Document:

exv10w11

 

EXHIBIT
10.11

			
	 
	 	330 S. Cleveland St. 

Cambridge, MN 55008

P: 763 689-3636

F: 763 689-3660

	 	 	 
	Gold Energy LLC.

	 	8/26/05         

This document serves as the service agreement between US Water Services / Utility Chemical Inc and
Gold Energy LLC. Signing the service agreement shows the customers intent to utilize US Water
Services as the water treatment supplier. Signing the LOI will allow US Water Service to commit to
the necessary resources and equipment

If US Water Services satisfactorily performs the engineering services and analytical support work
required during the design build process as detailed in appendix A with a value of over $100,000 if
purchased through an outside consulting engineering company.

US Water Services will expect to partner with Gold Energy LLC for long term water treatment
chemicals and services. Appendix C shows the standard water treatment services agreement we will
present when all the water and equipment information is know. If US Water Services does not
satisfactorily perform the services detailed in appendix A, the customer has no obligation to
continue to utilize our services.

We would like a level of commitment from Gold Energy LLC to show that the intention to utilize US
Water Services at the water treatment company is a valid assumption. U.S. Water Services/Utility
Chemical is committing to be competitive with other suppliers of similar services and equipment.
Appendix B details the chemicals and support products that make up the service agreement. All of
the products and services listed are directly related to water treatment.

Printed Name

	 	 	 
	          /s/ L.O. Nesvig [Handwritten: Gold Energy LLC Chairman 8/26/05
 

	 	 
	Printed Name, Title, Date
	 	 
	[Handwritten: L.O. Nesvig
	 	 
	 
	 	 
	          /s/ Allan J.Bly
 

	 	 
	Allan J. Bly
	 	 
	President U.S.Water Services Utility Chemical
	 	 

www.uswaterservices.com

Registered to iso 9001

 

 

			
	 
	 	330 S. Cleveland St. 

Cambridge, MN 55008

P: 763 689-3636

F: 763 689-3660

Appendix A

The below services are essential to the design, construction and operation of a new ethanol
plant. These services can take up to 500 engineering hours to complete depending on the complexity
of the water and environmental discharge and capital equipment. The services shall be provided
throughout the scope of the project including but not limited to the detailed listing below. The
value of the services and products supplied as part of this agreement have a market value of
$78,000 if purchased separately from other engineering and environmental services companies.
The valuation of our services are based upon a labor rate of $150.00/engineering hour, plus
materials, equipment and other expenses. As part of this agreement US Water Services agrees to
perform the below services at no charge as part of an overall agreement to provide the chemicals
and water treatment equipment for construction and operation.

	 	 	 
	Project Feasibility and Conceptual Design Stage

	 	Value $6,500

	•	 	Work with site representatives to identify water source

	•	 	Aid in sampling by sending water sampling kit and/or technical representative

	•	 	Provide laboratory services and test water for contaminants

	•	 	Provide detailed cost analysis of the water source impact on water treatment capital equipment

	•	 	Provide cost analysis of capital water treatment costs versus operational costs to provide best options

	•	 	Evaluate “Return on Investment” options by computer modeling

	•	 	Provide budget guidelines for chemicals, capital water treatment equipment and chemical control and feed
equipment

	•	 	Work with permitting agencies to determine water source impact on discharge

	•	 	Provide waste discharge profile to waste permitting agencies

	•	 	Meet with and work with waste permitting agencies to help guide permit through the process

	 	 	 
	Detailed Engineering Stage

	 	Value $10,500

	•	 	Design/review chemical feed systems to insure chemical compatibility, safety and control of system

	•	 	Provide drawings of chemical feed system

	•	 	Provide P&ID’s of capital water treatment equipment layout

	•	 	Design operator testing program and make recommendations of test equipment needed

	•	 	Meet with engineering design, installation and site personnel to coordinate all aspects of water treatment

	•	 	Review water balances for water reuse opportunities.

www.uswaterservices.com

Registered to iso 9001

 

 

			
	 
	 	330 S. Cleveland St. 

Cambridge, MN 55008

P: 763 689-3636

F: 763 689-3660

	•	 	Provide optimum chemistries to reduce operating costs prolong equipment life and meet discharge
limitations.

