Exhibit 10.16
AMENDMENT NO. 8 TO CREDIT AGREEMENT AND WAIVER
THIS AMENDMENT NO. 8 TO CREDIT AGREEMENT AND WAIVER (this “Amendment”) is
entered into as of February 20, 2015, by and among the Lenders identified on the
signature pages hereof (such Lenders, together with their respective successors
and permitted assigns, are referred to hereinafter each individually as a
“Lender” and collectively as the “Lenders”), WELLS FARGO CAPITAL FINANCE, LLC, a
Delaware limited liability company, as administrative agent for the Lenders (in
such capacity, “Agent”), REG SERVICES GROUP, LLC, an Iowa limited liability
company (“REG Services”), and REG MARKETING & LOGISTICS GROUP, LLC, an Iowa
limited liability company (“REG Marketing”; together REG Services and REG
Marketing are each referred to herein as a “Borrower”, and jointly and severally
as the “Borrowers”).
WHEREAS, Borrowers, Agent, and Lenders are parties to that certain Credit
Agreement dated as of December 23, 2011, as amended by that certain Amendment
No. 1 to Credit Agreement dated as of January 31, 2012, that certain Amendment
No. 2 to Credit Agreement dated as of February 29, 2012, that certain Waiver and
Amendment No. 3 to Credit Agreement dated as of May l, 2012, that certain
Amendment No. 4 to Credit Agreement dated as of January 9, 2013, that certain
Amendment No. 5 to Credit Agreement dated as of August 9, 2013, that certain
Amendment No. 6 to Credit Agreement dated as of December 23, 2013, and that
certain Amendment No. 7 to Credit Agreement dated as of May 19, 2014 (as further
amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”);
WHEREAS, certain Plant Loan Parties have accepted intercompany advances from REG
Capital, LLC, an Iowa limited liability company, that, in the absence of the
agreements in Section 3 of this Amendment, would constitute defaults under
Sections 6.1 and 6.12(a) of the Credit Agreement and the Borrowers have failed
to provide notice thereof to the Agent and Lenders as required by Section 5.1 of
the Credit Agreement (the “Specified Defaults”); and
WHEREAS, Borrowers, Agent and Lenders have agreed to amend the Credit Agreement
in certain respects and provide for the waivers specified herein;
NOW THEREFORE, in consideration of the premises and mutual agreements herein
contained, the parties hereto agree as follows:
1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein
shall have the meanings ascribed to such terms in the Credit Agreement.
2. Amendments to Credit Agreement: Subject to the satisfaction of the conditions
set forth in Section 7 below, and in reliance upon the representations and
warranties of Borrowers set forth in Section 8 below, the Credit Agreement is
hereby amended as follows:

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(a) Clause (a) of Section 6.9 of the Credit Agreement is hereby amended and
restated in its entirety as follows:
(a) Any Plant Loan Party may make distributions (other than distributions of
Inventory or proceeds prior to the receipt by such Plant Loan Party of payment
on account thereof); and
(b) Clause (d) of Section 6.12 of the Credit Agreement is hereby amended and
restated in its entirety as follows:
(d) sales and purchases of feedstock, chemicals, renewable diesel, biodiesel or
other biofuel in the ordinary course of business between Secured Loan Parties,
(c) Clause (a) of Section 17.15 of the Credit Agreement is hereby amended to add
the phrase “, renewable diesel or other biofuel” after the word “biodiesel”.
(d) Clause (a) of the definition of “Borrowing Base” set forth in Schedule 1.1
to the Credit Agreement is hereby amended and restated in its entirety as
follows:
(a) the sum of (i)85% of the amount of Eligible Billed Accounts, (ii) (A) until
April 30, 2015, the lesser of $17,500,000 and 85% of Eligible Blender’s Credit
Accounts, and (B) thereafter, the lesser of $7,500,000 and 85% of Eligible
Blender’s Credit Accounts, and (iii) the lesser of $10,000,000 and 85% of
Eligible Unbilled Accounts, less (iv)the amount, if any, of the Dilution
Reserve, plus
(e) Clause (i) of the definition of “Eligible Billed Accounts” set forth in
Schedule 1.1 to the Credit Agreement is hereby amended and restated in its
entirety as follows:
(i) Accounts with respect to an Account Debtor (other than a Specified Account
Debtor) whose total obligations owing to Designated Loan Parties exceed 10%
(such percentage, as applied to a particular Account Debtor, being subject to
reduction by Agent in its Permitted Discretion if the creditworthiness of such
Account Debtor deteriorates) of all Eligible Accounts, to the extent of the
obligations owing by such Account Debtor in excess of such percentage, or
Accounts with respect to a Specified Account Debtor whose total obligations
owing to Designated Loan Parties exceed 20% (35% in the case of any such
Accounts owing by Pilot Travel Centers LLC) (such percentage, as applied to a
particular Specified Account Debtor, being subject to reduction by Agent in its
Permitted Discretion if the creditworthiness of such Account Debtor
deteriorates) of all Eligible Accounts, to the extent of the obligations owing
by such Specified Account Debtor in excess of such percentage; provided,
however, that, in each case, the amount of Eligible Accounts that are excluded
because they exceed the foregoing percentage shall be determined by Agent based
on all of the otherwise Eligible Accounts prior to giving effect to any
eliminations based upon the foregoing concentration limit,

