Document:

FORM OF CORN SUPPLY AGREEMENT

 Exhibit 10.9 
 Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [*]. A complete version of this exhibit has been filed
separately with the Securities and Exchange Commission. 
 EXECUTION COPY 
 FORM OF CORN SUPPLY AGREEMENT 
 This
Form of Agreement (“Agreement”) is made this          day of
                    , 2006, by and between CARGILL, INCORPORATED, a Delaware corporation (“Cargill”), with a place of
business at 15407 McGinty Road West, Wayzata, MN 55391, and
                                , a Delaware limited liability company
(“Producer”). Cargill and Producer are each a “Party” and collectively are the “Parties” to this Agreement. 
 RECITALS 
 A. Producer intends to construct, own and operate a plant at
                                 for the production of 100 million gallons
per year of denatured fuel grade ethanol and relate products (as such plant may be expanded or upgraded according to the terms of this Agreement, the “Ethanol Facility”). 
 B. The Ethanol Facility will be located immediately adjacent to Cargill’s grain handling facility located in
                             (“Grain Facility”). 
 C. The Parties intend for Producer to purchase Corn (as defined below) exclusively from Cargill for the purpose of ethanol production at the Ethanol
Facility. 
 D. Corn will be delivered from Cargill to Producer primarily via a bulk grain conveyor running between the Ethanol Facility and
the Grain Facility. 
 E. Producer and Cargill have executed that certain Master Agreement of even date herewith relating to the Ethanol
Facility (the “Master Agreement”). 
 NOW THEREFORE, in consideration of the terms, conditions and covenants contained in
this Agreement and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties agree as follows. 
 AGREEMENT 
 1. Incorporation of Master Agreement; Definitions. 
 a. Master Agreement. The terms and conditions of the Master Agreement are hereby incorporated herein by reference. To the extent
any provision of the Master Agreement conflicts with any provision contained herein, the provision contained herein will control. 
 b. Definitions. Terms capitalized but not defined in this Agreement shall have the meanings ascribed to them by the Master Agreement. In addition, as used in this Agreement, the following capitalized terms have the meanings
indicated: 
 “Agreement” means this Corn Supply Agreement as the same may be amended, supplemented or
otherwise modified according to its terms. 
 “Average Initial Basis” has the meaning specified in
Section 4(b). 

 “Average Origination Basis” has the meaning specified in
Section 4(b). 
 “Belt” has the meaning specified in Section 2(f). 
 “Bulk Weigher” has the meaning specified in Section 2(f). 
 “Buyer” has the meaning specified in Section 9(b). 
 “Capacity Payment” has the meaning specified in Section 4(e). 
 “Cargill Event of Default” has the meaning specified in Section 10.1. 
 “Cargill Fiscal Year” means a fiscal year of June 1 through May 31. 
 “Corn” has the meaning specified in Section 2(e). 
 “Corn Trading P&L” means Cargill’s corn trading margin profit and loss statement applicable to the Grain
Facility; provided, however, that the Corn Trading P&L shall not include (i) the Origination Fee, (ii) the Handling Fee, or (iii) income generated outside of corn positions, including, but not limited to, income from
mixing-blending, income from contract marketing alternatives, or drying income. 
 “Ethanol Facility” has the
meaning specified in the Recitals. 
 “Event of Default” means either a Producer Event of Default or a
Cargill Event of Default, as the context requires. 
 “Forecast” has the meaning specified in
Section 3(a). 
 “Grain Facility” has the meaning specified in the Recitals. 
 “Handling Fee” has the meaning specified in Section 4(d). 
 “Initial Basis” has the meaning specified in Section 4(a)(i). 
 “Initial Quantity” means the number of bushels of Corn Producer expects to purchase for delivery on the Projected Date of
First Delivery. 
 “Invoice” has the meaning specified in Section 5(a). 
 “Investment Grade Credit Rating” means a credit rating of (i) BBB- by Standard & Poor’s, a division of
the McGraw-Hill Companies, Inc., (ii) Baa3 by Moody’s Investors Services or (iii) BBB- by Fitch, Inc. or Fitch Ratings Ltd. (or, in each case, from such Person’s successors or assigns or such equivalent ratings if such ratings
cease to be used by such Person, its successor or assigns). 
 “Master Agreement” has the meaning specified
in the Recitals. 
  

 2 

 “Maximum Amount” means an aggregate maximum amount of $5,350,000 for the
costs (i) to acquire and install the Belt for the Ethanol Facility, (ii) to acquire and install the Bulk Weigher for the Ethanol Facility, and (iii) to acquire and install the Related Equipment. The Maximum Amount under this Corn
Supply Agreement shall be reduced by any amounts paid to Cargill or on behalf of Cargill for the costs incurred by Cargill to acquire and install the Related Equipment. 
 “Non-Defaulting Party” has the meaning specified in Section 10.3(a). 
 “Operating Procedures” has the meaning specified in Section 6. 
 “Origination Fee” has the meaning specified in Section 4(c). 
 “Payment Deadline” has the meaning specified in Section 5(b)(i). 
 “Producer Event of Default” has the meaning specified in Section 10.2. 
 “Projected Date of First Delivery” has the meaning specified in Section 3(c). 
 “Purchase Price” has the meaning specified in Section 4. 
 “Sales Confirmation” has the meaning specified in Section 3(b). 
 “Start-up Period” has the meaning specified in Section 5(b)(i). 
 “Start-up Period Invoice” has the meaning specified in Section 5(b)(iii). 
 “Term” has the meaning specified in Section 11(a). 
 “Threshold Amount” means an amount equal to the product of (i) $0.05 multiplied by (ii) the number of bushels
of Corn sold and delivered by Cargill to Producer during each Cargill Fiscal Year. 
 2. Corn Supply and Use of the Grain Facility.

 a. Sale and Purchase of Corn Requirements. Except as otherwise provided in this Section 2 or Section 14,
Producer will purchase exclusively from Cargill, and Cargill will sell and deliver to Producer from the Grain Facility, all of Producer’s Corn requirements for ethanol production at the Ethanol Facility, including any Corn requirements that
result from the future expansion of the Ethanol Facility so long as such expansion does not increase the Corn requirements to volumes in excess of 3.67 million bushels per month, subject to and in accordance with the terms and conditions of
this Agreement. It is anticipated that Producer’s Corn requirements at the Ethanol Facility will be approximately 3 million bushels per month. 
 b. Use of Grain Facility and Other Facilities to Supply Corn. Cargill’s grain procurement and supply obligations pursuant to this Agreement will be performed primarily using the Grain Facility, and the
Grain Facility will be used primarily 

  

 3 

 
throughout the term of this Agreement for the collection, handling and storage of Corn to be supplied to the Ethanol Facility pursuant to this Agreement.
Cargill may utilize other grain handling and storage facilities available to Cargill for purposes of procuring, handling and storing Corn for use in the Ethanol Facility, if the Parties determine that the use of such other facilities is economically
beneficial to the Parties, or necessary to provide for a continuing supply of Corn to the Ethanol Facility (it is understood and agreed, however, that if the Parties determine to use any such arrangement, the grain receiving facilities and the Belt
located at the Grain Facility will nevertheless continue to be used for delivery of Corn to the Ethanol Facility). Cargill may also utilize the Grain Facility for purposes of collection, handling, and storage of other farm products, including
soybeans, or collection, handling and storage of corn for sale to third parties, as long as the use of the Grain Facility for such other purposes does not disrupt the continuing supply of corn to the Ethanol Facility as contemplated in this
Agreement, and does not otherwise interfere with the operations of the Ethanol Facility. It is understood and agreed that (without limiting the generality of the previous sentence) (i) such other uses may include (A) use of the Grain
Facility to collect, handle and store soybeans procured from soybean producers who also sell corn to Cargill at the Grain Facility (it being the Parties’ intention that storage of soybeans will not normally result in use of more than ten
percent (10%) of the Grain Facility’s storage capacity), and (B) use of the Grain Facility for other purposes during periods in which the Ethanol Facility is not in operation, as a result of planned outages, Force Majeure conditions
or otherwise, and (C) use of the Grain Facility for other purposes in the event that and during periods in which the Ethanol Facility’s Corn requirements are less than 2.78 million bushels per month, but (ii) such other uses may
not interfere with the use of the Grain Facility’s grain receiving facilities or the Belt to provide for a continuing supply of Corn to the Ethanol Facility. Cargill shall maintain the Grain Facility in such a state of repair so as not to
interfere with Producer’s operations. 
 c. Disruption of Use of Grain Facility. In the event Cargill is unable to
utilize the Grain Facility to supply Corn to the Ethanol Facility as a result of Force Majeure, Cargill and Producer will immediately meet and determine alternative methods under which Cargill may arrange for the supply of Corn to the Ethanol
Facility, it being expressly understood by the Parties that this Section 2(c) shall in no way limit Producer’s or Cargill’s rights under Section 4 (Force Majeure) of the Master Agreement. 
 d. Unexcused Failure to Supply. In the event and during any period in which Cargill fails to supply the Corn requirements of the
Ethanol Facility (including a failure to supply Corn that complies with the specifications set forth herein or in the applicable Sales Confirmation and Cargill has not supplied replacement Corn within a reasonable period of time (not to exceed 12
hours after the time for delivery should have been completed based on normal operating procedures) in accordance with Section 14(a)), and such failure is not excused by the terms of this Agreement or is the result of a Force Majeure event not
affecting the operation of the Grain Facility (i.e., the Grain Facility is operational and capable of supplying corn to the Ethanol Facility), then, if Cargill has not paid to Producer sufficient Damages (including lost Net Revenues) for such
unexcused failure to supply, Producer may purchase the Corn requirements of the Ethanol Plant from any other source available to the Producer and Cargill shall be responsible for all 

  