	•	 	Integrate the water treatment equipment with system operating system to provide monitoring and control
from central point

	 	 	 
	Construction Stage

	 	Value $36,000

	•	 	Develop and provide Operation Manuals for equipment, chemicals and control equipment

	•	 	Develop cleaning procedures to boiler and cooling system start up

	•	 	Develop operator training program

	•	 	Develop Legionella Risk Assessment to minimize liability of Legionnaire’s disease

	•	 	Work with installers to optimize the equipment installation

	•	 	Provide all necessary stainless steel chemical totes, level gauges and chemical manifolds

	•	 	Provide on site guidance to contractor to ensure proper installation of water treatment equipment and
systems.

	 	 	 
	Commissioning and Startup Stage

	 	Value $25,000

	•	 	Start up capital water treatment equipment and document conformance to operating specifications

	 	ü	 	Systems covered: RO, RO CIP, Tower controller, Boiler controller, water works PC

	•	 	Provide products and instructions to assure successful cleaning and pretreatment of equipment

	•	 	Conduct Supervisor and Operator Training

	•	 	Provide 14 days of on-site service by trained service engineer throughout start up period. Time will
start either the weekend before grind and continue for 14 days or it will begin the day of grind and
continue for 14 days.

	•	 	Start up chemical feed systems

	•	 	Test chemistries and control equipment to assure that specifications are meet.

	•	 	Confirm and document discharge chemistries meet discharge permits

	 	 	 
	Operating Stage (Included in service agreement)

	 	Value $6,500

	•	 	Provide service technician a minimum of monthly or as agree upon with plant

	•	 	Test water systems and equipment performance during service visits

	•	 	Provide written evaluation of equipment operating conditions

	•	 	Plant shut down support (boroscope)

	•	 	Boiler inspections and visual documentation of equipment condition

	•	 	If required, help with environmental permit paperwork

	•	 	Measure benchmarks for operating equipment such as boilers, RO’s, softeners and cooling systems

www.uswaterservices.com

Registered to iso 9001

 

 

			
	 
	 	330 S. Cleveland St. 

Cambridge, MN 55008

P: 763 689-3636

F: 763 689-3660

	•	 	Provide corrosion prevention data

	•	 	Provide bacteria and Legionella prevention assessment

	•	 	Inspect equipment and document physical condition

	•	 	Provide “Return on Investment” recommendations

	•	 	Provide emergency response to problems

	•	 	Update Operations Manual

	•	 	Provide continuous training program for operators

	•	 	Make recommendations on capital water treatment equipment

	•	 	Provide laboratory analysis of water systems as needed to assure program success

	•	 	Provide all “Yeast Friendly”, non sodium based chemicals for boiler systems

	•	 	Provide environmentally acceptable non oxidizing biocide chemicals for cooling system

	•	 	Provide environmentally acceptable scale and corrosion inhibitor

	•	 	Provide site specific scale and fouling operational chemical for reverse osmosis

	•	 	Provide specialty cleaning chemicals for the boiler, tower and reverse osmosis system. (not included on
service agreement)

	•	 	Provide all testing reagents and reagent dispensing equipment

	•	 	Provide quarterly corrosion coupon studies.

www.uswaterservices.com

Registered to iso 9001

 

 

			
	 
	 	330 S. Cleveland St. 

Cambridge, MN 55008

P: 763 689-3636

F: 763 689-3660

Appendix B

Boiler:

	 	 	 	 	 
	 

	 	BWT-103-L Plus	 	 
	 

	 	Boiler MP Plus	 	 
	 

	 	RLT-35	 	 
	 

	 	BWT 200B	 	 

Cooling Tower:

	 	 	 	 	 
	 

	 	CWT-530	 	 
	 

	 	Biotrol 509	 	 

RO Products

	 	 	 	 	 
	 

	 	RO-502	 	 

Chemicals and equipment not specifically listed above are excluded from not to exceed annual cost
estimate.

The following chemicals will be required as part of the water treatment program, but estimating
annual usage is very difficult. As such, these products will be purchased when ordered. The list
includes but is not limited to:

RO cleaners

ROC 20

ROC 50 plus

Sulfuric acid

Chlorine

Process chemicals

Start up cleaning chemicals \

Tower Clean 819,

Boil out

www.uswaterservices.com

Registered to iso 9001

 

 

			
	 
	 	330 S. Cleveland St. 

Cambridge, MN 55008

P: 763 689-3636

F: 763 689-3660

Appendix C

U.S. Water Services Agreement

 

Term

U.S. Water Services agrees to provide the necessary water treatment chemicals, service program and
for a period of three years from the startup of the plant which is expected to be approximately
                    .

