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<br /> 'PHIS D1iBD OS '1'At18T BNAGG 9�CURE THE POLGOWItJO
<br /> INDEB`YEDNL'88 AND OBI,IOATIONSc
<br /> (i) Paymont oE i.ndebtedn sa evidenoed by Chosa
<br /> certain Notos dated November��, 1997. by ChieE F.'thanoi . _
<br /> Suels, Ino. ("ChieE Bthanol") in £avor oE I,ende�:s in ehe
<br /> aggregate prinoipal amount of x20 million and all
<br /> reglaaements, renewals, amenclments, extonsions,
<br /> svbs�itvtions and. xodifications thereof, as proeidod Eor
<br /> fn ti�.� Loaea Rgre¢msne;
<br /> �+��.;-:.:� _.
<br /> (i#) Payux�3nr. of indebte�3n ss evid¢ztccd My tRose ��'�f'r�
<br /> certain Notos ia2�d Novembar �, 19s2 by IIorr.n�r fa ��„�r:'
<br /> favor off L�ndars in th� aggre nte prinaipal amount ot R$`ZS���,= �:
<br /> ,�r�:'�,,..:,�
<br /> �15 million, e�nd all rapl�,cementa, rFn�wais, amendments, v,;fr;•�.-.;:.�:t_:
<br /> extenaions, eubstztutiona und modifications thereof, t�a f�y�a�t�,F ='
<br /> provided for in tho Loan Agreement; ���f,��,,,-,,,__'
<br /> �$s�;
<br /> (111) Paymont of all indebtedness and performance of ,- ,
<br /> all obligationa and covonants o£ Aocrower under thaC �U,�'),��t_
<br /> oextain Aasiqnment of Rents and I,eases between Lenders `� '
<br /> and Horrower daeed as of even date herewith (the srf�`{'s� , -
<br /> "Asai nment o£ Renta and Geases"), and eaah a reement oE '{ ' �
<br /> 9 9 {,,k�;:,,,.,,..,.�._:
<br /> 13orrower incorporaCed by reEerence therein or herein, or �:�f�;;�:,";�;-
<br /> contained therein or herein; t. � h
<br /> ,'��1:F, � F :
<br /> '3'3� �.�°:
<br /> (iv) Paymen� of all indebtednese and performanae of ��,,��n�,,,
<br /> all obligations and oovenants of Chief Ethanoi under (a) ?6sr.,;Fiz,�s4,..�.
<br /> tftat aertain veed oi Truec and seourity Agreement by and �.r( J1rx •
<br /> among Chief Sthenol, as borrower, Londers and Che �Fiyr�°i�,� sF :;
<br /> trustee named thezein (the "Chief Ethanol Doed of �fyfr,,.,;�,�_
<br /> Truet"), and (b) that aertain Aseignmant of Rents and �`_�:?zkj_;::��.::;.
<br />. Leasea 'veEwaen Chie£ Ethanol and I,endess dated as oE t"�E ``J��
<br /> even date herewith (the "Chief �thanol Assignmene of
<br /> Rents and Leasos"), and oaah agreemenY. of Chief Ethanol ����� ,�„�,.
<br />� incocgoiated by reEerence therei.n or heroin, or ':,,s„u5,�.,.,'=
<br /> contaf.ned therein or herein; ''°�\�`s''�`'�`;F��:
<br />- �:i;,:t';�r,L::h:,.,>
<br /> ,u•.;��r,�,.-,:
<br />� (vy Payment of all indebtednoae azxcl per£ormance of ��-�,���{'�.;��_•:
<br /> �i��=Y �f s,,° .
<br />- aZl ahligatione and covenanCS of Doxroc�er under that t_,�- �. �
<br /> certain Ur��imited ouaranty of Borrower dated ,�''�,'��J t,�, .
<br />. Novembar 9. 1992 in favor of Lenders, and all M � ,
<br /> replact�n:�ts, ronewals, amendmente, extensionn, 1'�7+�_`-. �a .
<br /> subs�itutions and modificatlons theroof (the �"•`�t'sh�=-•'
<br />_ "Quaranty"), as provicled in the Loan Ac�roemont; ��!���.�����";'=:
<br /> 'd'.5'i`;;�:v.l��.�
<br /> I l�< <�
<br /> (vi) Paymant oE all of the principal of and , -a. rx �.
<br />- interost on any future advances under L•he Loan Documenta i=..,a.�.,j7`�-A'`
<br /> (as defined in the Loan AgroemenC) , and all aums t�:�i�s'
<br />_ advanced by Lenders to protact tho MoxL•gaqod �etato (as ��,,,-:,_ ,.
<br /> , � r ��
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