-2-

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(f) The definition of “Permitted Intercompany Advances” set forth in Schedule
1.1 to the Credit Agreement is hereby amended and restated in its entirety as
follows:
“Permitted Intercompany Advances” means loans made by (a) Designated Loan Party
to another Designated Loan Party, (b) a non-Loan Party to another non-Loan
Party, (c) a non-Loan Party to a Loan Party, so long as the parties thereto are
party to the Intercompany Subordination Agreement, (d) Parent to a Borrower, so
long as the parties thereto are party to the Intercompany Subordination
Agreement, (e) a Designated Loan Party to a non-Loan Party or Plant Loan Party
(other than as provided in clause (f) below) so long as (i) the amount of such
loans does not exceed $250,000 outstanding at any one time, (ii) no Event of
Default has occurred and is continuing or would result therefrom, and
(iii) Borrowers have Excess Availability plus Qualified Cash of $10,000,000 or
greater immediately after giving effect to each such loan, and (f) by REG
Marketing to a Plant Loan Party in respect of purchases of Inventory by a Plant
Loan Party from REG Marketing on credit in the ordinary course of business
consistent with past practices, so long as such Plant Loan Party pays for such
purchases within 60 days of sale).
(g) Schedules A-2, D-1, E-1, P-1, P-2, S-1, 4.1(b), 4.1(c), 4.6(a), 4.6(b),
4.6(c), 4.6(d), 4.7(b), 4.12, 4.13, 4.15, 4.17, 4.19 and 4.28 of the Credit
Agreement are hereby amended and restated in their entirety as set forth in
Exhibit A hereto.
3. Waiver. Subject to the satisfaction of the conditions set forth in Section 7
below, and in reliance upon the representations and warranties of Borrowers set
forth in Section 8 below, Agent and Lenders hereby agree to waive the Specified
Defaults. Except to the extent expressly set forth herein, this waiver shall not
constitute a modification or alteration of the terms, conditions or covenants of
the Credit Agreement or any other Loan Document or a waiver, release or
limitation upon the exercise by Agent or any Lender of any of its rights, legal
or equitable, hereunder or under the Credit Agreement or any other Loan
Document.
4. Post-Closing Covenants.
(a) Within forty-five (45) days of the date hereof (or such later date as may be
agreed to in writing by Agent in its sole discretion), either (i) the Borrowers
shall provide to Agent a lender loss payable endorsement in form and substance
reasonably acceptable to Agent, to the following REG Geismar, LLC’s property
insurance policy: 31-3-77540 (Westport Insurance Corporation) or (ii) none of
the Inventory of REG Geismar, LLC shall be considered Eligible Inventory until
such endorsement has been received by Agent.
(b) Within forty-five (45) days of the date hereof (or such later date as may be
agreed to in writing by Agent in its sole discretion), either (i) the Borrowers
shall provide to Agent a notice of cancellation endorsement, in form and
substance reasonably acceptable to Agent, to REG Geismar, LLC’s liability
insurance policy or (ii) none of the Inventory of REG Geismar, LLC shall be
considered Eligible Inventory until such endorsement has been received by Agent.
5. Continuing Effect. Except as expressly set forth in Section 2 and Section 3
of this Amendment, nothing in this Amendment shall constitute a modification or
alteration of

