Biodiesel Purchase Agreement



 Exhibit 10.35 
 Confidential Treatment Requested. Confidential portions of this document have been redacted and have 
 been separately filed with the Commission. 
 PILOT TRAVEL CENTERS LLC

 BIODIESEL PURCHASE AGREEMENT 
 “AGREEMENT” 
  

							
	Buyer:	  	 Pilot Travel Centers LLC
 5508 Lonas Road
 Knoxville, TN 37909
	  	 Buyer Contact:

Telephone:
 Buyer Email:
	  	 Mr. David Dobbins

865-588-7488, ext. 2537

dobbinsd@pilottravelcenters.com

				
	Seller:	  	 REG Marketing & Logistics Group, LLC
 416 South Bell Avenue
 Ames, IA 50010
	  	Seller Contact:	  	Gary Haer
		  		  	Telephone:	  	(913) 484-8521
		  		  	Seller Email:	  	Gary.haer@regfuel.com
				
	Date:	  		  		  	
		
	Product:	  	Biodiesel B100 or B99.9 (ASTM D6751 Biodiesel) (“Product” or “Biodiesel”)
		
	CoA / MSDS Fax to:	  	David Dobbins, 865-297-1435
		
	Quantity:	  	Over the term of the Agreement, approximately *** gallons (the “Contract Quantity”) +/- ***
		
	Price.	  	 Previous day *** for *** plus $*** per gallon FOB Buyer’s ***locations for *** or ***.*

 
 Previous day *** for *** plus $*** per
gallon FOB Buyer’s*** locations or bulk facilities for *** or *** excepting ***, ***, and ***. *
  

Previous day *** for *** plus $*** per gallon FOB Buyer’s ***, ***, and *** locations for *** or ***.
*
  
 *Should the *** be *** in*** and *** to the ***, Seller will reduce the
per gallon price of the B100 or the B99.9 by the *** of the *** received by Seller. *Should the *** be *** in *** as a ***, Seller will reduce the per gallon price of the B99.9 by the amount of the *** on such gallons.

		
	Terms:	  	Net ***days receipt of invoice via ACH and per the “Biodiesel Purchase Terms” (“Terms”) of this Agreement
		
	Term of Agreement:	  	January 1, 2011 through December 31, 2011.
		
	F.O.B.	  	FOB Various locations as required by Buyer and as further delineated in the Terms.
		
	Mode of Transportation:	  	Tanker truck
		
	Invoice To:	  	 Pilot Travel Centers LLC
 5508 Lonas Road
 Knoxville, TN 37909
 Attn: Fuel Payables









 SEE THE ATTACHMENT FOR 

ADDITIONAL “TERMS” WHICH ARE REFERRED TO AND 
 INCORPORATED HEREIN BY REFERENCE 
  

									
	Seller:	 	REG Marketing & Logistics Group, LLC	 		 	Buyer:	 	PILOT TRAVEL CENTERS LLC
					
	By:	 	/s/ Gary Haer	 		 	By:	 	/s/ David A. Dobbins
					
	Name:	 	Gary Haer	 		 	Name:	 	David A. Dobbins
					
	Date:	 	12/21/2010	 		 	Date:	 	12/17/2010


  
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 *** Confidential material redacted and filed separately with the Commission.

 BIODIESEL PURCHASE TERMS 
 These terms and conditions (“Terms”) apply to any agreement to which they are attached, or in which they are incorporated by reference. The agreement which incorporates the Terms and these Terms
are collectively referred to as the “Agreement”, and the terms “Biodiesel” and/or “Product” refer to those monalkyl esters of long chain fatty acids purchased by Pilot Travel Centers LLC (“Buyer”) under the
Agreement from REG Marketing & Logistics Group, LLC (“Seller”). 
 1. Taxes: In addition to the per gallon
purchase price stated below, Buyer will be liable for, and will pay and/or reimburse Seller for the payment of, any and all taxes, fees, duties, assessments and other charges (“Tax”), whether now existing or hereafter arising, which are
imposed, levied or assessed by any federal, state, tribal or local governmental or regulatory authority with respect to the products sold and delivered to Buyer, the taxable incident of which arises out of or relates to the sale, delivery, receipt,
transfer of title, inspection, removal from storage, measurement, receipt of payment, or other activity, regardless of when imposed, of the products to Buyer, or Buyer’s payment therefor. In the event that Seller is required to pay any such Tax
directly to the appropriate authority, Buyer will promptly upon demand reimburse Seller for such payments. Buyer will furnish Seller with any exemption or resale certificate or direct payment permit to which Buyer may be entitled and will promptly
notify Seller of any change in the validity or scope of the same. Buyer shall not be responsible for any taxes based on income, corporate franchise tax, or license fee of Seller. Buyer shall be responsible for any tax arising from the sale,
transfer, or delivery of the Biodiesel to Buyer under this Agreement. 
 2. Quantity: Buyer shall purchase and receive from Seller and
Seller shall sell and deliver to Buyer an amount equal to the Contract Quantity, as specified on the cover page of this Agreement. A purchasing variance of ***plus or minus shall apply. 

