**Exhibit 3.2.1**

 

**FIRSTAMENDMENT TO AMENDED AND RESTATED OPERATINGAGREEMENT OF EAST KANSAS AGRI-ENERGY, L.L.C.**

** **

THIS FIRSTAMENDMENT TO THE AMENDED AND RESTATED OPERATING AGREEMENT OF EAST KANSASAGRI-ENERGY, L.L.C. dated March 13, 2002 (the “Operating Agreement”) is adoptedand approved effective as of the 16th day of September, 2004, by theaffirmative vote of a majority of the members of East Kansas Agri-Energy,L.L.C. (the “Company”) pursuant to Chapter 17 Section 76 of the Code of theState of Kansas and pursuant to Section 8.1 of the Operating Agreement of theCompany at a Meeting of the Members held on September 16, 2004.

 

The OperatingAgreement is amended as follows:

 
| Amendment to Section 1.10(n), (bbb) and  (ccc): |   | Section 1.10 is amended by deleting Section  1.10(n) in its entirety and substituting in lieu thereof the following:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
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|                                            |   | (n)  “Directors” means any Person(s) who (i) is  referred to as such in Section 5.1 of this Agreement or has become a Director  pursuant to the terms of this Agreement, including both Class A and Class B  Directors, and (ii) has not ceased to be a Director pursuant to the terms of  this Agreement. “Directors” means all such Persons.  For purposes of the Act, the Directors shall be deemed to be the “managers”  (as such term is defined and used in the Act) of the Company. Unless  otherwise stated in this Agreement, any action taken by the Directors shall  require the affirmative vote of a majority of the Directors present at a  meeting of the Directors (in person or by telephonic or other electronic  means as more specifically described in Section 5.7) and entitled to vote  thereat. |
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|                                            |   | Section 1.10 is further amended by adding  the following definitions:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
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|                                            |   | (bbb) “Class  A Director” means any Director elected by the Members.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
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|                                            |   | (ccc)  “Class B Director” means any Director appointed by Fagen, Inc., ICM, Inc., or  both of the foregoing acting jointly.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
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| Amendment to Section 5.1:                       |   | Section 5.1 is amended by deleting Section 5.1 in its entirety and  substituting in lieu thereof the following:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
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|                                            |   | 5.1  Directors.   The Directors shall direct the  business and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

 

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|                      |   | affairs  of the Company, and shall exercise all of the powers of the Company except  such as are by this Agreement conferred upon or reserved to the Members. The  Directors shall adopt such policies, rules, regulations, and actions not  inconsistent with law or this Agreement as it may deem advisable. The  management of the business and affairs of the Company shall be directed by  the Directors and not by its Members. The total number of Directors of the  Company shall be a minimum of seven (7) and a maximum of eleven (11), and the  number of Directors may be fixed or changed from time to time, within that  variable range, by the Directors, in accordance with the provisions of this  Section 5.1.  Fagen, Inc., and ICM,  Inc., shall appoint three (3) of the Directors.  The remaining number of Directors shall be  elected by the Members.  The Members  may increase or decrease the number of Directors last approved and may change  from a variable range to a fixed number or visa versa by majority vote at any  annual or special meeting.  Subject to  Section 5.4 hereof or any other express provisions hereof, the business and  affairs of the Company shall be managed by or under the direction of the Directors.  The amendment or repeal of this section or  the adoption of any provision inconsistent therewith shall require the  approval of the Unit Holders representing at least a majority of the  outstanding Units. |
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| Amendment to Section 5.2: |   | Section 5.2 is amended by deleting Section 5.2 in its entirety and  substituting in lieu thereof the following:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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|                      |   | 5.2  Election and  Appointment of Class A and Class B Directors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
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|                      |   | (a)  Election of Class A Directors and Terms.  The initial Class A Directors, appointed by the initial Members, shall be the  individuals set forth on Exhibit “B” attached hereto.  Upon appointment of the Class B Directors  by Fagen, Inc., and ICM, Inc., the initial Class A Directors shall be reduced  to no more than eight (8) Class A Directors.  If the Board of Directors is unable to  reduce the board to no more than eight (8) Class A  Directors, a special meeting to elect the eight (8) Directors shall be  held.  These initial Class A Directors  shall each serve as Directors for an initial term ending one (1) year after  substantial completion of the construction of the Facilities, and in all  cases until a successor is elected and qualified, or until the earlier death,  resignation, removal or disqualification of such Director.  After the expiration of the initial terms  of the Class A Directors, at each annual meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

 

