Pledge
Agreement, each Guaranty, any Intercreditor Agreements, the
Mortgage, and all other mortgages, collateral assignments, security
agreements, pledge agreements, account control agreements or other
agreements, instruments or documents that create, perfect and/or
purports to create or perfect a Lien on any Property of any Person
to secure the Note Indebtedness of any Obligor.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Sherriff&#x2019;s
Deed</font><font style="color: #000000">&#x201D; means that certain
Sherriff&#x2019;s Deed issued by the Sherriff of Sherman County,
Kansas pursuant to the Order Confirming the
Sale.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Subsidiary</font><font style="color: #000000">&#x201D; of a Person means a corporation,
partnership, joint venture, limited liability company or other
business entity of which a majority of the shares of securities or
other interests having ordinary voting power for the election of
directors or other governing body (other than securities or
interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, directly, or
indirectly through one or more intermediaries, or both, by such
Person. Unless otherwise specified, all references herein to a
&#x201C;Subsidiary&#x201D; or to &#x201C;Subsidiaries&#x201D; shall
refer to a Subsidiary or Subsidiaries of the
Borrower.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Survey</font><font style="color: #000000">&#x201D; means a survey of the Mortgaged Property
and improvements, in form and substance acceptable to the Agent in
its sole discretion.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Taxes</font><font style="color: #000000">&#x201D; has the meaning set forth in Section 2.10
hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Term</font><font style="color: #000000">&#x201D; means the period commencing on the Closing
Date and ending on the Maturity Date.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#xA0;&#x201C;</font><font style="font-weight: bold; color: #000000">Term Loan</font><font style="color: #000000">&#x201D; has the meaning set forth in Section 2.1
hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Term Loan
Commitment</font><font style="color: #000000">&#x201D;</font><font style="font-weight: bold; color: #000000">&#xA0;</font><font style="color: #000000">means the principal amount made available by each
Noteholder to the Borrower in respect of the Term Loan pursuant to
the terms hereof, in an amount up to the principal amount set forth
on</font> <font style="text-decoration: underline; color: #000000">Schedule
1.1(a)</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Term Loan Commitment
Percentage</font><font style="color: #000000">&#x201D;</font><font style="font-weight: bold; color: #000000">&#xA0;</font><font style="color: #000000">is as set forth on</font> <font style="text-decoration: underline; color: #000000">Schedule
1.1(a)</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Term Note</font><font style="color: #000000">&#x201D; has the meaning set forth in Section 2.1
hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Title
Company</font><font style="color: #000000">&#x201D; means Chicago
Title Insurance Company.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Title Policy</font><font style="color: #000000">&#x201D; means a mortgagee policy of title
insurance issued by Title Company, on a coinsurance or reinsurance
basis (with direct access endorsement or rights) as required by the
Agent, in an amount acceptable to the Agent, insuring that the
Mortgage constitutes a valid first and prior Lien covering the
Mortgaged Property and improvements subject only to those
exceptions which the Agent may approve in writing and containing
such endorsements as the Agent may require.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">9</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">USDA
Financing</font><font style="color: #000000">&#x201D; means one or
more financings by an Obligor or any of their Affiliates supported
by the U.S. Department of Agriculture, in each case, related to the
Goodland Project.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Warrant</font><font style="color: #000000">&#x201D; means that certain Warrant to Purchase
Common Stock dated as of the Closing Date issued by the Borrower in
favor of the Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.2</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Accounting
Terms.</font> <font style="color: #000000">Where the character or
amount of any asset or liability or item of revenue or expense is
required to be determined, or any consolidation or other accounting
computation is required to be made, for the purpose of this
Agreement, such determination or calculation will, to the extent
applicable and except as otherwise specified herein or as otherwise
agreed in writing by the parties, be made in accordance with GAAP
consistently applied and maintained throughout the period
indicated.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.3</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Terms
Generally.</font> <font style="color: #000000">The definitions of
terms herein shall apply equally to the singular and plural forms
of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter
forms. The words &#x201C;include,&#x201D; &#x201C;includes&#x201D; and
&#x201C;including&#x201D; shall be deemed to be followed by the
phrase &#x201C;without limitation.&#x201D; In the computation of
periods of time from a specified date to a later specified date,
the word &#x201C;from&#x201D; means &#x201C;from and including&#x201D;;
the words &#x201C;to&#x201D; and &#x201C;until&#x201D; each mean
&#x201C;to but excluding&#x201D;; and the word &#x201C;through&#x201D;
means &#x201C;to and including.&#x201D; The word &#x201C;will&#x201D;
shall be construed to have the same meaning and effect as the word
&#x201C;shall.&#x201D; Unless the context requires otherwise (a) any
definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on
such amendments, supplements or modifications set forth herein),
(b) any reference herein to any Person shall be construed to
include such Person&#x2019;s successors and assigns, (c) the words
&#x201C;herein,&#x201D; &#x201C;hereof&#x201D; and
&#x201C;hereunder,&#x201D; and words of similar import, shall be
construed to refer to this Agreement in its entirety and not to any
particular provision hereof, (d) all references herein to Sections
and Schedules shall be construed to refer to Sections of, and
Schedules to, this Agreement, (e) any reference to any law shall
include all statutory and regulatory provisions consolidating,
amending, replacing or interpreting such law and any reference to
any law or regulation shall, unless otherwise specified, refer to
such law, statute or regulation as amended, modified or
supplemented from time to time and (f) the words
&#x201C;asset&#x201D; and &#x201C;property&#x201D; shall be construed
to have the same meaning and effect as the defined term
&#x201C;Property.&#x201D;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.4</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Times
of Day</font><font style="color: #000000">. Unless otherwise
specified, all references herein or in any other Note Purchase
Document to times of day shall be references to Toronto, Ontario
time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">SECTION 2.</font>&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">TERMS OF LOANS AND
REPAYMENT</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.1</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Term
Loan.</font>&#xA0; <font style="color: #000000">Subject to the
terms and conditions of this Agreement, and relying on each of the
representations and warranties set forth in each of the Note
Purchase Documents, the Noteholders agree, individually as joint
obligors, and not as joint and several obligors, to make a single
term loan (the &#x201C;</font><font style="font-weight: bold; color: #000000">Term Loan</font><font style="color: #000000">&#x201D;) to the Borrower on the Closing Date in an
aggregate amount of Fifteen Million Dollars ($15,000,000) according
to each Noteholder&#x2019;s Term Loan Commitment and such
Indebtedness shall be evidenced by secured promissory notes issued
to each Noteholder (each, a &#x201C;</font><font style="font-weight: bold; color: #000000">Term Note</font><font style="color: #000000">&#x201D;). After repayment, the Term Loan may not
be re-borrowed.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.2</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Revolving
Line</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Availability</font><font style="color: #000000">.
Subject to the terms and conditions of this Agreement, and relying
on each of the representations and warranties set forth in each of
the Note Purchase Documents, the Noteholders agree, individually as
joint obligors, and not as joint and several obligors, to lend to
Borrower from time to time prior to the Maturity Date, according to
each Noteholder&#x2019;s pro rata share of the Revolving Line (based
upon the respective Revolving Line Commitment Percentage of each
Noteholder), Revolving Advances not to exceed the Revolving Line
and such Indebtedness shall be evidenced by secured promissory
notes issued to each Noteholder (each, a &#x201C;</font><font style="font-weight: bold; color: #000000">Revolving
Note</font><font style="color: #000000">&#x201D;). Amounts borrowed
under the Revolving Line may be repaid and, prior to the Maturity
Date, re-borrowed, subject to the applicable terms and conditions
of this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Termination;
Repayment</font><font style="color: #000000">. The Revolving Line
terminates on the Maturity Date and the principal amount of all
Revolving Advances, the unpaid interest thereon, and all other Note
Indebtedness relating to the Revolving Line shall be immediately
due and payable.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Overadvances</font><font style="color: #000000">.
If, at any time, the outstanding principal amount of the Revolving
Advances exceeds the Revolving Line, the Borrower shall immediately
pay to the Agent for the ratable benefit of the Noteholders the
amount of such excess (such excess, the &#x201C;</font><font style="font-weight: bold; color: #000000">Overadvance</font><font style="color: #000000">&#x201D;). Without limiting the Borrower&#x2019;s
obligation to repay to the Agent any Overadvance, the Borrower
agrees to pay to the Agent for the ratable benefit of the
Noteholders interest on the outstanding amount of any Overadvance,
on demand, at the Default Rate.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Ref364428986"><!--anchor--></a><font style="color: #000000">2.3</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Revolving
Advances</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Borrower shall provide Agent with a Request for Revolving Advance
not later than 2:00 p.m., Toronto time, at least seven (7) Business
Days before the date of the proposed Drawdown, unless otherwise
agreed to in advance by the Agent and the Noteholders; provided
that, solely with respect to the Revolving Advances proposed to be
made on the Closing Date (the &#x201C;</font><font style="font-weight: bold; color: #000000">Initial Revolving
Advance</font><font style="color: #000000">&#x201D;), the parties
hereto agree that the related Request for the Initial Revolving
Advance may be made on the Closing Date. Each Drawdown of a
Revolving Advance when made shall be in a minimum amount of
$200,000, plus any increment of $20,000 in excess thereof, unless
otherwise agreed to in advance by the Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Agent will be entitled to, and is hereby authorized and directed by
the Borrower to, retain from the proceeds of all Revolving Advances
such interest, fees, costs, expenses or other amounts due under the
Note Purchase Documents to the Agent and the Noteholders (including
any and all charges, outside counsel&#x2019;s fees, other fees, etc.
incurred by the Agent and the Noteholders) and unpaid by the
Borrower on the date that a Revolving Advance is made.
Notwithstanding any such retention of fees or other amounts owing
to the Agent and the Noteholders, the Borrower will be deemed in
each case to have received a Revolving Advance in the amount so
made available by the Agent and without regard to the retention by
the Agent for such interest, fees, costs, expenses or other
amounts.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">On
or prior to the Closing Date, and thereafter prior to any change
with respect to any of the information contained in the following
clauses (i) and (ii), the Borrower shall deliver to the Agent a
writing setting forth (i) the account(s) to which the Agent is
authorized to transfer the proceeds of the Revolving Advances
requested by the Borrower, which account or accounts shall be
satisfactory to the Agent, and (ii)&#xA0;the names of its
Responsible Officers authorized to submit Requests for Revolving
Advances, and shall provide the Agent with a specimen signature of
each such officer. The Agent shall be entitled to rely conclusively
on such officer&#x2019;s authority to submit Requests for Revolving
Advances on behalf of the Borrower, the proceeds of which are to be
transferred to any of the accounts specified by the Borrower
pursuant to the immediately preceding sentence, until the Agent
receives written notice to the contrary. The Agent shall have no
duty to verify the identity of any individual representing himself
as one of the officers authorized by the Borrower to make such
requests on its behalf.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Agent shall not incur any liability to the Borrower as a result of
acting upon any notice referred to in this Section 2.3, which
notice the Agent believes in good faith to have been given by an
officer duly authorized by the Borrower to request Revolving
Advances on its behalf or for otherwise acting in good faith under
this Section&#xA0;2.3, and the crediting of Revolving Advances to
the Borrower&#x2019;s deposit account, or transmittal to such Person
as the Borrower shall direct (including, without limitation,
pursuant to Section 2.3(c)), shall conclusively establish the
obligation of the Borrower to repay such Revolving Advances as
provided herein.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Except
with the consent of the Agent, any Request for Revolving Advance
shall be irrevocable and the Borrower shall be bound to borrow the
funds requested therein in accordance
therewith.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Promptly
after receipt of a Request for Revolving Advance pursuant to
Section&#xA0;2.3(a), the Agent shall notify the Noteholders by
telecopy, electronic mail, telephone or other similar form of
transmission of the requested Revolving Advance. Each Noteholder
shall make the amount of such Noteholder&#x2019;s pro rata share of
the requested Revolving Advance (based upon the Revolving
Commitment Percentage of such Noteholder) available to the Agent in
immediately available funds, to such account of the Agent as the
Agent shall designate, not later than 12:00 p.m. (Toronto time) on
the Drawdown Date applicable thereto. After the Agent&#x2019;s
receipt of the proceeds of such Revolving Advance, the Agent shall
make the proceeds of such Revolving Advance available to the
Borrower on the applicable Drawdown Date by transferring same day
funds equal to the proceeds of such Revolving Advance received by
the Agent to the account or accounts of the Borrower, designated in
writing by the Borrower and acceptable to the
Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.4</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Repayment</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Borrower unconditionally promises to pay to the Agent for the
ratable benefit of each Noteholder, the outstanding principal
amount of the Term Loan and all Revolving Advances, together with
all accrued but then unpaid interest thereon, and all other Note
Indebtedness as and when due in accordance with this Agreement. All
unpaid principal and accrued but unpaid interest with respect to
the Note Indebtedness is due and payable in full on the Maturity
Date. If the Loans are accelerated following the occurrence of an
Event of Default, the Borrower shall immediately pay to the Agent
for the ratable benefit of the Noteholders the outstanding
principal amount of the Term Loan and all Revolving Advances,
together with all accrued but then unpaid interest thereon, and all
other Note Indebtedness.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Borrower shall also be required to, and hereby agrees to, make the
following mandatory prepayments on the Term Loan and any Revolving
Advances: 100% of the net cash proceeds received by the Borrower or
other Obligor or their Affiliates, as applicable from (i) the EB-5
Program Issuance, (ii) any USDA Financing, (iii) any sales of the
Borrower&#x2019;s Capital Stock, (iv) any Indebtedness incurred or
issued by Borrower (that is not permitted by this Agreement), (v)
repayments made to the Borrower under the Revolving Intercompany
Note to the extent such amounts are not immediately re-borrowed in
accordance with the terms of the Revolving Intercompany Note, (vi)
the occurrence of a Change of Control (unless such Change of
Control is caused by the exercise of the Aemetis Option or the
exercise of the Warrant), (vii) the receipt of any tax refund,
reimbursement or other payment from any Governmental Authority, and
(viii) any sale, royalty agreement or other disposition of assets
by the Borrower outside of the ordinary course of business or
pursuant to a transaction that is not permitted pursuant to this
Agreement (including as a result of any condemnation, casualty or
similar event) (other than dispositions to another Obligor, to the
extent permitted hereby); provided that, in the case of this
subclause (ix), the Agent (at the Borrower&#x2019;s request) may in
its sole discretion authorize the Obligors to reinvest all or a
portion of such proceeds, and any such reinvestment shall be
permitted on the terms and conditions set forth by the Agent so
long as no Default or Event of Default occurs.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#xA0;(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Under
this Agreement, amounts repaid or prepaid by the Borrower in
respect of the Term Loan may not be
re-borrowed.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.5</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Interest</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
outstanding principal of the Loans and all other Note Indebtedness
(including, to the extent permitted by law, on interest thereon not
paid when due) from the date made or incurred until indefeasibly
paid in full in cash shall bear interest at a per annum rate equal
to the Interest Rate, but not to exceed the Maximum Interest Rate
described in Section 2.11 hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">If
an Event of Default shall have occurred and be continuing, all
outstanding principal of and, to the fullest extent permitted by
law, all past due interest on the Loans and any other Note
Indebtedness owing under the Note Purchase Documents shall bear
interest at a rate per annum equal to the Default Rate. Interest
payable at the Default Rate shall be payable from time to time on
demand.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Commencing
on August 1, 2017 and on the first Business Day of each calendar
month thereafter (each such date, an &#x201C;</font><font style="font-weight: bold; color: #000000">Interest Payment
Date</font><font style="color: #000000">&#x201D;), Borrower shall
make monthly payments of interest, in arrears for the preceding
calendar month (or from the Closing Date in the case of the
interest payment due on July 1, 2017); provided, however, that
interest accruing on the Term Loan for the first eighteen (18)
Interest Payment Dates following the Closing Date shall have been
paid in advance in accordance with Section
3.1(q).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.6</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Prepayments
and Voluntary Termination.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold">Voluntary
Prepayments of the Loans</font>. At any time after December 31,
2017, t<font style="color: #000000">he Borrower may, upon written
notice to Agent, prepay any Loan in whole or in part without
premium or penalty, but with accrued and unpaid interest to the
date of such prepayment on the amount prepaid. Any notice of
optional prepayment for the Term Loan is irrevocable and shall be
effective only if received by the Agent by 3:00 p.m. (Toronto time)
on the date that is at least ninety (90) days prior to the proposed
prepayment, unless otherwise agreed to in advance by the Agent. Any
notice of optional prepayment shall specify the amount to be
prepaid and the date of prepayment.</font> Notwithstanding the
foregoing, any optional prepayment of a Revolving Advance may be
made at any time without written notice.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold">Voluntary
Termination or Commitments</font>. At any time after December 31,
2017, the Borrower may, upon written notice to Agent, terminate the
Revolving Line Commitments and prepay all outstanding Note
Indebtedness. <font style="color: #000000">Any notice of
termination is irrevocable and shall be effective only if received
by the Agent by 3:00 p.m. (Toronto time) on the date that is ninety
(90) days prior to the proposed termination, unless otherwise
agreed to in advance by the Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.7</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Increased
Costs.</font> <font style="color: #000000">If, due to either
(i)&#xA0;the introduction of or any change (including, without
limitation, any change by way of imposition or increase of reserve
requirements but excluding the imposition of, or any change in the
rate of, any income tax payable by the Agent or any Noteholder) in
or in the interpretation of any law or regulation or (ii)&#xA0;the
compliance by the Agent or any Noteholder with any guideline or
request from any central bank or other Governmental Authority
(whether or not having the force of law), there shall be any
increase in the cost to the Agent of funding or maintaining the
Loans, then the Borrower shall from time to time, upon demand by
the Agent, pay to the Agent and/or the Noteholders additional
amounts sufficient to indemnify the Agent and the Noteholders
against such increased cost. A certificate signed by a Responsible
Officer of Borrower as to the amount of such increased cost along
with the reasons behind the increased cost, submitted to the
Borrower by the Agent, shall be conclusive and binding for all
purposes, absent manifest error.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.8</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Illegality</font><font style="color: #000000">.
Notwithstanding any other provision of this Agreement, if, in the
reasonable opinion of the Agent, it becomes unlawful for a
Noteholder to make or maintain the Loans, then such Noteholder will
promptly so notify the Borrower and the other Noteholders and the
Borrower will promptly prepay the Loans due such Noteholder in full
together with accrued interest thereon and all other amounts then
due to such Noteholder and such Noteholder will have no further
obligation to make or maintain the Loans.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.9</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Payments
and Computations.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Borrower shall make each payment hereunder not later than 3:00 p.m.
(Toronto, Ontario time) on the day when due in Dollars to the Agent
at its address referred to in Section 8.2 or at such other location
as may be specified by the Agent to the Borrower, in immediately
available funds without setoff, compensation, counterclaim,
recoupment or other defense. Any payments received after 3:00 p.m.
(Toronto time) will be considered for all purposes as having been
made on the next following Business Day.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Agent will maintain in accordance with its customary practice one
or more account registers evidencing the Note Indebtedness of the
Obligors to the Agent and Noteholders hereunder. Such account
register(s) will be prima facie evidence of the Note Indebtedness
recorded therein (absent manifest error); provided that any failure
by the Agent or a Noteholder to maintain any account or any error
therein shall not affect the obligation of the Obligors to repay
the Note Indebtedness to the Agent and the Noteholders in
accordance with this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">13</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Each
determination of a rate of interest or fee by the Agent will be
conclusive evidence of such rate or fee in the absence of manifest
error. Interest and fees will be calculated on the basis of a year
of 365 days for the actual number of days (including the first day
but excluding the last day) elapsed in the period for which such
interest or fees are payable. For the purposes of disclosure by the
Agent or any Noteholder if required by or otherwise pursuant to the
laws of the State of New York or other applicable law, and not for
any other purpose, where in this Agreement, a rate is to be
calculated on the basis of a year of 365 days, the yearly rate to
which the 365-day rate is equivalent is such rate multiplied by the
number of days in the year for which such calculation is made and
divided by 365.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Whenever
any payment hereunder shall be stated to be due on a day other than
a Business Day, such payment shall be made on the next succeeding
Business Day, and such extension of time shall in such case be
included in the computation of payment of
interest.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.10</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Taxes</font><font style="color: #000000">.
The Borrower agrees that all payments to be made by it under this
Agreement and the other Note Purchase Documents shall be made
without setoff, compensation or counterclaim and free and clear of,
and without deduction for, any taxes, levies, imposts, duties,
charges, fees, deductions, withholdings or restrictions or
conditions of any nature whatsoever now or hereafter imposed,
levied, collected, withheld or assessed by any country or by any
political subdivision or taxing authority thereof or therein
(&#x201C;</font><font style="font-weight: bold; color: #000000">Taxes</font><font style="color: #000000">&#x201D;), in any such case, to the extent
permitted by applicable law. If any Taxes are required to be
withheld by the Borrower or the Agent from any amounts payable
hereunder, the amounts so payable to the Agent or any Noteholder
shall be increased to the extent necessary to yield to the Agent
and the Noteholders (after payment of all Taxes) the amounts
payable hereunder in the full amounts so to be paid. Whenever any
Tax is paid by an Obligor, as promptly as possible thereafter, the
Borrower shall send the Agent an official receipt showing payment
thereof, together with such additional documentary evidence as may
be required from time to time by the Agent.</font> If a payment
made to a Noteholder under any Note Purchase Document would be
subject to U.S. federal withholding Tax imposed by FATCA if such
Noteholder were to fail to comply with the applicable reporting
requirements of FATCA (including those contained in
Section&#xA0;1471(b) or 1472(b) of the Internal Revenue Code, as
applicable), such Noteholder shall deliver to the Borrower and the
Agent at the time or times prescribed by law and at such time or
times reasonably requested by the Borrower or the Agent such
documentation prescribed by applicable law (including as prescribed
by Section&#xA0;1471(b)(3)(C)(i) of the Internal Revenue Code) and
such additional documentation reasonably requested by the Borrower
or the Agent as may be necessary for the Borrower and the Agent to
comply with their obligations under FATCA and to determine that
such Noteholder has complied with such Noteholder&#x2019;s
obligations under FATCA or to determine the amount to deduct and
withhold from such payment.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.11</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Maximum
Interest Rate</font><font style="color: #000000">. Notwithstanding
anything to the contrary contained in any Note Purchase Document,
the interest (including interest, if any, at the Default Rate) paid
or agreed to be paid under the Note Purchase Documents shall not
exceed the maximum rate of non-usurious interest permitted by
applicable law (the &#x201C;</font><font style="font-weight: bold; color: #000000">Maximum Rate</font><font style="color: #000000">&#x201D;). If the Agent or any Noteholder shall
receive interest in an amount that exceeds the Maximum Rate, the
excess interest shall be applied to the principal of the Loans or,
if it exceeds such unpaid principal, refunded to the Borrower. In
determining whether the interest contracted for, charged, or
received by the Agent or a Noteholder exceeds the Maximum Rate,
such Person may, to the extent permitted by applicable law, (a)
characterize any payment that is not principal as an expense, fee,
or premium rather than interest, (b) exclude voluntary prepayments
and the effects thereof, and (c) amortize, prorate, allocate, and
spread in equal or unequal parts the total amount of interest
throughout the contemplated term of the Note Indebtedness
hereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.12</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Application
of Payments</font><font style="color: #000000">.</font>&#xA0;&#xA0;
<font style="color: #000000">Prior to the occurrence of an Event of
Default, all amounts received by the Agent or the Noteholders from
the Borrower or any Guarantor in respect of the Loans shall be
applied</font> <font style="font-style: italic; color: #000000">pro
tanto</font> <font style="color: #000000">to the Note Indebtedness
as follows: first, to pay any fees, indemnities or expense
reimbursements then due to the Agent and the Noteholders under the
Note Purchase Documents, until indefeasibly paid in full in cash,
second, to pay interest due in respect of all Loans, third, to pay
or prepay the principal amount of the Term Loan, fourth, to pay or
prepay the principal amount of the Revolving Line, fifth, to pay or
prepay any other outstanding Note Indebtedness until indefeasibly
paid in full in cash. Upon the occurrence and during the
continuance of an Event of Default, all amounts received by the
Agent or the Noteholders from the Borrower or any Guarantor or any
other Person shall be applied</font> <font style="font-style: italic; color: #000000">pro tanto</font> <font style="color: #000000">to the Note Indebtedness in such manner as the
Agent shall determine in its sole discretion.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">14</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.13</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Fee
Letter.</font>&#xA0; <font style="color: #000000">The</font><font style="font-weight: bold; color: #000000">&#xA0;</font><font style="color: #000000">Borrower agrees to pay to the Agent, for itself or
for and on behalf of the Noteholders, as applicable, the fees
described in the Fee Letter. All such fees may be withheld from,
and payable from, the proceeds of the Loans, including on the
Closing Date in connection with those fees then
due.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.14</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Costs
and Expenses</font><font style="color: #000000">.</font>
<font style="color: #000000">The Borrower agrees to pay to the
Agent all reasonable fees, charges, and expenses relating to or in
connection with (a) the Credit Facility, (b) the administration,
amendment, modification or waiver of the Credit Facility (or any
proposed amendment, modification or waiver), and (c) the
enforcement (whether through negotiations, legal proceedings or
otherwise) of the Note Purchase Documents and any other instruments
and documents delivered in connection herewith, and, in each case,
shall reimburse the Agent, irrespective of whether any Notes are
issued or purchased, for such reasonable fees, charges and
expenses, including without limitation, filing fees, taxes, lien
and judgment search fees, due diligence expenses, collateral exam
and inspection expenses, bank fees, and outside examiner, auditor,
appraiser, valuation, and legal fees and expenses, including any
reasonable per diem charges for Agent or third-party personnel, as
applicable.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
SECTION 3.</font> <font style="color: #000000">CONDITIONS OF
LOANS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">3.1</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Conditions
Precedent to Initial Loans</font><font style="color: #000000">.
Each Noteholder&#x2019;s obligation to make its portion of the Loans
at the Closing Date is subject to the condition precedent that
Agent and each Noteholder shall consent to or shall have received,
in form and substance satisfactory to Agent and each Noteholder,
such documents, and completion of such other matters prior to the
Closing Date, as Agent and each Noteholder may deem necessary or
appropriate, including, without limitation:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">each
of the Agent and the Noteholders shall have completed a due
diligence investigation to its satisfaction;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">original
Note Purchase Documents, each duly executed by the Borrower and
other parties thereto;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">duly
executed original Notes in favor of each Noteholder according to
such Noteholder&#x2019;s Term Loan Commitment Percentage and
Revolving Line Commitment Percentage;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">the Organic Documents and good
standing certificates of the Borrower certified by the Secretary of
State (or equivalent agency) of the Borrower&#x2019;s jurisdiction
of organization and each jurisdiction in which the Borrower is
qualified to conduct business, each as of a date no earlier than 30
days prior to the Closing Date;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">UCC
financing statements reflecting the Obligors, as debtors, and
Agent, as a secured party, which are required to grant a Lien which
secures the Note Indebtedness and covering such Collateral as
Administrative Agent may request;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">the
Perfection Certificates, duly executed by the
Obligors;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(g)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">original
Revolving Intercompany Notes and executed copies of the other
Related Documents, in each case, acceptable to the Agent in its
sole discretion;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(h)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">the
Title Policy (or the Title Company&#x2019;s unconditional commitment
to issue the Title Policy upon recordation of the Mortgage),
including the recordation of the Sherriff&#x2019;s Deed with the
Sherman County Register of Deeds, and a Survey with respect to the
Mortgaged Property;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">an
Appraisal covering the Mortgaged Property;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">15</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(j)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">evidence
that the Mortgaged Property is not located within any designated
flood plain or special flood hazard area or, in lieu thereof,
evidence that the Borrower has applied for and received flood
insurance covering the Mortgaged Property in an amount acceptable
to the Agent;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(k)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">evidence
that all applicable zoning ordinances and restrictive covenants
affecting the Mortgaged Property permit the use for which the
Mortgaged Property&#x2019;s improvements with respect to the
Goodland Project are intended and have been or will be complied
with in all respects;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(l)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; &#xA0; <font style="color: #000000">a duly executed original
officer&#x2019;s certificate for the Borrower and each
Guarantor;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(m)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">certified
copies, dated as of date no earlier than 30 days prior to the
Closing Date, of financing statement searches completed by the
Borrower, as the Agent shall request, accompanied by written
evidence (including any UCC termination statements) that the Liens
indicated in any such financing statements either constitute Liens
permitted by the Note Purchase Documents or have been or, in
connection with the initial Loans, will be terminated or
released;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(n)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">duly
executed legal opinions of counsel to the Borrower dated as of the
Closing Date;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(o)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">subject
to Section 5.1(p)(i), evidence that the insurance policies required
by the Note Purchase Documents are in full force and effect,
together with appropriate evidence showing loss payable and/or
additional insured clauses or endorsements in favor of the Agent
for the benefit of the Noteholders;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(p)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">a
Request for an Initial Revolving Advance in an amount of not less
than $2,250,000 to fund (i) the prepayment of interest on the Term
Loan for the first eighteen (18) Interest Payment Dates following
the Closing Date and (ii) fees and expenses associated with the
transactions contemplated by Note Purchase
Documents;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(q)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">a
copy of (i) the Annual Budget for fiscal years 2017 and 2018 and
(ii) a copy of the Annual monthly cash flow budget for each month
prior to the Maturity Date, in each case satisfactory to the Agent
in its sole discretion;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(r)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">payment
of the fees and expenses of the Agent and the Noteholders then due
as specified in the Fee Letter and in Section 2.14
hereof;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(s)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">background
and credit checks on each Obligor and certain of their respective
key personnel, satisfactory to the Agent in its sole
discretion;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(t)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">evidence
that all conditions precedent to the consummation of the
Acquisition have been satisfied or waived and that the Acquisition
will be closed simultaneously with the funding of the Term Loan and
any Revolving Advances related thereto;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(u)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">the
original Sherriff&#x2019;s Deed shall have been recorded with the
Sherman County Register of Deeds and a recorded copy of the
Sherriff&#x2019;s Deed shall have been delivered to Agent;
and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(v)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">the
Agent and the Noteholders shall have received such other documents,
instruments and information as such Person may reasonably
request.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">3.2</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Conditions
Precedent to all Loans</font><font style="color: #000000">. The
obligation of each Noteholder to make each Loan, including the
initial Loans, is subject to the following conditions
precedent:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;receipt
by the Agent and each Noteholder of an executed Request for
Revolving Advance and each Revolving Advance and the use of
proceeds thereof, as indicated in the Request for Revolving
Advance, shall be approved by the Agent in its sole
discretion;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;no
Event of Default shall have occurred and be continuing or result
from the Loan;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">16</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
representations and warranties in Section&#xA0;4 hereof and in the
Note Purchase Documents shall be true, accurate and complete in all
material respects on the date of the Request for Revolving Advance
and on the Drawdown Date of each Revolving Advance; provided,
however, that such materiality qualifier shall not be applicable to
any representations and warranties that already are qualified or
modified by materiality in the text thereof; and provided, further
that those representations and warranties expressly referring to a
specific date shall be true, accurate and complete in all material
respects as of such date. Each Loan is Borrower&#x2019;s or the
Obligor&#x2019;s, as applicable, representation and warranty on that
date that the representations and warranties in Section&#xA0;4
hereof and in the Note Purchase Documents are true, accurate and
complete in all material respects; provided, however, that such
materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or
modified by materiality in the text thereof; and provided, further
that those representations and warranties expressly referring to a
specific date shall be true, accurate and complete in all material
respects as of such date;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;in
such Noteholder&#x2019;s sole discretion, there has not been any
Material Adverse Effect or any materially adverse deviation by
Borrower from the Annual Budget of the Borrower that was previously
presented to and accepted by the Agent;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;after
giving effect to such Loan, the total outstanding Revolving
Advances do not exceed the Revolving Line; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;payment
of the fees and expenses then due as specified in Section&#xA0;2.14
hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">SECTION 4.</font>&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">REPRESENTATIONS AND
WARRANTIES OF THE BORROWER</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Subject
to the disclosures set forth in the disclosure schedule of Borrower
delivered to Agent and Noteholders concurrently with the execution
and delivery of this Agreement (the &#x201C;<font style="font-weight: bold">Disclosure Schedule</font>&#x201D;) (each of
which disclosures, in order to be effective, shall clearly indicate
the Section and, if applicable, the Subsection of this <font style="text-decoration: underline">Section 4</font> to which it relates),
<font style="color: #000000">Borrower represents and warrants to
the Agent as follows:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Borrower
(i) is duly organized, validly existing and in good standing under
the laws of the jurisdiction of its organization, (ii) has the
power and authority, and the legal right, to own and operate its
Property and to conduct the business in which it is currently
engaged, (iii) is duly qualified as a foreign corporation and in
good standing under the laws of each jurisdiction where its
ownership, lease or operation of Property or the conduct of its
business requires such qualification and (iv) is in compliance with
all Requirements of Law in all material
respects.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Borrower
has the power and authority, and the legal right, to make, deliver
and perform the Note Purchase Documents to which it is a party, to
consummate the transactions contemplated thereby and, as the case
may be, to obtain extensions of credit hereunder. Borrower has
taken all necessary organizational action to authorize the
execution, delivery and performance of the Note Purchase Documents
to which it is a party and to authorize the extensions of credit on
the terms and conditions of this Agreement. No consent or
authorization of, filing with, notice to or other act by or in
respect of, any Governmental Authority or any other Person is
required in connection with the extension of credit hereunder or
with the execution, delivery, performance, validity or
enforceability of this Agreement or any of the Note Purchase
Documents. Each Note Purchase Document to which Borrower is a party
has been duly executed and delivered on behalf of Borrower. This
Agreement constitutes, and each other Note Purchase Document upon
execution will constitute, a legal, valid and binding obligation of
the Borrower a party thereto, enforceable against such Borrower in
accordance with its terms, except as enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the enforcement of creditors&#x2019; rights
generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
execution, delivery, and performance by Borrower of this Agreement
and the other Note Purchase Documents to which such Borrower is a
party and compliance with the terms and provisions hereof and
thereof will not (i) violate or conflict with, or result in a
breach of, or require any consent (other than those that have been,
or on the Closing Date will be, duly obtained or made and which
are, or on the Closing Date will be, in full force and effect)
under (A) the Organic Documents of such Borrower, (B) any
Requirement of Law, or (C) any material agreement or instrument to
which such Borrower is a party or by which it or any of its
properties is bound or subject, or (ii) result in the creation or
imposition of any Lien upon any of the revenues or assets of such
Borrower other than the Liens arising under the Note Purchase
Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">17</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">All
factual information taken as a whole (other than forward-looking
information and projections and information of a general economic
nature and general information about the Borrower&#x2019;s industry)
furnished by or on behalf of Borrower in writing to the Agent or
any Noteholder for purposes of or in connection with this Agreement
or any other Note Purchase Document, will be true and accurate in
all material respects, on the date as of which such information is
dated or certified and is not incomplete by omitting to state any
fact necessary to make such information (taken as a whole) not
misleading in any material respect at such time in light of the
circumstances under which such information was provided. The
projections delivered to the Agent represent, the Borrower&#x2019;s
good faith estimate, on the date such projections were/are
delivered, of the Borrower&#x2019;s future performance for the
periods covered thereby based upon assumptions believed by the
Borrower to be reasonable at the time of the delivery thereof to
the Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Schedule
4(e)</font> <font style="color: #000000">hereto is a correct and
complete list of Borrower&#x2019;s head office, registered office
and chief executive office, the location of its books and records
and the locations of its Property. The Borrower enjoys peaceful and
undisturbed possession under all leases material to its business,
if any, and to which it is a party or under which it is operating,
and all such material leases, if any, are valid and subsisting and
no material default by the Borrower exists under any of
them.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">On
the Closing Date, the Borrower shall have acquired the Mortgaged
Property and consummated the other transactions contemplated by the
Purchase Documents in accordance with the terms thereof, without
any waiver or amendment thereto (unless agreed to by the Agent in
its sole discretion).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(g)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Neither
Borrower nor to the knowledge of the Borrower, any of its
respective Affiliates, is (i) in violation of any applicable laws
relating to terrorism or money laundering
(&#x201C;</font><font style="font-weight: bold; color: #000000">Anti-Terrorism
Laws</font><font style="color: #000000">&#x201D;), including, but
not limited to, (x) the Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, Public Law 107-56, (y) the laws, rules and
regulations comprising or implementing the Bank Secrecy Act, (z)
the laws, rules and regulations administered by the United States
Department of the Treasury&#x2019;s Office of Foreign Asset Control
(&#x201C;</font><font style="font-weight: bold; color: #000000">OFAC</font><font style="color: #000000">&#x201D;) (as any of the foregoing laws described
in this Section 4(g) may from time to time be amended, renewed,
extended, or replaced), or (ii) currently a Sanctioned Entity. No
Loan or the proceeds from any Loan has been used by Borrower to
lend, contribute, provide, or has otherwise been made available by
Borrower to fund, any activity or business in any Designated
Jurisdiction or to fund any activity or business of any Sanctioned
Entity, or in any other manner that will result in any violation by
any Noteholder, the Agent or any of their respective Affiliates, of
Sanctions.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(h)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Neither
Borrower nor to the knowledge of the Borrower, any of its
respective Affiliates or any of their respective agents acting in
any capacity in connection with the Loans or other transactions
hereunder (i) conducts any business or engages in making or
receiving any contributions of funds, goods or services to or for
the benefit of any Sanctioned Entity, except to the extent not in
violation of Sanctions or (ii) knowingly engages in or conspires to
knowingly engage in any transaction that evades or avoids, or has
the purpose of evading or avoiding, or attempts to violate, any of
the prohibitions set forth in any applicable Anti-Terrorism
Law.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Borrower
is in compliance in all material respects with the Foreign Corrupt
Practices Act, as amended, and rules and regulations thereunder
(&#x201C;</font><font style="font-weight: bold; color: #000000">FCPA</font><font style="color: #000000">&#x201D;). No part of the proceeds of the Term Loan
or any Revolving Advance will be used directly or indirectly for
any payments to any governmental official or employee, political
party, official of a political party, candidate for political
office, or anyone else acting in an official capacity, in order to
obtain, retain or direct business or obtain any improper advantage,
in violation of the FCPA.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">18</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(j)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">To
Borrower&#x2019;s knowledge, Borrower is not in violation of any
Requirement of Law, including all environmental laws, in any
material respect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(k)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">There
are no actions, suits, litigation or proceedings, at law or in
equity, pending by or against Borrower before any court,
administrative agency, or arbitrator in which a likely adverse
decision could reasonably be expected to have a Material Adverse
Effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(l)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Borrower
has filed all federal and other material tax returns required to be
filed, including all income, franchise, employment, property, and
sales tax returns, and has paid all of their respective federal and
other material taxes, assessments, governmental charges, and other
levies that are due and payable, except to the extent such taxes
are contested in good faith by proper proceedings which stay the
imposition of any penalty, fine or Lien resulting from the
non-payment thereof and with respect to which adequate reserves
have been set aside for the payment thereof. Borrower has no
knowledge of any pending investigation of Borrower by any taxing
authority or of any pending unassessed tax liability (other than
taxes which are not yet due and payable) of any
Obligor.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(m)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Borrower
has rights in or the power to transfer the Collateral, and its
title to the Collateral is free and clear of Liens, adverse claims
and restrictions on transfer or pledge except as permitted under
this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(n)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
proceeds of the Loans shall be used by the Borrower for the
purposes described on Schedule 5.1(i). Borrower is not engaged
principally, or as one of its important activities, in the business
of extending credit for the purpose of purchasing or carrying
margin stock (within the meaning of Regulations T, U, or X of the
Board of Governors of the Federal Reserve System), and no part of
the proceeds of any Loan will be used to purchase or carry any
margin stock or to extend credit to others for the purpose of
purchasing or carrying margin stock.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(o)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Borrower
is not (i) an &#x201C;investment company&#x201D; or a company
&#x201C;controlled&#x201D; by an &#x201C;investment company&#x201D;
within the meaning of the</font> <font style="font-style: italic; color: #000000">Investment Company Act of
1940</font> <font style="color: #000000">or (ii) subject to
regulation under any other federal or state statute, rule or
regulation limiting its ability to incur Indebtedness, pledge its
assets or perform its obligations under the Note Purchase
Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(p)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">All
financial statements related to Borrower that are delivered by such
Borrower to Agent fairly present in all material respects such
Borrower&#x2019;s financial condition as of the date thereof and
such Borrower&#x2019;s results of operations for the period then
ended. There has not been a material adverse change in the
financial condition of Borrower since the date of the most recent
of such financial statements submitted to
Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(q)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
properties of the Borrower are insured with financially sound and
reputable insurance companies which are not Affiliates of the
Borrower, in such amounts, with such deductibles and covering such
risks as are customarily carried by companies engaged in similar
businesses and owning similar properties in localities where the
Borrower operates.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(r)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Borrower
has met the minimum funding requirements of ERISA with respect to
any employee benefit plans subject to ERISA. No event has occurred
resulting from Borrower&#x2019;s failure to comply with ERISA that
is reasonably likely to result in the Borrower incurring any
liability that could reasonably be expected to have a Material
Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(s)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Borrower
is able to pay its debts (including trade debts) as they mature;
the fair saleable value of Borrower&#x2019;s assets (including
goodwill minus disposition costs) exceeds the fair value of its
liabilities; and Borrower will not be left with unreasonably small
capital after the transactions contemplated by this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(t)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
representations and warranties made</font><font style="font-style: italic; color: #000000">&#xA0;</font><font style="color: #000000">in this Section 4 shall survive the execution and
delivery of this Agreement and shall deemed to have been made by
the Borrower on the Closing Date and repeated by the Borrower, in
each case with reference to the facts and circumstances then
existing, on each Interest Payment Date and any subsequent Drawdown
Date.</font></font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">19</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">SECTION 5.</font>&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">COVENANTS OF THE
BORROWER</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">5.1</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Affirmative
Covenants.</font> <font style="color: #000000">So long as any of
the Note Indebtedness shall remain unpaid, the Borrower will unless
the Agent shall otherwise consent in writing, in its sole and
absolute discretion:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Maintenance
of Existence; Compliance</font><font style="color: #000000">. (i)
Preserve, renew and keep in full force and effect its
organizational existence and take all reasonable action to maintain
all rights, privileges and franchises necessary or desirable in the
normal conduct of its business, (ii) comply in all material
respects with all contractual obligations, (iii) comply in all
material respects with all Requirements of Law, and (iv) preserve,
renew and keep in full force and effect all material
contracts.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Payment
of Obligations</font><font style="color: #000000">. Pay, discharge
or otherwise satisfy at maturity or before they become delinquent,
as the case may be, all its material obligations of whatever nature
(including all taxes), except where the amount or validity thereof
is currently being contested in good faith by appropriate
proceedings and reserves in conformity with GAAP with respect
thereto have been provided on the books of the Borrower or its
Subsidiary, as applicable.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Reporting
Requirements</font><font style="color: #000000">. Furnish to the
Agent (i) written notice of the occurrence of any Default or Event
of Default or any other event or circumstance that may constitute a
Material Adverse Effect and (ii) such information with respect to
the condition or operations, financial or otherwise, of the
Obligors as the Agent may from time to time reasonably request,
including, without limitation:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(1)
Annual Reporting: within ninety (90) days following the close of
each fiscal year, i) the Borrower&#x2019;s annual financial
statements, prepared in accordance with GAAP and reviewed by a
recognized firm of qualified accountants acceptable to the Agent
and presenting fairly the financial condition of the Borrower and
any of its Subsidiaries as of the date thereof and for the period
then ended (and including a letter from such accountants), and ii)
a copy of the Capital Expenditure budget of the Borrower and its
Subsidiaries for such following fiscal year;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(2) Quarterly Reporting: within forty-five (45)
days after the close of each fiscal quarter, i) quarterly and
fiscal year-to-date unaudited consolidated financial statements of
the Borrower and its Subsidiaries, including an income statement,
balance sheet, and statement of cash flow, statement of earnings
prepared in accordance with GAAP (subject to the absence of notes
and annual adjustment)</font><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="color: #000000">ii)
updates to the current year&#x2019;s financial projections for each
such remaining fiscal quarters, and (C) updates to the Capital
Expenditure budget for each such remaining fiscal
quarters;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(3) Quarterly Compliance Certificate: forty-five
(45) days after the close of each fiscal quarter, a compliance
certificate, duly executed by a Responsible Officer, demonstrating
compliance with the financial covenants set forth in Section 5.2(l)
and in the form attached hereto as</font> <font style="text-decoration: underline; color: #000000">Schedule 5.1(c)</font>
<font style="color: #000000">or otherwise satisfactory in form and
substance to the Agent;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(4) Annual Budget: As soon as available and in any
event within forty-five (45) days following the commencement of
each fiscal year, the annual business plan of the Borrower and its
Subsidiaries prepared on a consolidated basis, with financial
projections and budgets on an annual basis, in each case consisting
of a balance sheet, statement of income, statement of cash flows,
proposed Capital Expenditures and a list of assumptions upon which
such projections are based (the &#x201C;</font><font style="font-weight: bold; color: #000000">Annual
Budget</font><font style="color: #000000">&#x201D;) for such fiscal
year;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(5)
Annual Budget Updates: As soon as practicable and in any event
within (A) sixty (60) days after each fiscal year and (B) two
hundred and forty (240) days after each fiscal year, updates of the
cash flow projections and budget from the Annual Budget with
projections for the immediately succeeding twelve-month or
six-month period, as applicable, together with a summary of
variances from the applicable projections providing supplementary
detailed schedules and information supplementary to and consistent
with the Annual Budget;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">20</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(6)
Material Internal Reports: Immediately upon receipt by Borrower or
any its Subsidiaries, copies of any reports, including material
internal reports provided to or by its engineers, other employees
or external consultants with respect to the Goodland
Project;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(7)
Insurance and Security: From time to time upon request of the
Agent, and in any event at least annually, evidence of (A) the
maintenance of all insurance required to be maintained pursuant to
this Agreement, including originals or copies as the Agent may
request of policies, certificates of insurance, riders,
endorsements and proof of premium payments, (B) maintenance of
onsite security personal on a 24/7 basis, and (C) the good standing
of all authorizations, permits, licenses, certifications, consents,
registrations and approvals material to Borrower or any
Obligor;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(8)
Shareholder Notices: Copies of all notices, reports and other
documents sent to shareholders and directors of Borrower or any of
its Subsidiaries as the Agent, on behalf of the Noteholders, may
from time to time reasonably request;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;(9)
SEC Reports: Copies of all notices, reports, press releases,
circulars, offering documents and other documents of Borrower or
any of its Subsidiaries filed with, or delivered to, any stock
exchange or securities commission or a similar Governmental
Authority in any applicable jurisdiction;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(10)
SEC Investigations: Promptly, and in any event within seven (7)
days after receipt thereof by any Obligor, or any Subsidiary
thereof, copies of each notice or other correspondence received
from the Securities and Exchange Commission (or comparable agency
in any applicable non-U.S. jurisdiction) concerning any
investigation or possible investigation or other inquiry by such
agency regarding financial or other operational results of any
Obligor or Subsidiary thereof; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(11)
Other Information: Such other information respecting the condition
or operations, financial or otherwise, of the business of Borrower
or any its Subsidiaries, the Collateral, or any Obligor as the
Agent may from time to time require, including appraisals and
valuations of the Mortgaged Property, the Riverbank Project or the
Goodland Project.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Environmental
Issues</font><font style="color: #000000">. (i) Promptly notify
Noteholders of any environmental claim, notice or order against it;
(ii) conduct such environmental audits as may reasonably be
requested by the Agent; and (iii) Borrower shall not, and shall not
permit any lessee or occupant of the Mortgaged Property to, use,
generate, manufacture, store, maintain, dispose of or permit to
exist in, on, under or about the Mortgaged Property any Hazardous
Materials, except for the use, storage and disposal (such use,
storage and disposal to be in all cases in accordance with all
applicable Requirements of Law) of (x) the Disclosed Substances and
(y) de minimis amounts of janitorial and cleaning
supplies.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold">Security</font>.
Do, observe and perform or cause to be done, observed and performed
all of its obligations and all matters and things necessary or
expedient and which may be legally done, observed and performed by
the Borrower and each Subsidiary for the purpose of perfecting,
setting-up, rendering opposable, creating or maintaining its rights
and interest in all collateral in which such Person has granted
Liens in favor of the Agent. The Borrower and each Subsidiary shall
promptly execute and deliver to the Agent such additional or
complementary security documents, or such confirmations or such
notices or documents containing such further description of
properties charged or intended to be charged by the Security
Documents as may in the reasonable opinion of the Agent be
necessary or advisable to create and maintain its rights in all
such collateral. <font style="color: #000000">Without limiting the
generality of the foregoing, upon exercise of the Aemetis Option,
the Parent, as holder of Capital Stock of the Borrower pursuant to
the Aemetis Option, shall take such actions relating thereto that
are requested by the Agent pursuant to this Section 5.1(e) to
effectuate the terms and provisions of the Pledge Agreement.</font>
The Borrower and each Subsidiary shall cause to be promptly made
all registrations, publications and filings (including any renewals
thereof) and to be delivered all opinions, necessary, in the
reasonable opinion of the Agent, to render the Security Documents,
and the Liens made in favor of the Agent, to be fully effective as
security. The Borrower shall promptly notify the Agent of the
establishment of any deposit account, securities account or other
bank account by the Borrower or any Subsidiary and, at the request
of the Agent, enter into any control agreements with respect
thereto as may be requested by the Agent. The Borrower shall notify
the Agent of the acquisition by the Borrower or any Subsidiary of
any material assets, the formation or acquisition of any new
Subsidiaries of such Person and the acquisition of any interests in
any real property, and shall take such actions relating thereto
that are requested by the Agent pursuant to this Section 5.1(e),
including, without limitation, causing any such new Subsidiary to
become a Guarantor and/or causing any such assets to become subject
to a Lien securing the Note Indebtedness.</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">21</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Maintenance
of Properties</font><font style="color: #000000">. Keep and
maintain all Property material to the conduct of its business in
good working order and condition, ordinary wear and tear
excepted.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(g)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Insurance.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(1)
Maintain, with financially sound and reputable insurers having a
rating acceptable to the Agent in its reasonable discretion,
covering, except as permitted by the Agent, all of their Property,
insurance against loss or damage by fire with extended coverage;
theft, burglary, pilferage and loss in transit; public liability
and third party property damage; larceny, embezzlement or other
criminal liability; public liability and third party property
damage; and such other hazards or of such other types as is
customary for Persons engaged in the same or similar business, as
the Agent, in its discretion, shall specify, in amounts, and under
policies acceptable to the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-size: 13px; font-family: Times New Roman">(2)
Cause the Agent, for the ratable benefit of the Agent and the
Noteholders, to be named as loss payee or additional insured in
each policy insuring its Property or any part thereof, in a manner
acceptable to the Agent. All premiums for such insurance shall be
paid by the Borrower when due, and certificates of insurance and,
if requested by the Agent or any Noteholder, photocopies of the
policies, shall be delivered to the Agent, in each case in
sufficient quantity for distribution by the Agent to each of the
Noteholders. If the Borrower fails to procure such insurance or to
pay the premiums therefor when due, the Agent may do so from the
proceeds of the Loans.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(h)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Inspection</font><font style="color: #000000">.
Enable and assist representatives of the Agent to examine (and, if
desired, copy) Borrower&#x2019;s (and any of its
subsidiaries&#x2019;) records, to inspect any of its properties, to
conduct field examinations, audits and appraisals of any of the
Collateral, the Mortgaged Property and the Goodland Project, and to
discuss its business and affairs with its officers, directors,
employees, accountants, auditors, partners, suppliers and customers
all to the extent reasonably requested by the Agent and all at the
Borrower&#x2019;s expense. Not in limitation of the foregoing,
enable and assist representatives of the Agent to conduct a monthly
review of the progress of the Goodland Project.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Use
of Proceeds</font><font style="color: #000000">. Use the proceeds
of the Term Loan and Revolving Advances solely for the purposes
identified on</font> <font style="text-decoration: underline; color: #000000">Schedule&#xA0;5.1(i)</font>
<font style="color: #000000">hereto or as otherwise agreed to by
the Agent in its sole discretion, and not for personal, family,
household or agricultural purposes or advanced to any Person who is
not an Obligor.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">22</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(j)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Books
and Records.</font> <font style="color: #000000">Maintain at all
times, correct and complete books, records and accounts in which
complete, correct and timely entries are made of its transactions
in accordance with GAAP. Borrower and its Subsidiaries shall, by
means of appropriate entries, reflect in such accounts and in all
their financial statements adequate liabilities and reserves for
all taxes and adequate provision for depreciation and amortization
of Property and bad debts, all in accordance with GAAP. Borrower
and its Subsidiaries shall maintain at all times books and records
pertaining to their Property in such detail, form and scope as the
Agent shall reasonably require, including, without limitation,
records of: (i) all payments received and all credits and
extensions granted with respect to their accounts or claims; and
(ii) all other dealings affecting their Property. Upon request by
the Agent, the Borrower shall promptly deliver or cause to be
delivered (where applicable and provided such delivery is permitted
by law): (i) technical and engineering reports prepared by
independent experts in connection with the business of the
Obligors; (ii) copies of all material and selected contracts and
authorizations; (iii) organizational charts for the Obligors and a
summary of compensation of all personnel of the Obligors; (iv)
copies of reports sent to shareholders and directors of any of the
Obligors; and (v) such further schedules, documents, and
information as the Agent may require.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(k)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Further
Assurances</font><font style="color: #000000">. At its own cost and
expense, execute and deliver to Agent and Noteholders all such
documents, instruments and agreements and do all such other acts
and things as may be reasonably required, in the opinion of the
Agent, to carry out the purpose of each Note Purchase Document to
which it is a party or to enable the Agent and Noteholders to
exercise and enforce their rights hereunder or
thereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(l)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Taxes</font><font style="color: #000000">.
Make due and timely payment or deposit of all federal, provincial,
territorial, state and local taxes, assessments or contributions
required of it by law (including, but not limited to, those laws
concerning income taxes, F.I.C.A., F.U.T.A. and state disability),
and will execute and deliver to the Agent, on demand, proof
satisfactory to the Agent indicating that such Person has made such
payments or deposits and any appropriate certificates attesting to
the payment or deposit thereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(m)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Additional
Guarantors and Security</font><font style="color: #000000">. Upon
the request of the Agent following the formation or acquisition of
any new direct or indirect Subsidiaries approved by the Agent by
Borrower or the acquisition of any property by Borrower, and such
property, in the judgment of the Agent, shall not already be
subject to a perfected first priority security interest in favor of
the Agent for the benefit of the Noteholders, then in each case at
the Borrower's expense: (i) in connection with the formation or
acquisition of a Subsidiary, within ten (10) days after such
formation or acquisition, cause each such Subsidiary, and cause
each direct and indirect parent of such Subsidiary (if it has not
already done so), to duly execute and deliver to the Agent a
supplement to the Guaranty, or other similar guaranty in form and
substance satisfactory to the Agent, guaranteeing the Note
Indebtedness; and (ii) within fifteen (15) days after such request,
formation or acquisition, duly execute and deliver, and cause each
such Subsidiary and each direct and indirect parent of such
Subsidiary to duly execute and deliver to the Agent mortgages,
pledges, assignments, security interests and other security
agreements, as specified by and in form and substance satisfactory
to Agent (including delivery of all Capital Stock in and of such
Subsidiary, and other instruments requested by the Agent in
connection therewith, in each case, securing payment of all Note
Indebtedness.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(n)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Compensation
Agreements</font><font style="color: #000000">. Prior to entering
into or modifying any compensation agreements (including salary,
bonuses, perquisites, benefits, stock options, and other incentive
compensation) for key officers or directors of Borrower or any
Subsidiary of Borrower, the Borrower shall provide the terms
thereof to the Agent, and such terms must be satisfactory to the
Agent, acting reasonably.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(o)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Control
Agreement</font><font style="color: #000000">. Within thirty (30)
days following a request of Agent from time to time with respect to
any Obligor, execute and deliver to Agent, one or more control
agreements over such Obligor&#x2019;s deposit accounts countersigned
by the applicable bank or third party, in each case, in a form
acceptable to Agent in its sole discretion.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(p)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Post-Closing
Matters</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Within
five (5) Business Days after the Closing Date, the Agent shall have
received evidence that the insurance policies required by the Note
Purchase Documents are in full force and effect, together with
appropriate evidence showing loss payable and/or additional insured
clauses or endorsements in favor of the Agent for the benefit of
the Noteholders.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(ii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Within
sixty (60) days after the Closing Date, the Agent shall have
received a fully executed Collateral Assignment of the Riverbank
Lease, from AAPK to the Agent on behalf of the Noteholders with
respect to the Riverbank Lease.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">23</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">5.2</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Negative
Covenants.</font> <font style="color: #000000">So long as any of
the Note Indebtedness shall remain unpaid, the Borrower will not,
directly or indirectly, without the prior written consent of the
Agent, in its sole and absolute discretion:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Liens</font><font style="color: #000000">.
Create, incur, assume or suffer to exist any Lien upon any of its
Property, whether now owned or hereafter acquired,
except:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Liens
for taxes not yet due or that are being contested in good faith by
appropriate proceedings, provided that adequate reserves with
respect thereto are maintained on the books of the applicable
Person in conformity with GAAP;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(ii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">carriers&#x2019;, warehousemen&#x2019;s,
mechanics&#x2019;, materialmen&#x2019;s, repairmen&#x2019;s or other
like Liens arising in the ordinary course of business that are not
overdue for a period of more than 30 days or that are being
contested in good faith by appropriate
proceedings;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(iii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">pledges or deposits in connection with
workers&#x2019; compensation, unemployment insurance and other
social security legislation;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(iv)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">easements, rights-of-way, restrictions
and other similar encumbrances incurred in the ordinary course of
business that, in the aggregate, are not substantial in amount and
that do not in any case materially detract from the value of the
Property subject thereto or materially interfere with the ordinary
conduct of the business of such Person; and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 96px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(v)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Liens
created pursuant to the Security Documents.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Indebtedness.</font>
<font style="color: #000000">Create, incur, assume or suffer to
exist any Indebtedness, except Permitted Indebtedness. Without the
consent of the Agent, amend, modify or change any term or condition
of any documentation entered into in connection with any
Indebtedness (i) in any manner (i) if the effect of such amendment,
modification or change is to restrict in any manner the ability of
any Agent or the Noteholders to exchange, extend, renew, replace or
refinance, in whole or part, the Term Loan, Revolving Advances or
any other Indebtedness under this Agreement or any other Note
Purchase Document, or (ii) in any other manner that could be
adverse to the interests, rights or remedies of the Agent or any
Noteholder under the Note Purchase Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Capital
Stock, Dividends, Etc.</font> <font style="color: #000000">(i)
Declare or make any Distribution or other dividend payment or
distribution of assets, properties, cash, rights, obligations or
securities on account of any shares of any class of Capital Stock
of the Borrower, (ii) issue, purchase, redeem or otherwise acquire
for value any shares of any class of Capital Stock of the Borrower
or any of its Subsidiaries or any warrants, rights or options to
acquire any such shares, now or hereafter outstanding or (iii) make
any distributions, remuneration or payment (including any
Distributions) in violation of the terms of any applicable
subordination terms applicable to any Permitted Indebtedness.
Notwithstanding any other term of this Agreement, the Borrower and
its Subsidiaries shall not, without the prior written consent of
the Agent, make any transfer of funds, transfer of Property, or any
distributions, remuneration or payment (including any
Distributions) to any Person, other than (y) payments on account of
the Note Indebtedness in accordance with the terms hereof, and (z)
to the extent not otherwise prohibited by any Note Purchase
Document, in the ordinary course of business and not in connection
with or on account of any Indebtedness.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Investments</font><font style="color: #000000">.