Buyer will designate quantities required at each Designated Location (as defined below) on a monthly basis (the “Monthly
Volumes”). The initial schedule of Monthly Volumes is attached as Appendix A. Buyer shall purchase and receive from Seller and Seller shall sell and deliver to Buyer on a ratable basis each month an amount equal to the Monthly Volumes specified
for each Designated Location for that month. A purchasing variance of *** plus or minus shall apply to each of the Monthly Volumes. Buyer may modify Monthly Volumes required at each Designated Location with *** days prior notice to Seller for good
reason, provided that during the Term of this Agreement, the Buyer purchases and receives a total amount equal to the Contract Quantity, plus or minus ***and provided further that any change in the Monthly Volumes greater than *** is mutually
agreed. Good reason shall include, but not be limited to, a sale of a Designated Location. Buyer’s desire to source biodiesel from another party shall not be considered a goad reason. 

Notwithstanding any other provision of this Agreement, at any time after this Agreement is executed or during the Term of this Agreement
and any extensions thereof, in the event Buyer closes a Designated Location(s), ceases operation of a Designated Location(s) or transfers its ownership interest, whether fee or leasehold to a third party, Buyer shall be entitled to transfer the
volume associated with said Designated Location(s) to another of Buyers locations, provided that such locations are within *** road miles of Seller’s facilities. 
 Upon mutual agreement between Buyer and Seller, the Contract Quantity specified on the cover page of this Agreement can be further increased or decreased. 







 *** Confidential material redacted and filed separately with the Commission.

 3. Delivery Terms: All sales shall be F.O.B. Buyer’s locations. It is expressly understood that all sales are on a *** basis
unless the parties mutual agree otherwise. The “F.O.B. Point” stated in these Terms shall, at a minimum, include the following locations (each, a “Designated Location”): *** 