 4 

 
reasonable costs of cover; provided, however, that Cargill shall still be entitled to a Handling Fee for all bushels of corn handled through
the Grain Facility. Producer shall promptly send an invoice electronically to Cargill itemizing the costs of cover (along with adequate supporting documentation) due and payable with respect to such purchase, which amounts shall be paid by Cargill
within three (3) Business Days following Cargill’s receipt of the invoice. 
 e. Corn Specifications. All
product supplied to Producer by Cargill shall meet the applicable legal requirements for U.S. No. 2 yellow corn or better, and shall be 15.5% or less moisture and 10 ppm or less aflatoxin (subject to mutually agreed upon discounts or premiums)
unless otherwise agreed by the Parties as evidenced by a specific Sales Confirmation (“Corn”). 
 f. Corn
Delivery Belt. Corn will be delivered from Cargill to Producer primarily via a bulk grain conveyor running between the Ethanol Facility and the Grain Facility (“Belt”). The Belt will be owned by Producer but acquired and
installed by Cargill not later than thirty (30) days prior to the Testing Date pursuant to plans and specifications mutually agreed upon by the Parties. Cargill will be reimbursed up to the Maximum Amount for the costs incurred by Cargill to
acquire and install the Belt in a manner mutually agreed upon by the Parties; all such costs in excess of the Maximum Amount shall be payable by, and for the sole account of, Cargill. Cargill will have responsibility to operate and maintain the
Belt, and all of the costs reasonably incurred by Cargill in maintenance of the Belt will be shared fifty percent (50%) each by Cargill and Producer. In the event the Belt becomes inoperable for any reason, the Parties will immediately meet and
determine alternative methods for delivery of Corn to the Ethanol Facility. The Corn will be weighed on a bulk weigher owned by Producer but acquired and installed by Cargill on the Belt not later than thirty (30) days prior to the Testing Date
according to the plans and specifications for the Belt (“Bulk Weigher”), and Corn will be graded by Cargill before delivery to Producer pursuant to Section 6 hereof. Cargill will be reimbursed up to the Maximum Amount for the
costs incurred by Cargill to acquire and install the Bulk Weigher in a manner mutually agreed upon by the Parties; all such costs in excess of the Maximum Amount shall be payable by, and for the sole account of, Cargill. Producer’s rights to
locate the Belt and Bulk Weigher on the Grain Facility site are set forth in the Grain Facility Lease. 
 g. Use of
Alternative Feedstocks. In the event, and to the extent, that Producer determines it is beneficial for the operation of the Ethanol Facility to use any raw commodity other than Corn as a substitute or alternative in the production of ethanol at
the Ethanol Facility (“Alternative Commodity”), Producer shall notify Cargill of such intended use as soon as practicable after the determination is made, and Producer and Cargill shall attempt to reach mutual agreement regarding
the supply of such Alternative Commodity by Cargill. In the event that Cargill and Producer reach agreement regarding the supply of such Alternative Commodity by Cargill, the parties shall negotiate in good faith the terms of such supply agreement
and/or any appropriate amendments to this Agreement to reflect the terms thereof. In the event that Cargill and Producer are unable to reach agreement regarding the supply of such Alternative Commodity by Cargill, Producer may not utilize the
Alternative Commodity at the Ethanol Facility unless Cargill 

  

 5 

 
and Producer reach mutual agreement on amendments to this Agreement to reflect the reduction in the anticipated volume of Corn deliveries contemplated in
this Agreement. 
 h. Logistics. Cargill will have absolute discretion to manage all logistics and related operations
in connection with the origination, handling, storage, and delivery of the Corn to Producer, subject to the parameters set forth in this Agreement. 
 3. Forecasts; Orders and Sales Confirmations; Initial Quantity of Corn. 
 a. Forecasts. On a monthly
basis, Producer shall provide to Cargill a written forecast estimating Producer’s anticipated Corn requirements for the immediately following 6 month period (“Forecast”) (for example, a Forecast provided in January would
estimate the Corn needs at the Ethanol Facility for the following February through July). On a weekly basis, Producer and Cargill will discuss Producer’s Corn volume needs for the subsequent week. From time to time as the parties deem
appropriate, Cargill and Producer will discuss the cash corn basis price and/or basis range that the parties believe appropriate for originating Producer’s estimated Corn needs; provided, however, that Cargill will have ultimate
discretion, exercised in a commercially reasonable manner, to determine the basis price used to originate Corn for Producer’s Corn needs. 
 b. Orders and Sales Confirmations. Cargill will sell to Producer, and Producer will purchase from Cargill, approximately 100,000 bushels of Corn per calendar day during the Term, commencing on the Start-Up
Date, and the Corn will be priced in accordance with Section 4 of this Agreement. Each sale of Corn to Producer shall be evidenced by a separate Cargill sales confirmation (“Sales Confirmation”). Each Sales Confirmation at a
minimum shall specify the quantity and quality of the Corn, the delivery date and delivery location, the purchase price (i.e., the applicable basis and futures reference month as determined in accordance with Section 4 below), and any
applicable discount from or premium to the purchase price, and such other information as the Parties may agree to include. On a daily basis, Producer shall submit to Cargill firm orders (setting forth specific bushel requirements) in writing or via
telephone and Cargill shall issue the Sales Confirmation to Producer in writing promptly upon receipt of such firm order. Corn shall not be transferred across the Belt to the Ethanol Facility unless a Sales Confirmation is in place and the Corn has
been priced. To the extent that any terms of any Sales Confirmation conflict with the terms of this Agreement, the terms of this Agreement shall govern unless both Parties have specifically expressed their intent in writing to supercede the terms of
this Agreement. If both parties mutually agree that a Sales Confirmation may be cancelled, then such Sales Confirmation will be cancelled. Cargill shall provide Producer with a daily list, by no later than 9:00 am CST/10:00 a.m. EST, of Corn
transfers to the Ethanol Facility for the prior 24-hour period (12 midnight to 12 midnight). 
 c. Initial Quantity of
Corn. Producer expects to purchase the Initial Quantity for delivery by August 1, 2007 (the “Projected Date of First Delivery”). Producer shall provide reasonable advance notice to Cargill of the Initial Quantity and any
revisions to 

  

 6 

 
the Projected Date of First Delivery, together with its anticipated need for Corn during the first six months of operations at the Facility. 
 4. Purchase Price. The purchase price (“Purchase Price”) for each bushel of Corn shall be the sum of the Base Corn Price (as may
be adjusted through the monthly reconciliation process), the Origination Fee and the Handling Fee, which are defined in Sections 4(a), 4(c) and 4(d) hereof. 
 a. Base Corn Price. Producer shall pay to Cargill the Base Corn Price for Corn supplied to the Facility. The Base Corn Price
charged to Producer will be determined as follows: 
  

	 	i.	For all Corn delivered to Producer on a particular day, the initial corn cash/basis bid (“Initial Basis”) to be applied will be the daily posted Cargill Grain
Facility cash/basis bid (delivered Grain Facility) for U.S. No. 2 yellow corn, 15.5 moisture, 10 ppm aflatoxin for the day immediately preceding the Sales Confirmation (i.e., the day before the Corn is delivered); plus 

 

	 	ii.	The applicable futures price, as determined under the Futures Advisory Agreement between Cargill Commodity Services, Inc. and Producer; plus or minus 

  

	 	iii.	The applicable quality discounts or premiums as mutually agreed by the Parties. 

 b. Reconciliation. [*] 
 *
Certain confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission. 
  

 7 

 c. Origination Fee. Producer shall pay to Cargill a fee of [*] (USD $[*]) per
bushel of Corn delivered to the Ethanol Facility (the “Origination Fee”). The Origination Fee will be adjusted in accordance with the process set forth in Section 4(f). 
 d. Handling Fee. Producer shall pay to Cargill a fee of [*] (USD $[*]) per bushel of Corn supplied to the Facility (the
“Handling Fee”). The Handling Fee will be adjusted in accordance with the process set forth in Section 4(f). 
 e. Capacity Payment. In the event the aggregate sum of the Origination Fees and the Handling Fees paid to Cargill during any rolling twelve-month period is less than $2,000,000, Producer shall pay to Cargill the sum of
(i) $2,000,000 minus (ii) the aggregate sum of the Origination Fees and Handling Fees paid to Cargill during such twelve-month period (the “Capacity Payment”), so long as no Event of Default regarding Cargill
occurred during such period. 
 f. Origination Fee and Handling Fee Adjustments. 
 i. On the fifth (5th) anniversary of the date of this Agreement, upon the written request of either Party, the Parties shall negotiate in good faith to adjust the Origination Fee and the Handling Fee to take into account changes in market
conditions, operating conditions or costs, inflation or other factors; provided, however, that in the event the Parties are unable to agree to any such adjustments within thirty (30) days following commencement of such
negotiations, the fees described in Section 4(c) and 4(d), as applicable, shall remain unchanged and in full force and effect. 
 ii. On each of the tenth (10th) anniversary and the fifteenth (15th) anniversary of the date of this Agreement, at the written request of either Party, the Parties shall negotiate in good faith to adjust the
Origination Fee and the Handling Fee then in effect to take into account changes in market conditions, operating conditions or costs, inflation or other factors; provided, however, that in the event the Parties are unable to agree to
any such adjustments within thirty (30) days following commencement of such negotiations, at the written request of either Party the dispute shall be settled by “baseball” arbitration in accordance with Section 4(f)(iii).

 iii. Following delivery of a written request to arbitrate an Origination Fee or Handling Fee dispute pursuant to
Section 4(f)(ii), the Parties shall, within thirty (30) days, each elect an independent arbitrator with experience in the grain supply industry. Within fifteen (15) days thereafter, the two arbitrators selected by the Parties shall
confer and agree on a third independent arbitrator with 
 * Certain confidential information on this page has been omitted and filed separately with the
Securities and Exchange Commission. 
  

 8 

 
experience in the grain supply industry. The Parties shall each submit to the arbitrators the amount of the Handling Fee and Origination Fee requested by
such Party, together with supporting documentation as such Party may determine reasonable. Within ten (10) days thereafter, the arbitrators shall select, by a majority vote, the submission of one of the Parties as the Handling Fee and
Origination Fee that will be applicable to this Agreement from that date until the next adjustment period. The selection made by the arbitrators shall be conclusive, binding on the Parties and not subject to challenge or appeal in any forum;
provided, however, that at any time during the arbitration process, the Parties may agree on the Handling Fee or Origination Fee. The Parties may also agree to use a single independent arbitrator in lieu of the three arbitrators as
contemplated herein, and in that case selection by the single expert will be binding on the Parties. 
 5. Payment. 
 a. Invoice. By no later than 10 a.m. CST on each Business Day after Corn is supplied to the Ethanol Facility, Cargill will send an
invoice electronically to Producer setting forth the Purchase Price due from Producer for all such Corn (“Invoice”). With respect to any amount payable by Producer to Cargill under Section 2(f) hereof (relating to Belt
maintenance costs), or any other amounts due by Producer to Cargill hereunder, Cargill will send, on a monthly basis, an invoice electronically to Producer itemizing the amounts due and payable with respect to the previous month
(“Miscellaneous Invoice”). 
 b. Payment Due. 
 i. Producer shall pay to Cargill the amount set forth in each Invoice and each Miscellaneous Invoice no later than by 12:00 noon on the
1st Business Day following the Invoice date (the “Payment Deadline”); provided,
however, that Invoices for Corn supplied to the Ethanol Facility for the period from the Start-Up Date through the 13th Business Day following the Start-Up Date (the “Start-up Period”) shall be payable in accordance with Section 5(b)(iii) hereof. Prior to the Start-Up Date, Corn supplied to the Ethanol Facility shall be
evidenced by a Sales Confirmation and shall be paid for by Producer in advance of or on the delivery date according to procedures to be mutually agreed upon by the parties. 
 ii. Payment by Producer shall be made via ACH electronic payment. In addition to any other rights that Cargill may have relating to
Producer’s failure to pay by the Payment Deadline, Cargill shall be entitled to apply, and Producer shall pay to Cargill, interest on all amounts outstanding past the Payment Deadline at the rate equal to the Default Rate. 
 iii. Invoices for Corn supplied during the Start-up Period (the “Start-up Period Invoices”) shall be payable not later
than fifty-seven (57) days following the date of the initial Start-up Period Invoice; provided, however, that (A) interest shall accrue, and be payable by Producer, at the rate equal to the Default Rate on all Start-up
Invoice amounts outstanding (i.e., not paid by 12 noon on the first Business Day following the Invoice date) until payment in full of such amounts, 

