Alto Ingredients Inc (ALTO)

[kel3]

CEPIP payment Pursuant to AB 118 $2 million

Pursuant to AB 118, as a component of the ARFVTP, the
CEPIP provides payments to California ethanol producers under specific unfavorable market conditions and, in return, requires reimbursement by participants to the California Alternative
Energy and Advanced Transportation Financing Authority (CalFinancing Authority) of any outstanding CEPIP payment balances under specifically identified favorable market conditions.

http://www.leginfo.ca.gov/pub/11-12/bill/asm/ab_0501-0550/ab_523_cfa_20120808_174159_asm_floor.html