Buyer and Seller may mutually agree to modify, to add to and/or to delete Designated Locations throughout the term of this Agreement. ***
to *** to *** to and/or to *** Designated Locations is limited to Buyer’s locations within the states of ***, ***, ***, ***, and *** and within *** of Seller’s facility located at ***, ***, ***, or *** (“Seller’s Facility”),
provided that during the Term of this Agreement, the Buyer purchases and receives a total amount equal to the Contract Quantity, plus or minus ***. 
 Seller, its agents or subcontractors must be properly licensed, trained, understand and follow Buyer’s policies and procedures regarding fuel delivery, and are familiar with the physical layout, drop
sites, underground storage tanks, and ingress and egress routes of the Designated Location(s) before delivery. Seller, its agents or subcontractors agree to work with Buyer in keeping the unloading area clean. Seller, its agents or subcontractors
further agree that in the event of a spill that occurs solely as a result of their negligence, they assume any and all cleanup liability related thereto. Buyer may, with good reason and with thirty (30) days notice to Seller, request that
Seller replace any agent or subcontractor acting on Seller’s behalf. Good reason shall include safety, environmental and other legitimate operational concerns. 
 Upon first delivery of Biodiesel under this Agreement at each Designated Location, and unless waived by Buyer, Biodiesel inventory levels at each Designated Location will be managed on a ***, with
Biodiesel inventory levels at each Designated Location maintained at a minimum of *** and a maximum of ***of that Designated Location’s Tank capacity, provided that maintaining the minimum inventory levels at each Designated Location does not
require Seller to ship more than the applicable Monthly Volumes, plus or minus the *** variance. 
 If Seller, its agents or
subcontractors fail to deliver or make available (up to the maximum quantity allowed to Buyer under this contract) the volume required by Buyer, by Designated Location, such that any or all of Buyer’s Designated Locations run out of Biodiesel
for any reason other than force majeure (provided that Seller shall not by such provision be required to ship more than the applicable Monthly Volume for a Designated Location, plus or minus the *** variance), then Seller shall have breached this
Agreement. In addition to such other rights and remedies as may be available to Buyer, Seller shall, within ten (10) days after delivery of reasonable documentation from Buyer*** the ***to ***by ***an *** to ***, on a ***, of ***
or *** to *** the *** has *** to ***, if any, of ***, ***, or *** directly caused by ***. In addition, the applicable Contract Quantity and the applicable Monthly Volume shall be reduced by the quantity of *** or *** sourced by
the Buyer. 
 To the extent Buyer *** to ***, *** will be *** by *** the *** between the ***, at the ***, of the ***
and the *** the *** of *** by the ***. To the extent *** to *** will be *** by*** the *** the ***, at the ***, of the *** and the *** of the ***, if any ***the *** of *** by the Buyer. To the extent *** a *** for *** or ***
(in the event of ***, *** of the ***, if any), *** shall *** the *** and ***for *** shall be *** by ***. 
 The *** will be
calculated as the difference between the ***, to which the Buyer would have been entitled if not for the Seller’s breach, and the ***; provided that, it shall be the Buyer’s sole responsibility to evidence, with documentation provided by
the ***, the extent of such difference and that such difference arose solely as a consequence of Seller’s breach. 

  
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 *** Confidential material redacted and filed separately with the Commission.

 4. Risk of Loss / Title Transfer: Title and risk of loss shall pass to Buyer at the *** transfers into the receiving Tank(s).
Buyer will only be responsible for gallons actually delivered by Seller’s truck. Seller agrees that Buyer may (in order of preference) (a) use electronic monitoring systems to track fuel inventory levels and/or (b) cause Seller’s
delivery trucks to be weighed on calibrated scales at Buyer’s Designated Locations before and after the Product has been delivered at Buyer’s Designated Locations. Quantities of Product delivered will be deemed to be the amount listed on
the Bill of Lading generated by Seller’s Facility or any other Biodiesel facility or terminal; provided however, that in the event that either (a) the gallons shown on the electronic monitoring system installed by Buyer or (b) the
gallons calculated from the before/after weight of the truck, is not within *** gallons of the gallons printed on Seller’s Bill of Lading, only those gallons calculated to have been delivered by (a) the electronic monitoring system or
(b) the before/after weigh in of the delivery truck shall be deemed to have been delivered to and purchased by Buyer and Seller shall be deemed to have failed to sell and deliver any differences. Any scales and/or electronic monitoring systems
used by Buyer will be, in all cases, certified by the relevant government agency, and such certification shall be current at the time of measurement. Seller has the right to inspect and verify the accuracy of the electronic monitoring systems or
weigh scales. 
 Should Buyer desire to utilize its own transportation assets to take delivery *** Buyer and Seller agree to use
good faith efforts to accommodate Buyer. Should Buyer take delivery FOB Seller’s Facilities: 
 (a) Buyer and Seller agree
to renegotiate the pricing to reflect Seller’s changed cost of selling on an *** versus a delivered basis. 
 (b) The title
and risk of loss shall pass to Buyer as Biodiesel enters the receiving equipment of Buyer’s truck. In the event Buyer elects to take deliveries ***: 
 (c) Buyer is responsible to present suitable trucks for loading and shall comply with all safety and operating procedures. applicable to and at Seller’s Facility, and the Quality and Quantity of the
goods will be considered final at loading, 
 (d) Buyer may splash-blend Biodiesel with petroleum diesel provided by Buyer at
Seller’s facilities. Seller shall retain title to any vapors or condensate recovered during delivery, 
 (e) Buyer and
Seller will need to agree in advance on a schedule for pickup, or other suitable arrangement. 
 5. ***Changes: Notwithstanding anything
else to the contrary contained herein, in the event that any *** or *** or *** any ***, *** or *** that *** or *** any *** to the Buyer for the Designated Location(s), Buyer at its sole discretion, may in whole or in part, unilaterally
terminate this Agreement for the affected Designated Location(s) (each a “Terminated Location”). Prior to unilaterally terminating this Agreement for the affected Designated Location(s) pursuant to the terms of this paragraph, Buyer and
Seller shall meet and discuss alternatives to termination. In the event that Buyer and Seller are not able to agree upon an alternative to termination, all of the parties rights, duties and obligations under this Agreement related to such Terminated
Location(s) shall terminate and be of no further force and effect. Buyer may only exercise this right within thirty (30) days of the effective date of the elimination and/or reduction in the credit. 

