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EXHIBIT 10.1
 THE ASSOCIATED GENERAL CONTRACTORS OF AMERICA
 [AGC SYMBOL]
 
 STANDARD FORM OF AGREEMENT AND
GENERAL CONDITIONS BETWEEN OWNER
AND CONTRACTOR
 
 TABLE OF ARTICLES
 1.
    
    AGREEMENT2.
    
    GENERAL PROVISIONS3.
    
    CONTRACTORS RESPONSIBILITIES4.
    
    OWNERS RESPONSBILITIES5.
    
    SUBCONTRACTS6.
    
    CONTRACT TIME7.
    
    CONTRACT PRICE8.
    
    CHANGES9.
    
    PAYMENT10.
    
    INDEMNITY, INSURANCE AND WAIVERS11.
    
    TERMIANTE OF THE AGREEMENT, SUSPENSION AND
NOTICE TO CURE12.
    
    DISPUTE RESOLUTION13.
    
    MISCELLANEOUS PROVISIONS14.
    
    CONTRACT DOCUMENTS
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STANDARD FORM OF AGREEMENT AND
GENERAL CONDITIONS BETWEEN OWNERS AND CONTRACTOR
 ARTICLE 1
 1) AGREEMENT
 14 th October
 2005
 a)
    
    OWNER
 
  b)
    
    CONTRACTOR
 
  c)
    
