ACCESSITY SHARE EXCHANGE

ACCESSITY SHARE EXCHANGE. Means the proposed share exchange transaction among Accessity Corp., the Company, Kinergy Marketing, LLC and ReEnergy, LLC as described in that certain Share Exchange Agreement dated as of May 14, 2004, as amended on July 30, 2004, October 1, 2004, January 7, 2005, February 16, 2005 and March 3, 2005 and as may be amended from time to time thereafter.

ACCESSITY SHARE EXCHANGE. Means the share exchange transaction among Accessity Corp., Pacific Ethanol, Inc., a California corporation ("PEI California"), Kinergy Marketing, LLC and ReEnergy, LLC as described in that certain Share Exchange Agreement dated as of May 14, 2004, as amended on July 30, 2004, October 1, 2004, January 7, 2005, February 16, 2005 and March 3, 2005, and pursuant to which Accessity Corp. was merged with and into the Company.

ACCESSITY SHARE EXCHANGE. Means the proposed share exchange transaction among Accessity Corp., the Company, Kinergy Marketing, LLC and ReEnergy, LLC as described in that certain Share Exchange Agreement dated as of May 14, 2004, as amended on July 30, 2004 and on October 1, 2004. 1