  
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 *** Confidential material redacted and filed separately with the Commission.

 Due to the ***of the ***of the ***, both parties recognize and agree that the future environment over the term of this
contract may not reflect the environment as of this date. Therefore, should any *** or *** in a manner that ***or *** (in each party’s sole judgment), Buyer and Seller agree to a good faith effort to renegotiate the terms and conditions of this
Agreement to account for such change. Should that renegotiation be unsuccessful, then the disadvantaged party may, at its sole discretion, unilaterally terminate this Agreement for the affected Designated Location(s). In the event a disadvantaged
party makes such an election, all of the parties rights, duties and obligations under this Agreement related to such Terminated Location(s) shall terminate and be of no further force and effect ten (10) days after such party provides written
notice to the other party that it does not believe in good faith that efforts to renegotiate the Agreement will be successful. 

In the event that any***, or ***, or specifically related to the ***of ***for the ***, Buyer and Seller agree to a good
faith effort to renegotiate the terms and conditions of this Agreement to account for such change. Should that renegotiation be unsuccessful, then Buyer at its sole discretion, may in whole or in part, unilaterally terminate this Agreement for the
affected Designated Location(s) on sixty (60) days prior written notice. In the event Buyer makes such an election, all of the parties rights, duties and obligations under this Agreement related to such Terminated Location(s) shall terminate
and be of no further force and effect at the later of the effective date of such taxes or the end of said sixty (60) day notice period. 
 In the event that any ***, *** or *** or *** any ***, *** or *** that *** or *** the *** of ***, and such *** results in Buyer having to *** already *** with *** for the ***, Buyer
may reduce the Contract Quantity by an amount equal to the *** at the *** the *** by the *** or Buyer and Seller agree to a good faith effort to renegotiate the terms and conditions of this Agreement to account for such change. Should that
renegotiation be unsuccessful, then Buyer at its sole discretion, may in whole or in part, unilaterally terminate this Agreement for the affected Designated Location(s) on sixty (60) days prior written notice. In the event Buyer makes such an
election, all of the parties rights, duties and obligations under this Agreement related to such Terminated Location(s) shall terminate and be of no further force and effect at the later of the effective date of the Mandate or the end of said sixty
(60) day notice period. If such *** the *** of *** that can be ***, *** may reduce the Contract Quantity to *** with the ***. Such reduction(s) in the Contract Quantity will take effect at the later of the effective date of
*** days from Seller’s receipt of Buyer’s written notice. 
 In the event that any *** or *** or ***any ***,
***or *** that ***the ***, the *** or *** of ***or *** or the ***uses for *** into *** for the Designated Location(s), Buyer and Seller agree to a good faith effort to renegotiate the terms and conditions of this Agreement to account for
such change. Should that renegotiation be unsuccessful, then Buyer at its sole discretion, may in whole or in part, unilaterally terminate this Agreement for the affected Designated Location(s) on sixty (60) days prior written notice and this
Agreement. In the event Buyer makes such an election all of the parties rights, duties and obligations under this Agreement related to such Terminated Location(s) shall terminate and be of no further force and effect at the later of the effective
date of ***or the end of said sixty (60) day notice period. 
 6. Measurement: Quantities delivered to Buyer’s Designated
Facilities shall be determined in accordance with Section 4 of this Agreement and the requirements of this Section 6. All volumes for delivery shall be temperature-adjusted to 60”F using built-in temperature compensators or ASTM
tables. Either party may require that Biodiesel quantity be determined by a jointly selected, licensed petroleum inspector, whose findings shall be conclusive. Customary inspection costs shall be shared equally, but 