-3-

--------------------------------------------------------------------------------

 
the terms, conditions or covenants of the Credit Agreement or any other Loan
Document, or a waiver of any other terms or provisions thereof, and the Credit
Agreement and the other Loan Documents shall remain unchanged and shall continue
in full force and effect, in each case as amended hereby.
6. Reaffirmation and Confirmation. Each Borrower hereby ratifies, affirms,
acknowledges and agrees that the Credit Agreement and the other Loan Documents
represent the valid, enforceable and collectible obligations of Borrowers, and
further acknowledges that there are no existing claims, defenses, personal or
otherwise, or rights of setoff whatsoever with respect to the Credit Agreement
or any other Loan Document. Each Borrower hereby agrees that this Amendment in
no way acts as a release or relinquishment of the Liens and rights securing
payments of the Obligations. The Liens and rights securing payment of the
Obligations are hereby ratified and confirmed by each Borrower in all respects.
7. Conditions to Effectiveness.
(a) This Amendment shall become effective upon the satisfaction of each of the
following conditions precedent, each in form and substance acceptable to Agent:
(i) Agent shall have received a fully executed copy of this Amendment in form
and substance acceptable to Agent, together with such other documents,
agreements and instruments as Agent may require or reasonably request; and
(ii) No Default or Event of Default shall have occurred and be continuing on the
date hereof or as of the date of the effectiveness of this Amendment.
8. Representations and Warranties. In order to induce Agent and Lenders to enter
into this Amendment, Borrowers hereby jointly and severally represent and
warrant to Agent and Lenders that, after giving effect to this Amendment:
(a) All representations and warranties contained in the Credit Agreement and the
other Loan Documents are true and correct in all material respects (except that
such materiality qualifier shall not be applicable to any representations and
warranties that already are qualified or modified by materiality in the text
thereof) on and as of the date of this Amendment, in each case as if then made,
other than representations and warranties that expressly relate solely to an
earlier date;
(b) No Default or Event of Default has occurred and is continuing; and
(c) This Amendment and the Credit Agreement, as modified hereby, constitute
legal, valid and binding obligations of each Borrower and are enforceable
against each Borrower in accordance with their respective terms.
9. Miscellaneous.
(a) Expenses. Borrowers jointly and severally agree to pay on demand all Lender
Group Expenses of Agent (including, without limitation, the fees and expenses of
outside counsel for Agent) in connection with the preparation, negotiation,
execution, delivery and

-4-

--------------------------------------------------------------------------------

 
administration of this Amendment and all other instruments or documents provided
for herein or delivered or to be delivered hereunder or in connection herewith.
All obligations provided herein shall survive any termination of this Amendment
and the Credit Agreement as modified hereby.
(b) Governing Law. This Amendment shall be a contract made under and governed by
the internal laws of the State of California. The choice of law and venue, jury
trial waiver and California judicial reference provisions set forth in
Section 12 of the Credit Agreement are incorporated herein by reference and
shall apply in all respects to this Amendment.
(c) Counterparts. This Amendment may be executed in any number of counterparts,
and by the parties hereto on the same or separate counterparts, and each such
counterpart, when executed and delivered, shall be deemed to be an original, but
all such counterparts shall together constitute but one and the same Amendment.
Delivery of an executed counterpart of this Amendment by facsimile or other
electronic delivery shall be equally effective as delivery of an original
executed counterpart of this Amendment.
10. Release.
(a) In consideration of the agreements of Agent and Lenders contained herein and
for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, each Borrower and each other Loan Party (by its
execution and delivery of the attached Consent and Reaffirmation), on behalf of
itself and its successors, assigns, and other legal representatives, hereby
absolutely, unconditionally and irrevocably releases, remises and forever
discharges Agent and Lenders, and their successors and assigns, and their
present and former shareholders, affiliates, subsidiaries, divisions,
predecessors, directors, officers, attorneys, employees, agents and other
representatives (Agent, each Lender and all such other Persons being hereinafter
referred to collectively as the “Releasees” and individually as a “Releasee”),
of and from all demands, actions, causes of action, suits, covenants, contracts,
controversies, agreements, promises, sums of money, accounts, bills, reckonings,
damages and any and all other claims, counterclaims, defenses, rights of
set-off, demands and liabilities whatsoever (individually, a “Claim” and
collectively, “Claims”) of every name and nature, known or unknown, suspected or
unsuspected, both at law and in equity, which any such Loan Party or any of
their respective successors, assigns, or other legal representatives may now or
hereafter own, hold, have or claim to have against the Releasees or any of them
for, upon, or by reason of any circumstance, action, cause or thing whatsoever
in relation to, or in any way in connection with any of the Credit Agreement, or
any of the other Loan Documents or transactions thereunder or related thereto
which arises at any time on or prior to the day and date of this Amendment.
(b) Each Borrower and each other Loan Party (by its execution and delivery of
the attached Consent and Reaffirmation) warrants, represents and agrees that it
is fully aware of California Civil Code Section 1542, which provides as follows:
SEC. 1542. GENERAL RELEASE. A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH
THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF
EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS
SETTLEMENT WITH THE DEBTOR.