  

 9 

 
and (B) Producer shall pay on each Payment Deadline following the Start-up Period, in addition to the amounts otherwise due on such Payment Deadline, a
minimum amount equal to 1/42nd of the original aggregate amount of the Start-up Period Invoices plus interest calculated in accordance with Section 5(b)(iii)(A). 
 6. Weighing, Sampling and Analysis. Cargill will operate and maintain the Bulk Weigher in accordance with applicable regulations for the purpose of weighing, grading and inputting account information related to
the supply of Corn by Cargill hereunder. The Corn will be inspected, weighed and graded by Cargill before the Corn is transported via the Belt to the Ethanol Facility pursuant to operating procedures to be mutually agreed upon in writing prior to
the Testing Date (as amended from time to time, the “Operating Procedures”). The Operating Procedures will provide among other things (a) for inspection, sampling and analysis, and weighing of the Corn in accordance with legal
requirements and in a manner generally consistent with trade practices in effect and appropriate for the transactions contemplated in this Agreement, (b) that Producer will be entitled access to Corn samples in the event a question arises over
Corn quality, in which case Producer will have the right to request that the Corn samples be re-tested by state grain inspectors, and (c) procedures for the testing and calibration of the Bulk Weigher on a semi-annual basis or on the request of
Cargill or Producer in the event Cargill or the Producer has a good faith belief that the Bulk Weigher is not accurate, and (d) procedures for adjustment or true-up of the Purchase Price for Corn in the event the Belt Weigher is found to be
outside of applicable tolerances in accordance with law or, if lower, industry standards. Any unresolved disputes concerning the weight, volume, grade or quality of Corn delivered hereunder will be resolved pursuant to applicable laws, regulations
and trade practices as in effect from time to time. Cargill and Producer will work together to provide employees with training relating to operation of the Belt; provided, however, that Producer will pay for any Producer employees
necessary for the operation of the Belt who must be trained and licensed in accordance with all laws. 
 7. Delivery, Title and Risk of
Loss. The Corn will be delivered to the Ethanol Facility FOB the Ethanol Facility. Cargill will operate the Belt for the purpose of transporting the Corn from the Grain Facility to the Ethanol Facility. Delivery is complete once Cargill delivers
the Corn via the Belt to the day bin at the Ethanol Facility, at which point title and risk of loss transfers to Producer. 
 8. Contact
Persons. In order to facilitate the performance by both Parties of the terms of this Agreement in an efficient and expedient manner, and in order to provide for the timely exchange of information necessary or appropriate to fulfill the
intentions of the Parties under this Agreement, within a reasonable period of time after the commencement of the Term, but in no event later than the Start-Up Date, each of Producer and Cargill shall provide written notice of the other of the
individuals that will serve as the primary and secondary contacts for such Party hereunder, unless either Party provides the other Party with notice of a different primary or secondary contact pursuant to Section 10(b) (Notices) of the Master
Agreement. 
  

 10 

 9. Changes in Ownership of the Grain Facility. Cargill will own and operate the Grain Facility
throughout the term of this Agreement (subject to the provisions of the Grain Facility Lease, Section 12, and the existence of Force Majeure conditions), and will not sell, lease or otherwise transfer the Grain Facility to any other Person
except as permitted by this Section. 
 a. Permitted Internal Transfers. Cargill may sell or otherwise transfer the
Grain Facility (in whole and not in part) to any wholly-owned Affiliate so long as (i) Cargill notifies Producer of the transfer, (ii) such wholly-owned Affiliate shall contemporaneously be assigned and shall assume all of Cargill’s
rights and obligations under this Agreement under an instrument which does not relieve Cargill of primary responsibility under this Agreement, and (iii) such wholly-owned Affiliate acquires its interest subject to the Grain Facility Lease and
executes and delivers to Producer a non-disturbance agreement in form and substance reasonably satisfactory to Producer with respect to the Grain Facility Lease and Producer’s rights thereunder. 
 b. Permitted Transfers to Third Parties. Cargill may sell or otherwise transfer the Grain Facility (in whole and not in part) to
any Person other than a wholly-owned Affiliate (a “Buyer”) so long as (i) Cargill notifies Producer and the Financing Parties of the transfer as soon as practicable prior to entering into a binding commitment with respect to
the transfer (e.g., notice is provided after a letter of intent is executed) (and in any event at least fourteen (14) days prior to the consummation of the transfer, in the case of any transfer for which the first refusal right in
Section 9(c) is not applicable), (ii) the Buyer has corn procurement capabilities (or, with Cargill assistance, will be caused to have corn procurement capabilities) that are substantially similar to the corn procurement capabilities of
Cargill (including service offerings such as risk management tools and other services designed to attract sales of corn to the Grain Facility), (iii) the Buyer shall have demonstrated to the reasonable satisfaction of Producer the Buyer’s
ability to perform all of its obligations under this Agreement, which satisfaction shall be deemed to be met if the assignee has an Investment Grade Credit Rating at the time of such sale, lease or transfer, (iv) the Buyer shall
contemporaneously be assigned and shall assume all of Cargill’s rights and obligations under this Agreement, (v) if applicable in connection with the transfer, Producer shall have waived its first refusal right pursuant to
Section 9(c) hereof, and (vi) the Buyer acquires its interest subject to the Grain Facility Lease and executes and delivers to Producer a non-disturbance agreement in form and substance reasonably satisfactory to Producer with respect to
the Grain Facility Lease and Producer’s rights thereunder. 
 c. First Refusal Right. In any case in which Cargill
intends to sell or otherwise transfer the Grain Facility to any Buyer pursuant to Section 9(b) hereof, either as a stand alone facility or in connection with the transfer of a regional operating unit (i.e., a group of assets or businesses
operating primarily in a region or territory including the Grain Facility and up to two additional grain handling facilities), Cargill shall provide written notice to Producer containing all of the terms and conditions of the proposed transfer, and
Producer shall be entitled to purchase the Grain Facility on the same terms and conditions contained in the binding commitment between Cargill and the Buyer (except that (i) for purposes of the right of first refusal, the Parties shall in good
faith allocate the purchase price among individual properties that are part of a regional 

  

 11 

 
operating unit, and (ii) if a shorter period to closing is provided for in the commitment, Producer shall be entitled to a period of at least sixty
(60) days to consummate the transaction). If Producer intends to exercise its first refusal right, it must deliver to Cargill an irrevocable commitment to do so as soon as practicable and in no event later than thirty (30) days after
receipt of the notice from Cargill. If Producer fails to provide an irrevocable commitment within the 30-day period or waives its first refusal right prior to that time, then Cargill will be free to consummate the proposed transfer subject to the
terms and conditions specified in Section 9(b) and in the binding commitment between the Buyer and Cargill. 
 d.
Change of Control. In the event the Grain Facility is transferred to any wholly-owned Affiliate of Cargill pursuant to Section 9(a) above, then any change with respect to that Affiliate that results in Cargill owning or controlling less
than a majority of the voting or economic interests of such Affiliate will be deemed to be a transfer of the Grain Facility for purposes of this Section 9. 
 10. Defaults and Remedies. 
 10.1 Cargill Event of Default. The following shall constitute
events of default on the part of Cargill (each, a “Cargill Event of Default”) under this Agreement: 
 a.
Cargill fails to deliver at least seventy-five percent (75%) of the Corn ordered and confirmed pursuant to Section 3(b) for a 24-hour period on twelve (12) separate occurrences within any 12-month period under circumstances where such
breach or failure is not excused by this Agreement, including by a Force Majeure condition; provided, however, that any such failure shall not constitute a triggering occurrence hereunder unless (i) Producer has provided Cargill
with written notice of such failure, and (ii) if such failure is curable, Cargill has not cured such failure within 3 days of its receipt of such written notice; 
 b. three or more incidents of willful misconduct by Cargill in the performance of its obligations hereunder occur in any 12-month period
and Producer provides Cargill with written notice of each such incident, or any one incident of willful misconduct by Cargill occurs where (i) such willful misconduct has a Material Adverse Effect on Producer or the Ethanol Facility and
(ii) such willful misconduct is done under the direction of or otherwise sanctioned by Cargill’s board of directors or senior management; 
 c. Cargill files a voluntary petition in bankruptcy, has filed against it an involuntary petition in bankruptcy, makes an assignment for the benefit of creditors, has a trustee or receiver appointed for any or all of
its assets, is insolvent or fails or is unable to pay its debts generally when due, in each case where such petition, appointment or insolvency is not dismissed, discharged or remedied, as applicable, within sixty (60) days; 
 d. Cargill leases the Grain Facility to another Person, or sells or otherwise transfers the Grain Facility to a Buyer without complying
with Section 9(b); or 
  

 12 

 e. Cargill fails to pay any amount that is due to Producer under this Agreement that is
not excused by this Agreement, and (i) Producer provides written notice to Cargill of such failure, (ii) the Net Aggregate Exposure at such time is negative or becomes negative at any time prior to Producer’s receipt of such past-due
amounts (plus amounts payable pursuant to Section 10.3(a)(i), if any), (iii) Producer delivers to Cargill written confirmation that the Net Aggregate Exposure is, or has become, negative and demands, in such confirmation, payment of such
past-due amount, and (iv) Cargill fails to pay to Producer such past-due amount (plus amounts payable pursuant to Section 10.3(a)(i), if any) within 153 days of Cargill’s receipt of such confirmation; or 
 f. a Cargill Event of Default has occurred (and has not been waived by Producer) under any Principal Document. 
 10.2 Producer Event of Default. The following shall constitute events of default on the part of Producer (each, a “Producer Event of
Default”) under this Agreement: 
 a. Producer fails to pay any amount that is due to Cargill under this Agreement
that is not excused by this Agreement, and (i) Cargill provides written notice to Producer and the Financing Parties of such failure, (ii) the Net Aggregate Exposure at such time is positive or becomes positive at any time prior to
Cargill’s receipt of such past-due amounts (plus amounts payable pursuant to Section 10.3(a)(i), if any), (iii) Cargill delivers to Producer written confirmation that the Net Aggregate Exposure is, or has become, positive and demands,
in such confirmation, payment of such past-due amount, and (iv) Producer fails to pay to Cargill such past-due amount (plus amounts payable pursuant to Section 10.3(a)(i), if any) within 153 days of Producer’s receipt of such
confirmation; 
 b. three or more incidents of willful misconduct by Producer in the performance of its obligations hereunder
occur in any 12-month period and Cargill provides Producer with written notice of each such incident, or any one incident of willful misconduct by Producer occurs where (i) such willful misconduct has a Material Adverse Effect on Cargill or the
Grain Facility, and (ii) such willful misconduct is done under the direction of or otherwise sanctioned by Producer’s governing body or senior management; 
 c. Producer procures or purchases on two (2) or more occasions in a 12-month period Corn or Alternative Commodity for ethanol
production at the Ethanol Facility from a Person other than Cargill in an amount equal to or greater than 2,000 bushels per purchase where not otherwise permitted to do so by the terms of this Agreement; 
 d. Producer files a voluntary petition in bankruptcy, has filed against it an involuntary petition in bankruptcy, makes an assignment for
the benefit of creditors, has a trustee or receiver appointed for any or all of its assets, is insolvent or fails or is unable to pay its debts generally when due, in each case where such petition, appointment or insolvency is not dismissed,
discharged or remedied, as applicable, within sixty (60) days; 
  