    PROJECT
  Notice to the parties shall be given at the above addresses.
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Section 1.02 ARTICLE 2
 GENERAL PROVISIONS
 2.1 RELATIONSHIP OF PARTIES
 2.1.1
 2.1.2
 2.1.3
 2.2 EXTENT OF AGREEMENT
 2.2 DEFINITIONS
 .1 Changed Work
 .2 Contract Documents
 .3 Contract Time
 .4 Date of Commencement
 .5 Day
 .6 Defective Work
 .7 Designer
 .8 Extra Work
 .9 Fee
 .10 Materials
 .11 Others
 .12 Owner
 .13 Project
 .14 Subcontractor
 .15 Substantial Completion of the Work
 .16 Subsubcontractor
 .17 Supplies
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.18 Work
 .19 Worksite
 ARTICLE 3
 CONTRACTORS RESPONSIBILITES
 3.1 GENERAL RESPONSIBILITIES
 3.1.1
 3.1.2
 3.1.3
 3.2 COOPERATION WITH WORK OF OTHERS
 3.2.1
 3.2.2
 3.2.3
 3.2.4
 3.3 RESPONSIBLITY FOR CONTRACT DOCUMENTS
 3.3.1
 3.3.2
 3.3.3
 3.3.4
 3.4 CONSTRUCTION PERSONNEL AND SUPERVISION
 3.4.1
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3.4.2
 3.4.3
 3.4.4
 3.5 WORKMANSHIP
 3.5.1
 3.6 MATERIALS FURNISHED BY THE OWNER OR OTHERS
 3.6.1
 3.7 TESTS AND INSPECTIONS
 3.7.1
 3.7.2
 3.7.3
 3.8 WARRANTY
 3.8.1
 3.8.2
 3.8.3
 3.8.4
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3.8.5
 3.8.6
 3.8.7
 3.8.8
 3.8.9
 3.9 CORRECTION OF COVERED WORK
 3.9.1
 3.9.2
 3.9.3
 3.10 SAFETY OF PERSONS AND PROPERTY
 3.10.1 SAFETY PRECUATIONS AND PROGRAMS
 3.10.2
 .1
 .2
 .3
 3.10.3 CONTRACTORS SAFETY REPRESENTATIVE
 3.10.4
 3.10.5
 3.10.6
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3.11 HAZARDOUS MATERIALS
 3.11.1
 3.11.2
 3.11.3
 3.11.4
 3.11.5
 3.11.6
 3.11.7
 3.11.8
 3.11.9
 3.12 EMERGENCIES
 3.12.1
 3.13 SUBMITTALS
 3.13.1
 3.13.2
 3.13.3
 3.13.4
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3.13.5
 3.14 PROFESSIONAL SERVICES
 3.15 SITE CONDITIONS
 3.15.1 PRE-BID SITE VISIT
 3.15.2 POST-CONTRACT FIELD CONDITIONS
 3.15.3 CONCEALED OR UNKNOWN SITE CONDITIONS
 3.16 PERMITS AND TAXES
 3.16.1
 3.16.2
 3.16.3
 3.16.4
 3.17 CUTTING, FITING AND PATCHING
 3.17.1
 3.17.2
 3.18 CLEANING UP
 3.18.1
 3.18.2
 3.19 ACCESS TO WORK
 3.20 CONFIDENTIALITY
 3.20.1
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ARICLE 4
 OWNERS RESPONSIBILTIES
 4.1 INFORMAITON AND SERVICES
 4.2 FINANCIAL INFORMATION
 4.3 SITE INFORMATION
 .1
 .2
 .3
  4.4 BUILDING PERMIT, FEES AND APPROVALS
 4.5 MECHANICS LIEN INFORMATION
 4.6 CONTRACT DOCUMENTS
 4.7 OWNERS REPRESENTATIVE
  .1
 .2
 .3
  4.8 STOPPING THE WORK
 4.9 CUTTING AND PATCHING
 4.10 OWNERS RIGHT TO CLEAN UP
 ARTICLE 5
 SUBCONTRACTS
 5.1 SUBCONTRACTORS
 5.2 AWARD OF SUBCONTRACTS AND OTHER CONTRACTS FOR PORTIONS OF THE WORK
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5.2.1
 5.2.2
 5.3 BINDING OF SUBCONTRACTORS AND MATERIAL SUPPLIERS
 5.4 LABOR RELATIONS
  5.5 CONTINGENT ASSIGNMENT OF SUBCONTRACTS
 5.5.1
 .1
 .2
 5.5.2
 ARTICLE 6
 CONTRACT TIME
 6.1 PERFORMANCE OF THE WORK
 6.1.1 DATE OF COMMENCEMENT
  6.1.2 TIME
 6.1.3
 6.1.4
 6.2 OWNERS RIGHT TO DETERMINE THE ORDER OF CONTRACTORS ACTIVITIES
 6.2.1
 6.2.2
 6.2.3
 6.3 DELAYS AND EXTENSIONS OF TIME
 6.3.1
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6.3.2
 6.4 DELAY CLAIMS
 ARTICLE 7
 CONTRACT PRICE
 7.1 LUMP SUM One million one-hundred eighty six thousand sixty six dollars 1,186,066
 7.2 ADJUSTMENTS
 7.3 ALLOWANCE
 7.3.1
 7.3.2
 ARTICLE 8
 CHANGES
 8.1 CHANGE DOCUMENTS
 8.1.1
 8.1.2
 8.2 COST OR CREDIT DETERMINATION
 8.2.1
 .1
 .2
 .3
 .4
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8.2.2
 8.3 UNIT PRICES
 8.4 PERFORMANCE OF CHANGED WORK
 ARTICLE 9
 (a) PAYMENT
 9.1 SCHEDULE OF VALUES
 9.1.1
 9.2 PROGRESS PAYMENTS
 9.2.1 APPLICATIONS
  9.2.2 STORED MATERIALS AND EQUIPMENT
 9.2.3 PARTIAL LIEN WAIVERS AND AFFIDAVITS
 9.2.4 RETAINAGE
 .1
 .2
 .3
 .4
 9.3 ADJUSTMENT OF CONTRACTORS PAYMENT APPLICATION
 .1
 .2
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.3
 .4
 .5
 .6
  9.4 RESPONSIBILITY FOR LIENS
 9.5 ACCEPTANCE OF WORK
 9.6 PAYMENT DELAY
 9.7 SUBSTANTIAL COMPLETION
 9.7.1
 9.7.2
 9.7.3
 9.7.4
 9.8 PARTIAL OCCUPANCY OR USE
 9.8.1
 9.9 FINAL PAYMENT
 9.9.1
 9.9.2
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9.9.3
 9.9.4
 .1
 .2
 .3
 .4
 .5
 9.9.5
 9.9.6
 .1
 .2
 .3
 .4
 9.9.7 ACCEPTANCE OF FINAL PAYMENT
 9.10 LATE PAYMENT
 ARTICLE 10
 INDEMNITY, INSURANCE AND WAIVERS
 10.1 INDEMNITY
 10.1.1
 10.1.2
 10.2 MUTUAL WAIVER OF CONSEQUENTIAL DAMAGES
 .1
 .2
  10.3 INSURANCE
 10.3.1
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Employers Liability
    
    $1,000,000.00Bodily Injury by Accident$1,000,000  Policy LimitBodily Injury by DiseaseBusiness Auto Liability
    
