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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

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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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