 13 

 e. Producer sells, leases, assigns or otherwise transfers the Ethanol Facility or any
rights in the Principal Documents or the Grain Facility Lease to a third party other than as permitted in this Agreement or any other agreement to which Cargill and Producer are parties; or 
 f. a Producer Event of Default has occurred (and has not been waived by Cargill) under any Principal Document. 
 10.3 Remedies and Procedures. 
 a. Remedies for Breach Not Constituting an Event of Default. In the event that either Party breaches or fails to perform any commitment or obligation contained herein, under circumstances where such breach or failure does not
constitute an Event of Default, and such breach or failure is not excused by this Agreement, including by a Force Majeure condition, the other Party (the “Non-Defaulting Party”) may exercise any remedy or right specified in the
Master Agreement or this Agreement in connection with such breach or failure. In addition, and without limiting the foregoing: 
 i. in the event either Party fails to pay any amounts due to the other Party when due, the Non-Defaulting Party shall be entitled to charge and receive interest accrued on the unpaid amount from the date it was due until the date actually
paid at the Default Rate; 
 ii. if a Party breaches or fails to perform in any material respect any of its commitments or
agreements contained in this Agreement, the defaulting Party shall be liable to the Non-Defaulting Party for Damages arising out of or resulting from such breach as provided in Section 9 of the Master Agreement (subject to the Non-Defaulting
Party’s duty to mitigate its Damages); provided, however, that notwithstanding Section 9(c) of the Master Agreement and Section 2(c), in the event Cargill fails to deliver at least ninety-five percent (95%) of the
Corn ordered and confirmed pursuant to Section 3(b) for a 24-hour period on three (3) separate occasions within any 30-day period, and Producer gives written notice to Cargill of each such failure, then for each subsequent failure, the
Damages payable by Cargill shall include the loss of Net Revenues suffered by Producer as a result of each such subsequent failure; provided, further, however, that for the avoidance of doubt, the amount of the Net Revenues lost
shall be calculated by reference to the average price of Ethanol from the Ethanol Facility sold by Cargill to its customers for the 7-day period ending on the date of the breach. 
 iii. if a Party breaches or fails to perform in any material respect any of its commitments or agreements contained in any Principal
Document, and such breach or failure is of a continuing nature, the Non-Defaulting Party may (A) request the defaulting Party, as a condition of continuing its performance under this Agreement, to provide adequate assurance of performance of
the defaulting Party’s obligations under this Agreement; and/or (B) seek injunctive relief. 
  

 14 

 iv. if (A) Cargill fails to deliver at least seventy-five percent (75%) of the
Corn ordered and confirmed pursuant to Section 3(b) for a 24-hour period where such breach or failure is not excused by this Agreement, including by a Force Majeure condition, and (B) the events described in clauses (i) and
(ii) of Section 10.1(a) have occurred, Producer may by written notice to Cargill, suspend payment of the Purchase Price during the continuance of such default or breach, provided that once Cargill has remedied such default or
breach, Producer shall promptly pay Cargill the suspended payments without interest or carrying charge. 
 v. if
(A) Producer fails to pay any amount that is due to Cargill under this Agreement that is not excused by this Agreement, (B) the events described in clauses (i) through (iii) of Section 10.2(a) have occurred, and
(C) Producer has failed to pay to Cargill such past-due amount (plus amounts payable pursuant to Section 10.3(a)(i), if any) within three (3) days of Producer’s receipt of the confirmation delivered pursuant to
Section 10.2(a)(iii), Cargill may by written notice to Producer, Suspend Performance during the continuance of such default or breach, provided that once Producer has remedied such default or breach Cargill shall promptly continue such
Corn deliveries and procurement; and 
 vi. if Producer procures or purchases Corn or Alternative Commodity for ethanol
production at the Ethanol Facility from a Person other than Cargill where not otherwise permitted to do so by the terms of this Agreement, Cargill shall have the option, exercised in its sole discretion, (i) to not accept delivery of such Corn
or Alternative Commodity at the Grain Facility, or (ii) to accept delivery of such Corn or Alternative Commodity at the Grain Facility and charge Producer the Handling Fee and Origination Fee with respect to such Corn. Producer shall be
obligated to notify Cargill in writing in the event Producer has actual knowledge of any such procurement or purchase. 
 b.
Remedies for Events of Default. Upon the occurrence of an Event of Default that has not been waived by the Non-Defaulting Party, the Non-Defaulting Party shall have all of the following rights and remedies in addition to the rights and
remedies specified in Section 10.3(a) above, which may be exercised in such order or combination as such Non-Defaulting Party may determine: (i) terminate this Agreement, or (ii) subject to the limitations set forth in Section 9
of the Master Agreement (relating to consequential damages), pursue any other remedies available at law or in equity; provided, however, that such Non-Defaulting Party shall not be allowed to Suspend Performance except as set forth in
this Agreement or the Master Agreement. 
 11. Term. 
 a. Initial Term. The term (the “Term”) of this Agreement shall commence on the date hereof and shall continue for
a period of twenty (20) years from the Start-Up Date, subject to extension pursuant to Section 11(b) and subject to earlier termination under the provisions of Section 10.3 above or Sections 12 or 15 below, or pursuant to
Section 3 of the Master Agreement (relating to termination for failure to commence 

  

 15 

 
operations of the Ethanol Facility or in circumstances where Cargill acquires the Ethanol Facility or where Producer acquires the Grain Facility).

 b. Renewal Periods. The Term shall be automatically extended for a period of two (2) years after the end of the
initial 20-year period specified in Section 11(a) and after the end of any two-year extension period, unless at least one (1) year prior to the end of the initial term or any extended term either Party provides a written notice of
termination to the other Party. 
 c. Separation Upon Expiration of Term. For a one (1) year period after the
expiration of the Term, the Parties will provide reasonable cooperation with each other to provide for an orderly separation of the Grain Facility and the Ethanol Facility, provided, however, that this Section 11(c) shall in no
way obligate Cargill to provide services to Producer and nor shall it limit the Parties’ rights and obligations with respect to the Transition Period. 
 12. Casualty Occurrence. 
 a. Affecting the Grain Facility. In the event all or
any part of the Grain Facility is damaged or destroyed by any casualty during the term of this Agreement, Cargill shall have the obligation to repair and restore or rebuild to substantially the same condition that the Grain Facility was in prior to
such casualty according to plans and specifications developed by Cargill, taking into account the obligations of Cargill to deliver Corn pursuant to this Agreement and, to the extent required by applicable law or if the Parties mutually agree, any
changes in technology or design standards then in effect in the grain storage and handling industry, unless the Parties determine pursuant to Section 2b above that other grain storage and handling facilities may be economically utilized to
provide a continuous supply of Corn to the Ethanol Facility. 
 b. Affecting the Ethanol Facility. In the event all or
any part of the Ethanol Facility is damaged or destroyed by any casualty during the term of this Agreement, Producer shall have the obligation to repair and restore or rebuild it to substantially the same condition that the Ethanol Facility was in
prior to such casualty according to plans and specifications developed by Producer, taking into account, to the extent required by applicable law or if the Parties mutually agree, any changes in technology or design standards then in effect in the
ethanol production industry, and to apply the proceeds of casualty insurance to such repair and restoration or rebuilding; provided, however, if Producer is required by the terms of the Financing Documents to apply the proceeds of
casualty insurance to the repayment of the related indebtedness, or if the Ethanol Facility cannot be repaired and restored or rebuilt within a period of 180 days and the Parties determine that the Ethanol Facility should not be repaired and
restored or rebuilt, then this Agreement shall terminate. 
 13. Warranties; Disclaimer. Cargill warrants to Producer that the Corn
sold to Producer at the time delivered to the Ethanol Facility shall conform to the specifications for the Corn set forth herein or on the applicable Sales Confirmation, subject to applicable discounts or premiums. Cargill warrants that the Corn
will not include any article or commodity that may not, 

  

 16 

 
under the provisions of the Food, Drug and Cosmetic Act, be introduced in U.S. interstate commerce. Cargill further warrants to Producer that it has title to
the Corn free and clear of all liens and encumbrances. Except as specifically provided herein, CARGILL DISCLAIMS ANY AND ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE. PRODUCER ASSUMES ALL RISK AND LIABILITY RESULTING FROM THE USE OF THE GRAIN, WHETHER USED SINGLY OR IN COMBINATION WITH OTHER SUBSTANCES OR IN ANY PROCESS. THERE ARE NO ORAL WARRANTIES COLLATERAL TO OR AFFECTING SUCH SALE.

 14. Non-Conforming Corn. 
 a. All Corn must be accepted if it complies with specifications set forth herein or in the applicable Sales Confirmation. Producer’s exclusive remedy and Cargill’s exclusive liability for shipment of
non-conforming Corn or for breach of warranty is expressly limited to (i) replacement, within a reasonable period of time (not to exceed 12 hours after the time for delivery should have been completed based on normal operating procedures), of
the non-conforming Corn at no charge to Producer (shipping costs to be paid by Cargill), or (ii) if Cargill is unable to provide such replacement Corn, reasonable costs of cover as set forth in Section 2(c) and the payment of any Damages
pursuant to Section 9(b) of the Master Agreement. All nonconforming Corn rightfully rejected shall be returned to Cargill, at Cargill’s sole expense, or, at Cargill’s direction, disposed of by Producer in a manner mutually acceptable
to Producer and Cargill with all costs of such disposition to be paid by Cargill. 
 b. Notwithstanding anything to the
contrary in this Agreement, any claim by Producer with respect to any Corn or any Sales Confirmation other than a claim for shipment of nonconforming Corn (which shall be governed by Section 14(a)), whether based on breach of warranty,
contract, negligence, strict liability or other tort, shall be made promptly by Producer upon Producer’s notice or knowledge of any such claim and shall be deemed to be waived unless received, in writing, by Cargill within ten (10) days
after the delivery of the Corn to the Ethanol Facility. 
 c. Notwithstanding anything to the contrary in this Agreement, each
Party agrees to use commercially reasonable efforts to mitigate any Damages incurred by it hereunder. 
 15. Force Majeure. In the
event that Producer exercises its rights under Section 4 (Force Majeure) of the Master Agreement, Producer shall still be required to purchase all Corn originated by Cargill in connection with Section 3 of this Agreement for the time prior
to Cargill’s receipt of the notice of the Force Majeure and to pay to Cargill any outstanding amounts due under any Sales Confirmations, and any costs arising from diversion of the Corn. 
 16. No Partnership. There is no relationship of partnership, joint venture, employment, franchise, or agency between the parties, and neither
party shall make any representation to the contrary. Under no circumstances shall Cargill be liable for the debts or obligations of Producer (including any indebtedness incurred by Producer or its parent company 

  

 17 

 
to finance the construction and development of the Ethanol Facility, and any other bank financing, tax-exempt or taxable bonds or trade debt incurred by
Producer or for which Producer is liable) or for the wages, salaries, or benefits of Producer’s employees, and Producer hereby agrees to indemnify, defend, and hold harmless Cargill from and against the same. The provisions of this Section
shall survive the expiration or earlier termination of this Agreement. 
 17. Changes in Ownership of the Ethanol Facility. Producer
will own, and have operational control of, the Ethanol Facility throughout the Term of this Agreement, subject to the existence of Force Majeure conditions, and will not sell, lease or otherwise transfer the Ethanol Facility to any other Person
except as permitted by this Agreement or any other agreement to which Cargill and Producer are parties. 
 18. Integrated Agreements.
The Parties hereby acknowledge and agree that the Corn Supply Agreement and the Grain Facility Lease have been negotiated and entered into simultaneously as integrated parts of one unified transaction with a common purpose. Without limiting the
generality of the forgoing, (i) the Parties would not have entered into the Corn Supply Agreement and the Grain Facility Lease separately without entering into the other, (ii) the consideration for such agreements is not separate and
distinct, but interrelated and incorporated by reference between the Corn Supply Agreement and the Grain Facility Lease, and (iii) in the event that either of the Parties becomes a debtor in bankruptcy, the Parties intend that the Corn Supply
Agreement and the Grain Facility Lease are either accepted or rejected together as one executory contract. 
 [The next page is the signature
page.] 
  