-5-

--------------------------------------------------------------------------------

 
Each Borrower and each other Loan Party (by its execution and delivery of the
attached Consent and Reaffirmation) hereby expressly waives the provisions of
California Civil Code Section 1542, and any rights they may have to invoke the
provisions of that statute now or in the future with respect to the Claims being
released pursuant to this Section 10. In connection with the foregoing waiver
and relinquishment, each Borrower and each other Loan Party (by its execution
and delivery of the attached Consent and Reaffirmation) acknowledges that they
are aware that they or their attorneys or others may hereafter discover claims
or facts in addition to or different from those which the parties now know or
believe to exist with respect to the subject matter of the Claims being released
hereunder, but that it is nevertheless the intention of each Borrower and each
other Loan Party (by its execution and delivery of the attached Consent and
Reaffirmation) to fully, finally and forever settle, release, waive and
discharge all of the Claims which are being released pursuant to this
Section 10. The release given herein shall remain in effect as a full and
complete general release, notwithstanding the discovery or existence of any such
additional or different claims or facts.
(c) Each Borrower and each other Loan Party (by its execution and delivery of
the attached Consent and Reaffirmation) understands, acknowledges and agrees
that the release set forth above may be pleaded as a full and complete defense
and may be used as a basis for an injunction against any action, suit or other
proceeding which may be instituted, prosecuted or attempted in breach of the
provisions of such release.
(d) Each Borrower and each other Loan Party (by its execution and delivery of
the attached Consent and Reaffirmation) agrees that no fact, event,
circumstance, evidence or transaction which could now be asserted or which may
hereafter be discovered shall affect in any manner the final, absolute and
unconditional nature of the release set forth above.
[signature pages follow]

-6-

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their respective officers thereunto duly authorized and delivered as of the
date first above written.
 
 
 
REG SERVICES GROUP, LLC, an Iowa limited liability company
 
 
By:
/s/ Daniel J. Oh
 
Title:
Daniel J. Oh
Title:
President
 
REG MARKETING & LOGISTICS GROUP,
LLC, an Iowa limited liability company
 
 
By:
/s/ Daniel J. Oh
 
Name:
Daniel J. Oh
Title:
President

Signature Page to Amendment No. 8 to Credit Agreement and Waiver

1

--------------------------------------------------------------------------------

 
 
 
WELLS FARGO CAPITAL FINANCE, LLC,
a Delaware limited liability company, as Agent and as a Lender
 
 
By:
/s/ Barry Felker
 
Name:
Barry Felker
Title:
Authorized Signatory

Signature Page to Amendment No. 8 to Credit Agreement and Waiver

2

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CONSENT AND REAFFIRMATION
Renewable Energy Group, Inc., a Delaware corporation, as a Guarantor, REG
Houston, LLC, a Texas limited Liability company, as a Plant Loan Party, REG
Albert Lea, LLC, an Iowa limited liability company, as a Plant Loan Party, and
REG New Boston, LLC, an Iowa limited liability company, as a Plant Loan Party
(each of the foregoing, a “Loan Party”) hereby (i) acknowledges receipt of a
copy of the foregoing Amendment No. 8 to Credit Agreement and Waiver (terms
defined therein and used, but not otherwise defined, herein shall have the
meanings assigned to them therein); (ii) consents to each Borrower’s execution
and delivery thereof; (iii) agrees to be bound thereby, including Section 10 of
the foregoing Amendment No. 8 to Credit Agreement and Waiver; and (iv) affirms
that nothing contained therein shall modify in any respect whatsoever any Loan
Documents to which the undersigned is a party and reaffirms that each such Loan
Document is and shall continue to remain in full force and effect. Although each
Loan Party has been informed of the matters set forth herein and has
acknowledged and agreed to same, each Loan Party understands that Agent and
Lenders have no obligation to inform such Loan Party of such matters in the
future or to seek such Loan Party’s acknowledgment or agreement to future
consents, amendments or waivers, and nothing herein shall create such a duty.
 