Make any Investment after the Closing Date except Permitted
Investments.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">24</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Business,
Management, Mergers, etc.</font> <font style="color: #000000">(i)
make any change in (A) board of directors or senior management of
Borrower, (B) the compensation arrangements of any key officer or
director of Borrower or any of its Subsidiaries, or (C) the capital
structure of the Borrower or any of its Subsidiaries, (ii) make any
material change in the nature of the business presently conducted
by the Borrower or any of its Subsidiaries;
(iii)</font><font style="font-family: Times New Roman">&#xA0;</font><font style="color: #000000">make
any payments on account of bonuses or new retainers greater than
$50,000 or establish or create any trust accounts, (iv)&#xA0;change
its name; (v) change its jurisdiction of incorporation or its type
of organization (that is, from a corporation) or otherwise amend,
modify or change any of its Organic Documents, as in effect on the
Closing Date; (vi)&#xA0;merge, amalgamate or consolidate with or
into, or convey, transfer, lease or otherwise dispose of or
alienate (whether in one transaction or in a series of
transactions) all or substantially all of its assets (whether now
owned or hereafter acquired) to, or acquire all or substantially
all of the assets of, any Person, or dissolve or liquidate or
terminate its legal existence, or (vii) make any change in (A) its
accounting policies or reporting practices, except as required or
permitted by GAAP, or (B) its fiscal year.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Change
of Control</font><font style="color: #000000">. Cause, permit, or
suffer, directly or indirectly, any Change of Control (other than a
Change of Control caused by the exercise of the Aemetis Option or
the exercise of the Warrant).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(g)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Disposition
of Property</font><font style="color: #000000">. Dispose or
alienate of any of its Property, whether now owned or hereafter
acquired, except dispositions of inventory made by the Borrower or
its Subsidiaries in the ordinary course of its
business.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(h)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">Affiliate
Transactions and Intercompany Loans</font><font style="color: #000000">. Enter into any transaction with any Obligor,
Affiliate or Subsidiary or any of its directors or senior or
executive officers or senior management, or enter into or assume
any employment, consulting or analogous agreement or arrangement
with any of its directors or senior or executive officers or senior
management, or make any payment to any of its directors or senior
or executive officers or senior management; provided, however, that
Borrower may make one or more intercompany loans to the Parent so
long as each intercompany loan (i) is made pursuant to and in
accordance with the terms of the Revolving Intercompany Note and
(ii) has been approved in writing by the Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Bank
Accounts</font><font style="color: #000000">. Open any bank account
without the consent of the Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(j)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Negative
Pledge Clauses</font><font style="color: #000000">. Enter into or
suffer to exist or become effective any agreement that prohibits or
limits the ability of the Borrower or any Subsidiary to create,
incur, assume or suffer to exist any Lien upon any of its Property
or revenues, whether now owned or hereafter acquired, other than
this Agreement and the other Note Purchase
Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(k)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Place
of Business</font><font style="color: #000000">.</font><font style="font-weight: bold; color: #000000">&#xA0;</font><font style="color: #000000">Change the location of its respective chief
executive office, principal place of business and registered office
from, or maintain Property in any location other than as disclosed
in</font> <font style="text-decoration: underline; color: #000000">Schedule
4(e)</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(j)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Amendments
of Related Documents</font><font style="color: #000000">. Cancel or
terminate any Related Document or consent to or accept any
cancellation or termination thereof, amend, modify or change in any
manner any term or condition of any Related Document or give any
consent, waiver or approval thereunder, waive any default under or
any breach of any term or condition of any Related Document, agree
in any manner to any other amendment, modification or change of any
term or condition of any Related Document or take any other action
in connection with any Related Document that would impair the value
of the interest or rights of any Noteholder thereunder or that
would impair the rights or interests of the Agent or any
Noteholder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(k)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Financial
Covenants</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 108px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)
Permit the ratio of: (a) the sum of (i) the most recent Mortgaged
Property Market Value, and (ii) the most recent Riverbank Project
Value to (b) the Note Indebtedness, to be less than 2.00:1.00,
tested as of the last day of each fiscal quarter.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">25</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 108px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(ii)
Permit the amount of trade payables due to exceed the sum of the
amount of the Borrower&#x2019;s Cash Equivalents plus the Revolving
Advances available to be advanced under the Revolving Line, tested
as of the last day of each month.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">SECTION 6.</font>&#xA0; EVENTS OF DEFAULT;
REMEDIES.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">6.1</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Events
of Default.</font> <font style="color: #000000">Each of the
following events (each an &#x201C;</font><font style="font-weight: bold; color: #000000">Event of
Default</font><font style="color: #000000">&#x201D;) shall
constitute an Event of Default:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
Obligor shall fail to pay any principal of, or interest on, or
other amount payable under any Note Purchase Documents when the
same becomes due and payable; or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
representation or warranty made by an Obligor or Pledgor (or any of
its officers) under or in connection with any Note Purchase
Document or that is contained in any certificate, document or
financial or other statement furnished by it at any time under or
in connection with any Note Purchase Document shall prove to have
been incorrect or misleading in any material respect when made;
or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; &#xA0; <font style="color: #000000">any Obligor or Pledgor
shall fail to perform or observe any term, covenant or agreement
contained in any Note Purchase Document on its part to be performed
or observed; or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
Obligor shall fail to pay any principal of or premium or interest
on any Indebtedness in excess of $25,000 with respect to the
Borrower, and $100,000 with respect to any other Obligor (but
excluding Indebtedness evidenced by this Agreement), when the same
becomes due and payable (whether by scheduled maturity, required
prepayment, acceleration, demand or otherwise), and such failure
shall continue after the applicable grace period, if any, specified
in the agreement or instrument relating to such Indebtedness; or
any other event shall occur or condition shall exist under any
agreement or instrument relating to any such Indebtedness and shall
continue after the applicable grace period, if any, specified in
such agreement or instrument, if the effect of such event or
condition is to accelerate, or to permit the acceleration of, the
maturity of such Indebtedness; or any such Indebtedness shall be
declared to be due and payable, or required to be prepaid (other
than by a regularly scheduled required prepayment), redeemed,
purchased or defeased, or an offer to prepay, redeem, purchase or
defease such Indebtedness shall be required to be made, in each
case prior to the stated maturity thereof; or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">(i)
any Obligor, any subsidiary thereof or any Pledgor shall commence,
or have commenced against it, any case, proceeding or other action
(A) under any existing or future law of any jurisdiction, domestic
or foreign, relating to bankruptcy, insolvency, reorganization or
relief of debtors, seeking to have an order for relief entered with
respect to it, or seeking to adjudicate it a bankrupt or insolvent
Person, or seeking reorganization, arrangement, adjustment,
winding-up, liquidation, dissolution, composition or other relief
with respect to it or its debts, or (B) seeking appointment of a
receiver, interim receiver, trustee, custodian, conservator,
monitor, interim monitor or other similar official for it or for
all or any substantial part of its assets, or any Obligor, any
subsidiary thereof or any Pledgor shall make a general assignment
for the benefit of its creditors; or (ii) there shall be commenced
against any Obligor, any subsidiary thereof or any Pledgor any
case, proceeding or other action of a nature referred to in clause
(i) above that (A) results in the entry of an order for relief or
any such adjudication or appointment or (B) remains undismissed,
undischarged or unbonded for a period of ninety (90) days; or (iii)
there shall be commenced against any Obligor, any subsidiary
thereof or any Pledgor any case, proceeding or other action seeking
issuance of a warrant of attachment, execution, distraint or
similar process against all or any substantial part of its assets
that results in the entry of an order for any such relief that
shall not have been vacated, discharged, or stayed or bonded
pending appeal within ninety (90) days from the entry thereof; or
(iv) any Obligor, any subsidiary thereof or any Pledgor shall take
any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any of the acts set forth in
clause (i), (ii), or (iii) above; or (v) any Obligor, any
subsidiary thereof or any Pledgor shall generally not, or shall be
unable to, or shall admit in writing its inability to, pay its
debts as they become due; or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">26</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
judgment or order for the payment of money in excess of $25,000
with respect to the Borrower, and $100,000 with respect to any
other Obligor shall be rendered against Borrower or any Obligor and
either (i) enforcement proceedings shall have been commenced by any
creditor upon such judgment or order or (ii) there shall be any
period of ten (10) consecutive days during which a stay of
enforcement of such judgment or order, by reason of a pending
appeal or otherwise, shall not be in effect; or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;a
writ of attachment, garnishment execution, distraint or similar
process <font style="color: #000000">in excess of $25,000 with
respect to the Borrower, and $100,000 with respect to any other
Obligor</font> is issued against Borrower or any Obligor, or any of
their respective properties, and remains in effect for ten (10)
consecutive days, except for any such writ of attachment,
garnishment execution, distraint or similar process that is subject
to a bona fide dispute by Borrower and is properly contested by
appropriate proceedings promptly instituted and diligently
conducted; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(h)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">an
event or development has occurred that could reasonably be expected
to have a Material Adverse Effect, as determined by the Agent in
its reasonable discretion and in good faith; or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">a
Change of Control occurs (unless such Change of Control is caused
by the exercise of the Aemetis Option or the exercise of the
Warrant); or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(j)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">there
is filed against any Obligor any action, suit or proceeding under
any federal, provincial or state racketeering, proceeds of crime or
money laundering statute (including the Racketeer Influenced and
Corrupt Organization Act of 1970), which action, suit or proceeding
is not dismissed within ninety (90) days or any other
Anti-Terrorism Laws; or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(k)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
Obligor is convicted of a criminal offence; or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(l)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
of the Security Documents shall cease, for any reason, to be in
full force and effect, or any Obligor, Pledgor or other grantor
party thereto shall so assert, or any Lien or security interest
created by any of the Security Documents shall cease to be
enforceable and of the same effect and priority purported to be
created thereby; or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(m)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
Obligor ceases to carry on business in the ordinary course, except
where such cessation occurs in connection with a sale of all or
substantially all of the assets of an Obligor, or a restructuring
or reorganization of an Obligor, which has been consented to by the
Agent; or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(n)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
Obligor incurs any environmental liabilities which will require
expenditures, (i) for any one occurrence, in excess of $25,000, or
(ii) aggregating in any fiscal year on a consolidated basis,
$100,000, that has not otherwise been defeased by a restricted cash
deposit or reclamation or similar environmental performance bond;
or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(o)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">failure
of any Obligor to perform or observe any term, covenant or
agreement contained in any material contract on its part to be
performed or observed where such failure could reasonably be
expected to have a Material Adverse Effect, including, without
limitation, hedging contracts, lease agreements, and other credit
agreements.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">27</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">6.2</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Remedies.</font>
<font style="color: #000000">If any Event of Default shall have
occurred and be continuing, then, and in any such
event:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">the
Agent may, and at the request of the Noteholders holding a majority
of the outstanding principal amount of the Term Loan and Revolving
Line shall, by notice to the Borrower, take any of the following
actions, at the same or different times: (i) terminate any unused
portion of the Revolving Line and any other commitment of the Agent
or any Noteholder to extend any credit to any Obligor, and
thereupon such unused portion of the Revolving Line and such other
commitments shall terminate immediately, and/or (ii) declare the
Term Loan and Revolving Advances then outstanding to be due and
payable in whole (or in part, in which case any principal not so
declared to be due and payable may thereafter be declared to be due
and payable), and thereupon the principal of the Term Loan and
Revolving Advances so declared to be due and payable, together with
accrued interest thereon and all fees and other obligations of the
Borrower and other Obligors accrued hereunder or under any other
Note Purchase Document, shall become due and payable immediately,
without presentment, demand, protest, notice of acceleration,
notice of intent to accelerate or other notice of any kind, all of
which are hereby expressly waived by the Obligors; provided,
however, that in the case of any event described in paragraph (e)
of Section 6.1, (x) any unused portion of the Revolving Line and
any other commitment of the Agent or any Noteholder to extend any
credit to any Obligor shall automatically terminate and (y) all
outstanding Note Indebtedness (including, without limitation, all
accrued and unpaid interest, fees and other amounts) shall
automatically become and be due and payable, without presentment,
demand, protest, notice of acceleration, notice of intent to
accelerate, or any notice of any kind, all of which are hereby
expressly waived by the Obligors;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">the
Agent and/or any Noteholder may (and, at the request of the
Noteholders holding a majority of the outstanding principal amount
of the Term Loan and the Revolving Advances, the Agent shall) (i)
exercise any and all rights and remedies available under this
Agreement, any other Note Purchase Documents and applicable law
(including, without limitation, the enforcement of any and all
Liens created pursuant to any Security Document), and (ii) proceed
to protect and enforce its rights by an action at law, suit in
equity or other appropriate proceeding, whether for the specific
performance of any agreement contained in any Note Purchase
Document, or for an injunction against a violation of any of the
terms thereof, or in aid of the exercise of any power granted
thereby or by law or otherwise;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;sell
the Collateral at either a public or private sale, or both, by way
of one or more contracts or transactions, for cash or on terms, in
such manner and at such places (including Obligors&#x2019; premises)
as Agent determines is commercially reasonable, and apply any
proceeds to the <font style="color: #000000">Note
Indebtedness</font> in whatever manner or order Agent deems
appropriate. The Agent may sell the Collateral without giving any
warranties as to the Collateral. To the extent permitted by law,
the Agent may specifically disclaim any warranties of title or the
like. This procedure will not be considered adversely to affect the
commercial reasonableness of any sale of the Collateral. If the
Agent sells any of the Collateral upon credit, the Obligors will be
credited only with payments actually made by the purchaser,
received by the Agent, and applied to the indebtedness of the
purchaser. If the purchaser fails to pay for the Collateral, the
Agent may resell the Collateral and the Obligors shall be credited
with the proceeds of the sale;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Agent may credit bid and purchase at any public sale;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;enforce
and realize on the Collateral;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;apply
for the appointment of a receiver, receiver-manager, receiver and
manager, interim receiver, trustee, liquidator or conservator of
the Collateral, without notice and without regard to the adequacy
of the security for the <font style="color: #000000">Note
Indebtedness</font> and without regard to the solvency of any
Obligor, any Guarantor or any other Person liable for any of the
<font style="color: #000000">Note Indebtedness</font>;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Proceed
to exercise any and all rights under this Agreement or under any
other Note Purchase Document or otherwise permitted by
law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">6.3</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Waiver
of Default</font><font style="color: #000000">. Notwithstanding
anything to the contrary in any Note Purchase Document and for the
avoidance of doubt, any reference in any Note Purchase Document to
an Event of Default existing, or having occurred and being in
continuance, shall remain an Event of Default until it has been
waived in accordance with such Note Purchase Document. If an Event
of Default shall have occurred, the Agent shall have the power to
waive any Event of Default hereunder and all the Noteholders shall
be bound by any such waiver upon such terms and conditions as the
Agent shall prescribe; provided that no delay or omission of the
Agent or any of the Noteholder to exercise any right or power
accruing upon any Default or Event of Default shall impair any such
right or power or shall be construed to be a waiver of any such
Default Event of Default or acquiescence therein; provided,
further, that no act or omission of the Agent or any Noteholder
shall extend to or be taken in any manner whatsoever to affect any
subsequent Default or Event of Default hereunder or the rights
resulting therefrom.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">28</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">6.4</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Enforcement
by the Noteholders</font><font style="color: #000000">. If an Event
of Default shall have occurred and be continuing, but subject to
Section 6.3:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">the
Agent may proceed to enforce the rights of the Agent and the
Noteholders by any action, suit, remedy or proceeding authorized or
permitted by any of the Note Purchase Documents or by applicable
law or equity; and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">no
such remedy for the enforcement of the rights of the Agent or any
of the Noteholders shall be exclusive of or dependent on any other
such remedy but any one or more of such remedies may from time to
time be exercised independently or in
combination.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
SECTION 7.</font> <font style="color: #000000">THE
AGENT</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">7.1</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Appointment
and Authorization</font><font style="color: #000000">.</font>&#xA0;
<font style="color: #000000">Each Noteholder hereby designates and
appoints the Agent under this Agreement and the other Note Purchase
Documents and each Noteholder hereby irrevocably authorizes the
Agent, as applicable, to take such action on its behalf under the
provisions of this Agreement and each other Note Purchase Document
and to exercise such powers and perform such duties as are
expressly delegated to it by the terms of this Agreement or any
other Note Purchase Document, together with such powers as are
reasonably incidental thereto. Each Noteholder hereby irrevocably
appoints and constitutes the Agent its true and lawful attorney,
with full power of substitution, for the purposes of carrying out
any of the terms hereof, collecting or enforcing any of the Note
Indebtedness and exercising any of the rights and remedies of the
Noteholders hereunder and under the other Note Purchase Documents,
including, without limitation, for the purposes of signing and/or
recording any documents necessary to perfect, set-up, register,
maintain, release, grant discharges, amend, extend, modify,
replace, restate, or discharge the Collateral or any of the Note
Purchase Documents and instituting any actions or proceedings. The
Agent shall not be liable to Noteholders for any acts or omissions
or errors of judgment or mistakes of fact or law in its exercise of
the foregoing power, except resulting from its gross negligence or
willful misconduct as determined by a court of competent
jurisdiction on a final and non-appealable basis. The Agent agrees
to act as such on the express conditions contained in this Section.
The provisions of this Section 7.1, are solely for the benefit of
the Agent and the Noteholders, and no Obligor shall have any rights
as a third party beneficiary of any of the provisions contained
herein, but may rely on the determinations made under this Section.
Notwithstanding any provision to the contrary contained elsewhere
in this Agreement or in any other Note Purchase Document, the Agent
shall not have any duties or responsibilities, except those
expressly set forth herein, nor shall the Agent have or be deemed
to have any fiduciary relationship with any Noteholder, and no
implied covenants, functions, responsibilities, duties, obligations
or liabilities shall be read into this Agreement or any other Note
Purchase Document or otherwise exist against the Agent. Without
limiting the generality of the foregoing sentence, the use of the
term &#x201C;agent&#x201D; in this Agreement with reference to the
Agent is not intended to connote any fiduciary or other implied (or
express) obligations arising under agency doctrine of any
applicable law. Instead, such term is used merely as a matter of
market custom, and is intended to create or reflect only an
administrative relationship between independent contracting
parties. Except as expressly otherwise provided in this Agreement,
the Agent shall have and may use its sole discretion with respect
to exercising or refraining from exercising any discretionary
rights or taking or refraining from taking any actions which the
Agent is expressly entitled to take or assert under this Agreement
and the other Note Purchase Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">7.2</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Delegation
of Duties</font><font style="color: #000000">.</font> <font style="color: #000000">The Agent may execute any of its duties under this
Agreement or any other Note Purchase Document by or through agents,
mandataries, employees or attorneys-in-fact and shall be entitled
to advice of counsel concerning all matters pertaining to such
duties. The Agent shall not be responsible for the negligence or
misconduct of any agent, mandatary or attorney-in-fact that it
selects as long as such selection was made without gross negligence
or willful misconduct.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">29</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">7.3</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Liability
of Agent</font><font style="color: #000000">.</font>&#xA0;
<font style="color: #000000">Agent shall not (i) be liable to any
Noteholder for any action taken or omitted to be taken by it under
or in connection with this Agreement or any other Note Purchase
Document or the transactions contemplated hereby (except for its
own gross negligence or willful misconduct as determined by a court
of competent jurisdiction on a final and non-appealable basis), or
(ii) be responsible in any manner to any of the Noteholders for any
recital, statement, representation or warranty made by the Borrower
or any Guarantor, or any officer thereof, contained in this
Agreement or in any other Note Purchase Document, or in any
certificate, report, statement or other document referred to or
provided for in, or received by the Agent under or in connection
with, this Agreement or any other Note Purchase Document, or the
validity, effectiveness, genuineness, enforceability or sufficiency
of this Agreement or any other Note Purchase Document, or for any
failure of the Borrower or any other party to any Note Purchase
Document to perform its obligations hereunder or thereunder. Agent
shall not be under any obligation to any Noteholder to ascertain or
to inquire as to the observance or performance of any of the
agreements contained in, or conditions of, this Agreement or any
other Note Purchase Document, or to inspect the properties, books
or records of the Borrower or any of the
Guarantors.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">7.4</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Successor
Agent</font><font style="color: #000000">.</font>&#xA0;
<font style="color: #000000">The Agent may resign as Agent upon
thirty (30) days&#x2019; written notice to the Noteholders and the
Borrower, such resignation to be effective upon the acceptance of a
successor agent to its appointment as Agent. If the Agent resigns
under this Agreement, subject to the proviso in the preceding
sentence, the Noteholders shall, by majority vote (with number of
votes based on dollars of funds advanced through the Term Loan and
Revolving Advances) appoint from among the Noteholders a successor
agent for the Noteholders. If no successor agent is appointed prior
to the effective date of the resignation of the Agent, the Agent
may appoint, after consulting with the Noteholders, a successor
agent from among the Noteholders. If no successor Agent has
accepted the appointment as Agent by the date which is thirty (30)
days following a notice of resignation, the retiring Agent&#x2019;s
resignation shall nevertheless thereupon become effective and the
Noteholders shall perform all of the duties of the Agent hereunder
until such time, if any, as the Noteholders appoint a successor
Agent as provided for above. Upon the acceptance of its appointment
as successor agent hereunder, such successor agent shall succeed to
all the rights, powers and duties of the retiring agent and the
term &#x201C;Agent&#x201D; shall mean such successor agent and the
retiring agent&#x2019;s appointment, powers and duties as agent
shall be terminated. After any retiring agent&#x2019;s resignation
hereunder as agent, the provisions of this Section shall inure to
its benefit as to any actions taken or omitted to be taken by it
while it was agent under this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">7.5</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Credit
Decision</font><font style="color: #000000">.</font>&#xA0;
<font style="color: #000000">Each Noteholder acknowledges that
Agent has not made any representation or warranty to it, and that
no act by the Agent hereinafter taken, including any review of the
affairs of the Borrower and the Guarantors, shall not be deemed to
constitute any representation or warranty by Agent to any
Noteholder. Each Noteholder represents to the Agent that it has,
independently and without reliance upon Agent and based on such
documents and information as it has deemed appropriate, made its
own appraisal of, and investigation into, the business, prospects,
operations, Property, financial and other condition and
creditworthiness of the Borrower and each of the Guarantors, and
all applicable bank regulatory laws relating to the transactions
contemplated hereby, and made its own decision to enter into this
Agreement and to extend credit to the Borrower. Each Noteholder
also represents that it will, independently and without reliance
upon Agent and based on such documents and information as it shall
deem appropriate at the time, continue to make its own credit
analysis, appraisals and decisions in taking or not taking action
under this Agreement and the other Note Purchase Documents, and to
make such investigations as it deems necessary to inform itself as
to the business, prospects, operations, Property, financial and
other condition and creditworthiness of the Borrower and each of
the Guarantors. The Agent shall not have any duty or responsibility
to provide any Noteholder with any credit or other information
concerning the business, prospects, operations, Property, financial
and other condition or creditworthiness of the Borrower and each of
the Guarantors which may come into the possession of the
Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">7.6</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Agency
for Perfection</font><font style="color: #000000">.</font>&#xA0;
<font style="color: #000000">Each Noteholder hereby appoints each
other Noteholder and the Agent as agent and mandatary for the
purpose of perfecting and setting-up the Noteholders&#x2019;
security interest in and Lien on assets which can be perfected or
set-up by delivery and possession. Should any Noteholder (other
than the Agent) obtain delivery and possession of any such
Collateral, such Noteholder shall notify the Agent thereof, and,
promptly upon the Agent&#x2019;s request shall deliver such
collateral to the Agent or in accordance with the Agent&#x2019;s
instructions.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">30</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">7.7</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Concerning
the Collateral and the Related Note Purchase
Documents.</font>&#xA0;<font style="color: #000000">Each Noteholder
authorizes and directs the Agent to enter into this Agreement and
the other Note Purchase Documents for the ratable benefit and
obligation of the Agent and the Noteholders, including any
Intercreditor Agreement or arrangement described in, or from time
to time required pursuant to, this Agreement and any such
Intercreditor Agreement is binding upon such Noteholders. Each
Noteholder agrees that any action taken by the Agent, as
applicable, in accordance with the terms of this Agreement or the
other Note Purchase Documents, and the exercise by the Agent, as
applicable, of its powers set forth therein or herein, together
with such other powers that are reasonably incidental thereto,
shall be binding upon all of the Noteholders. None of the
Noteholders shall have any right of action whatsoever against the
Agent as a result of any action taken by the Agent pursuant to this
Section or in accordance with the terms of any Intercreditor
Agreement. The Agent may affect any amendment or supplement to any
Intercreditor Agreement or arrangement described in, or from time
to time required pursuant to, this Agreement that is for the
purpose of adding the holders of Indebtedness under any other
secured or unsecured Indebtedness permitted to be incurred under
this Agreement, including on a junior priority basis to the Note
Indebtedness, as contemplated by the terms of such Intercreditor
Agreement or arrangement described in, or required from time to
time pursuant to, this Agreement, as
applicable.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">7.8</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Agent
May File Bankruptcy Disclosure and Proofs of
Claim</font><font style="color: #000000">. In case of the pendency
of any bankruptcy, insolvency, winding-up or other judicial
proceedings relative to any Obligor, the Agent (irrespective of
whether the principal of any Loan or other Note Indebtedness shall
then be due and payable as herein expressed or by declaration or
otherwise and irrespective of whether the Agent or any Noteholder
shall have made any demand on any Obligor) shall be entitled and
empowered (but not obligated) by intervention in such proceeding or
otherwise:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">to
file and prove a claim for the whole amount of the principal and
interest owing and unpaid in respect of the Term Loan, Revolving
Advances and all other Note Indebtedness that are owing and unpaid
and to file such other papers or documents as may be necessary or
advisable in order to have the claims of the Agent and the
Noteholders (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Agent, the Noteholders
and their respective agents, advisors and counsel) allowed in such
proceeding; and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">to
collect and receive any monies or other property payable or
deliverable on any such claims and, subject to the terms hereof, to
distribute the same;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
and any custodian, receiver, assignee, trustee, liquidator,
sequestrator or other similar official in any such judicial
proceeding is hereby authorized by the Noteholders to make such
payments to the Agent and, in the event that the Agent shall
consent to the making of such payments directly to the Noteholders,
to pay to the Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Agent and its agents
and counsel, and any other amounts due to the Agent under the Note
Purchase Documents.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">SECTION 8.</font>&#xA0;&#xA0;
<font style="font-weight: bold; color: #000000">MISCELLANEOUS</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.1</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Amendments,
Etc.</font> <font style="color: #000000">No amendment or waiver of
any provision of this Agreement or the other Note Purchase
Documents, nor consent to any departure by the Borrower or the
Obligor party to such Note Purchase Document, shall in any event be
effective unless the same shall be in writing and signed by the
Agent, the Borrower and the Obligor party to such Note Purchase
Document and then such waiver or consent shall be effective only in
the specific instance and for the specific purpose for which
given.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.2</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Notices</font><font style="color: #000000">.
All notices and other communications provided for herein shall be
in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by
facsimile, in each case, to the address and to the attention of a
party as advised by such party to the other parties from time to
time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Notices sent by hand or overnight courier service, or mailed by
certified or registered mail, shall be deemed to have been given
when received; notices sent by electronic mail (e-mail) or
facsimile shall be deemed to have been given when sent (except
that, if not given during normal business hours for the recipient,
shall be deemed to have been given at the opening of business on
the next Business Day for the recipient).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">31</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.3</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">No
Waiver; Remedies.</font> <font style="color: #000000">No failure on
the part of any party to exercise, and no delay in exercising, any
right hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise of any right hereunder preclude any
other or further exercise thereof or the exercise of any other
right. The remedies herein provided are cumulative and not
exclusive of any remedies provided by law or in any of the other
Note Purchase Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.4</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Right
of Setoff.</font> <font style="color: #000000">The Agent is hereby
authorized at any time and from time to time, to the fullest extent
permitted by law, to set off, compensate and apply any and all
deposits (general or special, time or demand, provisional or final)
at any time held and other Indebtedness or other obligations at any
time owing by the Agent to or for the credit or the account of the
Borrower against any and all of the Note Indebtedness of the
Borrower or any other Obligor now or hereafter existing under this
Agreement or any other Note Purchase Document, whether or not the
Agent shall have made any demand under this Agreement and although
such Note Indebtedness may be unmatured. The rights of the Agent
under this Section are in addition to other rights and remedies
(including, without limitation, other rights of setoff) which the
Agent may have.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.5</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Waiver;
Etc.</font> <font style="color: #000000">The Borrower and each
surety, guarantor, endorser and other party ever liable for payment
of this Agreement or any part hereof jointly and severally waive
notice, presentment, demand for payment, protest, notice of protest
and non-payment or dishonor, notice of acceleration, notice of
intent to accelerate, notice of intent to demand, diligence in
collecting, grace, and all other formalities of any kind, and
consent to all extensions without notice for any period or periods
of time and partial payments, before or after maturity, and any
impairment of any collateral securing this Agreement, all without
prejudice to the Agent. The Agent shall similarly have the right to
deal in any way, at any time, with one or more of the foregoing
parties without notice to any other party, and to grant any such
party any extensions of time for payment of any of said
Indebtedness or other Note Indebtedness, or to release or
substitute part or all of the collateral securing this Agreement,
or to grant any other indulgences or forbearances whatsoever,
without notice to any other party and without in any way affecting
the personal liability of any party hereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.6</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Assignments</font><font style="color: #000000">.</font>&#xA0;&#xA0;
<font style="color: #000000">Neither Borrower nor any Guarantor may
assign or transfer any of its rights or delegate any of its
obligations under this Agreement or any of the other Note Purchase
Documents without the Agent&#x2019;s prior written consent. Any
Noteholder (the &#x201C;</font><font style="font-weight: bold; color: #000000">Assigning
Noteholder</font><font style="color: #000000">&#x201D;) may sell or
otherwise transfer or assign all or any part of its interest in
this Agreement and the other Note Purchase Documents to any Person
(hereinafter an &#x201C;</font><font style="font-weight: bold; color: #000000">Assignee</font><font style="color: #000000">&#x201D;) without any notice to or consent from the
Borrower or any Guarantor, but, with the prior consent of the
Agent. Borrower and the other Guarantors authorize Agent and
Noteholders to deliver to potential assignees or participants
Borrower&#x2019;s and the Guarantors&#x2019; financial information
and all other information delivered to Agent and Noteholders in
furtherance of or pursuant to the terms of this Agreement, the
whole subject to usual and customary confidentiality agreements
being entered into with such assignees or participants that are no
less restrictive than the confidentiality provisions in the Note
Purchase Documents. An assignment shall become effective when the
Borrower has been notified of it by the Assigning Noteholder and
has received from the Assignee an undertaking (addressed to all the
parties to this Agreement) to be bound by this Agreement and the
other Note Purchase Documents and to perform the obligations
assigned to it, in form and substance as set forth in</font>
<font style="text-decoration: underline; color: #000000">Schedule
8.6</font><font style="color: #000000">. Any such Assignee shall be
and be treated as a Noteholder for all purposes of this Agreement
and the other Note Purchase Documents, shall be entitled to the
full benefit hereof and shall be subject to the obligations to the
same extent as if it were an original party in respect of the
rights or obligations assigned to it and the Assigning Noteholder
shall be released and discharged accordingly and to the same
extent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.7</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Governing
Law.</font> <font style="color: #000000">THIS AGREEMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND ANY CLAIMS,
CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR
TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR ANY OTHER NOTE PURCHASE DOCUMENT (EXCEPT, AS TO ANY
OTHER NOTE PURCHASE DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND
THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK WITHOUT RESPECT TO ITS CONFLICTS OF LAWS
PRINCIPLES.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">32</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.8</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Jurisdiction,
Etc.</font> <font style="color: #000000">(a)</font> <font style="color: #000000">EACH PARTY IRREVOCABLY AND UNCONDITIONALLY AGREES
THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF
ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN
CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE AGENT, ANY
NOTEHOLDER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY
RELATING TO THIS AGREEMENT OR ANY OTHER NOTE PURCHASE DOCUMENT OR
THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER
THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY
AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF
NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE
PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE
JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT
OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE
PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION,
LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN
OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER
PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER NOTE
PURCHASE DOCUMENT SHALL AFFECT ANY RIGHT THAT THE AGENT OR ANY
NOTEHOLDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT OR ANY OTHER NOTE PURCHASE DOCUMENT
AGAINST THE BORROWER OR ANY OTHER OBLIGOR OR ITS PROPERTIES IN THE
COURTS OF ANY JURISDICTION.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
party irrevocably and unconditionally waives, to the fullest extent
permitted by applicable law, any objection that it may now or
hereafter have to the laying of venue of any action or proceeding
arising out of or relating to this Agreement or any other Note
Purchase Document in any court referred to in paragraph (a) of this
Section. Each of the parties hereto hereby irrevocably waives, to
the fullest extent permitted by applicable law, the defense of an
inconvenient forum to the maintenance of such action or proceeding
in any such court.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
party hereto irrevocably consents to service of process in the
manner provided for notices in Section 8.2. Nothing in this
Agreement will affect the right of any party hereto to serve
process in any other manner permitted by applicable
law.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
party agrees (i) to not assert any claim against the Agent, any
Noteholder or any Related Party of the foregoing for special,
indirect, consequential or punitive damages arising out of or
otherwise relating to or alleged in connection with this Agreement
or any of the other Note Purchase Documents, any of the
transactions contemplated herein or in any other Note Purchase
Document or the actual or proposed use of the Term Loan and
Revolving Line evidenced by this Agreement and (ii) that the Agent,
the Noteholders and their respective Related Parties shall have no
responsibility or liability to any Obligor or any of its Related
Parties for any such damages.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.9</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Indemnification</font><font style="color: #000000">.</font>&#xA0;
<font style="color: #000000">(a) Borrower shall indemnify the
Agent, each Noteholder and each Related Party of any of the
foregoing Persons (each such Person being called an
&#x201C;</font><font style="font-weight: bold; color: #000000">Indemnitee</font><font style="color: #000000">&#x201D;) against, and hold each Indemnitee
harmless from, any and all losses, claims, damages, liabilities and
related costs and expenses (including the fees, charges and
disbursements of any counsel for any Indemnitee), incurred by any
Indemnitee or asserted against any Indemnitee by any Person
(including the Borrower) arising out of, in connection with, or as
a result of (i) the execution or delivery of this Agreement, any
other Note Purchase Document or any agreement or instrument
contemplated hereby or thereby, the performance by the parties
hereto of their respective obligations hereunder or thereunder or
the consummation of the transactions contemplated hereby or
thereby, (ii) the use or proposed use of the proceeds therefrom, or
(iii) any actual or prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory, whether brought by a third
party or by any Obligor, and regardless of whether any Indemnitee
is a party thereto; provided that such indemnity shall not, as to
any Indemnitee, be available to the extent that such losses,
claims, damages, liabilities or related expenses (x) are determined
by a court of competent jurisdiction by final and nonappealable
judgment to have resulted from the gross negligence or willful
misconduct of such Indemnitee or (y) result from a claim brought by
any Obligor against an Indemnitee for a material breach in bad
faith of such Indemnitee&#x2019;s obligations hereunder or under any
other Note Purchase Document, if any such Obligor has obtained a
final and nonappealable judgment in its favor on such claim as
determined by a court of competent
jurisdiction.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">33</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Borrower
shall not, without the prior written consent of the applicable
Indemnitee(s), effect any settlement of any pending or threatened
claim, litigation, investigation or proceeding in respect of which
such Indemnitee is or could have been a party and indemnity could
have been sought hereunder by such Indemnitee, unless such
settlement (i) includes an unconditional release of such Indemnitee
from all liability or claims that are the subject matter of such
proceeding and (ii) does not include a statement as to or an
admission of fault, culpability, or a failure to act by or on
behalf of such Indemnitee.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.10</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Acknowledgements</font><font style="color: #000000">.
Borrower hereby acknowledges that:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">it
has been advised by counsel in the negotiation, execution and
delivery of this Agreement and the other Note Purchase
Documents;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">neither the Agent nor any Noteholder
has any fiduciary relationship with or duty to Borrower arising out
of or in connection with this Agreement or any of the other Note
Purchase Documents, and the relationship between Agent and
Noteholders, on one hand, and the Borrower, on the other hand, in
connection herewith or therewith is solely that of debtor and
creditor; and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">no
joint venture is created hereby or by the other Note Purchase
Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Agent and the Noteholders or among
the Borrower, the Agent and the Noteholders.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.11</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Severability</font><font style="color: #000000">.
Any provision of this Agreement that is prohibited or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such
prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other
jurisdiction.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.12</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Survival</font><font style="color: #000000">.
All covenants, agreements, representations and warranties made by
the Obligors herein and in the certificates or other instruments
delivered in connection with or pursuant to this Agreement shall be
considered to have been relied upon by the Agent and the
Noteholders and shall survive the execution and delivery of this
Agreement and the making of the Term Loan and Revolving Advances,
regardless of any investigation made by the Agent or any Noteholder
or on its behalf and notwithstanding that the Agent or any
Noteholder may have had notice or knowledge of any Default or
incorrect representation or warranty at the time any credit is
extended hereunder, and shall continue in full force and effect as
long as the principal of or any accrued interest on the Loans or
any other amount payable under this Agreement is outstanding and
unpaid.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.13</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Confidentiality</font><font style="color: #000000">.
The Agent and the Noteholders agree to treat, and cause each of its
Affiliates to whom such information is disclosed by the Agent or
any Noteholder to treat, all non-public information provided to the
Agent and/or any Noteholder by any Obligor as confidential
information in accordance with customary banking and finance
industry practices.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.14</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Headings</font><font style="color: #000000">.
Section headings used herein are for convenience of reference only,
and shall not affect the construction of, or be taken into
consideration in interpreting, this Agreement or any other Note
Purchase Document.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">34</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.15</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">WAIVER
OF JURY TRIAL.</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #000000">EACH PARTY HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR ANY OTHER NOTE PURCHASE DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER
PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER
NOTE PURCHASE DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.16</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Entire
Agreement</font><font style="color: #000000">.</font> <font style="color: #000000">This Agreement and the other Note Purchase
Documents represent the final, entire agreement between the parties
regarding the subject matter hereof and may not be contradicted by
evidence of prior, contemporaneous, or subsequent oral agreements
of the parties. There are no unwritten oral agreements between the
parties.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.17</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">Marshaling,
Payments Set Aside</font><font style="color: #000000">. Neither the
Agent nor any Noteholder shall be under any obligation to marshal
any assets in favor of any Obligor or any other Person or against
or in payment of any or all of the Note Indebtedness. To the extent
that any payment by or on behalf of any Obligor is made to the
Agent or any Noteholder or the Agent or any Noteholder exercises
its right of setoff or enforces any security interest, and such
payment or the proceeds of such enforcement or setoff or any part
thereof is subsequently invalidated, declared to be fraudulent or
preferential, set aside or required (including pursuant to any
settlement entered into by the Agent or any Noteholder in its
discretion) to be repaid or returned to a trustee, receiver or any
other party, in connection with any proceeding under any
bankruptcy, insolvency or similar laws affecting creditors&#x2019;
rights generally or otherwise, then (a) to the extent of such
payment so returned or such recovery, as applicable, the obligation
or part thereof originally intended to be satisfied, and all Liens,
rights and remedies therefor or related thereto, shall be revived
and continued in full force and effect as if such payment had not
been made or such setoff or other enforcement action, as
applicable, had not occurred, and (b) each Noteholder severally
agrees to pay to the Agent upon demand its applicable share
(without duplication) of any amount so recovered from or repaid by
the Agent. The obligations of the Noteholders under clause (b) of
the preceding sentence shall survive the payment in full of the
Note Indebtedness and the termination of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.18</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; color: #000000">USA
Patriot Act Notice</font><font style="color: #000000">. To the
extent subject to the PATRIOT Act (as hereinafter defined), each
Noteholder and the Agent (for itself and not on behalf of any
Noteholder) hereby notifies the Obligors that pursuant to the
requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the &#x201C;</font><font style="font-weight: bold; color: #000000">PATRIOT Act</font><font style="color: #000000">&#x201D;), it is required to obtain, verify and
record information that identifies each Obligor, which information
includes the name and address of each Obligor and other information
that will allow such Noteholder or Agent, as applicable, to
identify each Obligor in accordance with the PATRIOT Act. Borrower
shall, promptly following a request by the Agent or any Noteholder,
provide all documentation and other information that the Agent or
such Noteholder requests in order to comply with its ongoing
obligations under applicable &#x201C;know your customer&#x201D; and
anti-money laundering rules and regulations, including the PATRIOT
Act.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
[Signature Pages Follow]</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">35</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">IN WITNESS
WHEREOF</font><font style="color: #000000">, the Borrower, the
Agent and the Noteholders have caused this Agreement to be duly
executed as of the date first above written.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td colspan="2" style="vertical-align: bottom; width: 40%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td rowspan="2" style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: bottom; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
BORROWER:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 40%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: bottom; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
GOODLAND ADVANCED FUELS, INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 33%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td rowspan="3" style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
By:</font></div>
</td>
<td style="vertical-align: top; width: 45%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;/s/ Michael L. Peterson</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 33%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Name: Michael L. Peterson</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 33%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Title: President and CEO</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 33%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td rowspan="2" style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%; border-bottom: 2px solid #000000">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 33%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 33%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Address:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">17
Canary Court</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Danville,
CA 94526</font></div>
</td>
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</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Attention:</font> <font style="color: #000000">Michael
Peterson</font></font></div>
</td>
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</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Facsimile: ___________________</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
e-mail:</font>&#xA0; <font style="color: #000000">michael@petersonhome.net</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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</td>
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</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
[signatures follow on next page]</font></div>
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<div id="ftr">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">[Signature
Page &#x2013; Note Purchase Agreement]</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
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<div id="hdr">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
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<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td colspan="2" style="vertical-align: bottom; width: 40%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td rowspan="2" style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: bottom; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
AGENT:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
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<td colspan="2" style="vertical-align: bottom; width: 40%">
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</td>
<td colspan="2" style="vertical-align: bottom; width: 57%">
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
THIRD EYE CAPITAL CORPORATION</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
By:</font></div>
</td>
<td style="vertical-align: top; width: 45%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Arif N. Bhalwani</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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</td>
<td style="vertical-align: top; width: 12%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Name:</font> <font style="color: #000000">Arif N.
Bhalwani</font></font></div>
</td>
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<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Title:</font> <font style="color: #000000">Managing
Director</font></font></div>
</td>
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<td style="vertical-align: top; width: 7%">
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</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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</td>
<td rowspan="2" style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Address:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Brookfield Place, TD Canada Trust Tower</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
161 Bay Street, Suite 3930</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Toronto, Ontario, M5J 2S1</font></div>
</td>
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</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Attention: Arif N. Bhalwani</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Facsimile: (416) 981-3393</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 33%">
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</td>
<td style="vertical-align: top; width: 3%">
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</td>
<td style="vertical-align: top; width: 12%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
e-mail:</font> <font style="color: #000000">ops@thirdeyecapital.com</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
[signatures follow on next page]</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">[Signature
Page &#x2013; Note Purchase Agreement]</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 55%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
NOTEHOLDER:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Commitment
in Revolving Line:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$500,000</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Pro
Rata Share of Revolving Line:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
5</font>%</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 55%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
THIRD EYE CAPITAL</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
CREDITOPPORTUNITIES FUND &#x2013; INSIGHT FUND</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
by its Managing General Partner</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
THIRD EYE CAPITAL CREDIT OPPORTUNITIES S.AR.L.</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Commitment
in Term Loan:</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Per:</font></div>
</td>
<td style="vertical-align: bottom; width: 46%; border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;/s/ Paul de
Quant<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$750,000</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:Paul
de Quant<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Pro
Rata Share in Term Loan:</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Manager<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
5</font>%</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Per:</font></div>
</td>
<td style="vertical-align: top; width: 46%; border-bottom: 2px solid #000000">
/s/ Arif N. Bhalwani</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
<font>Arif N. Bhalwani</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Manager<br></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Address:</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
19, Rue de Bitbourg</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
L-1273 Luxembourg</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">e-mail:</font></div>
</td>
<td style="vertical-align: top; width: 46%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
tec@mdo-services.com</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 55%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Commitment
in Revolving Line:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$4,000,000</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
</font>Pro Rata Share of Revolving Line:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
40%</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 55%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
THIRD EYE CAPITAL ALTERNATIVE CREDIT TRUST</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
by its Manager</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
THIRD EYE CAPITAL MANAGEMENT INC.</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Commitment
in Term Loan:</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Per:</font></div>
</td>
<td style="vertical-align: top; width: 46%; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Arif N. Bhalwani</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$6,000,000</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;
Arif N. Bhalwani</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Pro
Rata Share in Term Loan:</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Portfolio Manager</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
40</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">%</font></font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Address:</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3930 &#x2013; 161 Bay Street</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Toronto, ON M5J 2S1</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention:
Arif N. Bhalwani</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile:
<font style="color: #000000">416&#xA0;981 3393</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">e-mail:</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">arif@thirdeyecapital.com</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 55%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
NOTEHOLDER:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Commitment
in Revolving Line:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$5,500,000</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
</font>Pro Rata Share of Revolving Line:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">
55.0</font><font style="color: #000000; font-family: Times New Roman">%</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 55%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
MBI/TEC PRIVATE DEBT OPPORTUNITIES FUND I,
L.P.,</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
herein acting by its general partner</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
MBI/TEC PRIVATE DEBT GP L.P.,</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
itself acting by its general partner</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
MBI/TEC PRIVATE DEBT GP INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Commitment
in Term Loan:</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Per:</font></div>
</td>
<td style="vertical-align: top; width: 46%; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Arif N. Bhalwani</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$8,250,000</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Arif N. Bhalwani</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Pro
Rata Share in Term Loan:</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
President and CEO</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
55.0</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">%</font></font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Address:</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3930 &#x2013; 161 Bay Street</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Toronto, ON M5J 2S1</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention:
Arif N. Bhalwani</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile:
<font style="color: #000000">416&#xA0;981 3393</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 45%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">e-mail:</font></div>
</td>
<td style="vertical-align: top; width: 46%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">mbitecgp@thirdeyecapital.com</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div id="hdr">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Schedule 1.1(a)</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Commitments</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Term Loan Commitment</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
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<tr style="background-color: #d9d9d9">
<td style="vertical-align: bottom; width: 47%; border-left: 0.5pt solid #000000; border-top: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Name of Noteholder</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 28%; border-left: 0.5pt solid #000000; border-top: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Term Loan Commitment</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-top: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Term Loan Commitment Percentage</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 47%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Third Eye Capital Credit Opportunities Fund &#x2013; Insight
Fund</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 28%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
$750,000</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.0%</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 47%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Third Eye Capital Alternative Credit Trust</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 28%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
$6,000,000</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
40.0%</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 47%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
MBI/TEC Private Debt Opportunities Fund I, L.P.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 28%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
$8,250,000</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
55.0%</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 47%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Total:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 28%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
$15,000,000</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
100%</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Revolving Line Commitment</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: #d9d9d9">
<td style="vertical-align: bottom; width: 47%; border-left: 0.5pt solid #000000; border-top: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Name of Noteholder</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 28%; border-left: 0.5pt solid #000000; border-top: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Revolving Line Commitment</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-top: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Revolving Line Commitment Percentage</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 47%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Third Eye Capital Credit Opportunities Fund &#x2013; Insight
Fund</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 28%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
$500,000</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.0%</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 47%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Third Eye Capital Alternative Credit Trust</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 28%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
$4,000,000</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
40.0%</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 47%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
MBI/TEC Private Debt Opportunities Fund I, L.P.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 28%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
$5,500,000</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
55.0%</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 47%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Total:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 28%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
$10,000,000</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
100%</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Schedule 1.1(b)</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Form of Request for Revolving Advance</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
REQUEST FOR REVOLVING ADVANCE</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
TO:</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
THIRD EYE CAPITAL CORPORATION, AS AGENT FOR AND ON BEHALF OF THE
NOTEHOLDERS (as such terms are hereinafter defined)</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">This Request for Revolving Advance is delivered to
you pursuant to the Note Purchase Agreement, dated as of June 30,
2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the
&#x201C;</font><font style="font-weight: bold; color: #000000">Note
Purchase</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #000000">Agreement</font><font style="color: #000000">&#x201D;), entered into between</font> <font style="font-weight: bold; color: #000000">GOODLAND ADVANCED FUELS,
INC.</font><font style="color: #000000">, a Delaware corporation
(together with its successors and permitted assigns, the
&#x201C;</font><font style="font-weight: bold; color: #000000">Borrower</font><font style="color: #000000">&#x201D;), the noteholders made a party thereto
from time to time (the &#x201C;</font><font style="font-weight: bold; color: #000000">Noteholders</font><font style="color: #000000">&#x201D;), and</font> <font style="font-weight: bold; color: #000000">THIRD EYE CAPITAL
CORPORATION</font><font style="color: #000000">, as administrative
agent and collateral agent for and on behalf of the Noteholders (in
such aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;</font><font style="font-weight: bold; color: #000000">Agent</font><font style="color: #000000">&#x201D;). All capitalized terms used and not
otherwise defined in this Request for Revolving Advance shall have
the respective meanings set forth in the Note Purchase
Agreement.</font></font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Borrower hereby irrevocably requests a Loan, in accordance with the
applicable terms and conditions of the Note Purchase Agreement, as
follows:</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="display: table-cell; width: 528px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Proposed Drawdown Date (which shall be a Business
Day):</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="display: table-cell; width: 480px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Aggregate principal amount of Revolving
Advance:</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">$</font><font style="color: #000000">&#x25CF;</font></font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">3.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">All
of the conditions set forth in Section 3.2 of the Note Purchase
Agreement have been complied with.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">4.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
use of proceeds of the Loan will be as indicated in the Schedule
hereto.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Dated this</font> <font style="color: #000000">&#x25CF;</font>
<font style="color: #000000">day of</font><font style="color: #000000">&#x25CF;</font> <font style="color: #000000">201</font><font style="color: #000000">&#x25CF;</font><font style="color: #000000">.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 50%;">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 4px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
GOODLAND ADVANCED FUELS, INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 50%;">
<div style="text-align: left; margin-left: 0px; margin-right: 4px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<br></font></div>
</td>
<td style="width: 5%;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">By:</font></td>
<td style="vertical-align: top; width: 45%; border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 50%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="width: 5%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 45%;">
<div style="text-align: left; margin-left: 0px; margin-right: 4px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Name:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 4px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Title:</font></div>
</td>
</tr></table>
</div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font>&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Schedule 4(e)</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Chief Executive Office and Other Locations</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Borrower</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 24px">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
chief executive office of the Borrower is located at the following
address:</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">17
Canary Court</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Danville,
CA 94526</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 24px">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
address of the registered office of the Borrower in the
jurisdiction of its organization (as identified in the certificate
of incorporation of the Borrower) is the following:</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Incorporating
Services, Ltd.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3500
S. DuPont Hwy</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">City
of Dover, Delaware 19901</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 24px">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">3.</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Other
locations where the Borrower maintains any Property
are:</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">200
Energy Park Drive</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Goodland,
Kansas 67735</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Other Obligors</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 24px">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
chief executive office of the Guarantors is located at the
following address:</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">20400
Stevens Creek Blvd, Suite 700</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Cupertino, CA
95014</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 24px">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
address of the registered office of the Guarantors in the
jurisdiction of each of their organization (as identified in the
certificate of incorporation of each Guarantor) is the
following:</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">615
South Dupont Hwy</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Dover,
Delaware, 19901</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 24px">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">3.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Other
locations where the Guarantors maintain any Property
are:</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">_____________________</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">_____________________</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">_____________________</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Schedule 5.1(c)</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Form of Compliance Certificate</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">TO:</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Third
Eye Capital Corporation, as Agent</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">AND
TO:</font>&#xA0;&#xA0;&#xA0;<br></font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Noteholders</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">RE:</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Compliance Certificate for the</font> <font style="font-weight: bold; color: #000000">[fiscal year / quarter]</font>
<font style="color: #000000">ended ________________________ (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Statement
Date</font><font style="color: #000000">&#x201D;)</font></font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The undersigned, being a Responsible Officer,
refers to that certain Note Purchase Agreement, dated as of June
30, 2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the
&#x201C;</font><font style="font-weight: bold; color: #000000">Note
Purchase Agreement</font><font style="color: #000000">&#x201D;;
capitalized terms used but not defined herein having the meanings
set forth therein), among the Noteholders from time to time party
thereto, Third Eye Capital Corporation, as administrative agent and
collateral agent for and on behalf of the Noteholders (in such
aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;</font><font style="font-weight: bold; color: #000000">Agent</font><font style="color: #000000">&#x201D;), and Goodland Advanced Fuels, Inc., as
the borrower (the &#x201C;</font><font style="font-weight: bold; color: #000000">Borrower</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">I
have read the provisions of the Note Purchase Agreement and other
Note Purchase Documents which are relevant to this Compliance
Certificate and have made or caused to be made such examinations or
investigations as are necessary to enable me to express an informed
opinion on the matters contained in this Compliance
Certificate.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">2.&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The representations and warranties of the Borrower
contained in</font> <font style="text-decoration: underline; color: #000000">Section 4</font>
<font style="color: #000000">of the Note Purchase Agreement, or
which are contained in any document furnished at any time under or
in connection with the Note Purchase Documents, are true and
correct on and as of the date hereof, except to the extent that
such representations and warranties specifically refer to an
earlier date, in which case they are true and correct as of such
earlier date.</font></font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">3.&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">The Borrower hereby
certifies and warrants to you that the following is a true and
correct computation as at the date hereof of the ratio contained in
Section 5.2(l) of the Note Purchase Agreement:</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 84px; margin-right: 42px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline">Minimum
Ratio</font> <font style="color: #000000">The ratio of: (a) the sum
of (i) the most recent Mortgaged Property Market Value, and (ii)
the most recent Riverbank Project Value to (b) the Note
Indebtedness for the quarter ended on the Statement Date was
___:1.00 which was in compliance with the requirement under Section
5.2(l) of the Note Purchase Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">4.&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">The Borrower
further certifies to you that no Event of Default has occurred or
is occurring.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">5.&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">The financial
statements delivered herewith pursuant to Section 5.1(c)(1) or (2),
as applicable, of the Note Purchase Agreement for the period ended
as of the Statement Date <font style="color: #000000">fairly
present in all material respects such Borrower&#x2019;s financial
condition as of the Statement Date and such Borrower&#x2019;s
results of operations for the period then ended. There has not been
a material adverse change in the financial condition of Borrower
since the Statement Date</font>.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">IN WITNESS WHEREOF</font>, the Borrower has
caused this Compliance Certificate to be executed and delivered by
its duly authorized officer on [DATE].</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 46%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 8%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 47%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
GOODLAND ADVANCED FUELS, INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:
_________________________________</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Executive Officer</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Schedule 5.1(i)</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Use of Proceeds</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Term Loan, the Revolving Advances and other advances or
extensions of credit made to or for the benefit of any Obligor
under the Note Purchase Agreement will be used solely for the
following purposes:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 24px">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">With
respect to the Term Loan made to the Borrower on the Closing Date,
for the purposes of the Borrower paying the purchase price to
acquire the Mortgaged Property.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 24px">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">With
respect to any Revolving Advances made to the Borrower for its on
behalf or on behalf of an Obligor pursuant to the Revolving
Intercompany Note, for the purposes of (a) the prepayment of
interests on the Term Loan in accordance with the Agreement, (b)
paying the fees and expenses associated with the transactions
contemplated by the Note Purchase Documents (c) making Approved
Expenditures in accordance with the terms of the Agreement, which
shall be no less than $2,500,000 with respect to the Riverbank
Project, and (d) financing the Borrower&#x2019;s working capital and
general corporate requirements that are in each case approved by
the Agent, including, without limitation, payments of interest and
other fees and expenses in respect of the Term Loan, intercompany
advances by the Borrower in accordance with the Revolving
Intercompany Note or on its behalf and the payment of audit,
accounting, legal services, physical security, taxes, utilities,
insurance and costs of employees and independent contractors, and
other reasonable expenses of operations and maintenance related to
the Mortgaged Property, the Goodland Project and the Riverbank
Project.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Schedule 8.6</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Form of Assignment and Acceptance Agreement</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">This</font> <font style="font-weight: bold; color: #000000">ASSIGNMENT AND ACCEPTANCE
AGREEMENT</font> <font style="color: #000000">(this
&#x201C;</font><font style="font-weight: bold; color: #000000">Assignment and
Acceptance</font><font style="color: #000000">&#x201D;) dated as
of</font> <font style="color: #000000">&#x25CF;</font> <font style="color: #000000">and is made between</font> <font style="color: #000000">&#x25CF;</font> <font style="color: #000000">(the
&#x201C;</font><font style="font-weight: bold; color: #000000">Assignor</font><font style="color: #000000">&#x201D;) and</font> <font style="color: #000000">&#x25CF;</font> <font style="color: #000000">(the
&#x201C;</font><font style="font-weight: bold; color: #000000">Assignee</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
RECITALS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">WHEREAS</font><font style="color: #000000">, the Assignor</font><font style="font-weight: bold; color: #000000">&#xA0;</font><font style="color: #000000">is party to that certain Note Purchase Agreement,
dated as of June 30, 2017 (as amended, varied, supplemented,
restated, renewed or replaced at any time and from time to time,
the &#x201C;</font><font style="font-weight: bold; color: #000000">Note Purchase
Agreement</font><font style="color: #000000">&#x201D;), among the
Noteholders from time to time party thereto (such parties, together
with their respective successors and permitted assigns, are
referred to hereinafter each individually as a
&#x201C;</font><font style="font-weight: bold; color: #000000">Noteholder</font><font style="color: #000000">&#x201D; and collectively as the
&#x201C;</font><font style="font-weight: bold; color: #000000">Noteholders</font><font style="color: #000000">&#x201D;), Third Eye Capital Corporation, as
administrative agent and collateral agent for and on behalf of the
Noteholders (in such aforesaid capacities, or any successor or
assign in such capacities, the &#x201C;</font><font style="font-weight: bold; color: #000000">Agent</font><font style="color: #000000">&#x201D;), and Goodland Advanced Fuels, Inc., as
the borrower (the &#x201C;</font><font style="font-weight: bold; color: #000000">Borrower</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">WHEREAS</font><font style="color: #000000">, the Assignor has made a Term Loan and a
Revolving Line Commitment to the Borrower, of which an aggregate
principal amount of $</font><font style="color: #000000">&#x25CF;</font> <font style="color: #000000">is
currently outstanding on the date hereof (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Outstanding
Amount</font><font style="color: #000000">&#x201D;);</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">WHEREAS</font><font style="color: #000000">, in accordance with Section 8.6 of the Note
Purchase Agreement, the Assignor wishes to assign to the
Assignee</font> <font style="font-weight: bold; color: #000000">[part of the] [all]</font>
<font style="color: #000000">rights and obligations of the Assignor
under the Note Purchase Agreement, in an amount equal to (a)
$</font><font style="color: #000000">&#x25CF;</font><font style="color: #000000">of the Outstanding Amount (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Assigned
Amount</font><font style="color: #000000">&#x201D;) on the terms and
subject to the conditions set forth herein and the Assignee is
required under the Note Purchase Agreement to accept assignment of
such rights and to assume such obligations from the Assignor on
such terms and subject to such conditions.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">NOW,
THEREFORE</font><font style="color: #000000">, in consideration of
the foregoing and the mutual agreements contained herein, the
parties hereto agree as follows:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Assignment
and Acceptance</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 49px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Subject
to the terms and conditions of this Assignment and Acceptance, (i)
the Assignor hereby sells, transfers and assigns to the Assignee
and (ii) the Assignee hereby purchases, assumes and undertakes from
the Assignor, without recourse and without representation or
warranty (except as provided in this Assignment and Acceptance) the
(A) Assigned Amount and (B) all related rights, benefits,
obligations, liabilities and indemnities of the Assignor under and
in connection with the Note Purchase Agreement and the other Note
Purchase Documents.</font></div>
</div>
</div>
<div style="display: table; margin-left: 49px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">With
effect on and after the Effective Date (as defined in Section 5
hereof), the Assignee shall be a party to the Note Purchase
Agreement and succeed to all of the rights and be obligated to
perform all of the obligations of a Noteholder under the Note
Purchase Agreement, including the requirements concerning
confidentiality and the payment of indemnification, and acquire the
rights of the Assignor with respect to the Assigned Amount. The
Assignee agrees that it will perform in accordance with their terms
all of the obligations which by the terms of the Note Purchase
Documents are required to be performed by it as a Noteholder. It is
the intent of the parties hereto that the Assigned Amount shall, as
of the Effective Date, be assigned to the Assignee and the Assignor
shall relinquish its rights and be released from its obligations
under the Note Purchase Agreement in respect thereof.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Payments</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">As consideration for the sale, assignment and
transfer contemplated in Section 1 hereof, the Assignee shall pay
to the Assignor on the Effective Date in immediately available
funds an amount equal to $</font> <font style="color: #000000">&#x25CF;</font><font style="color: #000000">.</font></font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">3.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Reallocation
of Payments</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Any interest, fees and other payments accrued to the Effective Date
with respect to the interests and obligations assigned to and
assumed by the Assignee hereunder shall be for the account of the
Assignor. Any interest, fees and other payments accrued on and
after the Effective Date with respect to the interests and
obligations assigned to and assumed by the Assignee hereunder shall
be for the account of the Assignee. Each of the Assignor and the
Assignee agrees that it will hold in trust for the other party any
interest, fees and other amounts which it may receive to which the
other party is entitled pursuant to the preceding two sentences and
pay to the other party any such amounts which it may receive
promptly upon receipt.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">4.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Independent
Credit Decision</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Assignee (a) acknowledges that it has received a copy of the
Note Purchase Agreement and the Schedules and Exhibits thereto,
together with copies of the most recent financial statements of the
Borrower and other Obligors, and such other documents and
information as it has deemed appropriate to make its own credit and
legal analysis and decision to enter into this Assignment and
Acceptance; and (b) agrees that it will, independently and without
reliance upon the Assignor, the Agent or any other Noteholder and
based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit and legal
decisions in taking or not taking action under the Note Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">5.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Effective
Date: Notices</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">As between the parties hereto, the effective date
for this Assignment and Acceptance shall be</font> <font style="color: #000000">&#x25CF;</font> <font style="color: #000000">(the
&#x201C;</font><font style="font-weight: bold; color: #000000">Effective
Date</font><font style="color: #000000">&#x201D;); provided that the
following conditions precedent have been satisfied on or before the
Effective Date:</font></font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 116px">
<div style="display: table-row">
<div style="display: table-cell; width: 36px"><font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">this
Assignment and Acceptance shall be executed and delivered by the
Assignor and the Assignee;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 116px">
<div style="display: table-row">
<div style="display: table-cell; width: 36px"><font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
consent of the Agent required for an effective assignment of the
Assigned Amount as contemplated hereunder shall have been duly
obtained and shall be in full force and effect as of the Effective
Date; and</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 116px">
<div style="display: table-row">
<div style="display: table-cell; width: 36px"><font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
Assignee shall pay to the Assignor all amounts due to the
Assignor;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Promptly
following the execution of this Assignment and Acceptance, the
Assignor shall deliver to the Agent for acknowledgment by the
Agent, a Notice of Assignment in the form attached hereto as
Schedule I.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">6.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Agent</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Assignee hereby appoints and authorizes the Agent to take such
action as administrative agent and collateral agent on its behalf
and to exercise such powers under the Note Purchase Agreement as
are delegated to the Agent by the Noteholders pursuant to the terms
of the Note Purchase Agreement and the other Note Purchase
Document, and hereby confirms the conferring of the legal status of
Agent in accordance with the Note Purchase Documents.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
[The Assignee shall assume no duties or obligations held by the
Assignor in its capacity as Agent under the Note Purchase
Agreement.]</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">7.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Representations
and Warranties</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Assignor represents and warrants that (i) it is the legal and
beneficial owner of the interest being assigned by it hereunder and
that such interest is free and clear of any Lien or other adverse
claim; (ii) it is duly organized and existing and it has the full
power and authority to take, and has taken, all action necessary to
execute and deliver this Assignment and Acceptance and any other
documents required or permitted to be executed or delivered by it
in connection with this Assignment and Acceptance and to fulfill
its obligations hereunder, (iii) no notices to, or consents,
authorizations or approvals of, any Person are required (other than
any already given or obtained) for its due execution, delivery and
performance of this Assignment and Acceptance, and apart from any
agreements or undertakings or filings required by the Note Purchase
Agreement, no further action by, or notice to, or filing with, any
Person is required of it for such execution, delivery or
performance; and (iv) this Assignment and Acceptance has been duly
executed and delivered by it and constitutes the legal, valid and
binding obligation of it, enforceable against it in accordance with
the terms hereof, subject, as to enforcement, to bankruptcy,
insolvency, moratorium, reorganization and other laws of general
application relating to or affecting creditors&#x2019; rights and to
general equitable principles.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Assignor makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or
representations made in or in connection with the Note Purchase
Agreement or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Note Purchase Agreement or
any other instrument or document furnished pursuant thereto. The
Assignor makes no representation or warranty in connection with,
and assumes no responsibility with respect to, the solvency,
financial condition or statements of any of the Borrower or any
Obligor, or the performance or observance by any of the Borrower or
any Obligor, of any of their respective obligations under the Note
Purchase Agreement or other Note Purchase Documents or any other
instrument or document furnished in connection
therewith.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Assignee represents and warrants that (i) it is duly organized and
existing and it has full power and authority to take, and has
taken, all action necessary to execute and deliver this Assignment
and Acceptance and any other documents required or permitted to be
executed or delivered by it in connection with this Assignment and
Acceptance, and to fulfill its obligations hereunder;; (ii) no
notices to, or consents, authorizations or approvals of, any Person
are required (other than any already given or obtained) for its due
execution, delivery and performance of this Assignment and
Acceptance; and apart from any agreements or undertakings or
filings required by the Note Purchase Agreement, no further action
by, or notice to, or filing with, any Person is required of it for
such execution, delivery or performance; and (iii) this Assignment
and Acceptance has been duly executed and delivered by it and
constitutes the legal, valid and binding obligation of it,
enforceable against it in accordance with the terms hereof,
subject, as to enforcement, to bankruptcy, insolvency, moratorium,
reorganization and other laws of general application relating to or
affecting creditors&#x2019; rights and to general equitable
principles.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">8.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Further
Assurances</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Each of the parties hereto hereby agrees to execute and deliver
such other instruments, and take such other action, as any party
hereto may reasonably request in connection with the transactions
contemplated by this Assignment and Acceptance, including the
delivery of any notices or other documents or instruments to the
Borrower or the Agent, which may be required in connection with the
Note Purchase Agreement and the assignment and assumption
contemplated hereby.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">9.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Miscellaneous</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Any
amendment or waiver of any provision of this Assignment and
Acceptance shall be in writing and signed by the parties hereto. No
failure or delay by any party hereto in exercising any right, power
or privilege hereunder shall operate as a waiver thereof and any
waiver of any breach of the provisions of this Assignment and
Acceptance shall be without prejudice to any rights with respect to
any other or further breach thereof.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">All
payments made hereunder shall be made without any set-off or
counterclaim.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
of the parties hereto shall pay its own costs and expenses incurred
in connection with the negotiation, preparation, execution and
performance of this Assignment and Acceptance.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">This
Assignment and Acceptance may be executed in any number of
counterparts and all of such counterparts taken together shall be
deemed to constitute one and the same instrument.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">THIS
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN
CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OTHER NOTE PURCHASE DOCUMENT
(EXCEPT, AS TO ANY OTHER NOTE PURCHASE DOCUMENT, AS EXPRESSLY SET
FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
[Signature Page Follows]</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">IN WITNESS
WHEREOF</font><font style="color: #000000">, the parties to this
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[ASSIGNOR]</font></div>