 18 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

  

									
	CARGILL, INCORPORATED	 		 	 ______________________________________

					
	 By:
	 	  	 		 	 By:
	 	  
	 Name:
	 	  	 		 	 Name:
	 	  
	 Title:
	 	  	 		 	 Title:
	 	  

  

 S-1FORM OF DISTILLERS GRAINS MARKETING AGREEMENT

 Exhibit 10.10 
 EXECUTION COPY 
 FORM OF DISTILLERS GRAINS MARKETING AGREEMENT

 THIS FORM OF DISTILLERS GRAINS MARKETING AGREEMENT (the “Agreement”) is made and entered into as of the
         day of                         , 2006 by and between CARGILL,
INCORPORATED, a Delaware corporation (“Cargill”) and                         , a Delaware limited
liability company (“Producer”), collectively referred to hereinafter as “Parties” or individually as a “Party”. 
 RECITALS 
 A. Cargill markets DG (as defined below). 
 B. Producer will produce DG upon construction and startup of the denatured fuel-grade ethanol production facility that Producer intends to build in
                         (the “Ethanol Facility”). 
 C. Cargill desires to market Producer’s DG. 
 D. Cargill and Producer have executed that certain Master Agreement of even date herewith (the “Master Agreement”). 
 NOW, THEREFORE, in consideration of the foregoing, the mutual promises herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows. 
 AGREEMENT 
 1. MARKETING.

 (a) Exclusivity. Producer hereby agrees to sell to Cargill, and Cargill agrees to purchase and market, 100% of Producer’s
production of distiller’s dried grains, distiller’s dried grains with solubles, wet distiller’s grains, modified wet distiller’s grains, modified dried distiller’s grains and condensed distiller’s solubles produced from
corn (collectively, “DG”) produced at the Ethanol Facility, including any expansion or increase in capacity at the Ethanol Facility. Producer agrees that Cargill will be the exclusive marketer of Producer’s DG and that Producer
will not, either itself or through any affiliate, market any DG during the term of this Agreement. Notwithstanding the foregoing, in the event Cargill delivers to Producer written notice of a Force Majeure event as provided in Section 4(b) of
the Master Agreement, and such Force Majeure event continues to prevent Cargill from marketing Producer’s DGs for more than seven (7) consecutive days after delivery to Producer of such notice, Producer may, upon delivery of written notice
to Cargill but subject to the terms of the Confidentiality Agreement, market, either directly or indirectly, the DGs produced by or stored at the Ethanol Facility, but only so long as such Force Majeure continues to prevent Cargill from marketing
such DGs. 
 (b) Marketing Objectives. Cargill and Producer shall consult regularly with respect to Cargill’s marketing efforts
and strategies for Producer’s DGs purchased by Cargill. Producer may at any time and from time to time recommend changes to the marketing efforts and 

 
strategies being utilized by Cargill. Cargill shall have seven (7) days to respond to Producer’s recommendations. In the event Producer’s
recommendations are not objectionable, Cargill shall memorialize in writing such changes and otherwise implement such recommendations. In the event Producer’s recommendations are objectionable, or were otherwise not accept in full by Cargill,
Cargill shall negotiate with Producer in good faith and shall use commercially reasonable efforts to come to an agreement with respect to such recommendations within fifteen (15) days. Cargill shall memorialize in writing such changes as are
mutually agreed to and otherwise cause such mutually agreed to changes to be implemented; provided, however, that Cargill shall have the authority to make all final determinations with respect to such decisions and strategies and
Producer agrees to accept such determinations. 
 2. MASTER AGREEMENT AND TRADE RULES. The terms and conditions of the Master
Agreement are hereby incorporated herein by reference. To the extent any provision of the Master Agreement conflicts with a provision contained herein, the provision contained herein will control. Terms capitalized but not defined in this Agreement
shall have the meanings ascribed to them by the Master Agreement. This Agreement shall be governed by the then-current Feed Trade Rules of the National Grain and Feed Association (the “Trade Rules”), unless otherwise specified. In
the event the Trade Rules and the terms and conditions of this Agreement conflict, this Agreement shall control. 
 3. PRICE;
COMMISSION. Cargill shall pay Producer for its DG in accordance with the terms set forth in Exhibit A. Producer shall pay Cargill a commission for its DG marketing as calculated in Exhibit A. Cargill shall deduct this commission as provided in
Exhibit A. The Parties agree that after the Ethanol Facility has been in commercial operation for five years, the Parties shall make reasonable efforts to determine the prevailing commission being paid to marketers of DG produced by third parties in
the United States and agree to negotiate in good faith to make a reasonable adjustment, if any, to the commission provided in Exhibit A. If a prevailing commission rate cannot reasonably be determined, no adjustment shall be made to the commission
provided in Exhibit A. 
 4. PAYMENT. Cargill shall use commercially reasonable efforts to invoice each customer within one Business
Day of shipment of each load of DG from the Ethanol Facility. Title to each load of DG shall pass to Cargill at the time such load passes across the scale into rail cars or trucks at the Ethanol Facility (the “Title Transfer
Point”). Cargill shall pay Producer for all such DG within thirty (30) days of invoicing each customer, in accordance with the terms set forth in Exhibit A. Notwithstanding the foregoing, Producer acknowledges and agrees that Cargill
may place its DG in storage rather than selling it to customers due to market conditions. As a result, (i) Cargill will be unable to provide Producer with pricing and cost information at the Title Transfer Point with respect to DG placed in
storage; and (ii) Cargill may not pay Producer in a given month for all of the DG that Producer delivers to Cargill in such month. Notwithstanding the foregoing, if, following consultation with Cargill in accordance with Section 1(b),
Producer desires that the DG be sold to customers rather than placed in storage, Cargill, at its option, shall (i) sell such DG to its customers rather than placing it in storage, or (ii) place such DG in storage, in which case Producer
shall not be responsible for any Accessorial Charges otherwise payable in accordance with Section 5 with respect to such storage and Cargill shall pay to Producer the current fair market value of such DG as determined by the 

  

 2 

 
Parties, which value shall be deemed to be the “F.O.B. Ethanol Facility Price” or the “Delivered Sale Price” (as applicable, for purposes
of Exhibit A) for such DG. 
 5. COSTS; TITLE AND RISK OF LOSS. Except as otherwise provided in this Agreement, Cargill will provide
management resources to market and sell DG, including the management of logistics and collection, after the DG produced at the Ethanol Facility passes the Title Transfer Point. Title and risk of loss shall transfer to Cargill at the Title Transfer
Point. Until such time, Producer shall be deemed to be in control of and in possession of and shall have title to and risk of loss for the DG. Cargill shall also assume responsibility for payment of Accessorial Charges (as defined in Exhibit A) to
third parties; provided, however, that Producer agrees (i) to promptly reimburse Cargill for such Accessorial Charges upon submission to Producer of an invoice itemizing such Accessorial Charges; and (ii) that Cargill may
deduct and setoff the Accessorial Charges from and against payments due to Producer by Cargill. 
 6. TRANSPORTATION; LOGISTICS.

 6.1 Logistics and Transportation. Cargill and Cargill’s agents shall be given access to the Ethanol
Facility in accordance with the terms set forth in Exhibit B, which may be amended by agreement of the Parties in writing, from time to time. Cargill shall perform certain logistics functions for Producer, including the arranging of rail and truck
freight, inventory management, contract management, bills of lading, and scheduling pick-up appointments. Transportation by truck may be provided at Cargill’s discretion. Cargill shall determine the method of transporting DG to customers.
Notwithstanding anything to the contrary herein, Producer shall be solely responsible for any damage to any trucks, railcars or equipment, or vessels caused by acts or omissions of Producer and its consignees. Cargill will use commercially
reasonable efforts to furnish railcars to service Producer and charge Producer the Leased Railcar Charges (as defined below). Producer acknowledges that Cargill may enter into railcar lease agreements in reliance on the Projected Date of First
Delivery (as defined below). Producer agrees (i) to promptly reimburse Cargill for such Leased Railcar Charges upon submission to Producer of an invoice itemizing such leased Railcar Charges; (ii) that this payment obligation will commence
on the date Cargill begins to incur such Leased Railcar Charges and shall survive the expiration or earlier termination of this Agreement or the Master Agreement; and (iii) that Cargill may deduct and setoff the Leased Railcar Charges from and
against payments due to Producer by Cargill. Cargill agrees to use commercially reasonable efforts to deploy railcars not needed by Producer for other uses, whether by sublease, re-allocation or otherwise, and any revenues received by Cargill from
such deployment shall be applied to reduce the Leased Railcar Charges. Following the execution by Cargill of any stand-alone railcar lease agreement or a rider to an existing master railcar lease agreement, if any, and in each case for railcars to
service Producer, Cargill shall not amend or modify, or consent to the amendment or modification of, any such stand-alone railcar lease agreement or rider without the prior written consent of Producer. Cargill shall also maintain, at Producer’s
request, property damage insurance with respect to the leased railcars reasonably satisfactory to Producer (the “Railcar Insurance”); provided, that the premiums for, and any deductible paid in connection with a claim under,
such Railcar Insurance shall be Accessorial Charges (as defined in Exhibit A). If at any time Producer no longer has existing or currently contemplated contractual restrictions with 

  