 
 
 
 
RENEWABLE ENERGY GROUP, INC.,
a Delaware corporation, as a Guarantor
 
 
By:
/s/ Daniel J. Oh
 
Name:
Daniel J. Oh
Title:
President
 
REG HOUSTON, LLC, a Texas limited liability company, as a Plant Loan Party
 
 
By:
/s/ Daniel J. Oh
 
Name:
Daniel J. Oh
Title:
President
 
REG ALBERT LEA, LLC, an Iowa limited liability company, as a Plant Loan Party
 
 
By:
/s/ Daniel J. Oh
 
Name:
Daniel J. Oh
Title:
President
 
REG NEW BOSTON, LLC, an Iowa limited liability company, as a Plant Loan Party
 
 
By:
/s/ Daniel J. Oh
 
Name:
Daniel J. Oh
Title:
President

Consent and Reaffirmation to Amendment No. 8 to Credit Agreement and Waiver

3

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Exhibit A
Schedules to Credit Agreement

4

--------------------------------------------------------------------------------

 
Schedule A-2
Authorized Persons
Daniel J. Oh
Gary Haer
Natalie Merrill
Jonathon Schwebach

5

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Schedule D-1
Designated Account
 
 
 
 
Designated Account Bank
 
 
Designated Account
 
Wells Fargo
 
#4124522426 (an REG Marketing &
420 Montgomery Street
 
Logistics Group, LLC operating account)
San Francisco, California 94163
 
 

6

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Schedule E-1
Eligible Inventory Locations
REG MARKETING & LOGISTICS GROUP, LLC
Plant Locations
 
 
 
 
 
Street Address
 
City 
 
State 
 
Zip Code 
 
300 N. Anderson
Danville
IL
61832
3426 E. 28th Street
Newton
IA
50208
11815 Port Rd.
Seabrook
TX
77586
15200 780th Ave.
Albert Lea
MN
56007
4172 19th Street SW
Mason City
IA
50401
280 Texas Ave
New Boston
TX
75570
36187 Hwy 30
Geismar
LA
70734

Terminal Locations
 
 
 
 
 
 
Company
 
Street Address 
 
City 
 
State 
 
Zip Code 
 
KM-Stony Island
12200 S. Stony Island Ave.
Chicago
IL
60633
KM-Argo
8500 West 68th St.
Argo
IL
60501
LBC
11666 Port Road
Seabrook
TX
77586
Renewable Energy Group, Inc.
2500 SE 43rd St.
Des Moines
IA
50327
BP Products North America, Inc.
16848 87th St.
Ottumwa
IA
52501

REG SERVICES GROUP, LLC
None.
REG ALBERT LEA, LLC
Plant Locations
 
 
 
 
 
Street Address
 
City 
 
State 
 
Zip Code 
 
15200 780th Ave.
   Albert Lea
   MN
56007

7

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REG HOUSTON, LLC
Plant Locations
 
 
 
 
 
 
Street Address
 
City 
 
State 
 
Zip Code 
 
11815 Port Rd.
   Seabrook
   TX
77586

8

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REG NEW BOSTON, LLC
Plant Locations
 
 
 
 
 
Street Address
 
City 
 
State 
 
Zip Code 
 
280 Texas Ave.
   New Boston
   TX
75570

REG GEISMAR, LLC
Plant Locations
 
 
 
 
 
Street Address
 
City 
 
State 
 
Zip Code 
 
36187 Hwy 30
   Geismar
   LA
70734

9

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Schedule P-1
Permitted Investments
Investment balances in the accounts below. Note that total account balances at
market value as of December 15, 2011 are shown below in (with negative values in
parenthesis), but balances fluctuate from period to period:
 
 
 
FC Stone
#3447 REG Marketing & Logistics
1251 NW Briarcliff Parkway, Suite 800
$2,151,884.65
Kansas City, Missouri 64116
 
#8810 REG Marketing & Logistics
 
$1,387,131.30
 
 
 
 
 

10

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Schedule P-2
Permitted Liens
None.