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[ASSIGNEE]</font></div>
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THIRD EYE CAPITAL CORPORATION, as Agent</font></div>
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SCHEDULE I</font></div>
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to</font></div>
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ASSIGNMENT AND ACCEPTANCE</font></div>
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NOTICE OF ASSIGNMENT AND ACCEPTANCE</font></div>
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___________________, 20___</font></div>
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Third Eye Capital Corporation, as Agent</font></div>
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<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Re:</font>&#xA0;&#xA0;&#xA0;<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Goodland
Advanced Fuels, Inc. Note Purchase Agreement</font></div>
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Ladies and Gentlemen:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">We refer to the Note Purchase Agreement, dated as
of June 30, 2017 (the</font> <font style="font-weight: bold; color: #000000">Note Purchase
Agreement</font><font style="color: #000000">), among the financial
institutions from time to time parties thereto (such financial
institutions, together with their respective successors and
assigns, are referred to hereinafter each individually as a</font>
<font style="font-weight: bold; color: #000000">Noteholder</font>
<font style="color: #000000">and collectively as the Noteholders),
Third Eye Capital Corporation, as administrative agent and
collateral agent for the Noteholders (in such capacities, together
with any successors and assigns in such capacity, the</font>
<font style="font-weight: bold; color: #000000">Agent</font><font style="color: #000000">), and Goodland Advanced Fuels, Inc., as the
borrower (the</font> <font style="font-weight: bold; color: #000000">Borrower</font><font style="color: #000000">).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">We hereby give you notice of, and request the
consent of the Agent to, the assignment pursuant to the Assignment
and Acceptance attached hereto (the</font> <font style="font-weight: bold; color: #000000">Assignment and
Acceptance</font><font style="color: #000000">) by</font>
<font style="color: #000000">&#x25CF;</font> <font style="color: #000000">(the</font> <font style="font-weight: bold; color: #000000">Assignor</font><font style="color: #000000">) to</font> <font style="color: #000000">&#x25CF;</font> <font style="color: #000000">(the</font> <font style="font-weight: bold; color: #000000">Assignee</font><font style="color: #000000">) of the Assigned Amount and all right, title and
interest of the Assignor in and to the Note Purchase Agreement in
respect thereof.</font></font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The Assignee agrees that, upon receiving the
consent of the Agent, and if required, the Borrower, to such
assignment, the Assignee will be bound by the terms of the Term
Loan and Revolving Line Commitment and to the same extent as if the
Assignee were the Noteholder</font><font style="font-weight: bold; color: #000000">[s]</font> <font style="color: #000000">originally holding such
interest</font><font style="font-weight: bold; color: #000000">[s]</font>
<font style="color: #000000">in the Note Purchase
Agreement.</font></font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">3.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
following administrative details apply to the
Assignee:</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Notice
Address:</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
[Assignee name:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Address:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Attention:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 144px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Telephone: (</font>&#xA0;&#xA0; )<br></font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
<br></font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 144px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Telecopier: (</font>&#xA0;&#xA0; )<br></font></div>
<div style="display: table-cell; width: 192px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
]</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Payment
Instructions:</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
[For Assignee</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Account No.:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
At:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Reference:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 288px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Attention:</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
]</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">4.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">You
are entitled to rely upon the representations, warranties and
covenants of each of the Assignor and Assignee contained in the
Assignment and Acceptance.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
[Signature Page Follows]</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">IN WITNESS
WHEREOF</font><font style="color: #000000">, the Assignor and the
Assignee have caused this Notice of Assignment and Acceptance to be
executed by their respective duly authorized officers or
representatives as of the date first above
mentioned.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td colspan="2" style="vertical-align: bottom; width: 42%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
[NAME OF ASSIGNOR]</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
By:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 38%; border-bottom: 2px solid #000000">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 9%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 32%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Name:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 38%; border-bottom: 2px solid #000000">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 9%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 32%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Title:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 38%; border-bottom: 2px solid #000000">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<td style="vertical-align: top; width: 9%">
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</td>
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</td>
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</td>
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</td>
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</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
[NAME OF ASSIGNEE]</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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</td>
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</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
By:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<td style="vertical-align: top; width: 9%">
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</td>
<td style="vertical-align: top; width: 32%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Name:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Title:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>amtx_ex103.htm
<DESCRIPTION>GENERAL SECURITY AGREEMENT
<TEXT>
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<head>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Exhibit
10.3</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">GENERAL
SECURITY AGREEMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">made
by</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">AEMETIS,
INC.,</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">as a
Grantor</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">THE
OTHER GRANTORS FROM TIME TO TIME PARTY HERETO</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">in
favor of</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">THIRD
EYE CAPITAL CORPORATION,</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">as
Agent</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Dated
as of&#xA0;July 10, 2017</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
TABLE OF CONTENTS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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Page</font></div>
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</div>
</div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
I DEFINED TERMS</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.01. Definitions</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.02. Other Definitional Provisions</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
II [RESERVED]</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
III GRANT OF SECURITY INTEREST</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.01. Grant of Security</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
IV REPRESENTATIONS AND WARRANTIES</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">6</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.01. Title; No Other Liens</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">6</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.02. Perfected First Priority Liens</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.03. Chief Executive Office; Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.04. Inventory and Equipment</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.05. Farm Products</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.06. Investment Property</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.07. Receivables</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">9</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.08. Intellectual Property</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">9</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.09. Securities Accounts, Commodities Accounts and Deposit
Accounts</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.10. Commercial Tort Claims</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.11. Letters of Credit</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.12. Independent Investigation; Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.13. Assigned Agreements</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
V COVENANTS</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: -24px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.01. Delivery and Control of Instruments, Investment Property,
Negotiable Documents, Chattel Paper, Letter-of-Credit Rights, and
Transferable Records</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.02. Maintenance of Insurance</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">14</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.03. Payment of Guaranteed Obligations</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">14</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.04. Maintenance of Perfected Security Interest; Limitation on
Dispositions; Further Documentation; Inspection; Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">14</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.05. Changes in Locations; Name; Jurisdiction of Incorporation;
Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">15</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.06. Notices</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">15</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.07. Investment Property</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">16</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.08. Inventory and Equipment</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">16</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.09. Receivables</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">17</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.10. Intellectual Property</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">17</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.11. Commercial Tort Claims</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">19</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.12. Assigned Agreements</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">19</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.13. Covenants in Note Purchase Agreement.</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">20</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
VI REMEDIAL PROVISIONS</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">20</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.01. Certain Matters Relating to Receivables</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">20</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.02. Communications with Obligors; Grantors Remain
Liable</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">20</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.03. Voting Rights; Dividends; Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">21</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.04. Proceeds to be Turned Over To Agent</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">22</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.05. Application of Proceeds</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">22</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.06. Remedies</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">23</font></div>
</td>
</tr></table>
</div>
<div style="text-indent: 12px; margin-right: 0px;">
<font>&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">ii</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 12px; margin-right: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
TABLE OF CONTENTS</font><br></font></div>
<div style="text-align: center; text-indent: 12px; margin-right: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">(continued)</font><br></font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Page</font></div>
&#xA0; <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.07. Registration Rights</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">24</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.08. Deficiency</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">25</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.09. Sales on Credit</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">25</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
VII THE AGENT</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">25</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.01. Agent&#x2019;s Appointment as Attorney-in-Fact;
Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">25</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.02. Duty of Agent</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.03. Financing Statements</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.04. Authority of Agent</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
VIII MISCELLANEOUS</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.01. Amendments in Writing</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.02. Notices</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.03. Security Interest Absolute</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">28</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.04. No Waiver by Course of Conduct; Cumulative
Remedies</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">28</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.05. Indemnity and Expenses</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">28</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.06. Successors and Assigns</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">28</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.07. Set-Off</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">29</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.08. Counterparts</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">29</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.09. Severability</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">29</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.10. Headings</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">29</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.11. Governing Law</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">29</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.12. Submission To Jurisdiction</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">30</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.13. Acknowledgements</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">30</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.14. Additional Grantors</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">30</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.15. Release</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">31</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.16. WAIVER OF JURY TRIAL</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">31</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.17. INTEGRATION</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">31</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.18. Time is of the Essence</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">31</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.19. Survival</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">31</font></div>
</td>
</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">iii</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
SCHEDULES</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
1<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Assigned
Agreements</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
2<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Investment
Property</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
3</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Perfection
Matters</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
4<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Jurisdictions of
Organization and Chief Executive Offices</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
5</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Inventory and
Equipment Locations</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
6<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Intellectual
Property</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
7</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Commercial Tort
Claims</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
8&#xA0;<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Equipment Subject
to Certificate of Title Statutes</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
9</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Letters of
Credit</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 88px; padding-right: 8px;"><font style="font-family: Times New Roman; font-size: 13px">Schedule10</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Existing Prior
Liens</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
ANNEXES</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Annex
1</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Form of Assumption
Agreement</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Annex
2</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Form of
Intellectual Property Security Agreement</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Annex
3&#xA0;&#xA0;<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Form of
Intellectual Property Security Agreement Supplement</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Annex
4&#xA0;&#xA0;&#xA0;<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Form of Consent and
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
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<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">iv</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
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</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">GENERAL
SECURITY AGREEMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">This
GENERAL SECURITY AGREEMENT, (the &#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;) dated as of
July 10, 2017, is made by Aemetis, Inc., a Nevada corporation (the
&#x201C;<font style="text-decoration: underline">Company</font>&#x201D;), as a grantor,
and each other Person that may from time to time become party
hereto as a grantor (collectively with the Company, the
&#x201C;<font style="text-decoration: underline">Grantors</font>&#x201D;), in favor of
THIRD EYE CAPITAL CORPORATION, as administrative agent and
collateral agent for and on behalf of the Noteholders (as defined
in the Note Purchase Agreement referred to below) (in such
aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">RECITALS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">A.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Goodland
Advanced Fuels, Inc., the Noteholders from time to time party
thereto, and the Agent have entered into that certain Note Purchase
Agreement of even date herewith (as amended, varied, supplemented,
restated, renewed or replaced at any time and from time to time,
the "<font style="text-decoration: underline">Note Purchase
Agreement</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">B.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor has entered into that certain Limited Guaranty of even date
herewith (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the "<font style="text-decoration: underline">Limited Guaranty</font>") to guarantee
the Guaranteed Obligations (as defined in the Limited
Guaranty);</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">C.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor will derive substantial direct and indirect benefit from
the making of the Loans under the Note Purchase Agreement;
and</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">D.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;It
is a condition precedent to the obligation of the Noteholders to
make Loans under the Note Purchase Agreement that each Grantor
shall have executed and delivered this Agreement to the Agent, for
the benefit of the Agent, the Noteholders from time to time party
to the Note Purchase Agreement and any other holder of any Note
Indebtedness (collectively with the Agent and the Noteholders, the
&#x201C;<font style="text-decoration: underline">Secured
Parties</font>&#x201D;).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the premises and to induce the
Noteholders to make the Loans pursuant to the Note Purchase
Agreement and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, each
Grantor hereby agrees with the Agent, for the benefit of the
Secured Parties, as follows:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="_Toc212630155"><!--anchor--></a>ARTICLE I</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">DEFINED
TERMS</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.01.&#xA0; <font style="text-decoration: underline">Definitions</font></font><font style="font-family: Times New Roman; font-size: 13px">. Unless otherwise
defined herein, terms defined in the Note Purchase Agreement and
used herein shall have the meanings given to them in the Note
Purchase Agreement. Furthermore, unless otherwise defined in this
Agreement or in the Note Purchase Agreement, terms defined in
Article 8 or 9 of the UCC (as defined below) are used in this
Agreement as such terms are defined in such Article 8 or
9.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
following terms shall have the following meanings:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Accounts</font>" means all "accounts"
as such term is defined in Article 9 of the UCC.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Agreement</font>" means this General
Security Agreement, as amended, varied, supplemented, restated,
renewed or replaced at any time and from time to time.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Assigned Agreements</font>" means the
contracts and agreements listed in <font style="text-decoration: underline">Schedule 1</font>, as the same may be
amended, restated, supplemented or otherwise modified from time to
time, including, without limitation, (i) all rights of any Grantor
to receive moneys due and to become due to it thereunder or in
connection therewith, (ii) all rights of any Grantor to receive
proceeds of any insurance, indemnity, warranty, or guaranty
thereunder or in connection therewith, (iii) all rights of any
Grantor to damages arising thereunder or in connection therewith
and (iv) all rights of any Grantor to perform thereunder and to
compel performance and otherwise exercise rights and remedies
thereunder.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Assumption Agreement</font>" means an
Assumption Agreement in substantially the form of <font style="text-decoration: underline">Annex&#xA0;1</font> to this
Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Capital Stock</font>&#x201D; means,
with respect to any Person, (a) any and all of the shares,
interests, rights, participations or other equivalents (however
designated) of capital stock of (or other ownership or profit
interests in) such Person, (b) any and all of the warrants, options
or other rights for the purchase or acquisition from such Person of
shares of capital stock of (or other ownership or profit interests
in) such Person, and (c) all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or
profit interests in) such Person or warrants, rights or options for
the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit
interests in such Person (including partnership, member or trust
interests therein), in the case of clauses (a) through (c) above,
whether voting or nonvoting, and whether or not such shares,
participations, warrants, options, rights or other interests are
outstanding on any date of determination.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Collateral</font>" has the meaning
specified in Section 3.01.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Collateral Accounts</font>" means any
collateral account established by the Agent pursuant to this
Agreement or the Note Purchase Agreement. Each Collateral Account
shall be in the name of the Agent and shall be under the sole
dominion and control of the Agent.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Commodity Account Control
Agreement</font>" has the meaning specified in Section
5.01(e).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Company</font>" has the meaning
specified in the opening paragraph of this Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Computer Software</font>" means all
computer software, programs and databases (including, without
limitation, source code, object code and all related applications
and data files), firmware and documentation and materials relating
thereto, together with any and all maintenance rights, service
rights, programming rights, hosting rights, test rights,
improvement rights, renewal rights and indemnification rights and
any substitutions, replacements, improvements, error corrections,
updates and new versions of any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Consent to Assignment of Letter of
Credit Rights</font>" has the meaning specified in Section
5.01(g).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Control Agreement</font>" means a
Deposit Account Control Agreement, Securities Account Control
Agreement, Commodity Account Control Agreement or Uncertificated
Security Control Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Copyright Licenses</font>" means any
written agreement naming any Grantor as licensor or licensee
(including, without limitation, those listed in <font style="text-decoration: underline">Schedule 6</font>), granting any right
under any Copyright, including, without limitation, the grant of
rights to manufacture, distribute, exploit and sell materials
derived from any Copyright.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Copyrights</font>" means (i) all
copyrights arising under the laws of the United States, any other
country or any political subdivision thereof, whether registered or
unregistered and whether published or unpublished (including,
without limitation, those listed in <font style="text-decoration: underline">Schedule 6</font>), all registrations
and recordings thereof, and all applications in connection
therewith, including, without limitation, all registrations,
recordings and applications in the United States Copyright Office,
and (ii) the right to obtain all renewals thereof.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Deposit Account Control
Agreement</font>" has the meaning specified in Section
5.01(f).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Equipment</font>" means all
"equipment" as such term is defined in Article 9 of the UCC and, in
any event, includes, without limitation, all machinery, tools,
office equipment, furniture, furnishings, and fixtures (including
trade fixtures and business fixtures) and all parts thereof and all
accessions thereto and all software related thereto.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">General Intangibles</font>" means all
"general intangibles" as such term is defined in Article 9 of the
UCC and, in any event, includes, without limitation, with respect
to each Grantor, (i)&#xA0;all tax refunds, claims for tax refunds,
and tax credits, (ii)&#xA0;all permits, licenses, approvals,
authorizations, consents, variances, and certifications of any
Governmental Authority, (iii)&#xA0;all judgments, claims, tort
claims, and causes of action, (iv)&#xA0;all property, casualty,
liability, business interruption, and other insurance of any kind
or character, and all insurance claims and insurance refund claims,
(v)&#xA0;all letters of credit and letter-of-credit rights,
(vi)&#xA0;all payment intangibles, (vii)&#xA0;all lists, customer
lists, books, records, recorded knowledge, goodwill, ledgers, files
(whether in printed form or stored electronically), designs,
blueprints, data, specifications, engineering reports, and manuals,
computer programs and software, and (viii)&#xA0;all contracts,
agreements, instruments and indentures in any form, and portions
thereof, to which such Grantor is a party or under which such
Grantor has any right, title or interest or to which such Grantor
or any property of such Grantor is subject, as the same may from
time to time be amended, supplemented, replaced or otherwise
modified, including, without limitation, (A) all rights of such
Grantor to receive moneys due and to become due to it thereunder or
in connection therewith, (B) all rights of such Grantor to damages
arising thereunder and (C) all rights of such Grantor to perform
and to exercise all remedies thereunder.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Indemnified Party</font>" has the
meaning specified in Section 8.05(a).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Intellectual Property</font>" means
the collective reference to all rights, priorities and privileges
relating to intellectual property, whether arising under United
States, multinational or foreign laws or otherwise, including,
without limitation, all Copyrights, Patents, Trademarks, IP
Agreements, Trade Secrets, Computer Software, and internet domain
names, and all rights to sue at law or in equity for any
infringement or other impairment thereof, including the right to
receive all proceeds and damages therefrom.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Intellectual Property Security
Agreement</font>" has the meaning specified in Section
5.10(f).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Intercompany Note</font>" means each
Revolving Intercompany Note and any other promissory note
evidencing loans, advances or other extensions of credit made by
any Grantor to any other Obligor or any of such Grantor&#x2019;s
Subsidiaries.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Inventory</font>" means all
"inventory" as such term is defined in Article 9 of the UCC and, in
any event, includes, without limitation, (i)&#xA0;all goods held
for sale or lease or to be furnished under contracts of service or
so leased or furnished, all raw materials, component materials,
work in process, finished goods, supplies and other materials used
or consumed in the manufacture, packing, shipping, advertising,
selling, leasing, furnishing or production of such inventory or
otherwise used or consumed in any Grantor&#x2019;s business,
(ii)&#xA0;all goods in which any Grantor has an interest in mass or
a joint or other interest or right of any kind, (iii) all goods
that are returned to or repossessed by or on behalf of any Grantor,
(iv)&#xA0;all computer programs embedded in any goods and all
accessions thereto and products thereof and (v)&#xA0;all documents
therefor and all software relating to any of the
foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Investment Property</font>" means the
collective reference to (i) all "investment property" as such term
is defined in Section 9-102(a)(49) of the UCC, and (ii) whether or
not constituting "investment property" as so defined, all Pledged
Securities.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">IP Agreements</font>" means all
Copyright Licenses, Patent Licenses, Trademark Licenses and all
other agreements, permits, consents, orders, and franchises
relating to the license, development or use of any Copyright,
Patent, Trademark, Computer Software or Trade Secret.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Issuers</font>" means the collective
reference to each issuer of any Investment Property.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Patent Licenses</font>" means all
agreements, whether written or oral, providing for the grant by or
to any Grantor of any right to manufacture, use or sell any
invention covered in whole or in part by a Patent, including,
without limitation, any of the foregoing referred to in
<font style="text-decoration: underline">Schedule
6</font>.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Patents</font>" means (i) all letters
patent of the United States, any other country or any political
subdivision thereof, all reissues and extensions thereof and all
goodwill associated therewith, including, without limitation, any
of the foregoing referred to in <font style="text-decoration: underline">Schedule 6</font>, (ii) all
applications for letters patent of the United States or any other
country and all divisions, continuations and continuations-in-part
thereof, including, without limitation, any of the foregoing
referred to in <font style="text-decoration: underline">Schedule
6</font>, and (iii) all rights to obtain any reissues or extensions
of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Commodity Contracts</font>"
means all commodity contracts listed on <font style="text-decoration: underline">Schedule 2</font> and all other
commodity contracts to which any Grantor is party from time to
time.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Debt Securities</font>" means
all debt securities now owned or hereafter acquired by any Grantor,
including, without limitation, the debt securities listed on
<font style="text-decoration: underline">Schedule 2</font>,
together with any certificates, options, rights or security
entitlements of any nature whatsoever in respect of the debt
securities of any Person that may at any time be issued or granted
to, or held by, any Grantor.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Equity Interests</font>" shall
mean all Pledged Stock, Pledged LLC Interests, Pledged Partnership
Interests and Pledged Trust Interests.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged LLC Interests</font>" means
all interests of any Grantor now owned or hereafter acquired in any
limited liability company including, without limitation, all
limited liability company interests listed on <font style="text-decoration: underline">Schedule 2</font> hereto under the
heading "Pledged LLC Interests" and the certificates, if any,
representing such limited liability company interests and any
interest of such Grantor on the books and records of such limited
liability company and all dividends, distributions, cash, warrants,
rights, options, instruments, securities and other property or
proceeds from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of such
limited liability company interests and any other warrant, right or
option to acquire any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Notes</font>" means all
Intercompany Notes at any time issued to any Grantor and all other
promissory notes issued to or held by any Grantor, including,
without limitation, the Pledged Notes described on <font style="text-decoration: underline">Schedule&#xA0;2</font>.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Partnership Interests</font>"
means all interests of any Grantor now owned or hereafter acquired
in any general partnership, limited partnership, limited liability
partnership or other partnership including, without limitation, all
partnership interests listed on <font style="text-decoration: underline">Schedule 2</font> hereto under the
heading "Pledged Partnership Interests" and the certificates, if
any, representing such partnership interests and any interest of
such Grantor on the books and records of such partnership and all
dividends, distributions, cash, warrants, rights, options,
instruments, securities and other property or proceeds from time to
time received, receivable or otherwise distributed in respect of or
in exchange for any or all of such partnership interests and any
other warrant, right or option to acquire any of the
foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Securities</font>" means the
collective reference to the Pledged Debt Securities, the Pledged
Notes and the Pledged Equity Interests.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Security Entitlements</font>"
means all security entitlements with respect to the financial
assets listed on <font style="text-decoration: underline">Schedule
2</font> and all other security entitles of any
Grantor.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Stock</font>" means all shares
of Capital Stock now owned or hereafter acquired by any Grantor,
including, without limitation, all shares of Capital Stock
described on <font style="text-decoration: underline">Schedule&#xA0;2</font> hereto under
the heading "Pledged Stock", and the certificates, if any,
representing such shares and any interest of such Grantor in the
entries on the books of the issuer of such shares and all
dividends, distributions, cash, warrants, rights, options,
instruments, securities and other property or proceeds from time to
time received, receivable or otherwise distributed in respect of or
in exchange for any or all of such shares and any other warrant,
right or option to acquire any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Trust Interests</font>" means
all interests of any Grantor now owned or hereafter acquired in a
Delaware business trust or other trust including, without
limitation, all trust interests listed on <font style="text-decoration: underline">Schedule 2</font> hereto under the
heading "Pledged Trust Interests" and the certificates, if any,
representing such trust interests and any securities intermediary
pertaining to such interests and all dividends, distributions,
cash, warrants, rights, options, instruments, securities and other
property or proceeds from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or all
of such trust interests and any other warrant, right or option to
acquire any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Proceeds</font>" shall mean all
"proceeds" as defined in Article 9 of the UCC and, in any event,
includes, without limitation, (i)&#xA0;all payments, dividends or
distributions made with respect to any Investment Property,
(ii)&#xA0;whatever is receivable or received when Collateral or
proceeds are sold, exchanged, collected or otherwise disposed of,
whether such disposition is voluntary or involuntary, and (iii) all
insurance proceeds.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Receivable</font>" means any right to
payment for goods sold or leased or for services rendered, whether
or not such right is evidenced by an instrument or chattel paper
and whether or not it has been earned by performance (including,
without limitation, any Account).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Secured Parties</font>" has the
meaning specified in the recitals hereto.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Securities Account Control
Agreement</font>" has the meaning specified in Section
5.01(d).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Securities Act</font>" means the
Securities Act of 1933, as amended.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Trademark Licenses</font>" means any
agreement, whether written or oral, providing for the grant by or
to any Grantor of any right to use any Trademark, including,
without limitation, any of the foregoing referred to in
<font style="text-decoration: underline">Schedule
6</font>.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Trademarks</font>" means (i) all
trademarks, trade names, corporate names, company names, business
names, fictitious business names, trade styles, service marks,
logos and other source or business identifiers, and all goodwill
associated therewith, now existing or hereafter adopted or
acquired, all registrations and recordings thereof, and all
applications in connection therewith, whether in the United States
Patent and Trademark Office or in any similar office or agency of
the United States, any State thereof or any other country or any
political subdivision thereof, or otherwise, and all common-law
rights related thereto, including, without limitation, any of the
foregoing referred to in <font style="text-decoration: underline">Schedule 6</font>, and (ii) the right
to obtain all renewals thereof.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Trade Secrets</font>" means all
confidential and proprietary information, including, without
limitation, know-how, trade secrets, manufacturing and production
processes and techniques, inventions, research and development
information, databases and data, including, without limitation,
technical data, financial, marketing and business data, pricing and
cost information, business and marketing plans and customer and
supplier lists and information.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">UETA</font>" means the Uniform
Electronic Transactions Act, as in effect in any applicable
jurisdiction.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">UCC</font>" means the Uniform
Commercial Code as in effect from time to time in the State of New
York; provided, that if perfection or the effect of perfection or
non-perfection or the priority of any security interest in any
Collateral is governed by the Uniform Commercial Code as in effect
in a jurisdiction other than the State of New York,
&#x201C;UCC&#x201D; means the Uniform Commercial Code as in effect
from time to time in such other jurisdiction for purposes of the
provisions hereof relating to such perfection, effect of perfection
or non-perfection or priority.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Uncertificated Security Control
Agreement</font>" has the meaning specified in Section
5.01(c).</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.02. <font style="text-decoration: underline">Other Definitional
Provisions</font></font><font style="font-family: Times New Roman; font-size: 13px">. The rules of
construction specified in Sections 1.2, 1.3 and 1.4 of the Note
Purchase Agreement shall apply to this Agreement, <font style="font-style: italic">mutatis mutandis</font>.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
expressions "payment in full," "paid in full" and any other similar
terms or phrases when used herein with respect to the Guaranteed
Obligations shall mean the unconditional, final, indefeasible and
irrevocable payment in full, in immediately available funds, of all
of the Guaranteed Obligations.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 84px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Where
the context requires, terms relating to the Collateral or any part
thereof, when used in relation to a Grantor, shall refer to such
Grantor&#x2019;s Collateral or the relevant part
thereof.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
II</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">[RESERVED]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
III</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">GRANT
OF SECURITY INTEREST</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.01.&#xA0; <font style="text-decoration: underline">Grant of
Security</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor
hereby assigns and transfers to the Agent, and hereby grants to the
Agent, for the benefit of the Secured Parties, a security interest
in, all of the following property now owned or at any time
hereafter acquired by such Grantor or in which such Grantor now has
or at any time in the future may acquire any right, title or
interest (collectively, the "<font style="text-decoration: underline">Collateral</font>"), as collateral
security for the prompt and complete payment and performance when
due (whether at the stated maturity, by acceleration or otherwise)
of the Guaranteed Obligations (as defined in the Limited
Guaranty):</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 120px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
Accounts;</font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 120px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 120px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
as-extracted collateral;</font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 120px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 120px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
chattel paper;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all commercial tort claims, including those described on
<font style="text-decoration: underline">Schedule&#xA0;7</font>;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all deposit accounts;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
documents;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all Equipment;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all fixtures;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
General Intangibles;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(j)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
goods;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(k)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all instruments;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(l)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
Intellectual Property;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(m)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all Inventory;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(n)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all Investment Property;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(o)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all money;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(p)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all supporting obligations;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(q)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all real property and all other personal property of any kind or
character, whether tangible or intangible;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(r)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all books and records pertaining to the Collateral;
and</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(s)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;to
the extent not otherwise included, all Proceeds and products of any
and all of the foregoing and all collateral security and guarantees
given by any Person with respect to any of the
foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
IV</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">REPRESENTATIONS
AND WARRANTIES</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">To
induce the Noteholders to make the Loans under the Note Purchase
Agreement, each Grantor hereby represents and warrants, to the
Agent and each other Secured Party that as of the date of this
Agreement (and such other times that Grantors are required to make
these representations and warranties under this Agreement or
another Note Purchase Document):</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.01. <font style="text-decoration: underline">Title; No Other
Liens</font></font><font style="font-family: Times New Roman; font-size: 13px">. Except for the
security interest granted to the Agent, for the benefit of the
Secured Parties, pursuant to this Agreement or any other Note
Purchase Document and the other Liens expressly permitted to exist
on the Collateral pursuant to the Note Purchase Agreement, such
Grantor is the legal and beneficial owner of each item of the
Collateral free and clear of any and all Liens, claims, or other
encumbrances. No financing statement, fixture filing or other
public notice with respect to all or any part of the Collateral is
on file or of record in any filing or recording office, except such
as have been filed in favor of the Agent, for the benefit of the
Secured Parties, pursuant to this Agreement or any other Note
Purchase Document or as are otherwise expressly permitted under the
Note Purchase Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.02.&#xA0; <font style="text-decoration: underline">Perfected
Priority Liens</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
security interests granted pursuant to this Agreement (i) upon
completion of the filings and other actions specified on Schedule 3
(which, in the case of all filings and other documents referred to
on said Schedule, have been delivered to the Agent in completed and
duly executed form and may be filed by the Agent at any time) will
constitute valid perfected security interests in all of the
Collateral in favor of the Agent, for the benefit of the Secured
Parties, as collateral security for the Guaranteed Obligations,
enforceable in accordance with the terms hereof against all
creditors of such Grantor and any Persons purporting to purchase
any Collateral from such Grantor and (ii) are prior to all other
Liens on the Collateral except for (A) unrecorded Liens expressly
permitted by the Note Purchase Agreement which have priority over
the Liens on the Collateral by operation of law and (B) Liens
described on Schedule 10.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Without
limiting Section 4.02(a), each Grantor has taken all actions
necessary or desirable, to the extent required by the Note Purchase
Documents or requested by the Agent, including without limitation
those specified in Section 5.01 of this Agreement to: (i) establish
the Agent&#x2019;s "control" (within the meanings of Sections 8-106
and 9-106 of the UCC) over any portion of the Investment Property
of such Grantor constituting certificated securities,
uncertificated securities, securities accounts, security
entitlements, or commodity accounts or commodity contracts, (ii)
establish the Agent&#x2019;s "control" (within the meaning of
Section 9-104 of the UCC) over all deposit accounts of such
Grantor, (iii) establish the Agent&#x2019;s "control" (within the
meaning of Section 9-107 of the UCC) over all letter-of-credit
rights of such Grantor, (iv) establish the Agent&#x2019;s "control"
(within the meaning of Section 9-105 of the UCC) over all
electronic chattel paper of such Grantor and (v) establish the
Agent&#x2019;s "control" within the meaning of Section 16 of the
UETA over all "transferable records" (as defined in UETA) of such
Grantor.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
tangible chattel paper, instruments and negotiable documents of
each Grantor has been delivered to the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.03.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">Chief Executive Office;
Etc</font></font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor&#x2019;s type of organization, jurisdiction of organization,
organizational identification number, taxpayer identification
number and the location of each Grantor&#x2019;s chief executive
office or sole place of business, as the case may be, are specified
on <font style="text-decoration: underline">Schedule
4</font>.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor&#x2019;s exact legal name is set forth on <font style="text-decoration: underline">Schedule 4</font> and such Grantor has
not conducted business in the last five (5) years, and does not
conduct business, under any other name (including any trade-name or
fictitious business name) except for those names listed on
<font style="text-decoration: underline">Schedule
4</font>.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Except as provided in <font style="text-decoration: underline">Schedule 4</font>, such Grantor has
not changed its name, jurisdiction of organization, organizational
identification number, type of organization, taxpayer
identification number, chief executive office or sole place of
business or its organizational structure in any way (e.g., by
merger, consolidation, change in organizational form or otherwise)
within the past five (5) years.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor has not within the last five (5) years become bound
(whether by merger or otherwise) as a debtor under a security
agreement entered into by another Person, which has not been
terminated other than security agreements identified on
<font style="text-decoration: underline">Schedule
4</font>.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to each security agreement identified on <font style="text-decoration: underline">Schedule 4</font> pursuant to Section
4.04(d), such Grantor has set forth on <font style="text-decoration: underline">Schedule 4</font> the information
required pursuant to clauses (a), (b) and (c) of this Section for
the debtor under each such security agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">7</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
actions and consents, filings, notices, registrations, and
recordings necessary or desirable for the exercise by the Agent of
the voting or other rights provided for in this Agreement or the
exercise of remedies in respect of the Collateral have been taken,
made or obtained or, in the case of filings or recordings,
authorized.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
information on <font style="text-decoration: underline">Schedule
4</font> with respect to such Grantor is true and correct in all
respects.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
information supplied by such Grantor to the Agent with respect to
the Collateral is accurate and complete.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.04. <font style="text-decoration: underline">Inventory and
Equipment</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
of the Inventory and the Equipment of such Grantor is kept at the
locations listed on <font style="text-decoration: underline">Schedule 5</font>.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;None
of the Inventory or Equipment of such Grantor is in the possession
of an issuer of a negotiable document (as defined in Section 7-104
of the UCC) therefor or otherwise in the possession of a bailee or
warehouseman.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
Equipment of such Grantor that is subject to a certificate of title
statute is described on <font style="text-decoration: underline">Schedule 8</font>.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.05. <font style="text-decoration: underline">Farm
Products</font></font><font style="font-family: Times New Roman; font-size: 13px">. None of the
Collateral constitutes, or is the Proceeds of, farm
products.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.06. <font style="text-decoration: underline">Investment
Property</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Schedule
2</font> hereto sets forth under the headings "Pledged Stock,"
"Pledged LLC Interests," "Pledged Partnership Interests" and
"Pledged Trust Interests," respectively, all of the Pledged Stock,
Pledged LLC Interests, Pledged Partnership Interests and Pledged
Trust Interests owned by each Grantor and such Pledged Equity
Interests constitute the percentage of issued and outstanding
shares of stock, percentage of membership interests, percentage of
partnership interests or percentage of beneficial or ownership
interests of the respective Issuers thereof indicated on such
Schedule.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Schedule
2</font> hereto sets forth under the heading "Pledged Debt
Securities" or "Pledged Notes" all of the Pledged Debt Securities
and Pledged Notes owned by each Grantor and (i) each such Pledged
Debt Security and Pledged Note has been duly authorized,
authenticated or issued, and delivered and is the legal, valid and
binding obligation of the Issuer thereof enforceable against such
Issuer in accordance with its terms, and (ii) the Issuer of each
such Pledged Debt Security is not in default of any of its
obligations thereunder.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
of the Pledged Equity Interests owned by such Grantor has been duly
authorized and validly issued and is fully paid and
nonassessable.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor is the record and beneficial owner of, and has good and
marketable title to, the Pledged Equity Interests pledged by it
hereunder, free and clear of any and all Liens or options in favor
of, or claims of, any other Person, except the security interest
created by this Agreement, and there are no outstanding preemptive
rights, warrants, options or other rights to purchase, or
shareholder, voting trust or similar agreements outstanding with
respect to, or property that is convertible into, or that requires
the issuance or sale of, Pledged Equity Interests.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">8</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
No consent of any Person, including any other general or limited
partner, any other member of a limited liability company, any other
shareholder or any other trust beneficiary is necessary or
desirable in connection with the creation, perfection or first
priority status of the security interest of the Agent hereunder in
any Pledged Equity Interests or the exercise by the Agent of the
voting or other rights provided for in this Agreement or the
exercise of remedies in respect thereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
certificated securities owned by such Grantor have been delivered
to the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
terms of each Pledged Partnership Interest and Pledged LLC Interest
expressly provide that they are securities governed by Article 8 of
the Uniform Commercial Code.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.07. <font style="text-decoration: underline">Receivables</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Each Receivable (i) is and will be the legal, valid and binding
obligation of the account debtor in respect thereof, (ii) is and
will be enforceable in accordance with its terms, (iii) is and will
not be subject to any setoffs, defenses, taxes or counterclaims
(except with respect to disputes, refunds, returns, discounts and
allowances in the ordinary course of business) and (iv) is and will
be in compliance with all Requirements of Law.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
No amount payable to such Grantor under or in connection with any
Receivable is evidenced by any certificated security, instrument or
tangible chattel paper that has not been delivered to the Agent or
constitutes electronic chattel paper that has not been subjected to
the control (within the meaning of Section 9-105 of the UCC) of the
Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;None
of the obligors on any of the Receivables is a Governmental
Authority.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
amounts represented by such Grantor to the Agent from time to time
as owing to such Grantor in respect of the Receivables will at such
times be accurate.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.08.&#xA0;&#xA0; <font style="text-decoration: underline">Intellectual
Property.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
The operation of such Grantor&#x2019;s business as currently
conducted or as contemplated to be conducted and the use of the
Intellectual Property in connection therewith do not conflict with,
infringe, misappropriate, dilute, misuse or otherwise violate the
intellectual property rights of any third party.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Such Grantor is the exclusive owner of all right, title and
interest in and to the Intellectual Property, and is entitled to
use all Intellectual Property subject only to the terms of the IP
Agreements.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Intellectual Property set forth on <font style="text-decoration: underline">Schedule&#xA0;6</font> hereto includes
all of the patents, patent applications, domain names, trademark
registrations and applications, copyright registrations and
applications and IP Agreements owned by such Grantor.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Intellectual Property is subsisting and has not been adjudged
invalid or unenforceable in whole or part, and to the best of such
Grantor&#x2019;s knowledge, is valid and enforceable. Such Grantor
is not aware of any uses of any item of Intellectual Property that
could be expected to lead to such item becoming invalid or
unenforceable.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">9</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor has made or performed all filings, recordings and other
acts and has paid all required fees and taxes to maintain and
protect its interest in each and every item of Intellectual
Property in full force and effect throughout the world, and to
protect and maintain its interest therein including, without
limitation, recordations of any of its interests in the Patents and
Trademarks with the United States Patent and Trademark Office and
in corresponding national and international patent offices, and
recordation of any of its interests in the Copyrights with the
United States Copyright Office and in corresponding national and
international copyright offices. Such Grantor has used proper
statutory notice in connection with its use of each patent,
trademark and copyright in the Intellectual Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
claim, action, suit, investigation, litigation or proceeding has
been asserted or is pending or threatened against such Grantor (i)
based upon or challenging or seeking to deny or restrict the
Grantor&#x2019;s rights in or use of any of the Intellectual
Property, (ii) alleging that the Grantor&#x2019;s rights in or use
of the Intellectual Property or that any services provided by,
processes used by, or products manufactured or sold by, such
Grantor infringe, misappropriate, dilute, misuse or otherwise
violate any patent, trademark, copyright or any other proprietary
right of any third party, or (iii) alleging that the Intellectual
Property is being licensed or sublicensed in violation or
contravention of the terms of any license or other agreement. To
the best of Grantor&#x2019;s knowledge, no Person is engaging in any
activity that infringes, misappropriates, dilutes, misuses or
otherwise violates the Intellectual Property or the Grantor&#x2019;s
rights in or use thereof. Except as set forth on <font style="text-decoration: underline">Schedule&#xA0;6</font> hereto, such
Grantor has not granted any license, release, covenant not to sue,
non-assertion assurance, or other right to any Person with respect
to any part of the Intellectual Property. The consummation of the
transactions contemplated by the Note Purchase Documents will not
result in the termination or impairment of any of the Intellectual
Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;To
the best of Grantor&#x2019;s knowledge, with respect to each IP
Agreement: (i) such IP Agreement is valid and binding and in full
force and effect and represents the entire agreement between the
respective parties thereto with respect to the subject matter
thereof; (ii) such IP Agreement will not cease to be valid and
binding and in full force and effect on terms identical to those
currently in effect as a result of the rights and interest granted
herein, nor will the grant of such rights and interest constitute a
breach or default under such IP Agreement or otherwise give any
party thereto a right to terminate such IP Agreement; (iii) such
Grantor has not received any notice of termination or cancellation
under such IP Agreement; (iv) such Grantor has not received any
notice of a breach or default under such IP Agreement, which breach
or default has not been cured; (v) such Grantor has not granted to
any other third party any rights, adverse or otherwise, under such
IP Agreement; and (vi) neither such Grantor nor any other party to
such IP Agreement is in breach or default thereof in any material
respect, and no event has occurred that, with notice or lapse of
time or both, would constitute such a breach or default or permit
termination, modification or acceleration under such IP
Agreement.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;To
the best of such Grantor&#x2019;s knowledge, (A) none of the Trade
Secrets of such Grantor has been used, divulged, disclosed or
appropriated to the detriment of such Grantor for the benefit of
any other Person other than such Grantor; (B) no employee,
independent contractor or agent of such Grantor has misappropriated
any trade secrets of any other Person in the course of the
performance of his or her duties as an employee, independent
contractor or agent of such Grantor; and (C) no employee,
independent contractor or agent of such Grantor is in default or
breach of any term of any employment agreement, non-disclosure
agreement, assignment of inventions agreement or similar agreement
or contract relating in any way to the protection, ownership,
development, use or transfer of such Grantor&#x2019;s Intellectual
Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
Grantor or Intellectual Property is subject to any outstanding
consent, settlement, decree, order, injunction, judgment or ruling
restricting the use of any Intellectual Property or that would
impair the validity or enforceability of such Intellectual
Property.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.09.&#xA0; <font style="text-decoration: underline">Securities
Accounts, Commodities Accounts and Deposit
Accounts</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">10</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Schedule
2</font> sets forth under the headings "Securities Accounts" and
"Commodities Accounts," respectively, all of the securities
accounts and commodities accounts in which each Grantor has an
interest. Each Grantor is the sole entitlement holder of each such
securities account and commodity account shown opposite its name on
Schedule 2, and such Grantor has not consented, to, and is not
otherwise aware of, any Person (other than the Agent pursuant
hereto) having "control" (within the meanings of Sections 8-106 and
9-106 of the UCC) over, or any other interest in or claim against,
any such securities account or commodity account or any securities,
commodities or other property credited thereto.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Schedule
2</font> sets forth under the heading "Deposit Accounts" all of the
deposit accounts in which each Grantor has an interest. Each
Grantor is the sole account holder of each such deposit account
shown opposite its name on <font style="text-decoration: underline">Schedule 2</font> and such Grantor has
not consented to, and is not otherwise aware of, any Person (other
than the Agent pursuant hereto) having "control" (within the
meaning of Section 9-104 of the UCC) over, or any other interest in
or claim against, any such deposit account or any money or other
property deposited therein.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.10. <font style="text-decoration: underline">Commercial Tort
Claims</font></font><font style="font-family: Times New Roman; font-size: 13px">. Such Grantor has
no commercial tort claims other than (a) those listed on
<font style="text-decoration: underline">Schedule 7</font>, or (b)
as to which the actions required by Section 5.11 have been
taken.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.11. <font style="text-decoration: underline">Letters of
Credit</font></font><font style="font-family: Times New Roman; font-size: 13px">. Such Grantor is
not a beneficiary or assignee under any letter of credit, other
than the letters of credit described in <font style="text-decoration: underline">Schedule&#xA0;9</font>, and legal,
binding and enforceable consents, in substantially the form of the
Consent to Assignment of Letter of Credit Rights, are in effect for
each letter of credit in which such Grantor has rights. Such
Grantor has instructed all issuers and nominated Persons under
letters of credit in which such Grantor is the beneficiary or
assignee to make all payments thereunder to a Collateral
Account.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.12.&#xA0; <font style="text-decoration: underline">Independent
Investigation; Etc</font></font><font style="font-family: Times New Roman; font-size: 13px">. Such Grantor has,
independently and without reliance upon any Secured Party and based
on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this
Agreement. Such Grantor will benefit directly and indirectly from
its execution and delivery of this Agreement and from the making of
the Loans by the Noteholders under the Note Purchase Agreement.
There are no conditions precedent to the effectiveness of this
Agreement that have not been satisfied or waived.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.13. <font style="text-decoration: underline">Assigned
Agreements.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
consent of any party (other than such Grantor) to any Assigned
Agreement is required, or purports to be required, in connection
with the execution, delivery and performance of this
Agreement.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Assigned Agreement has been duly authorized, executed and delivered
by each of the parties thereto, is in full force and effect, and
constitutes a valid and legally enforceable obligation of the
parties thereto, subject to the effects of bankruptcy, insolvency,
reorganization, moratorium and other similar laws relating to or
affecting creditors&#x2019; rights generally and general equitable
principles (whether considered in a proceeding in equity or at
law).</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
consent or authorization of, filing with or other act by or in
respect of any Governmental Authority is required in connection
with the execution, delivery, performance, validity or
enforceability of any of the Assigned Agreements by any party
thereto other than those which have been duly obtained, made or
performed, are in full force and effect and do not subject the
scope of any such Assigned Agreement to any limitation, either
specific or general in nature.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">11</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Neither
such Grantor nor (to the best of such Grantor&#x2019;s knowledge)
any of the other parties to the Assigned Agreements is in default
in the performance or observance of any of the terms thereof in any
manner that, in the aggregate, could reasonably be expected to have
a Material Adverse Effect.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
right, title and interest of such Grantor in, to and under the
Assigned Agreements are not subject to any defenses, offsets,
recoupments, counterclaims or claims that, in the aggregate, could
reasonably be expected to have a Material Adverse
Effect.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor has delivered to the Agent a complete and correct copy of
each Assigned Agreement, including all amendments, supplements and
other modifications thereto.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
amount payable to such Grantor under or in connection with any
Assigned Agreement is evidenced by any instrument or chattel paper
that has not been delivered to the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;None
of the parties to any Assigned Agreement is a Governmental
Authority.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
requested by the Agent, each party to the Assigned Agreements
(other than a Grantor) has executed and delivered to the Agent a
consent in substantially the form of <font style="text-decoration: underline">Annex 4</font> hereto, to the
assignment of the Assigned Agreements to the Agent, for the benefit
of the Secured Parties, pursuant to this Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
V</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">COVENANTS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">Each
Grantor covenants and agrees with the Secured Parties that, from
and after the date of this Agreement until the Guaranteed
Obligations shall have been paid and performed in
full:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.01. <font style="text-decoration: underline">Delivery and Control
of Instruments, Investment Property, Negotiable Documents, Chattel
Paper, Letter-of-Credit Rights, and Transferable
Records.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
any of the Collateral is or shall become evidenced by any
instrument, certificated security, negotiable document or tangible
chattel paper, such Grantor shall immediately deliver such
instrument, certificated security, negotiable document or tangible
chattel paper to the Agent, duly indorsed in a manner satisfactory
to the Agent, to be held as Collateral pursuant to this
Agreement.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
any of the Collateral is or shall become electronic chattel paper,
such Grantor shall ensure that (i) a single authoritative copy
exists which is unique, identifiable, and unalterable (except as
provided in clauses (iii), (iv) and (v) of this Section 5.01(b)),
(ii) such authoritative copy identifies the Agent as the assignee
and is communicated to and maintained by the Agent or its designee,
(iii) copies or revisions that add or change the assignee of the
authoritative copy can only be made with the participation of the
Agent, (iv) each copy of the authoritative copy and any copy of a
copy is readily identifiable as a copy and not the authoritative
copy and (v) any revision of the authoritative copy is readily
identifiable as an authorized or unauthorized
revision.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
any of the Collateral is or shall become evidenced or represented
by an uncertificated security, such Grantor shall immediately cause
the Issuer thereof either (i) to register the Agent as the
registered owner of such uncertificated security, upon original
issue or registration of transfer or (ii) to agree in writing with
such Grantor and the Agent that such Issuer will comply with
instructions with respect to such uncertificated security
originated by the Agent without further consent of such Grantor,
such agreement to be in form and substance satisfactory to the
Agent (each such agreement being an "<font style="text-decoration: underline">Uncertificated Security Control
Agreement</font>").</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">12</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to any Investment Property of such Grantor consisting of a
securities account or security entitlement, such Grantor shall, at
the request of the Agent, enter into, and shall cause the
securities intermediary maintaining such securities account or
security entitlement to enter into, a control agreement with the
Agent in form and substance satisfactory to the Agent pursuant to
which such securities intermediary shall agree to comply with the
entitlement orders and other instructions originated by the Agent
without further consent of such Grantor (each such agreement being
a "<font style="text-decoration: underline">Securities Account
Control Agreement</font>").</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to any Investment Property of such Grantor consisting of a
commodity account or commodity contract, such Grantor shall, at the
request of the Agent, enter into, and shall cause the commodity
intermediary maintaining such commodity account or commodity
contract to enter into, a control agreement with the Agent in form
and substance satisfactory to the Agent, pursuant to which such
commodity intermediary shall agree to comply with the Agent&#x2019;s
instructions to apply any value distributed on account of any
commodity contract carried in the commodity account or other
directions concerning the commodity account originated by the
Agent, in each case without further consent by such Grantor (each
such agreement being a "<font style="text-decoration: underline">Commodity Account Control
Agreement</font>").</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to each deposit account of such Grantor, such Grantor
shall, at the request of the Agent, enter into, and shall cause the
bank maintaining such deposit account to enter into, a control
agreement with the Agent in form and substance satisfactory to the
Agent pursuant to which such bank shall agree to comply with
instructions originated by the Agent directing the disposition of
funds in such deposit account without further consent by such
Grantor (such agreement being a "<font style="text-decoration: underline">Deposit Account Control
Agreement</font>").</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to any letter-of-credit rights of such Grantor, such
Grantor shall, at the request of the Agent, obtain the consent of
the issuer thereof and any nominated Person thereon to the
assignment of the proceeds of the related letter of credit to the
Agent in accordance with Section 5-114(c) of the UCC, such consent
to be in form and substance satisfactory to the Agent (each such
consent being a "<font style="text-decoration: underline">Consent
to Assignment of Letter of Credit Rights</font>").</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor shall, at the request of the Agent, enter into Control
Agreements with respect to any securities accounts, security
entitlements, commodity contracts, commodity accounts, and deposit
accounts that are created or acquired after the Closing Date, as of
or prior to the deposit or transfer of any such security
entitlements, commodity contracts or funds into such securities
accounts, commodity accounts or deposit accounts.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor will maintain all transferable records (as such term is
defined in the UETA) so that the Agent has control of the
transferable records in the manner specified in Section&#xA0;16 of
the UETA.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(j)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Upon
the request of the Agent, such Grantor will notify each Issuer of
Investment Property that such Investment Property is subject to the
security interest granted hereunder.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(k)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
addition to and not in lieu of the foregoing, if any Issuer of any
Investment Property is organized under the law of, or has its chief
executive office in, a jurisdiction outside of the United States,
each Grantor shall take such additional actions, including, without
limitation, causing the Issuer to register the pledge on its books
and records, as may be necessary or as may be requested by the
Agent, under the laws of such jurisdiction to ensure the validity,
perfection and priority of the security interest of the
Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">13</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.02. <font style="text-decoration: underline">Maintenance of
Insurance.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor will maintain (or cause to be maintained), with financially
sound and reputable companies, insurance policies (i) insuring its
Inventory and Equipment against loss by fire, explosion, theft and
such other casualties as may be reasonably satisfactory to the
Agent and (ii) insuring such Grantor, the Agent and the other
Secured Parties against liability for personal injury and property
damage relating to such Inventory and Equipment, such policies to
be in such form and amounts and having such coverage as may be
reasonably satisfactory to the Agent. Such Grantor shall, if so
requested by the Agent, deliver to the Agent original or duplicate
copies of such policies of insurance.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Each such policy of insurance shall (i) provide that no
cancellation, lapse, expiration, reduction in amount or change in
coverage thereof shall be effective until at least 30 days after
receipt by the Agent of written notice thereof; provided that the
foregoing shall be satisfied if such Grantor uses commercially
reasonable efforts to obtain such terms, (ii) in the case of
liability insurance, provide for all losses to be paid to such
Grantor and the Secured Parties as their interests may appear, and
(iii) be reasonably satisfactory in all other respects to the
Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
an Event of Default shall have occurred and be continuing, the
Agent shall have the sole right, in the name of the Grantor or in
its own name, to file claims under any insurance policies, to
receive, receipt and give acquittance for any payments that may be
payable thereunder, and to execute any and all endorsements,
receipts, releases, assignments, reassignments or other documents
may be necessary to effect the collection, compromise or settlement
of any claims under any such insurance policies.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.03. <font style="text-decoration: underline">Payment of
Indebtedness</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor will
pay and discharge or otherwise satisfy at or before maturity or
before they become delinquent, as the case may be, all taxes,
assessments and governmental charges or levies imposed upon the
Collateral or in respect of income or profits therefrom, as well as
all claims of any kind (including, without limitation, claims for
labor, materials and supplies) against or with respect to the
Collateral, except that no such charge need be paid if the amount
or validity thereof is currently being contested in good faith by
appropriate proceedings, reserves in conformity with GAAP with
respect thereto have been provided on the books of such Grantor and
such proceedings could not reasonably be expected to result in the
sale, forfeiture or loss of any portion of the Collateral or any
interest therein.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.04. <font style="text-decoration: underline">Maintenance of
Perfected Security Interest; Limitation on Dispositions; Further
Documentation; Inspection; Etc.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall, at its sole cost and expense, maintain the security
interest created under this Agreement as a perfected security
interest having at least the priority described in <font style="text-decoration: underline">Section 4.02</font> and shall defend
such security interest against the claims and demands of all
Persons whomsoever.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; Such Grantor shall not sell, assign, transfer, lease, or
otherwise dispose of, or abandon or permit a lapse of, or grant or
permit any Lien on, any of the Collateral or any interest therein,
except as expressly permitted by the Note Purchase
Agreement.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Such Grantor will furnish to the Agent from time to time statements
and schedules further identifying and describing the Collateral and
other assets and property of such Grantor and such other reports in
connection therewith as the Agent may reasonably request, all in
such detail as the Agent may specify.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;At
any time and from time to time, upon the written request of the
Agent, and at the sole cost and expense of such Grantor, such
Grantor will promptly and duly authorize, execute and deliver, and
have recorded, all further instruments and documents and take all
further actions as may be necessary or desirable or that the Agent
may request for the purpose of perfecting or protecting the
assignments and security interests granted hereunder and obtaining
or preserving the full benefits of this Agreement and of the rights
and powers herein granted, including, without limitation,
(i)&#xA0;executing and filing any financing or continuation
statements under the Uniform Commercial Code (or other similar
laws) in effect in any jurisdiction with respect to the security
interests created hereby, (ii) delivering and pledging to the Agent
for the benefit of the Secured Parties certificates representing
the Pledged Equity Interests that constitute certificated
securities, accompanied by undated stock powers executed in blank,
(iii)&#xA0;complying with any Requirement of Law (including the
Federal Assignment of Claims Act) as to any Collateral if such
compliance is deemed necessary or advisable by the Agent for the
attachment, perfection or priority of, or the ability of the Agent
to enforce, the Agent&#x2019;s security interest in such Collateral,
(iv)&#xA0;obtaining consents and approvals from any Governmental
Authority or other Person, including without limitation any consent
of any licensor, lessor or other Person obligated on Collateral,
and (v)&#xA0;obtaining waivers from mortgagees, lessors, landlords,
warehousemen, and repairmen in form and substance satisfactory to
the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall permit the Agent, or its designee, to inspect and
audit the Collateral at any reasonable time or times, wherever
located; provided, however, that unless an Event of Default has
occurred and is continuing, Agent shall provide at least three (3)
business days&#x2019; notice. Such Grantor shall reimburse the Agent
on demand for all reasonable and necessary costs and expenses
incurred by the Agent in connection with inspections and audits of
Collateral; provided, however, that Grantor shall not be obligated
to reimburse the Agent for such costs and expenses for more than
two (2) such inspections and audits during each fiscal year unless
an Event of Default has occurred and is continuing.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall not take or permit any action that could impair the
Agent&#x2019;s rights in the Collateral or the perfection or
priority of the security interests created hereunder.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.05. <font style="text-decoration: underline">Changes in
Locations; Name; Jurisdiction of Incorporation;
Etc</font></font><font style="font-family: Times New Roman; font-size: 13px">. Such Grantor will
not, except upon thirty (30) days&#x2019; prior written notice to
the Agent and (a) taking all action required by the Agent to
maintain the validity, perfection and priority of the security
interests provided for herein and (b) if applicable, delivery to
the Agent of a written supplement to <font style="text-decoration: underline">Schedule 5</font> showing any
additional location at which Inventory or Equipment shall be kept
(which supplement may be attached to <font style="text-decoration: underline">Schedule 5</font> by the
Agent):</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;permit
any of the Inventory or Equipment to be kept at a location other
than those listed on <font style="text-decoration: underline">Schedule 5</font>; or</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
change its name, type of organization, jurisdiction of
organization, organizational identification number, federal
taxpayer identification number, or the location of its chief
executive office or sole place of business from that referred to in
<font style="text-decoration: underline">Schedule
4</font>.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.06. <font style="text-decoration: underline">Notices</font></font><font style="font-family: Times New Roman; font-size: 13px">. Such Grantor will
advise the Agent immediately, in reasonable detail,
of:</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
Lien (other than security interests created hereby or Liens
permitted under the Note Purchase Agreement) on any of the
Collateral which would adversely affect the ability of the Agent to
exercise any of its remedies hereunder; and</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
occurrence of any other event which could reasonably be expected to
have a material adverse effect on the aggregate value of the
Collateral or on the security interests created
hereunder.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">15</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.07.&#xA0; <font style="text-decoration: underline">Investment
Property.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Without
the prior written consent of the Agent, such Grantor will not (i)
vote to enable, or take any other action to permit, any Issuer to
issue any Capital Stock of any nature or to issue any other
securities, obligations, rights, or other interests convertible
into or granting the right to purchase or exchange for any Capital
Stock of any nature of any Issuer, (ii) sell, assign, transfer,
exchange, or otherwise dispose of, or grant any option with respect
to, any of the Investment Property or Proceeds thereof (except, in
each case, pursuant to a transaction expressly permitted by the
Note Purchase Agreement), (iii) create, incur or permit to exist
any Lien or option in favor of, or any claim of any Person with
respect to, any of the Investment Property or Proceeds thereof, or
any interest therein, except for the security interests created by
this Agreement or (iv) enter into any agreement or undertaking
restricting the right or ability of such Grantor or the Agent to
sell, assign or transfer any of the Investment Property or Proceeds
thereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the case of each Grantor which is an Issuer, such Issuer agrees
that (i) it will be bound by the terms of this Agreement relating
to the Investment Property issued by it and will comply with such
terms insofar as such terms are applicable to it, (ii) it will
notify the Agent promptly in writing of the occurrence of any of
the events described in clause (A), (B) or (C) of Section
6.03(a)(ii) with respect to the Investment Property issued by it
and (iii) the terms of Sections 6.03(d) and 6.06 shall apply to it,
<font style="font-style: italic">mutatis mutandis</font>, with
respect to all actions that may be required of it pursuant to
Section 6.03(d) or 6.06 with respect to the Investment Property
issued by it. In addition, each Grantor which is either an Issuer
or an owner of any Investment Property consents to the grant by
each other Grantor of the security interest hereunder in favor of
the Agent and to the transfer of any Investment Property to the
Agent or its nominee upon the occurrence or during the continuation
of an Event of Default and to the substitution of the Agent or its
nominee as a partner, member or shareholder of the Issuer of the
related Investment Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall comply with all of its obligations under each Organic
Document governing or relating to Pledged Securities and shall
enforce all of its rights with respect to any Investment
Property.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.08. <font style="text-decoration: underline">Inventory and
Equipment.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
producing its Inventory, such Grantor will comply with all
Requirements of Law, including, without limitation, the Fair Labor
Standards Act. Such Grantor shall maintain all of its Inventory in
good saleable and usable condition</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Such Grantor will cause the Equipment of such Grantor to be
maintained and preserved in the same condition, repair and working
order as when new, ordinary wear and tear excepted, and in
accordance with any manufacturer&#x2019;s manual relating thereto,
and will forthwith, or in the case of any loss or damage to any of
such Equipment as soon as practicable after the occurrence thereof,
make or cause to be made all repairs, replacements and other
improvements in connection therewith that are necessary or
desirable to such end.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall not deliver any document evidencing any Equipment or
Inventory to any Person other than the issuer of such document to
claim the goods evidenced thereby or the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
If any Equipment or Inventory having a value in excess of $25,000
individually or $100,000 in the aggregate is in the possession or
control of a third party, including, without limitation, any
warehouseman, bailee or agent, such Grantor shall immediately
notify the Agent thereof and shall join with the Agent in promptly
notifying the third party of the Agent&#x2019;s security interest
and obtaining a written acknowledgment from the third party that it
is holding the Equipment or Inventory for the benefit, and subject
to the security interest, of the Agent. Such acknowledgment must be
satisfactory in form and substance to the Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">16</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to any item of Equipment that is covered by a certificate
of title or ownership under a statute of any jurisdiction under the
law of which indication of a security interest on such certificate
is required as a condition of perfection thereof, such Grantor
shall, at the request of the Agent, promptly (i) provide to the
Agent information with respect to any such Equipment, (ii) execute
and file with the registrar of motor vehicles or other appropriate
authority in such jurisdiction an application or other document
requesting the notation or other indication of the security
interest created hereunder on each such certificate of title, and
(iii) deliver to the Agent copies of all such applications or other
documents so filed and copies of all such certificates of title
issued indicating the security interests created hereunder in the
items of Equipment covered thereby.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.09. <font style="text-decoration: underline">Receivables.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Other
than in the ordinary course of business consistent with its past
practice, such Grantor will not (i) grant any extension of the time
of payment of any Receivable, (ii) adjust, compromise or settle any
Receivable for less than the full amount thereof, (iii) release,
wholly or partially, any Person liable for the payment of any
Receivable, (iv) allow any credit or discount whatsoever on any
Receivable or (v) amend, supplement or modify any Receivable in any
manner that could adversely affect the value thereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall keep and maintain at its own cost and expense
satisfactory and complete records of the Receivables, including,
but not limited to, the originals of all documentation with respect
to all Receivables and records of all payments received and all
credits granted on the Receivables, all merchandise returned and
all other dealings therewith.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall perform in all material respects all of its
obligations with respect to the Receivables.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall use its best efforts to keep in full force and effect
any supporting obligation relating to any Receivable.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor will deliver to the Agent a copy of each demand, notice or
document received by it that questions or calls into doubt the
validity or enforceability of more than 5% of the aggregate amount
of the then outstanding Receivables.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.10. <font style="text-decoration: underline">Intellectual
Property.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to each item of its Intellectual Property, each Grantor
agrees to take, at its expense, all necessary steps, including,
without limitation, in the United States Patent and Trademark
Office, the United States Copyright Office and any other
Governmental Authority, to (i) maintain the validity and
enforceability of such Intellectual Property and maintain such
Intellectual Property in full force and effect, and (ii) pursue the
registration and maintenance of each patent, trademark, or
copyright registration or application, now or hereafter included in
such Intellectual Property of such Grantor, including, without
limitation, the payment of required fees and taxes, the filing of
responses to office actions issued by the United States Patent and
Trademark Office, the United States Copyright Office or other
Governmental Authorities, the filing of applications for renewal or
extension, the filing of affidavits under Sections 8 and 15 of the
United States Trademark Act, the filing of divisional,
continuation, continuation-in-part, reissue and renewal
applications or extensions, the payment of maintenance fees and the
participation in interference, reexamination, opposition,
cancellation, infringement and misappropriation proceedings. No
Grantor shall, without the written consent of the Agent,
discontinue use of or otherwise abandon any Intellectual Property,
or abandon any right to file an application for patent, trademark,
or copyright, unless such Grantor shall have previously determined
that such use or the pursuit or maintenance of such Intellectual
Property is no longer desirable in the conduct of such
Grantor&#x2019;s business and that the loss thereof would not be
reasonably likely to have a Material Adverse Effect, in which case,
such Grantor will give prompt notice of any such abandonment to the
Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">17</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor agrees promptly to notify the Agent if such Grantor becomes
aware (i) that any item of the Intellectual Property may have
become abandoned, placed in the public domain, invalid or
unenforceable, or of any adverse determination or development
regarding such Grantor&#x2019;s ownership of any of the Intellectual
Property or its right to register the same or to keep and maintain
and enforce the same, or (ii) of any adverse determination or the
institution of any proceeding (including, without limitation, the
institution of any proceeding in the United States Patent and
Trademark Office or any court) regarding any item of the
Intellectual Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the event that any Grantor becomes aware that any item of the
Intellectual Property is being infringed or misappropriated by a
third party, such Grantor shall promptly notify the Agent and shall
take such actions, at its expense, as such Grantor or the Agent
deems reasonable and appropriate under the circumstances to protect
or enforce such Intellectual Property, including, without
limitation, suing for infringement or misappropriation and for an
injunction against such infringement or
misappropriation.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor shall use proper statutory notice in connection with its
use of each item of its Intellectual Property. No Grantor shall do
or permit any act or knowingly omit to do any act whereby any of
its Intellectual Property may lapse or become invalid or
unenforceable or placed in the public domain.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor shall take all steps which it or the Agent deems reasonable
and appropriate under the circumstances to preserve and protect
each item of its Intellectual Property, including, without
limitation, maintaining the quality of any and all products or
services used or provided in connection with any of the Trademarks,
consistent with the quality of the products and services as of the
date hereof, and taking all steps necessary to ensure that all
licensed users of any of the Trademarks use such consistent
standards of quality.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to its Intellectual Property, to the extent requested by
the Agent on the date hereof or, if applicable, at such later date
on which a Grantor becomes party hereto, such Grantor agrees to
execute and deliver to the Agent an agreement, in substantially the
form set forth in <font style="text-decoration: underline">Annex
2</font> hereto or otherwise in form and substance satisfactory to
the Agent (an "<font style="text-decoration: underline">Intellectual Property Security
Agreement</font>"), for recording the security interest granted
hereunder to the Agent in such Intellectual Property with the
United States Patent and Trademark Office, the United States
Copyright Office and any other domestic or foreign Governmental
Authorities requested by the Agent to perfect the security interest
hereunder in such Intellectual Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor agrees that should it obtain an ownership interest in any
new or acquired item of Intellectual Property that is not on the
date hereof listed on <font style="text-decoration: underline">Schedule 6</font> ("<font style="text-decoration: underline">After-Acquired Intellectual
Property</font>") (i) the provisions of this Agreement shall
automatically apply thereto, and (ii) any such After-Acquired
Intellectual Property and, in the case of Trademarks, the goodwill
symbolized thereby, shall automatically become part of the
Collateral subject to the terms and conditions of this Agreement
with respect thereto. Within thirty (30) days after the end of each
fiscal quarter of such Grantor, each Grantor shall give written
notice to the Agent identifying all After-Acquired Intellectual
Property acquired during such Fiscal Quarter, if any, and such
Grantor shall execute and deliver to the Agent with such written
notice, an Intellectual Property Security Agreement, or if such
Grantor has already executed an Intellectual Property Security
Agreement, <font style="text-decoration: underline">Annex 3</font>
hereto or otherwise in form and substance satisfactory to the Agent
(an "<font style="text-decoration: underline">IP Security Agreement
Supplement</font>"), covering such After-Acquired Intellectual
Property which Intellectual Property Security Agreement or IP
Security Agreement Supplement, as applicable, shall be recorded
with the United States Patent and Trademark Office, the United
States Copyright Office and any other Governmental Authorities as
may be requested by the Agent to evidence and perfect the security
interest hereunder in such After-Acquired Intellectual Property.