    $1,000,000.00Each AccidentCommercial General
    
    $1,000,000.00Liability
    
    Each Occurrence$2,000,000.00General Aggregate$2,000,000.00Products/CompletedOperations Aggregate$1,000,000.00Personal and AdvertisingInjury Limit
 10.3.2
 10.3.3
   10.3.4
   10.3.5
 10.3.6 or two million dollars ($2,000,000)
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10.3.7 BUSINESS INCOME INSURANCE
 10.3.8 OWNERS LIABILITY
 10.4 ROYALTIES, PATENTS AND COPYRIGHTS
 ARTICLE 11
 TERMINATION OF THE AGREEMENT,
SUSPENSION AND NOTICE TO CURE
 11.1 SUSPENSION BY OWNER FOR CONVENIENCE
 11.1.1 OWNER SUSPENSION
 11.1.1.1 ADJUSTMENTS
 11.1.2
 11.2 NOTICE TO CURE
 .1
 .2
 .3
 .4
 11.3 OWNERS RIGHT TO TERMINATE FOR CAUSE
 11.3.1 TERMINATION BY OWNER FOR CAUSE
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11.3.2 USE OF CONTRACTORS EQUIPMENT
 11.3.3
 11.4 TERMINATION BY OWNER FOR CONVENIENCE
 11.4.1 ADJUSTMENTS
 11.4.2
 .1
 .2
 .3
  11.5 CONTRACTORS RIGHT TO TERMINATE
 11.5.1
 .1
 .2
 .3
 11.5.2
 .1
 .2
 .3
 .4
 11.5.3
 11.6 OBLIGATIONS ARISING BEFORE TERMINATION
 ARTICLE 12
 DISPUTE RESOLUTION
 12.1 WORK CONTINUANCE AND PAYMENT
 12.2 INITIAL DISPUTE RESOLUTION
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12.3 EXHIBIT NO. 1
 12.4 MULTIPARTY PROCEEDING
 12.5 COST OF DISPUTE RESOLUTION
 12.6 LIEN RIGHTS
 ARTICLE 13
 MISCELLANEOUS PROVISIONS
 13.1 ASSIGNMENT
 13.2 GOVERNING LAW
 13.3 SEVERABILITY
 13.4 NO WAIVER OF PERFORMANCE
 13.5 TITLES AND GROUPINGS
 13.6 JOINT DRAFTING
 13.7 RIGHTS AND REMEDIES
 13.7.1
 13.8 PRECEDENCE
 13.9 OTHER PROVISIONS
 ARTICLE 14
 CONTRACT DOCUMENTS
 14.1
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.1
 .2
 .3
 .4
 .5
 .6
 .7
 .8
 14.2 INTERPRETATION OF CONTRACT DOCUMENTS
 14.2.1
 14.2.2
 14.2.3
 14.2.4
  OWNER: Siouxland Ethanol, LLCATTEST:
    
    
    
    
    
    BY:
    
    /s/ Tom LynchPRINT NAME: Tom LynchPRINT TILE: President of the BoardCONTRACTOR: Holly A. Brown ConstructionATTEST:
    
    
    
    
    
    BY:
    
    /s/ Holly A. BrownPRINT NAME: Holly A. BrownPRINT TILE: President
 (i) Exhibit No.1, dated ,
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STANDARD FORM OF AGREEMENT AND
GENERAL CONDITIONS BETWEEN OWNER
AND CONTRACTOR
(Where the Contract Price is a Lump Sum)
 DISPUTE RESOLUTION MENU
   o
    
    Dispute Review Board The Dispute Review Board is composed of one member
selected by the Owner, one selected by the Contractor, and a third member
selected by the two Owner and Contractor selected members. This Board shall be
selected by the time construction commences, shall meet periodically, and shall
make advisory decisions which may be introduced into evidence at any subsequent
dispute resolution process. If a Dispute Review Board is selected, it is
understood its review will precede mediation.o
    
    Advisory Arbitration Advisory Arbitration shall be pursuant to the Construction
Industry Rules of the American Arbitration Association.o
    
    Mini Trial Each party, in the presence of top management, shall submit its
position to a mutually selected individual who shall make a non-binding
recommendation to the parties. Such advisory decision may be introduced into
evidence at any subsequent dispute resolution process.þ
    
    Binding Arbitration Binding Arbitration shall be
pursuant o the Construction Industry Rules of the
American Arbitration Association unless the parties
mutually agree otherwise. A written demand for
arbitration shall be filed with the American Arbitration
Association and the other party to the Agreement within a
reasonable time after the dispute or claim has arisen,
but in no event after the applicable statute of
limitations for a legal or equitable proceeding would
have run. The location of the arbitration proceedings
shall be at the office of the American Arbitration
Association nearest the Project site, unless the parties
agree otherwise. The arbitration award shall be final.
Notwithstanding Paragraph 13.2, this agreement to
arbitrate shall be governed by the Federal Arbitration
Act and judgment upon the award may be confirmed in any
court having jurisdiction.o
    
    Litigation Action may be filed in the appropriate state
or federal court located in the jurisdiction in which the
Project is located.
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