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Membership In order for a Wholesaler to use Pecten Funding for financing, the Wholesaler must be a Member of Pecten Funding. A Wholesaler becomes a Member by executing a Membership Agreement. There is no cost associated with becoming a Member and there is no obligation to borrow from Pecten Funding. As a requirement of Membership in Pecten Funding, the Member must hold and be in good standing under the Wholesale Marketer Agreement within the Shell system. Pursuant to the Membership Agreement, a Member may voluntarily withdraw membership upon notification to Pecten Funding. However, if the Pecten Funding loan is made to or guaranteed by a Member, that Member cannot terminate membership until its loan obligations are fully paid. Membership may be terminated by Pecten Funding under certain circumstances, including the making of a false representation or warranty, breach of a covenant in the Membership Agreement by the Member, or an attempt by the Member to transfer membership. Pecten Funding Members will be entitled to vote on the company’s Board of Directors, who will be elected on a periodic basis. To request a Membership Agreement, please contact a Pecten Funding representative at 800-216-5495 ext. 0, or Click Here. Floating Rate: 7.17 % The floating rate was posted on December 12, 2008 and is subject to change on a monthly basis. Please contact Pecten Funding to obtain interest rate pricing for loans to Wholesaler Supplied Dealers.