 3 

 
respect to its ability to enter into railcar lease agreements directly, Producer agrees to negotiate in good faith with Cargill the reasonableness of an
assignment of any existing Cargill railcar lease agreements to Producer. 
 For purposes of this Agreement, “Leased
Railcar Charges” shall mean lease railcar costs and charges incurred by Cargill (as determined by Cargill) multiplied by the number of railcars that Cargill allocates to transport DG from the Ethanol Facility. 
 6.2 Loading. Cargill shall schedule the loading and shipping of all outbound DG purchased hereunder, but all labor and equipment
necessary to load trucks and rail cars and other associated costs shall be supplied and borne by Producer without charge to Cargill. Producer agrees to handle the DG in a good and workmanlike manner in accordance with Cargill’s written
requirements and normal industry practice. Producer shall maintain the truck and rail loading facilities in safe operating condition in accordance with normal industry standards and will visually inspect all trucks and rail cars to assure
(i) cleanliness so as to avoid contamination; and (ii) that such trucks and railcars are in a condition suitable for transporting the DG. Cargill agrees that its employees will follow all reasonable safety rules and procedures promulgated
by Producer and provided to Cargill in writing. Producer will supply product description tags, certificates of analysis, bills of lading and/or material safety data sheets that are applicable to all shipments. 
 6.3 DG Storage at Ethanol Facility. Producer shall have storage space at the Ethanol Facility, at its sole cost, for not less than
ten thousand (10,000) tons of 11% moisture dried distillers grains with solubles, which shall be continuously available for storage of DG so as to provide flexibility in marketing efforts. Due to limited storage at the Ethanol Facility, Cargill
shall arrange transportation and deliveries of Producer’s DG so that excess inventories do not limit Producer’s ethanol production. If Producer expands its ethanol capacity, Producer shall correspondingly expand its DG storage capacity.
Producer shall be responsible at all times for the quality and condition of DG in storage at the Ethanol Facility. 
 6.4
Notices of Scheduled Production. Commencing on the fifteenth day of the month preceding the Date of First Delivery (as defined in Section 6.6), and on the first Business Day of each subsequent month during the term of this Agreement,
Producer shall notify Cargill of its scheduled production for the upcoming three (3) month period. On a weekly basis, Producer shall provide a written estimate (the “Weekly Estimate”) to Cargill of the volume of DG (each such
amount, a “DG Parcel”) to be produced and delivered by Producer at least five (5) days prior to the beginning of the week during which it is to be removed by Cargill, together with a notice of the amount of DG in inventory as
of the date of the notice. Regardless of the amounts set forth in each Weekly Estimate, Cargill shall schedule for removal by truck or rail car the actual quantity of DG produced by Producer in the relevant week less the sum of such amount of DG
that Cargill requests Producer to store at the Ethanol Facility, at no additional cost to Cargill, up to an aggregate of ten thousand (10,000) tons at any time of 11% moisture dried distillers grains with solubles (and/or an equivalent quantity
of distillers dried grains, wet distillers grains, modified wet distillers grains, modified dried distillers grains and/or 

  

 4 

 
condensed distillers solubles produced from corn). In the event that Producer fails to provide the labor, equipment and facilities necessary to meet
Cargill’s loading schedule, Producer shall be responsible for all costs and expenses, including without limitation actual demurrage and wait time, incurred by Cargill resulting from or arising in connection with Producer’s failure to do
so. Cargill shall use commercially reasonable efforts to order and schedule trucks or rail cars for truck or rail shipments. All truck freight charges and rail tariff rate charges shall be billed directly to Cargill and deducted by Cargill from the
proceeds of Cargill’s DG sales to customers. 
 6.5 Sale Commitments. From time to time during the term of this
Agreement and in order to maximize the sales price of DG, Cargill may enter sales contracts or agreements in its reasonable discretion with third-party purchasers of the DG, which contracts are dependent on the availability of DG from Producer.
Cargill will include Force Majeure clauses in such contracts unless Producer and Cargill agree otherwise. Cargill shall periodically consult with Producer for the purpose of keeping Producer apprised of such agreements. In the event Producer fails
to produce DG in accordance with a written production schedule provided to Cargill for reasons other than Force Majeure, and as a result Cargill is required to purchase DG from third parties to meet previous DG sale commitments that are based upon a
written schedule provided by Producer, Cargill may charge Producer the deficiency volume multiplied by the positive difference (if any) between the price of replacement DG and the price that Cargill would have paid to Producer for such DG under this
Agreement. 
 6.6 Notice of First Delivery. For purposes of this Agreement, “Date of First Delivery” means
the date that Producer first delivers DGs produced at the Ethanol Facility to Cargill. Producer expects the Date of First Delivery to occur by August 1, 2007 (“Projected Date of First Delivery”). Producer shall provide
reasonable advance notice to Cargill of any revisions to the Projected Date of First Delivery. Additionally, together with each notification listed above, Producer shall provide a best estimate of production on a daily basis for the six
(6) month period following the Date of First Delivery. 
 7. SPECIFICATIONS; QUALITY. 
 7.1 DG Specifications. Producer covenants that at all times during the term of this Agreement it shall produce DG that, upon
loading at the Ethanol Facility, meets the respective specifications (“Specifications”) set forth in Exhibit C. Cargill shall have the right to test each shipment of DG to ascertain that the Specifications are being met. In the
event that upon delivery at the customer’s destination point it is reasonably determined by Cargill pursuant to independent testing or analysis of a representative sample or samples taken consistent with industry standards upon delivery that
the DG failed to meet the Specifications for any reason other than the negligence or intentional misconduct of Cargill (or a third party with which Cargill has a contractual relationship), Cargill may, in its sole discretion, (a) reject such DG
and require Producer to promptly replace such non-conforming DG with DG that complies with the Specifications, or (b) accept the DG for marketing and, if necessary, adjust the price to reflect the inferior quality, as provided in Exhibit A. If
Cargill rejects any non-conforming DG, Cargill will 

  

 5 

 
use reasonable efforts to assist Producer in identifying a use or market for the non-conforming DG, which may include sale of the non-conforming DG or
reprocessing in the Ethanol Facility. 
 7.2 Feed Ingredient Standards. Producer understands that Cargill intends to
market DG produced under this Agreement as a primary animal feed ingredient, and that said products are subject to minimum standards for such use. Producer agrees and warrants that unless caused by the negligence or intentional misconduct of Cargill
or a third party with which Cargill has a contractual relationship, DG, upon unload at the customer’s destination point, shall be acceptable in the feed trade under current industry standards and shall be an approved feed ingredient under
applicable standards promulgated by the Association of American Feed Control Officials Incorporated. 
 7.3 Compliance With
FDA and Other Standards. Producer warrants that the unless caused by the negligence or intentional misconduct of Cargill or a third party with which Cargill has a contractual relationship, DG, upon unload at the customer’s destination
point, will not be “adulterated” or “misbranded” within the meaning of the Federal Food, Drug and Cosmetic Act (the “Act”) and that each shipment may lawfully be introduced into interstate commerce under the Act.
Producer further warrants that the DG, upon unload at the customer’s Ethanol Facility, shall comply with all state and federal laws, rules and regulations (including without limitation the Trade Rules) including those governing quality, naming
and labeling of bulk product. 
 7.4 Regulatory Seizure. Payment of invoice and acceptance of delivery shall not waive
Cargill’s rights if the DG does not comply with the terms of this Agreement or the Specifications. Should any of the DG delivered hereunder be seized or condemned by any federal or state department or agency as a result of its failure to
conform to this Agreement prior to delivery, such seizure or condemnation shall operate as a rejection by Cargill of the goods seized or condemned and Cargill shall not be obligated to offer any defense in connection with such seizure or
condemnation. When rejection occurs, Cargill shall deliver written notice to Producer within a reasonable time of the rejection and identify the deficiency that resulted in the rejection and at its option, Cargill may: 
 (a) Safely dispose of the rejected goods in accordance with applicable laws, rules and regulations after first offering Producer a
reasonable opportunity of examining and taking possession thereof, if the condition of the goods reasonably appears to Cargill to permit such delay in making disposition; provided that Cargill shall be responsible for all liabilities
resulting from Cargill’s failure to safely dispose of such rejected goods; 
 (b) Dispose of the rejected goods in any
manner directed by Producer which Cargill can accomplish without violation of applicable laws, rules or regulations; or 
 (c)
If Cargill has no available means of disposal of rejected goods and Producer fails to direct Cargill to dispose of the rejected goods as provided herein, 

  

 6 

 
Cargill will return the rejected goods to Producer, upon which event Cargill’s obligations with respect to said rejected goods shall be deemed
fulfilled. 
 In addition to other obligations under this Agreement or at law, Producer shall reimburse Cargill for all
out-of-pocket costs reasonably incurred by Cargill in storing, transporting, returning and disposing of the rejected goods in accordance with this Agreement. 
 7.5 Adultered DG. If Producer knows or reasonably suspects that any DG produced at the Ethanol Facility is adulterated or
misbranded, or otherwise not in compliance with the terms of the Agreement, Producer shall immediately so notify Cargill in writing so that such product can be tested before entering interstate commerce. If Cargill knows or reasonably suspects that
any DG produced by Producer at the Ethanol Facility is adulterated, misbranded or otherwise not in compliance with the terms of this Agreement, then Cargill may obtain independent laboratory tests of the affected goods. If such goods are tested and
found to comply in all respects with all warranties and covenants made by Producer herein, Cargill shall pay all testing costs, and if the goods are found not to comply with any such material warranties or covenants in all material respects,
Producer will pay all testing costs, provided, however, that if such testing was prompted by Producer’s notice to Cargill under this Section 7.5 Producer will pay all testing costs. 
 7.6 Recalls. Producer shall, at its sole cost and expense, comply and cooperate with any recall of DG reasonably determined to be
necessary by Cargill. In the event that it is deemed necessary or appropriate by Cargill in its reasonable determination, either in response to government action or otherwise, to recall any DG produced by Producer pursuant to this Agreement due to
non-conformance with the terms of this Agreement, Producer agrees to be responsible for all reasonable out-of-pocket costs of such recall and recovery, including, but not limited to, loss of products, transportation of products, notices and
communications necessary or appropriate to effecting such recall and all reasonable out-of-pocket costs and expenses incurred in defending actions brought in connection with such recall. 
 7.7 Sampling. Producer will take a minimum of one (1) origin, representative sample from each lot of the DG before it leaves
the Ethanol Facility. Cargill shall be entitled to witness the taking of samples. Producer will label these samples to indicate the applicable DG lot numbers, date of shipment, and the truck or railcar number. Producer shall send one sample to
Cargill promptly upon Cargill’s request. Producer may request that Cargill test results be provided to it at any time after the tests are completed. Producer will also retain the samples and labeling information for no less than one
(1) year or any longer period required by law. 
 7.8 No liens. Producer warrants that DG delivered to Cargill
hereunder shall be free and clear of all liens and encumbrances of any nature whatsoever other than liens in favor of Cargill and liens permitted by the Corn Supply Agreement. 
  

 7 

 8. QUANTITY AND WEIGHTS. 
 8.1 Purchase of Ethanol Facility Output. On the first Business Day of each month, Producer shall notify Cargill of its scheduled
production of DG for the upcoming three (3) month period. Producer shall notify Cargill of anticipated production downtime or disruption in DG availability at least three (3) months in advance of such outage. Cargill shall purchase all DG
made available by Producer under this Agreement; provided, however, that Producer acknowledges that Cargill makes no representations, guarantees or warranties of any nature whatsoever as to the prices at which it may be able to sell DG. 

