Bill of Sale between B&A Eco-Holdings, Inc. and Penn Octane Corporation for Equipment Transfer

Summary

B&A Eco-Holdings, Inc. is selling and transferring certain equipment, as listed in an attached schedule, to Penn Octane Corporation. The sale is made under the terms of a prior Equipment Acquisition Agreement dated October 18, 2002. The seller guarantees that the equipment is in good working condition and free from any liens or claims. The agreement is effective as of October 18, 2002, and is formally executed by authorized representatives of both companies.

EX-10.07 6 doc5.txt EXHIBIT 10.07 BILL OF SALE For good and valuable consideration, B&A ECO-HOLDINGS, INC., a Delaware corporation, ("Seller") hereby sells and transfers to PENN OCTANE CORPORATION, a Delaware corporation, ("Buyer") the equipment set forth on the attached SCHEDULE I, which is incorporated herein by this reference, on the terms and conditions of that Equipment Acquisition Agreement dated October 18, 2002. Seller hereby warrants and represents that the Equipment is in good and working condition and free of any and all encumbrances and liens. IN WITNESS WHEREOF, Seller have caused this Bill of Sale to be executed and delivered to Buyer effective the 18th day of October, 2002. PENN OCTANE CORPORATION, INC., B&A ECO-HOLDINGS, INC. a Delaware corporation a Delaware corporation By:/s/ Jerome Richter By:/s/ Ian T. Bothwell -------------------- ---------------------- Jerome Richter, President Ian T. Bothwell, Chief Executive Officer By:/s/ Ian T. Bothwell By:__________________________________ ---------------------- Ian T. Bothwell, Vice President Print Name:__________________________ Title:_______________________________ ACKNOWLEDGEMENTS STATE OF CALIFORNIA ) County of _______________ ) On ____________, 2002, before me, ________________________, personally appeared ____________________ ____________________________, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, that by his signature on the instrument he, or the entity upon behalf of which the he acted, executed the instrument. WITNESS MY HAND AND OFFICIAL SEAL. _____________________________ STATE OF CALIFORNIA ) County of _______________ ) On ____________, 2002, before me, ________________________, personally appeared ____________________ ____________________________, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, that by his signature on the instrument he, or the entity upon behalf of which the he acted, executed the instrument. WITNESS MY HAND AND OFFICIAL SEAL. _____________________________ STATE OF CALIFORNIA ) County of _______________ ) On ____________, 2002, before me, ________________________, personally appeared ____________________ ____________________________, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, that by his signature on the instrument he, or the entity upon behalf of which the he acted, executed the instrument. WITNESS MY HAND AND OFFICIAL SEAL. _____________________________ STATE OF CALIFORNIA ) County of _______________ ) On ____________, 2002, before me, ________________________, personally appeared ____________________ ____________________________, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, that by his signature on the instrument he, or the entity upon behalf of which the he acted, executed the instrument. WITNESS MY HAND AND OFFICIAL SEAL. _____________________________