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These excerpts taken from the PEIX 8-K filed May 19, 2008. Tangible
Effective Net Worth. Borrower shall not permit Tangible
Effective Net Worth to be less than the sum of Two Million Nine Hundred Thousand
and 00/100 Dollars ($2,900,000.00).
Tangible
Effective Net Worth. Borrower shall not permit Tangible Effective Net
Worth to be less than the sum of Twelve Million and 00/100 Dollars
($12,000,000.00).
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