Upon the execution and delivery to the Agent of an Intellectual
Property Security Agreement or IP Security Agreement Supplement in
accordance with this Section, <font style="text-decoration: underline">Schedule&#xA0;6</font> shall
automatically be deemed amended to include the After-Acquired
Intellectual Property covered by such IP Security Agreement
Supplement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">18</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall take all steps reasonably necessary to protect the
secrecy of all Trade Secrets, including, without limitation,
entering into confidentiality agreements with employees and
labeling and restricting access to secret information and
documents.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.11. <font style="text-decoration: underline">Commercial Tort
Claims</font></font><font style="font-family: Times New Roman; font-size: 13px">. If such Grantor
shall at any time hold or acquire an interest in any commercial
tort claim, then such Grantor shall within fifteen (15) days of
obtaining such interest sign and deliver documentation acceptable
to the Agent granting a security interest to the Agent in and to
such commercial tort claim under the terms and provisions of this
Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.12.&#xA0; <font style="text-decoration: underline">Assigned
Agreements.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-size: 13px">Such
Grantor shall at its expense</font>:</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;perform
and observe all the terms and provisions of the Assigned Agreements
to be performed or observed by it, maintain Assigned Agreements to
which it is a party in full force and effect, enforce Assigned
Agreements to which it is a party in accordance with their
respective terms, and take all such action to such end as may be
from time to time reasonably requested by the Agent;
and</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;furnish
to the Agent promptly upon receipt thereof copies of all notices,
requests and other documents received by such Grantor under or
pursuant to the Assigned Agreements to which it is a party, and
from time to time (A) furnish to the Agent such information and
reports regarding the Assigned Agreements and the other Collateral
of such Grantor as the Agent may reasonably request and (B) upon
reasonable request of the Agent make to each other party to any
Assigned Agreement to which it is a party such demands and requests
for information and reports or for action as such Grantor is
entitled to make thereunder.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall not, except to the extent otherwise expressly
permitted under the Note Purchase Agreement:</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;cancel
or terminate any Assigned Agreement to which it is a party or
consent to or accept any cancellation or termination
thereof;</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
amend, restate, supplement or otherwise modify any such Assigned
Agreement or give any consent, waiver or approval
thereunder;</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
waive any default under or breach of any such Assigned
Agreement;</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
consent to or permit or accept any prepayment of amounts to become
due under or in connection with any such Assigned Agreement, except
as expressly provided therein; or</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">19</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;take
any other action in connection with any such Assigned Agreement
that would impair the value of the interest or rights of such
Grantor thereunder or which would impair the interest or rights of
the Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.13. <font style="text-decoration: underline">Covenants in Note
Purchase Agreement</font>.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;In the
case of each Grantor, such Grantor shall take, or shall refrain
from taking, as the case may be, each action that is necessary to
be taken or not taken, as the case may be, so that no Default or
Event of Default is caused by the failure to take such action or to
refrain from taking such action by such Grantor or any of its
Subsidiaries.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
VI</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">REMEDIAL
PROVISIONS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.01.&#xA0; <font style="text-decoration: underline">Certain
Matters Relating to Receivables.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent shall have the right to verify the Receivables at any time
and from time to time in any manner and through any medium that it
considers advisable, and each Grantor shall furnish all such
assistance and information as the Agent may require in connection
with such test verifications. At any time and from time to time,
upon the Agent&#x2019;s request and at the expense of the relevant
Grantor, such Grantor shall furnish to the Agent reports showing
reconciliations, aging and test verifications of, and trial
balances for, the Receivables. Each Grantor shall provide such
information as the Agent may from time to time request regarding
the Receivables, including agings and trial balances.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent hereby authorizes each Grantor to collect such
Grantor&#x2019;s Receivables, subject to the Agent&#x2019;s direction
and control, and the Agent may curtail or terminate said authority
at any time after the occurrence and during the continuance of an
Event of Default. If required by the Agent at any time after the
occurrence and during the continuance of an Event of Default, any
payments of Receivables, when collected by any Grantor, (i) shall
be forthwith (and, in any event, within two Business Days)
deposited by such Grantor in the exact form received, duly indorsed
by such Grantor to the Agent if required, in a Collateral Account
maintained under the sole dominion and control of the Agent,
subject to withdrawal by the Agent for the account of the Secured
Parties in accordance with this Agreement and the other Note
Purchase Documents, and (ii) until so turned over, shall be held by
such Grantor in trust for the Agent and the Secured Parties,
segregated from other funds of such Grantor. Each such deposit of
Proceeds of Receivables shall be accompanied by a report
identifying in reasonable detail the nature and source of the
payments included in the deposit.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;At
the Agent&#x2019;s request, each Grantor shall deliver to the Agent
all original and other documents evidencing, and relating to, the
agreements and transactions which gave rise to the Receivables,
including, without limitation, all original orders, invoices and
shipping receipts.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.02.&#xA0; <font style="text-decoration: underline">Communications
with Obligors; Grantors Remain Liable.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent in its own name or in the name of others may at any time
communicate with obligors under the Receivables to verify with them
to the Agent&#x2019;s satisfaction the existence, amount and terms
of any Receivables.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Upon the request of the Agent at any time after the occurrence and
during the continuance of an Event of Default, each Grantor shall
notify obligors on the Receivables and parties to the Assigned
Agreements that the Receivables and the Assigned Agreements have
been assigned to the Agent for the benefit of the Secured Parties
and that payments in respect thereof shall be made directly to the
Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">20</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Anything
herein to the contrary notwithstanding, each Grantor shall remain
liable under each of the Receivables and the Assigned Agreements to
observe and perform all the conditions and obligations to be
observed and performed by it thereunder, all in accordance with the
terms of any agreement giving rise thereto. Neither the Agent nor
any other Secured Party shall have any obligation or liability
under any Receivable (or any agreement giving rise thereto) or
Assigned Agreement by reason of or arising out of this Agreement or
the receipt by the Agent or any other Secured Party of any payment
relating thereto, nor shall the Agent or any other Secured Party be
obligated in any manner to perform any of the obligations of any
Grantor under or pursuant to any Receivable (or any agreement
giving rise thereto) or Assigned Agreement, to make any payment, to
make any inquiry as to the nature or the sufficiency of any payment
received by it or as to the sufficiency of any performance by any
party thereunder, to present or file any claim, to take any action
to enforce any performance or to collect the payment of any amounts
which may have been assigned to it or to which it may be entitled
at any time or times.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.03. <font style="text-decoration: underline">Voting Rights;
Dividends; Etc.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;So
long as no Event of Default shall have occurred and be
continuing:</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor shall be entitled to exercise or refrain from exercising
any and all voting and other consensual rights pertaining to the
Investment Property of such Grantor or any part thereof for any
purpose not inconsistent with terms of this Agreement or any other
Note Purchase Document.; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that such Grantor
shall not exercise or refrain from exercising any such right, if
such action would have a material adverse effect on the value of
the Investment Property or any part thereof.</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor shall be entitled to receive and retain any and all
dividends, interest and other distributions paid in respect of the
Investment Property of such Grantor if and to the extent that the
payment thereof is not otherwise prohibited by the terms of this
Agreement or any of the other Note Purchase Documents; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that any and
all</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(A)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;dividends,
interest and other distributions paid or payable other than in cash
in respect of, and instruments and other property received,
receivable or otherwise distributed in respect of, or in exchange
for, any Investment Property,</font></div>
<div style="text-align: justify; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(B)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;dividends
and other distributions paid or payable in cash in respect of any
Investment Property in connection with a partial or total
liquidation or dissolution or in connection with a reduction of
capital, capital surplus or paid-in-surplus, and</font></div>
<div style="text-align: justify; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(C)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;cash
paid, payable or otherwise distributed in respect of principal of,
or in redemption of, or in exchange for, any Investment Property
shall be, and shall be forthwith delivered to the Agent to hold as,
Collateral and shall, if received by such Grantor, be received in
trust for the benefit of the Agent and the other Secured Parties,
be segregated from the other property or funds of such Grantor, and
be forthwith delivered to the Agent as Collateral in the same form
as so received (with any necessary endorsement or
assignment).</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent will execute and deliver (or cause to be executed and
delivered) to each Grantor all such proxies and other instruments
as such Grantor may reasonably request for the purpose of enabling
such Grantor to exercise the voting and other rights that it is
entitled to exercise pursuant to Section 6.03(a)(i) above and to
receive the dividends or interest payments that it is authorized to
receive and retain pursuant to Section 6.03(a)(ii)
above.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">21</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
an Event of Default shall have occurred and be
continuing:</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
rights of each Grantor (x) to exercise or refrain from exercising
the voting and other consensual rights that it would otherwise be
entitled to exercise pursuant to Section 6.03(a)(i) shall, upon
notice to such Grantor by the Agent, cease and (y) to receive the
dividends, interest and other distributions that it would otherwise
be authorized to receive and retain pursuant to Section 6.03(a)(ii)
shall automatically cease, and all such rights shall thereupon
become vested in the Agent, which shall thereupon have the sole
right to exercise or refrain from exercising such voting and other
consensual rights and to receive and hold as Collateral such
dividends, interest and other distributions.</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
dividends, interest and other distributions that are received by
any Grantor contrary to the provisions of Section 6.03(b)(i) shall
be received in trust for the benefit of the Agent and the other
Secured Parties, shall be segregated from other funds of such
Grantor and shall be forthwith paid over to the Agent as Collateral
in the same form as so received (with any necessary endorsement or
assignment).</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent shall have the right at any time to exchange any certificates
or instruments representing any Investment Property for
certificates or instruments of smaller or larger denominations. In
order to permit the Agent to exercise the voting and other
consensual rights which it may be entitled to exercise pursuant
hereto and to receive all dividends, interest and other
distributions which it may be entitled to receive hereunder, each
Grantor shall promptly execute and deliver (or cause to be executed
and delivered) to the Agent all proxies, dividend payment orders
and other instruments as the Agent may from time to time reasonably
request and each Grantor acknowledges that the Agent may utilize
the power of attorney set forth herein.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor hereby authorizes and instructs each Issuer of any
Investment Property pledged by such Grantor hereunder to (i) comply
with any instruction received by it from the Agent in writing that
(x) states that an Event of Default or Default has occurred and is
continuing and (y) is otherwise in accordance with the terms of
this Agreement, without any other or further instructions from such
Grantor, and each Grantor agrees that each Issuer shall be fully
protected in so complying, and (ii) unless otherwise expressly
permitted hereby, pay any dividends, distributions or other
payments with respect to the Investment Property directly to the
Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
an Event of Default shall have occurred and be continuing, the
Agent shall be authorized to send to each securities intermediary,
commodity intermediary, bank or Issuer of an uncertificated
security that is party to a Control Agreement, a notice that the
Agent has exclusive control and dominion under such Control
Agreement (or any comparable notice permitted under such Control
Agreement).</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.04.&#xA0; <font style="text-decoration: underline">Proceeds to be
Turned Over To Agent</font></font><font style="font-family: Times New Roman; font-size: 13px">. In addition to
the rights of the Agent specified in Section 6.01 with respect to
payments of Receivables, if an Event of Default shall occur and be
continuing, all Proceeds received by any Grantor consisting of
cash, checks and other near-cash items shall be held by such
Grantor in trust for the Agent, segregated from other funds of such
Grantor, and shall, immediately upon receipt by such Grantor, be
turned over to the Agent in the exact form received by such Grantor
(duly indorsed by such Grantor to the Agent, if required). All
Proceeds received by the Agent hereunder shall be held by the Agent
in a Collateral Account and shall not constitute payment thereof
until applied as provided in Section 6.05.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.05. <font style="text-decoration: underline">Application of
Proceeds</font></font><font style="font-family: Times New Roman; font-size: 13px">. If an Event of
Default shall have occurred and be continuing, at any time at the
Agent&#x2019;s election, the Agent may apply all or any part of
Proceeds constituting Collateral, whether or not held in any
Collateral Account, in payment of the Guaranteed Obligations in
such order and manner as required pursuant to the Limited Guaranty
or as the Agent may elect in its sole discretion.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">22</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.06.&#xA0; <font style="text-decoration: underline">Remedies</font></font><font style="font-family: Times New Roman; font-size: 13px">. If any Event of
Default shall have occurred and be continuing:</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent, on behalf of the Secured Parties, may exercise, in addition
to all other rights and remedies granted to them in this Agreement
and in any other instrument or agreement securing, evidencing or
relating to the Guaranteed Obligations, all rights and remedies of
a secured party under the UCC (whether or not the UCC applies to
the affected Collateral) or any other applicable law or in equity.
Without limiting the generality of the foregoing, the Agent,
without demand of performance or other demand, presentment,
protest, advertisement or notice of any kind (except any notice
required by law referred to below) to or upon any Grantor or any
other Person (all and each of which demands, defenses,
advertisements and notices are hereby waived), may in such
circumstances forthwith collect, receive, appropriate and realize
upon the Collateral, or any part thereof, and/or may forthwith
sell, lease, license, assign, give an option or options to
purchase, or otherwise dispose of and deliver the Collateral or any
part thereof (or contract to do any of the foregoing), in one or
more parcels at public or private sale or sales, at any exchange,
broker&#x2019;s board or office of the Agent or any other Secured
Party or elsewhere upon such terms and conditions as it may deem
advisable and at such prices as it may deem best, for cash or on
credit or for future delivery without assumption of any credit
risk. Each Secured Party shall have the right upon any such public
sale or sales, and, to the extent permitted by law, upon any such
private sale or sales, to purchase the whole or any part of the
Collateral so sold, free of any right or equity of redemption in
any Grantor, which right or equity is hereby waived and released.
Each Grantor further agrees, at the Agent&#x2019;s request, to
assemble the Collateral and make it available to the Agent at
places which the Agent shall reasonably select, whether at such
Grantor&#x2019;s premises or elsewhere. The Agent shall have no
obligation to clean-up or otherwise prepare the Collateral for
sale. The Agent shall not be obligated to make any sale of
Collateral regardless of notice of sale having been given. The
Agent may adjourn any public or private sale from time to time by
announcement at the time and place fixed therefore, and any such
sale may, without further notice, be made at the time and place to
which it was adjourned. Each Grantor agrees that it would not be
commercially unreasonable for the Agent to dispose of the
Collateral or any portion thereof by using Internet sites that
provide for the auction of assets of the types included in the
Collateral or that have the reasonable capability of doing so, or
that match buyers and sellers of assets. Each Grantor hereby waives
any claims against the Agent arising by reason of the fact that the
price at which any Collateral may have been sold at a private sale
was less than the price which might have been obtained at a public
sale, even if the Agent accepts the first offer received and does
not offer such Collateral to more than one offeree. To the extent
permitted by applicable law, each Grantor waives all claims,
damages and demands it may acquire against the Agent or any other
Secured Party arising out of the exercise by them of any rights or
remedies hereunder. If any notice of a proposed sale or other
disposition of Collateral shall be required by law, such notice
shall be deemed reasonable and proper if given at least ten (10)
days before any public sale of Collateral or of the time after
which any private sale or other disposition of Collateral is
intended to be made.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent may sell the Collateral without giving any warranties as to
the Collateral. The Agent may disclaim or modify any warranties of
title or the like. This procedure will not be considered to
adversely affect the commercial reasonableness of any sale of the
Collateral.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent and its agents may enter upon and occupy any real property
owned or leased by any Grantor in order to exercise any of the
Agent&#x2019;s rights and remedies under this Agreement, without any
obligation to such Grantor in respect of such entry or
occupation.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;For
the purpose of enabling the Agent to exercise its rights and
remedies hereunder, each Grantor hereby grants to the Agent an
irrevocable, non-exclusive worldwide license (exercisable without
payment of royalty or other compensation to such Grantor) to use,
operate under, assign, license or sublicense any of the
Intellectual Property now owned or hereafter acquired by such
Grantor, and wherever the same may be located, and including in
such license reasonable access to all media in which any of the
licensed items may be recorded or stored and to all computer
programs used for the compilation or printout thereof.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">23</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent may comply with any applicable Requirement of Law in
connection with a disposition of the Collateral or any part thereof
and such compliance will not be considered adversely to affect any
sale of the Collateral or any part thereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the event of any sale or other disposition of any of the
Intellectual Property of any Grantor, the goodwill symbolized by
any Trademarks subject to such sale or other disposition shall be
included therein, and such Grantor shall supply to the Agent or its
designee such Grantor&#x2019;s know-how and expertise, and documents
and things relating to any Intellectual Property subject to such
sale or other disposition, and such Grantor&#x2019;s customer lists
and other records and documents relating to such Intellectual
Property and to the manufacture, distribution, advertising and sale
of products and services of such Grantor.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent may apply the balance from any deposit account or instruct
the bank at which any deposit account is maintained to pay the
balance of any deposit account to or for the benefit of the Agent
and the other Secured Parties.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent shall have no duty to marshal any of the
Collateral.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.07.&#xA0; <font style="text-decoration: underline">Registration
Rights</font></font><font style="font-family: Times New Roman; font-size: 13px">. If the Agent
shall determine to exercise its right to sell any or all of the
Pledged Equity Interests or Pledged Debt Securities pursuant to
Section 6.06, and if in the opinion of the Agent it is necessary or
advisable to have the Pledged Equity Interests or Pledged Debt
Securities, or that portion thereof to be sold, registered under
the provisions of the Securities Act, the relevant Grantor will
cause the Issuer thereof to (i) execute and deliver, and cause the
directors and officers (or equivalent managers) of such Issuer to
execute and deliver, all such instruments and documents, and do or
cause to be done all such other acts as may be, in the opinion of
the Agent, necessary or advisable to register the Pledged Equity
Interests or Pledged Debt Securities, or that portion thereof to be
sold, under the provisions of the Securities Act, (ii) use its best
efforts to cause the registration statement relating thereto to
become effective and to remain effective for a period of one year
from the date of the first public offering of the Pledged Equity
Interests or Pledged Debt Securities, or that portion thereof to be
sold, and (iii)&#xA0;make all amendments thereto and/or to the
related prospectus which, in the opinion of the Agent, are
necessary or advisable, all in conformity with the requirements of
the Securities Act and the rules and regulations of the Securities
and Exchange Commission applicable thereto. Each Grantor agrees to
cause such Issuer to comply with the provisions of the securities
or "Blue Sky" laws of any and all jurisdictions which the Agent
shall designate and to make available to its security holders, as
soon as practicable, an earnings statement (which need not be
audited) which will satisfy the provisions of Section 11(a) of the
Securities Act.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Each
Grantor recognizes that the Agent may be unable to effect a public
sale of any or all the Pledged Equity Interests or Pledged Debt
Securities, by reason of certain prohibitions contained in the
Securities Act and applicable state securities laws or otherwise,
and may be compelled to resort to one or more private sales thereof
to a restricted group of purchasers which will be obliged to agree,
among other things, to acquire such securities for their own
account for investment and not with a view to the distribution or
resale thereof. Each Grantor acknowledges and agrees that any such
private sale may result in prices and other terms less favorable
than if such sale were a public sale and, notwithstanding such
circumstances, agrees that any such private sale shall be deemed to
have been made in a commercially reasonable manner. The Agent shall
be under no obligation to delay a sale of any of the Pledged Equity
Interests or Pledged Debt Securities for the period of time
necessary to permit the Issuer thereof to register such securities
for public sale under the Securities Act, or under applicable state
securities laws, even if such Issuer would agree to do
so.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">24</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Each
Grantor agrees to use its best efforts to do or cause to be done
all such other acts as may be necessary to make such sale or sales
of all or any portion of the Pledged Equity Interests or Pledged
Debt Securities pursuant to this Section valid and binding and in
compliance with any and all other applicable Requirements of Law.
Each Grantor further agrees that a breach of any of the covenants
contained in this Section will cause irreparable injury to the
Agent and the other Secured Parties, that the Agent and the other
Secured Parties have no adequate remedy at law in respect of such
breach and, as a consequence, that each and every covenant
contained in this Section shall be specifically enforceable against
such Grantor, and such Grantor hereby waives and agrees not to
assert any defenses against an action for specific performance of
such covenants except for a defense that no Event of Default has
occurred under the Note Purchase Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.08.&#xA0; <font style="text-decoration: underline">Deficiency</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor
shall remain liable for any deficiency if the proceeds of any sale
or other disposition of the Collateral are insufficient to pay in
full its Guaranteed Obligations and the fees and disbursements of
any attorneys employed by any Secured Party to collect such
deficiency.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.09.&#xA0; <font style="text-decoration: underline">Sales on
Credit</font></font><font style="font-family: Times New Roman; font-size: 13px">. If the Agent
sells any of the Collateral on credit, the applicable Grantor will
be credited only with cash payments actually made by the purchaser
and received by the Agent and applied to the indebtedness of the
purchaser. In the event the purchaser fails to pay for the
Collateral, the Agent may resell the Collateral and the applicable
Grantor shall be credited with the proceeds of the
sale.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
VII</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">THE
AGENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
7.01. <font style="text-decoration: underline">Agent&#x2019;s
Appointment as Attorney-in-Fact; Etc.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor hereby irrevocably constitutes and appoints the Agent and
any officer or agent thereof, with full power of substitution, as
its true and lawful attorney-in-fact with full irrevocable power
and authority in the place and stead of such Grantor and in the
name of such Grantor or in its own name, from time to time during
the existence of an Event of Default, for the purpose of carrying
out the terms of this Agreement, to take any and all appropriate
action and to execute any and all documents and instruments which
the Agent may deem necessary or desirable to accomplish the
purposes of this Agreement, and, without limiting the generality of
the foregoing, each Grantor hereby gives the Agent the power and
right, on behalf of such Grantor, without notice to or assent by
such Grantor, to do any or all of the following:</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;in
the name of such Grantor or its own name, or otherwise, take
possession of and indorse and collect any checks, drafts, notes,
acceptances or other instruments or chattel paper for the payment
of moneys due under any Receivable or Assigned Agreement or with
respect to any other Collateral and file any claim or take any
other action or proceeding in any court of law or equity or
otherwise deemed appropriate by the Agent for the purpose of
collecting any and all such moneys due under any Receivable or
Assigned Agreement or with respect to any other Collateral whenever
payable;</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;in
the case of any Intellectual Property, prepare, sign, deliver, and
file for recordation in any Intellectual Property registry any and
all agreements, instruments, documents and papers as the Agent may
request to evidence and perfect the Agent&#x2019;s security interest
in such Intellectual Property and the goodwill and general
intangibles of such Grantor relating thereto or represented
thereby;</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">25</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;pay
or discharge taxes and Liens levied or placed on or threatened
against the Collateral, effect any repairs or obtain any insurance
called for by the terms of this Agreement and pay all or any part
of the premiums therefore and the costs thereof;</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;execute,
in connection with any sale provided for in Section&#xA0;6.06 or
6.07, any endorsements, assignments or other instruments of
conveyance or transfer with respect to the Collateral;
and</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;(1)
direct any party liable for any payment under any of the Collateral
to make payment of any and all moneys due or to become due
thereunder directly to the Agent or as the Agent shall direct; (2)
ask or demand for, collect, recover and receive payment of and
receipt for, any and all moneys, claims and other amounts due or to
become due at any time in respect of or arising out of any
Collateral; (3) sign and indorse any invoices, freight or express
bills, bills of lading, storage or warehouse receipts, drafts
against debtors, assignments, verifications, notices and other
documents in connection with any of the Collateral; (4) commence
and prosecute any suits, actions or proceedings at law or in equity
in any court of competent jurisdiction to collect the Collateral or
any portion thereof and to enforce any other right in respect of
any Collateral; (5) defend any suit, action or proceeding brought
against such Grantor with respect to any Collateral; (6) settle,
compromise or adjust any such suit, action or proceeding and, in
connection therewith, give such discharges or releases as the Agent
may deem appropriate; (7) assign any Intellectual Property (along
with the goodwill of the business to which any such Intellectual
Property pertains), throughout the world for such term or terms, on
such conditions, and in such manner, as the Agent shall in its sole
discretion determine; (8) exercise any and all rights, powers,
privileges and remedies of such Grantor under or with respect to
the Assigned Agreements or any other Collateral (including all
rights of performance, termination, and enforcement); (9) operate,
maintain, and repair the Collateral; (10)&#xA0;receive, open and
dispose of any and all mail addressed to any Grantor and notify
postal authorities to change the address for delivery thereof to
such address as the Agent may designate; and (11) generally, sell,
transfer, pledge and make any agreement with respect to or
otherwise deal with any of the Collateral as fully and completely
as though the Agent were the absolute owner thereof for all
purposes, and do, at the Agent&#x2019;s option and such
Grantor&#x2019;s expense, at any time, or from time to time, all
acts and things which the Agent deems necessary to protect,
preserve or realize upon the Collateral and the Agent&#x2019;s
security interests therein and to effect the intent of this
Agreement, all as fully and effectively as such Grantor might
do.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Anything in this
Section 7.01(a) to the contrary notwithstanding, the Agent agrees
that it will not exercise any rights under the power of attorney
provided for in this Section 7.01(a) unless an Event of Default
shall have occurred and be continuing.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
any Grantor fails to perform or comply with any of its agreements
contained herein or in any other Note Purchase Document, the Agent
may, but without any obligation so to do, perform or comply, or
otherwise cause performance or compliance, with such
agreement.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
expenses of the Agent incurred in connection with actions
undertaken as provided in this Section 7.01, together with interest
thereon at a rate per annum equal to the Default Rate (which rate
shall not exceed the maximum non-usurious rate permitted by
applicable law), from the date of payment by the Agent to the date
reimbursed by the relevant Grantor, shall be payable on demand by
such Grantor to the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor hereby ratifies all that said attorneys shall lawfully do
or cause to be done by virtue hereof. All powers, authorizations
and agencies contained in this Agreement are coupled with an
interest and are irrevocable until this Agreement is terminated and
the security interests created hereby are released.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">26</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
7.02.&#xA0; <font style="text-decoration: underline">Duty of
Agent</font></font><font style="font-family: Times New Roman; font-size: 13px">. The Agent&#x2019;s
sole duty with respect to the custody, safekeeping and physical
preservation of the Collateral in its possession (if any), under
Section 9-207 of the UCC or otherwise, shall be to deal with such
Collateral in a manner substantially similar to that which the
Agent deals with similar property for its own account. Neither the
Agent, any other Secured Party nor any of their respective
officers, directors, partners, employees, agents, advisors,
attorneys, attorneys-in-fact or affiliates shall be liable for
failure to demand, collect or realize upon any of the Collateral or
for any delay in doing so or shall be under any obligation to sell
or otherwise dispose of any Collateral upon the request of any
Grantor or any other Person or to take any other action whatsoever
with regard to the Collateral or any part thereof. The powers
conferred on the Agent pursuant to this Agreement are solely to
protect the Secured Parties&#x2019; interests in the Collateral and
shall not impose any duty upon the Agent to exercise any such
powers. The Agent shall be accountable only for amounts that it
actually receives as a result of the exercise of such powers, and
neither the Agent nor any of its officers, directors, employees,
agents, advisors, attorneys, attorneys-in-fact or affiliates shall
be responsible to any Grantor for any act or failure to act
hereunder, except for its or their own gross negligence or willful
misconduct.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
7.03.&#xA0; <font style="text-decoration: underline">Financing
Statements</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor
hereby authorizes the Agent to file or record financing statements,
continuation statements, and assignments and amendments thereto,
and other filing or recording documents or instruments with respect
to the Collateral without the signature of such Grantor in such
form and in such offices as the Agent determines appropriate to
perfect or maintain the perfection of the security interests of the
Agent under this Agreement. Each Grantor agrees that such financing
statements may describe the Collateral in the same manner as
described in the Security Documents or as all assets or all
personal property whether now owned or hereafter acquired and
wherever located (or use words of similar effect) of such Grantor,
or contain such other description as the Agent, in its sole
judgment, determines is necessary or advisable, including any real
property or fixtures description. Each Grantor hereby ratifies each
such financing statement and any and all other financing statements
filed prior to the date hereof by the Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
7.04.&#xA0; <font style="text-decoration: underline">Authority of
Agent</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor
acknowledges that the rights and responsibilities of the Agent
under this Agreement with respect to any action taken by the Agent
or the exercise or non-exercise by the Agent of any option, voting
right, request, judgment or other right or remedy provided for
herein or resulting or arising out of this Agreement shall, as
between the Agent and the other Secured Parties, be governed by the
Note Purchase Agreement and by such other agreements with respect
thereto as may exist from time to time among them, but, as between
the Agent and the Grantors, the Agent shall be conclusively
presumed to be acting as agent for the Secured Parties with full
and valid authority so to act or refrain from acting, and no
Grantor shall be under any obligation, or entitlement, to make any
inquiry respecting such authority.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
VIII</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">MISCELLANEOUS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.01.&#xA0; <font style="text-decoration: underline">Amendments in
Writing</font></font><font style="font-family: Times New Roman; font-size: 13px">. None of the terms
or provisions of this Agreement may be waived, amended,
supplemented or otherwise modified except pursuant to a written
instrument signed by the Agent and each Grantor.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.02.&#xA0;&#xA0; <font style="text-decoration: underline">Notices</font></font><font style="font-family: Times New Roman; font-size: 13px">. All notices,
requests and demands and other communications to or upon the Agent
or any Grantor hereunder shall be effected in the manner provided
for in Section 8.2 of the Note Purchase Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">27</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.03.&#xA0; <font style="text-decoration: underline">Security
Interest Absolute</font></font><font style="font-family: Times New Roman; font-size: 13px">. All rights of the
Agent and each other Secured Party hereunder, each grant of a
security interest in the Collateral and all obligations of each
Grantor hereunder shall be absolute and unconditional irrespective
of (a) any lack of validity or enforceability of the Note Purchase
Agreement, the Limited Guaranty or any other Note Purchase
Document, any agreement with respect to any of the Guaranteed
Obligations or any other agreement or instrument relating to any of
the foregoing, (b) any change in the time, manner or place of
payment of, or in any other term of, all or any of the Guaranteed
Obligations, or any other amendment or waiver of or any consent to
any departure from the Note Purchase Agreement, the Limited
Guaranty or any other Note Purchase Document or any other agreement
or instrument, (c) any exchange, release or non-perfection of any
Lien on other collateral, or any release or amendment or waiver of
or consent under or departure from any guarantee, securing or
guaranteeing all or any of the Guaranteed Obligations, or (d) any
other circumstance that might otherwise constitute a defense
available to, or a discharge of, any Grantor in respect of the
Guaranteed Obligations or this Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.04.&#xA0;&#xA0; <font style="text-decoration: underline">No
Waiver by Course of Conduct; Cumulative
Remedies</font></font><font style="font-family: Times New Roman; font-size: 13px">. Neither the Agent
nor any other Secured Party shall by any act (except by a written
instrument pursuant to Section 8.01), delay, indulgence, omission
or otherwise be deemed to have waived any right or remedy hereunder
or to have acquiesced in any Default or Event of Default. No
failure to exercise, nor any delay in exercising, on the part of
the Agent or any other Secured Party, any right, power or privilege
hereunder shall operate as a waiver thereof. No single or partial
exercise of any right, power or privilege hereunder shall preclude
any other or further exercise thereof or the exercise of any other
right, power or privilege. A waiver by the Agent or any other
Secured Party of any right or remedy hereunder on any one occasion
shall not be construed as a bar to any right or remedy which the
Agent or such other Secured Party would otherwise have on any
future occasion. The rights and remedies herein provided are
cumulative, may be exercised singly or concurrently and are not
exclusive of any other rights or remedies provided by
law.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.05.&#xA0; <font style="text-decoration: underline">Indemnity and
Expenses.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor agrees to indemnify, defend and save and hold harmless each
Secured Party and each of their Affiliates and their respective
officers, directors, employees, agents and advisors (each, an
"<font style="text-decoration: underline">Indemnified
Party</font>") from and against, and shall pay on demand, any and
all claims, damages, losses, liabilities and expenses (including,
without limitation, reasonable fees and expenses of counsel) that
may be incurred by or asserted or awarded against any Indemnified
Party, in each case arising out of or in connection with or
resulting from this Agreement (including, without limitation,
enforcement of this Agreement), except to the extent such claim,
damage, loss, liability or expense is found in a final,
non-appealable judgment by a court of competent jurisdiction to
have resulted from such Indemnified Party&#x2019;s gross negligence
or willful misconduct.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor will upon demand pay to the Agent the amount of any and all
costs and expenses, including, without limitation, the reasonable
fees and expenses of its counsel and of any experts and agents,
that the Agent may incur in connection with (i) the custody,
preservation, use or operation of, or the sale of, collection from
or other realization upon, any of the Collateral of such Grantor,
(ii) the exercise or enforcement of any of the rights of the Agent
or the other Secured Parties hereunder or (iii) the failure by such
Grantor to perform or observe any of the provisions
hereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
agreements in this Section 8.05 shall survive repayment of the
Guaranteed Obligations and all other amounts payable under the Note
Purchase Agreement, the Limited Guaranty and the other Note
Purchase Documents.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.06. <font style="text-decoration: underline">Successors and
Assigns</font></font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement
shall be binding upon the successors and assigns of each Grantor
and shall inure to the benefit of the Agent and the other Secured
Parties and their successors and assigns; <font style="text-decoration: underline">provided</font> that no Grantor may
assign, transfer or delegate any of its rights or obligations under
this Agreement without the prior written consent of the
Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">28</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.07.&#xA0; <font style="text-decoration: underline">Set-Off</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor
hereby irrevocably authorizes each Secured Party at any time and
from time to time while an Event of Default shall have occurred and
be continuing, without notice to such Grantor or any other Grantor,
any such notice being expressly waived by each Grantor, to set-off
and appropriate and apply any and all deposits (general or special,
time or demand, provisional or final), in any currency, and any
other credits, indebtedness or claims, in any currency, in each
case whether direct or indirect, absolute or contingent, matured or
unmatured, at any time held or owing by such Secured Party to or
for the credit or the account of such Grantor, or any part thereof
in such amounts as such Secured Party may elect, against and on
account of the obligations and liabilities of such Grantor to such
Secured Party hereunder and claims of every nature and description
of such Secured Party against such Grantor, in any currency,
whether arising hereunder, under the Note Purchase Agreement, any
other Note Purchase Document or otherwise, as such Secured Party
may elect, whether or not such Secured Party has made any demand
for payment and although such obligations, liabilities and claims
may be contingent or unmatured. Each Secured Party shall notify
such Grantor promptly of any such set-off and the application made
by such Secured Party of the proceeds thereof, <font style="text-decoration: underline">provided</font> that the failure to
give such notice shall not affect the validity of such set-off and
application. The rights of the Secured Parties under this Section
are in addition to other rights and remedies (including, without
limitation, other rights of set-off) which such Secured Party may
have.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.08.&#xA0; <font style="text-decoration: underline">Counterparts</font></font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement
may be executed by one or more of the parties to this Agreement on
any number of separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together
shall be deemed to constitute one and the same instrument. Delivery
of an executed counterpart of a signature page to this Agreement by
facsimile shall be effective as delivery of an original executed
counterpart of this Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.09.&#xA0;</font> <font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Severability</font></font><font style="font-family: Times New Roman; font-size: 13px">. Any provision of
this Agreement which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating
the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other
jurisdiction.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.10.&#xA0; <font style="text-decoration: underline">Headings</font></font><font style="font-family: Times New Roman; font-size: 13px">. The Article and
Section headings used in this Agreement are for convenience of
reference only and are not to affect the construction hereof or be
taken into consideration in the interpretation hereof.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.11. <font style="text-decoration: underline">Governing
Law</font></font><font style="font-family: Times New Roman; font-size: 13px">. THIS AGREEMENT
AND THE RIGHTS AND OBLIGATIONS OF THE GRANTORS AND SECURED PARTIES
HEREUNDER AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION
(WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT
OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED
HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.12.&#xA0; <font style="text-decoration: underline">Submission To
Jurisdiction.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;EACH
GRANTOR IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT
COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR
DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN
TORT OR OTHERWISE, AGAINST THE AGENT, ANY NOTEHOLDER, ANY OTHER
SECURED PARTY OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY
RELATING TO THIS AGREEMENT OR ANY OTHER NOTE PURCHASE DOCUMENT OR
THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER
THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY
AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF
NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE
PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE
JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT
OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE
PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION,
LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN
OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER
PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER NOTE
PURCHASE DOCUMENT SHALL AFFECT ANY RIGHT THAT THE AGENT MAY
OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS
AGREEMENT OR ANY OTHER NOTE PURCHASE DOCUMENT AGAINST THE COMPANY
OR ANY OTHER GRANTOR OR OBLIGOR OR ITS PROPERTIES IN THE COURTS OF
ANY JURISDICTION.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor irrevocably and unconditionally waives, to the fullest
extent permitted by applicable law, any objection that it may now
or hereafter have to the laying of venue of any action or
proceeding arising out of or relating to this Agreement or any
other Note Purchase Document in any court referred to in Section
8.12(a). Each of the parties hereto hereby irrevocably waives, to
the fullest extent permitted by applicable law, the defense of an
inconvenient forum to the maintenance of such action or proceeding
in any such court.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
party hereto irrevocably consents to service of process in the
manner provided for notices in Section 8.02. Nothing in this
Agreement will affect the right of any party hereto to serve
process in any other manner permitted by applicable
law</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor agrees (i) to not assert any claim against the Agent, any
Noteholder or any of their Related Parties, for special, indirect,
consequential or punitive damages arising out of or otherwise
relating to or alleged in connection with this Agreement or any of
the other Note Purchase Documents or any of the transactions
contemplated herein and (ii) that the Agent, the Noteholders or
their respective Related Parties shall have no responsibility or
liability to any other party or any of its Related Parties for any
such damages.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.13.&#xA0; <font style="text-decoration: underline">Acknowledgements</font></font><font style="font-family: Times New Roman; font-size: 13px">.
Each party hereby acknowledges and agrees that:</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;it
has been advised by counsel in the negotiation, execution and
delivery of this Agreement and the other Note Purchase Documents to
which it is a party, and this Agreement shall be construed as if
jointly drafted by the parties hereto;</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;no
Secured Party has any fiduciary relationship with or duty to any
Grantor arising out of or in connection with this Agreement or any
of the other Note Purchase Documents, and the relationship between
the Grantors, on the one hand, and the Secured Parties, on the
other hand, in connection herewith or therewith is solely that of
debtor and creditor; and</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;no
joint venture is created hereby or by the other Note Purchase
Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Secured Parties or among the Grantors
and the Secured Parties.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.14. <font style="text-decoration: underline">Additional
Grantors</font></font><font style="font-family: Times New Roman; font-size: 13px">. If the Company
shall create or acquire any direct or indirect Subsidiary after the
date hereof, the Company shall immediately cause such Subsidiary to
become a party to this Agreement and to be a Grantor for all
purposes of this Agreement by execution and delivery by such
Subsidiary of an Assumption Agreement in the form of <font style="text-decoration: underline">Annex&#xA0;1</font>
hereto.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">30</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.15.&#xA0; <font style="text-decoration: underline">Release</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;At
such time as the Guaranteed Obligations shall have been paid in
full, the Collateral shall be released from the Liens created
hereby, and this Agreement and all obligations (other than those
expressly stated to survive such termination) of the Agent and each
Grantor hereunder shall terminate, all without delivery of any
instrument or performance of any act by any party, and all rights
to the Collateral shall revert to the Grantors. At the request and
sole expense of any Grantor following any such termination, the
Agent shall deliver to such Grantor any Collateral held by the
Agent hereunder, and execute and deliver to such Grantor such
documents as such Grantor shall reasonably request to evidence such
termination.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Each Grantor acknowledges that it is not authorized to file any
financing statement or amendment or termination statement with
respect to any financing statement originally filed in connection
herewith without the prior written consent of the Agent subject to
such Grantor&#x2019;s rights under Section 9-509(d)(2) of the
UCC.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.16.&#xA0; <font style="font-weight: bold; text-decoration: underline">WAIVER OF JURY
TRIAL</font></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">.
EACH GRANTOR WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY (WHETHER
BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY SECURED
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH SECURED
PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT THE SECURED PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.17. <font style="text-decoration: underline">INTEGRATION</font></font><font style="font-family: Times New Roman; font-size: 13px">. THIS WRITTEN
AGREEMENT REPRESENTS THE FINAL AGREEMENT OF THE GRANTORS AND THE
SECURED PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF, AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO PROMISES,
UNDERTAKINGS, REPRESENTATIONS OR WARRANTIES BY THE ADMNISTRATIVE
AGENT OR ANY OTHER SECURED PARTY RELATIVE TO THE SUBJECT MATTER
HEREOF NOT EXPRESSLY SET FORTH OR REFERRED TO HEREIN. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.18.&#xA0; <font style="text-decoration: underline">Time is of the
Essence</font></font><font style="font-family: Times New Roman; font-size: 13px">. Time is of the
essence of this Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.19.&#xA0; <font style="text-decoration: underline">Survival</font></font><font style="font-family: Times New Roman; font-size: 13px">. All covenants,
agreements, representations and warranties made by the Grantors
herein and in the certificates or other instruments delivered in
connection with or pursuant to this Agreement shall be considered
to have been relied upon by the Secured Parties and shall survive
the execution and delivery of this Agreement and the making of the
Loans, regardless of any investigation made by any Secured Party or
on its behalf and notwithstanding that any Secured Party may have
had notice or knowledge of any Default or incorrect representation
or warranty at the time any credit is extended hereunder, and shall
continue in full force and effect as long as the principal of or
any accrued interest on the Loans or any other Guaranteed
Obligations are outstanding and unpaid.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[Signature Page
Follows]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">31</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, each of the undersigned has caused this Agreement
to be duly executed and delivered as of the date first above
written.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">GRANTOR</font>:</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">AEMETIS,
INC.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 285px">
<div style="display: table-row">
<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
/s/ <font style="text-decoration: underline">Eric A.
McAfee</font></font></div>
</div>
</div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Eric A. McAfee</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px">Title:
President and CEO</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">AGENT</font>:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">THIRD
EYE CAPITAL CORPORATION</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 285px">
<div style="display: table-row">
<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0; &#xA0;
&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline; color: #000000">/s/ Arif N.
Bhalwani</font></font></div>
</div>
</div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Arif N. Bhalwani</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Managing Director</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">[Signature
Page &#x2013; General Security Agreement]</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 1</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ASSIGNED
AGREEMENTS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Schedule
2</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">DESCRIPTION
OF INVESTMENT PROPERTY</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Stock:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Notes:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Debt Securities</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Partnership Interests:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
LLC Interests:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Trust Interests:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Security Entitlements:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Commodity Contracts:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Other
Investment Property:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Deposit
Accounts:</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: center; margin: 0 auto;width: 100%;">
<tr>
<td style="width: 25%; vertical-align: bottom;"><font><font style="text-decoration: underline; font-size: 11px;">Grantor</font></font></td>
<td style="width: 25%; vertical-align: bottom;"><font><font style="font-size: 11px">Deposit Account<br>
<font style="text-decoration: underline;">Number and
Location</font></font></font></td>
<td style="width: 25%; vertical-align: bottom;"><font><font style="font-size: 11px">Depository Bank<br>
<font style="text-decoration: underline;">(Name and
Address)</font></font></font></td>
<td style="width: 25%; vertical-align: bottom;"><font><font style="font-size: 11px">Depositary Bank&#x2019;s<br>
Jurisdiction under<br>
<font style="text-decoration: underline;">UCC
9-304</font></font></font></td>
</tr></table>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 3</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">FILINGS
AND OTHER ACTIONS</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">REQUIRED TO PERFECT
SECURITY INTERESTS</font></font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Uniform Commercial Code Filings</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="text-align: center; width: 50%; font-family: Times New Roman; font-size: 13px; margin: 0px auto;">
<tr>
<td style="vertical-align: middle; width: 50%; border-left: 0.5pt solid rgb(0, 0, 0); border-top: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Grantor</font></div>
</td>
<td style="vertical-align: middle; width: 50%; border-width: 0.5pt 0.5pt 2px; border-style: solid; border-color: rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">UCC
Filing Office</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 50%; border-left: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 50%; border-left: 0.5pt solid rgb(0, 0, 0); border-right: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Patent and Trademark Filings</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Recordation of any
Intellectual Property Security Agreement or IP Security Agreement
Supplement with the United States Patent and Trademark Office
and/or the United States Copyright Office, as applicable, with
respect to Grantor&#x2019;s registered Intellectual Property, if
any.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Actions with respect to Investment Property</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Deliver
to the Agent all certificated securities (if any) described on
Schedule 2, as such schedule may be updated from time to
time.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Other Actions</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Enter
into a Control Agreements with respect to any deposit account
described on Schedule 2 or any other securities accounts, security
entitlements, commodity contracts, commodity accounts, and deposit
accounts that are created or acquired after the Closing
Date.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 4</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">JURISDICTIONS
OF ORGANIZATION AND CHIEF EXECUTIVE OFFICES</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">A.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Exact
legal name, jurisdiction of organization, type of organization,
location of chief executive office or sole place of business,
taxpayer identification number and organizational identification
number of each Grantor:</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 16%; border-left: 0.5pt solid rgb(255, 255, 255); border-top: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Legal Name of Each Grantor</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-left: 0.5pt solid rgb(255, 255, 255); border-top: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Jurisdiction of Organization</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-left: 0.5pt solid rgb(255, 255, 255); border-top: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Type of Organization</font></font></font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid rgb(255, 255, 255); border-top: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Location of</font></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Chief Executive</font></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Office/Sole Place</font></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
of Business</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-left: 0.5pt solid rgb(255, 255, 255); border-top: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Federal</font></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Taxpayer I.D.<br></font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-top: 0.5pt solid rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); border-left: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Organizational I.D. #</font></font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 16%; border-left: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid #FFFFFF; border-right: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">B.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Other
names (including trade names and fictitious business names) under
which each Grantor has done business for the past five (5)
years:</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">C.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Changes
in name, jurisdiction of organization, type of organization,
organizational identification number, taxpayer identification
number, chief executive office or sole place of business, or
corporate or organizational structure for the past five (5)
years:</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 33%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 34%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 34%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">D.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Security
agreements pursuant to which any Grantor is bound as a debtor
within the past five (5) years:</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 5</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">LOCATION
OF INVENTORY AND EQUIPMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 6</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">INTELLECTUAL
PROPERTY</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">A.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Patents</font></div>
</div>
</div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 15%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">B.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Trademarks</font></div>
</div>
</div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 15%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">C.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Trade
Names</font></div>
</div>
</div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">D.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Copyrights</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">E.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">IP
Agreements</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">F.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Internet
Domain Names</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 7</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">COMMERCIAL
TORT CLAIMS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 8</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">EQUIPMENT
SUBJECT TO CERTIFICATE OF TITLE STATUTES</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 33%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Make</font></font></div>
</td>
<td style="vertical-align: bottom; width: 34%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Model</font></font></div>
</td>
<td style="vertical-align: bottom; width: 34%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Certificate of
Title #</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">(Specify State)</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 33%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 34%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 34%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 9</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">LETTERS
OF CREDIT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 16%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Account
Party</font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Issuer</font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Nominated</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Person</font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Beneficiary</font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Face
Amount</font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Date</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 16%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 16%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
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<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 10</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">EXISTING
PRIOR LIENS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Annex 1
to</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Security
Agreement</font></font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">ASSUMPTION
AGREEMENT, dated as of ________________, 201__, made by
_______________, a _____________ (the "<font style="text-decoration: underline">Additional Grantor</font>"), in favor
of THIRD EYE CAPITAL CORPORATION, as administrative agent and
collateral agent for and on behalf of the Noteholders (in such
aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">WITNESSETH:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Goodland
Advanced Fuels, Inc., a Delaware corporation, the Noteholders from
time to time party thereto, and the Agent have entered into that
certain Note Purchase Agreement, dated as of ____, 2017 (as
amended, varied, supplemented, restated, renewed or replaced at any
time and from time to time, the "<font style="text-decoration: underline">Note Purchase
Agreement</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, in
connection with the Note Purchase Agreement, Aemetis, Inc., a
Nevada corporation (the &#x201C;<font style="text-decoration: underline">Company</font>&#x201D;) has entered
into that certain General Security Agreement, dated as of ____,
2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the "<font style="text-decoration: underline">Security Agreement</font>"; terms
defined in the Security Agreement and not defined herein are used
herein as defined in the Security Agreement) in favor of the Agent
for the benefit of the Secured Parties;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, the Note
Purchase Agreement and/or the Security Agreement requires the
Additional Grantor to become a party to the Security Agreement;
and</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, the
Additional Grantor has agreed to execute and deliver this
Assumption Agreement in order to become a party to the Security
Agreement;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, IT IS AGREED:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">1.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Security
Agreement</font>. By executing and delivering this Assumption
Agreement, the Additional Grantor, as provided in Section 8.14 of
the Security Agreement, hereby becomes a party to the Security
Agreement as a Grantor thereunder with the same force and effect as
if originally named therein as a Grantor and, without limiting the
generality of the foregoing, hereby expressly assumes all
obligations and liabilities of a Grantor thereunder. The Additional
Grantor hereby further agrees, as of the date first above written,
that each reference in the Security Agreement to a "Grantor" shall
also mean and be a reference to such Additional Grantor. The
information set forth in <font style="text-decoration: underline">Annex 1-A</font> hereto is hereby
added to the information set forth in the Schedules to the Security
Agreement and the Additional Grantor hereby certifies, as of the
date first above written, that such supplemental schedules have
been prepared by the undersigned in substantially the form of the
equivalent Schedules to the Security Agreement and are complete and
correct. The Additional Grantor hereby represents and warrants that
each of the representations and warranties contained in Article IV
of the Security Agreement is true and correct on and as of the date
hereof (after giving effect to this Assumption Agreement) as if
made on and as of such date.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">2.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Grant
of Security</font>. Without limiting the generality of Section 1 of
this Assumption Agreement, as security for the prompt and complete
payment and performance when due of all of the Guaranteed
Obligations, the Additional Grantor hereby assigns and transfers to
the Agent, and hereby grants to the Agent, for the benefit of the
Secured Parties, a security interest in, all of its right, title
and interest in and to all of the Collateral, whether now owned or
hereafter acquired by the Additional Grantor, wherever located and
whether now or hereafter existing or arising, including, without
limitation, the property and assets of the undersigned set forth on
the attached supplemental schedules to the Schedules to the
Security Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">3.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Counterparts</font>.
This Assumption Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same
effect as if the signatures thereto were upon the same instrument.
Delivery of an executed signature page of this Assumption Agreement
by facsimile transmission shall be effective as delivery of a
manually executed counterpart hereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">4.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Governing
Law</font>. THIS ASSUMPTION AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE ADDITIONAL GRANTOR AND THE AGENT HEREUNDER AND
ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN
CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR
RELATING TO THIS ASSUMPTION AGREEMENT AND THE TRANSACTIONS
CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">5.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; text-decoration: underline">INTEGRATION</font><font style="font-weight: bold">.
