IN WITNESS WHEREOF, the Parties hereto have caused this Third Amendment to be duly executed by their respective officers duly authorized thereto as of the date first written above.

RANCH CORP:

TEJON RANCHCORP,

a California corporation

By: /s/ Allen Lyda

Name: Allen Lyda

Title: Chief Financial Officer

PEF:

PASTORIA ENERGY FACILITY L.L.C.,

a Delaware limited liability company

By: /s/ Jack Fusco

Name: Jack Fusco

Title: President

IN WITNESS WHEREOF, the Parties have duly executed this Fourth Amendment as of the day and year first written above.

RANCHCORP:

TEJON RANCHCORP,

a California corporation

By: /s/ Allen Lyda

Name: Allen Lyda

Title: Chief Financial Officer

PEF:

PASTORIA ENERGY FACILITY L.L.C.,

a Delaware limited liability company

By: /s/ Thad Hill

Name: Thad Hill

Title: President

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