Investment

Customer agrees to pay U.S. Water Services:

	 	 	 	 	 
	 

	 	o
	 	$                     annually for specialty water treatment chemicals and testing reagents
(schedule A-1). The annual amount is based on nameplate ethanol production of 40 million
gallons per year.
	 
	 	 	 	 
	 

	 	o
	 	$ 10,000 One time fee for Waterworks. (schedule B-1) details the
components and function of the “Waterworks” automation and equipment upgrade package.
	 
	 	 	 	 
	 

	 	o
	 	$                     for RO equipment maintenance and support including start up fees and
installation costs associated with commissioning the necessary capital equipment.

The payments will be made in monthly installments of $                      according to invoices generated
by U.S. Water Services. State and local taxes will be added to each invoice unless a tax
exemption is on file with U.S. Water Services. This agreement will automatically renew each year.
Price increases may be taken on the anniversary date of the contract provided that a 30-day notice
of the increase is provided to the customer.

www.uswaterservices.com

Registered to iso 9001

 

 

			
	 
	 	330 S. Cleveland St. 

Cambridge, MN 55008

P: 763 689-3636

F: 763 689-3660

Not To Exceed Costs for Chemicals

U.S. Water Services agrees to limit the annual chemical cost for the specialty water treatment
chemicals in schedule A-1 to a maximum of                     ,provided the chemicals are applied within the
recommended limits specified by U.S. Water Services. The not to exceed cost does not include start
up cleaning chemicals, RO cleaners, consumables such as filters or replacement parts. If annual
production and water usage are above nameplate design the customer maybe billed at a rate of
$                    / 1 million gallons additional ethanol production. Nameplate design and water
efficiencies are stated below. Operational variances from the design basis below may result in
additional charges. Charges will be reconciled at the end of every quarter. All efficiencies are
based on a quarterly average.

	 	•	 	Cooling tower makeup does not exceed ___million gallons
	 
	 	•	 	Cooling tower average cycles maintains over ___cycles of concentration
	 
	 	•	 	Boiler condensate return is maintained above 78%
	 
	 	•	 	Boiler Steam load averages 81,000 pounds per hour
	 
	 	•	 	Boiler makeup averages 39 gallons per minute of RO water.
	 
	 	•	 	Make up water quality remains similar to the test well quality.

Termination

The customer or U.S. Water Services may terminate the chemical and service agreement with 30
days written notice. If the customer terminates the chemical and service agreement, outstanding
equipment balances owed, if any, bundled discounts taken must be paid in full prior to termination.
In addition, all remaining opened chemical inventory that is part of this agreement, (Schedule
B-1) must be purchased prior to termination. U.S. Water Services owned equipment such as chemical
tanks, shall be returned within 30 days of termination date. If U.S. Water Services terminates the
chemical and service agreement, the customer has the choice of continuing to pay equipment
installments per the installment schedule or may pay the outstanding amount in full. All equipment
warranties are per the original equipment manufacturer warranty. Any repair or replacement of the
provided equipment shall be the responsibility of the customer outside of the warranty period.

The customer and U.S. Water Services agree that the results of any water treatment program
depend on the diligent application of the water treatment program and the proper operation of the
operating equipment. U.S. Water Services will not be responsible for any failure, caused in whole
or part, by the customer not implementing or following recommendations made by U.S. Water Services
personnel. Under no

www.uswaterservices.com

Registered to iso 9001

 

 

			
	 
	 	330 S. Cleveland St. 

Cambridge, MN 55008

P: 763 689-3636

F: 763 689-3660

circumstances shall U.S. Water Services or the customer be liable to the other
for incidental or consequential damages.

Customer: [Handwritten: Gold Energy, LLC

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

(Signature, Date)
	 	 
	 
	 
	 	 	 	 
	 	 	 
	 

	 	(Printed Name)	 	 
	 
	 	 	 	 
	Title:
	 	 	 	 
	 

	 	 

	 	 

Tax Exempt: Yes __ No X

www.uswaterservices.com

Registered to iso 9001exv10w12

 

EXHIBIT
10.12

REAL ESTATE OPTION AGREEMENT

          THIS
REAL ESTATE OPTION AGREEMENT (“Agreement”) is made this
29th day
of August, 2005, by and between Hankinson Community Development Corporation, Incorporated, a
corporation (hereinafter referred to as “Optionor”) and Gold Energy, LLC, a Minnesota limited
liability company (hereinafter referred to as “Optionee”).