  
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 *** Confidential material redacted and filed separately with the Commission.

 additional services shall be paid for by the party requesting them. The term “gallon” means a U.S. gallon of 231 cubic
inches. All measurements and/or tests shall be made in accordance with the Iatest standards or guidelines published by ASTM. Objections to measurements, including claims for shortage, for quantities delivered from Seller’s facility must be made
to Seller within Sixty (60) calendar days from the date of delivery. 
 7. Price: Daily prices will be *** determined from the
Product Bill of Lading as Product is loaded from the Seller’s Facility or any other Biodiesel facility or terminal. 
 The
daily price per gallon will be based on the Previous day *** for ***plus $*** per gallon FOB ***locations for B1.00 or B99.9*. 

The daily price per gallon will be based on the Previous day *** for*** plus $*** per gallon FOB Buyer’s *** locations or bulk
facilities for B100 or B99.9 excepting ***, ***, and ****. 
 The daily price per gallon will be based on the Previous day ***
for *** plus $*** per gallon FOB Buyer’s ***, ***, and *** locations for B100 or B99.9*. 
 *Should the *** be *** in
*** and *** to the ***, Seller will reduce the per gallon price of the B100 or the B99.9 by the ***of the *** received by Seller. *Should the ***be *** in *** as a ***Seller will reduce the per gallon price of the B99.9 by the amount of the *** on
such gallons. 
 The last reported *** price will be used for weekends, holidays, or other such times that ***does not publish a
value. 
 8. Payment Terms: 
 (a) Buyer agrees to pay Seller by bank ACH wire transfer based on weekly invoices with said wire transfer to be made to Seller within *** days after receipt of invoice. Buyer shall pay for Net
gallons delivered as determined in accordance with Sections 4 and 6 hereof. Buyer shall pay Seller for delivered product(s) in U.S. dollars without any adjustments, discounts, or setoffs, on or before the due date. All past due payments
hereunder shall bear interest from the date due until the date paid at the rate of ***per month or at the maximum rate authorized by law, whichever is less. Accounts that are past due will be ineligible for applicable allowance, deductions, or
discounts, if any. In addition to all other rights and remedies, Seller shall have the right to suspend, cancel or terminate this Agreement if Buyer does not pay all amounts due to Seller in accordance with the terms of this Agreement. 

(b) In addition to all other rights and remedies, in the event of either party’s default respecting any provision of this Agreement,
the non-defaulting party may offset any damages arising therefrom, including, without limitation, withholding payment, delivery or acceptance of product, material or services, relating to any and all agreements or transactions with the defaulting
party. 
 9. Compliance With Laws: Each of Seller and Buyer will make commercially reasonable efforts to ensure that it and its
employees, contractors, carriers, and agents shall comply with all laws, regulations, and standards applicable to the manufacture, storage, sale, transportation, and disposition of Biodiesel. 

  
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 *** Confidential material redacted and filed separately with the Commission.

 10. Safety and Health: Seller is required to furnish Buyer with a complete Material Safety Data Sheet and other information about
the safety and health aspects of Biodiesel prior to the first delivery and shall provide current and updated Material Safety Data Sheets to Buyer during the term of this Agreement. 
 11. Warranty of Title: Seller warrants that it has good title to the Biodiesel sold and delivered hereunder, free of all liens, charges, encumbrances, pledges or security interests. Seller warrants
the Biodiesel is free of any claims of infringement of any patent, copyright or misappropriation of any confidential information or trade secret of other parties. THIS WARRANTY AND THE WARRANTY IN SECTION 12 ARE THE SOLE WARRANTIES MADE BY SELLER
AND ARE IN LIEU OF ALL OTHER EXPRESS OR IMPLIED WARRANTIES. 
 12. Warranty of Quality: Seller represents and warrants that all Biodiesel
supplied to the Buyer’s point of title transfer complies with the most current version of ASTM D-6751 Standard Specification for Fatty Acid Methyl Ester (FAME) B100 for use in compression ignition (diesel) engines (excluding the
Appendixes), or in the case of B99.9, complied when it was B100 immediately prior to blending to B99.9. Seller further represents and warrants that the Biodiesel sold and delivered hereunder complies both with Sections 6426(c), 6427(e) and 40 A of
the Internal Revenue Code and the most current quality assurance standard observed by the National Biodiesel Board or its successor, or in the case of B99.9, complied when it was B100 immediately prior to blending to B99.9. Seller represents and
warrants that the Biodiesel is merchantable and fit for blending into petroleum diesel for on-road consumption. 
 Seller will,
at Buyer’s option and at Seller’s cost (including, but not limited to, laboratory costs, shipping, and handling), submit sufficient samples of Biodiesel to an independent third party laboratory of Buyer’s choosing for quality
assurance testing that the Biodiesel meets all specifications described in the Warranty of Quality. 
 Seller will, at
Buyer’s option and at Seller’s cost (including expense of return and re-delivery), remedy the defect in, replace, or refund the purchase price of, any Biodiesel that fails to meet this warranty. 