THIS WRITTEN ASSUMPTION AGREEMENT REPRESENTS THE FINAL AGREEMENT
BETWEEN THE PARTIES REGARDING THE SUBJECT MATTER HEREOF AND MAY NOT
BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT
ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS BETWEEN THE PARTIES.</font></font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[Signature Pages
Follow]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the undersigned has caused this Assumption
Agreement to be duly executed and delivered as of the date first
above written.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 312px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[NAME
OF ADDITIONAL GRANTOR]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 244px;">
<div style="display: table-row">
<div style="display: table-cell; width: 276px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></font></div>
</div>
</div>
<div style="display: table; margin-left: 272px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="display: table; margin-left: 272px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Accepted and agreed
to by:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">THIRD
EYE CAPITAL CORPORATION,</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">as
Agent</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 252px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0;&#xA0;<br></font></font></div>
</div>
</div>
<div style="display: table; margin-left: 27px;">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="display: table; margin-left: 27px;">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 252px"><font style="font-family: Times New Roman; font-size: 13px">By:<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0;&#xA0;<br></font></font></div>
</div>
</div>
<div style="display: table; margin-left: 27px;">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
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<div style="display: table; margin-left: 27px;">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font>&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Annex
1-A to</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Assumption
Agreement</font></font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 1</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 2</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 3</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 4</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 5</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 6</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 7</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 8</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 9</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 10</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Annex 2
to</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Security Agreement</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">FORM
OF INTELLECTUAL PROPERTY SECURITY AGREEMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">This
INTELLECTUAL PROPERTY SECURITY AGREEMENT (as amended, restated,
supplemented or otherwise modified from time to time, the
"<font style="text-decoration: underline">IP Security
Agreement</font>") dated as of ____________________, 201__, is made
by the Persons listed on the signature pages hereof (collectively,
the "<font style="text-decoration: underline">Grantors</font>") in
favor of THIRD EYE CAPITAL CORPORATION, as administrative agent and
collateral agent for and on behalf of the Noteholders (in such
aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Goodland
Advanced Fuels, Inc., a Delaware corporation, the Noteholders from
time to time party thereto, and the Agent have entered into that
certain Note Purchase Agreement, dated as of ____, 2017 (as
amended, varied, supplemented, restated, renewed or replaced at any
time and from time to time, the "<font style="text-decoration: underline">Note Purchase
Agreement</font>").</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, in
connection with the Note Purchase Agreement, Aemetis, Inc. (the
&#x201C;<font style="text-decoration: underline">Company</font>&#x201D;) has entered
into that certain General Security Agreement, dated as of ____,
2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the "<font style="text-decoration: underline">Security Agreement</font>"; terms
defined in the Security Agreement and not defined herein are used
herein as defined in the Security Agreement) in favor of the Agent
for the benefit of the Secured Parties.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, under the
terms of the Security Agreement, the Grantors have granted to the
Agent, for the benefit of the Secured Parties, a security interest
in, among other property, all Intellectual Property of the
Grantors, and have agreed as a condition thereof to execute this IP
Security Agreement for recording with the United States Patent and
Trademark Office, the United States Copyright Office and other
Governmental Authorities.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Grantor agrees
as follows:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
1.&#xA0; <font style="text-decoration: underline">Grant of
Security</font>. Each Grantor hereby grants to the Agent, for the
benefit of the Secured Parties, a security interest in all of such
Grantor&#x2019;s right, title and interest in and to the following
(the "<font style="text-decoration: underline">Collateral</font>"):</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
patents and patent applications set forth in <font style="text-decoration: underline">Schedule A</font> hereto (the
"<font style="text-decoration: underline">Patents</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
trademark and service mark registrations and applications set forth
in <font style="text-decoration: underline">Schedule&#xA0;B</font>
hereto, together with the goodwill symbolized thereby (the
"<font style="text-decoration: underline">Trademarks</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all copyrights, whether registered or unregistered, now owned or
hereafter acquired by such Grantor, including, without limitation,
the copyright registrations and applications and copyright licenses
set forth in <font style="text-decoration: underline">Schedule&#xA0;C</font> hereto (the
"<font style="text-decoration: underline">Copyrights</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all reissues, divisions, continuations, continuations-in-part,
extensions, renewals and reexaminations of any of the foregoing,
all rights in the foregoing provided by international treaties or
conventions, all rights corresponding thereto throughout the world
and all other rights of any kind whatsoever of such Grantor
accruing thereunder or pertaining thereto;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
and all claims for damages and injunctive relief for past, present
and future infringement, dilution, misappropriation, violation,
misuse or breach with respect to any of the foregoing, with the
right, but not the obligation, to sue for and collect, or otherwise
recover, such damages; and</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
and all proceeds of, collateral for, income, royalties and other
payments now or hereafter due and payable with respect to, and
supporting obligations relating to, any and all of the Collateral
of or arising from any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
2.&#xA0; <font style="text-decoration: underline">Security for
Guaranteed Obligations</font>. The grant of a security interest in,
the Collateral by each Grantor under this IP Security Agreement
secures the prompt and complete payment and performance when due of
all Guaranteed Obligations, whether direct or indirect, now
existing or hereafter arising, absolute or contingent, and whether
for principal, reimbursement obligations, interest, premiums,
penalties, fees, guarantee obligations, indemnifications, contract
causes of action, costs, expenses or otherwise.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
3.&#xA0; <font style="text-decoration: underline">Recordation</font>. Each Grantor
authorizes and requests that the Register of Copyrights, the
Commissioner for Patents and the Commissioner for Trademarks and
any other applicable Governmental Authority record this IP Security
Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
4. <font style="text-decoration: underline">Execution in
Counterparts</font>. This IP Security Agreement may be executed in
any number of counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall
constitute one and the same agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
5. <font style="text-decoration: underline">Grants, Rights and
Remedies</font>. This IP Security Agreement has been entered into
in conjunction with the provisions of the Security Agreement. Each
Grantor does hereby acknowledge and confirm that the grant of the
security interest hereunder to, and the rights and remedies of, the
Agent with respect to the Collateral are more fully set forth in
the Security Agreement, the terms and provisions of which are
incorporated herein by reference as if fully set forth
herein.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.&#xA0; <font style="text-decoration: underline">Governing
Law</font>. THIS IP SECURITY AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE GRANTORS AND SECURED PARTIES HEREUNDER AND ANY
CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN
CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR
RELATING TO THIS IP SECURITY AGREEMENT AND THE TRANSACTIONS
CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, each Grantor has caused this IP Security Agreement
to be duly executed and delivered by its officer thereunto duly
authorized as of the date first above written.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[Signature Pages
Follow]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[NAME
OF GRANTOR]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="display: table-cell; width: 300px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
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<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
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<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
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<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Address
for Notices:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[NAME
OF GRANTOR]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 300px;">
<div style="display: table-row">
<div style="display: table-cell; width: 300px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></font></div>
</div>
</div>
<div style="display: table; margin-left: 327px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
<div style="display: table; margin-left: 327px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Address
for Notices:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Annex 3
to</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Security Agreement</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">FORM
OF INTELLECTUAL PROPERTY SECURITY AGREEMENT SUPPLEMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">This
INTELLECTUAL PROPERTY SECURITY AGREEMENT SUPPLEMENT (this
"<font style="text-decoration: underline">IP Security Agreement
Supplement</font>") dated as of ________, 201_, is made by the
Person listed on the signature page hereof (the "<font style="text-decoration: underline">Grantor</font>") in favor of THIRD EYE
CAPITAL CORPORATION, as administrative agent and collateral agent
for and on behalf of the Noteholders (in such aforesaid capacities,
or any successor or assign in such capacities, the
&#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Goodland
Advanced Fuels, Inc., a Delaware corporation (the
&#x201C;<font style="text-decoration: underline">Company</font>&#x201D;), the
Noteholders from time to time party thereto, and the Agent have
entered into that certain Note Purchase Agreement, dated as of
____, 2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the "<font style="text-decoration: underline">Note Purchase
Agreement</font>").</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, in
connection with the Note Purchase Agreement, the Company has
entered into that certain General Security Agreement, dated as of
____, 2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the "<font style="text-decoration: underline">Security Agreement</font>"; terms
defined in the Security Agreement and not defined herein are used
herein as defined in the Security Agreement) in favor of the Agent
for the benefit of the Secured Parties.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, under the
terms of the Security Agreement, the Grantor has granted to the
Agent, for the benefit of the Secured Parties, a security interest
in the Collateral (as defined in Section&#xA0;1 below) of the
Grantor and has agreed as a condition thereof to execute this IP
Security Agreement Supplement for recording with the United States
Patent and Trademark Office, the United States Copyright Office and
other Governmental Authorities.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Grantor agrees as
follows:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
1.&#xA0; <font style="text-decoration: underline">Grant of
Security</font>. The Grantor hereby grants to the Agent, for the
benefit of the Secured Parties, a security interest in all of the
Grantor&#x2019;s right, title and interest in and to the following
(the "<font style="text-decoration: underline">Collateral</font>"):</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
patents and patent applications set forth in <font style="text-decoration: underline">Schedule A</font> hereto (the
"<font style="text-decoration: underline">Patents</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the trademark and service mark registrations and applications set
forth in <font style="text-decoration: underline">Schedule&#xA0;B</font> hereto,
together with the goodwill symbolized thereby (the "<font style="text-decoration: underline">Trademarks</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the copyright registrations and applications and copyright licenses
set forth in <font style="text-decoration: underline">Schedule&#xA0;C</font> hereto (the
"<font style="text-decoration: underline">Copyrights</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all reissues, divisions, continuations, continuations-in-part,
extensions, renewals and reexaminations of any of the foregoing,
all rights in the foregoing provided by international treaties or
conventions, all rights corresponding thereto throughout the world
and all other rights of any kind whatsoever of such Grantor
accruing thereunder or pertaining thereto;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
any and all claims for damages and injunctive relief for past,
present and future infringement, dilution, misappropriation,
violation, misuse or breach with respect to any of the foregoing,
with the right, but not the obligation, to sue for and collect, or
otherwise recover, such damages; and</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
and all proceeds of, collateral for, income, royalties and other
payments now or hereafter due and payable with respect to, and
supporting obligations relating to, any and all of the foregoing or
arising from any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
2.&#xA0; <font style="text-decoration: underline">Supplement to
Security Agreement</font>. <font style="text-decoration: underline">Schedule 6</font> to the Security
Agreement is, effective as of the date hereof, hereby supplemented
to add to such Schedule the Collateral described in Section 1
above.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
3. <font style="text-decoration: underline">Security for Guaranteed
Obligations</font>. The grant of a security interest in the
Collateral by the Grantor under this IP Security Agreement
Supplement secures the prompt and complete payment and performance
when due of all Guaranteed Obligations, whether direct or indirect,
absolute or contingent, now existing or hereafter arising, and
whether for principal, reimbursement obligations, interest,
premiums, penalties, fees, guarantee obligations, indemnifications,
contract causes of action, costs, expenses or
otherwise.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
4. <font style="text-decoration: underline">Recordation</font>. The
Grantor authorizes and requests that the Register of Copyrights,
the Commissioner for Patents and the Commissioner for Trademarks
and any other applicable Governmental Authority to record this IP
Security Agreement Supplement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
5.&#xA0; <font style="text-decoration: underline">Grants, Rights
and Remedies</font>. This IP Security Agreement Supplement has been
entered into in conjunction with the provisions of the Security
Agreement. The Grantor does hereby acknowledge and confirm that the
grant of the security interest hereunder to, and the rights and
remedies of, the Agent with respect to the Collateral are more
fully set forth in the Security Agreement, the terms and provisions
of which are incorporated herein by reference as if fully set forth
herein.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.&#xA0; <font style="text-decoration: underline">Governing
Law</font>. THIS IP SECURITY AGREEMENT SUPPLEMENT AND THE RIGHTS
AND OBLIGATIONS OF THE GRANTOR AND SECURED PARTIES HEREUNDER AND
ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN
CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR
RELATING TO THIS IP SECURITY AGREEMENT SUPPLEMENT AND THE
TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">[Signature Pages
Follow]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the Grantor has caused this IP Security Agreement
Supplement to be duly executed and delivered by its officer
thereunto duly authorized as of the date first above
written.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[NAME
OF GRANTOR]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 300px;">
<div style="display: table-row">
<div style="display: table-cell; width: 300px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></font></div>
</div>
</div>
<div style="display: table; margin-left: 327px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="display: table; margin-left: 327px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Address
for Notices:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Annex 4
to</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Security Agreement</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">FORM
OF CONSENT AND AGREEMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">The
undersigned hereby (a) acknowledges notice of, and consents to the
terms and provisions of, that certain General Security Agreement
dated as of ____, 2017 (as amended, varied, supplemented, restated,
renewed or replaced at any time and from time to time, the
"<font style="text-decoration: underline">Security
Agreement</font>", the terms defined therein being used herein as
therein defined) from ____________________ (the "<font style="text-decoration: underline">Grantor</font>") and certain other
grantors from time to time party thereto to THIRD EYE CAPITAL
CORPORATION, as administrative agent and collateral agent for and
on behalf of the Noteholders (in such aforesaid capacities, or any
successor or assign in such capacities, the &#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;), (b) consents in
all respects to the pledge and assignment to the Agent of all of
the Grantor&#x2019;s right, title and interest in, to and under the
Assigned Agreement (as defined below) pursuant to the Security
Agreement, (c) consents to any and all filings made or required by
the Agent to perfect the security interest in the Assigned
Agreement created by the Security Agreement, (d) agrees that the
Agent shall be entitled to exercise any and all rights and remedies
of the undersigned under the Assigned Agreement in accordance with
the terms of the Security Agreement, and (e) agrees with the Agent
that:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;A
true copy of the agreement between the undersigned and the Grantor
dated ____________, ____ (the "<font style="text-decoration: underline">Assigned Agreement</font>"),
including, without limitation, all amendments, modifications,
restatements and supplements is attached hereto as <font style="text-decoration: underline">Schedule 1</font>. The Assigned
Agreement is in full force and effect, and the undersigned is not
aware of any default under the Assigned Agreement or any event that
would give any party the right to terminate or rescind the Assigned
Agreement. No prepayments have been made of any amounts to become
due under the Assigned Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
undersigned will make all payments to be made by it under or in
connection with the Assigned Agreement in accordance with the
instructions of the Agent.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
payments referred to in paragraph (ii) above shall be made by the
undersigned irrespective of, and without deduction for, any
counterclaim, defense, recoupment or set off and shall be final,
and the undersigned will not seek to recover from any Secured Party
for any reason any such payment once made.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent or its designee shall be entitled to exercise any and all
rights and remedies of the Grantor under the Assigned Agreement in
accordance with the terms of the Security Agreement, and the
undersigned shall comply in all respects with such
exercise.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
undersigned will not, without the prior written consent of the
Agent, (A) cancel or terminate the Assigned Agreement or consent to
or accept any cancellation or termination thereof, (B) amend, amend
and restate, supplement or otherwise modify the Assigned Agreement,
or (C) make any prepayment of amounts to become due under or in
connection with the Assigned Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
undersigned shall deliver to the Agent, concurrently with the
delivery thereof to the Grantor, a copy of each notice, request or
demand given by the undersigned pursuant to the Assigned
Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(vii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Neither
the Agent nor any other Secured Party shall have any liability or
obligation under the Assigned Agreement as a result of this Consent
and Agreement, the Security Agreement or otherwise.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(viii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Upon the enforcement of the Security Agreement by the Agent and the
transfer of the Assigned Agreement to a transferee, the undersigned
will recognize the transferee as the counterparty to the Assigned
Agreement in the place and stead of the Grantor.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(ix)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
undersigned shall not sell, assign, convey or grant a security
interest in, or otherwise transfer any of its right, title or
interest in or to, the Assigned Agreement without the prior written
consent of the Agent.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(x)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
undersigned will not commence, or join with any other person or
entity in commencing, any proceeding against the Grantor [or any of
Grantor&#x2019;s affiliates] under any bankruptcy, reorganization,
liquidation, or insolvency law or statute now or hereafter in
effect in any jurisdiction.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">In
order to induce the Noteholders to make the Loans under the Note
Purchase Agreement, the undersigned repeats and reaffirms for the
benefit of the Secured Parties the representations and warranties
made by it in the Assigned Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">This
Consent and Agreement shall be binding upon the undersigned and its
successors and assigns, and shall inure, together with the rights
and remedies of the Agent hereunder, to the benefit of the Secured
Parties and their successors, transferees and assigns. THIS CONSENT
AND AGREEMENT AND THE RIGHTS AND OBLIGATIONS HEREUNDER OF THE
PARTIES HERETO, THE GRANTOR AND SECURED PARTIES, AND ANY CLAIMS,
CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR
TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS
AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the undersigned has duly executed this Consent and
Agreement as of the date set opposite its name below.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Dated:
_______________, 201__.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 312px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[NAME
OF COUNTERPARTY TO ASSIGNED AGREEMENT]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 328px;">
<div style="display: table-row">
<div style="display: table-cell; width: 276px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0;<br></font></font></div>
</div>
</div>
<div style="display: table; margin-left: 356px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
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<div style="display: table-row">
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">ACKNOWLEDGEMENT AND CONSENT</font><font style="font-size: 70%; vertical-align: top"><a href="#ref.CBLMD1">***</a></font></font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">The
undersigned hereby acknowledges receipt of a copy of the General
Security Agreement dated as of ____, 2017 (the "<font style="text-decoration: underline">Agreement</font>"), made by Goodland
Advanced Fuels, Inc. and the other Grantors parties thereto from
time to time, for the benefit of THIRD EYE CAPITAL CORPORATION, as
Agent. The undersigned agrees for the benefit of the Agent and the
other Secured Parties as follows:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">1. The
undersigned irrevocably and unconditionally consents to the
execution, delivery and performance of the Agreement by each of the
Grantors and to the exercise and enforcement by the Agent of its
rights and remedies thereunder.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">2. The
undersigned will be bound by the terms of the Agreement and will
comply with such term insofar as such terms are applicable to the
undersigned.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">3. The
undersigned will notify the Agent promptly in writing of the
occurrence of any of the events described in clause (A), (B) or (C)
of Section 6.03(a)(ii) of the Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">The
terms of Sections 6.03(d) and 6.06 of the Agreement shall apply to
it, mutatis mutandis, with respect to all actions that may be
required of it pursuant to 6.03(d) or 6.06 of the
Agreement.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[Name
of Issuer]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></font></div>
</div>
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<div style="display: table-row">
<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
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<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;</font></div>
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<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Address
for Notices:</font></div>
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<div style="text-align: left; margin-left: 312px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Fax:
________________________________</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><a name="ref.CBLMD1"><font style="font-size: 70%; vertical-align: top">***</font> This consent is
necessary only with respect to any Issuer which is not also a
Grantor. This consent may be modified or eliminated with respect to
any Issuer that is not controlled by a Grantor.</a></font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>amtx_ex104.htm
<DESCRIPTION>GENERAL SECURITY AGREEMENT
<TEXT>
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<head>
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<title>Blueprint</title>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Exhibit
10.4</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">GENERAL
SECURITY AGREEMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">made
by</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">AEMETIS
ADVANCED PRODUCTS KEYES, INC.,</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">as a
Grantor</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">THE
OTHER GRANTORS FROM TIME TO TIME PARTY HERETO</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">in
favor of</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">THIRD
EYE CAPITAL CORPORATION,</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">as
Agent</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Dated
as of&#xA0;July 10, 2017</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: auto; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 2px; background-color: rgb(0, 0, 0); text-indent: 12px;">
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TABLE OF CONTENTS</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
I DEFINED TERMS</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.01. Definitions</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1</font></div>
</td>
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<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.02. Other Definitional Provisions</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
II [RESERVED]</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
III GRANT OF SECURITY INTEREST</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.01. Grant of Security</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
IV REPRESENTATIONS AND WARRANTIES</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">6</font></div>
</td>
</tr><tr>
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<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.01. Title; No Other Liens</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">6</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.02. Perfected First Priority Liens</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.03. Chief Executive Office; Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.04. Inventory and Equipment</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.05. Farm Products</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.06. Investment Property</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.07. Receivables</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">9</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.08. Intellectual Property</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">9</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.09. Securities Accounts, Commodities Accounts and Deposit
Accounts</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.10. Commercial Tort Claims</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.11. Letters of Credit</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.12. Independent Investigation; Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.13. Assigned Agreements</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
V COVENANTS</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: -24px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.01. Delivery and Control of Instruments, Investment Property,
Negotiable Documents, Chattel Paper, Letter-of-Credit Rights, and
Transferable Records</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.02. Maintenance of Insurance</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">14</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.03. Payment of Guaranteed Obligations</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">14</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.04. Maintenance of Perfected Security Interest; Limitation on
Dispositions; Further Documentation; Inspection; Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">14</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.05. Changes in Locations; Name; Jurisdiction of Incorporation;
Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">15</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.06. Notices</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">15</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.07. Investment Property</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">16</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.08. Inventory and Equipment</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">16</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.09. Receivables</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">17</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.10. Intellectual Property</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">17</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.11. Commercial Tort Claims</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">19</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.12. Assigned Agreements</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">19</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.13. Covenants in Note Purchase Agreement.</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">20</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
VI REMEDIAL PROVISIONS</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">20</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.01. Certain Matters Relating to Receivables</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">20</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.02. Communications with Obligors; Grantors Remain
Liable</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">20</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.03. Voting Rights; Dividends; Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">21</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.04. Proceeds to be Turned Over To Agent</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">22</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.05. Application of Proceeds</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">22</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.06. Remedies</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">23</font></div>
</td>
</tr></table>
</div>
<div style="text-indent: 12px; margin-right: 0px;">
<font>&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">ii</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px;"><font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
TABLE OF CONTENTS</font><br></font></div>
<div style="text-align: center; text-indent: 12px; margin-right: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">(continued)</font><br></font></div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Page</font></div>
&#xA0; <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.07. Registration Rights</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">24</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.08. Deficiency</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">25</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.09. Sales on Credit</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">25</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
VII THE AGENT</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">25</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.01. Agent&#x2019;s Appointment as Attorney-in-Fact;
Etc</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">25</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.02. Duty of Agent</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.03. Financing Statements</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.04. Authority of Agent</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">ARTICLE
VIII MISCELLANEOUS</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.01. Amendments in Writing</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.02. Notices</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">27</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.03. Security Interest Absolute</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">28</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.04. No Waiver by Course of Conduct; Cumulative
Remedies</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">28</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.05. Indemnity and Expenses</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">28</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.06. Successors and Assigns</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">28</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.07. Set-Off</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">29</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.08. Counterparts</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">29</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.09. Severability</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">29</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.10. Headings</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">29</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.11. Governing Law</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">29</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.12. Submission To Jurisdiction</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">30</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.13. Acknowledgements</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">30</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.14. Additional Grantors</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">30</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.15. Release</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">31</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.16. WAIVER OF JURY TRIAL</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">31</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.17. INTEGRATION</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">31</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.18. Time is of the Essence</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">31</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: bottom; width: 91%;">
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.19. Survival</font></div>
</td>
<td style="vertical-align: bottom; width: 9%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">31</font></div>
</td>
</tr></table>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">iii</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
SCHEDULES</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
1<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Assigned
Agreements</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
2<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Investment
Property</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
3</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Perfection
Matters</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
4<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Jurisdictions of
Organization and Chief Executive Offices</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
5</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Inventory and
Equipment Locations</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
6<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Intellectual
Property</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
7</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Commercial Tort
Claims</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
8&#xA0;<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Equipment Subject
to Certificate of Title Statutes</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Schedule
9</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Letters of
Credit</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 88px; padding-right: 8px;"><font style="font-family: Times New Roman; font-size: 13px">Schedule10</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Existing Prior
Liens</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
ANNEXES</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Annex
1</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Form of Assumption
Agreement</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Annex
2</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Form of
Intellectual Property Security Agreement</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Annex
3&#xA0;&#xA0;<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Form of
Intellectual Property Security Agreement Supplement</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px">Annex
4&#xA0;&#xA0;&#xA0;<br></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Form of Consent and
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">iv</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">GENERAL
SECURITY AGREEMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">This
GENERAL SECURITY AGREEMENT, (the &#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;) dated as of
July 10, 2017, is made by Aemetis Advanced Products Keyes, Inc., a
Delaware corporation (the &#x201C;<font style="text-decoration: underline">Company</font>&#x201D;), as a grantor,
and each other Person that may from time to time become party
hereto as a grantor (collectively with the Company, the
&#x201C;<font style="text-decoration: underline">Grantors</font>&#x201D;), in favor of
THIRD EYE CAPITAL CORPORATION, as administrative agent and
collateral agent for and on behalf of the Noteholders (as defined
in the Note Purchase Agreement referred to below) (in such
aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">RECITALS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">A.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Goodland
Advanced Fuels, Inc., the Noteholders from time to time party
thereto, and the Agent have entered into that certain Note Purchase
Agreement of even date herewith (as amended, varied, supplemented,
restated, renewed or replaced at any time and from time to time,
the "<font style="text-decoration: underline">Note Purchase
Agreement</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">B.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor has entered into that certain Limited Guaranty of even date
herewith (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the "<font style="text-decoration: underline">Limited Guaranty</font>") to guarantee
the Guaranteed Obligations (as defined in the Limited
Guaranty);</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">C.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor will derive substantial direct and indirect benefit from
the making of the Loans under the Note Purchase Agreement;
and</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">D.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;It
is a condition precedent to the obligation of the Noteholders to
make Loans under the Note Purchase Agreement that each Grantor
shall have executed and delivered this Agreement to the Agent, for
the benefit of the Agent, the Noteholders from time to time party
to the Note Purchase Agreement and any other holder of any Note
Indebtedness (collectively with the Agent and the Noteholders, the
&#x201C;<font style="text-decoration: underline">Secured
Parties</font>&#x201D;).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the premises and to induce the
Noteholders to make the Loans pursuant to the Note Purchase
Agreement and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, each
Grantor hereby agrees with the Agent, for the benefit of the
Secured Parties, as follows:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="_Toc212630155"><!--anchor--></a>ARTICLE I</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">DEFINED
TERMS</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.01.&#xA0; <font style="text-decoration: underline">Definitions</font></font><font style="font-family: Times New Roman; font-size: 13px">. Unless otherwise
defined herein, terms defined in the Note Purchase Agreement and
used herein shall have the meanings given to them in the Note
Purchase Agreement. Furthermore, unless otherwise defined in this
Agreement or in the Note Purchase Agreement, terms defined in
Article 8 or 9 of the UCC (as defined below) are used in this
Agreement as such terms are defined in such Article 8 or
9.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
following terms shall have the following meanings:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Accounts</font>" means all "accounts"
as such term is defined in Article 9 of the UCC.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Agreement</font>" means this General
Security Agreement, as amended, varied, supplemented, restated,
renewed or replaced at any time and from time to time.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Assigned Agreements</font>" means the
contracts and agreements listed in <font style="text-decoration: underline">Schedule 1</font>, as the same may be
amended, restated, supplemented or otherwise modified from time to
time, including, without limitation, (i) all rights of any Grantor
to receive moneys due and to become due to it thereunder or in
connection therewith, (ii) all rights of any Grantor to receive
proceeds of any insurance, indemnity, warranty, or guaranty
thereunder or in connection therewith, (iii) all rights of any
Grantor to damages arising thereunder or in connection therewith
and (iv) all rights of any Grantor to perform thereunder and to
compel performance and otherwise exercise rights and remedies
thereunder.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Assumption Agreement</font>" means an
Assumption Agreement in substantially the form of <font style="text-decoration: underline">Annex&#xA0;1</font> to this
Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Capital Stock</font>&#x201D; means,
with respect to any Person, (a) any and all of the shares,
interests, rights, participations or other equivalents (however
designated) of capital stock of (or other ownership or profit
interests in) such Person, (b) any and all of the warrants, options
or other rights for the purchase or acquisition from such Person of
shares of capital stock of (or other ownership or profit interests
in) such Person, and (c) all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or
profit interests in) such Person or warrants, rights or options for
the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit
interests in such Person (including partnership, member or trust
interests therein), in the case of clauses (a) through (c) above,
whether voting or nonvoting, and whether or not such shares,
participations, warrants, options, rights or other interests are
outstanding on any date of determination.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Collateral</font>" has the meaning
specified in Section 3.01.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Collateral Accounts</font>" means any
collateral account established by the Agent pursuant to this
Agreement or the Note Purchase Agreement. Each Collateral Account
shall be in the name of the Agent and shall be under the sole
dominion and control of the Agent.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Commodity Account Control
Agreement</font>" has the meaning specified in Section
5.01(e).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Company</font>" has the meaning
specified in the opening paragraph of this Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Computer Software</font>" means all
computer software, programs and databases (including, without
limitation, source code, object code and all related applications
and data files), firmware and documentation and materials relating
thereto, together with any and all maintenance rights, service
rights, programming rights, hosting rights, test rights,
improvement rights, renewal rights and indemnification rights and
any substitutions, replacements, improvements, error corrections,
updates and new versions of any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Consent to Assignment of Letter of
Credit Rights</font>" has the meaning specified in Section
5.01(g).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Control Agreement</font>" means a
Deposit Account Control Agreement, Securities Account Control
Agreement, Commodity Account Control Agreement or Uncertificated
Security Control Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Copyright Licenses</font>" means any
written agreement naming any Grantor as licensor or licensee
(including, without limitation, those listed in <font style="text-decoration: underline">Schedule 6</font>), granting any right
under any Copyright, including, without limitation, the grant of
rights to manufacture, distribute, exploit and sell materials
derived from any Copyright.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Copyrights</font>" means (i) all
copyrights arising under the laws of the United States, any other
country or any political subdivision thereof, whether registered or
unregistered and whether published or unpublished (including,
without limitation, those listed in <font style="text-decoration: underline">Schedule 6</font>), all registrations
and recordings thereof, and all applications in connection
therewith, including, without limitation, all registrations,
recordings and applications in the United States Copyright Office,
and (ii) the right to obtain all renewals thereof.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Deposit Account Control
Agreement</font>" has the meaning specified in Section
5.01(f).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Equipment</font>" means all
"equipment" as such term is defined in Article 9 of the UCC and, in
any event, includes, without limitation, all machinery, tools,
office equipment, furniture, furnishings, and fixtures (including
trade fixtures and business fixtures) and all parts thereof and all
accessions thereto and all software related thereto.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">General Intangibles</font>" means all
"general intangibles" as such term is defined in Article 9 of the
UCC and, in any event, includes, without limitation, with respect
to each Grantor, (i)&#xA0;all tax refunds, claims for tax refunds,
and tax credits, (ii)&#xA0;all permits, licenses, approvals,
authorizations, consents, variances, and certifications of any
Governmental Authority, (iii)&#xA0;all judgments, claims, tort
claims, and causes of action, (iv)&#xA0;all property, casualty,
liability, business interruption, and other insurance of any kind
or character, and all insurance claims and insurance refund claims,
(v)&#xA0;all letters of credit and letter-of-credit rights,
(vi)&#xA0;all payment intangibles, (vii)&#xA0;all lists, customer
lists, books, records, recorded knowledge, goodwill, ledgers, files
(whether in printed form or stored electronically), designs,
blueprints, data, specifications, engineering reports, and manuals,
computer programs and software, and (viii)&#xA0;all contracts,
agreements, instruments and indentures in any form, and portions
thereof, to which such Grantor is a party or under which such
Grantor has any right, title or interest or to which such Grantor
or any property of such Grantor is subject, as the same may from
time to time be amended, supplemented, replaced or otherwise
modified, including, without limitation, (A) all rights of such
Grantor to receive moneys due and to become due to it thereunder or
in connection therewith, (B) all rights of such Grantor to damages
arising thereunder and (C) all rights of such Grantor to perform
and to exercise all remedies thereunder.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Indemnified Party</font>" has the
meaning specified in Section 8.05(a).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Intellectual Property</font>" means
the collective reference to all rights, priorities and privileges
relating to intellectual property, whether arising under United
States, multinational or foreign laws or otherwise, including,
without limitation, all Copyrights, Patents, Trademarks, IP
Agreements, Trade Secrets, Computer Software, and internet domain
names, and all rights to sue at law or in equity for any
infringement or other impairment thereof, including the right to
receive all proceeds and damages therefrom.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Intellectual Property Security
Agreement</font>" has the meaning specified in Section
5.10(f).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Intercompany Note</font>" means each
Revolving Intercompany Note and any other promissory note
evidencing loans, advances or other extensions of credit made by
any Grantor to any other Obligor or any of such Grantor&#x2019;s
Subsidiaries.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Inventory</font>" means all
"inventory" as such term is defined in Article 9 of the UCC and, in
any event, includes, without limitation, (i)&#xA0;all goods held
for sale or lease or to be furnished under contracts of service or
so leased or furnished, all raw materials, component materials,
work in process, finished goods, supplies and other materials used
or consumed in the manufacture, packing, shipping, advertising,
selling, leasing, furnishing or production of such inventory or
otherwise used or consumed in any Grantor&#x2019;s business,
(ii)&#xA0;all goods in which any Grantor has an interest in mass or
a joint or other interest or right of any kind, (iii) all goods
that are returned to or repossessed by or on behalf of any Grantor,
(iv)&#xA0;all computer programs embedded in any goods and all
accessions thereto and products thereof and (v)&#xA0;all documents
therefor and all software relating to any of the
foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Investment Property</font>" means the
collective reference to (i) all "investment property" as such term
is defined in Section 9-102(a)(49) of the UCC, and (ii) whether or
not constituting "investment property" as so defined, all Pledged
Securities.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">IP Agreements</font>" means all
Copyright Licenses, Patent Licenses, Trademark Licenses and all
other agreements, permits, consents, orders, and franchises
relating to the license, development or use of any Copyright,
Patent, Trademark, Computer Software or Trade Secret.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Issuers</font>" means the collective
reference to each issuer of any Investment Property.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Patent Licenses</font>" means all
agreements, whether written or oral, providing for the grant by or
to any Grantor of any right to manufacture, use or sell any
invention covered in whole or in part by a Patent, including,
without limitation, any of the foregoing referred to in
<font style="text-decoration: underline">Schedule
6</font>.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Patents</font>" means (i) all letters
patent of the United States, any other country or any political
subdivision thereof, all reissues and extensions thereof and all
goodwill associated therewith, including, without limitation, any
of the foregoing referred to in <font style="text-decoration: underline">Schedule 6</font>, (ii) all
applications for letters patent of the United States or any other
country and all divisions, continuations and continuations-in-part
thereof, including, without limitation, any of the foregoing
referred to in <font style="text-decoration: underline">Schedule
6</font>, and (iii) all rights to obtain any reissues or extensions
of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Commodity Contracts</font>"
means all commodity contracts listed on <font style="text-decoration: underline">Schedule 2</font> and all other
commodity contracts to which any Grantor is party from time to
time.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Debt Securities</font>" means
all debt securities now owned or hereafter acquired by any Grantor,
including, without limitation, the debt securities listed on
<font style="text-decoration: underline">Schedule 2</font>,
together with any certificates, options, rights or security
entitlements of any nature whatsoever in respect of the debt
securities of any Person that may at any time be issued or granted
to, or held by, any Grantor.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Equity Interests</font>" shall
mean all Pledged Stock, Pledged LLC Interests, Pledged Partnership
Interests and Pledged Trust Interests.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged LLC Interests</font>" means
all interests of any Grantor now owned or hereafter acquired in any
limited liability company including, without limitation, all
limited liability company interests listed on <font style="text-decoration: underline">Schedule 2</font> hereto under the
heading "Pledged LLC Interests" and the certificates, if any,
representing such limited liability company interests and any
interest of such Grantor on the books and records of such limited
liability company and all dividends, distributions, cash, warrants,
rights, options, instruments, securities and other property or
proceeds from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of such
limited liability company interests and any other warrant, right or
option to acquire any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Notes</font>" means all
Intercompany Notes at any time issued to any Grantor and all other
promissory notes issued to or held by any Grantor, including,
without limitation, the Pledged Notes described on <font style="text-decoration: underline">Schedule&#xA0;2</font>.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Partnership Interests</font>"
means all interests of any Grantor now owned or hereafter acquired
in any general partnership, limited partnership, limited liability
partnership or other partnership including, without limitation, all
partnership interests listed on <font style="text-decoration: underline">Schedule 2</font> hereto under the
heading "Pledged Partnership Interests" and the certificates, if
any, representing such partnership interests and any interest of
such Grantor on the books and records of such partnership and all
dividends, distributions, cash, warrants, rights, options,
instruments, securities and other property or proceeds from time to
time received, receivable or otherwise distributed in respect of or
in exchange for any or all of such partnership interests and any
other warrant, right or option to acquire any of the
foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Securities</font>" means the
collective reference to the Pledged Debt Securities, the Pledged
Notes and the Pledged Equity Interests.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Security Entitlements</font>"
means all security entitlements with respect to the financial
assets listed on <font style="text-decoration: underline">Schedule
2</font> and all other security entitles of any
Grantor.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Stock</font>" means all shares
of Capital Stock now owned or hereafter acquired by any Grantor,
including, without limitation, all shares of Capital Stock
described on <font style="text-decoration: underline">Schedule&#xA0;2</font> hereto under
the heading "Pledged Stock", and the certificates, if any,
representing such shares and any interest of such Grantor in the
entries on the books of the issuer of such shares and all
dividends, distributions, cash, warrants, rights, options,
instruments, securities and other property or proceeds from time to
time received, receivable or otherwise distributed in respect of or
in exchange for any or all of such shares and any other warrant,
right or option to acquire any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Pledged Trust Interests</font>" means
all interests of any Grantor now owned or hereafter acquired in a
Delaware business trust or other trust including, without
limitation, all trust interests listed on <font style="text-decoration: underline">Schedule 2</font> hereto under the
heading "Pledged Trust Interests" and the certificates, if any,
representing such trust interests and any securities intermediary
pertaining to such interests and all dividends, distributions,
cash, warrants, rights, options, instruments, securities and other
property or proceeds from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or all
of such trust interests and any other warrant, right or option to
acquire any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Proceeds</font>" shall mean all
"proceeds" as defined in Article 9 of the UCC and, in any event,
includes, without limitation, (i)&#xA0;all payments, dividends or
distributions made with respect to any Investment Property,
(ii)&#xA0;whatever is receivable or received when Collateral or
proceeds are sold, exchanged, collected or otherwise disposed of,
whether such disposition is voluntary or involuntary, and (iii) all
insurance proceeds.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Receivable</font>" means any right to
payment for goods sold or leased or for services rendered, whether
or not such right is evidenced by an instrument or chattel paper
and whether or not it has been earned by performance (including,
without limitation, any Account).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Secured Parties</font>" has the
meaning specified in the recitals hereto.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Securities Account Control
Agreement</font>" has the meaning specified in Section
5.01(d).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Securities Act</font>" means the
Securities Act of 1933, as amended.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Trademark Licenses</font>" means any
agreement, whether written or oral, providing for the grant by or
to any Grantor of any right to use any Trademark, including,
without limitation, any of the foregoing referred to in
<font style="text-decoration: underline">Schedule
6</font>.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Trademarks</font>" means (i) all
trademarks, trade names, corporate names, company names, business
names, fictitious business names, trade styles, service marks,
logos and other source or business identifiers, and all goodwill
associated therewith, now existing or hereafter adopted or
acquired, all registrations and recordings thereof, and all
applications in connection therewith, whether in the United States
Patent and Trademark Office or in any similar office or agency of
the United States, any State thereof or any other country or any
political subdivision thereof, or otherwise, and all common-law
rights related thereto, including, without limitation, any of the
foregoing referred to in <font style="text-decoration: underline">Schedule 6</font>, and (ii) the right
to obtain all renewals thereof.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Trade Secrets</font>" means all
confidential and proprietary information, including, without
limitation, know-how, trade secrets, manufacturing and production
processes and techniques, inventions, research and development
information, databases and data, including, without limitation,
technical data, financial, marketing and business data, pricing and
cost information, business and marketing plans and customer and
supplier lists and information.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">UETA</font>" means the Uniform
Electronic Transactions Act, as in effect in any applicable
jurisdiction.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">UCC</font>" means the Uniform
Commercial Code as in effect from time to time in the State of New
York; provided, that if perfection or the effect of perfection or
non-perfection or the priority of any security interest in any
Collateral is governed by the Uniform Commercial Code as in effect
in a jurisdiction other than the State of New York,
&#x201C;UCC&#x201D; means the Uniform Commercial Code as in effect
from time to time in such other jurisdiction for purposes of the
provisions hereof relating to such perfection, effect of perfection
or non-perfection or priority.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">"<font style="text-decoration: underline">Uncertificated Security Control
Agreement</font>" has the meaning specified in Section
5.01(c).</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.02. <font style="text-decoration: underline">Other Definitional
Provisions</font></font><font style="font-family: Times New Roman; font-size: 13px">. The rules of
construction specified in Sections 1.2, 1.3 and 1.4 of the Note
Purchase Agreement shall apply to this Agreement, <font style="font-style: italic">mutatis mutandis</font>.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
expressions "payment in full," "paid in full" and any other similar
terms or phrases when used herein with respect to the Guaranteed
Obligations shall mean the unconditional, final, indefeasible and
irrevocable payment in full, in immediately available funds, of all
of the Guaranteed Obligations.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 84px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Where
the context requires, terms relating to the Collateral or any part
thereof, when used in relation to a Grantor, shall refer to such
Grantor&#x2019;s Collateral or the relevant part
thereof.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
II</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">[RESERVED]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
III</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">GRANT
OF SECURITY INTEREST</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.01.&#xA0; <font style="text-decoration: underline">Grant of
Security</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor
hereby assigns and transfers to the Agent, and hereby grants to the
Agent, for the benefit of the Secured Parties, a security interest
in, all of the following property now owned or at any time
hereafter acquired by such Grantor or in which such Grantor now has
or at any time in the future may acquire any right, title or
interest (collectively, the "<font style="text-decoration: underline">Collateral</font>"), as collateral
security for the prompt and complete payment and performance when
due (whether at the stated maturity, by acceleration or otherwise)
of the Guaranteed Obligations (as defined in the Limited
Guaranty):</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 120px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
Accounts;</font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 120px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 120px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
as-extracted collateral;</font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 120px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 120px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
chattel paper;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all commercial tort claims, including those described on
<font style="text-decoration: underline">Schedule&#xA0;7</font>;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all deposit accounts;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
documents;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all Equipment;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all fixtures;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
General Intangibles;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(j)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
goods;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(k)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all instruments;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(l)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
Intellectual Property;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(m)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all Inventory;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(n)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all Investment Property;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(o)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all money;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(p)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all supporting obligations;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(q)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all real property and all other personal property of any kind or
character, whether tangible or intangible;</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(r)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all books and records pertaining to the Collateral;
and</font></div>
<div style="text-align: left; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(s)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;to
the extent not otherwise included, all Proceeds and products of any
and all of the foregoing and all collateral security and guarantees
given by any Person with respect to any of the
foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
IV</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">REPRESENTATIONS
AND WARRANTIES</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">To
induce the Noteholders to make the Loans under the Note Purchase
Agreement, each Grantor hereby represents and warrants, to the
Agent and each other Secured Party that as of the date of this
Agreement (and such other times that Grantors are required to make
these representations and warranties under this Agreement or
another Note Purchase Document):</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.01. <font style="text-decoration: underline">Title; No Other
Liens</font></font><font style="font-family: Times New Roman; font-size: 13px">. Except for the
security interest granted to the Agent, for the benefit of the
Secured Parties, pursuant to this Agreement or any other Note
Purchase Document and the other Liens expressly permitted to exist
on the Collateral pursuant to the Note Purchase Agreement, such
Grantor is the legal and beneficial owner of each item of the
Collateral free and clear of any and all Liens, claims, or other
encumbrances. No financing statement, fixture filing or other
public notice with respect to all or any part of the Collateral is
on file or of record in any filing or recording office, except such
as have been filed in favor of the Agent, for the benefit of the
Secured Parties, pursuant to this Agreement or any other Note
Purchase Document or as are otherwise expressly permitted under the
Note Purchase Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">7</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.02.&#xA0; <font style="text-decoration: underline">Perfected
Priority Liens</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
security interests granted pursuant to this Agreement (i) upon
completion of the filings and other actions specified on Schedule 3
(which, in the case of all filings and other documents referred to
on said Schedule, have been delivered to the Agent in completed and
duly executed form and may be filed by the Agent at any time) will
constitute valid perfected security interests in all of the
Collateral in favor of the Agent, for the benefit of the Secured
Parties, as collateral security for the Guaranteed Obligations,
enforceable in accordance with the terms hereof against all
creditors of such Grantor and any Persons purporting to purchase
any Collateral from such Grantor and (ii) are prior to all other
Liens on the Collateral except for (A) unrecorded Liens expressly
permitted by the Note Purchase Agreement which have priority over
the Liens on the Collateral by operation of law and (B) Liens
described on Schedule 10.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Without
limiting Section 4.02(a), each Grantor has taken all actions
necessary or desirable, to the extent required by the Note Purchase
Documents or requested by the Agent, including without limitation
those specified in Section 5.01 of this Agreement to: (i) establish
the Agent&#x2019;s "control" (within the meanings of Sections 8-106
and 9-106 of the UCC) over any portion of the Investment Property
of such Grantor constituting certificated securities,
uncertificated securities, securities accounts, security
entitlements, or commodity accounts or commodity contracts, (ii)
establish the Agent&#x2019;s "control" (within the meaning of
Section 9-104 of the UCC) over all deposit accounts of such
Grantor, (iii) establish the Agent&#x2019;s "control" (within the
meaning of Section 9-107 of the UCC) over all letter-of-credit
rights of such Grantor, (iv) establish the Agent&#x2019;s "control"
(within the meaning of Section 9-105 of the UCC) over all
electronic chattel paper of such Grantor and (v) establish the
Agent&#x2019;s "control" within the meaning of Section 16 of the
UETA over all "transferable records" (as defined in UETA) of such
Grantor.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
tangible chattel paper, instruments and negotiable documents of
each Grantor has been delivered to the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.03.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">Chief Executive Office;
Etc</font></font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor&#x2019;s type of organization, jurisdiction of organization,
organizational identification number, taxpayer identification
number and the location of each Grantor&#x2019;s chief executive
office or sole place of business, as the case may be, are specified
on <font style="text-decoration: underline">Schedule
4</font>.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor&#x2019;s exact legal name is set forth on <font style="text-decoration: underline">Schedule 4</font> and such Grantor has
not conducted business in the last five (5) years, and does not
conduct business, under any other name (including any trade-name or
fictitious business name) except for those names listed on
<font style="text-decoration: underline">Schedule
4</font>.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Except as provided in <font style="text-decoration: underline">Schedule 4</font>, such Grantor has
not changed its name, jurisdiction of organization, organizational
identification number, type of organization, taxpayer
identification number, chief executive office or sole place of
business or its organizational structure in any way (e.g., by
merger, consolidation, change in organizational form or otherwise)
within the past five (5) years.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor has not within the last five (5) years become bound
(whether by merger or otherwise) as a debtor under a security
agreement entered into by another Person, which has not been
terminated other than security agreements identified on
<font style="text-decoration: underline">Schedule
4</font>.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to each security agreement identified on <font style="text-decoration: underline">Schedule 4</font> pursuant to Section
4.04(d), such Grantor has set forth on <font style="text-decoration: underline">Schedule 4</font> the information
required pursuant to clauses (a), (b) and (c) of this Section for
the debtor under each such security agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">8</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
actions and consents, filings, notices, registrations, and
recordings necessary or desirable for the exercise by the Agent of
the voting or other rights provided for in this Agreement or the
exercise of remedies in respect of the Collateral have been taken,
made or obtained or, in the case of filings or recordings,
authorized.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
information on <font style="text-decoration: underline">Schedule
4</font> with respect to such Grantor is true and correct in all
respects.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
information supplied by such Grantor to the Agent with respect to
the Collateral is accurate and complete.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.04. <font style="text-decoration: underline">Inventory and
Equipment</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
of the Inventory and the Equipment of such Grantor is kept at the
locations listed on <font style="text-decoration: underline">Schedule 5</font>.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;None
of the Inventory or Equipment of such Grantor is in the possession
of an issuer of a negotiable document (as defined in Section 7-104
of the UCC) therefor or otherwise in the possession of a bailee or
warehouseman.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
Equipment of such Grantor that is subject to a certificate of title
statute is described on <font style="text-decoration: underline">Schedule 8</font>.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.05. <font style="text-decoration: underline">Farm
Products</font></font><font style="font-family: Times New Roman; font-size: 13px">. None of the
Collateral constitutes, or is the Proceeds of, farm
products.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.06. <font style="text-decoration: underline">Investment
Property</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Schedule
2</font> hereto sets forth under the headings "Pledged Stock,"
"Pledged LLC Interests," "Pledged Partnership Interests" and
"Pledged Trust Interests," respectively, all of the Pledged Stock,
Pledged LLC Interests, Pledged Partnership Interests and Pledged
Trust Interests owned by each Grantor and such Pledged Equity
Interests constitute the percentage of issued and outstanding
shares of stock, percentage of membership interests, percentage of
partnership interests or percentage of beneficial or ownership
interests of the respective Issuers thereof indicated on such
Schedule.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Schedule
2</font> hereto sets forth under the heading "Pledged Debt
Securities" or "Pledged Notes" all of the Pledged Debt Securities
and Pledged Notes owned by each Grantor and (i) each such Pledged
Debt Security and Pledged Note has been duly authorized,
authenticated or issued, and delivered and is the legal, valid and
binding obligation of the Issuer thereof enforceable against such
Issuer in accordance with its terms, and (ii) the Issuer of each
such Pledged Debt Security is not in default of any of its
obligations thereunder.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
of the Pledged Equity Interests owned by such Grantor has been duly
authorized and validly issued and is fully paid and
nonassessable.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor is the record and beneficial owner of, and has good and
marketable title to, the Pledged Equity Interests pledged by it
hereunder, free and clear of any and all Liens or options in favor
of, or claims of, any other Person, except the security interest
created by this Agreement, and there are no outstanding preemptive
rights, warrants, options or other rights to purchase, or
shareholder, voting trust or similar agreements outstanding with
respect to, or property that is convertible into, or that requires
the issuance or sale of, Pledged Equity Interests.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">9</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
No consent of any Person, including any other general or limited
partner, any other member of a limited liability company, any other
shareholder or any other trust beneficiary is necessary or
desirable in connection with the creation, perfection or first
priority status of the security interest of the Agent hereunder in
any Pledged Equity Interests or the exercise by the Agent of the
voting or other rights provided for in this Agreement or the
exercise of remedies in respect thereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
certificated securities owned by such Grantor have been delivered
to the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
terms of each Pledged Partnership Interest and Pledged LLC Interest
expressly provide that they are securities governed by Article 8 of
the Uniform Commercial Code.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.07. <font style="text-decoration: underline">Receivables</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Each Receivable (i) is and will be the legal, valid and binding
obligation of the account debtor in respect thereof, (ii) is and
will be enforceable in accordance with its terms, (iii) is and will
not be subject to any setoffs, defenses, taxes or counterclaims
(except with respect to disputes, refunds, returns, discounts and
allowances in the ordinary course of business) and (iv) is and will
be in compliance with all Requirements of Law.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
No amount payable to such Grantor under or in connection with any
Receivable is evidenced by any certificated security, instrument or
tangible chattel paper that has not been delivered to the Agent or
constitutes electronic chattel paper that has not been subjected to
the control (within the meaning of Section 9-105 of the UCC) of the
Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;None
of the obligors on any of the Receivables is a Governmental
Authority.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
amounts represented by such Grantor to the Agent from time to time
as owing to such Grantor in respect of the Receivables will at such
times be accurate.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.08.&#xA0;&#xA0; <font style="text-decoration: underline">Intellectual
Property.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
The operation of such Grantor&#x2019;s business as currently
conducted or as contemplated to be conducted and the use of the
Intellectual Property in connection therewith do not conflict with,
infringe, misappropriate, dilute, misuse or otherwise violate the
intellectual property rights of any third party.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Such Grantor is the exclusive owner of all right, title and
interest in and to the Intellectual Property, and is entitled to
use all Intellectual Property subject only to the terms of the IP
Agreements.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Intellectual Property set forth on <font style="text-decoration: underline">Schedule&#xA0;6</font> hereto includes
all of the patents, patent applications, domain names, trademark
registrations and applications, copyright registrations and
applications and IP Agreements owned by such Grantor.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Intellectual Property is subsisting and has not been adjudged
invalid or unenforceable in whole or part, and to the best of such
Grantor&#x2019;s knowledge, is valid and enforceable. Such Grantor
is not aware of any uses of any item of Intellectual Property that
could be expected to lead to such item becoming invalid or
unenforceable.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">10</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor has made or performed all filings, recordings and other
acts and has paid all required fees and taxes to maintain and
protect its interest in each and every item of Intellectual
Property in full force and effect throughout the world, and to
protect and maintain its interest therein including, without
limitation, recordations of any of its interests in the Patents and
Trademarks with the United States Patent and Trademark Office and
in corresponding national and international patent offices, and
recordation of any of its interests in the Copyrights with the
United States Copyright Office and in corresponding national and
international copyright offices. Such Grantor has used proper
statutory notice in connection with its use of each patent,
trademark and copyright in the Intellectual Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
claim, action, suit, investigation, litigation or proceeding has
been asserted or is pending or threatened against such Grantor (i)
based upon or challenging or seeking to deny or restrict the
Grantor&#x2019;s rights in or use of any of the Intellectual
Property, (ii) alleging that the Grantor&#x2019;s rights in or use
of the Intellectual Property or that any services provided by,
processes used by, or products manufactured or sold by, such
Grantor infringe, misappropriate, dilute, misuse or otherwise
violate any patent, trademark, copyright or any other proprietary
right of any third party, or (iii) alleging that the Intellectual
Property is being licensed or sublicensed in violation or
contravention of the terms of any license or other agreement. To
the best of Grantor&#x2019;s knowledge, no Person is engaging in any
activity that infringes, misappropriates, dilutes, misuses or
otherwise violates the Intellectual Property or the Grantor&#x2019;s
rights in or use thereof. Except as set forth on <font style="text-decoration: underline">Schedule&#xA0;6</font> hereto, such
Grantor has not granted any license, release, covenant not to sue,
non-assertion assurance, or other right to any Person with respect
to any part of the Intellectual Property. The consummation of the
transactions contemplated by the Note Purchase Documents will not
result in the termination or impairment of any of the Intellectual
Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;To
the best of Grantor&#x2019;s knowledge, with respect to each IP
Agreement: (i) such IP Agreement is valid and binding and in full
force and effect and represents the entire agreement between the
respective parties thereto with respect to the subject matter
thereof; (ii) such IP Agreement will not cease to be valid and
binding and in full force and effect on terms identical to those
currently in effect as a result of the rights and interest granted
herein, nor will the grant of such rights and interest constitute a
breach or default under such IP Agreement or otherwise give any
party thereto a right to terminate such IP Agreement; (iii) such
Grantor has not received any notice of termination or cancellation
under such IP Agreement; (iv) such Grantor has not received any
notice of a breach or default under such IP Agreement, which breach
or default has not been cured; (v) such Grantor has not granted to
any other third party any rights, adverse or otherwise, under such
IP Agreement; and (vi) neither such Grantor nor any other party to
such IP Agreement is in breach or default thereof in any material
respect, and no event has occurred that, with notice or lapse of
time or both, would constitute such a breach or default or permit
termination, modification or acceleration under such IP
Agreement.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;To
the best of such Grantor&#x2019;s knowledge, (A) none of the Trade
Secrets of such Grantor has been used, divulged, disclosed or
appropriated to the detriment of such Grantor for the benefit of
any other Person other than such Grantor; (B) no employee,
independent contractor or agent of such Grantor has misappropriated
any trade secrets of any other Person in the course of the
performance of his or her duties as an employee, independent
contractor or agent of such Grantor; and (C) no employee,
independent contractor or agent of such Grantor is in default or
breach of any term of any employment agreement, non-disclosure
agreement, assignment of inventions agreement or similar agreement
or contract relating in any way to the protection, ownership,
development, use or transfer of such Grantor&#x2019;s Intellectual
Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
Grantor or Intellectual Property is subject to any outstanding
consent, settlement, decree, order, injunction, judgment or ruling
restricting the use of any Intellectual Property or that would
impair the validity or enforceability of such Intellectual
Property.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.09.&#xA0; <font style="text-decoration: underline">Securities
Accounts, Commodities Accounts and Deposit Accounts</font></font>
<font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">11</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Schedule
2</font> sets forth under the headings "Securities Accounts" and
"Commodities Accounts," respectively, all of the securities
accounts and commodities accounts in which each Grantor has an
interest. Each Grantor is the sole entitlement holder of each such
securities account and commodity account shown opposite its name on
Schedule 2, and such Grantor has not consented, to, and is not
otherwise aware of, any Person (other than the Agent pursuant
hereto) having "control" (within the meanings of Sections 8-106 and
9-106 of the UCC) over, or any other interest in or claim against,
any such securities account or commodity account or any securities,
commodities or other property credited thereto.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Schedule
2</font> sets forth under the heading "Deposit Accounts" all of the
deposit accounts in which each Grantor has an interest. Each
Grantor is the sole account holder of each such deposit account
shown opposite its name on <font style="text-decoration: underline">Schedule 2</font> and such Grantor has
not consented to, and is not otherwise aware of, any Person (other
than the Agent pursuant hereto) having "control" (within the
meaning of Section 9-104 of the UCC) over, or any other interest in
or claim against, any such deposit account or any money or other
property deposited therein.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.10. <font style="text-decoration: underline">Commercial Tort
Claims</font></font><font style="font-family: Times New Roman; font-size: 13px">. Such Grantor has
no commercial tort claims other than (a) those listed on
<font style="text-decoration: underline">Schedule 7</font>, or (b)
as to which the actions required by Section 5.11 have been
taken.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.11. <font style="text-decoration: underline">Letters of
Credit</font></font><font style="font-family: Times New Roman; font-size: 13px">. Such Grantor is
not a beneficiary or assignee under any letter of credit, other
than the letters of credit described in <font style="text-decoration: underline">Schedule&#xA0;9</font>, and legal,
binding and enforceable consents, in substantially the form of the
Consent to Assignment of Letter of Credit Rights, are in effect for
each letter of credit in which such Grantor has rights. Such
Grantor has instructed all issuers and nominated Persons under
letters of credit in which such Grantor is the beneficiary or
assignee to make all payments thereunder to a Collateral
Account.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.12.&#xA0; <font style="text-decoration: underline">Independent
Investigation; Etc</font></font><font style="font-family: Times New Roman; font-size: 13px">. Such Grantor has,
independently and without reliance upon any Secured Party and based
on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this
Agreement. Such Grantor will benefit directly and indirectly from
its execution and delivery of this Agreement and from the making of
the Loans by the Noteholders under the Note Purchase Agreement.