11

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Schedule S-1
Specified Account Debtor(s)
Pilot Travel Centers LLC
ExxonMobil Oil Corporation
CITGO Petroleum Corporation
Musket Corporation
Sapp Brothers, Inc.
Valero Marketing and Supply Company
Tesoro Refining & Marketing Company LLC
Flint Hills Resources
Marathon Petroleum Company LP
Mansfield Oil Company

12

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Schedule 4.1(b)
Capitalization of Borrowers
 
 
 
 
Borrower
 
Class 
 
Issued and Outstanding 
 
REG Marketing & Logistics Group, LLC
   N/A
   3,180,312 units
REG Services Group, LLC
   N/A
   19,265 units

13

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Schedule 4.1(c)
Capitalization of Borrowers’ Subsidiaries
None.

14

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Schedule 4.6(a)
States of Organization
 
 
 
Loan Party
 
State of Organization
 
Renewable Energy Group, Inc.
Delaware
REG Albert Lea, LLC
Iowa
REG Geismar, LLC
Delaware
REG Houston, LLC
Texas
REG Marketing & Logistics Group, LLC
Iowa
REG New Boston, LLC
Iowa
REG Services Group, LLC
Iowa

15

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Schedule 4.6(b)
Chief Executive Offices
 
 
 
 
 
 
Loan Party
 
Street Address
 
City
 
State
 
Zip Code 
 
Renewable Energy Group, Inc.
416 South Bell Avenue
Ames
IA
50010
REG Albert Lea, LLC
416 South Bell Avenue
Ames
IA
50010
REG Geismar, LLC
416 South Bell Avenue
Ames
IA
50010
REG Houston, LLC
416 South Bell Avenue
Ames
IA
50010
REG Marketing & Logistics Group, LLC
416 South Bell Avenue
Ames
IA
50010
REG New Boston, LLC
416 South Bell Avenue
Ames
IA
50010
REG Services Group, LLC
416 South Bell Avenue
Ames
IA
50010

16

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Schedule 4.6(c)
Organizational Identification Numbers
 
 
 
 
Loan Party
 
IRS Tax
Identification Number 
 
Organizational
Identification Number 
 
Renewable Energy Group, Inc.
26-4785427
4682119
REG Albert Lea, LLC
20-8001274
337795
REG Geismar, LLC
26-0440558
4380161
REG Houston, LLC
20-3914060
800571335
REG Marketing & Logistics Group, LLC
20-5983996
337448
REG New Boston, LLC
80-0806941
434708
REG Services Group, LLC
20-5984041
337447

17

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Schedule 4.6(d)
Commercial Tort Claims
None.

18

--------------------------------------------------------------------------------

 
Schedule 4.7(b)
Litigation
Renewable Energy Group, Inc. (“REG”) is the plaintiff in an action pending in
Texas state court. The lawsuit, Cause No. 2011-51111, is in the 190th Judicial
District Court of Harris County, Texas, and names as defendants Robert Dascal,
Sabine Biofuels II, LLC (“Sabine”), and Endicott Biofuels II, LLC (“Endicott”).
In the action, REG asserts various claims arising from the hiring away of Robert
Dascal, a former REG Sales Manager, by Sabine (a joint venture owned in part by
Endicott) in violation of Dascal’s contractual obligations to REG. Specifically,
REG asserts that Dascal violated the non-compete provision in his employment
agreement by commencing a sales position with Sabine, and either has or intends
to violate the provisions in his REG agreement regarding non-solicitation of
REG’s customers and the use and disclosure of REG’s confidential information.
The lawsuit also asserts that Dascal has improperly retained and misappropriated
REG’s trade secret and confidential information. With respect to Sabine and
Endicott, REG asserts claims for tortious interference with Dascal’s contractual
obligations, as well as unfair competition and conspiracy by all defendants.
There is a single counter claim asserted by Dascal for declaratory judgment
seeking a ruling from the court that the non-compete restriction is
unenforceable. Trial in the action is scheduled for December 19-20, 2011. Based
upon the information produced to date, any liability of the parties in
connection with this matter does not appear to be covered by any insurance
policy.