8.2 Weighing. The quantity of DG delivered to Cargill at the Ethanol Facility shall be established by weight certificates
obtained from Producer’s scales or from such other scales as the Parties shall mutually agree, which are certified as of the time of weighing and which comply with all applicable laws, rules and regulations; provided, however, that if the
weights obtained from Producer’s scales conflict with destination weights from certified scales at the customer’s destination point, destination weights shall govern and Producer shall be solely responsible for any shortage. In the case of
rail shipments, the official railroad weights will govern establishment of said quantities. Producer shall provide Cargill with a fax copy of the outbound weight certificates on a daily basis and such outbound weight certificates shall be
determinative of the quantity of DG for which Cargill is obligated to pay pursuant to Section 3. 
 8.3 Facility
Product Mix. On an ongoing basis during the term of this Agreement, Cargill shall, after consultation with Producer and based on the production capabilities of the Ethanol Facility, determine the quantities of distillers’s dried grains,
distiller’s dried grains with solubles, wet distiller’s grains, modified wet distiller’s grains, modified dried distillers grains and condensed distiller’s solubles that Producer should produce and make available to Cargill.
Cargill shall promptly notify Producer in writing of each such determination (the “Notice of Determination”); provided, however, that if Producer disagrees with the facility product mix detailed in the Notice of
Termination, Producer shall notify Cargill in writing of such disagreement (the “Notice of Disagreement”) and the basis for such disagreement within three (3) days of receipt of the Notice of Determination. Cargill shall use
commercially reasonable efforts to select a facility product mix satisfactory to Producer within ten (10) days from receipt of the Notice of Disagreement. 
 9. MARKETING EFFICIENCIES. Cargill agrees to market Producer’s DG using commercially reasonable efforts and the same standards it uses to market its own DG production and the DG production of third parties
for whom Cargill provides DG marketing services to (a) maximize the DG price and minimize freight and other costs relevant to DG sales and (b) achieve the best available return to Producer and Cargill, subject to relevant market
conditions. Producer acknowledges that Cargill will use its commercially reasonable judgment in making decisions related to the quantity and price of DG marketed under this Agreement, in light varying freight and other costs, and the fact that
Cargill may sell and market DG on its own account and/or on the account of third parties into the same markets where Cargill sells Producer’s DG. Cargill will communicate with Producer on marketing decisions and strategies in accordance with
Section 1(b). Producer waives any claim of conflict of interest against Cargill or failure by Cargill to maximize the economic benefits of this Agreement for Producer in light of the inherent 

  

 8 

 
uncertainties associated with marketing DG in the relevant markets; provided however, that Producer does not waive the right to terminate this agreement for
any such material conflict of interest that directly results in material quantifiable pecuniary loss to Producer. In the event that Producer desires to terminate this Agreement for a conflict of interest as described in the preceding sentence, then
such notice of termination shall be controlled by Section 10.3 of this Agreement; provided however, if Cargill disputes the existence or impact of the conflict of interest, Producer and Cargill shall follow the dispute resolution procedures set
forth in Section 7 of the Master Agreement in order to determine whether Producer may terminate this Agreement and the parties shall continue to perform their obligations under this Agreement in good faith during the pendency of such dispute
resolution proceedings. 
 10. TERM. This Agreement shall have an initial term of 10 years, commencing on the Start-Up Date. The
Parties further acknowledge and agree Cargill may, in order to fulfill its obligations to Producer under this Agreement, enter into railcar lease agreements prior to the Start-Up Date. Producer hereby agrees to reimburse Cargill for all costs and
expenses associated with such railcar lease agreements entered into prior to the Start-Up Date promptly upon submission to Producer of an invoice itemizing such costs and expenses. 
 11. EVENTS OF DEFAULT. 
 11.1 Cargill Event of Default. The following shall constitute events of default on the part of Cargill (each, a “Cargill Event of Default”) under this Agreement: 
 (a) Cargill fails on three (3) separate occasions within any 12-month period to purchase DG in accordance with Section 1(a) or
to market DG in accordance with Section 9 under circumstances where such breach or failure is not excused by this Agreement, including by a Force Majeure condition; provided, however, that any such failure shall not constitute a
triggering occurrence hereunder unless Producer has provided Cargill with written notice of each such failure. 
 (b) Cargill
fails to pay any amount that is due to Producer under this Agreement that is not excused by this Agreement, and (i) Producer provides written notice to Cargill of such failure, (ii) the Net Aggregate Exposure at such time is negative or
becomes negative at any time prior to Producer’s receipt of such past-due amounts (plus amounts payable pursuant to Section 11.3(a)(i), if any), (iii) Producer delivers to Cargill written confirmation that the Net Aggregate Exposure
is, or has become, negative and demands, in such confirmation, payment of such past-due amount, and (iv) Cargill fails to pay to Producer such past-due amount (plus amounts payable pursuant to Section 11.3(a)(i), if any) within 153 days of
Cargill’s receipt of such confirmation; 
 (c) three or more incidents of willful misconduct by Cargill in the
performance of its obligations hereunder occur in any 12-month period and Producer provides Cargill with written notice of each such incident, or any one incident of willful misconduct by Cargill occurs where (i) such willful misconduct has a
Material Adverse Effect on Producer and, (ii) the Ethanol Facility or such 

  

 9 

 
willful misconduct is done under the direction of or otherwise sanctioned by Cargill’s board of directors or senior management; 
 (d) Cargill files a voluntary petition in bankruptcy, has filed against it an involuntary petition in bankruptcy, makes an assignment for
the benefit of creditors, has a trustee or receiver appointed for any or all of its assets, is insolvent or fails or is generally unable to pay its debts when due, in each case where such petition, appointment or insolvency is not dismissed,
discharged or remedied, as applicable, within sixty (60) days; or 
 (e) a Cargill Event of Default has occurred (and has
not been waived by Producer) under any Principal Document. 
 11.2 Producer Event of Default. The following shall
constitute events of default on the part of Producer (each, a “Producer Event of Default”) under this Agreement: 
 (a) Producer fails to pay any amount that is due to Cargill under this Agreement that is not excused by this Agreement, and (i) Cargill provides written notice to Producer and the Financing Parties of such failure, (ii) the Net
Aggregate Exposure at such time is positive or becomes positive at any time prior to Cargill’s receipt of such past-due amounts (plus amounts payable pursuant to Section 11.3(a)(i), if any), (iii) Cargill delivers to Producer written
confirmation that the Net Aggregate Exposure is, or has become, positive and demands, in such confirmation, payment of such past-due amount, and (iv) Producer fails to pay to Cargill such past-due amount (plus amounts payable pursuant to
Section 11.3(a)(i), if any) within 153 days of Producer’s receipt of such confirmation; 
 (b) three or more
incidents of willful misconduct by Producer in the performance of its obligations hereunder occur in any 12-month period and Cargill provides Producer with written notice of each such incident, or any one incident of willful misconduct by Producer
occurs where (i) such willful misconduct has a Material Adverse Effect on Cargill, and (ii) such willful misconduct is done under the direction of or otherwise sanctioned by Producer’s governing body or senior management; 

(c) For reasons other than a Force Majeure event or a default by Cargill, from and after the date the Ethanol Facility is placed into
commercial operations, either (1) the monthly Ethanol production at the Ethanol Facility is less than 6.25 million gallons for three (3) or more months in any consecutive twelve month period, or (2) the total Ethanol Production
at the Ethanol Facility in any period of twelve (12) consecutive months is less than 75 million gallons; 
 (d)
Producer files a voluntary petition in bankruptcy, has filed against it an involuntary petition in bankruptcy, makes an assignment for the benefit of creditors, has a trustee or receiver appointed for any or all of its assets, is insolvent or fails
or is generally unable to pay its debts when due, in each case 

  

 10 

 
where such petition, appointment or insolvency is not dismissed, discharged or remedied, as applicable, within sixty (60) days; or 
 (e) a Producer Event of Default has occurred (and has not been waived by Cargill) under any Principal Document. 
 11.3 Remedies and Procedures. 
 (a) Remedies for Breach Not Constituting an Event of Default. In the event that either Party breaches or fails to perform any commitment or obligation contained herein, under circumstances where such breach or
failure does not constitute a Cargill Event of Default or a Producer Event of Default (each, as the context requires, an “Event of Default”), and such breach or failure is not excused by this Agreement, including by a Force Majeure
condition, the other Party (the “Non-Defaulting Party”) may exercise any remedy or right specified in the Master Agreement or this Agreement in connection with such breach or failure. In addition, and without limiting the foregoing:

 (i) in the event either Party fails to pay any amounts due to the other Party when due, the Non-Defaulting Party shall be
entitled to charge and receive interest accrued on the unpaid amount from the date it was due until the date actually paid at the Default Rate; 
 (ii) if a Party breaches or fails to perform in any material respect any of its commitments or agreements contained in this Agreement, the defaulting Party shall be liable to the Non-Defaulting Party for Damages
arising out of or resulting from such breach as provided in Section 9 of the Master Agreement (subject to the Non-Defaulting Party’s duty to mitigate its Damages); provided, however, that notwithstanding Section 9(c) of
the Master Agreement, in the event of a breach by Cargill hereunder of its obligation to market DG in any amount, the measure for Damages arising from a breach shall include the loss of Net Revenues suffered by Producer as a result of such breach.
For the avoidance of doubt, the amount of the Net Revenues lost shall be calculated by reference to the average price of DG from the Ethanol Facility sold by Cargill to its customers for the 7-day period ending on the date of the breach; and

 (iii) if a Party breaches or fails to perform in any material respect any of its commitments or agreements contained in
any Principal Document, and such breach or failure is of a continuing nature, the Non-Defaulting Party may (A) request the defaulting Party, as a condition of continuing its performance under this Agreement, to provide adequate assurance of
performance of the defaulting Party’s obligations under this Agreement; and/or (B) seek injunctive relief. 
  

 11 

 11.4 Remedies for Events of Default. Upon the occurrence of an Event of Default
that has not been waived by the Non-Defaulting Party, the Non-Defaulting Party shall have all of the following rights and remedies in addition to the rights and remedies specified in Section 11.3(a) above, which may be exercised in such order
or combination as such Non-Defaulting Party may determine: (i) terminate this Agreement, or (ii) subject to the limitations set forth in Section 9 of the Master Agreement (relating to consequential damages), pursue any other remedies
available at law or in equity; provided, however, that such Party shall not be allowed to Suspend Performance except as set forth in this Agreement or the Master Agreement. 
 12. NEW PRODUCTS. The Parties acknowledge that this Agreement contemplates the production and marketing of certain types of DG, meeting
certain specifications, generally intended for use as animal feed products. Nonetheless, it is the intent of the Parties that the following provisions shall apply if Producer desires to produce new products derived from DG or any component thereof
(including without limitation fats, carbohydrates or protein) that are created or developed during the term of this Agreement, whether or not intended for use as animal feed products (collectively, “New Products”): 
 12.1 Producer shall provide Cargill with ninety (90) days prior written notice of its intent to produce New Products (the
“New Product Notice”). The New Product Notice shall contain detailed information about the New Products, including without limitation a detailed description of the New Products, intended markets, and anticipated volume. 