There are no conditions precedent to the effectiveness of this
Agreement that have not been satisfied or waived.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.13. <font style="text-decoration: underline">Assigned
Agreements.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
consent of any party (other than such Grantor) to any Assigned
Agreement is required, or purports to be required, in connection
with the execution, delivery and performance of this
Agreement.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Assigned Agreement has been duly authorized, executed and delivered
by each of the parties thereto, is in full force and effect, and
constitutes a valid and legally enforceable obligation of the
parties thereto, subject to the effects of bankruptcy, insolvency,
reorganization, moratorium and other similar laws relating to or
affecting creditors&#x2019; rights generally and general equitable
principles (whether considered in a proceeding in equity or at
law).</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
consent or authorization of, filing with or other act by or in
respect of any Governmental Authority is required in connection
with the execution, delivery, performance, validity or
enforceability of any of the Assigned Agreements by any party
thereto other than those which have been duly obtained, made or
performed, are in full force and effect and do not subject the
scope of any such Assigned Agreement to any limitation, either
specific or general in nature.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">12</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Neither
such Grantor nor (to the best of such Grantor&#x2019;s knowledge)
any of the other parties to the Assigned Agreements is in default
in the performance or observance of any of the terms thereof in any
manner that, in the aggregate, could reasonably be expected to have
a Material Adverse Effect.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
right, title and interest of such Grantor in, to and under the
Assigned Agreements are not subject to any defenses, offsets,
recoupments, counterclaims or claims that, in the aggregate, could
reasonably be expected to have a Material Adverse
Effect.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor has delivered to the Agent a complete and correct copy of
each Assigned Agreement, including all amendments, supplements and
other modifications thereto.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
amount payable to such Grantor under or in connection with any
Assigned Agreement is evidenced by any instrument or chattel paper
that has not been delivered to the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;None
of the parties to any Assigned Agreement is a Governmental
Authority.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
requested by the Agent, each party to the Assigned Agreements
(other than a Grantor) has executed and delivered to the Agent a
consent in substantially the form of <font style="text-decoration: underline">Annex 4</font> hereto, to the
assignment of the Assigned Agreements to the Agent, for the benefit
of the Secured Parties, pursuant to this Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
V</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">COVENANTS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">Each
Grantor covenants and agrees with the Secured Parties that, from
and after the date of this Agreement until the Guaranteed
Obligations shall have been paid and performed in
full:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.01. <font style="text-decoration: underline">Delivery and Control
of Instruments, Investment Property, Negotiable Documents, Chattel
Paper, Letter-of-Credit Rights, and Transferable
Records.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
any of the Collateral is or shall become evidenced by any
instrument, certificated security, negotiable document or tangible
chattel paper, such Grantor shall immediately deliver such
instrument, certificated security, negotiable document or tangible
chattel paper to the Agent, duly indorsed in a manner satisfactory
to the Agent, to be held as Collateral pursuant to this
Agreement.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
any of the Collateral is or shall become electronic chattel paper,
such Grantor shall ensure that (i) a single authoritative copy
exists which is unique, identifiable, and unalterable (except as
provided in clauses (iii), (iv) and (v) of this Section 5.01(b)),
(ii) such authoritative copy identifies the Agent as the assignee
and is communicated to and maintained by the Agent or its designee,
(iii) copies or revisions that add or change the assignee of the
authoritative copy can only be made with the participation of the
Agent, (iv) each copy of the authoritative copy and any copy of a
copy is readily identifiable as a copy and not the authoritative
copy and (v) any revision of the authoritative copy is readily
identifiable as an authorized or unauthorized
revision.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
any of the Collateral is or shall become evidenced or represented
by an uncertificated security, such Grantor shall immediately cause
the Issuer thereof either (i) to register the Agent as the
registered owner of such uncertificated security, upon original
issue or registration of transfer or (ii) to agree in writing with
such Grantor and the Agent that such Issuer will comply with
instructions with respect to such uncertificated security
originated by the Agent without further consent of such Grantor,
such agreement to be in form and substance satisfactory to the
Agent (each such agreement being an "<font style="text-decoration: underline">Uncertificated Security Control
Agreement</font>").</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">13</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to any Investment Property of such Grantor consisting of a
securities account or security entitlement, such Grantor shall, at
the request of the Agent, enter into, and shall cause the
securities intermediary maintaining such securities account or
security entitlement to enter into, a control agreement with the
Agent in form and substance satisfactory to the Agent pursuant to
which such securities intermediary shall agree to comply with the
entitlement orders and other instructions originated by the Agent
without further consent of such Grantor (each such agreement being
a "<font style="text-decoration: underline">Securities Account
Control Agreement</font>").</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to any Investment Property of such Grantor consisting of a
commodity account or commodity contract, such Grantor shall, at the
request of the Agent, enter into, and shall cause the commodity
intermediary maintaining such commodity account or commodity
contract to enter into, a control agreement with the Agent in form
and substance satisfactory to the Agent, pursuant to which such
commodity intermediary shall agree to comply with the Agent&#x2019;s
instructions to apply any value distributed on account of any
commodity contract carried in the commodity account or other
directions concerning the commodity account originated by the
Agent, in each case without further consent by such Grantor (each
such agreement being a "<font style="text-decoration: underline">Commodity Account Control
Agreement</font>").</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to each deposit account of such Grantor, such Grantor
shall, at the request of the Agent, enter into, and shall cause the
bank maintaining such deposit account to enter into, a control
agreement with the Agent in form and substance satisfactory to the
Agent pursuant to which such bank shall agree to comply with
instructions originated by the Agent directing the disposition of
funds in such deposit account without further consent by such
Grantor (such agreement being a "<font style="text-decoration: underline">Deposit Account Control
Agreement</font>").</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to any letter-of-credit rights of such Grantor, such
Grantor shall, at the request of the Agent, obtain the consent of
the issuer thereof and any nominated Person thereon to the
assignment of the proceeds of the related letter of credit to the
Agent in accordance with Section 5-114(c) of the UCC, such consent
to be in form and substance satisfactory to the Agent (each such
consent being a "<font style="text-decoration: underline">Consent
to Assignment of Letter of Credit Rights</font>").</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor shall, at the request of the Agent, enter into Control
Agreements with respect to any securities accounts, security
entitlements, commodity contracts, commodity accounts, and deposit
accounts that are created or acquired after the Closing Date, as of
or prior to the deposit or transfer of any such security
entitlements, commodity contracts or funds into such securities
accounts, commodity accounts or deposit accounts.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor will maintain all transferable records (as such term is
defined in the UETA) so that the Agent has control of the
transferable records in the manner specified in Section&#xA0;16 of
the UETA.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(j)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Upon
the request of the Agent, such Grantor will notify each Issuer of
Investment Property that such Investment Property is subject to the
security interest granted hereunder.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(k)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
addition to and not in lieu of the foregoing, if any Issuer of any
Investment Property is organized under the law of, or has its chief
executive office in, a jurisdiction outside of the United States,
each Grantor shall take such additional actions, including, without
limitation, causing the Issuer to register the pledge on its books
and records, as may be necessary or as may be requested by the
Agent, under the laws of such jurisdiction to ensure the validity,
perfection and priority of the security interest of the
Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">14</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.02. <font style="text-decoration: underline">Maintenance of
Insurance.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor will maintain (or cause to be maintained), with financially
sound and reputable companies, insurance policies (i) insuring its
Inventory and Equipment against loss by fire, explosion, theft and
such other casualties as may be reasonably satisfactory to the
Agent and (ii) insuring such Grantor, the Agent and the other
Secured Parties against liability for personal injury and property
damage relating to such Inventory and Equipment, such policies to
be in such form and amounts and having such coverage as may be
reasonably satisfactory to the Agent. Such Grantor shall, if so
requested by the Agent, deliver to the Agent original or duplicate
copies of such policies of insurance.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Each such policy of insurance shall (i) provide that no
cancellation, lapse, expiration, reduction in amount or change in
coverage thereof shall be effective until at least 30 days after
receipt by the Agent of written notice thereof; provided that the
foregoing shall be satisfied if such Grantor uses commercially
reasonable efforts to obtain such terms, (ii) in the case of
liability insurance, provide for all losses to be paid to such
Grantor and the Secured Parties as their interests may appear, and
(iii) be reasonably satisfactory in all other respects to the
Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
an Event of Default shall have occurred and be continuing, the
Agent shall have the sole right, in the name of the Grantor or in
its own name, to file claims under any insurance policies, to
receive, receipt and give acquittance for any payments that may be
payable thereunder, and to execute any and all endorsements,
receipts, releases, assignments, reassignments or other documents
may be necessary to effect the collection, compromise or settlement
of any claims under any such insurance policies.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.03. <font style="text-decoration: underline">Payment of
Indebtedness</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor will
pay and discharge or otherwise satisfy at or before maturity or
before they become delinquent, as the case may be, all taxes,
assessments and governmental charges or levies imposed upon the
Collateral or in respect of income or profits therefrom, as well as
all claims of any kind (including, without limitation, claims for
labor, materials and supplies) against or with respect to the
Collateral, except that no such charge need be paid if the amount
or validity thereof is currently being contested in good faith by
appropriate proceedings, reserves in conformity with GAAP with
respect thereto have been provided on the books of such Grantor and
such proceedings could not reasonably be expected to result in the
sale, forfeiture or loss of any portion of the Collateral or any
interest therein.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.04. <font style="text-decoration: underline">Maintenance of
Perfected Security Interest; Limitation on Dispositions; Further
Documentation; Inspection; Etc.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall, at its sole cost and expense, maintain the security
interest created under this Agreement as a perfected security
interest having at least the priority described in <font style="text-decoration: underline">Section 4.02</font> and shall defend
such security interest against the claims and demands of all
Persons whomsoever.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; Such Grantor shall not sell, assign, transfer, lease, or
otherwise dispose of, or abandon or permit a lapse of, or grant or
permit any Lien on, any of the Collateral or any interest therein,
except as expressly permitted by the Note Purchase
Agreement.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Such Grantor will furnish to the Agent from time to time statements
and schedules further identifying and describing the Collateral and
other assets and property of such Grantor and such other reports in
connection therewith as the Agent may reasonably request, all in
such detail as the Agent may specify.</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">15</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;At
any time and from time to time, upon the written request of the
Agent, and at the sole cost and expense of such Grantor, such
Grantor will promptly and duly authorize, execute and deliver, and
have recorded, all further instruments and documents and take all
further actions as may be necessary or desirable or that the Agent
may request for the purpose of perfecting or protecting the
assignments and security interests granted hereunder and obtaining
or preserving the full benefits of this Agreement and of the rights
and powers herein granted, including, without limitation,
(i)&#xA0;executing and filing any financing or continuation
statements under the Uniform Commercial Code (or other similar
laws) in effect in any jurisdiction with respect to the security
interests created hereby, (ii) delivering and pledging to the Agent
for the benefit of the Secured Parties certificates representing
the Pledged Equity Interests that constitute certificated
securities, accompanied by undated stock powers executed in blank,
(iii)&#xA0;complying with any Requirement of Law (including the
Federal Assignment of Claims Act) as to any Collateral if such
compliance is deemed necessary or advisable by the Agent for the
attachment, perfection or priority of, or the ability of the Agent
to enforce, the Agent&#x2019;s security interest in such Collateral,
(iv)&#xA0;obtaining consents and approvals from any Governmental
Authority or other Person, including without limitation any consent
of any licensor, lessor or other Person obligated on Collateral,
and (v)&#xA0;obtaining waivers from mortgagees, lessors, landlords,
warehousemen, and repairmen in form and substance satisfactory to
the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall permit the Agent, or its designee, to inspect and
audit the Collateral at any reasonable time or times, wherever
located; provided, however, that unless an Event of Default has
occurred and is continuing, Agent shall provide at least three (3)
business days&#x2019; notice. Such Grantor shall reimburse the Agent
on demand for all reasonable and necessary costs and expenses
incurred by the Agent in connection with inspections and audits of
Collateral; provided, however, that Grantor shall not be obligated
to reimburse the Agent for such costs and expenses for more than
two (2) such inspections and audits during each fiscal year unless
an Event of Default has occurred and is continuing.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall not take or permit any action that could impair the
Agent&#x2019;s rights in the Collateral or the perfection or
priority of the security interests created hereunder.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.05. <font style="text-decoration: underline">Changes in
Locations; Name; Jurisdiction of Incorporation;
Etc</font></font><font style="font-family: Times New Roman; font-size: 13px">. Such Grantor will
not, except upon thirty (30) days&#x2019; prior written notice to
the Agent and (a) taking all action required by the Agent to
maintain the validity, perfection and priority of the security
interests provided for herein and (b) if applicable, delivery to
the Agent of a written supplement to <font style="text-decoration: underline">Schedule 5</font> showing any
additional location at which Inventory or Equipment shall be kept
(which supplement may be attached to <font style="text-decoration: underline">Schedule 5</font> by the
Agent):</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;permit
any of the Inventory or Equipment to be kept at a location other
than those listed on <font style="text-decoration: underline">Schedule 5</font>; or</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
change its name, type of organization, jurisdiction of
organization, organizational identification number, federal
taxpayer identification number, or the location of its chief
executive office or sole place of business from that referred to in
<font style="text-decoration: underline">Schedule
4</font>.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.06. <font style="text-decoration: underline">Notices</font></font><font style="font-family: Times New Roman; font-size: 13px">. Such Grantor will
advise the Agent immediately, in reasonable detail,
of:</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
Lien (other than security interests created hereby or Liens
permitted under the Note Purchase Agreement) on any of the
Collateral which would adversely affect the ability of the Agent to
exercise any of its remedies hereunder; and</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
occurrence of any other event which could reasonably be expected to
have a material adverse effect on the aggregate value of the
Collateral or on the security interests created
hereunder.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">16</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.07.&#xA0; <font style="text-decoration: underline">Investment
Property.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Without
the prior written consent of the Agent, such Grantor will not (i)
vote to enable, or take any other action to permit, any Issuer to
issue any Capital Stock of any nature or to issue any other
securities, obligations, rights, or other interests convertible
into or granting the right to purchase or exchange for any Capital
Stock of any nature of any Issuer, (ii) sell, assign, transfer,
exchange, or otherwise dispose of, or grant any option with respect
to, any of the Investment Property or Proceeds thereof (except, in
each case, pursuant to a transaction expressly permitted by the
Note Purchase Agreement), (iii) create, incur or permit to exist
any Lien or option in favor of, or any claim of any Person with
respect to, any of the Investment Property or Proceeds thereof, or
any interest therein, except for the security interests created by
this Agreement or (iv) enter into any agreement or undertaking
restricting the right or ability of such Grantor or the Agent to
sell, assign or transfer any of the Investment Property or Proceeds
thereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the case of each Grantor which is an Issuer, such Issuer agrees
that (i) it will be bound by the terms of this Agreement relating
to the Investment Property issued by it and will comply with such
terms insofar as such terms are applicable to it, (ii) it will
notify the Agent promptly in writing of the occurrence of any of
the events described in clause (A), (B) or (C) of Section
6.03(a)(ii) with respect to the Investment Property issued by it
and (iii) the terms of Sections 6.03(d) and 6.06 shall apply to it,
<font style="font-style: italic">mutatis mutandis</font>, with
respect to all actions that may be required of it pursuant to
Section 6.03(d) or 6.06 with respect to the Investment Property
issued by it. In addition, each Grantor which is either an Issuer
or an owner of any Investment Property consents to the grant by
each other Grantor of the security interest hereunder in favor of
the Agent and to the transfer of any Investment Property to the
Agent or its nominee upon the occurrence or during the continuation
of an Event of Default and to the substitution of the Agent or its
nominee as a partner, member or shareholder of the Issuer of the
related Investment Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall comply with all of its obligations under each Organic
Document governing or relating to Pledged Securities and shall
enforce all of its rights with respect to any Investment
Property.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.08. <font style="text-decoration: underline">Inventory and
Equipment.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
producing its Inventory, such Grantor will comply with all
Requirements of Law, including, without limitation, the Fair Labor
Standards Act. Such Grantor shall maintain all of its Inventory in
good saleable and usable condition</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Such Grantor will cause the Equipment of such Grantor to be
maintained and preserved in the same condition, repair and working
order as when new, ordinary wear and tear excepted, and in
accordance with any manufacturer&#x2019;s manual relating thereto,
and will forthwith, or in the case of any loss or damage to any of
such Equipment as soon as practicable after the occurrence thereof,
make or cause to be made all repairs, replacements and other
improvements in connection therewith that are necessary or
desirable to such end.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall not deliver any document evidencing any Equipment or
Inventory to any Person other than the issuer of such document to
claim the goods evidenced thereby or the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
If any Equipment or Inventory having a value in excess of $25,000
individually or $100,000 in the aggregate is in the possession or
control of a third party, including, without limitation, any
warehouseman, bailee or agent, such Grantor shall immediately
notify the Agent thereof and shall join with the Agent in promptly
notifying the third party of the Agent&#x2019;s security interest
and obtaining a written acknowledgment from the third party that it
is holding the Equipment or Inventory for the benefit, and subject
to the security interest, of the Agent. Such acknowledgment must be
satisfactory in form and substance to the Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to any item of Equipment that is covered by a certificate
of title or ownership under a statute of any jurisdiction under the
law of which indication of a security interest on such certificate
is required as a condition of perfection thereof, such Grantor
shall, at the request of the Agent, promptly (i) provide to the
Agent information with respect to any such Equipment, (ii) execute
and file with the registrar of motor vehicles or other appropriate
authority in such jurisdiction an application or other document
requesting the notation or other indication of the security
interest created hereunder on each such certificate of title, and
(iii) deliver to the Agent copies of all such applications or other
documents so filed and copies of all such certificates of title
issued indicating the security interests created hereunder in the
items of Equipment covered thereby.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
5.09. <font style="text-decoration: underline">Receivables.</font></font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Other
than in the ordinary course of business consistent with its past
practice, such Grantor will not (i) grant any extension of the time
of payment of any Receivable, (ii) adjust, compromise or settle any
Receivable for less than the full amount thereof, (iii) release,
wholly or partially, any Person liable for the payment of any
Receivable, (iv) allow any credit or discount whatsoever on any
Receivable or (v) amend, supplement or modify any Receivable in any
manner that could adversely affect the value thereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall keep and maintain at its own cost and expense
satisfactory and complete records of the Receivables, including,
but not limited to, the originals of all documentation with respect
to all Receivables and records of all payments received and all
credits granted on the Receivables, all merchandise returned and
all other dealings therewith.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall perform in all material respects all of its
obligations with respect to the Receivables.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall use its best efforts to keep in full force and effect
any supporting obligation relating to any Receivable.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor will deliver to the Agent a copy of each demand, notice or
document received by it that questions or calls into doubt the
validity or enforceability of more than 5% of the aggregate amount
of the then outstanding Receivables.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
5.10. <font style="text-decoration: underline">Intellectual
Property.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to each item of its Intellectual Property, each Grantor
agrees to take, at its expense, all necessary steps, including,
without limitation, in the United States Patent and Trademark
Office, the United States Copyright Office and any other
Governmental Authority, to (i) maintain the validity and
enforceability of such Intellectual Property and maintain such
Intellectual Property in full force and effect, and (ii) pursue the
registration and maintenance of each patent, trademark, or
copyright registration or application, now or hereafter included in
such Intellectual Property of such Grantor, including, without
limitation, the payment of required fees and taxes, the filing of
responses to office actions issued by the United States Patent and
Trademark Office, the United States Copyright Office or other
Governmental Authorities, the filing of applications for renewal or
extension, the filing of affidavits under Sections 8 and 15 of the
United States Trademark Act, the filing of divisional,
continuation, continuation-in-part, reissue and renewal
applications or extensions, the payment of maintenance fees and the
participation in interference, reexamination, opposition,
cancellation, infringement and misappropriation proceedings. No
Grantor shall, without the written consent of the Agent,
discontinue use of or otherwise abandon any Intellectual Property,
or abandon any right to file an application for patent, trademark,
or copyright, unless such Grantor shall have previously determined
that such use or the pursuit or maintenance of such Intellectual
Property is no longer desirable in the conduct of such
Grantor&#x2019;s business and that the loss thereof would not be
reasonably likely to have a Material Adverse Effect, in which case,
such Grantor will give prompt notice of any such abandonment to the
Agent.</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">18</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor agrees promptly to notify the Agent if such Grantor becomes
aware (i) that any item of the Intellectual Property may have
become abandoned, placed in the public domain, invalid or
unenforceable, or of any adverse determination or development
regarding such Grantor&#x2019;s ownership of any of the Intellectual
Property or its right to register the same or to keep and maintain
and enforce the same, or (ii) of any adverse determination or the
institution of any proceeding (including, without limitation, the
institution of any proceeding in the United States Patent and
Trademark Office or any court) regarding any item of the
Intellectual Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the event that any Grantor becomes aware that any item of the
Intellectual Property is being infringed or misappropriated by a
third party, such Grantor shall promptly notify the Agent and shall
take such actions, at its expense, as such Grantor or the Agent
deems reasonable and appropriate under the circumstances to protect
or enforce such Intellectual Property, including, without
limitation, suing for infringement or misappropriation and for an
injunction against such infringement or
misappropriation.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor shall use proper statutory notice in connection with its
use of each item of its Intellectual Property. No Grantor shall do
or permit any act or knowingly omit to do any act whereby any of
its Intellectual Property may lapse or become invalid or
unenforceable or placed in the public domain.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor shall take all steps which it or the Agent deems reasonable
and appropriate under the circumstances to preserve and protect
each item of its Intellectual Property, including, without
limitation, maintaining the quality of any and all products or
services used or provided in connection with any of the Trademarks,
consistent with the quality of the products and services as of the
date hereof, and taking all steps necessary to ensure that all
licensed users of any of the Trademarks use such consistent
standards of quality.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;With
respect to its Intellectual Property, to the extent requested by
the Agent on the date hereof or, if applicable, at such later date
on which a Grantor becomes party hereto, such Grantor agrees to
execute and deliver to the Agent an agreement, in substantially the
form set forth in <font style="text-decoration: underline">Annex
2</font> hereto or otherwise in form and substance satisfactory to
the Agent (an "<font style="text-decoration: underline">Intellectual Property Security
Agreement</font>"), for recording the security interest granted
hereunder to the Agent in such Intellectual Property with the
United States Patent and Trademark Office, the United States
Copyright Office and any other domestic or foreign Governmental
Authorities requested by the Agent to perfect the security interest
hereunder in such Intellectual Property.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor agrees that should it obtain an ownership interest in any
new or acquired item of Intellectual Property that is not on the
date hereof listed on <font style="text-decoration: underline">Schedule 6</font> ("<font style="text-decoration: underline">After-Acquired Intellectual
Property</font>") (i) the provisions of this Agreement shall
automatically apply thereto, and (ii) any such After-Acquired
Intellectual Property and, in the case of Trademarks, the goodwill
symbolized thereby, shall automatically become part of the
Collateral subject to the terms and conditions of this Agreement
with respect thereto. Within thirty (30) days after the end of each
fiscal quarter of such Grantor, each Grantor shall give written
notice to the Agent identifying all After-Acquired Intellectual
Property acquired during such Fiscal Quarter, if any, and such
Grantor shall execute and deliver to the Agent with such written
notice, an Intellectual Property Security Agreement, or if such
Grantor has already executed an Intellectual Property Security
Agreement, <font style="text-decoration: underline">Annex 3</font>
hereto or otherwise in form and substance satisfactory to the Agent
(an "<font style="text-decoration: underline">IP Security Agreement
Supplement</font>"), covering such After-Acquired Intellectual
Property which Intellectual Property Security Agreement or IP
Security Agreement Supplement, as applicable, shall be recorded
with the United States Patent and Trademark Office, the United
States Copyright Office and any other Governmental Authorities as
may be requested by the Agent to evidence and perfect the security
interest hereunder in such After-Acquired Intellectual Property.
Upon the execution and delivery to the Agent of an Intellectual
Property Security Agreement or IP Security Agreement Supplement in
accordance with this Section, <font style="text-decoration: underline">Schedule&#xA0;6</font> shall
automatically be deemed amended to include the After-Acquired
Intellectual Property covered by such IP Security Agreement
Supplement.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">19</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall take all steps reasonably necessary to protect the
secrecy of all Trade Secrets, including, without limitation,
entering into confidentiality agreements with employees and
labeling and restricting access to secret information and
documents.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.11. <font style="text-decoration: underline">Commercial Tort
Claims</font></font><font style="font-family: Times New Roman; font-size: 13px">. If such Grantor
shall at any time hold or acquire an interest in any commercial
tort claim, then such Grantor shall within fifteen (15) days of
obtaining such interest sign and deliver documentation acceptable
to the Agent granting a security interest to the Agent in and to
such commercial tort claim under the terms and provisions of this
Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.12.&#xA0; <font style="text-decoration: underline">Assigned
Agreements.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-size: 13px">Such
Grantor shall at its expense</font>:</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;perform
and observe all the terms and provisions of the Assigned Agreements
to be performed or observed by it, maintain Assigned Agreements to
which it is a party in full force and effect, enforce Assigned
Agreements to which it is a party in accordance with their
respective terms, and take all such action to such end as may be
from time to time reasonably requested by the Agent;
and</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;furnish
to the Agent promptly upon receipt thereof copies of all notices,
requests and other documents received by such Grantor under or
pursuant to the Assigned Agreements to which it is a party, and
from time to time (A) furnish to the Agent such information and
reports regarding the Assigned Agreements and the other Collateral
of such Grantor as the Agent may reasonably request and (B) upon
reasonable request of the Agent make to each other party to any
Assigned Agreement to which it is a party such demands and requests
for information and reports or for action as such Grantor is
entitled to make thereunder.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Such
Grantor shall not, except to the extent otherwise expressly
permitted under the Note Purchase Agreement:</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;cancel
or terminate any Assigned Agreement to which it is a party or
consent to or accept any cancellation or termination
thereof;</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
amend, restate, supplement or otherwise modify any such Assigned
Agreement or give any consent, waiver or approval
thereunder;</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
waive any default under or breach of any such Assigned
Agreement;</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
consent to or permit or accept any prepayment of amounts to become
due under or in connection with any such Assigned Agreement, except
as expressly provided therein; or</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">20</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;take
any other action in connection with any such Assigned Agreement
that would impair the value of the interest or rights of such
Grantor thereunder or which would impair the interest or rights of
the Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.13. <font style="text-decoration: underline">Covenants in Note
Purchase Agreement</font>.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;In the
case of each Grantor, such Grantor shall take, or shall refrain
from taking, as the case may be, each action that is necessary to
be taken or not taken, as the case may be, so that no Default or
Event of Default is caused by the failure to take such action or to
refrain from taking such action by such Grantor or any of its
Subsidiaries.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
VI</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">REMEDIAL
PROVISIONS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.01.&#xA0; <font style="text-decoration: underline">Certain
Matters Relating to Receivables.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent shall have the right to verify the Receivables at any time
and from time to time in any manner and through any medium that it
considers advisable, and each Grantor shall furnish all such
assistance and information as the Agent may require in connection
with such test verifications. At any time and from time to time,
upon the Agent&#x2019;s request and at the expense of the relevant
Grantor, such Grantor shall furnish to the Agent reports showing
reconciliations, aging and test verifications of, and trial
balances for, the Receivables. Each Grantor shall provide such
information as the Agent may from time to time request regarding
the Receivables, including agings and trial balances.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent hereby authorizes each Grantor to collect such
Grantor&#x2019;s Receivables, subject to the Agent&#x2019;s direction
and control, and the Agent may curtail or terminate said authority
at any time after the occurrence and during the continuance of an
Event of Default. If required by the Agent at any time after the
occurrence and during the continuance of an Event of Default, any
payments of Receivables, when collected by any Grantor, (i) shall
be forthwith (and, in any event, within two Business Days)
deposited by such Grantor in the exact form received, duly indorsed
by such Grantor to the Agent if required, in a Collateral Account
maintained under the sole dominion and control of the Agent,
subject to withdrawal by the Agent for the account of the Secured
Parties in accordance with this Agreement and the other Note
Purchase Documents, and (ii) until so turned over, shall be held by
such Grantor in trust for the Agent and the Secured Parties,
segregated from other funds of such Grantor. Each such deposit of
Proceeds of Receivables shall be accompanied by a report
identifying in reasonable detail the nature and source of the
payments included in the deposit.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;At
the Agent&#x2019;s request, each Grantor shall deliver to the Agent
all original and other documents evidencing, and relating to, the
agreements and transactions which gave rise to the Receivables,
including, without limitation, all original orders, invoices and
shipping receipts.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.02.&#xA0; <font style="text-decoration: underline">Communications
with Obligors; Grantors Remain Liable.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent in its own name or in the name of others may at any time
communicate with obligors under the Receivables to verify with them
to the Agent&#x2019;s satisfaction the existence, amount and terms
of any Receivables.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Upon the request of the Agent at any time after the occurrence and
during the continuance of an Event of Default, each Grantor shall
notify obligors on the Receivables and parties to the Assigned
Agreements that the Receivables and the Assigned Agreements have
been assigned to the Agent for the benefit of the Secured Parties
and that payments in respect thereof shall be made directly to the
Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">21</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Anything
herein to the contrary notwithstanding, each Grantor shall remain
liable under each of the Receivables and the Assigned Agreements to
observe and perform all the conditions and obligations to be
observed and performed by it thereunder, all in accordance with the
terms of any agreement giving rise thereto. Neither the Agent nor
any other Secured Party shall have any obligation or liability
under any Receivable (or any agreement giving rise thereto) or
Assigned Agreement by reason of or arising out of this Agreement or
the receipt by the Agent or any other Secured Party of any payment
relating thereto, nor shall the Agent or any other Secured Party be
obligated in any manner to perform any of the obligations of any
Grantor under or pursuant to any Receivable (or any agreement
giving rise thereto) or Assigned Agreement, to make any payment, to
make any inquiry as to the nature or the sufficiency of any payment
received by it or as to the sufficiency of any performance by any
party thereunder, to present or file any claim, to take any action
to enforce any performance or to collect the payment of any amounts
which may have been assigned to it or to which it may be entitled
at any time or times.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.03. <font style="text-decoration: underline">Voting Rights;
Dividends; Etc.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;So
long as no Event of Default shall have occurred and be
continuing:</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor shall be entitled to exercise or refrain from exercising
any and all voting and other consensual rights pertaining to the
Investment Property of such Grantor or any part thereof for any
purpose not inconsistent with terms of this Agreement or any other
Note Purchase Document.; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that such Grantor
shall not exercise or refrain from exercising any such right, if
such action would have a material adverse effect on the value of
the Investment Property or any part thereof.</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor shall be entitled to receive and retain any and all
dividends, interest and other distributions paid in respect of the
Investment Property of such Grantor if and to the extent that the
payment thereof is not otherwise prohibited by the terms of this
Agreement or any of the other Note Purchase Documents; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that any and
all</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(A)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;dividends,
interest and other distributions paid or payable other than in cash
in respect of, and instruments and other property received,
receivable or otherwise distributed in respect of, or in exchange
for, any Investment Property,</font></div>
<div style="text-align: justify; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(B)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;dividends
and other distributions paid or payable in cash in respect of any
Investment Property in connection with a partial or total
liquidation or dissolution or in connection with a reduction of
capital, capital surplus or paid-in-surplus, and</font></div>
<div style="text-align: justify; text-indent: 120px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 120px;">
<font style="font-family: Times New Roman; font-size: 13px">(C)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;cash
paid, payable or otherwise distributed in respect of principal of,
or in redemption of, or in exchange for, any Investment Property
shall be, and shall be forthwith delivered to the Agent to hold as,
Collateral and shall, if received by such Grantor, be received in
trust for the benefit of the Agent and the other Secured Parties,
be segregated from the other property or funds of such Grantor, and
be forthwith delivered to the Agent as Collateral in the same form
as so received (with any necessary endorsement or
assignment).</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent will execute and deliver (or cause to be executed and
delivered) to each Grantor all such proxies and other instruments
as such Grantor may reasonably request for the purpose of enabling
such Grantor to exercise the voting and other rights that it is
entitled to exercise pursuant to Section 6.03(a)(i) above and to
receive the dividends or interest payments that it is authorized to
receive and retain pursuant to Section 6.03(a)(ii)
above.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
an Event of Default shall have occurred and be
continuing:</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
rights of each Grantor (x) to exercise or refrain from exercising
the voting and other consensual rights that it would otherwise be
entitled to exercise pursuant to Section 6.03(a)(i) shall, upon
notice to such Grantor by the Agent, cease and (y) to receive the
dividends, interest and other distributions that it would otherwise
be authorized to receive and retain pursuant to Section 6.03(a)(ii)
shall automatically cease, and all such rights shall thereupon
become vested in the Agent, which shall thereupon have the sole
right to exercise or refrain from exercising such voting and other
consensual rights and to receive and hold as Collateral such
dividends, interest and other distributions.</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
dividends, interest and other distributions that are received by
any Grantor contrary to the provisions of Section 6.03(b)(i) shall
be received in trust for the benefit of the Agent and the other
Secured Parties, shall be segregated from other funds of such
Grantor and shall be forthwith paid over to the Agent as Collateral
in the same form as so received (with any necessary endorsement or
assignment).</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent shall have the right at any time to exchange any certificates
or instruments representing any Investment Property for
certificates or instruments of smaller or larger denominations. In
order to permit the Agent to exercise the voting and other
consensual rights which it may be entitled to exercise pursuant
hereto and to receive all dividends, interest and other
distributions which it may be entitled to receive hereunder, each
Grantor shall promptly execute and deliver (or cause to be executed
and delivered) to the Agent all proxies, dividend payment orders
and other instruments as the Agent may from time to time reasonably
request and each Grantor acknowledges that the Agent may utilize
the power of attorney set forth herein.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor hereby authorizes and instructs each Issuer of any
Investment Property pledged by such Grantor hereunder to (i) comply
with any instruction received by it from the Agent in writing that
(x) states that an Event of Default or Default has occurred and is
continuing and (y) is otherwise in accordance with the terms of
this Agreement, without any other or further instructions from such
Grantor, and each Grantor agrees that each Issuer shall be fully
protected in so complying, and (ii) unless otherwise expressly
permitted hereby, pay any dividends, distributions or other
payments with respect to the Investment Property directly to the
Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
an Event of Default shall have occurred and be continuing, the
Agent shall be authorized to send to each securities intermediary,
commodity intermediary, bank or Issuer of an uncertificated
security that is party to a Control Agreement, a notice that the
Agent has exclusive control and dominion under such Control
Agreement (or any comparable notice permitted under such Control
Agreement).</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.04.&#xA0; <font style="text-decoration: underline">Proceeds to be
Turned Over To Agent</font></font><font style="font-family: Times New Roman; font-size: 13px">. In addition to
the rights of the Agent specified in Section 6.01 with respect to
payments of Receivables, if an Event of Default shall occur and be
continuing, all Proceeds received by any Grantor consisting of
cash, checks and other near-cash items shall be held by such
Grantor in trust for the Agent, segregated from other funds of such
Grantor, and shall, immediately upon receipt by such Grantor, be
turned over to the Agent in the exact form received by such Grantor
(duly indorsed by such Grantor to the Agent, if required). All
Proceeds received by the Agent hereunder shall be held by the Agent
in a Collateral Account and shall not constitute payment thereof
until applied as provided in Section 6.05.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.05. <font style="text-decoration: underline">Application of
Proceeds</font></font><font style="font-family: Times New Roman; font-size: 13px">. If an Event of
Default shall have occurred and be continuing, at any time at the
Agent&#x2019;s election, the Agent may apply all or any part of
Proceeds constituting Collateral, whether or not held in any
Collateral Account, in payment of the Guaranteed Obligations in
such order and manner as required pursuant to the Limited Guaranty
or as the Agent may elect in its sole discretion.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.06.&#xA0; <font style="text-decoration: underline">Remedies</font></font><font style="font-family: Times New Roman; font-size: 13px">. If any Event of
Default shall have occurred and be continuing:</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent, on behalf of the Secured Parties, may exercise, in addition
to all other rights and remedies granted to them in this Agreement
and in any other instrument or agreement securing, evidencing or
relating to the Guaranteed Obligations, all rights and remedies of
a secured party under the UCC (whether or not the UCC applies to
the affected Collateral) or any other applicable law or in equity.
Without limiting the generality of the foregoing, the Agent,
without demand of performance or other demand, presentment,
protest, advertisement or notice of any kind (except any notice
required by law referred to below) to or upon any Grantor or any
other Person (all and each of which demands, defenses,
advertisements and notices are hereby waived), may in such
circumstances forthwith collect, receive, appropriate and realize
upon the Collateral, or any part thereof, and/or may forthwith
sell, lease, license, assign, give an option or options to
purchase, or otherwise dispose of and deliver the Collateral or any
part thereof (or contract to do any of the foregoing), in one or
more parcels at public or private sale or sales, at any exchange,
broker&#x2019;s board or office of the Agent or any other Secured
Party or elsewhere upon such terms and conditions as it may deem
advisable and at such prices as it may deem best, for cash or on
credit or for future delivery without assumption of any credit
risk. Each Secured Party shall have the right upon any such public
sale or sales, and, to the extent permitted by law, upon any such
private sale or sales, to purchase the whole or any part of the
Collateral so sold, free of any right or equity of redemption in
any Grantor, which right or equity is hereby waived and released.
Each Grantor further agrees, at the Agent&#x2019;s request, to
assemble the Collateral and make it available to the Agent at
places which the Agent shall reasonably select, whether at such
Grantor&#x2019;s premises or elsewhere. The Agent shall have no
obligation to clean-up or otherwise prepare the Collateral for
sale. The Agent shall not be obligated to make any sale of
Collateral regardless of notice of sale having been given. The
Agent may adjourn any public or private sale from time to time by
announcement at the time and place fixed therefore, and any such
sale may, without further notice, be made at the time and place to
which it was adjourned. Each Grantor agrees that it would not be
commercially unreasonable for the Agent to dispose of the
Collateral or any portion thereof by using Internet sites that
provide for the auction of assets of the types included in the
Collateral or that have the reasonable capability of doing so, or
that match buyers and sellers of assets. Each Grantor hereby waives
any claims against the Agent arising by reason of the fact that the
price at which any Collateral may have been sold at a private sale
was less than the price which might have been obtained at a public
sale, even if the Agent accepts the first offer received and does
not offer such Collateral to more than one offeree. To the extent
permitted by applicable law, each Grantor waives all claims,
damages and demands it may acquire against the Agent or any other
Secured Party arising out of the exercise by them of any rights or
remedies hereunder. If any notice of a proposed sale or other
disposition of Collateral shall be required by law, such notice
shall be deemed reasonable and proper if given at least ten (10)
days before any public sale of Collateral or of the time after
which any private sale or other disposition of Collateral is
intended to be made.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent may sell the Collateral without giving any warranties as to
the Collateral. The Agent may disclaim or modify any warranties of
title or the like. This procedure will not be considered to
adversely affect the commercial reasonableness of any sale of the
Collateral.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent and its agents may enter upon and occupy any real property
owned or leased by any Grantor in order to exercise any of the
Agent&#x2019;s rights and remedies under this Agreement, without any
obligation to such Grantor in respect of such entry or
occupation.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;For
the purpose of enabling the Agent to exercise its rights and
remedies hereunder, each Grantor hereby grants to the Agent an
irrevocable, non-exclusive worldwide license (exercisable without
payment of royalty or other compensation to such Grantor) to use,
operate under, assign, license or sublicense any of the
Intellectual Property now owned or hereafter acquired by such
Grantor, and wherever the same may be located, and including in
such license reasonable access to all media in which any of the
licensed items may be recorded or stored and to all computer
programs used for the compilation or printout thereof.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">24</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent may comply with any applicable Requirement of Law in
connection with a disposition of the Collateral or any part thereof
and such compliance will not be considered adversely to affect any
sale of the Collateral or any part thereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the event of any sale or other disposition of any of the
Intellectual Property of any Grantor, the goodwill symbolized by
any Trademarks subject to such sale or other disposition shall be
included therein, and such Grantor shall supply to the Agent or its
designee such Grantor&#x2019;s know-how and expertise, and documents
and things relating to any Intellectual Property subject to such
sale or other disposition, and such Grantor&#x2019;s customer lists
and other records and documents relating to such Intellectual
Property and to the manufacture, distribution, advertising and sale
of products and services of such Grantor.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent may apply the balance from any deposit account or instruct
the bank at which any deposit account is maintained to pay the
balance of any deposit account to or for the benefit of the Agent
and the other Secured Parties.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent shall have no duty to marshal any of the
Collateral.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.07.&#xA0; <font style="text-decoration: underline">Registration
Rights</font></font><font style="font-family: Times New Roman; font-size: 13px">. If the Agent
shall determine to exercise its right to sell any or all of the
Pledged Equity Interests or Pledged Debt Securities pursuant to
Section 6.06, and if in the opinion of the Agent it is necessary or
advisable to have the Pledged Equity Interests or Pledged Debt
Securities, or that portion thereof to be sold, registered under
the provisions of the Securities Act, the relevant Grantor will
cause the Issuer thereof to (i) execute and deliver, and cause the
directors and officers (or equivalent managers) of such Issuer to
execute and deliver, all such instruments and documents, and do or
cause to be done all such other acts as may be, in the opinion of
the Agent, necessary or advisable to register the Pledged Equity
Interests or Pledged Debt Securities, or that portion thereof to be
sold, under the provisions of the Securities Act, (ii) use its best
efforts to cause the registration statement relating thereto to
become effective and to remain effective for a period of one year
from the date of the first public offering of the Pledged Equity
Interests or Pledged Debt Securities, or that portion thereof to be
sold, and (iii)&#xA0;make all amendments thereto and/or to the
related prospectus which, in the opinion of the Agent, are
necessary or advisable, all in conformity with the requirements of
the Securities Act and the rules and regulations of the Securities
and Exchange Commission applicable thereto. Each Grantor agrees to
cause such Issuer to comply with the provisions of the securities
or "Blue Sky" laws of any and all jurisdictions which the Agent
shall designate and to make available to its security holders, as
soon as practicable, an earnings statement (which need not be
audited) which will satisfy the provisions of Section 11(a) of the
Securities Act.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Each
Grantor recognizes that the Agent may be unable to effect a public
sale of any or all the Pledged Equity Interests or Pledged Debt
Securities, by reason of certain prohibitions contained in the
Securities Act and applicable state securities laws or otherwise,
and may be compelled to resort to one or more private sales thereof
to a restricted group of purchasers which will be obliged to agree,
among other things, to acquire such securities for their own
account for investment and not with a view to the distribution or
resale thereof. Each Grantor acknowledges and agrees that any such
private sale may result in prices and other terms less favorable
than if such sale were a public sale and, notwithstanding such
circumstances, agrees that any such private sale shall be deemed to
have been made in a commercially reasonable manner. The Agent shall
be under no obligation to delay a sale of any of the Pledged Equity
Interests or Pledged Debt Securities for the period of time
necessary to permit the Issuer thereof to register such securities
for public sale under the Securities Act, or under applicable state
securities laws, even if such Issuer would agree to do
so.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">25</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Each
Grantor agrees to use its best efforts to do or cause to be done
all such other acts as may be necessary to make such sale or sales
of all or any portion of the Pledged Equity Interests or Pledged
Debt Securities pursuant to this Section valid and binding and in
compliance with any and all other applicable Requirements of Law.
Each Grantor further agrees that a breach of any of the covenants
contained in this Section will cause irreparable injury to the
Agent and the other Secured Parties, that the Agent and the other
Secured Parties have no adequate remedy at law in respect of such
breach and, as a consequence, that each and every covenant
contained in this Section shall be specifically enforceable against
such Grantor, and such Grantor hereby waives and agrees not to
assert any defenses against an action for specific performance of
such covenants except for a defense that no Event of Default has
occurred under the Note Purchase Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.08.&#xA0; <font style="text-decoration: underline">Deficiency</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor
shall remain liable for any deficiency if the proceeds of any sale
or other disposition of the Collateral are insufficient to pay in
full its Guaranteed Obligations and the fees and disbursements of
any attorneys employed by any Secured Party to collect such
deficiency.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.09.&#xA0; <font style="text-decoration: underline">Sales on
Credit</font></font><font style="font-family: Times New Roman; font-size: 13px">. If the Agent
sells any of the Collateral on credit, the applicable Grantor will
be credited only with cash payments actually made by the purchaser
and received by the Agent and applied to the indebtedness of the
purchaser. In the event the purchaser fails to pay for the
Collateral, the Agent may resell the Collateral and the applicable
Grantor shall be credited with the proceeds of the
sale.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
VII</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">THE
AGENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
7.01. <font style="text-decoration: underline">Agent&#x2019;s
Appointment as Attorney-in-Fact; Etc.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor hereby irrevocably constitutes and appoints the Agent and
any officer or agent thereof, with full power of substitution, as
its true and lawful attorney-in-fact with full irrevocable power
and authority in the place and stead of such Grantor and in the
name of such Grantor or in its own name, from time to time during
the existence of an Event of Default, for the purpose of carrying
out the terms of this Agreement, to take any and all appropriate
action and to execute any and all documents and instruments which
the Agent may deem necessary or desirable to accomplish the
purposes of this Agreement, and, without limiting the generality of
the foregoing, each Grantor hereby gives the Agent the power and
right, on behalf of such Grantor, without notice to or assent by
such Grantor, to do any or all of the following:</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;in
the name of such Grantor or its own name, or otherwise, take
possession of and indorse and collect any checks, drafts, notes,
acceptances or other instruments or chattel paper for the payment
of moneys due under any Receivable or Assigned Agreement or with
respect to any other Collateral and file any claim or take any
other action or proceeding in any court of law or equity or
otherwise deemed appropriate by the Agent for the purpose of
collecting any and all such moneys due under any Receivable or
Assigned Agreement or with respect to any other Collateral whenever
payable;</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;in
the case of any Intellectual Property, prepare, sign, deliver, and
file for recordation in any Intellectual Property registry any and
all agreements, instruments, documents and papers as the Agent may
request to evidence and perfect the Agent&#x2019;s security interest
in such Intellectual Property and the goodwill and general
intangibles of such Grantor relating thereto or represented
thereby;</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">26</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;pay
or discharge taxes and Liens levied or placed on or threatened
against the Collateral, effect any repairs or obtain any insurance
called for by the terms of this Agreement and pay all or any part
of the premiums therefore and the costs thereof;</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;execute,
in connection with any sale provided for in Section&#xA0;6.06 or
6.07, any endorsements, assignments or other instruments of
conveyance or transfer with respect to the Collateral;
and</font></div>
<div style="text-align: justify; text-indent: 84px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 84px;">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;(1)
direct any party liable for any payment under any of the Collateral
to make payment of any and all moneys due or to become due
thereunder directly to the Agent or as the Agent shall direct; (2)
ask or demand for, collect, recover and receive payment of and
receipt for, any and all moneys, claims and other amounts due or to
become due at any time in respect of or arising out of any
Collateral; (3) sign and indorse any invoices, freight or express
bills, bills of lading, storage or warehouse receipts, drafts
against debtors, assignments, verifications, notices and other
documents in connection with any of the Collateral; (4) commence
and prosecute any suits, actions or proceedings at law or in equity
in any court of competent jurisdiction to collect the Collateral or
any portion thereof and to enforce any other right in respect of
any Collateral; (5) defend any suit, action or proceeding brought
against such Grantor with respect to any Collateral; (6) settle,
compromise or adjust any such suit, action or proceeding and, in
connection therewith, give such discharges or releases as the Agent
may deem appropriate; (7) assign any Intellectual Property (along
with the goodwill of the business to which any such Intellectual
Property pertains), throughout the world for such term or terms, on
such conditions, and in such manner, as the Agent shall in its sole
discretion determine; (8) exercise any and all rights, powers,
privileges and remedies of such Grantor under or with respect to
the Assigned Agreements or any other Collateral (including all
rights of performance, termination, and enforcement); (9) operate,
maintain, and repair the Collateral; (10)&#xA0;receive, open and
dispose of any and all mail addressed to any Grantor and notify
postal authorities to change the address for delivery thereof to
such address as the Agent may designate; and (11) generally, sell,
transfer, pledge and make any agreement with respect to or
otherwise deal with any of the Collateral as fully and completely
as though the Agent were the absolute owner thereof for all
purposes, and do, at the Agent&#x2019;s option and such
Grantor&#x2019;s expense, at any time, or from time to time, all
acts and things which the Agent deems necessary to protect,
preserve or realize upon the Collateral and the Agent&#x2019;s
security interests therein and to effect the intent of this
Agreement, all as fully and effectively as such Grantor might
do.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Anything in this
Section 7.01(a) to the contrary notwithstanding, the Agent agrees
that it will not exercise any rights under the power of attorney
provided for in this Section 7.01(a) unless an Event of Default
shall have occurred and be continuing.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
any Grantor fails to perform or comply with any of its agreements
contained herein or in any other Note Purchase Document, the Agent
may, but without any obligation so to do, perform or comply, or
otherwise cause performance or compliance, with such
agreement.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
expenses of the Agent incurred in connection with actions
undertaken as provided in this Section 7.01, together with interest
thereon at a rate per annum equal to the Default Rate (which rate
shall not exceed the maximum non-usurious rate permitted by
applicable law), from the date of payment by the Agent to the date
reimbursed by the relevant Grantor, shall be payable on demand by
such Grantor to the Agent.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor hereby ratifies all that said attorneys shall lawfully do
or cause to be done by virtue hereof. All powers, authorizations
and agencies contained in this Agreement are coupled with an
interest and are irrevocable until this Agreement is terminated and
the security interests created hereby are released.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">27</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
7.02.&#xA0; <font style="text-decoration: underline">Duty of
Agent</font></font><font style="font-family: Times New Roman; font-size: 13px">. The Agent&#x2019;s
sole duty with respect to the custody, safekeeping and physical
preservation of the Collateral in its possession (if any), under
Section 9-207 of the UCC or otherwise, shall be to deal with such
Collateral in a manner substantially similar to that which the
Agent deals with similar property for its own account. Neither the
Agent, any other Secured Party nor any of their respective
officers, directors, partners, employees, agents, advisors,
attorneys, attorneys-in-fact or affiliates shall be liable for
failure to demand, collect or realize upon any of the Collateral or
for any delay in doing so or shall be under any obligation to sell
or otherwise dispose of any Collateral upon the request of any
Grantor or any other Person or to take any other action whatsoever
with regard to the Collateral or any part thereof. The powers
conferred on the Agent pursuant to this Agreement are solely to
protect the Secured Parties&#x2019; interests in the Collateral and
shall not impose any duty upon the Agent to exercise any such
powers. The Agent shall be accountable only for amounts that it
actually receives as a result of the exercise of such powers, and
neither the Agent nor any of its officers, directors, employees,
agents, advisors, attorneys, attorneys-in-fact or affiliates shall
be responsible to any Grantor for any act or failure to act
hereunder, except for its or their own gross negligence or willful
misconduct.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
7.03.&#xA0; <font style="text-decoration: underline">Financing
Statements</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor
hereby authorizes the Agent to file or record financing statements,
continuation statements, and assignments and amendments thereto,
and other filing or recording documents or instruments with respect
to the Collateral without the signature of such Grantor in such
form and in such offices as the Agent determines appropriate to
perfect or maintain the perfection of the security interests of the
Agent under this Agreement. Each Grantor agrees that such financing
statements may describe the Collateral in the same manner as
described in the Security Documents or as all assets or all
personal property whether now owned or hereafter acquired and
wherever located (or use words of similar effect) of such Grantor,
or contain such other description as the Agent, in its sole
judgment, determines is necessary or advisable, including any real
property or fixtures description. Each Grantor hereby ratifies each
such financing statement and any and all other financing statements
filed prior to the date hereof by the Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
7.04.&#xA0; <font style="text-decoration: underline">Authority of
Agent</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor
acknowledges that the rights and responsibilities of the Agent
under this Agreement with respect to any action taken by the Agent
or the exercise or non-exercise by the Agent of any option, voting
right, request, judgment or other right or remedy provided for
herein or resulting or arising out of this Agreement shall, as
between the Agent and the other Secured Parties, be governed by the
Note Purchase Agreement and by such other agreements with respect
thereto as may exist from time to time among them, but, as between
the Agent and the Grantors, the Agent shall be conclusively
presumed to be acting as agent for the Secured Parties with full
and valid authority so to act or refrain from acting, and no
Grantor shall be under any obligation, or entitlement, to make any
inquiry respecting such authority.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
VIII</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">MISCELLANEOUS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.01.&#xA0; <font style="text-decoration: underline">Amendments in
Writing</font></font><font style="font-family: Times New Roman; font-size: 13px">. None of the terms
or provisions of this Agreement may be waived, amended,
supplemented or otherwise modified except pursuant to a written
instrument signed by the Agent and each Grantor.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.02.&#xA0;&#xA0; <font style="text-decoration: underline">Notices</font></font><font style="font-family: Times New Roman; font-size: 13px">. All notices,
requests and demands and other communications to or upon the Agent
or any Grantor hereunder shall be effected in the manner provided
for in Section 8.2 of the Note Purchase Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">28</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.03.&#xA0; <font style="text-decoration: underline">Security
Interest Absolute</font></font><font style="font-family: Times New Roman; font-size: 13px">. All rights of the
Agent and each other Secured Party hereunder, each grant of a
security interest in the Collateral and all obligations of each
Grantor hereunder shall be absolute and unconditional irrespective
of (a) any lack of validity or enforceability of the Note Purchase
Agreement, the Limited Guaranty or any other Note Purchase
Document, any agreement with respect to any of the Guaranteed
Obligations or any other agreement or instrument relating to any of
the foregoing, (b) any change in the time, manner or place of
payment of, or in any other term of, all or any of the Guaranteed
Obligations, or any other amendment or waiver of or any consent to
any departure from the Note Purchase Agreement, the Limited
Guaranty or any other Note Purchase Document or any other agreement
or instrument, (c) any exchange, release or non-perfection of any
Lien on other collateral, or any release or amendment or waiver of
or consent under or departure from any guarantee, securing or
guaranteeing all or any of the Guaranteed Obligations, or (d) any
other circumstance that might otherwise constitute a defense
available to, or a discharge of, any Grantor in respect of the
Guaranteed Obligations or this Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.04.&#xA0;&#xA0; <font style="text-decoration: underline">No
Waiver by Course of Conduct; Cumulative
Remedies</font></font><font style="font-family: Times New Roman; font-size: 13px">. Neither the Agent
nor any other Secured Party shall by any act (except by a written
instrument pursuant to Section 8.01), delay, indulgence, omission
or otherwise be deemed to have waived any right or remedy hereunder
or to have acquiesced in any Default or Event of Default. No
failure to exercise, nor any delay in exercising, on the part of
the Agent or any other Secured Party, any right, power or privilege
hereunder shall operate as a waiver thereof. No single or partial
exercise of any right, power or privilege hereunder shall preclude
any other or further exercise thereof or the exercise of any other
right, power or privilege. A waiver by the Agent or any other
Secured Party of any right or remedy hereunder on any one occasion
shall not be construed as a bar to any right or remedy which the
Agent or such other Secured Party would otherwise have on any
future occasion. The rights and remedies herein provided are
cumulative, may be exercised singly or concurrently and are not
exclusive of any other rights or remedies provided by
law.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.05.&#xA0; <font style="text-decoration: underline">Indemnity and
Expenses.</font></font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor agrees to indemnify, defend and save and hold harmless each
Secured Party and each of their Affiliates and their respective
officers, directors, employees, agents and advisors (each, an
"<font style="text-decoration: underline">Indemnified
Party</font>") from and against, and shall pay on demand, any and
all claims, damages, losses, liabilities and expenses (including,
without limitation, reasonable fees and expenses of counsel) that
may be incurred by or asserted or awarded against any Indemnified
Party, in each case arising out of or in connection with or
resulting from this Agreement (including, without limitation,
enforcement of this Agreement), except to the extent such claim,
damage, loss, liability or expense is found in a final,
non-appealable judgment by a court of competent jurisdiction to
have resulted from such Indemnified Party&#x2019;s gross negligence
or willful misconduct.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor will upon demand pay to the Agent the amount of any and all
costs and expenses, including, without limitation, the reasonable
fees and expenses of its counsel and of any experts and agents,
that the Agent may incur in connection with (i) the custody,
preservation, use or operation of, or the sale of, collection from
or other realization upon, any of the Collateral of such Grantor,
(ii) the exercise or enforcement of any of the rights of the Agent
or the other Secured Parties hereunder or (iii) the failure by such
Grantor to perform or observe any of the provisions
hereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
agreements in this Section 8.05 shall survive repayment of the
Guaranteed Obligations and all other amounts payable under the Note
Purchase Agreement, the Limited Guaranty and the other Note
Purchase Documents.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.06. <font style="text-decoration: underline">Successors and
Assigns</font></font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement
shall be binding upon the successors and assigns of each Grantor
and shall inure to the benefit of the Agent and the other Secured
Parties and their successors and assigns; <font style="text-decoration: underline">provided</font> that no Grantor may
assign, transfer or delegate any of its rights or obligations under
this Agreement without the prior written consent of the
Agent.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">29</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.07.&#xA0; <font style="text-decoration: underline">Set-Off</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each Grantor
hereby irrevocably authorizes each Secured Party at any time and
from time to time while an Event of Default shall have occurred and
be continuing, without notice to such Grantor or any other Grantor,
any such notice being expressly waived by each Grantor, to set-off
and appropriate and apply any and all deposits (general or special,
time or demand, provisional or final), in any currency, and any
other credits, indebtedness or claims, in any currency, in each
case whether direct or indirect, absolute or contingent, matured or
unmatured, at any time held or owing by such Secured Party to or
for the credit or the account of such Grantor, or any part thereof
in such amounts as such Secured Party may elect, against and on
account of the obligations and liabilities of such Grantor to such
Secured Party hereunder and claims of every nature and description
of such Secured Party against such Grantor, in any currency,
whether arising hereunder, under the Note Purchase Agreement, any
other Note Purchase Document or otherwise, as such Secured Party
may elect, whether or not such Secured Party has made any demand
for payment and although such obligations, liabilities and claims
may be contingent or unmatured. Each Secured Party shall notify
such Grantor promptly of any such set-off and the application made
by such Secured Party of the proceeds thereof, <font style="text-decoration: underline">provided</font> that the failure to
give such notice shall not affect the validity of such set-off and
application. The rights of the Secured Parties under this Section
are in addition to other rights and remedies (including, without
limitation, other rights of set-off) which such Secured Party may
have.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.08.&#xA0; <font style="text-decoration: underline">Counterparts</font></font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement
may be executed by one or more of the parties to this Agreement on
any number of separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together
shall be deemed to constitute one and the same instrument. Delivery
of an executed counterpart of a signature page to this Agreement by
facsimile shall be effective as delivery of an original executed
counterpart of this Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.09.&#xA0;</font> <font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Severability</font></font><font style="font-family: Times New Roman; font-size: 13px">. Any provision of
this Agreement which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating
the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other
jurisdiction.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.10.&#xA0; <font style="text-decoration: underline">Headings</font></font><font style="font-family: Times New Roman; font-size: 13px">. The Article and
Section headings used in this Agreement are for convenience of
reference only and are not to affect the construction hereof or be
taken into consideration in the interpretation hereof.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.11. <font style="text-decoration: underline">Governing
Law</font></font><font style="font-family: Times New Roman; font-size: 13px">. THIS AGREEMENT
AND THE RIGHTS AND OBLIGATIONS OF THE GRANTORS AND SECURED PARTIES
HEREUNDER AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION
(WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT
OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED
HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">30</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
8.12.&#xA0; <font style="text-decoration: underline">Submission To
Jurisdiction.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;EACH
GRANTOR IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT
COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR
DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN
TORT OR OTHERWISE, AGAINST THE AGENT, ANY NOTEHOLDER, ANY OTHER
SECURED PARTY OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY
RELATING TO THIS AGREEMENT OR ANY OTHER NOTE PURCHASE DOCUMENT OR
THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER
THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY
AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF
NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE
PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE
JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT
OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE
PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION,
LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN
OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER
PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER NOTE
PURCHASE DOCUMENT SHALL AFFECT ANY RIGHT THAT THE AGENT MAY
OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS
AGREEMENT OR ANY OTHER NOTE PURCHASE DOCUMENT AGAINST THE COMPANY
OR ANY OTHER GRANTOR OR OBLIGOR OR ITS PROPERTIES IN THE COURTS OF
ANY JURISDICTION.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor irrevocably and unconditionally waives, to the fullest
extent permitted by applicable law, any objection that it may now
or hereafter have to the laying of venue of any action or
proceeding arising out of or relating to this Agreement or any
other Note Purchase Document in any court referred to in Section
8.12(a). Each of the parties hereto hereby irrevocably waives, to
the fullest extent permitted by applicable law, the defense of an
inconvenient forum to the maintenance of such action or proceeding
in any such court.</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
party hereto irrevocably consents to service of process in the
manner provided for notices in Section 8.02. Nothing in this
Agreement will affect the right of any party hereto to serve
process in any other manner permitted by applicable
law</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Grantor agrees (i) to not assert any claim against the Agent, any
Noteholder or any of their Related Parties, for special, indirect,
consequential or punitive damages arising out of or otherwise
relating to or alleged in connection with this Agreement or any of
the other Note Purchase Documents or any of the transactions
contemplated herein and (ii) that the Agent, the Noteholders or
their respective Related Parties shall have no responsibility or
liability to any other party or any of its Related Parties for any
such damages.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.13.&#xA0; <font style="text-decoration: underline">Acknowledgements</font></font><font style="font-family: Times New Roman; font-size: 13px">.
Each party hereby acknowledges and agrees that:</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;it
has been advised by counsel in the negotiation, execution and
delivery of this Agreement and the other Note Purchase Documents to
which it is a party, and this Agreement shall be construed as if
jointly drafted by the parties hereto;</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;no
Secured Party has any fiduciary relationship with or duty to any
Grantor arising out of or in connection with this Agreement or any
of the other Note Purchase Documents, and the relationship between
the Grantors, on the one hand, and the Secured Parties, on the
other hand, in connection herewith or therewith is solely that of
debtor and creditor; and</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;no
joint venture is created hereby or by the other Note Purchase
Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Secured Parties or among the Grantors
and the Secured Parties.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.14. <font style="text-decoration: underline">Additional
Grantors</font></font><font style="font-family: Times New Roman; font-size: 13px">. If the Company
shall create or acquire any direct or indirect Subsidiary after the
date hereof, the Company shall immediately cause such Subsidiary to
become a party to this Agreement and to be a Grantor for all
purposes of this Agreement by execution and delivery by such
Subsidiary of an Assumption Agreement in the form of <font style="text-decoration: underline">Annex&#xA0;1</font>
hereto.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.15.&#xA0; <font style="text-decoration: underline">Release</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;At
such time as the Guaranteed Obligations shall have been paid in
full, the Collateral shall be released from the Liens created
hereby, and this Agreement and all obligations (other than those
expressly stated to survive such termination) of the Agent and each
Grantor hereunder shall terminate, all without delivery of any
instrument or performance of any act by any party, and all rights
to the Collateral shall revert to the Grantors. At the request and
sole expense of any Grantor following any such termination, the
Agent shall deliver to such Grantor any Collateral held by the
Agent hereunder, and execute and deliver to such Grantor such
documents as such Grantor shall reasonably request to evidence such
termination.</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Each Grantor acknowledges that it is not authorized to file any
financing statement or amendment or termination statement with
respect to any financing statement originally filed in connection
herewith without the prior written consent of the Agent subject to
such Grantor&#x2019;s rights under Section 9-509(d)(2) of the
UCC.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.16.&#xA0; <font style="font-weight: bold; text-decoration: underline">WAIVER OF JURY
TRIAL</font></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">.
EACH GRANTOR WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY (WHETHER
BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY SECURED
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH SECURED
PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT THE SECURED PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.17. <font style="text-decoration: underline">INTEGRATION</font></font><font style="font-family: Times New Roman; font-size: 13px">. THIS WRITTEN
AGREEMENT REPRESENTS THE FINAL AGREEMENT OF THE GRANTORS AND THE
SECURED PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF, AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO PROMISES,
UNDERTAKINGS, REPRESENTATIONS OR WARRANTIES BY THE ADMNISTRATIVE
AGENT OR ANY OTHER SECURED PARTY RELATIVE TO THE SUBJECT MATTER
HEREOF NOT EXPRESSLY SET FORTH OR REFERRED TO HEREIN. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.18.&#xA0; <font style="text-decoration: underline">Time is of the
Essence</font></font><font style="font-family: Times New Roman; font-size: 13px">. Time is of the
essence of this Agreement.</font></div>
<div style="text-align: justify; text-indent: 24px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.19.&#xA0; <font style="text-decoration: underline">Survival</font></font><font style="font-family: Times New Roman; font-size: 13px">. All covenants,
agreements, representations and warranties made by the Grantors
herein and in the certificates or other instruments delivered in
connection with or pursuant to this Agreement shall be considered
to have been relied upon by the Secured Parties and shall survive
the execution and delivery of this Agreement and the making of the
Loans, regardless of any investigation made by any Secured Party or
on its behalf and notwithstanding that any Secured Party may have
had notice or knowledge of any Default or incorrect representation
or warranty at the time any credit is extended hereunder, and shall
continue in full force and effect as long as the principal of or
any accrued interest on the Loans or any other Guaranteed
Obligations are outstanding and unpaid.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">[Signature Page
Follows]</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, each of the undersigned has caused this Agreement
to be duly executed and delivered as of the date first above
written.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">GRANTOR</font>:</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">AEMETIS
ADVANCED PRODUCTS KEYES, INC.</font></div>
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<div style="display: table-row">
<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">/s/ Eric A.
McAfee</font></font></div>
</div>
</div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Eric A McAfee<br></font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px">Title:
President and CEO<br></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">AGENT</font>:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">THIRD
EYE CAPITAL CORPORATION</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 285px">
<div style="display: table-row">
<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0; &#xA0;
&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline; color: #000000">/s/ Arif N.