Seller additionally represents and warrants that any Biodiesel sold to Buyer during the months of ***, ***, *** will have a maximum cloud
point of ***; and during the months of ***, *** and *** a maximum cloud point of ***. If Buyer, after handling the Biodiesel in conformance with industry practices, experiences any problems with Biodiesel blending resulting from cold weather
situations, both parties agree to work together to resolve the issue. 
 Seller will be BQ9000 compliant, or diligently pursuing
compliance, during the term of this contract. 
 13. Biodiesel Certification: Seller shall provide Buyer a Biodiesel Certificate of
Analysis (“CoA”) for each shipment setting forth at least the following data: Biodiesel source; lab ID; date of lab receipt, date of analysis; test results for the requirement that the Biodiesel meet the most recent ASTM D-6751 Standard
Specification for Fatty Acid Methyl Ester (FAME) B100 for use in compression ignition (diesel) engines. 
 Seller shall
provide Buyer at the delivery at the Designated Location, documentation for each load uniquely referencing the CoA applicable to that load and stating: “Fatty Acid Methyl Ester 

  
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 *** Confidential material redacted and filed separately with the Commission.

 (FAME) B100 containing a minimum 96.5% methyl ester by weight and meeting all applicable ASTM specifications” or “B99.9,
made from Fatty Acid Methyl Ester (FAME) B100 containing a minimum 96.5% methyl ester by weight and meeting all applicable ASTM specifications and 0.1% ULSD. 
 In accordance with EPA’s RFS regulations at *** shall*** to at *** and *** but ***than*** and *** to *** for each *** by *** at the *** of the *** is *** to ***. All such*** shall be for the
*** in which *** was *** to ***, shall be *** with a ***of ***, and shall be *** via a *** that is *** with ***. 
 14. Force
Majeure: Neither party shall be liable to the other for any delay or failure in performance to the extent that it is caused by circumstances beyond its reasonable control, or by fire; explosion; flood; earthquake; storm; act of God; sabotage or
vandalism; strike or other labor disturbance (neither Seller nor Buyer shall be required to settle a labor dispute or take an action that might involve it in a labor dispute); interruption of utility services; or compliance with any law, regulation
or order (regardless of validity) of any governmental or military authority (“Force Majeure Event”); provided however, that notwithstanding the forgoing, a failure to make payments accrued prior to a Force Majeure Event when due shall not
be excused. *** of *** or *** is not a Force Majeure Event. In the event of a Seller Force Majeure Event, nothing contained in this Agreement shall be construed to require Seller to produce or acquire Biodiesel from facilities other than
Seller’s Facility. 
 15. Indemnity: Seller shall indemnify, defend and hold harmless Buyer and its employees and agents
(“Buyer Indemnitees”) against any loss, claim, liability (actual or alleged), fine, or expense (including consequential, incidental, lost profits, or punitive damages, and further to include court costs, attorney fees, and litigation
expenses) (“Damages”), of any kind (including those based in tort, warranty, or strict liability), to the extent asserted by a third party against the Buyer Indemnitees and arising out of, or in connection with any failure of Seller to
comply with this Agreement, or any act or failure to act by Seller in the handling, storage, transportation, or sale of Biodiesel purchased under the Agreement. In responding to such third-party claims, if Seller has acknowledged in writing its
obligation to indemnify Buyer Indemnitees from any such Damages, Seller may select an attorney and may enter into any settlement without affecting this obligation. 
 Likewise, Buyer shall indemnify, defend and hold harmless Seller and its employees and agents (“Seller Indemnitees”) against any Damages, of any kind (including those based in tort, warranty, or
strict liability), to the extent asserted by a third party against the Seller Indemnitees and arising out of, or in connection with any failure of Buyer to comply with this Agreement, or any act or failure to act by Buyer in the handling, storage,
transportation, or sale of Biodiesel purchased under the Agreement. In responding to any third-party claims, if Buyer has acknowledged in writing its obligation to indemnify Seller Indemnitees from any such Damages, Buyer may select an attorney and
may enter into any settlement without affecting this obligation. 
 16. Limitation of Liability: Subject to the obligations of
Section 3, Section 14, and Section 15, neither party shall be liable to the other for consequential, incidental, lost profits, or punitive damages arising out of any breach of this Agreement or for any other reason. 