          WITNESSETH:

          WHEREAS, Optionor is the owner of real estate described below and desires to exchange cash
said real property under defined terms; and Optionee desires to acquire said Property from Optionor
in accordance with the terms and conditions set forth hereafter.

          NOW THEREFORE, IN CONSIDERATION of the covenants and promises contained hereafter, it is
agreed:

          PREMISES Optionor hereby grants to Optionee the exclusive option to purchase real
estate located in Richland County, North Dakota, (the “Property”) more specifically described as
follows:

	 	 	That part of the Southwest Quarter (SW 1/4) of Section Eighteen (18), Township One
Hundred Thirty (130) North, Range Forty-nine (49) West of the Fifth Principal Meridian
which lies north of the railroad right of way, which tract consists of roughly 80
acres, more or less.

     CONSIDERATION The price (the “Purchase Price”) for the Property shall be $160,000.00,
payable by Optionee as herein provided. As consideration for the option, Optionee agrees to pay to
Optionor at the time of the execution of this Agreement the sum of $2,500.00 (the “Option
Consideration”) with said payment to be credited to the Purchase Price at closing. The remaining
balance of the Purchase Price ($157,500.00) shall be paid in cash and at closing.

     TERM This Agreement shall commence on the date of the execution of this Agreement
and continue to the 29th day of August, 2006 at 5:00 o’clock P.M. Optionee shall have
the right to extend this option for an additional six (6) months upon payment to Optionor of the
sum of $1,250.00, which shall become a part of the Option Consideration. If not exercised timely,
this Agreement shall expire automatically and be null and void and the Option Consideration shall
be forfeited to the Optionor. If extended, the additional $1,250.00 shall be credited against the
Purchase Price at closing.

 

 

     NOTICE OF EXERCISE OF OPTION Optionee shall at any time during the option term notify
Optionor by registered mail, Federal Express delivery or hand delivery of its written demand that
Optionee intends to complete the purchase of the Property. The conveyance and closing for the
Property defined above shall thereupon be completed within 90 days thereafter in accordance with
the terms and conditions set forth hereafter.

     TERMS In the event this Option is exercised, Optionor agrees to sell and Optionee
agrees to purchase the Property, with improvements thereon, if any, under the following terms and
conditions:

	 	1.	 	Right to Enter Property and Due Diligence. Optionor agrees that Optionee
and/or third-parties directed by Optionee, shall have the right to enter upon the Property
at any time from the date of this agreement until closing in order to conduct due
diligence investigations upon the Property by giving Optionor one (1) day advanced written
or verbal notice. Any due diligence costs and work performed, including, but not limited
to, surveys and environmental studies conducted, shall be at the sole cost of the
Optionee.
	 
	 	2.	 	Crop Damage. In the event that Optionee’s due diligence and/or conveyance of
the Property to Optionee shall occur after Optionor, or its tenants and/or agents, plants
crops, but before harvest of those crops, the parties hereto mutually agree that Optionor
shall have the right, upon notice to the Optionee and at the Optionee’s convenience, to
harvest any crops not destroyed by the Optionee in the process of its due diligence and/or
its construction of an ethanol plant and related improvements thereto. The Optionee shall
have no duty to preserve any of such crops, and the Optionor accepts as liquidated damages
(in lieu of any and all other damages) an amount equal to the most recent Richland County
USDA proven yield for the commodity planted on the Property in the year of damage
multiplied by the Richland County USDA four year average price for the commodity grown in
the year of damage, multiplied by the number of acres, or fractional acres, of crop
destroyed on the Property. If the parties cannot mutually agree upon the number of crop
acres damaged, the number of such cop acres damaged shall be measured by an independent
third-party as the parties hereto may mutually identify.
	 
	 	3.	 	Termination Of Tenants. Regardless of when or if Optionee provides notice of
the exercise of its option provided hereunder, in the event this option is exercised,
Optionor agrees to provide timely notice to any tenant of the Property of the termination
of such tenant’s tenancy. Such notice shall follow the form required for the termination
of farm tenancies under the applicable lease terms involved and/or North Dakota Law.