Bhalwani</font></font></div>
</div>
</div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Arif N. Bhalwani</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Managing Director</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">[Signature
Page &#x2013; General Security Agreement]</font></div>
</div>
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</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 1</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ASSIGNED
AGREEMENTS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Schedule
2</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">DESCRIPTION
OF INVESTMENT PROPERTY</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Stock:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Notes:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Debt Securities</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Partnership Interests:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
LLC Interests:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Trust Interests:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Security Entitlements:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pledged
Commodity Contracts:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Other
Investment Property:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Deposit
Accounts:</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: center; margin: 0 auto;width: 100%;">
<tr>
<td style="width: 25%; vertical-align: bottom;"><font><font style="text-decoration: underline; font-size: 11px;">Grantor</font></font></td>
<td style="width: 25%; vertical-align: bottom;"><font><font style="font-size: 11px">Deposit Account<br>
<font style="text-decoration: underline;">Number and
Location</font></font></font></td>
<td style="width: 25%; vertical-align: bottom;"><font><font style="font-size: 11px">Depository Bank<br>
<font style="text-decoration: underline;">(Name and
Address)</font></font></font></td>
<td style="width: 25%; vertical-align: bottom;"><font><font style="font-size: 11px">Depositary Bank&#x2019;s<br>
Jurisdiction under<br>
<font style="text-decoration: underline;">UCC
9-304</font></font></font></td>
</tr></table>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 3</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">FILINGS
AND OTHER ACTIONS</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">REQUIRED TO PERFECT
SECURITY INTERESTS</font></font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Uniform Commercial Code Filings</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="text-align: center; width: 50%; font-family: Times New Roman; font-size: 13px; margin: 0px auto;">
<tr>
<td style="vertical-align: middle; width: 50%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">Grantor</font></div>
</td>
<td style="vertical-align: middle; width: 50%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">UCC
Filing Office</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 50%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 50%; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Patent and Trademark Filings</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Recordation of any
Intellectual Property Security Agreement or IP Security Agreement
Supplement with the United States Patent and Trademark Office
and/or the United States Copyright Office, as applicable, with
respect to Grantor&#x2019;s registered Intellectual Property, if
any.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Actions with respect to Investment Property</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Deliver
to the Agent all certificated securities (if any) described on
Schedule 2, as such schedule may be updated from time to
time.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Other Actions</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Enter
into a Control Agreements with respect to any deposit account
described on Schedule 2 or any other securities accounts, security
entitlements, commodity contracts, commodity accounts, and deposit
accounts that are created or acquired after the Closing
Date.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 4</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">JURISDICTIONS
OF ORGANIZATION AND CHIEF EXECUTIVE OFFICES</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">A.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Exact
legal name, jurisdiction of organization, type of organization,
location of chief executive office or sole place of business,
taxpayer identification number and organizational identification
number of each Grantor:</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 16%; border-left: 0.5pt solid rgb(255, 255, 255); border-top: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Legal Name of Each Grantor</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-left: 0.5pt solid rgb(255, 255, 255); border-top: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Jurisdiction of Organization</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-left: 0.5pt solid rgb(255, 255, 255); border-top: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Type of Organization</font></font></font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid rgb(255, 255, 255); border-top: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Location of</font></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Chief Executive</font></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Office/Sole Place</font></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
of Business</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-left: 0.5pt solid rgb(255, 255, 255); border-top: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Federal</font></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Taxpayer I.D.<br></font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-top: 0.5pt solid rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); border-left: 0.5pt solid rgb(255, 255, 255);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px; text-decoration: underline;">
Organizational I.D. #</font></font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 16%; border-left: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-left: 0.5pt solid #FFFFFF; border-right: 0.5pt solid #FFFFFF; border-bottom: 2px solid #ffffff">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">B.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Other
names (including trade names and fictitious business names) under
which each Grantor has done business for the past five (5)
years:</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">C.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Changes
in name, jurisdiction of organization, type of organization,
organizational identification number, taxpayer identification
number, chief executive office or sole place of business, or
corporate or organizational structure for the past five (5)
years:</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 33%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 34%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 34%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">D.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Security
agreements pursuant to which any Grantor is bound as a debtor
within the past five (5) years:</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 5</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">LOCATION
OF INVENTORY AND EQUIPMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 6</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">INTELLECTUAL
PROPERTY</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">A.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Patents</font></div>
</div>
</div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 17%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 15%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">B.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Trademarks</font></div>
</div>
</div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 14%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 15%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">C.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Trade
Names</font></div>
</div>
</div>
<div style="margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">D.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Copyrights</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">E.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">IP
Agreements</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">F.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Internet
Domain Names</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 7</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">COMMERCIAL
TORT CLAIMS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
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Schedule 8</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">EQUIPMENT
SUBJECT TO CERTIFICATE OF TITLE STATUTES</font></div>
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<tr>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Make</font></font></div>
</td>
<td style="vertical-align: bottom; width: 34%;">
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Model</font></font></div>
</td>
<td style="vertical-align: bottom; width: 34%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Certificate of
Title #</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">(Specify State)</font></font></div>
</td>
</tr><tr>
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</td>
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</div>
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<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
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<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
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<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 9</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">LETTERS
OF CREDIT</font></div>
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Account
Party</font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Issuer</font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Nominated</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Person</font></font></div>
</td>
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Beneficiary</font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%;">
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Face
Amount</font></font></div>
</td>
<td style="vertical-align: bottom; width: 17%;">
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Date</font></font></div>
</td>
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</td>
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</td>
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</td>
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</td>
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<td style="vertical-align: bottom; width: 16%">
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</td>
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</td>
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</td>
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</td>
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</td>
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</td>
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</td>
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</td>
</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
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<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Schedule 10</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">EXISTING
PRIOR LIENS</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Annex 1
to</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Security
Agreement</font></font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">ASSUMPTION
AGREEMENT, dated as of ________________, 201__, made by
_______________, a _____________ (the "<font style="text-decoration: underline">Additional Grantor</font>"), in favor
of THIRD EYE CAPITAL CORPORATION, as administrative agent and
collateral agent for and on behalf of the Noteholders (in such
aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">WITNESSETH:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Goodland
Advanced Fuels, Inc., a Delaware corporation, the Noteholders from
time to time party thereto, and the Agent have entered into that
certain Note Purchase Agreement, dated as of ____, 2017 (as
amended, varied, supplemented, restated, renewed or replaced at any
time and from time to time, the "<font style="text-decoration: underline">Note Purchase
Agreement</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, in
connection with the Note Purchase Agreement, Aemetis Advanced
Products Keyes, Inc., a Delaware corporation (the
&#x201C;<font style="text-decoration: underline">Company</font>&#x201D;) has entered
into that certain General Security Agreement, dated as of ____,
2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the "<font style="text-decoration: underline">Security Agreement</font>"; terms
defined in the Security Agreement and not defined herein are used
herein as defined in the Security Agreement) in favor of the Agent
for the benefit of the Secured Parties;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, the Note
Purchase Agreement and/or the Security Agreement requires the
Additional Grantor to become a party to the Security Agreement;
and</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, the
Additional Grantor has agreed to execute and deliver this
Assumption Agreement in order to become a party to the Security
Agreement;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, IT IS AGREED:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">1.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Security
Agreement</font>. By executing and delivering this Assumption
Agreement, the Additional Grantor, as provided in Section 8.14 of
the Security Agreement, hereby becomes a party to the Security
Agreement as a Grantor thereunder with the same force and effect as
if originally named therein as a Grantor and, without limiting the
generality of the foregoing, hereby expressly assumes all
obligations and liabilities of a Grantor thereunder. The Additional
Grantor hereby further agrees, as of the date first above written,
that each reference in the Security Agreement to a "Grantor" shall
also mean and be a reference to such Additional Grantor. The
information set forth in <font style="text-decoration: underline">Annex 1-A</font> hereto is hereby
added to the information set forth in the Schedules to the Security
Agreement and the Additional Grantor hereby certifies, as of the
date first above written, that such supplemental schedules have
been prepared by the undersigned in substantially the form of the
equivalent Schedules to the Security Agreement and are complete and
correct. The Additional Grantor hereby represents and warrants that
each of the representations and warranties contained in Article IV
of the Security Agreement is true and correct on and as of the date
hereof (after giving effect to this Assumption Agreement) as if
made on and as of such date.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">2.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Grant
of Security</font>. Without limiting the generality of Section 1 of
this Assumption Agreement, as security for the prompt and complete
payment and performance when due of all of the Guaranteed
Obligations, the Additional Grantor hereby assigns and transfers to
the Agent, and hereby grants to the Agent, for the benefit of the
Secured Parties, a security interest in, all of its right, title
and interest in and to all of the Collateral, whether now owned or
hereafter acquired by the Additional Grantor, wherever located and
whether now or hereafter existing or arising, including, without
limitation, the property and assets of the undersigned set forth on
the attached supplemental schedules to the Schedules to the
Security Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">3.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Counterparts</font>.
This Assumption Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same
effect as if the signatures thereto were upon the same instrument.
Delivery of an executed signature page of this Assumption Agreement
by facsimile transmission shall be effective as delivery of a
manually executed counterpart hereof.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">4.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Governing
Law</font>. THIS ASSUMPTION AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE ADDITIONAL GRANTOR AND THE AGENT HEREUNDER AND
ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN
CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR
RELATING TO THIS ASSUMPTION AGREEMENT AND THE TRANSACTIONS
CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.</font></div>
<div style="text-align: justify; text-indent: 60px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">5.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; text-decoration: underline">INTEGRATION</font><font style="font-weight: bold">.
THIS WRITTEN ASSUMPTION AGREEMENT REPRESENTS THE FINAL AGREEMENT
BETWEEN THE PARTIES REGARDING THE SUBJECT MATTER HEREOF AND MAY NOT
BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT
ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS BETWEEN THE PARTIES.</font></font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[Signature Pages
Follow]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the undersigned has caused this Assumption
Agreement to be duly executed and delivered as of the date first
above written.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 312px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[NAME
OF ADDITIONAL GRANTOR]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 244px;">
<div style="display: table-row">
<div style="display: table-cell; width: 276px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></font></div>
</div>
</div>
<div style="display: table; margin-left: 272px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="display: table; margin-left: 272px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Accepted and agreed
to by:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">THIRD
EYE CAPITAL CORPORATION,</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">as
Agent</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 252px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0;&#xA0;<br></font></font></div>
</div>
</div>
<div style="display: table; margin-left: 27px;">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="display: table; margin-left: 27px;">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 252px"><font style="font-family: Times New Roman; font-size: 13px">By:<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0;&#xA0;<br></font></font></div>
</div>
</div>
<div style="display: table; margin-left: 27px;">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="display: table; margin-left: 27px;">
<div style="display: table-row">
<div style="display: table-cell; width: 24px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font>&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Annex
1-A to</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Assumption
Agreement</font></font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 1</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 2</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 3</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 4</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 5</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 6</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 7</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 8</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 9</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Supplement to Schedule 10</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Annex 2
to</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Security Agreement</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">FORM
OF INTELLECTUAL PROPERTY SECURITY AGREEMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">This
INTELLECTUAL PROPERTY SECURITY AGREEMENT (as amended, restated,
supplemented or otherwise modified from time to time, the
"<font style="text-decoration: underline">IP Security
Agreement</font>") dated as of ____________________, 201__, is made
by the Persons listed on the signature pages hereof (collectively,
the "<font style="text-decoration: underline">Grantors</font>") in
favor of THIRD EYE CAPITAL CORPORATION, as administrative agent and
collateral agent for and on behalf of the Noteholders (in such
aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;).</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Goodland
Advanced Fuels, Inc., a Delaware corporation, the Noteholders from
time to time party thereto, and the Agent have entered into that
certain Note Purchase Agreement, dated as of ____, 2017 (as
amended, varied, supplemented, restated, renewed or replaced at any
time and from time to time, the "<font style="text-decoration: underline">Note Purchase
Agreement</font>").</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, in
connection with the Note Purchase Agreement, Aemetis, Advanced
Products Keyes, Inc. (the &#x201C;<font style="text-decoration: underline">Company</font>&#x201D;) has entered
into that certain General Security Agreement, dated as of ____,
2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the "<font style="text-decoration: underline">Security Agreement</font>"; terms
defined in the Security Agreement and not defined herein are used
herein as defined in the Security Agreement) in favor of the Agent
for the benefit of the Secured Parties.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, under the
terms of the Security Agreement, the Grantors have granted to the
Agent, for the benefit of the Secured Parties, a security interest
in, among other property, all Intellectual Property of the
Grantors, and have agreed as a condition thereof to execute this IP
Security Agreement for recording with the United States Patent and
Trademark Office, the United States Copyright Office and other
Governmental Authorities.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Grantor agrees
as follows:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
1.&#xA0; <font style="text-decoration: underline">Grant of
Security</font>. Each Grantor hereby grants to the Agent, for the
benefit of the Secured Parties, a security interest in all of such
Grantor&#x2019;s right, title and interest in and to the following
(the "<font style="text-decoration: underline">Collateral</font>"):</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
patents and patent applications set forth in <font style="text-decoration: underline">Schedule A</font> hereto (the
"<font style="text-decoration: underline">Patents</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
trademark and service mark registrations and applications set forth
in <font style="text-decoration: underline">Schedule&#xA0;B</font>
hereto, together with the goodwill symbolized thereby (the
"<font style="text-decoration: underline">Trademarks</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all copyrights, whether registered or unregistered, now owned or
hereafter acquired by such Grantor, including, without limitation,
the copyright registrations and applications and copyright licenses
set forth in <font style="text-decoration: underline">Schedule&#xA0;C</font> hereto (the
"<font style="text-decoration: underline">Copyrights</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all reissues, divisions, continuations, continuations-in-part,
extensions, renewals and reexaminations of any of the foregoing,
all rights in the foregoing provided by international treaties or
conventions, all rights corresponding thereto throughout the world
and all other rights of any kind whatsoever of such Grantor
accruing thereunder or pertaining thereto;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
and all claims for damages and injunctive relief for past, present
and future infringement, dilution, misappropriation, violation,
misuse or breach with respect to any of the foregoing, with the
right, but not the obligation, to sue for and collect, or otherwise
recover, such damages; and</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
and all proceeds of, collateral for, income, royalties and other
payments now or hereafter due and payable with respect to, and
supporting obligations relating to, any and all of the Collateral
of or arising from any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
2.&#xA0; <font style="text-decoration: underline">Security for
Guaranteed Obligations</font>. The grant of a security interest in,
the Collateral by each Grantor under this IP Security Agreement
secures the prompt and complete payment and performance when due of
all Guaranteed Obligations, whether direct or indirect, now
existing or hereafter arising, absolute or contingent, and whether
for principal, reimbursement obligations, interest, premiums,
penalties, fees, guarantee obligations, indemnifications, contract
causes of action, costs, expenses or otherwise.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
3.&#xA0; <font style="text-decoration: underline">Recordation</font>. Each Grantor
authorizes and requests that the Register of Copyrights, the
Commissioner for Patents and the Commissioner for Trademarks and
any other applicable Governmental Authority record this IP Security
Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
4. <font style="text-decoration: underline">Execution in
Counterparts</font>. This IP Security Agreement may be executed in
any number of counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall
constitute one and the same agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
5. <font style="text-decoration: underline">Grants, Rights and
Remedies</font>. This IP Security Agreement has been entered into
in conjunction with the provisions of the Security Agreement. Each
Grantor does hereby acknowledge and confirm that the grant of the
security interest hereunder to, and the rights and remedies of, the
Agent with respect to the Collateral are more fully set forth in
the Security Agreement, the terms and provisions of which are
incorporated herein by reference as if fully set forth
herein.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.&#xA0; <font style="text-decoration: underline">Governing
Law</font>. THIS IP SECURITY AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE GRANTORS AND SECURED PARTIES HEREUNDER AND ANY
CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN
CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR
RELATING TO THIS IP SECURITY AGREEMENT AND THE TRANSACTIONS
CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, each Grantor has caused this IP Security Agreement
to be duly executed and delivered by its officer thereunto duly
authorized as of the date first above written.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">[Signature Pages
Follow]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[NAME
OF GRANTOR]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 300px;">
<div style="display: table-row">
<div style="display: table-cell; width: 300px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></font></div>
</div>
</div>
<div style="display: table; margin-left: 327px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
<div style="display: table; margin-left: 327px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Address
for Notices:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[NAME
OF GRANTOR]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 300px;">
<div style="display: table-row">
<div style="display: table-cell; width: 300px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></font></div>
</div>
</div>
<div style="display: table; margin-left: 327px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
<div style="display: table; margin-left: 327px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Address
for Notices:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Annex 3
to</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Security Agreement</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">FORM
OF INTELLECTUAL PROPERTY SECURITY AGREEMENT SUPPLEMENT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">This
INTELLECTUAL PROPERTY SECURITY AGREEMENT SUPPLEMENT (this
"<font style="text-decoration: underline">IP Security Agreement
Supplement</font>") dated as of ________, 201_, is made by the
Person listed on the signature page hereof (the "<font style="text-decoration: underline">Grantor</font>") in favor of THIRD EYE
CAPITAL CORPORATION, as administrative agent and collateral agent
for and on behalf of the Noteholders (in such aforesaid capacities,
or any successor or assign in such capacities, the
&#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Goodland
Advanced Fuels, Inc., a Delaware corporation (the
&#x201C;<font style="text-decoration: underline">Company</font>&#x201D;), the
Noteholders from time to time party thereto, and the Agent have
entered into that certain Note Purchase Agreement, dated as of
____, 2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the "<font style="text-decoration: underline">Note Purchase
Agreement</font>").</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, in
connection with the Note Purchase Agreement, the Company has
entered into that certain General Security Agreement, dated as of
____, 2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the "<font style="text-decoration: underline">Security Agreement</font>"; terms
defined in the Security Agreement and not defined herein are used
herein as defined in the Security Agreement) in favor of the Agent
for the benefit of the Secured Parties.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, under the
terms of the Security Agreement, the Grantor has granted to the
Agent, for the benefit of the Secured Parties, a security interest
in the Collateral (as defined in Section&#xA0;1 below) of the
Grantor and has agreed as a condition thereof to execute this IP
Security Agreement Supplement for recording with the United States
Patent and Trademark Office, the United States Copyright Office and
other Governmental Authorities.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Grantor agrees as
follows:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">SECTION
1.&#xA0; <font style="text-decoration: underline">Grant of
Security</font>. The Grantor hereby grants to the Agent, for the
benefit of the Secured Parties, a security interest in all of the
Grantor&#x2019;s right, title and interest in and to the following
(the "<font style="text-decoration: underline">Collateral</font>"):</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
patents and patent applications set forth in <font style="text-decoration: underline">Schedule A</font> hereto (the
"<font style="text-decoration: underline">Patents</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the trademark and service mark registrations and applications set
forth in <font style="text-decoration: underline">Schedule&#xA0;B</font> hereto,
together with the goodwill symbolized thereby (the "<font style="text-decoration: underline">Trademarks</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the copyright registrations and applications and copyright licenses
set forth in <font style="text-decoration: underline">Schedule&#xA0;C</font> hereto (the
"<font style="text-decoration: underline">Copyrights</font>");</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all reissues, divisions, continuations, continuations-in-part,
extensions, renewals and reexaminations of any of the foregoing,
all rights in the foregoing provided by international treaties or
conventions, all rights corresponding thereto throughout the world
and all other rights of any kind whatsoever of such Grantor
accruing thereunder or pertaining thereto;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;all
any and all claims for damages and injunctive relief for past,
present and future infringement, dilution, misappropriation,
violation, misuse or breach with respect to any of the foregoing,
with the right, but not the obligation, to sue for and collect, or
otherwise recover, such damages; and</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
and all proceeds of, collateral for, income, royalties and other
payments now or hereafter due and payable with respect to, and
supporting obligations relating to, any and all of the foregoing or
arising from any of the foregoing.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">SECTION
2.&#xA0; <font style="text-decoration: underline">Supplement to
Security Agreement</font>. <font style="text-decoration: underline">Schedule 6</font> to the Security
Agreement is, effective as of the date hereof, hereby supplemented
to add to such Schedule the Collateral described in Section 1
above.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">SECTION
3. <font style="text-decoration: underline">Security for Guaranteed
Obligations</font>. The grant of a security interest in the
Collateral by the Grantor under this IP Security Agreement
Supplement secures the prompt and complete payment and performance
when due of all Guaranteed Obligations, whether direct or indirect,
absolute or contingent, now existing or hereafter arising, and
whether for principal, reimbursement obligations, interest,
premiums, penalties, fees, guarantee obligations, indemnifications,
contract causes of action, costs, expenses or
otherwise.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
4. <font style="text-decoration: underline">Recordation</font>. The
Grantor authorizes and requests that the Register of Copyrights,
the Commissioner for Patents and the Commissioner for Trademarks
and any other applicable Governmental Authority to record this IP
Security Agreement Supplement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
5.&#xA0; <font style="text-decoration: underline">Grants, Rights
and Remedies</font>. This IP Security Agreement Supplement has been
entered into in conjunction with the provisions of the Security
Agreement. The Grantor does hereby acknowledge and confirm that the
grant of the security interest hereunder to, and the rights and
remedies of, the Agent with respect to the Collateral are more
fully set forth in the Security Agreement, the terms and provisions
of which are incorporated herein by reference as if fully set forth
herein.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.&#xA0; <font style="text-decoration: underline">Governing
Law</font>. THIS IP SECURITY AGREEMENT SUPPLEMENT AND THE RIGHTS
AND OBLIGATIONS OF THE GRANTOR AND SECURED PARTIES HEREUNDER AND
ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN
CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR
RELATING TO THIS IP SECURITY AGREEMENT SUPPLEMENT AND THE
TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">[Signature Pages
Follow]</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">3</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the Grantor has caused this IP Security Agreement
Supplement to be duly executed and delivered by its officer
thereunto duly authorized as of the date first above
written.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">[NAME
OF GRANTOR]</font></div>
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<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="display: table-row">
<div style="display: table-cell; width: 300px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></font></div>
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<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
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<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">Address
for Notices:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Annex 4
to</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Security Agreement</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">FORM
OF CONSENT AND AGREEMENT</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">The
undersigned hereby (a) acknowledges notice of, and consents to the
terms and provisions of, that certain General Security Agreement
dated as of ____, 2017 (as amended, varied, supplemented, restated,
renewed or replaced at any time and from time to time, the
"<font style="text-decoration: underline">Security
Agreement</font>", the terms defined therein being used herein as
therein defined) from ____________________ (the "<font style="text-decoration: underline">Grantor</font>") and certain other
grantors from time to time party thereto to THIRD EYE CAPITAL
CORPORATION, as administrative agent and collateral agent for and
on behalf of the Noteholders (in such aforesaid capacities, or any
successor or assign in such capacities, the &#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;), (b) consents in
all respects to the pledge and assignment to the Agent of all of
the Grantor&#x2019;s right, title and interest in, to and under the
Assigned Agreement (as defined below) pursuant to the Security
Agreement, (c) consents to any and all filings made or required by
the Agent to perfect the security interest in the Assigned
Agreement created by the Security Agreement, (d) agrees that the
Agent shall be entitled to exercise any and all rights and remedies
of the undersigned under the Assigned Agreement in accordance with
the terms of the Security Agreement, and (e) agrees with the Agent
that:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;A
true copy of the agreement between the undersigned and the Grantor
dated ____________, ____ (the "<font style="text-decoration: underline">Assigned Agreement</font>"),
including, without limitation, all amendments, modifications,
restatements and supplements is attached hereto as <font style="text-decoration: underline">Schedule 1</font>. The Assigned
Agreement is in full force and effect, and the undersigned is not
aware of any default under the Assigned Agreement or any event that
would give any party the right to terminate or rescind the Assigned
Agreement. No prepayments have been made of any amounts to become
due under the Assigned Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
undersigned will make all payments to be made by it under or in
connection with the Assigned Agreement in accordance with the
instructions of the Agent.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
payments referred to in paragraph (ii) above shall be made by the
undersigned irrespective of, and without deduction for, any
counterclaim, defense, recoupment or set off and shall be final,
and the undersigned will not seek to recover from any Secured Party
for any reason any such payment once made.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Agent or its designee shall be entitled to exercise any and all
rights and remedies of the Grantor under the Assigned Agreement in
accordance with the terms of the Security Agreement, and the
undersigned shall comply in all respects with such
exercise.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
undersigned will not, without the prior written consent of the
Agent, (A) cancel or terminate the Assigned Agreement or consent to
or accept any cancellation or termination thereof, (B) amend, amend
and restate, supplement or otherwise modify the Assigned Agreement,
or (C) make any prepayment of amounts to become due under or in
connection with the Assigned Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
undersigned shall deliver to the Agent, concurrently with the
delivery thereof to the Grantor, a copy of each notice, request or
demand given by the undersigned pursuant to the Assigned
Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(vii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Neither
the Agent nor any other Secured Party shall have any liability or
obligation under the Assigned Agreement as a result of this Consent
and Agreement, the Security Agreement or otherwise.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(viii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Upon the enforcement of the Security Agreement by the Agent and the
transfer of the Assigned Agreement to a transferee, the undersigned
will recognize the transferee as the counterparty to the Assigned
Agreement in the place and stead of the Grantor.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(ix)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
undersigned shall not sell, assign, convey or grant a security
interest in, or otherwise transfer any of its right, title or
interest in or to, the Assigned Agreement without the prior written
consent of the Agent.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 108px;">
<font style="font-family: Times New Roman; font-size: 13px">(x)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
undersigned will not commence, or join with any other person or
entity in commencing, any proceeding against the Grantor [or any of
Grantor&#x2019;s affiliates] under any bankruptcy, reorganization,
liquidation, or insolvency law or statute now or hereafter in
effect in any jurisdiction.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">In
order to induce the Noteholders to make the Loans under the Note
Purchase Agreement, the undersigned repeats and reaffirms for the
benefit of the Secured Parties the representations and warranties
made by it in the Assigned Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">This
Consent and Agreement shall be binding upon the undersigned and its
successors and assigns, and shall inure, together with the rights
and remedies of the Agent hereunder, to the benefit of the Secured
Parties and their successors, transferees and assigns. THIS CONSENT
AND AGREEMENT AND THE RIGHTS AND OBLIGATIONS HEREUNDER OF THE
PARTIES HERETO, THE GRANTOR AND SECURED PARTIES, AND ANY CLAIMS,
CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR
TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS
AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the undersigned has duly executed this Consent and
Agreement as of the date set opposite its name below.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Dated:
_______________, 201__.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 312px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[NAME
OF COUNTERPARTY TO ASSIGNED AGREEMENT]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 328px;">
<div style="display: table-row">
<div style="display: table-cell; width: 276px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0;<br></font></font></div>
</div>
</div>
<div style="display: table; margin-left: 356px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
<div style="display: table; margin-left: 356px;">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px"></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">ACKNOWLEDGEMENT AND CONSENT</font><font style="font-size: 70%; vertical-align: top">***</font></font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">The
undersigned hereby acknowledges receipt of a copy of the General
Security Agreement dated as of ____, 2017 (the "<font style="text-decoration: underline">Agreement</font>"), made by Goodland
Advanced Fuels, Inc. and the other Grantors parties thereto from
time to time, for the benefit of THIRD EYE CAPITAL CORPORATION, as
Agent. The undersigned agrees for the benefit of the Agent and the
other Secured Parties as follows:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">1. The
undersigned irrevocably and unconditionally consents to the
execution, delivery and performance of the Agreement by each of the
Grantors and to the exercise and enforcement by the Agent of its
rights and remedies thereunder.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">2. The
undersigned will be bound by the terms of the Agreement and will
comply with such term insofar as such terms are applicable to the
undersigned.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">3. The
undersigned will notify the Agent promptly in writing of the
occurrence of any of the events described in clause (A), (B) or (C)
of Section 6.03(a)(ii) of the Agreement.</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">The
terms of Sections 6.03(d) and 6.06 of the Agreement shall apply to
it, mutatis mutandis, with respect to all actions that may be
required of it pursuant to 6.03(d) or 6.06 of the
Agreement.</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">[Name
of Issuer]</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 297px;">
<div style="display: table-row">
<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></font></div>
</div>
</div>
<div style="display: table; margin-left: 297px;">
<div style="display: table-row">
<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="display: table; margin-left: 297px;">
<div style="display: table-row">
<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">Title:&#xA0;<font style="text-decoration: underline">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Address
for Notices:</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 312px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">Fax:
________________________________</font></div>
<div style="text-indent: 12px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">&#xA0;
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
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<!--line--><br></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px"><a name="ref.CBLMD1"><font style="font-size: 70%; vertical-align: top">***</font> This consent is
necessary only with respect to any Issuer which is not also a
Grantor. This consent may be modified or eliminated with respect to
any Issuer that is not controlled by a Grantor.</a></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 12px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>amtx_ex105.htm
<DESCRIPTION>PLEDGE AGREEMENT
<TEXT>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit 10.5</font></div>
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PLEDGE AGREEMENT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">THIS
PLEDGE AGREEMENT (this "Agreement"), dated as of July 10, 2017 is
made by <font style="font-weight: bold">AEMETIS, INC</font>, a
Nevada corporation ("<font style="font-weight: bold; font-style: italic">Pledgor</font>") for the
benefit of <font style="font-weight: bold">THIRD EYE CAPITAL
CORPORATION</font>, as in its capacity as agent (together with its
successors and assigns, &#x201C;<font style="font-weight: bold; font-style: italic">Secured
Party</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
RECITALS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">A.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Aemetis
Advanced Fuels Keyes, Inc., Aemetis Facility Keyes, Inc. and
Pledgor (collectively, the &#x201C;<font style="font-weight: bold; font-style: italic">Loan
Parties</font>&#x201D;), the Secured Party and the Noteholders are
parties to that certain Amended and Restated Note Purchase
Agreement dated as of July 6, 2012 (as amended by a Limited Waiver
and Amendment No.1 to Amended and Restated Note Purchase Agreement
dated as of October 18, 2012, as amended by a Limited Waiver and
Amendment No. 2 to Amended and Restated Note Purchase Agreement
dated as of February 27, 2013, as amended by a Limited Waiver and
Amendment No. 3 to Amended and Restated Note Purchase Agreement
dated as of April 15, 2013, as amended by an Amendment No. 4 to
Amended and Restated Note Purchase Agreement dated as of April 19,
2013, as amended by a Limited Waiver and Amendment No. 5 to Amended
and Restated Note Purchase Agreement dated as of July 26, 2013, as
amended by a Limited Waiver and Amendment No. 6 to Amended and
Restated Note Purchase Agreement dated as of September 30, 2013, as
amended by a Limited Waiver and Amendment No. 7 to Amended and
Restated Note Purchase Agreement dated as of May 14, 2014, as
amended by an Amendment No. 8 to Amended and Restated Note Purchase
Agreement dated as of November 7, 2014, as amended by an Amendment
No. 9 to Amended and Restated Note Purchase Agreement dated as of
March 12, 2015, as amended by an Amendment No. 10 to Amended and
Restated Note Purchase Agreement dated as of April 30, 2015, as
amended by an Amendment No. 11 to Amended and Restated Note
Purchase Agreement dated as of August 6, 2015, as amended by a
Limited Waiver and Amendment No. 12 to Amended and Restated Note
Purchase Agreement dated as of March 21, 2016 and as amended by
that certain Limited Waiver and Amendment No. 13 to Amended and
Restated Note Purchase Agreement dated as of March 1, 2017 (as the
same may be amended, restated, supplemented, revised or replaced
from time to time, the &#x201C;Note Purchase Agreement&#x201D;)
pursuant to which the Noteholders have extended loans and other
credit accommodations to the Loan Parties, and may extend
additional loans and/or other credit accommodations to the Loan
Parties from time to time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">B.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Pledgor
is required to execute and deliver this Agreement pursuant to the
terms of the Note Purchase Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">ACCORDINGLY</font>, in consideration of the
foregoing, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, it is
hereby agreed that:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">1.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Definitions</font>.
When used herein, (a) capitalized terms which are not otherwise
defined have the meanings assigned thereto in the Note Purchase
Agreement; and (b) the following terms have the following meanings
(such meanings to be applicable to both the singular and plural
forms of such terms):</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Collateral</font> - see <font style="text-decoration: underline">Section 2</font> of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Issuer</font> - the issuer of any of
the shares of stock or other securities representing all or any of
the Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Liens</font> - with respect to any
Person, any interest granted by such Person in any real or personal
property, asset or other right owned or being purchased or acquired
by such Person which secures payment or performance of any
obligation and shall include any mortgage, lien, encumbrance,
charge or other security interest of any kind, whether arising by
contract, as a matter of law, by judicial process or
otherwise.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Person</font> - any individual,
corporation, limited liability company, partnership, joint venture,
firm, association, trust or other enterprise or entity or any
governmental authority.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Secured Obligations</font> -
<font style="color: #000000">all present and future obligations and
liabilities (whether actual or contingent, whether owed jointly or
severally or alone or in any other capacity whatsoever) of
Borrowers and each Subsidiary of Borrowers (or any of them) under
or pursuant to each or any of the Note Purchase Documents (as
defined in the Note Purchase Agreement), each as amended or
restated from time to time) together with all costs, charges and
expenses incurred by Secured Party in connection with the
protection, preservation or enforcement of its respective rights
under the Note Purchase Agreement, the Notes defined therein and
any other Note Purchase Documents or any other document evidencing
or securing any such liabilities</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">UCC</font> - the Uniform Commercial
Code as in effect in the State of Delaware.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Pledge</font>.
As security for the payment of the Secured Obligations, Pledgor
hereby pledges to Secured Party, and grants to Secured Party, a
continuing security interest in, all of the following:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">A.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
of the shares of stock, ownership interests, membership interests
and other equity interests and securities described in <font style="text-decoration: underline">Schedule I</font> hereto, all of the
certificates and/or instruments representing such shares of stock,
ownership interests, membership interests and other equity
interests and securities, and all cash, securities, dividends,
rights and other property at any time and from time to time
received, receivable or otherwise distributed in respect of or in
exchange for any or all of such shares, ownership interests,
membership interests and other equity interests and securities; and
all additional shares of stock or ownership interests or membership
interests and other equity interests and securities of any of the
Issuers listed in <font style="text-decoration: underline">Schedule
I</font> hereto at any time and from time to time acquired by
Pledgor in any manner, all of the certificates and/or instruments
representing such additional shares or ownership interests,
membership interests and other equity interests and securities and
all cash, securities, dividends, rights and other property at any
time and from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of such
shares or ownership interests, membership interests and other
equity interests and securities;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">B.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
other property hereafter delivered to Secured Party in substitution
for or in addition to any of the foregoing, all certificates and
instruments representing or evidencing such property, and all cash,
securities, interest, dividends, rights and other property at any
time and from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all thereof;
and</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">C.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
products and proceeds of all of the foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">All of
the foregoing are herein collectively called the "<font style="font-weight: bold">Collateral</font>".</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pledgor
agrees to deliver to Secured Party promptly upon receipt and in due
form for transfer (i.e., endorsed in blank or accompanied by stock
or bond powers executed in blank), any Collateral (other than
dividends which Pledgor is entitled to receive and retain pursuant
to <font style="text-decoration: underline">Section 5</font>
hereof) which may at any time or from time to time come into the
possession or control of Pledgor; and prior to the delivery thereof
to Secured Party, such Collateral shall be held by Pledgor separate
and apart from its other property and in express trust for Secured
Party.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Warranties;
Further Assurances</font>. Pledgor warrants to Secured Party and
each of the Noteholders that: (a) Pledgor is (or at the time of any
other future delivery, pledge, assignment or transfer thereof, will
be) the legal and equitable owner of the Collateral free and clear
of all Liens of every description whatsoever other than the
security interest created hereunder; (b) the pledge and delivery of
the Collateral pursuant to this Agreement creates a valid perfected
security interest in the Collateral in favor of Secured Party; (c)
all shares of stock or ownership interests, membership interests
and other equity interests and securities referred to in
<font style="text-decoration: underline">Schedule I</font> hereto
are duly authorized, validly issued, fully paid and non-assessable;
(d) as to each Issuer whose name appears in <font style="text-decoration: underline">Schedule I</font> hereto, the
Collateral represents on the date hereof not less than the
applicable percentage (as shown in <font style="text-decoration: underline">Schedule I</font> hereto) of the total
shares of capital stock or ownership interests, membership
interests and other equity interests and securities issued and
outstanding of such Issuer; and (e) the information contained in
<font style="text-decoration: underline">Schedule I</font> hereto
is true and accurate in all respects.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">So long
as any of the Secured Obligations shall be outstanding or any
commitment shall exist on the part of Secured Party or any of the
Noteholders with respect to the creation of any Secured
Obligations, Pledgor: (i) shall not, without the express prior
written consent of Secured Party or as permitted under the Note
Purchase Documents, sell, assign, exchange, pledge or otherwise
transfer, encumber, or grant any option, warrant or other right to
purchase the stock or other equity interests of any Issuer which is
pledged hereunder; (ii) shall deliver all original stock or similar
certificates relating to the Collateral to Secured Party and hereby
authorizes Secured Party to file such Uniform Commercial Code
financing statements (and Pledgor shall pay the costs of filing and
recording or re-filing and re-recording the same in all public
offices reasonably deemed necessary or appropriate by Secured
Party) and do such other acts and things, all as Secured Party may
from time to time reasonably request, to establish and maintain a
valid, perfected security interest in the Collateral (free of all
other Liens whatsoever other than Permitted Liens) to secure the
performance and payment of the Secured Obligations; (iii) will
execute and deliver to Secured Party such stock powers and similar
documents relating to the Collateral, satisfactory in form and
substance to Secured Party, as Secured Party may reasonably
request; and (iv) will permit Secured Party or any designee of
Secured Party, from time to time at reasonable times and on
reasonable notice (or at any time without notice during the
occurrence and continuation of an Event of Default), to inspect,
audit and make copies of and extracts from all records and all
other papers in the possession of Pledgor which evidence the
ownership of the Collateral, and will, upon the occurrence and
continuation of an Event of Default, deliver to Secured Party
copies of all of such records and papers.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">If at
any time the Collateral constitutes a &#x201C;security&#x201D; as
defined in Article&#xA0;8 of the UCC, Pledgor shall, or shall
permit Secured Party to, promptly take all action necessary or
appropriate to cause Secured Party to have sole and exclusive
&#x201C;control&#x201D; over the Collateral, as such term is defined
in Article&#xA0;9 of the UCC (or any other then-applicable
provision of the UCC). Pledgor agrees to comply with instructions
originated by Secured Party with respect to the Collateral without
further consent by Pledgor, provided, however, that this shall not
affect the classification of the membership interests as
&#x201C;general intangibles&#x201D; or &#x201C;uncertificated
securities&#x201D; as such terms are defined in Articles&#xA0;8 and
9 of the UCC, it being the understanding and intent of the parties
hereto that the membership interests are &#x201C;general
intangibles&#x201D; and are not &#x201C;uncertificated
securities&#x201D; under Articles&#xA0;8 and 9 of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Holding
in Name of Secured Party, etc</font>. Except as otherwise provided
in the Note Purchase Agreement, Secured Party may from time to time
upon the occurrence and continuation of an Event of Default,
without notice to Pledgor, take all or any of the following
actions: (a) transfer, in accordance with all applicable securities
laws and the UCC, as applicable, all or any part of the Collateral
into the name of Secured Party or any nominee or sub-agent for
Secured Party, with or without disclosing that such Collateral is
subject to the Lien hereunder, (b) appoint one or more sub-agents
or nominees for the purpose of retaining physical possession of the
Collateral, (c) notify the parties obligated on any of the
Collateral to make payment to Secured Party of any amounts due or
to become due thereunder, (d) endorse any checks, drafts or other
writings in the name of Pledgor to allow collection of the
Collateral, (e) enforce any and all rights and privileges of
Pledgor against any party with respect to the Collateral by suit or
otherwise, and surrender, release or exchange all or any part
thereof, or compromise or renew for any period (whether or not
longer than the original period) any obligations of any nature of
any party with respect thereto, and (f) take control of any
proceeds of the Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Voting
Rights, Dividends, etc</font>. (a) Notwithstanding certain
provisions of <font style="text-decoration: underline">Section
4</font> hereof, so long as Secured Party has not given the written
notice referred to in <font style="text-decoration: underline">paragraph (b)</font>
below:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Pledgor
shall be entitled to exercise any and all voting or consensual
rights and powers and stock purchase, stockholder or subscription
rights relating or pertaining to the Collateral or any part thereof
for any purpose; <font style="text-decoration: underline">provided</font> that Pledgor agrees
that it will not exercise any such right or power in any manner
which would have a Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Pledgor
shall be entitled to receive and retain any and all lawful
dividends payable in respect of the Collateral which are paid in
cash by any Issuer if such dividends are permitted by the Note
Purchase Agreement, but all dividends and distributions in respect
of the Collateral or any part thereof made in shares of stock or
other ownership interests, whether resulting from a subdivision,
combination or reclassification of Collateral or any part thereof
or received in exchange for Collateral or any part thereof or as a
result of any merger, consolidation, acquisition or other exchange
of assets to which any Issuer may be a party or otherwise or as a
result of any exercise of any stock purchase or subscription right,
shall be and become part of the Collateral hereunder and, if
received by Pledgor, shall be forthwith delivered to Secured Party
in due form for transfer (i.e., endorsed in blank or accompanied by
stock or bond powers executed in blank) to be held for the purposes
of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Secured
Party shall promptly upon request from Pledgor execute and deliver,
or cause to be executed and delivered, to Pledgor all such proxies,
powers of attorney, dividend orders and other instruments as
Pledgor may request for the purpose of enabling Pledgor to exercise
the rights and powers which it is entitled to exercise pursuant to
<font style="text-decoration: underline">clause (i)</font> above
and to receive the dividends which it is authorized to retain
pursuant to <font style="text-decoration: underline">clause
(ii)</font> above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Upon
written notice from Secured Party upon the occurrence and
continuation of an Event of Default, and so long as the same shall
be continuing, all rights and powers which Pledgor is entitled to
exercise pursuant to <font style="text-decoration: underline">Section 5(a)(i)</font> hereof, and all
rights of Pledgor to receive and retain dividends pursuant to
<font style="text-decoration: underline">Section 5(a)(ii)</font>
hereof, shall forthwith cease, and all such rights and powers shall
thereupon become vested in Secured Party which shall have, upon the
occurrence and continuation of an Event of Default, the sole and
exclusive authority to exercise such rights and powers and to
receive such dividends. Any and all money and other property paid
over to or received by Secured Party pursuant to this <font style="text-decoration: underline">paragraph (b)</font> shall be retained
by Secured Party as additional Collateral hereunder and applied to
the Indebtedness evidenced by the Notes.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">6.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Remedies</font>.
Upon the occurrence and continuation of an Event of Default,
Secured Party may exercise from time to time any rights and
remedies available to it under the UCC or otherwise available to it
by applicable law. Without limiting the foregoing, upon the
occurrence and continuation of an Event of Default, Secured Party
(a) may, to the fullest extent permitted by applicable law, without
notice, advertisement, hearing or process of law of any kind,
subject to applicable securities laws and the UCC, as applicable,
(i) sell any or all of the Collateral, free of all rights and
claims of Pledgor therein and thereto, at any public or private
sale or brokers' board and (ii) bid for and purchase any or all of
the Collateral at any such public sale and (b) shall have the
right, for and in the name, place and stead of Pledgor, to execute
endorsements, assignments, stock powers and other instruments of
conveyance or transfer with respect to all or any of the
Collateral. Any notification of intended disposition of any of the
Collateral shall be deemed reasonably and properly given if given
at least ten (10) days before such disposition. Any proceeds of any
of the Collateral shall be applied by Secured Party to the payment
of expenses in connection with the Collateral, including, without
limitation, reasonable attorneys' fees and legal expenses, and any
balance of such proceeds shall be applied by Secured Party toward
the payment of such of the Secured Obligations, and in such order
of application, as Secured Party shall (and, after payment in full
of all Secured Obligations, any excess shall be delivered to
Pledgor or as a court of competent jurisdiction shall
direct).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">Secured
Party is hereby authorized to comply with any limitation or
restriction in connection with any sale of Collateral as it may be
advised by counsel is necessary in order to (a) avoid any violation
of applicable law (including, without limitation, compliance with
such procedures as may restrict the number of prospective bidders
or purchasers and/or further restrict such prospective bidders or
purchasers to persons or entities who will represent and agree that
they are purchasing for their own account for investment and not
with a view to the distribution or resale of such Collateral) or
(b) obtain any required approval of the sale or of the purchase by
any governmental regulatory authority or official, and Pledgor
agrees that such compliance shall not result in such sale being
considered or deemed not to have been made in a commercially
reasonable manner and that Secured Party shall not be liable or
accountable to Pledgor for any discount allowed by reason of the
fact that such Collateral is sold in compliance with any such
limitation or restriction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Notice</font>.
All notices or other communications hereunder shall be given in the
manner and deemed to be effective as set forth in the Note Purchase
Agreement or to such other addresses as Pledgor and Secured Party
may provide to the other from time to time in writing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">8.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">General</font>.
Secured Party shall be deemed to have exercised reasonable care in
the custody and preservation of the Collateral if it takes such
action for that purpose as Pledgor shall request in writing, but
failure of Secured Party to comply with any such request shall not
of itself be deemed a failure to exercise reasonable care, and no
failure of Secured Party to preserve or protect any rights with
respect to the Collateral against prior parties, or to do any act
with respect to preservation of the Collateral not so requested by
Pledgor, shall be deemed a failure to exercise reasonable care in
the custody or preservation of any Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">No
delay on the part of Secured Party in exercising any right, power
or remedy shall operate as a waiver thereof, and no single or
partial exercise of any such right, power or remedy shall preclude
any other or further exercise thereof, or the exercise of any other
right, power or remedy. No amendment, modification or waiver of, or
consent with respect to, any provision of this Agreement shall be
binding against Secured Party unless the same shall be in writing
and signed and delivered by Secured Party and Pledgor, and then
such amendment, modification, waiver or consent shall be effective
as against Secured Party or Pledgor, as the case may be, only in
the specific instance and for the specific purpose for which
given.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">All
obligations of Pledgor and all rights, powers and remedies of
Secured Party expressed herein are in addition to all other rights,
powers and remedies possessed by them, including, without
limitation, those provided by applicable law or in any other
written instrument or agreement relating to any of the Secured
Obligations or any security therefor. When all of the Secured
Obligations have been paid in full and all of the conditional
obligations, if any, of Pledgor and the other obligors under the
Note Purchase Documents (including, without limitation, commitments
to make loans or other advances thereunder) shall have expired or
been sooner terminated, this Agreement shall terminate and the
security interest granted herein shall be automatically released
without any further action on the part of any Person. Upon
termination of this Agreement or any release of Collateral in
accordance with the provisions of the Note Purchase Agreement,
Secured Party shall, upon the request and at the sole cost and
expense of Pledgor, forthwith assign, transfer and deliver to
Pledgor, against receipt and without recourse to or warranty by
Secured Party, such of the Collateral to be released as may be in
the possession of Secured Party and as shall not have been sold or
otherwise applied pursuant to the terms hereof, and, with respect
to any other Collateral, proper documents and instruments
(including, without limitation, UCC-3 termination statements)
acknowledging the termination of this Agreement or the release of
such Collateral, as the case may be.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement and all related instruments and documents and the rights
and obligations of the parties hereunder and thereunder shall, in
all respects, be governed by, and construed in accordance with, the
internal laws of the State of Delaware, without regard to conflicts
of law principles, regardless of the location of the Collateral,
excepting, however, that the UCC (or decisional law) of a
jurisdiction other than Delaware may provide the method of
perfection, the effect of perfection or non-perfection, or the
priority of liens and security interests created under this
Agreement. Wherever possible each provision of this Agreement shall
be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement shall be
prohibited by or invalid under such law, such provision shall be
ineffective to the extent of such prohibition or invalidity,
without invalidating the remainder of such provision or the
remaining provisions of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement shall be binding upon Pledgor and Secured Party and their
respective successors and assigns, and shall inure to the benefit
of Pledgor, Secured Party, each of the Noteholders and their
respective successors and assigns.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement may be executed in any number of counterparts and by the
different parties hereto on separate counterparts, and each such
counterpart shall be deemed an original but all such counterparts
shall together constitute but one and the same
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">PLEDGOR
IRREVOCABLY AGREES THAT, SUBJECT TO SECURED PARTY&#x2019;S SOLE AND
ABSOLUTE ELECTION, ALL ACTIONS OR PROCEEDINGS IN ANY WAY, MANNER OR
RESPECT, ARISING OUT OF OR FROM OR RELATED TO THIS AGREEMENT SHALL
BE BROUGHT AND MAINTAINED IN THE COURTS OF THE STATE OF DELAWARE OR
FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN THE STATE
OF DELAWARE; PROVIDED THAT NOTHING IN THIS AGREEMENT SHALL BE
DEEMED OR OPERATE TO PRECLUDE SECURED PARTY FROM BRINGING SUIT OR
TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION. PLEDGOR HEREBY
EXPRESSLY AND IRREVOCABLY SUBMITS TO THE JURISDICTION OF THE COURTS
OF THE STATE OF DELAWARE AND OF FEDERAL COURT OF THE UNITED STATES
OF AMERICA SITTING IN THE STATE OF DELAWARE FOR THE PURPOSE OF ANY
SUCH LITIGATION OR ACTION AS SET FORTH ABOVE. PLEDGOR FURTHER
IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL,
POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE
OF DELAWARE. PLEDGOR HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW
OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION
BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY
SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH OF
PLEDGOR AND SECURED PARTY IRREVOCABLY CONSENT TO THE SERVICE OF
PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION
OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR
CERTIFIED MAIL POSTAGE PREPAID, TO IT AT THE ADDRESS SET FORTH FOR
NOTICES IN THIS AGREEMENT, SUCH SERVICE TO BECOME EFFECTIVE THIRTY
(30) DAYS AFTER THE DATE OF MAILING. NOTHING HEREIN SHALL AFFECT
THE RIGHT OF SECURED PARTY TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR TO OTHERWISE
PROCEED AGAINST PLEDGOR OR ANY OTHER PERSON IN ANY OTHER
JURISDICTION.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><br></font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">7</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">SECURED
PARTY AND PLEDGOR, AFTER CONSULTING OR HAVING HAD THE OPPORTUNITY
TO CONSULT WITH COUNSEL, EACH KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY WAIVE IRREVOCABLY, ANY RIGHT TO A TRIAL BY JURY IN
ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS
AGREEMENT, THE COLLATERAL, OR ANY AMENDMENT, INSTRUMENT, DOCUMENT
OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN
CONNECTION HEREWITH OR THEREWITH OR ARISING FROM ANY LENDING
RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, OR
ANY COURSE OF CONDUCT OR COURSE OF DEALING IN WHICH SECURED PARTY
AND PLEDGOR ARE ADVERSE PARTIES, AND EACH AGREES THAT ANY SUCH
ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A
JURY.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">PLEDGOR
HEREBY WAIVES ALL RIGHTS TO NOTICE AND HEARING OF ANY KIND PRIOR TO
THE EXERCISE BY SECURED PARTY OF ITS RIGHTS TO REPOSSESS THE
COLLATERAL OF PLEDGOR WITHOUT JUDICIAL PROCESS OR TO REPLEVY,
ATTACH OR LEVY UPON SUCH COLLATERAL WITHOUT PRIOR NOTICE OR
HEARING.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">8</font></div>
</div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, this Agreement has been duly executed and
delivered as of the day and year first written above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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</td>
<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">AEMETIS, INC.</font>, as Pledgor</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Eric
A. McAfee</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">Name: Eric A.
McAfee</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Executive Officer</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">THIRD EYE CAPITAL CORPORATION</font>, as
Secured Party</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/&#xA0;</font>
<font><font style="font-family: Times New Roman; font-size: 13px"><font style="vertical-align: bottom;">Arif N.
Bhalwani</font></font></font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font><font style="font-family: Times New Roman; font-size: 13px">Name: <font style="vertical-align: bottom;">Arif N.
Bhalwani</font></font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Title:
<font style="vertical-align: bottom;">Managing
Partner</font></font></div>
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signature page to pledge agreement</font></div>
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SCHEDULE I</font></div>
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TO PLEDGE AGREEMENT</font></div>
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Issuer</font></div>
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Class of Stock</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Certificate</font></div>
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No(s).</font></div>
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Number of</font></div>
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Shares</font></div>
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Percentage</font></div>
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Ownership</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">Aemetis Advanced
Biorefinery Keyes, Inc., a Delaware corporation</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">Common
Stock</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">1</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">1,000</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">100%</font></div>
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<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>amtx_ex106.htm
<DESCRIPTION>PLEDGE AGREEMENT
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Exhibit 10.6</font></div>
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PLEDGE AGREEMENT</font></div>
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made by</font></div>
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AEMETIS, INC.,</font></div>
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as Pledgor</font></div>
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in favor of</font></div>
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THIRD EYE CAPITAL CORPORATION,</font></div>
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as Agent</font></div>
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Dated as of&#xA0;July 10, 2017</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">PLEDGE
AGREEMENT</font><font style="color: #000000">, dated as of July 10,
2017, by AEMETIS, INC. (the &#x201C;</font><font style="text-decoration: underline; color: #000000">Pledgor</font><font style="color: #000000">&#x201D;),
in favor of THIRD EYE CAPITAL CORPORATION, as administrative agent
and collateral agent for and on behalf of the Noteholders (as
defined in the Note Purchase Agreement referred to below) (in such
aforesaid capacities, or any successor or assign in such
capacities, the &#x201C;</font><font style="text-decoration: underline; color: #000000">Agent</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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PRELIMINARY STATEMENTS:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(1)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Goodland
Advanced Fuels, Inc., a Delaware corporation (the
&#x201C;<font style="text-decoration: underline">Issuer</font>&#x201D;), the Noteholders
from time to time party thereto, and the Agent have entered into
that certain Note Purchase Agreement of even date herewith (as
amended, varied, supplemented, restated, renewed or replaced at any
time and from time to time, the &#x201C;<font style="text-decoration: underline">Note Purchase
Agreement</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(2)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Pursuant
to the Note Purchase Agreement, the Noteholders have agreed to make
Loans from time to time to the Issuer, upon the terms and subject
to the conditions set forth therein.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(3)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor has entered into that certain Limited Guaranty of even date
herewith</font> (as amended, varied, supplemented, restated,
renewed or replaced at any time and from time to time, the
&#x201C;<font style="text-decoration: underline">Limited
Guaranty</font>&#x201D;), to guarantee the Guaranteed Obligations
(as defined and otherwise described in the Limited
Guaranty).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(4)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Effective
upon the exercise of the Aemetis Option, Pledgor will become the
owner of the shares of Capital Stock described in Schedule I hereto
(collectively, the &#x201C;</font><font style="text-decoration: underline; color: #000000">Pledged
Equity</font><font style="color: #000000">&#x201D;) and issued by
the Issuer.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(5)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;It
is a condition precedent to the obligation of the Noteholders to
make Loans under the Note Purchase Agreement that the Pledgor shall
have executed and delivered this Agreement to the Agent, for the
benefit of the Agent, the Noteholders from time to time party to
the Note Purchase Agreement and any other holder of any Note
Indebtedness (collectively with the Agent and the Noteholders, the
&#x201C;<font style="text-decoration: underline">Secured
Parties</font>&#x201D;).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(6)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor will derive substantial direct and indirect benefit from
the transactions contemplated by Note Purchase
Agreement.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the premises and to induce the
Noteholders to make Loans pursuant to the Note Purchase Agreement
and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Pledgor hereby
agrees with the Agent, for the benefit of the Secured Parties, as
follows:</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Definitions</font><font style="color: #000000">.
(a) Unless otherwise defined herein, terms defined in the Note
Purchase Agreement and used herein shall have the meanings given to
them in the Note Purchase Agreement. Furthermore, unless otherwise
defined in this Agreement or the Note Purchase Agreement, terms
defined in Articles 8 or 9 of the UCC (as defined below) are used
in this Agreement as such terms are defined in such Articles 8 or
9.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
following terms shall have the following
meanings:</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="text-decoration: underline; color: #000000">Agreement</font><font style="color: #000000">&#x201D;
means this Pledge Agreement,</font> as amended, varied,
supplemented, restated, renewed or replaced at any time and from
time to time.</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Capital Stock</font>&#x201D; means,
with respect to any Person, (a) any and all of the shares,
interests, rights, participations or other equivalents (however
designated) of capital stock of (or other ownership or profit
interests in) such Person, (b) any and all of the warrants, options
or other rights for the purchase or acquisition from such Person of
shares of capital stock of (or other ownership or profit interests
in) such Person, and (c) all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or
profit interests in) such Person or warrants, rights or options for
the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit
interests in such Person (including partnership, member or trust
interests therein), in the case of clauses (a) through (c) above,
whether voting or nonvoting, and whether or not such shares,
participations, warrants, options, rights or other interests are
outstanding on any date of determination.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="text-decoration: underline; color: #000000">Collateral</font><font style="color: #000000">&#x201D;
has the meaning specified in Section 2.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="text-decoration: underline; color: #000000">Collateral
Account</font><font style="color: #000000">&#x201D; means any
account established to hold money proceeds, maintained under the
sole dominion and control of the Agent, subject to withdrawal by
the Agent for the account of the Secured Parties only as provided
in Section 12(b).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="text-decoration: underline; color: #000000">Issuer</font><font style="color: #000000">&#x201D;
has the meaning specified in the recitals
hereto.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="text-decoration: underline; color: #000000">Pledged
Equity</font><font style="color: #000000">&#x201D; has the meaning
specified in the recitals hereto.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="text-decoration: underline; color: #000000">Pledgor</font><font style="color: #000000">&#x201D;
has the meaning specified in the recitals
hereto.</font></font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Proceeds</font>&#x201D; shall mean all
&#x201C;proceeds&#x201D; as defined in Article 9 of the UCC and, in
any event, includes, without limitation, (i)&#xA0;all payments,
dividends or distributions made with respect to any Pledged Equity
or other Capital Stock of the Issuer constituting Collateral, and
(ii)&#xA0;whatever is receivable or received when Collateral or
proceeds are sold, exchanged, collected or otherwise disposed of,
whether such disposition is voluntary or involuntary.</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 61px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="text-decoration: underline; color: #000000">Secured
Parties</font><font style="color: #000000">&#x201D; has the meaning
specified in the recitals hereto.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 61px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="text-decoration: underline; color: #000000">Securities
Act</font><font style="color: #000000">&#x201D; has the meaning
specified in Section 13(a)(i).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="text-decoration: underline; color: #000000">Solvent</font><font style="color: #000000">&#x201D;
when used with respect to any Person, means that, as of any date of
determination, (a) the amount of the &#x201C;present fair saleable
value&#x201D; of the assets of such Person will, as of such date,
exceed the amount of all &#x201C;liabilities of such Person,
contingent or otherwise&#x201D;, as of such date, as such quoted
terms are determined in accordance with applicable federal and
state laws governing determinations of the insolvency of debtors,
(b) the present fair saleable value of the assets of such Person
will, as of such date, be greater than the amount that will be
required to pay the liability of such Person on its debts as such
debts become absolute and matured, (c) such Person will not have,
as of such date, an unreasonably small amount of capital with which
to conduct its business, and (d) such Person will be able to pay
its debts as they mature. For purposes of this definition, (i)
&#x201C;debt&#x201D; means liability on a &#x201C;claim&#x201D;, and
(ii) &#x201C;claim&#x201D; means any (x) right to payment, whether or
not such a right is reduced to judgment, liquidated, unliquidated,
fixed, contingent, matured, unmatured, disputed, undisputed, legal,
equitable, secured or unsecured or (y) right to an equitable remedy
for breach of performance if such breach gives rise to a right to
payment, whether or not such right to an equitable remedy is
reduced to judgment, fixed, contingent, matured or unmatured,
disputed, undisputed, secured or unsecured.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">UCC</font>&#x201D; means the Uniform
Commercial Code as in effect from time to time in the State of New
York; provided, that if perfection or the effect of perfection or
non-perfection or the priority of any security interest in any
Collateral is governed by the Uniform Commercial Code as in effect
in a jurisdiction other than the State of New York,
&#x201C;UCC&#x201D; means the Uniform Commercial Code as in effect
from time to time in such other jurisdiction for purposes of the
provisions hereof relating to such perfection, effect of perfection
or non-perfection or priority.</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
rules of construction specified in Sections 1.2, 1.3 and 1.4 of the
Note Purchase Agreement shall apply to this Agreement, <font style="font-style: italic">mutatis mutandis</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
expressions &#x201C;payment in full,&#x201D; &#x201C;paid in
full&#x201D; and any other similar terms or phrases when used herein
with respect to the Guaranteed Obligations (as defined in the
Limited Guaranty) shall mean the unconditional, final, indefeasible
and irrevocable payment in full, in immediately available funds, of
all of the Guaranteed Obligations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">No
inference in favor of, or against, any party to this Agreement
shall be drawn from the fact that such party has drafted any
portion of this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Pledge;
Grant of Security Interest</font><font style="color: #000000">.
Effective upon the exercise of the Aemetis Option, the Pledgor
hereby pledges to the Agent for the benefit of the Secured Parties,
and grants to the Agent for the benefit of the Secured Parties a
security interest in, all of the following property, whether now
owned or existing or hereafter arising or acquired</font> by the
Pledgor or in which the Pledgor now has or at any time in the
future may acquire any right, title or interest (collectively, the
&#x201C;<font style="text-decoration: underline">Collateral</font>&#x201D;)<font style="color: #000000">:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">the
Pledged Equity and the certificates, if any, representing the
Pledged Equity, and all dividends, distributions, return of
capital, cash, warrants, rights, options, instruments, securities
and other property or proceeds from time to time received,
receivable or otherwise distributed in respect of or in exchange
for any or all of the Pledged Equity and all subscription warrants,
rights, options or warrants issued thereon or with respect
thereto;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(ii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">all
additional Capital Stock issued by the Issuer and from time to time
acquired by the Pledgor in any manner, and the certificates, if
any, representing such additional Capital Stock, and all dividends,
distributions, return of capital, warrants, rights, options,
instruments, securities and other property or proceeds from time to
time received, receivable or otherwise distributed in respect of or
in exchange for any or all of such Capital Stock and all
subscription warrants, rights or options issued thereon or with
respect thereto;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(iii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
interest of the Pledgor in the entries on the books of the Issuer
with respect to any of the foregoing; and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(iv)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">all
Proceeds of any and all of the foregoing Collateral (including,
without limitation, Proceeds that constitute property of the types
described above).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">3.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Security
for Guaranteed Obligations</font><font style="color: #000000">.