19

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Schedule 4.12
Environmental Matters
None.

20

--------------------------------------------------------------------------------

 
Schedule 4.13
Intellectual Property
None.

21

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Schedule 4.15
Deposit Accounts and Securities Accounts
 
 
 
Designated Account Bank
 
Designated Account
 
First National Bank of Ames
#142158
405 5th Street
 
Ames, Iowa 50010
 
 
 
Wells Fargo
#4121462477
420 Montgomery Street
#4124522426
San Francisco, California 94163
#4121525018
 
 
FC Stone
#3447 REG Marketing & Logistics
1251 NW Briarcliff Parkway, Suite 800
#8810 REG Marketing & Logistics
Kansas City, Missouri 64116
 

22

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Schedule 4.17
Material Contracts
 
 
 
1.
Services and Storage Agreement by and between Kinder Morgan Liquids Terminals,
LLC and REG Marketing and Logistics Group, LLC dated August 11, 2010 and as
amended on December 20, 2010.
 
 
2.
Management and Operational Services Agreement by and between REG Services Group,
LLC, REG Marketing & Logistics Group, LLC, and Blackhawk Biofuels, LLC dated as
of May 9, 2008 and as amended on November 25, 2009.
 
 
3.
Management and Operational Services Agreement by and between REG Services Group,
LLC, REG Marketing & Logistics Group, LLC and REG Ralston, LLC dated as of
September 14, 2007 and as amended on December 1, 2013.
 
 
4.
Management and Operational Services Agreement by and between REG Services Group,
LLC, REG Seneca, LLC, and REG Marketing & Logistics Group, LLC dated as of
December 1, 2013.
 
 
5.
Management and Operational Services Agreement by and between REG Services Group,
LLC and REG Albert Lea, LLC dated as of December 1, 2013.
 
 
6.
Sales and Marketing Agreement by and between REG Services Group, LLC and REG
Marketing & Logistics Group, LLC.
 
 
7.
Contract Manufacturing Agreement by and between REG Newton, LLC and REG
Marketing & Logistics Group, LLC dated as of March 8, 2010 and as amended on
December 1, 2013.
 
 
8.
REG Danville, LLC Toll Processing Agreement by and between REG Danville, LLC and
REG Marketing & Logistics Group, LLC.
 
 
9.
Service Agreement by and between REG Services Group, LLC and REG Newton, LLC
dated March 8, 2010 and as amended on December 1, 2013.
 
 
10.
Management and Operational Services Agreement by and between REG Services Group,
LLC and REG Mason City, LLC dated as of December 1, 2013.
 
 
11.
REG Mason City, LLC Toll Processing Agreement by and between REG Mason City, LLC
and REG Marketing & Logistics Group, LLC, dates as of September 1, 2013.
 
 
12.
Management and Operational Services Agreement by and between REG Services Group,
LLC and REG New Boston, LLC dated as of December 1, 2013.
 
 
13.
Management and Operational Services Agreement by and between REG Services Group,
LLC and REG Houston, LLC dated as of December 1, 2013.
14.
Management and Operational Services Agreement by and between REG Services Group,
LLC and REG Geismar, LLC dated as of January 1, 2015.
 
 
15.
Biodiesel Purchase Agreement by and between Pilot Travel Centers LLC and REG
Marketing & Logistics Group, LLC dated as of April 16, 2014.
 
 
16.
Tolling Agreement by and between REG Marketing & Logistics Group, LLC and Iowa
Renewable Energy, LLC dated as of April 15, 2014.
 
 
17.
Railcar Sublease Agreement by and between Iowa Renewable Energy, LLC and REG
Marketing & Logistics Group, LLC dated as of March 11, 2013 and as amended on
April 15, 2014.

23

--------------------------------------------------------------------------------

 
Schedule 4.19
Permitted Indebtedness
None.