17. Default and Termination: Either party may terminate the Agreement in the event of a material default by the other party that is not cured
within thirty (30) days after notice of default is given. Upon giving of such notice to the defaulting party, the non-defaulting party may defer shipments or receipt of deliveries until default is cured by the defaulting party. The right to
terminate is in addition to any other remedy that may be available. A waiver of a default in one instance does not extend to any subsequent 

  
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default. Termination of this Agreement shall not relieve Buyer from payment for all Product delivered prior to such termination. In the event of termination of this Agreement, Buyer shall have no
further obligation to take Product pursuant to this Agreement and Seller shall have no further obligation to sell or deliver Product pursuant to this Agreement. Notwithstanding any other provision in this Section 17 or this Agreement, if a
specific damage remedy for a default is provided under this Agreement (including without limitation, Section 3) and such damages are timely paid by the defaulting party, then such payment shall constitute cure of the default for the purposes of
this Section 17 and the non-defaulting party shall not have the right to terminate this Agreement for such default. 
 19. Biodiesel Tax
Credit Exemption: Both parties shall make all necessary reasonable efforts to ensure that the Federal Blender’s Credit is fully available to the Blender of Record of the fuel. However, Seller makes no warranties regarding whether Buyer will
ultimately receive the Credit. 
 20. Governing Law: The purchase of Biodiesel by Buyer, and the Agreement, shall be governed by
Tennessee law, excluding its conflict of laws provisions and excluding the United Nations Convention on Contracts for the International Sales of Goods. 
 21. Survivorship: Seller’s obligations in Sections 1, 8, 11, 13, 15, 16, and 19 above shall survive termination of the Agreement. Buyer’s obligations in Sections 1, 8, 15, 16 and 19 above
shall survive termination of the Agreement. 
 22. Enforceability: The invalidity or unenforceability of any part of the Agreement shall
not affect the validity or enforceability of its remaining provisions. 
 23. Anti-Waiver: The right of either party to require strict
performance by the other of any and/or all the obligations imposed upon the other by the Agreement shall not in any way be affected by any previous waiver, forbearance or course of dealing. 
 24. Merger: The Agreement contains the entire agreement of the parties with respect to its subject matter. 
 25. Assignment: The Agreement, and any rights or duties under it may not be assigned or delegated by operation of law or otherwise by Seller or Buyer without the prior written consent of the other,
which consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing, Seller shall be permitted to assign its rights and/or obligations under the Agreement without the prior consent of Buyer (a) to another
entity, or to Seller’s affiliate or successor (collectively herein “Assignee”), if such Assignee expressly assumes all obligations not otherwise remaining with Seller hereunder, and Seller nonetheless remains responsible hereunder,
and (b) to any lender as collateral security for any indebtedness of Seller to such lender, provided, however, that any further assignment by Seller’s lender requires the prior written consent of Buyer, which consent shall not be
unreasonably withheld, conditioned or delayed. Any attempted assignment or delegation in violation of this Section 24 shall be void. 

26. Notice Requirement: Any claim or notice required by the Agreement to be given shall be in writing and shall be sent by either
(a) certified mail return receipt requested; (b) by a national overnight courier service to the address specified on page one of the Biodiesel Purchase Agreement to which these terms are attached; or (c) by facsimile to the number
specified on page one of the Biodiesel Purchase Agreement to which these terms are attached followed within five business days by a copy delivered by certified mail return receipt requested or by national overnight courier service. 