 

 

	 	4.	 	Title Examination. No later than 20 days from delivery of notice of exercise
of the option granted hereby, the Optionor shall furnish the Optionee a duly certified
Abstract of Title to the Property, continued to a recent date, showing good and marketable
title in the Optionor, free and clear of all liens and encumbrances, except as noted
below. The Optionee shall have 15 days time to examine said abstract of title and within
said period of time shall promptly notify the Optionor of all objections thereto in
writing. If the title to the Property is unmarketable, the Optionor shall have a period
of 90 days in which to correct the title and make it marketable. If the title to the
Property cannot be made marketable within said period of time or such further time as may
be granted by the Optionee, the Optionee shall be entitled to the return of the Option
Consideration paid under this Agreement, but otherwise this Agreement shall be wholly
null, void and unenforceable.
	 
	 	5.	 	Title, Liens and Encumbrances. At closing, Optionor shall transfer title to
Optionee by a Warranty Deed conveying good and marketable title to the Optionee. The sale
and transfer by Warranty Deed shall be free of all liens and encumbrances except for the
following:

	 	A.	 	Building and zoning laws, ordinances, sate and federal regulations, provided
they do not materially and adversely affect the use of the property;
	 
	 	B.	 	Utility, drainage and other easements of record which do not materially and
adversely interfere with the use of the Property.

	 	6.	 	Taxes and Special Assessments. The Optionor agrees to pay all real estate
taxes and assessments for special improvements levied or assessed for the year prior to
closing. Real estate taxes, and assessments for special improvements for the year of
closing shall be prorated between the Optionor and the Optionee and in the event the exact
amount of the taxes and assessments for that year are not yet known, the amount to be
prorated shall be based on the real estate taxes and assessments for special improvements
for the previous year. Optionee agrees to pay the real estate taxes and assessments for
special improvements for all subsequent years.
	 
	 	7.	 	Closing and Possession. Possession is to be given immediately upon
completion of closing. Closing shall occur after approval of title and PRIOR TO
POSSESSION, but in no event later than 90 days from the date of the notice of exercise of
the option, or as otherwise agreed upon by the parties.

 

 

	 	8.	 	Default. In the event either party has fulfilled all of its obligations
hereunder and all conditions precedent and concurrent to closing for which it is
responsible and the other party fails to fulfill its obligations hereunder and continues
to fail and refuses to fulfill its obligations hereunder for more than 30 days after
receipt of written notice of such default from the non-defaulting party, the
non-defaulting party may either: in the case of the Optionee 1) terminate this Agreement, in which event it shall be
entitled to retain of the Option Consideration and any other monies
paid hereunder to Optionor, and
such termination and Option Consideration shall be the sole remedy and damages available;
or 2) pursue any legal and/or equitable remedy available to it; or in the case of the
Optionor 1) terminate this Agreement, in which event it shall be
entitled to retain the
Option Consideration and any other monies paid hereunder by Optoinee to Optionor, and such
termination and retainage shall be the sole remedy and damages available to the Optionee,
or 2) pursue any legal and/or equitable remedy available to it.
	 
	 	9.	 	Disclaimer — the Property is sold AS IS. Except for warranty of title,
Optionor will give no warranty and will make no representations to Optionee of any kind.
THERE ARE NO EXPRESS WARRANTIES AND OPTIONOR SPECIFICALLY DISCLAIMS ALL WARRANTIES, EXPRESS
OR IMPLIED, INCLUDING WARRANTIES OF HABITABILITY, IMPLIED WARRANTIES, IMPLIED WARRANTY OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THE PROPERTY WILL BE SOLD AS IS, WITHOUT
WARRANTY OF ANY KIND, WITH ALL FAULTS AND IN ITS PRESENT CONDITION. THE PROPERTY WILL
ALSO BE SOLD WHERE IS AND NO WARRNATY OR REPENSTATIONS WITH RESPECT TO BOUDNARY LINES WILL
BE MADE BY OPTIONOR. Optionee must satisfy Optionee that the Property is entirely within
boundary lines expected. Optionee represents to the Optionor that Optionee takes the
Property in its present condition with all its faults. Optionee has been or will be
provided full and complete access to the Property and the full right to examine and test
the same. Optionee is relying solely upon such access, investigation and Optionee’s
testing and is not relying upon any representation or warranty of Optionor.