24

--------------------------------------------------------------------------------

 
Schedule 4.28
Locations of Inventory and Equipment1
REG Marketing & Logistics Group, LLC—Inventory
Plant Locations
 
 
 
 
 
 
 
 
Street Address
 
City
 
State
 
Zip Code
 
Code
 
Inventory
 
Equipment 
 
300 N. Anderson
Danville
IL
61832
706
Yes
No
3426 E. 28th Street
Newton
IA
50208
711
Yes
No
406 First Street
Ralston
IA
51459
701
No
No
11815 Port Rd.
Seabrook
TX
77586
707
Yes
Yes
614 Shipyard Road
Seneca
IL
61360
712
No
No
15200 780th Ave
Albert Lea
MN
56007
710
Yes
Yes
4172 19th Street SW
Mason City
IA
50401
716
Yes
No
280 Texas Ave
New Boston
TX
75570
714
Yes
No
36187 Hwy 30
Geismar
LA
70734
750
Yes
Yes
4173 N.E. 80 Ave.
Okeechobee
FL
34972
810
No
No
 
Terminal Locations
 

 
 
 
 
 
 
 
Company
 
Street Address
 
City
 
State
 
Zip Code 
 
Code 
 
KM-Stony Island
12200 S. Stony Island Ave.
Chicago
IL
60633
309
KM-Argo
8500 West 68th St.
Argo
IL
60501
322
LBC
11666 Port Road
Seabrook
TX
77586
707
Renewable Energy Group, Inc.
2500 SE 43rd St.
Des Moines
IA
50327
310
BP Products North America, Inc.
16848 87th St.
Ottumwa
IA
52501
320
Magellan
55199 State Hwy
Mankato
MN
56001
304
Magellan
2451 W County Rd C
Roseville
MN
55113
305
Magellan
1331 Hwy 42 Southeast
Eyota
MN
55934
302
Magellan
2810 Main Avenue
Clear Lake
IA
50428
318
Magellan
2503 SE 43rd St
Pleasant Hill
IA
50327
327

1 
The rights to certain Inventory or Equipment located at specified plant
locations may be held by the applicable Plant Loan Party.

25

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
Wolf Lake Terminal, Inc.
3200 Sheffield Ave
Hammond
IN
46327
TLL203193
Transflo—Augusta
1765 Essie McIntyre Blvd
Augusta
GA
30904
TLL200199
San Antonio—FOB Sun Coast Resources
5802 E. IH-10
San Antonio
TX
78219
TLL203469
Bio Energy - Lebanon Terminal
3287 Hart Road
Lebanon
OH
45036
325
Brookhaven Rail Terminal
205 Sills Rd
Yaphank
NY
11980
TLL289199
Morristown & Erie Railway
67 S Jefferson Rd
Whippany
NJ
7981
TLL289202
Westmore Petroleum
2 Purdy Ave
Port Chester
NY
10573
329
Hart Petroleum
1900 Plaza Ave
New Hyde Park
NY
11040
328
Upstate Terminals
317 Route 104
Ontario
NY
14519
330
IFI Terminal
1626 S Harbor Dr
Milwaukee
WI
53207
300.FUSION
REG Clovis
1140 County Road 8
Clovis
NM
88101
713
IMTT
250 E 22nd St
Bayonne
NJ
7002
331
Vopak
1500 Clinton Dr
Galena Park
TX
77547
TLL362795
Maxum Petroleum
19501 S Santa Fe Ave
Rancho Dominguez
CA
90221
326
Van-G Logistics
8000 E Manning Ave
Fowler
CA
93625
TLL368497
Van-G Logistics
1625 East Louise
Lathrop
CA
95330
TLL414436
Titan Terminal
4570 Ardine Street
South Gate
CA
90280
TLL311257jon
Seneca Terminal
614 Shipyard Road
Seneca
IL
61360
332
Dutch Hills Terminals
568 Paulison Avenue
Clifton
NJ
7011
333
Chandler Logistics
7035 Hwy 19
Camilla
GA
31730
334
Petroleum Wholesale L.P.
1801 Collingsworth Street
Houston
TX
77009
335
LBC Baton Rouge
1725 HWY 75
Sunshine
LA
70780
336
Stolthaven
2444 English Turn RD
Braithwaite
LA
70040
TLL495212

Tolling Locations
 
 
 
 
 
 
 
Company
 
Street Address
 
City
 
State
 
Zip Code
 
CODE
 
IRE
1701 E 7th Street
Washington
IA
52353
804

26

--------------------------------------------------------------------------------

 
REG Marketing & Logistics Group, LLC—Equipment
 
 
 
 
 
Street Address
 
City
 
State
 
Zip Code
 
416 South Bell Avenue
Ames
IA
50010
3426 E. 28th Street
Newton
IA
50208

REG Services Group, LLC—Inventory
None

27