  
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 *** Confidential material redacted and filed separately with the Commission.

 27. Modification: Both parties agree that no proposals, amendments, modifications, purchase orders, other writings or actions will
modify the terms of this Agreement unless they are in writing and are signed by authorized representatives of both parties. 
 28.
Buyer’s Quality Initiative: Seller shall use commercially reasonable efforts to ensure that Seller’s employees, contractors, carriers, and agents reasonably cooperate with Buyer’s reasonable product quality initiatives, including
completion of Buyer’s survey questionnaires and granting Buyer permission to conduct reasonable periodic on-site auditing upon reasonable prior notice of the manufacturing, storage, sampling, testing, inspection, loading, and transportation
processes; provided that prior to the event of such on-site auditing Buyer agrees to be bound by such confidentiality provisions as are requested by Seller. 
 29. *** 
 Effective as of the date of this Agreement, and through the end of
its Term, in the event that ***to an *** in a ***at a *** to *** for *** than the *** to the *** as provided herein, then *** shall *** the *** to the *** to *** any such ***. The *** of the *** shall be effective as of the date that the *** was ***
for the ***, and shall be effective for the *** to be*** within the*** for which the *** is *** for the ***. 
 An *** as that
term is used here, is defined as a *** within the states of *** or ***. 
 A *** as that term is used here, is defined as a ***
within the ***of a *** between the *** and a single *** taken as a whole; involving not less than *** for *** within a ***; for the same *** as those specified ***, or portions thereof; for delivery within the states of *** or ***; and with *** and
*** to those ***. 
 The *** shall be *** on the basis of *** by *** to an *** in a ***, on the *** at which the *** was ***.

 Should Buyer desire an inspection or audit to determine compliance with provisions of this Section 28, Buyer shall
nonetheless not be entitled to review any information which relates to the confidential information of a third party. With respect to such information the Buyer shall have the right, subject to the terms of this Section 28, to engage an
independent auditor to perform such inspection that is otherwise permitted hereunder (such independent auditor agreeing to sign an appropriate agreement to hold such information confidential). Alternatively, at Buyer’s option, the Buyer may
seek the verification and certification of compliance contemplated above from Seller’s independent auditors. 
 The expense
of any such inspection or audit shall be borne by the Buyer, unless the need for a material correction in the premium to be charged to the Buyer results, in which case the reasonable expense of such inspection or audit shall be borne by the Seller
whose books and records are being audited. 
 30. Miscellaneous: If Buyer designates a third party location for delivery in accordance
with the terms of this Agreement, Seller shall use reasonable commercial efforts to ensure that its transport carriers, contractors, and agents execute and comply with third party’s access, loading/unloading, receipt and/or delivery procedures.
Seller shall use reasonable commercial efforts to ensure that all Seller’s employees, contractors, and agents comply with all reasonable rules and guidelines established by Buyer 

  
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 *** Confidential material redacted and filed separately with the Commission.

 from time to time, including applicable safety rules and its Drug, Alcohol, And Firearm Policy which prohibits possession, use,
consumption, distribution or sale of drugs, drug paraphernalia, alcohol, firearms, ammunition or other weapons upon Buyer’s premises. 

31. Carbon Credits: *** shall retain title to any and all carbon credits associated with the Biodiesel sold pursuant to this Agreement 

END OF DOCUMENT-NO SIGNATURE REQUIRED. 

  
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 *** Confidential material redacted and filed separately with the
Commission. 
  

 Appendix A to 2011 REG - Pilot Contract 

 

																													
	 Store Number
	  	 Store Name
	  	JAN	  	FEB	  	MAR	  	APR	  	MAY	  	JUN	  	JUL	  	AUG	  	SEP	  	OCT	  	NOV	  	DEC	  	TOTAL
	 ***
	  		  		  		  		  		  		  		  		  		  		  		  		  		  	

 Note: The April Monthly Volume is not part of the 2011 Contract Quality, but rather will be shipped from Seller to Buyer
from the *** as provided in the 2010 Biodiesel Purchase Agreement, as amended.