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Unassociated Document

    EXHIBIT
      10.1

    

    THIRD
      AMENDMENT TO

    JOINT
      VENTURE AGREEMENT

     

    THIS
      THIRD AMENDMENT TO JOINT VENTURE AGREEMENT (the “Third Amendment”) is made and
      entered into effective as of November 22, 2006, by and between SEMO
      Milling, LLC,
      a
      Missouri limited liability company (“SEMO”), and Ethanex
      Energy North America, Inc.,
      a
      Delaware corporation (“Ethanex”).

     

    RECITALS

    

    WHEREAS,
      Ethanex and SEMO signed a non-binding letter of intent dated July 3, 2006,
      as
      subsequently amended, regarding the establishment of a joint venture company
      to
      develop, commercialize and exploit certain technology of SEMO in connection
      with
      the production, distribution and sale of ethanol and ethanol-related products
      and corn and corn-based products from SEMO’s Cape Girardeau, Missouri facility;

     

    WHEREAS,
      Ethanex and SEMO entered into a Joint Venture Agreement dated August 4, 2006,
      as
      amended by the parties as of August 30, 2006 (the “JV Agreement”) for the
      formation, organization, management and operation of a joint venture company
      known as Ethanex at SEMO Port, LLC; and

     

    WHEREAS,
      Ethanex and SEMO desire to further amend the JV Agreement as set forth in this
      Third Amendment.

     

    NOW,
      THEREFORE, in consideration of the above Recitals, which are incorporated herein
      by reference, and the mutual agreements contained herein and for other good
      and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, Ethanex and SEMO agree as follows:

     

    1. Definitions.
      Capitalized terms used but not otherwise defined herein shall have the meanings
      given to such terms in the JV Agreement.

    

    2. Amendments
      to Joint Venture Agreement.
      Ethanex
      and SEMO agree and confirm that the JV Agreement shall be amended as
      follows:

    

    (a)
      Section 1.9, Definitions and Interpretation, “Effective Date”, of the JV
      Agreement is hereby deleted in its entirety and the revised Section 1.9,
      Definitions and Interpretation, “Effective Date”, shall read in full as
      follows:

    

    “Effective
      Date” means December 8, 2006.

    

    3. Effect.
      The
      Parties acknowledge and agree that, except as amended herein, the JV Agreement
      is in full force and effect and is hereby ratified and confirmed.

    

    4. Governing
      Law.
      The
      validity, performance, construction and effect of this Amendment shall be
      governed by the laws of the State of Missouri, without regard to conflict of
      law
      principles.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5. Counterparts.
      This
      Third Amendment (i) may be executed by facsimile signatures and in several
      counterparts, and each counterpart when so executed and delivered shall
      constitute an original of this Third Amendment, and all such separate
      counterparts shall constitute but one and the same Third Amendment and
      (ii) embodies the entire agreement and understanding between the parties
      with respect to the subject matter hereof and supersedes all prior agreements,
      consents and understandings related to such subject matter.

    

    IN
      WITNESS WHEREOF, this Third Amendment to Joint Venture Agreement has been
      executed as of the date first set forth above.

     

     

    
      	 	 	 
	 	SEMO:
	 	SEMO MILLING, LLC, a Missouri limited
              liability
              company 
	 
 	 
 	 
 
	 	By:  	/s/ Kenneth
              E. DeLine  
	 	
              
Name:
Kenneth
              E. DeLine
	 	Title:
              Manager

      	 	 	 
	 	ETHANEX:
	 	ETHANEX ENERGY NORTH AMERICA, INC.,
              a Delaware
              corporation 
	 
 	 
 	 
 
	 	By:  	/s/ Bryan
              Sherbacow  
	 	
              
Name:
Bryan
              Sherbacow
	 	Title:
              President
              & CEOUnassociated Document

    EXHIBIT
      10.2

    

    SECOND
      AMENDMENT TO

    JOINT
      VENTURE AGREEMENT

     

    THIS
      SECOND AMENDMENT TO JOINT VENTURE AGREEMENT (the “Second Amendment”) is made and
      entered into effective as of November 20, 2006, by and between SEMO
      Milling, LLC,
      a
      Missouri limited liability company (“SEMO”), and Ethanex
      Energy North America, Inc.,
      a
      Delaware corporation (“Ethanex”).

     

    RECITALS

    

    WHEREAS,
      Ethanex and SEMO signed a non-binding letter of intent dated July 3, 2006,
      as
      subsequently amended, regarding the establishment of a joint venture company
      to
      develop, commercialize and exploit certain technology of SEMO in connection
      with
      the production, distribution and sale of ethanol and ethanol-related products
      and corn and corn-based products from SEMO’s Cape Girardeau, Missouri facility;

     

    WHEREAS,
      Ethanex and SEMO entered into a Joint Venture Agreement dated August 4, 2006,
      as
      amended by the parties as of August 30, 2006 (the “JV Agreement”) for the
      formation, organization, management and operation of a joint venture company
      known as Ethanex at SEMO Port, LLC; and

     

    WHEREAS,
      Ethanex and SEMO desire to further amend the JV Agreement as set forth in this
      Second Amendment.

     

    NOW,
      THEREFORE, in consideration of the above Recitals, which are incorporated herein
      by reference, and the mutual agreements contained herein and for other good
      and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, Ethanex and SEMO agree as follows:

     

    1. Definitions.
      Capitalized terms used but not otherwise defined herein shall have the meanings
      given to such terms in the JV Agreement.