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|   |   | of  the Members, Class A Directors shall be elected by the Members for staggered  terms of three (3) years and until a successor is elected and qualified.  Any and all units purchased by Fagen, Inc.,  and ICM, Inc., pursuant to that certain Unit Purchase and Sale Agreement  between the Company and Fagen, Inc., and ICM, Inc., shall not be voted in the  election of Class A Directors.  The  terms of Class A I Directors shall expire first, followed by those of Class A  II Directors, and Class A III Directors, respectively.  The initial Class A Directors shall, by  resolution adopted prior to the expiration of their initial term, separately  identify the Class A Director positions to be elected and shall classify each  such Class A Director position as Group I, Group II or Group III, with such  classification to serve as the basis for the staggering of terms among the  elected Class A Directors.  One or more  nominees for Class A Director positions up for election shall be named by the  then current Class A Directors or by a nominating committee established by  the Class A Directors. Nominations for the election of Class A Directors may  also be made by any Member entitled to vote generally in the election of  directors. However, any Member that intends to nominate one or more persons  for election as Class A Directors at a meeting may do so only if written  notice of such Member’s intent to make such nomination or nominations has  been given, either by personal delivery or by United States mail, postage  prepaid, to the Secretary of the Company not less than sixty (60) days nor  more than ninety (90) days prior to the annual meeting of the Company.  Each such notice to the Secretary shall set  forth: (i) the name and address of record of the Member who intends to make  the nomination; (ii) a representation that the Member is a holder of record  of Units of the Company entitled to vote at such meeting and intends to  appear in person or by proxy at the meeting to nominate the person or persons  specified in the notice; (iii) the name, age, business and residence  addresses, and principal occupation or employment of each nominee; (iv) a  description of all arrangements or understandings between the Member and each  nominee and any other person or persons (naming such person or persons)  pursuant to which the nomination or nominations are to be made by the Member  ; (v) such other information regarding each nominee proposed by such Member as  would be required to be included in a proxy statement filed pursuant to the  proxy rules of the Securities and Exchange Commission; (vi) the consent of  each nominee to serve as a Director of the Company if so elected, and (vi) a  nominating petition signed and dated by |
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|   |   | the holders of at least  five percent (5%) of the then outstanding Units and clearly setting forth the  proposed nominee as a candidate of the Class A Director’s seat to be filled  at the next election of Class A Directors. The Company may require any  proposed nominee to furnish such other information as may reasonably be  required by the Company to determine the eligibility of such proposed nominee  to serve as a Class A Director of the Company. The presiding Officer of the  meeting may, if the facts warrant, determine that a nomination was not made  in accordance with the foregoing procedure, and if he should so determine, he  shall so declare to the meeting and the defective nomination shall be  disregarded.  The amendment or repeal  of this section or the adoption of any provision inconsistent therewith shall  require the approval of the Members representing at least a majority of the outstanding  Units.  Whenever a vacancy occurs other than from expiration of a term of office or  removal from office, a majority of the remaining Class A Directors shall  appoint a new Class A Director to fill the vacancy for the remainder of such  term.                                                                                                                                                                                                                                                                                                     |
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|   |   | (b)  Appointment of Class B Directors and  Terms.  Fagen, Inc., and ICM, Inc.,  shall be entitled to appoint a total of three (3) persons as Class B  Directors to the Company’s Board of Directors.  The appointment rights hereunder shall  commence upon the issuance of Units to Fagen, Inc., and ICM, Inc., in  exchange for their capital contributions made pursuant to that certain Unit  Purchase and Redemption Agreement between Fagen, Inc., and ICM, Inc., and the  Company (the “Unit Purchase Agreement”).   Each Class B Director shall serve as such at the discretion of  whichever of Fagen, Inc., or ICM, Inc., appointed such Class B Director, or  both, as the case may be, or until his or her successor is appointed and  qualified.  In addition, each Class B  Director appointed hereunder shall serve so long as Fagen, Inc., and ICM,  Inc., own Units purchased pursuant to the Unit Purchase Agreement; provided,  however, that for every $2 million in redemption payments made by the Company  to Fagen, Inc., and/or ICM, Inc., one director position shall be terminated.  Upon complete redemption from Fagen, Inc.,  and ICM, Inc., of any and all Units purchased under the Unit Purchase  Agreement, the appointment rights hereunder shall terminate.  In no event, shall the number of Class B  Directors to be appointed by Fagen, Inc., and ICM, Inc. hereunder, exceed a  total of three (3), when measured collectively. |

 

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| Amendment to Section 5.6(b)(iv): |   | Section 5.6(b)(iv) is amended by deleting Section 5.6(b)(iv) in its  entirety and substituting in lieu thereof the following: |
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|                             |   | (iv)                                                                                                                          | Issue more than an aggregate of 40,000 Units; |
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I, DanMorgan, do hereby certify that I am the duly elected, qualified, and actingSecretary of the Company, and further certify that the above amendment was dulyadopted by a majority of the members of the Company at a meeting of the membersheld on September 16, 2004, in accordance with the provisions of the Company’sOperating Agreement.

 

 
|                       | /s/ Dan Morgan        |   |
|----------------------------|-----------------------|--------|
|                       | Dan Morgan, Secretary |
|                       |                  |
| Approved:                  |                  |
|                       |                  |
| /s/ William Pracht         |                  |   |
| William Pracht,  President |                  |
|                            |                       |        |  |

 

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