12.2 If Cargill contracted to sell any of Producer’s DG to third parties at the time of receipt of the New Product Notice
(“Contracted Volume”), then Producer shall pay Cargill the difference if any between (i) the price that Cargill pays to replace the Contracted Volume, and (ii) the price that Cargill would have paid Producer for such
Contracted Volume under this Agreement. 
 12.3 Producer agrees to engage Cargill to market, and Cargill agrees to market,
100% of Producer’s production of New Products produced at the Ethanol Facility, subject to the terms of this Agreement. Producer and Cargill agree to negotiate in good faith any amendments to this Agreement that may be necessary or appropriate
in light of the New Products (including without limitation amendments to the specifications, volumes, warranties and prices set forth herein). 
 [The next page is the signature page.] 
  

 12 

 IN WITNESS THEREOF, each of the Parties hereto has caused this Distillers Grains Marketing Agreement to
be executed by its respective duly authorized representative as of the day and year first above written. 
  

			
	CARGILL, INCORPORATED
		
	 By:
	 	  
	 Name:
	 	  
	 Title:
	 	  
	
	 _________________________________

		
	 By:
	 	  
	 Name:
	 	  
	 Title:
	 	  

  

 [Signature Page to Form of DG Marketing Agreement] 

 EXHIBIT A 
 Terms relating to payment and commission calculation 
 Cargill agrees to pay Producer for all
Standard-Grade DDG and DDGS loaded into railcars and trucks and weighed at the Ethanol Facility for shipment to customers an amount equal to the lesser of (i) ninety-seven percent (97%) of the F.O.B. Ethanol Facility Price or (ii) the
F.O.B. Ethanol Facility Price minus $2.00 per ton, with Cargill being entitled to retain as its commission the greater of the remaining three percent (3%) or $2.00 per ton (“Initial Price”), with settlement weights as described
in Section 8.2 of the Agreement. 
 Cargill agrees to pay Producer for all Non-Standard-Grade DDG and DDGS loaded into railcars and
trucks at the Ethanol Facility and weighed for shipment to customers, an amount equal to the lesser of either (i) the F.O.B. Ethanol Facility Price for such Non-Standard-Grade DDG or DDGS less three percent (3%) of the weighted average
F.O.B. Ethanol Facility Price of all Standard-Grade DDG or DDGS sold by Cargill to third parties in a rolling thirty (30) day period preceding the date of customer’s invoice, or (ii) the F.O.B. Ethanol Facility Price for such
Non-Standard DG less $2.00 per ton, with Cargill being entitled to retain as its commission the greater of the remaining three percent (3%) or $2.00 per ton (“Non-Standard Initial Price”). 
 Cargill agrees to pay Producer for all Standard-Grade and Non-Standard-Grade DWG, MDWG, MDDG, and CDS loaded into railcars and trucks at the Ethanol
Facility and weighed for shipment to customers an amount equal to the F.O.B. Ethanol Facility Price for such material minus $3.00 per ton with Cargill entitled to retain such $3.00 per ton as its commission. 
 “Accessorial Charges” shall mean charges imposed by third parties for the off-loading, movement and storage of Producer’s DG, including without
limitation taxes, tonnage taxes, hard-to-unload truck or railcar charges/transloading charges, railcar operating and maintenance expenses, premiums for the Railcar Insurance, any deductible payable for claims made under the Railcar Insurance, fuel
surcharges, storage charges, demurrage charges, product shrinkage, detention charges, switching, and weighing charges (but excluding Tariff Freight Costs). Neither Party shall be responsible for demurrage charges caused solely by the negligence or
willful misconduct of the other Party. 
 “Delivered Sale Price” shall mean sales dollars received by Cargill for Producer’s DG,
inclusive of tariff freight, as evidenced by Cargill’s invoices to its own customers. 
 “F.O.B. Ethanol Facility Price” shall mean the
F.O.B. sale price equivalent net of applicable deductions and costs as described in this Agreement, including without limitation Accessorial Charges and Tariff Freight Costs (or, if applicable, the Delivered Sales Price net of applicable deductions
and costs as described in this Agreement, including without limitation Accessorial Charges and Tariff Freight Costs) that Cargill invoices its third party customers. 
 “Tariff Freight Costs” shall mean freight and related costs incurred by Cargill to transport Producer’s DG. 
 “Standard-Grade” shall mean DG that meet the Specifications set forth in this Agreement. 
  

 A-1 

 “Non-Standard-Grade” shall mean DG that fail to meet the Specifications set forth in this Agreement, but
which Cargill nonetheless accepts for marketing under this Agreement. 
 For purposes of illustration only, assume that Cargill purchases ten
(10) tons of Standard DG from Producer, and resells said Standard DG to a third-party purchaser at $100/ton (the F.O.B. Ethanol Facility Price) plus a $50/ton tariff rate charge, resulting in a $1,500 sale invoice to said third party. Assume
also that Cargill incurs and pays $3 per ton in Accessorial Charges. In such instance, Cargill would pay, or cause to be paid, the freight of $500, and the remaining $1,000 would be split as follows: $970 to the Producer and $30 to Cargill. Since 3%
of $100 equals $3.00 and is greater than the $2.00 per ton minimum flat fee, $3.00 per ton. Producer shall also promptly reimburse Cargill for $30 in Accessorial Charges. 
 Whenever in Cargill’s reasonable judgment it is in the best interests of both Cargill and Producer, Cargill shall be permitted to purchase DG for its own account. In every such instance, Cargill shall pay for all
DDG and DDGS loaded into railcars and trucks and weighed for shipment to customers, an amount equal to the lesser of either (i) the weighted average F.O.B. Ethanol Facility Price of all DDG and DDGS sold by Cargill to its customers in the week
in which Cargill takes delivery for its own account less three percent (3%), with Cargill being entitled to retain such 3% as its commission; or (ii) the weighted average F.O.B. Ethanol Facility Price of all DDG and DDGS sold by Cargill to its
customers in the week in which Cargill takes delivery for its own account less $2.00 per ton, with Cargill being entitled to retain such $2.00 per ton as its commission. Alternatively, the Parties may mutually agree on a price for such DG.

 With respect to DWG, MDWG, MDDG, and CDS that Cargill purchases for its own account, Cargill shall pay Producer for such material that is
loaded into railcars and trucks at the Ethanol Facility and weighed for shipment to customers an amount equal to the weighted average F.O.B. Ethanol Facility Price of such DWG, MDWG, MDDG, and CDS sold by Cargill to its customers in the week in
which Cargill takes delivery for its own account minus $3.00 per ton, with Cargill being entitled to retain such $3.00 per ton as its commission. Alternatively, the Parties may mutually agree on a price for such DG. 
  

 A-2 

 EXHIBIT B 
 Terms and Procedures Relating to Loading and Shipment 
 Except by special arrangement(s) in advance,
DG will be available for loading and shipment twenty-four (24) hours per day, Monday through Sunday, except on scheduled holidays. Trailers and rail cars will be visually inspected by Producer prior to loading. If unsanitary conditions exist
and cannot be corrected on site, the trailer or rail car will be rejected by Producer and Cargill notified. 
  

 B-1 

 EXHIBIT C 
 I. Specifications 
 Producer covenants that all dried distiller’s grains with solubles
(“DDGS”) shall, at the time of unload and acceptance at the customer’s Ethanol Facility, conform to the following Specification: 
  

					
	 Component
	  	Maximum %	  	Minimum %
	 Protein
	  	—  	  	27
	 Fat
	  	—  	  	9
	 Fiber
	  	15	  	—  
	 Moisture
	  	12	  	—  
	 Ash
	  	6	  	

 Producer covenants that all distiller’s wet grains (“DWG”) shall, at the
time of unload and acceptance at the customer’s Ethanol Facility, conform to the following Specification: 
  

					
	 Component
	  	Maximum %	  	Minimum %
	 Protein
	  	—  	  	10.5
	 Fat
	  	—  	  	3
	 Fiber
	  	5	  	—  
	 Moisture
	  	65	  	—  
	 Ash
	  	2.5	  	

 Producer covenants that all dried distillers grains (“DDG”) shall, at the time of
unload and acceptance at the customer’s Ethanol Facility, conform to the following Specification: 
  

					
	 Component
	  	Maximum %	  	Minimum %
	 Protein
	  	—  	  	27
	 Fat
	  	—  	  	7.5
	 Fiber
	  	13	  	—  
	 Moisture
	  	12	  	—  
	 Ash
	  	3	  	

 Producer covenants that all modified distillers wet grains (“MDWG”) shall, at the
time of unload and acceptance at the customer’s Ethanol Facility, conform to the following Specification: 
  

					
	 Component
	  	Maximum %	  	Minimum %
	 Protein
	  	—  	  	16
	 Fat
	  	—  	  	8.5
	 Fiber
	  	8.4	  	—  
	 Moisture
	  	50	  	—  
	 Ash
	  	2.7	  	

  

 C-1 

 Producer covenants that all modified distillers dry grains (“MDDG”) shall, at the time
of unload and acceptance at the customer’s Ethanol Facility, conform to the following Specification: 
  

					
	 Component
	  	Maximum %	  	Minimum %
	 Protein
	  	—  	  	15
	 Fat
	  	—  	  	5
	 Fiber
	  	12	  	—  
	 Moisture
	  	40	  	—  
	 Ash
	  	3	  	

 Producer covenants that all condensed distillers solubles (“CDS”) shall, at the
time of unload and acceptance at the customer’s Ethanol Facility, conform to the following Specification: 
  

					
	 Component
	  	Maximum %	  	Minimum %
	 Protein
	  	—  	  	16
	 Fat
	  	—  	  	19
	 Fiber
	  	1	  	—  
	 Moisture
	  	65	  	—  
	 Ash
	  	9	  	

 II. Feed Ingredient Standards 
 Producer understands that Cargill intends to market DG produced under this Agreement as a primary animal feed ingredient, and that said products are
subject to minimum standards for such use. Producer agrees and warrants that unless caused by the negligence or intentional misconduct of Cargill or a third party with which Cargill has a contractual relationship, DG, upon unload at the
customer’s destination point, shall be acceptable in the feed trade under current industry standards and shall be an approved feed ingredient under applicable standards promulgated by the Association of American Feed Control Officials
Incorporated. 
 III. Compliance With FDA and Other Standards 
 Producer warrants that the unless caused by the negligence or intentional misconduct of Cargill or a third party with which Cargill has a contractual
relationship, DG, upon unload at the customer’s destination point, will not be “adulterated” or “misbranded” within the meaning of the Act and that each shipment may lawfully be introduced into interstate commerce under the
Act. Producer further warrants that the DG, upon unload at the customer’s Ethanol Facility, shall comply with all state and federal laws, rules and regulations (including without limitation the Trade Rules) including those governing quality,
naming and labeling of bulk product. 
  

 C-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]