    

    2. Amendments
      to Joint Venture Agreement.
      Ethanex
      and SEMO agree and confirm that the JV Agreement shall be amended as
      follows:

    

    (a)
      Section 1.9, Definitions and Interpretation, “Effective Date”, of the JV
      Agreement is hereby deleted in its entirety and the revised Section 1.9,
      Definitions and Interpretation, “Effective Date”, shall read in full as
      follows:

    

    “Effective
      Date” means November 22, 2007.

    

    3. Effect.
      The
      Parties acknowledge and agree that, except as amended herein, the JV Agreement
      is in full force and effect and is hereby ratified and confirmed.

    

    4. Governing
      Law.
      The
      validity, performance, construction and effect of this Amendment shall be
      governed by the laws of the State of Missouri, without regard to conflict of
      law
      principles.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5. Counterparts.
      This
      Second Amendment (i) may be executed by facsimile signatures and in several
      counterparts, and each counterpart when so executed and delivered shall
      constitute an original of this Second Amendment, and all such separate
      counterparts shall constitute but one and the same Second Amendment and
      (ii) embodies the entire agreement and understanding between the parties
      with respect to the subject matter hereof and supersedes all prior agreements,
      consents and understandings related to such subject matter.

    

    IN
      WITNESS WHEREOF, this Second Amendment to Joint Venture Agreement has been
      executed as of the date first set forth above.

     

    
      	
            	 	 
	 	SEMO:
	 	SEMO MILLING, LLC, a Missouri limited
              liability
              company 
	 
 	 
 	 
 
	 	By:  	/s/ Kenneth
              E. DeLine  
	 	
              
Name:
Kenneth
              E. DeLine
	 	Title:
              Manager

      	 	 	 
	 	ETHANEX:
	 	ETHANEX ENERGY NORTH AMERICA, INC.,
              a Delaware
              corporation 
	 
 	 
 	 
 
	 	By:  	/s/ Bryan
              Sherbacow  
	 	
              
Name:
Bryan
              Sherbacow
	 	Title:
              President
              & CEOUnassociated Document

     

    EXHIBIT
      10.3

    

    AMENDMENT
      TO 

    JOINT
      VENTURE AGREEMENT

    

    THIS
      AMENDMENT TO JOINT VENTURE AGREEMENT
      (the
“Amendment”) is effective as of the 30th day of August, 2006, by and between
      Ethanex Energy North America, Inc. (“Ethanex”), and SEMO Milling, LLC
      (“SEMO”).

    

    RECITALS

    

    
      A.    Ethanex
        and SEMO entered into that certain Joint Venture Agreement dated August 4,
        2006
        (the “JV Agreement”) pertaining to the formation and management of a joint
        venture company, Ethanex at SEMO Port, LLC. 

    

    

    
      
        B.    Ethanex
          and SEMO desire to amend the JV Agreement as set forth
          herein.

      

    

    

    AGREEMENT

    

    In
      consideration of the above Recitals, which are incorporated herein by this
      reference, the mutual agreements contained herein, and for other good and
      valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, Ethanex and SEMO agree as follows:

    

    1.    Amendment
      of JV Agreement.
      The JV
      Agreement shall be amended as follows:

    

    
      	
              1.1

            	
              Obligations
                of the Parties. Section
                7.1(e) of the JV Agreement shall be deleted and replaced with the
                following language:

            

    

    

    
      	
            	(e)	
              use
                its commercially best efforts to submit, no later than September
                15, 2006,
                all necessary permits required by the Missouri Department of Natural
                Resources and any other applicable Governmental Authority to commence
                construction of the Plant;

            

    

    

    
      	
              1.2

            	
              Term
                and Termination.
                Section 12.3 of the JV Agreement shall be deleted and replaced with
                the
                following language:

            

    

    

    
      	
            	12.3	
              This
                JV Agreement may be terminated by SEMO and the transactions contemplated
                hereby abandoned if (i) Ethanex has not fulfilled its obligations
                pursuant
                to Section
                7.1(e)
                above and all necessary permits to commence construction of the Plant
                have
                not been submitted to the Missouri Department of Natural Resources
                and any
                other applicable Governmental Authority by September 15, 2006; (ii)
                Ethanex has not fulfilled its obligations pursuant to Section
                7.1(f)
                above to enter into the EPC Contract by September 30, 2006 to provide
                detailed engineering, procurement, and construction work as is necessary
                to ensure that construction of the Plant shall commence no later
                than the
                Construction Start Date; (iii) Ethanex has not secured the Third
                Party
                Financing on or before the Effective Date; or (iv) construction of
                the
                Plant has not commenced on or before the Construction Start
                Date.

            

    

    

    
      2.    Effect
        of Amendment.
        The JV
        Agreement shall continue in full force and effect as written except as amended
        hereby. To the extent any provisions of the JV Agreement (prior to its amendment
        hereby) is inconsistent with the amendments set forth herein, such provisions
        shall be deemed superseded hereby or modified to conform
        herewith.

    

     

    

    
      3.    Counterparts.
        This
        Amendment may be executed in counterparts, each of which, when executed,
        shall
        be deemed to be an original and all of which together will be deemed to be
        one
        and the same instrument. 

    

    

    Ethanex
      and SEMO have executed this Amendment as of the date first written
      above.

    

    
      	
            	 	 
	 	ETHANEX
              ENERGY NORTH AMERICA, INC. 
	 
 	 
 	 
 
	 	By:  	/s/ Bryan
              Sherbacow  
	 	
              
Its:
President
              and CEO
	 	 

      	 	 	 
	 	SEMO
              MILLING, LLC
	 
 	 
 	 
 
	 	By:  	/s/ Kenneth
              DeLine 
	 	
              

            
	 	Its:
              Manager

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