          SURVIVAL All of the terms, representations, warranties and disclaimers contained in
this Agreement are continuing and shall survive the closing.

 

 

          RECORDING OF OPTION The parties hereto agree that this Option Agreement may be
recorded with the Richland County Recorder’s office.

          NOTICES Any notice, demand or other document which either party is required or may
desire to give or deliver to or make upon the other party shall be given in writing and served
either personally or given by prepaid United States certified mail, return receipt requested, and
addressed to the following addresses:

	 	 	 	 	 	 	 
	 

	 	If to Optionor:
	 	Hankinson Community Development Corporation
	 	 
	 

	 	 	 	          Incorporated	 	 
	 

	 	 	 	c/o Robert Wurl	 	 
	 

	 	 	 	Lincoln State Bank	 	 
	 

	 	 	 	302 Main Ave. S.	 	 
	 

	 	 	 	Hankinson, ND 58041	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	With a copy to:	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Fred Strege	 	 
	 

	 	 	 	Smith, Stregge & Fredricksen, Ltd.	 	 
	 

	 	 	 	Box 38	 	 
	 

	 	 	 	Wahpeton, ND 58074	 	 
	 
	 	 	 	 	 	 
	 

	 	If to Optionee:
	 	Gold Energy, LLC	 	 
	 

	 	 	 	c/o Michelle Swenson	 	 
	 

	 	 	 	1183 6th Street South	 	 
	 

	 	 	 	Wahpeton, ND 58075	 	 

          1031 EXCHANGE: If requested by Optionor, Optionee will cooperate with the Optionor in
conducting a §1031 like-kind exchange, the cost of which will be paid by the Optionor.

          TIME: Time is of the essence as to the performance of all of the terms and conditions
of this Agreement.

 

 

          IN WITNESS WHEREOF, said parties hereto subscribe their names.

	 	 	 
	OPTIONOR:

	 	OPTIONEE:
	 
	 	 
	HANKINSON COMMUNITY

DEVELOPMENT CORPORATION

INCORPORATED

	 	GOLD ENERGY, LLC

	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	     /s/ David Paulson
	 	 	 	 	 	By:
	 	     /s/ Daniel O. Skolness
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	David Paulson, President	 	 	 	 	 	Its [Handwritten: Vice President]
	 
	 	 	 	 	 	 	 	 	 	 
	STATE OF NORTH DAKOTA	 	 	)	 	 	 	 	 
	 

	 	 	 	 	)SS:
	 	 	 	 	 
	COUNTY OF RICHLAND	 	 	)	 	 	 	 	 

          On
this 7th day of    October   , 2005, before me personally appeared
David Paulson, known to me to be the President of Hankinson Development Corporation, Incorporated,
a North Dakota corporation, the corporation that is described in and that executed the within and
foregoing document, and acknowledged to me that he executed the same on behalf of said corporation.

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	          /s/ Lori J. Hubrig
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	          Notary Public
	 

	 	 	 	 	 	 	 	My Commission Expires: 7-12-06
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	[Stamped: LORI J. HUBRIG
	 

	 	 	 	 	 	 	 	          Notary Public
	 

	 	 	 	 	 	 	 	          State of North Dakota
	 

	 	 	 	 	 	 	 	My Commission Expires Aug. 29, 2010
	STATE OF

	 	 	)	 	 	 	 	 
	 

	 	      ) SS:
	 	 	 	 
	COUNTY OF

	 	 	)	 	 	 	 	 

          On
this 5th day of      October      , 2005, before me personally appeared
 Daniel O. Skolness      known to me to be the      Vice President  of Gold
Energy, LLC, a Minnesota limited liability
company, the limited liability company.

 

 

that said described in and that executed the within and foregoing document, and acknowledged to me
that he executed the same on behalf of said limited liability company.

	 	 	 
	 

	 	/s/ Fred Strege
	 

	 	 
	 

	 	Notary Public
	 

	 	My Commission Expires:
	 
	 	 
	 

	 	[Stamped: Fred Strege
	 

	 	                Notary Public
	 

	 	          State of North Dakota
	 

	 	My Commission Expires Sept. 30, 2007

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