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Exhibit 10.24
 PATENT AND TECHNOLOGY LICENSING AGREEMENT
  ECONO-POWER INTERNATIONAL CORPORATION,
 as Licensor
 and
 HOMELAND ENERGY SOLUTIONS,
 as Licensee
 Dated as of July 26, 2007
 * Portions omitted pursuant to a request for confidential treatment and filed separately with the
Securities and Exchange Commission.




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Table of Contents
 Page1.
    
    
    Definitions
    
    
    32.
    
    
    Licensed Technology
    
    
    43.
    
    
    Grant of License
    
    
    54.
    
    
    No Sublicensing; Reservation of Rights; No Assignment
    
    
    55.
    
    
    Payments
    
    
    56.
    
    
    Improvements to Licensed Technology
    
    
    67.
    
    
    Third Party Technology
    
    
    78.
    
    
    Representations and Warranties
    
    
    79.
    
    
    Certain Covenants
    
    
    810.
    
    
    Confidentiality
    
    
    811.
    
    
    Conditions Precedent, Term; Termination and Default
    
    
    912.
    
    
    GOVERNING LAW; JURISDICTION
    
    
    1013.
    
    
    Promotional Access
    
    
    1114.
    
    
    LIMITATION OF LIABILITY
    
    
    1215.
    
    
    Notices
    
    
    1216.
    
    
    Waiver
    
    
    1317.
    
    
    Entire Agreement
    
    
    1418.
    
    
    Multiple Counterparts
    
    
    1419.
    
    
    Successors and Assigns
    
    
    14
 Annexes




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PATENT AND TECHNOLOGY LICENSING AGREEMENT
 Agreement EPIC Licensee Party Parties
 System Plant
    1. Definitions Section 1 Section 1
 Agreement
 BTU
 Burns & McDonnell Agreement
 Burns & McDonnell
 Confidential Information Section 10(a)
 Default Rate
 Effective Date
 EPC Contract




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EPIC
 EPIC Licensed Technology Section 2
 Financing Agreement
 Improvement Section 6(a)
 License Fee Section 5(a)
 Licensee
 Metering Point
 MMBTU
 Party Parties
 Patents Section 2(a)
 Plant
 Receiving Party Section 10(a)
 Royalty Fee Section 5(b)
 Sub licensee Section 7(c)
 Sub licensor Section 7(c)
 SynGas
 SynGas Metering Equipment
 System
 Technical Information Section 2(b)
 2. Licensed Technology EPIC Licensed Technology
  4




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Patents Patents
  Patents Section 6
 Technical Information Technical Information
 3. Grant of License
 4. No Sublicensing; Reservation of Rights; No Assignment
  5




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5. Payments
 License Fee.
 Royalty Fee.
     Payment Defaults
  
  6




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6. Improvements to Licensed Technology
 a)
    
    Ownership of System Improvement. In the event that Licensee develops or creates
any System Improvements including technical information pertaining thereto, EPIC shall
exclusively own all right, title and interest in, to and under such System
Improvements. Licensee shall undertake all reasonable efforts to ensure that its
employees are required to assign Improvements to Licensee, which shall in turn assign
such System Improvements to EPIC. Any and all System Improvements shall be considered,
for purposes of this Agreement, to have been created or made by EPIC, and Licensee
shall take all actions requested by EPIC in order to give effect to the foregoing.b)
    
    Grant back of License for System Improvements. EPIC hereby grants a perpetual,
worldwide, royalty-free license to Licensee for the use, modification, or refinement of
any System Improvements.
 7. Third Party Technology
  Sub licensor Sub licensee Section 7
 8. Representations and Warranties
      7




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THE PARTIES ACKNOWLEDGE THAT THE WARRANTIES EXPRESSED HEREIN ARE THE SOLE WARRANTIES AND ARE IN
LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE , WHICH ARE HEREBY EXPRESSLY DISCLAIMED.
EXCEPT AS OTHERWISE PROVIDED HEREIN, THE ENTIRE RISK AS TO THE QUALITY AND THE PERFORMANCE OF THE
SYSTEM SHALL BE WITH LICENSEE.
 9. Certain Covenants Section 6
  8




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10. Confidentiality
 Confidential Information Confidential Information Receiving Party
 Disclosure Required by Applicable Law
 Survival Section 10
 Press Releases
 11. Conditions Precedent, Term; Termination and Default
 Conditions Precedent Section 10(a) Section 10(a)
  9




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Term Section 11
 Termination for Failure to Satisfy Conditions Precedent Section 11(a)
 If:
      Section 10(c)
  10




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12. GOVERNING LAW; JURISDICTION
  SECTION 15 SECTION 15
 SECTION 12
  11




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13. Promotional Access
 14. LIMITATION OF LIABILITY
    provided however
 15. Notices Section 15
  12




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16. Waiver
  13




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17. Entire Agreement
 18. Multiple Counterparts
 19. Successors and Assigns
 ECONO-POWER INTERNATIONAL CORPORATIONBy:
    /s/ David W. WakefieldName:
    David W. WakefieldTitle:
    PresidentHOMELAND ENERGY SOLUTIONS, LLCBy:
    /s/ Stephen K. EastmanName:
    Stephen K. EastmanTitle:
    President  14




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