This Agreement secures the payment and performance</font> when due
(whether at the stated maturity, by acceleration or otherwise) for
the Guaranteed Obligations (as defined in the Limited
Guaranty)<font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">4.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Delivery
of Collateral</font><font style="color: #000000">. Effective upon
the exercise of the Aemetis Option:</font></font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">All
certificates or instruments representing or evidencing the
Collateral shall be delivered to and held by or on behalf of the
Agent pursuant hereto and shall be in suitable form for transfer by
delivery, or shall be accompanied by duly executed instruments of
transfer or assignment in blank, all in form and substance
satisfactory to the Agent. The Agent shall have the right, at any
time in its discretion and without notice to the Pledgor, to
transfer to or to register in the name of the Agent or any of its
nominees any or all of the Collateral, subject only to the
revocable rights specified in Section 7(a). For the better
perfection of the Agent&#x2019;s rights in and to the Collateral,
upon the request of the Agent, the Pledgor shall forthwith, upon
the pledge of any Collateral hereunder, cause such Collateral to be
registered in the name of such nominee or nominees of the Agent as
the Agent shall direct, subject only to the revocable rights
specified in Section 7(a). In addition, the Agent shall have the
right at any time to exchange certificates or instruments
representing or evidencing Collateral for certificates or
instruments of smaller or larger denominations.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">With
respect to any Collateral in which the Pledgor has any right, title
or interest and that constitutes an uncertified security, the
Pledgor will cause the issuer thereof either (i) to register the
Agent as the registered owner of such security or (ii) to agree in
an authenticated record with the Pledgor and the Agent that such
issuer will comply with instructions with respect to such security
originated by the Agent without further consent of the Pledgor,
such authenticated record to be in form and substance satisfactory
to the Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">5.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Representations
and Warranties</font><font style="color: #000000">. The Pledgor
represents and warrants to the Agent and the other Secured Parties
as follows:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization and has the
organizational power and authority and the legal right to own and
operate its property, to lease the property it operates and to
conduct the business in which it is currently
engaged.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor has the organizational power and authority and the legal
right to execute and deliver, and to perform its obligations under
this Agreement, and has taken all necessary organizational action
to duly authorize its execution, delivery and performance of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Effective
upon the exercise of the Aemetis Option, the Pledgor will be the
full legal and beneficial owner of the Collateral free and clear of
any Lien, claim, option or other charge or encumbrance (including
any restriction on assignment or transfer), except for the security
interest created by this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Effective
upon the exercise of the Aemetis Option, this Agreement and the
pledge of the Pledged Equity pursuant to this Agreement creates a
valid and perfected first priority security interest in the
Collateral, securing the payment and performance of the Guaranteed
Obligations, and all filings and other actions necessary or
desirable to perfect and protect such security interest have been
duly taken, and there are no outstanding preemptive rights,
warrants, options or other rights to purchase, or shareholder,
voting trust or similar agreements outstanding with respect to, or
property that is convertible into, or that requires the issuance or
sale of, the Pledged Equity.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">No
consent of any other Person and no authorization, approval, or
other action by, and no notice to or filing with, any Governmental
Authority is required (i) for the pledge by the Pledgor of the
Collateral pursuant to this Agreement or for the execution,
delivery or performance of this Agreement by the Pledgor, (ii) for
the attachment, perfection or maintenance of the security interest
created hereby (including the first priority nature of such
security interest) or (iii) for the exercise by the Agent of the
voting or other rights provided for in this Agreement or the
remedies in respect of the Collateral pursuant to this Agreement
(except as may be required in connection with any disposition of
any portion of the Collateral by laws affecting the offering and
sale of securities generally).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
execution, delivery and performance of this Agreement will not
violate any provision of any Requirement of Law or contractual
obligation of the Pledgor and will not result in or require the
creation or imposition of any Lien on any of the properties or
revenues of the Pledgor pursuant to any Requirement of Law or
contractual obligation of the Pledgor (except for the Liens created
pursuant to this Agreement).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(g)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">This
Agreement constitutes a legal, valid and binding obligation of the
Pledgor enforceable in accordance with its terms, except as
affected by bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other similar laws relating to or
affecting the enforcement of creditors&#x2019; rights generally and
general equitable principles.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(j)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">No
litigation, investigation or proceeding of or before any arbitrator
or Governmental Authority is pending or, to the knowledge of the
Pledgor, threatened by or against the Pledgor or against any of its
properties or revenues with respect to this Agreement or any of the
transactions contemplated hereby. Effective upon the exercise of
the Aemetis Option, the Pledged Equity constitutes the percentage
of the issued and outstanding Capital Stock of the Issuer indicated
on Schedule I hereto.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(k)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Effective
upon the exercise of the Aemetis Option, all Collateral consisting
of certificated securities and instruments will have been delivered
to the Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(l)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">There
are no conditions precedent to the effectiveness of this Agreement
that have not been satisfied or waived.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(m)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor has, independently and without reliance upon the Agent or
any other Secured Party and based on such documents and information
as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(n)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor is and, after giving effect to this Agreement, the
obligations being incurred in connection herewith and the other
transactions contemplated hereby, will be and will continue to be
Solvent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">6.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Further
Assurances</font><font style="color: #000000">. (a) The Pledgor
agrees that at any time and from time to time, at the expense of
the Pledgor, the Pledgor will promptly execute and deliver all
further instruments and documents, and take all further action,
that may be necessary or desirable, or that the Agent may request,
in order to perfect and protect any security interest granted or
purported to be granted hereby or to enable the Agent to exercise
and enforce its rights and remedies hereunder with respect to any
Collateral after the exercise of the Aemetis Option. Without
limiting the generality of the foregoing, the Pledgor will
promptly, (i) mark conspicuously each of its records pertaining to
the Collateral with a legend, in form and substance satisfactory to
the Agent, indicating that such Collateral is subject to the
security interest granted hereby; (ii) if any such Collateral shall
be evidenced by a promissory note or other instrument, deliver and
pledge to the Agent hereunder such promissory note or instrument
duly indorsed and accompanied by duly executed instruments of
transfer or assignment, all in form and substance satisfactory to
the Agent; (iii) execute and authenticate and file such financing
or continuation statements, or amendments thereto and such other
instruments or notices, as may be necessary or desirable, or as the
Agent may request, in order to perfect and preserve the security
interest granted or purported to be granted by the Pledgor
hereunder; (iv) deliver and pledge to the Agent, for the benefit of
the Secured Parties, all certificates representing Collateral that
constitutes certificated securities, accompanied by undated stock
or bond powers executed in blank; (v) take all action necessary to
ensure that the Agent has control of the Collateral consisting of
investment property as provided in Section 9-106 of the UCC; and
(vi) deliver to the Agent evidence that all other action that the
Agent may deem reasonably necessary or desirable to perfect and
protect the security interest created by the Pledgor under this
Agreement has been taken.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor hereby authorizes the Agent to file one or more financing
statements, continuation statements, and assignments and amendments
thereto</font> in such form and in such offices as the Agent
determines appropriate to perfect or maintain the perfection of the
security interests of the Agent under this Agreement<font style="color: #000000">, including, without limitation, one or more
financing statements indicating that such financing statements
cover the Collateral, in each case without the signature of the
Pledgor. A photocopy or other reproduction of this Agreement or any
financing statement covering the Collateral or any part thereof
shall be sufficient as a financing statement where permitted by
law.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">7.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Voting
Rights; Dividends, Etc</font><font style="color: #000000">. (a)
Effective upon the exercise of the Aemetis Option, so long as no
Event of Default shall have occurred and be
continuing:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor shall be entitled to exercise or refrain from exercising
any and all voting and other consensual rights pertaining to the
Collateral or any part thereof for any purpose not inconsistent
with the terms of this Agreement or the Note Purchase Agreement;
provided, however, that the Pledgor shall not exercise or refrain
from exercising any such right if such action would have a material
adverse effect on the value of the Collateral or any part
thereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(ii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor shall be entitled to receive and retain any and all
dividends and other distributions paid in respect of the Collateral
if and to the extent that the payment thereof is not otherwise
prohibited by the terms of this Agreement or any of the other Note
Purchase Documents, provided, however, that any and
all:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(A)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">dividends
and other distributions paid or payable other than in cash in
respect of, and instruments and other property received, receivable
or otherwise distributed in respect of, or in exchange for, any
Collateral,</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(B)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">dividends
and other distributions paid or payable in cash in respect of any
Collateral in connection with a partial or total liquidation or
dissolution or in connection with a reduction of capital, capital
surplus or paid-in-surplus, and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(C)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">cash
paid, payable or otherwise distributed in respect of principal of,
or in redemption of, or in exchange for, any Collateral, shall be,
and shall be forthwith delivered to the Agent to hold as,
Collateral and shall, if received by Pledgor, be received in trust
for the benefit of the Agent and the other Secured Parties, be
segregated from the other property or funds of Pledgor, and be
forthwith delivered to the Agent as Collateral in the same form as
so received (with any necessary endorsement or
assignment).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(iii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Agent shall execute and deliver (or cause to be executed and
delivered) to the Pledgor all such proxies and other instruments as
the Pledgor may reasonably request for the purpose of enabling the
Pledgor to exercise the voting and other rights which it is
entitled to exercise pursuant to paragraph (i) above and to receive
the dividends and other distributions which it is authorized to
receive and retain pursuant to paragraph (ii)
above.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Effective
upon the exercise of the Aemetis Option, if an Event of Default
shall have occurred and be continuing:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">All
rights of the Pledgor (x) to exercise or refrain from exercising
the voting and other consensual rights which it would otherwise be
entitled to exercise pursuant to Section 7(a)(i) shall, upon notice
to the Pledgor by the Agent, cease and (y) to receive the dividends
and other distributions that it would otherwise be authorized to
receive and retain pursuant to Section 7(a)(ii) shall automatically
cease, and all such rights shall thereupon become vested in the
Agent who shall thereupon have the sole right to exercise or
refrain from exercising such voting and other consensual rights and
to receive and hold as Collateral such dividends and other
distributions.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">7</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(ii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">All
dividends and other distributions that are received by the Pledgor
contrary to the provisions of Section 7(b)(i) shall be received in
trust for the benefit of the Agent, shall be segregated from other
funds of the Pledgor and shall be forthwith paid over to the Agent
as Collateral in the same form as so received (with any necessary
indorsement or assignment).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">8.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Transfers
and Other Liens; Additional Shares; Etc</font><font style="color: #000000">. Effective upon the exercise of the Aemetis
Option, (a) The Pledgor agrees that it will not (i) sell, transfer,
assign (by operation of law or otherwise), exchange or otherwise
dispose of, or grant any option with respect to, any of the
Collateral, (ii) create or permit to exist any Lien, claim, option
or other charge or encumbrance upon or with respect to any of the
Collateral, except for the security interest under this Agreement,
or (iii) agree or consent to any amendment, modification or waiver
with respect to any of the Collateral.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Effective
upon the exercise of the Aemetis Option, the Pledgor agrees that it
will (i) not, without the prior written consent of the Agent,
permit the Issuer to issue any Capital Stock or other securities in
addition to or in substitution for the Pledged Equity, except to
the Pledgor or Agent and (ii) pledge hereunder, immediately upon
its acquisition (directly or indirectly) thereof, any and all
additional shares of Capital Stock or other securities of the
Issuer.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">9.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Agent
Appointed Attorney-in-Fact</font><font style="color: #000000">.
Effective upon the exercise of the Aemetis Option, the Pledgor
hereby appoints the Agent as the Pledgor&#x2019;s attorney-in-fact,
with full authority in the place and stead of the Pledgor and in
the name of the Pledgor or otherwise, from time to time in the
Agent&#x2019;s discretion to take any action and to execute any
instrument which the Agent may deem necessary or advisable to
accomplish the purposes of this Agreement (subject to the rights of
the Pledgor under Section 7), including, without limitation, to
receive, indorse and collect all instruments made payable to the
Pledgor representing any dividend or other distribution in respect
of the Collateral or any part thereof and to give full discharge
for the same.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">10.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Agent
May Perform</font><font style="color: #000000">. If the Pledgor
fails to perform any agreement contained herein, the Agent may
itself perform, or cause performance of, such agreement, and the
expenses of the Agent incurred in connection therewith shall be
payable by the Pledgor under Section 14.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">11.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">The
Agent&#x2019;s Duties</font><font style="color: #000000">. The
powers conferred on the Agent hereunder are solely to protect its
interest in the Collateral and shall not impose any duty upon it to
exercise any such powers. Except for the safe custody of any
Collateral in its possession and the accounting for moneys actually
received by it hereunder, the Agent shall have no duty as to any
Collateral, as to ascertaining or taking action with respect to
calls, conversions, exchanges, maturities, tenders or other matters
relative to any Collateral, whether or not the Agent or any Secured
Party has or is deemed to have knowledge of such matters, or as to
the taking of any necessary steps to preserve rights against any
parties or any other rights pertaining to any Collateral. The Agent
shall be deemed to have exercised reasonable care in the custody
and preservation of any Collateral in its possession if such
Collateral is accorded treatment substantially equal to that which
it accords its own property.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">12.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Remedies
upon Default</font><font style="color: #000000">. Effective upon
exercise of the Aemetis Option, if any Event of Default shall have
occurred and be continuing:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Agent may exercise in respect of the Collateral, in addition to
other rights and remedies provided for herein or otherwise
available to it, all the rights and remedies of a secured party on
default under the UCC (whether or not the UCC applies to the
affected Collateral), and may also, without notice except as
specified below, sell the Collateral or any part thereof in one or
more parcels at public or private sale, at any exchange,
broker&#x2019;s board or at any of the Agent&#x2019;s offices or
elsewhere, for cash, on credit or for future delivery, and upon
such other terms as the Agent may deem commercially reasonable. The
Pledgor agrees that, to the extent notice of sale shall be required
by law, at least ten (10) days&#x2019; notice to the Pledgor of the
time and place of any public sale or the time after which any
private sale is to be made shall constitute reasonable
notification. The Agent shall not be obligated to make any sale of
Collateral regardless of notice of sale having been given. The
Agent may adjourn any public or private sale from time to time by
announcement at the time and place fixed therefor, and such sale
may, without further notice, be made at the time and place to which
it was so adjourned. To the extent permitted by applicable law, the
Pledgor waives all claims, damages and demands it may acquire
against the Agent or any other Secured Party arising out of the
exercise by them of any rights or remedies
hereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">8</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Any
cash held by the Agent as Collateral and all cash proceeds received
by the Agent in respect of any sale of, collection from, or other
realization upon all or any part of the Collateral may, in the
discretion of the Agent, be held by the Agent in a Collateral
Account as collateral for, and/or then or at any time thereafter be
applied (after payment of any amounts payable to the Agent pursuant
to Section 14) in whole or in part by the Agent for the benefit of
the Secured Parties against, all or any part of the Guaranteed
Obligations in such order and manner as the Agent may elect in its
sole discretion or as otherwise required under the Note Purchase
Agreement. Any surplus of such cash or cash proceeds held by the
Agent and remaining after payment in full of all Guaranteed
Obligations shall be paid over to the Pledgor or to whomsoever may
be lawfully entitled to receive such surplus.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor shall remain liable for any deficiency if the proceeds of
any sale or other disposition of Collateral are insufficient to pay
the Guaranteed Obligations and the fees and disbursements of any
attorneys employed by the Agent or any other Secured Party to
collect such deficiency.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">13.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Registration
Rights; Private Sales</font><font style="color: #000000">. (a) If
the Agent shall determine to exercise its right to sell all or any
of the Collateral pursuant to Section 12 the Pledgor agrees that,
upon request of the Agent, the Pledgor will, at its own
expense:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">execute
and deliver, and cause the issuer of the Collateral contemplated to
be sold and the directors and officers thereof to execute and
deliver, all such instruments and documents, and do or cause to be
done all such other acts and things, as may be necessary or, in the
opinion of the Agent, advisable to register such Collateral under
the provisions of the Securities Act of 1933, as from time to time
amended (the &#x201C;</font><font style="text-decoration: underline; color: #000000">Securities
Act</font><font style="color: #000000">&#x201D;), and to cause the
registration statement relating thereto to become effective and to
remain effective for such period as prospectuses are required by
law to be furnished, and to make all amendments and supplements
thereto and to the related prospectus which, in the opinion of the
Agent, are necessary or advisable, all in conformity with the
requirements of the Securities Act and the rules and regulations of
the Securities and Exchange Commission applicable thereto</font>
<font style="font-family: Times New Roman">and</font> <font style="color: #000000">Pledgor agrees to cause Issuer to comply with the
provisions of the securities or &#x201C;Blue Sky&#x201D; laws of any
and all jurisdictions which the Agent shall designate and to make
available to its security holders, as soon as practicable, an
earnings statement (which need not be audited) which will satisfy
the provisions of Section 11(a) of the Securities Act;
and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(ii)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">do
or cause to be done all such other acts and things as may be
necessary to make such sale of the Collateral or any part thereof
valid and binding and in compliance with applicable Requirements of
Law.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">9</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor recognizes that the Agent may be unable to effect a public
sale of any or all the Collateral, by reason of certain
prohibitions contained in the Securities Act and applicable state
securities laws or otherwise, and may be compelled to resort to one
or more private sales thereof to a restricted group of purchasers
which will be obliged to agree, among other things, to acquire such
securities for their own account for investment and not with a view
to the distribution or resale thereof. The Pledgor acknowledges and
agrees that any such private sale may result in prices and other
terms less favorable than if such sale were a public sale and,
notwithstanding such circumstances, agrees that any such private
sale shall be deemed to have been made in a commercially reasonable
manner. The Agent shall be under no obligation to delay a sale of
any of the Collateral for the period of time necessary to permit
the issuer thereof to register such securities for public sale
under the Securities Act, or under applicable state securities
laws, even if such issuer would agree to do so.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor further agrees to use its best efforts to do or cause to be
done all such other acts as may be necessary to make such sale or
sales of all or any portion of the Collateral pursuant to this
Section valid and binding and in compliance with any and all other
applicable Requirements of Law. The Pledgor further agrees that a
breach of any of the covenants contained in this Section will cause
irreparable injury to the Agent and the Secured Parties, that the
Agent and the Secured Parties have no adequate remedy at law in
respect of such breach and, as a consequence, that each and every
covenant contained in this Section shall be specifically
enforceable against the Pledgor, and the Pledgor hereby waives and
agrees not to assert any defenses against an action for specific
performance of such covenants except for a defense that no Event of
Default has occurred under the Note Purchase
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">14.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Indemnity
and Expenses</font><font style="color: #000000">. (a) The Pledgor
agrees to indemnify, defend and save and hold harmless each Secured
Party and each of their Related Parties (each, an
&#x201C;</font><font style="text-decoration: underline; color: #000000">Indemnified
Party</font><font style="color: #000000">&#x201D;) from and against,
and shall pay on demand, any and all claims, damages, losses,
liabilities and expenses (including, without limitation, the fees
and expenses of counsel) that may be incurred by or asserted or
awarded against any Indemnified Party, in each case arising out of
or in connection with or resulting from this Agreement (including,
without limitation, enforcement of this Agreement), except to the
extent such claim, damage, loss, liability or expense is found in a
final, non-appealable judgment by a court of competent jurisdiction
to have resulted from such Indemnified Party&#x2019;s gross
negligence or willful misconduct.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor shall pay and save the Agent and the other Secured Parties
from any and all liabilities with respect to, or resulting from any
delay by Pledgor in paying, any and all stamp, excise, sales or
other taxes that may be payable or determined to be payable with
respect to any of the Collateral or in connection with any of the
transactions contemplated by this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
Pledgor will upon demand pay to the Agent the amount of any and all
expenses, including, without limitation, the fees and expenses of
its counsel and of any experts and agents, that the Agent may incur
in connection with (i) the administration of this Agreement, (ii)
the custody or preservation of, or the sale of, collection from or
other realization upon, any of the Collateral, (iii) the exercise
or enforcement of any of the rights of the Agent or the other
Secured Parties hereunder or (iv) the failure by the Pledgor to
perform or observe any of the provisions
hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
agreements in this Section 14 shall survive repayment of the
Guaranteed Obligations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">15.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Security
Interest Absolute</font><font style="color: #000000">. The
obligations of the Pledgor under this Agreement are independent of
the</font> Note Indebtedness <font style="color: #000000">of the
other Obligors, and a separate action or actions may be brought and
prosecuted against the Pledgor to enforce this Agreement,
irrespective of whether any action is brought against any other
Obligor or whether any other Obligor is joined in any such action
or actions. All rights of the Agent and the security interests
hereunder, and all obligations of the Pledgor hereunder, shall be
absolute and unconditional irrespective of:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
lack of validity or enforceability of any Note Purchase Document or
any other agreement or instrument relating thereto, any change in
the time, manner or place of payment of, or in any other term of,
all or any of the</font> Note Indebtedness<font style="color: #000000">, or any other amendment or waiver of or any
consent to any departure from the Note Purchase Agreement or any
other Note Purchase Document, including, without limitation, any
increase in the</font> Note Indebtedness <font style="color: #000000">resulting from the extension of additional credit
to the Company or otherwise;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">10</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
taking, exchange, release or non-perfection of any other
collateral, or any taking, release or amendment or waiver of or
consent to departure from any guaranty, for all or any of
the</font> Note Indebtedness<font style="color: #000000">;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
manner of application of collateral, or proceeds thereof, to all or
any of the</font> Note Indebtedness<font style="color: #000000">,
or any manner of sale or other disposition of any collateral for
all or any part of the</font> Note Indebtedness <font style="color: #000000">or any other assets of any
Obligor;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
change, restructuring or termination of the corporate or
organizational structure or existence any Obligor;
or</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">any
other circumstance which might otherwise constitute a defense
available to, or a discharge of, any Obligor or a third party
pledgor.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">16.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Amendments</font><font style="color: #000000">.
No amendment of any provision of this Agreement shall be effective
unless the same shall be in writing and signed by the Agent and the
Pledgor.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">17.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Waiver</font><font style="color: #000000">.
No waiver of any provision of this Agreement, and no consent to any
departure by the Pledgor herefrom, shall be effective unless the
same shall be in writing and signed by the Agent, and then such
waiver or consent shall be effective only in the specific instance
and for the specific purpose for which given. No failure on the
part of the Agent or any other Secured Party to exercise, and no
delay in exercising any right hereunder, shall operate as a waiver
thereof; nor shall any single or partial exercise of any such right
preclude any other or further exercise thereof or the exercise of
any other right.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">18.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Notices</font><font style="color: #000000">.
All notices, requests and demands and other communications to or
upon the Agent or any Pledgor hereunder shall be effected in the
manner provided for in Section 8.2 of the Note Purchase Agreement;
provided that any notice, request, demand or other communication to
the Pledgor shall be addressed to the Pledgor at its address on the
signature page to this Agreement. Notices sent by hand or overnight
courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by
facsimile shall be deemed to have been given when sent (except
that, if not given during normal business hours for the recipient,
shall be deemed to have been given at the opening of business on
the next Business Day for the recipient).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">19.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Continuing
Security Interest; Assignments</font><font style="color: #000000">.
This Agreement shall create a continuing security interest in the
Collateral and shall (i) remain in full force and effect until the
payment in full of the Guaranteed Obligations, (ii) be binding upon
the Pledgor, its successors and assigns, and (iii) inure, together
with the rights and remedies of the Agent hereunder, to the benefit
of, and be enforceable by, the Agent, the Secured Parties and their
respective successors, transferees and assigns. Without limiting
the generality of the foregoing, any Noteholder may assign or
otherwise transfer all or any portion of its interest in the Note
Purchase Agreement and the other Note Purchase Documents
(including, without limitation, all or any portion of the
obligations under the Note Purchase Agreement held by it) to any
other Person, and such other Person shall thereupon become vested
with all the benefits in respect thereof granted to such Noteholder
herein or otherwise, in each case as provided in Section 8.7 of the
Note Purchase Agreement. Upon the indefeasible payment in full in
cash of the Guaranteed Obligations, the security interest granted
hereby shall terminate and all rights to the Collateral shall
revert to the Pledgor. Upon any such termination, the Agent will,
at the Pledgor&#x2019;s expense, return to the Pledgor such of the
Collateral as shall not have been sold or otherwise applied
pursuant to the terms hereof and execute and deliver to the Pledgor
such documents as the Pledgor shall reasonably request to evidence
such termination.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">11</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">20.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Authority
of Agent</font><font style="color: #000000">. The Pledgor
acknowledges that the rights and responsibilities of the Agent
under this Agreement with respect to any action taken by the Agent
or the exercise or non-exercise by the Agent of any option, voting
right, request, judgment or other right or remedy provided for
herein or resulting or arising out of this Agreement shall, as
between the Agent and the other Secured Parties, be governed by the
Note Purchase Agreement and by such other agreements with respect
thereto as may exist from time to time among them, but, as between
the Agent and the Pledgor, the Agent shall be conclusively presumed
to be acting as agent for Secured Parties with full and valid
authority so to act or refrain from acting, and neither the Pledgor
nor the Issuer shall be under any obligation, or entitlement, to
make any inquiry respect such authority.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">21.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Execution
in Counterparts</font><font style="color: #000000">. This Agreement
may be executed in any number of counterparts, each of which when
so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement.
Delivery of an executed counterpart of a signature page to this
Agreement by facsimile or other electronic means shall be effective
as delivery of an original executed counterpart of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">22.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Severability</font><font style="color: #000000">.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Any
provision of this Agreement which is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to
the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such
prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other
jurisdiction.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">23.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Section
Headings</font><font style="color: #000000">. The Section headings
used in this Agreement are for convenience of reference only and
are not to affect the construction hereof or be taken into
consideration in the interpretation hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">24.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Irrevocable
Authorization and Instruction to Issuer</font><font style="color: #000000">. Effective upon the exercise of the Aemetis
Option, the Pledgor hereby authorizes and instructs the Issuer to
comply with any instruction received by it from the Agent in
writing that (a) states that an Event of Default or Default has
occurred and (b) is in accordance with the terms of this Agreement,
without any other or further instructions from the Pledgor, and the
Pledgor agrees that the Issuer shall be fully protected in so
complying. The Pledgor shall cause the Issuer to execute and
deliver to the Agent an Acknowledgment and Consent in the form
attached as Exhibit A to this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">25.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Submission
to Jurisdiction; Waivers</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">12</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-style: italic; color: #000000">Jurisdiction</font><font style="color: #000000">.
THE PLEDGOR IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT
COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR
DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN
TORT OR OTHERWISE, AGAINST ANY SECURED PARTY OR ANY RELATED PARTY
OF ANY SECURED PARTY IN ANY WAY RELATING TO THIS AGREEMENT OR ANY
OTHER NOTE PURCHASE DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR
THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW
YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT
COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT
FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND
AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR
PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT
OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH
FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL
JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL BE
CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON
THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN
THIS AGREEMENT OR IN ANY OTHER NOTE PURCHASE DOCUMENT SHALL AFFECT
ANY RIGHT THAT ANY SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY
ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER NOTE
PURCHASE DOCUMENT AGAINST THE PLEDGOR OR ANY OTHER OBLIGOR OR ITS
PROPERTIES IN THE COURTS OF ANY JURISDICTION.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-style: italic; color: #000000">Waiver
of Venue</font><font style="color: #000000">. The Pledgor
irrevocably and unconditionally waives, to the fullest extent
permitted by applicable law, any objection that it may now or
hereafter have to the laying of venue of any action or proceeding
arising out of or relating to this Agreement in any court referred
to in paragraph (a) of this Section. Each of the parties hereto
hereby irrevocably waives, to the fullest extent permitted by
applicable law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such
court.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-style: italic; color: #000000">Service
of Process</font><font style="color: #000000">. The parties
irrevocably consent to service of process in the manner provided
for notices in Section 18. Nothing in this Agreement will affect
the right of any party hereto to serve process in any other manner
permitted by applicable law.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(d)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-style: italic; color: #000000">Waiver</font><font style="color: #000000">.
The Pledgor waives, to the maximum extent not prohibited by law,
any right it may have to claim or recover in any legal action or
proceeding referred to in this Section any special, exemplary
punitive or consequential damages.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">26.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Acknowledgments</font><font style="color: #000000">.
The Pledgor acknowledges that:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">it
has been advised by counsel in the negotiation, execution and
delivery of this Agreement;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 3px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">neither
the Agent nor any other Secured Party has any fiduciary
relationship with or duty to the Pledgor arising out of or in
connection with this Agreement or any of the other Note Purchase
Documents, and the relationship between Agent and other Secured
Parties, on one hand, and the Pledgor, on the other hand, in
connection herewith or therewith is solely that of debtor and
creditor; and</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">no
joint venture is created hereby or by the other Note Purchase
Documents or otherwise exists by virtue of the transactions
contemplated hereby among Secured Parties or among Pledgor and the
Secured Parties.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">27.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Governing
Law</font><font style="color: #000000">. THIS AGREEMENT AND THE
RIGHTS AND OBLIGATIONS HEREUNDER OF THE PLEDGOR, THE ISSUER AND THE
SECURED PARTIES AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF
ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON,
ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS
CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">13</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
28.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">WAIVER
OF JURY TRIAL</font><font style="color: #000000">. PLEDGOR WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
TRANSACTION CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR
ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY SECURED PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH SECURED PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT THE SECURED PARTIES HERETO HAVE
BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">29.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">INTEGRATION</font><font style="color: #000000">.
THIS WRITTEN AGREEMENT REPRESENTS THE FINAL AGREEMENT OF THE
PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF, AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT
ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO PROMISES,
UNDERTAKINGS, REPRESENTATIONS OR WARRANTIES BY THE AGENT OR ANY
OTHER SECURED PARTY RELATIVE TO THE SUBJECT MATTER HEREOF NOT
EXPRESSLY SET FORTH OR REFERRED TO HEREIN. THERE ARE NO UNWRITTEN
ORAL AGREEMENTS AMONG THE PARTIES.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">30.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Time
is of the Essence</font>. Time is of the essence of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">31.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Survival</font><font style="color: #000000">.
All covenants, agreements, representations and warranties made by
the Pledgor herein and in the certificates or other instruments
delivered in connection with or pursuant to this Agreement shall be
considered to have been relied upon by the Secured Parties and
shall survive the execution and delivery of this Agreement and the
making of the Loans, regardless of any investigation made by any
Secured Party or on its behalf and notwithstanding that any Secured
Party may have had notice or knowledge of any Default or incorrect
representation or warranty at the time any credit is extended
hereunder, and shall continue in full force and effect as long as
the principal of or any accrued interest on the Loans or any other
Guaranteed Obligations are outstanding and
unpaid.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
[Signature Page Follows]</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">14</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, each of the undersigned has caused this Agreement
to be duly executed and delivered as of the date first above
written.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<table cellpadding="0" cellspacing="0" style="margin-right:0px;width:100%;margin-left:0px;">
<tr style="">
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<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">ADDRESS FOR NOTICES
TO</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>&#xA0;</font></div>
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<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-family: Times New Roman; font-size: 13px">AEMETIS,
INC.</font></div>
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<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">

<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">
PLEDGOR</font>:</font><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</div>
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<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr style="">
<td style="vertical-align: top; width: 50%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">20400 Stevens Creek
Blvd, Suite 700</font><br></font></div>
</td>
<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid black; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px">Eric A.
McAfee</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr style="">
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Cupertino,
CA&#xA0;</font></font> <font style="font-family: Times New Roman; font-size: 13px">95014</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 35%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">Name: Eric A.
McAfee</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr style="">
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<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Attn: Chief
Executive Officer&#xA0;</font>&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
President and CEO</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
&#xA0;</font></div>
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<td style="width: 3%; vertical-align: top;">
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">AGENT</font>:</font></div>
</td>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
&#xA0;</font></div>
</td>
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<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">THIRD
EYE CAPITAL CORPORATION</font></div>
</td>
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<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">By:
<font style="text-decoration: underline">/s/ Arif N.
Bhalwani</font></font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">&#xA0;
<font style="text-decoration: underline"><br></font></font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr style="">
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">Name:
Arif N. Bhalwani</font>&#xA0; </font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">Title:
Managing Director</font>&#xA0;</font> &#xA0; </font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">[Signature
Page &#x2013; Pledge Agreement]</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
SCHEDULE I</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Issuer</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Issuer&#x2019;s Jurisdiction of Incorporation</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Class of Capital Stock</font></div>
</td>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Certificate No.</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Number of Shares Pledged by Pledgor</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Percentage of Outstanding Shares held by Pledgor that are
Pledged</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">Goodland Advanced
Fuels, Inc.**</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">Delaware</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">Common</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">CS-1</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">1,000</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">100%</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
** Pledge of Goodland Advanced Fuels, Inc. Capital Stock to be
effective upon the exercise of the Aemetis Option.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Exhibit A</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ACKNOWLEDGEMENT AND CONSENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The undersigned hereby acknowledges receipt of a
copy of the Pledge Agreement, dated June__, 2017 (</font>as
amended, varied, supplemented, restated, renewed or replaced at any
time and from time to time, <font style="color: #000000">the
&#x201C;</font><font style="text-decoration: underline; color: #000000">Pledge
Agreement</font><font style="color: #000000">&#x201D;), made by
AEMETIS, INC. for the benefit of Third Eye Capital Corporation, as
Agent. The undersigned agrees for the benefit of the Agent and the
other Secured Parties as follows:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
undersigned (a) consents to the Pledge Agreement and the
transactions contemplated thereby, including the pledge and grant
of a security interest in all of the Collateral thereunder, and (b)
agrees to be bound by the terms of the Pledge Agreement and agrees
that the undersigned will comply with such terms insofar as such
terms are applicable to the undersigned.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
undersigned will notify the Agent promptly in writing of the
occurrence of any of the events described in Section 7(a)(ii) of
the Pledge Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">3.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
terms of Section 24 of the Pledge Agreement shall apply to it,
mutatis mutandis, with respect to all actions that may be required
of it under or pursuant to or arising out of Section 24 of the
Pledge Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">GOODLAND ADVANCED
FUELS, INC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 285px">
<div style="display: table-row">
<div style="display: table-cell; width: 339px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Name:</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Title:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">[Acknowledgement
and Consent &#x2013; Pledge Agreement]</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>8
<FILENAME>amtx_ex107.htm
<DESCRIPTION>FORM OF INTERCOMPANY REVOLVING PROMISSORY NOTE
<TEXT>
<html>
<head>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit 10.7</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
INTERCOMPANY REVOLVING PROMISSORY NOTE</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">June
__, 2017</font></div>
</td>
<td style="vertical-align: top; width: 25%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$[TBD]</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">FOR
VALUE RECEIVED, and subject to the terms and conditions set forth
herein, Aemetis, Inc., a Delaware corporation (the
&#x201C;<font style="text-decoration: underline; color: #000000">Borrower</font>&#x201D;),
hereby unconditionally promises to pay to the order of Goodland
Advanced Fuels, Inc., a Delaware corporation, or its assigns (the
&#x201C;<font style="text-decoration: underline; color: #000000">Holder</font>&#x201D;,
and together with the Borrower, the &#x201C;<font style="text-decoration: underline; color: #000000">Parties</font>&#x201D;),
the principal amount of <font style="font-weight: bold">[Ten
Million Dollars]</font> ($<font style="font-weight: bold">[10,000,000]</font>) (the &#x201C;<font style="text-decoration: underline; color: #000000">Loan</font>&#x201D;)
or, if less, then the aggregate of such amounts the Holder has
disbursed to the Borrower pursuant to <font style="text-decoration: underline">Section</font><font style="font-weight: bold; text-decoration: underline">&#xA0;</font><font style="text-decoration: underline">2.2</font>,
together with all accrued interest thereon, as provided in this
Intercompany Revolving Promissory Note (the &#x201C;<font style="text-decoration: underline; color: #000000">Note</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">1.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Definitions</font>. Capitalized terms
used herein shall have the meanings set forth in this <font style="text-decoration: underline">Section 1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Advance</font>&#x201D;&#xA0;means
each disbursement made by the Holder to the Borrower pursuant to
<font style="text-decoration: underline">Section
2.2</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Borrowing
Notice</font>&#x201D;&#xA0;has the meaning set forth in <font style="text-decoration: underline">Section 2.2</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Business
Day</font>&#x201D;&#xA0;means a day other than a Saturday, Sunday or
other day on which commercial banks in New York, New York are
authorized or required by law to close.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Commitment
Period</font>&#x201D;&#xA0;means the period from the date hereof to
the earlier of (a) the Maturity Date, (b) the date, if any, on
which the Noteholders have no further obligation to make loans
under the Note Purchase Agreement or (c) the date of termination in
whole of the Revolving Line Commitment (as defined in the Note
Purchase Agreement) pursuant to the terms of the Note Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Debt</font>&#x201D;&#xA0;of
the Borrower, means all (a) indebtedness for borrowed money; (b)
obligations secured by a Lien on property (to the extent of the
fair market value of the related property), whether or not the
obligation secured thereby shall have been assumed and whether or
not the obligation secured is the obligation of the owner or
another party, except trade accounts payable arising in the
ordinary course of business secured by a purchase money security
interest (c) any obligation on account of deposits or advances, (d)
obligations for the deferred purchase price of property or
services, except trade payables arising in the ordinary course of
business; (e) obligations evidenced by notes, bonds, debentures or
other similar instruments; (f) obligations as lessee under capital
leases; (g) obligations in respect of any interest rate swaps,
currency exchange agreements, commodity swaps, caps, collar
agreements or similar arrangements entered into by the Borrower
providing for protection against fluctuations in interest rates,
currency exchange rates or commodity prices or the exchange of
nominal interest obligations, either generally or under specific
contingencies; (h) obligations under acceptance facilities and
letters of credit; (i) guaranties, endorsements (other than for
collection or deposit in the ordinary course of business), and
other contingent obligations to purchase, to provide funds for
payment, to supply funds to invest in any Person, or otherwise to
assure a creditor against loss, in each case, in respect of
indebtedness set out in clauses (a) through (h) of a Person other
than the Borrower; and (j) indebtedness set out in clauses (a)
through (i) of any Person other than Borrower secured by any lien
on any asset of the Borrower, whether or not such indebtedness has
been assumed by the Borrower.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-1-</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Default</font>&#x201D;&#xA0;means
any of the events specified in <font style="text-decoration: underline">Section 8</font> which constitutes an
Event of Default or which, upon the giving of notice, the lapse of
time, or both pursuant to <font style="text-decoration: underline">Section 8</font> would, unless cured
or waived, become an Event of Default.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Default Rate</font>&#x201D; means a
rate of interest per annum equal to the Interest Rate plus six
percent (6%) per annum.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Event of
Default</font>&#x201D;&#xA0;has the meaning set forth in
<font style="text-decoration: underline">Section
8</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">GAAP</font>&#x201D;&#xA0;means
generally accepted accounting principles in the United States of
America as in effect from time to time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Interest Rate</font>&#x201D; for each
Advance shall be equal to the interest rate payable as of the date
of such Advance to the Noteholders pursuant to the Note Purchase
Agreement or, if the Note Purchase Agreement shall not be in
effect, a rate of interest per annum equal to twelve percent
(12%).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Lien</font>&#x201D;&#xA0;means
any mortgage, pledge, hypothecation, encumbrance, lien (statutory
or other), charge or other security interest.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Loan</font>&#x201D;&#xA0;has
the meaning set forth in the introductory paragraph.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Material Adverse
Effect</font>&#x201D;&#xA0;means any condition or circumstance which
has had, or could reasonably be expected to have, a material
adverse effect on (i) the property, nature of assets, business,
results of operations, prospects, performance, liabilities or
condition (financial or otherwise) of the Borrower; (ii) the rights
or remedies of the Holder hereunder, (iii) the ability of the
Borrower to perform its obligations hereunder or otherwise in
connection with the Loan, or (v) the validity or enforceability of
any of this Note.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Maturity
Date</font>&#x201D;&#xA0;means the Maturity Date (as such term is
defined in the Note Purchase Agreement).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Note Purchase Agreement</font>&#x201D;
means that certain Note Purchase Agreement (including all exhibits
and schedules hereto, as the same may be amended, supplemented,
modified and/or restated from time to time entered into as of June
__, 2017, by and among the Holder, as borrower, the noteholders
party thereto or which thereafter become parties thereto by means
of assignment and assumption as described therein (the
&#x201C;<font style="text-decoration: underline">Noteholders</font>&#x201D;), and Third
Eye Capital Corporation, as administrative agent and collateral
agent for the Noteholders (the &#x201C;<font style="text-decoration: underline">Agent</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Outstanding Amount</font>&#x201D; means
the sum of the outstanding principal amount of the Revolving
Advances,<font style="font-size: 13px">&#xA0;</font>the unpaid
interest thereon, and all other Note Indebtedness relating to the
Revolving Line under the Note Purchase Agreement. All defined terms
used in this definition of &#x201C;Outstanding Amounts&#x201D; shall
have the meaning ascribed thereto under the Note Purchase
Agreement.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Parties</font>&#x201D;&#xA0;has
the meaning set forth in the introductory paragraph.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline; color: #000000">Person</font>&#x201D;&#xA0;means
any individual, corporation, limited liability company, trust,
joint venture, association, company, limited or general
partnership, unincorporated organization, governmental authority or
other entity.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">2.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Loan Disbursement
Mechanics</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">2.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Commitment</font>. Subject to
<font style="text-decoration: underline">Section 2.2</font>, the
Holder shall make available to the Borrower one or more Advances
during the Commitment Period in an aggregate amount not to exceed
the Loan less the Outstanding Amount. During the Commitment Period
the Borrower may repay and reborrow in accordance with the
provisions hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">2.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Advances</font>. As a condition to the
disbursement of any Advance, the Borrower shall, at least seven (7)
Business Days prior to the requested disbursement date, deliver to
the Holder and to Agent a written notice (the &#x201C;<font style="text-decoration: underline; color: #000000">Borrowing
Notice</font>&#x201D;) in substantially in the form set out in
<font style="text-decoration: underline">Schedule A</font> hereto
setting out (a) that no Default has occurred and is continuing; (b)
the amount of the Advance and a description of how the Advance will
be used by the Borrower; and (c) the date on which the Advance is
to be disbursed. Each Borrowing Notice shall be deemed to repeat
the Borrower's representations and warranties in <font style="text-decoration: underline">Section 6</font> as of the date of
such Borrowing Notice. Upon receipt of the Borrowing Notice, the
Holder may, but is under no obligation to, make available to the
Borrower on the disbursement date the amount set out in the notice
in immediately available funds.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">3.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Final Payment Date; Optional
Prepayments</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">3.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Final Payment Date</font>. The
aggregate unpaid principal amount of the Loan, all accrued unpaid
interest and all other amounts payable under this Note shall be due
and payable on the Maturity Date, unless otherwise provided in
<font style="text-decoration: underline">Section
9</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">3.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Optional Prepayment</font>. The
Borrower may prepay the Loan in whole or in part at any time or
from time to time without penalty or premium by paying the
principal amount to be prepaid together with accrued interest
thereon to the date of prepayment. Subject to the other terms and
conditions hereof, amounts borrowed may be repaid and reborrowed
from time to time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">4.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Interest</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">4.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Interest Rate</font>. The outstanding
principal of the Advances made hereunder (including, to the extent
permitted by law, on interest thereon not paid when due) shall from
the date made or incurred until indefeasibly paid in full in cash
shall bear interest at a per annum rate equal to the Interest Rate,
but not to exceed the maximum rate described in <font style="text-decoration: underline">Section 4.4</font>
hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">4.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Default
Rate</font><font style="color: #000000">. If an Event of Default
shall have occurred and be continuing, all outstanding principal of
and, to the fullest extent permitted by law, all past due interest
on the Advances shall bear interest at a rate per annum equal to
the Default Rate. Interest payable at the Default Rate shall be
payable from time to time on demand.</font></font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">4.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Interest Payment
Dates</font><font style="color: #000000">. Interest on the</font>
Advances <font style="color: #000000">shall be payable on the
outstanding principal of the Advances in arrears for the preceding
calendar month on the first Business Day of each calendar month,
commencing on first Business Day of the calendar month following
the disbursement of an Advance under</font> <font style="text-decoration: underline; color: #000000">Section 2.2</font>
<font style="color: #000000">hereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">4.4</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Interest Rate Limitation</font>. If at
any time and for any reason whatsoever, the interest rate payable
on any Advance shall exceed the maximum rate of interest permitted
to be charged by the Holder to the Borrower under applicable law,
such interest rate shall be reduced automatically to the maximum
rate of interest permitted to be charged under applicable
law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">5.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Payment Mechanics</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">5.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Manner of Payments</font>. All
payments of interest and principal shall be made in lawful money of
the United States of America no later than 3:00 PM Pacific Time on
the date on which such payment is due by wire transfer of
immediately available funds to the Holder's account at a bank
specified by the Holder in writing to the Borrower from time to
time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">5.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Application of Payments</font>. All
payments made hereunder shall be applied first to the payment of
any fees or charges outstanding hereunder, second to accrued
interest, and third to the payment of the principal amount
outstanding under the Note.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">5.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Business Day Convention</font>.
Whenever any payment to be made hereunder shall be due on a day
that is not a Business Day, such payment shall be made on the next
succeeding Business Day and such extension will be taken into
account in calculating the amount of interest payable under this
Note.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">5.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Evidence of Debt</font>. The Holder is
authorized to record on its books and records each Advance made to
the Borrower and each payment or prepayment thereof. The entries
made by the Holder shall, to the extent permitted by applicable
law, be prima facie evidence of the existence and amounts of the
obligations of the Borrower therein recorded; <font style="font-style: italic">provided, however, that</font> the failure of
the Holder to record such payments or prepayments, or any
inaccuracy therein, shall not in any manner affect the obligation
of the Borrower to repay (with applicable interest) the Advances in
accordance with the terms of this Note.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">5.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Rescission of Payments</font>. If at
any time any payment made by the Borrower under this Note is
rescinded or must otherwise be restored or returned upon the
insolvency, bankruptcy or reorganization of the Borrower or
otherwise, the Borrower's obligation to make such payment shall be
reinstated as though such payment had not been made.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">6.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Representations and Warranties</font>.
The Borrower hereby represents and warrants to the Holder on the
date hereof as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">6.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Existence; Compliance With
Laws</font>. The Borrower is (a) a company duly formed, validly
existing and in good standing under the laws of the State of
Delaware and has the requisite power and authority, and the legal
right, to own, lease and operate its properties and assets and to
conduct its business as it is now being conducted and (b) in
compliance with all laws.</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-4-</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">6.2</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Power and Authority</font>. The
Borrower has the power and authority, and the legal right, to
execute and deliver this Note and to perform its obligations
hereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">6.3</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Authorization; Execution and
Delivery</font>. The execution and delivery of this Note by the
Borrower and the performance of its obligations hereunder have been
duly authorized by all necessary corporate action in accordance
with all applicable laws. The Borrower has duly executed and
delivered this Note.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">6.4</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">No Approvals</font>. No consent or
authorization of, filing with, notice to or other act by, or in
respect of, any governmental authority or any other Person is
required in order for the Borrower to execute, deliver, or perform
any of its obligations under this Note.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">6.5</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">No Violations</font>. The execution
and delivery of this Note and the consummation by the Borrower of
the transactions contemplated hereby do not and will not (a)
violate any provision of the Borrower's organizational documents;
(b) violate any law applicable to the Borrower or by which any of
its properties or assets may be bound; or (c) constitute a default
under any material agreement or contract by which the Borrower may
be bound.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">6.6</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Enforceability</font>. The Note is a
valid, legal and binding obligation of the Borrower, enforceable
against the Borrower in accordance with its terms.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">6.7</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">No Litigation</font>. No action, suit,
litigation, investigation or proceeding of, or before, any
arbitrator or governmental authority is pending or threatened by or
against the Borrower or any of its property or assets (a) with
respect to the Note or any of the transactions contemplated hereby
or (b) that would be expected to materially adversely affect the
Borrower's financial condition or the ability of the Borrower to
perform its obligations under the Note.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">7.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Affirmative Covenants</font>. Until
all amounts outstanding in this Note have been paid in full, the
Borrower shall:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">7.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Maintenance of Existence</font>. (a)
Preserve, renew and maintain in full force and effect its corporate
or organizational existence and (b) take all reasonable action to
maintain all rights, privileges and franchises necessary or
desirable in the normal conduct of its business, except, in each
case, where the failure to do so would not reasonably be expected
to have a Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">7.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Compliance</font>. Comply with (a) all
of the terms and provisions of its organizational documents; (b)
its obligations under its material contracts and agreements; and
(c) all laws applicable to it and its business, in each case,
except where the failure to do so would not reasonably be expected
to have a Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">7.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Payment Obligations</font>. Pay,
discharge or otherwise satisfy at or before maturity or before they
become delinquent, as the case may be, all its material obligations
of whatever nature, except where the amount or validity thereof is
currently being contested in good faith by appropriate proceedings,
and reserves in conformity with GAAP with respect thereto have been
provided on its books.</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">7.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Notice of Events of Default</font>. As
soon as possible and in any event within two (2) Business Days
after it becomes aware that a Default or an Event of Default has
occurred, notify the Holder in writing of the nature and extent of
such Default or Event of Default and the action, if any, it has
taken or proposes to take with respect to such Default or Event of
Default.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">7.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Further Assurances</font>. Upon the
request of the Holder, promptly execute and deliver such further
instruments and do or cause to be done such further acts as may be
necessary or advisable to carry out the intent and purposes of this
Note.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">8.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Events of Default</font>. The
occurrence and continuance of any of the following shall constitute
an Event of Default hereunder:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">8.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Failure to Pay</font>. The Borrower
fails to pay any principal amount of the Loan when due or interest
or any other amount when due.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">8.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Breach of Representations and
Warranties</font>. Any representation or warranty made or deemed
made by the Borrower to the Holder herein is incorrect in any
material respect on the date as of which such representation or
warranty was made or deemed made.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">8.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Breach of Covenants</font>. The
Borrower fails to observe or perform any covenant, condition or
agreement contained in this Note other than those specified in
<font style="text-decoration: underline">Section 8.1</font> and
such failure continues for 10 days.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">8.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Cross-Defaults</font>. The Borrower
fails to pay when due any of its Debt in excess of $100,000 at any
time outstanding (other than Debt arising under this Note) or any
interest or premium thereon when due (whether by scheduled
maturity, acceleration, demand or otherwise) and such failure
continues after the applicable grace period, if any, specified in
the agreement or instrument relating to such Debt.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">8.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Bankruptcy</font>. &#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 60px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Borrower
commences any case, proceeding or other action (i) under any
existing or future law relating to bankruptcy, insolvency,
reorganization, or other relief of debtors, seeking to have an
order for relief entered with respect to it, or seeking to
adjudicate it as bankrupt or insolvent, or seeking reorganization,
arrangement, adjustment, winding-up, liquidation, dissolution,
composition or other relief with respect to it or its debts or (ii)
seeking appointment of a receiver, trustee, custodian, conservator
or other similar official for it or for all or any substantial part
of its assets, or the Borrower makes a general assignment for the
benefit of its creditors;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 60px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">there is commenced
against the Borrower any case, proceeding or other action of a
nature referred to in <font style="text-decoration: underline">Section 8.5(a)</font> above which (i)
results in the entry of an order for relief or any such
adjudication or appointment or (ii) remains undismissed,
undischarged or unbonded for a period of 90 days;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 60px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">there is commenced
against the Borrower any case, proceeding or other action seeking
issuance of a warrant of attachment, execution or similar process
against all or any substantial part of its assets which results in
the entry of an order for any such relief which has not been
vacated, discharged, or stayed or bonded pending appeal within 90
days from the entry thereof;</font></div>
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<div style="margin-left: 0px; text-indent: 60px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Borrower takes
any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any of the acts set forth in
<font style="text-decoration: underline">Section 8.5(a)</font>,
<font style="text-decoration: underline">Section 8.5(b)</font> or
<font style="text-decoration: underline">Section 8.5(c)</font>
above; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 60px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Borrower is
generally not, or shall be unable to, or admits in writing its
inability to, pay its debts as they become due.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">8.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Judgments</font>. One or more
judgments for an amount in excess of $100,000 at any time or
decrees shall be entered against the Borrower and all of such
judgments or decrees shall not have been vacated, discharged,
stayed or bonded pending appeal within ninety (90) days from the
entry thereof. Notwithstanding the foregoing, the outstanding
judgment against Borrower resulting from the case by Cordillera
Fund and The Industrial Company shall not result in an Event of
Default.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">9.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Remedies</font>. Upon the occurrence
of any Event of Default and at any time thereafter during the
continuance of such Event of Default, the Holder may at its option,
by written notice to the Borrower (a) terminate its commitment to
make any Advances hereunder; (b) declare the entire principal
amount of this Note, together with all accrued interest thereon and
all other amounts payable hereunder, immediately due and payable;
and/or (c) exercise any or all of its rights, powers or remedies
under applicable law; <font style="font-style: italic">provided,
however</font> that, if an Event of Default described in
<font style="text-decoration: underline">Section 8.5</font> shall
occur, the principal of and accrued interest on the Loan shall
become immediately due and payable without any notice, declaration
or other act on the part of the Holder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">10.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Miscellaneous</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Governing
Law</font>. This Note and any claim, controversy, dispute or cause
of action (whether in contract or tort or otherwise) based upon,
arising out of or relating to this Note, and the transactions
contemplated hereby shall be governed by the laws of the State of
New York.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Submission
to Jurisdiction</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 60px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Borrower hereby
irrevocably and unconditionally (i) agrees that any legal action,
suit or proceeding arising out of or relating to this Note may be
brought in the courts of the State of New York or of the United
States of America for the Southern District of New York and (ii)
submits to the jurisdiction of any such court in any such action,
suit or proceeding. Final judgment against the Borrower in any
action, suit or proceeding shall be conclusive and may be enforced
in any other jurisdiction by suit on the judgment.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 60px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Nothing in this
<font style="text-decoration: underline">Section
10.2</font><font style="font-weight: bold">&#xA0;</font>shall
affect the right of the Holder to (i) commence legal proceedings or
otherwise sue the Borrower in any other court having jurisdiction
over the Borrower or (ii) serve process upon the Borrower in any
manner authorized by the laws of any such
jurisdiction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Venue</font>.
The Borrower irrevocably and unconditionally waives, to the fullest
extent permitted by applicable law, any objection that it may now
or hereafter have to the laying of venue of any action or
proceeding arising out of or relating to this Note in any court
referred to in <font style="text-decoration: underline">Section
10.2(a)</font> and the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such
court.</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.4</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Waiver of Jury Trial</font>. THE
BORROWER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY
LEGAL PROCEEDING DIRECTLY OR INDIRECTLY RELATING TO THIS NOTE OR
THE TRANSACTIONS CONTEMPLATED HEREBY WHETHER BASED ON CONTRACT,
TORT OR ANY OTHER THEORY.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.5</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Counterparts; Integration;
Effectiveness</font>. This Note and any amendments, waivers,
consents or supplements hereto may be executed in counterparts,
each of which shall constitute an original, but all taken together
shall constitute a single contract. This Note constitutes the
entire contract between the Parties with respect to the subject
matter hereof and supersede all previous agreements and
understandings, oral or written, with respect thereto. Delivery of
an executed counterpart of a signature page to this Note by
facsimile or in electronic (i.e., &#x201C;pdf&#x201D; or
&#x201C;tif&#x201D;) format shall be effective as delivery of a
manually executed counterpart of this Note.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.6</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Successors and Assigns</font>. This
Note may be assigned or transferred by the Holder to any Person.
The Borrower may not assign or transfer this Note or any of its
rights hereunder without the prior written consent of the Holder.
This Note shall inure to the benefit of, and be binding upon, the
Parties and their permitted assigns.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.7</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Waiver of Notice</font>. The Borrower
hereby waives demand for payment, presentment for payment, protest,
notice of payment, notice of dishonor, notice of nonpayment, notice
of acceleration of maturity and diligence in taking any action to
collect sums owing hereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.8</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Amendments and Waivers</font>. No term
of this Note may be waived, modified or amended except by an
instrument in writing signed by both of the parties hereto. Any
waiver of the terms hereof shall be effective only in the specific
instance and for the specific purpose given.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.9</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Headings</font>. The headings of the
various Sections and subsections herein are for reference only and
shall not define, modify, expand or limit any of the terms or
provisions hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.10</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">No Waiver; Cumulative Remedies</font>.
No failure to exercise and no delay in exercising on the part of
the Holder, of any right, remedy, power or privilege hereunder
shall operate as a waiver thereof; nor shall any single or partial
exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of
any other right, remedy, power or privilege. The rights, remedies,
powers and privileges herein provided are cumulative and not
exclusive of any rights, remedies, powers and privileges provided
by law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.11</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Severability</font>. If any term or
provision of this Note is invalid, illegal or unenforceable in any
jurisdiction, such invalidity, illegality or unenforceability shall
not affect any other term or provision of this Note or invalidate
or render unenforceable such term or provision in any other
jurisdiction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 24px"><font style="font-family: Times New Roman; font-size: 13px">10.12</font>
<font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Agent Rights</font>. This Note is a
Revolving Intercompany Note referred to in the Note Purchase
Agreement, and, constitutes a Pledged Note (as defined in the
General Security Agreement) of the Holder. The Holder and the
Borrower hereunder hereby acknowledge and agree that the Agent, for
the benefit of the Noteholders, may exercise all rights provided in
the Note Purchase Agreement and the General Security Agreement with
respect to this Note.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">[SIGNATURE
PAGE FOLLOWS]</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the Parties have executed this Note as of the date
first set forth above.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
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<tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">BORROWER</font><font style="color: #000000">:</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">[AEMETIS
ADVANCED PRODUCTS KEYES, INC./ AEMETIS, INC.]</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">By:
______________________</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Name:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Title:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 49%">
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
HOLDER:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">GOODLAND
ADVANCED FUELS, INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">By:
______________________</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Name:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Title:</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-9-</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Schedule A</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #000000; font-family: Times New Roman; font-size: 13px">
Form of Borrowing Notice</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
TO:</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">GOODLAND
ADVANCED FUELS, INC.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">This Borrowing Notice is delivered to you pursuant
to the Intercompany Revolving Promissory Note, dated as of [__],
2017 (as amended, varied, supplemented, restated, renewed or
replaced at any time and from time to time, the
&#x201C;</font><font style="text-decoration: underline; color: #000000">Note</font><font style="color: #000000">&#x201D;),
entered into between</font> <font style="font-weight: bold; color: #000000">AEMETIS, INC./AEMETIS ADVANCED
PRODUCTS KEYES, INC.</font> <font style="color: #000000">(the
&#x201C;</font><font style="font-weight: bold; color: #000000">Borrower</font><font style="color: #000000">&#x201D;)</font><font style="font-weight: bold; color: #000000">, and</font> <font style="font-weight: bold">GOODLAND</font> <font style="font-weight: bold; color: #000000">ADVANCED FUELS, INC.</font>
<font style="color: #000000">(the &#x201C;</font><font style="font-weight: bold; color: #000000">Holder</font><font style="color: #000000">&#x201D;).</font></font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Borrower hereby irrevocably requests an Advance in accordance with
the applicable terms and conditions of the Note, as
follows:</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">Proposed disbursement date (which
shall be a business day):</font><font style="color: #000000">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;
&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#x25CF;</font></font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">Aggregate
principal amount of
Advance:</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">$</font><font style="color: #000000">&#x25CF;</font></font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="color: #000000">The
proceeds of the Advance will be used
for:</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="color: #000000">&#x25CF;</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">3.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">All
of the representations and warranties of the Borrower contained in
the Note are true and correct on and as of the date hereof as
though made on and as of the date hereof (and will be true and
correct on and as of the proposed disbursement date specified above
as though made on and as of such date), in any such case, except to
the extent any such representations and warranties specifically
refer to an earlier date, in which case they are true and correct
as of such earlier date.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">4.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">All
of the covenants of the Borrower contained in the Note have been
performed, and all of the other conditions precedent to the Advance
requested hereby and all other terms and conditions contained in
the Note to be complied with by the Borrower have been fully
met.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">5.</font>&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Default has occurred and is continuing nor will any Default occur
as a result of the Advance being requested or the application of
proceeds thereof.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Dated this</font> <font style="color: #000000">&#x25CF;</font>
<font style="color: #000000">day of</font><font style="color: #000000">&#x25CF;</font> <font style="color: #000000">201</font><font style="color: #000000">&#x25CF;</font><font style="color: #000000">.</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right">
<table cellpadding="0" cellspacing="0" style="text-align: right; width: 40%; font-family: Times New Roman; font-size: 13px; margin: 0px 0px 0px auto;">
<tr>
<td colspan="2" style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 12px; margin-right: 4px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
AEMETIS, INC./AEMETIS ADVANCED PRODUCTS KEYES, INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div style="text-align: left; margin-left: 0px; margin-right: 4px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;&#xA0;&#xA0;&#xA0;By:</font></div>
</td>
<td style="vertical-align: top; width: 97%; border-bottom: 2px solid #000000">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 97%">
<div style="text-align: left; margin-left: 0px; margin-right: 4px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Name:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 4px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Title:</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-10-</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ALLONGE TO INTERCOMPANY REVOLVING PROMISSORY NOTE</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Allonge
to Intercompany Revolving Promissory Note dated as of June __, 2017
made by</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Aemetis,
Inc./Aemetis Advanced Products Keyes, Inc. in favor of Goodland
Advanced Fuels Goodland, Inc., in the original principal amount of
$10,000,000.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ENDORSEMENT</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
endorsement is delivered in connection with the Note Purchase
Agreement dated June __, 2017 among Goodland Advanced Fuels, Inc.,
the noteholders listed on the signature pages thereto or which
thereafter become parties thereto by means of assignment and
assumption as described therein, and Third Eye Capital Corporation,
as administrative agent and collateral agent for the noteholders
(as amended, restated, supplemented or otherwise modified from time
to time) and the other documents related thereto.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pay to
the order of _______________________________.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Dated:
___________________</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 288px">
<font style="font-family: Times New Roman; font-size: 13px">GOODLAND ADVANCED
FUELS, INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 288px">
<font style="font-family: Times New Roman; font-size: 13px">By:_______________________</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 22px; text-indent: 288px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Name:</font></div>
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