Document:

Asset Use Agreement

 Exhibit 10.10 
 ASSET USE AGREEMENT 
 This Asset Use Agreement (“Use Agreement”) is
made and entered into as of the 1st day of August, 2006, by and between West Central
Cooperative (“West Central”), a cooperative association organized and existing under the laws of the state of Iowa, with offices at Ralston, Iowa, and Renewable Energy Group, Inc. (“REG”), a corporation organized and existing
under the laws of the state of Delaware, with offices at Ralston, Iowa. 
 RECITALS: West Central, REG, LLC (f/k/a Renewable Energy
Group, LLC) (“REG, LLC”), and InterWest, L.C. (“InterWest”) have contributed assets from their respective biodiesel operations to REG, forming REG to combine and expand upon their collective strengths in the biodiesel business
(the “Business” of REG). A number of West Central personnel are moving to employment by REG. West Central may provide certain corporate services to REG to facilitate the operation of its Business. West Central may lease certain of its
employees to REG on a part or full time basis. 
 West Central also has been requested to make available certain of its assets for use by
REG. West Central and REG have agreed upon the general terms and conditions under which West Central would make available such assets, and the parties wish to set forth such agreement in writing in this Use Agreement. 
 NOW, THEREFORE , in consideration of the foregoing, and the respective covenants and agreements of the parties contained herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Assets to be Used by REG. Upon the terms and conditions set forth herein, West Central agrees to provide to REG the use of certain assets (the “Assets” which are listed on Exhibit A attached hereto as the same may be
amended by the parties from time to time. To the extent it is discovered that there were assets used by both West Central in its non-biodiesel operation, and by West Central, REG, LLC or InterWest in the biodiesel business and not being conveyed to
REG nor listed on the Exhibit A attached hereto, the parties agree to amend Exhibit A where appropriate to include such additional assets. 
 2. Sharing of Costs Based Upon Proportionate Use; No Additional Rental Compensation. REG, in consideration of the use of the Assets granted herein (“Asset Use”), agrees to pay West Central REG’s share of costs
associated with the use of the Assets based upon the parties’ respective use of such Assets. West Central agrees that it shall not receive any additional rental consideration beyond the sharing of costs as set out herein. 
 Exhibit A attached hereto provides a listing of and further information regarding the Assets. Exhibit B attached hereto provides historical information
on how the Assets have been used for biodiesel, and for other applications by West Central. The parties agree that costs incurred with respect to the use of the Assets shall continue to be separately maintained by the different asset categories, so
as to allow for identification of the varying usages, differing costs, and an appropriate sharing of costs based upon the expenses incurred and the usage of the parties. It is the intent of the 

 
parties that all costs associated with the Assets covered hereunder shall be included in the allocation of costs (“Allocated Costs”) between the
parties, and including reimbursement for depreciation. The parties agree that the method of depreciation for existing Assets at the commencement of this Use Agreement shall be based upon the method presently being utilized upon the financial records
of West Central. In the event additional Assets are added to the coverage of this Use Agreement after the commencement of its term and REG does not pay its proportionate share of the purchase cost, the method and calculation of depreciation shall
also be based upon the method utilized for financial (rather than tax) reporting purposes for West Central, with the resulting annual charge to depreciation to be treated as a cost to be shared hereunder. 
 3. Payment. West Central will invoice REG at the end of each month for REG’s Allocated Costs with respect to its Asset Use. REG’s
payment of all undisputed amounts will be made within twenty (20) days of receipt of the bill. If a payment amount not disputed by REG in good faith is not received by West Central by such due date, then a late payment charge equal to
1.0% per month will be paid by REG on all undisputed payment amounts due but not received by West Central on or before the due date. If REG disputes in good faith any amounts invoiced by West Central hereunder, REG will promptly so notify West
Central in writing of the nature of such dispute and the affected portion of the invoiced amount. The parties will work together to resolve such dispute. REG will continue to pay all amounts not in dispute, and West Central will continue to perform
hereunder during the time that the parties work to resolve such dispute, and including arbitration of the issue as provided for herein. 
 4.
Use of Assets. REG agrees to use and operate the Assets only in conjunction with its Business, unless otherwise agreed upon by mutual written consent. 
 5. Commencement Date, Term and Termination. The obligations of West Central and REG under this Use Agreement shall commence on
the 1st day of August, 2006 (the “Effective Date”), and continue for so
long as the Ground Lease Among West Central Cooperative and Renewable Energy Group, Inc. dated the 1st day of August, 2006 (the “Ground Lease”), shall be in force (subject to early termination as set out hereafter). 
 6. Possession. West Central agrees to give REG possession of the Assets upon execution of this Use Agreement. REG understands that REG’s use
of the Assets is not exclusive, and in such case the parties agree to work together to coordinate the use of such Assets, to maximize the benefit of the arrangements for both parties. 
 7. Condition of Assets. REG agrees to accept the Assets in an “as is” condition without any further responsibilities on the part of West
Central for any repairs or alterations to them. 
 8. Maintenance, Repairs, and Replacement. This Use Agreement places all initial
responsibility for maintenance, replacement and repair of the Assets upon West Central. Without limiting the generality thereof, West Central shall initially be responsible for replacement, repair and maintenance of the Assets. West Central shall
keep the Assets in good condition and satisfactory working order at all times, shall pay all operation and maintenance expenses for the Assets during the term of the Use Agreement, and make, at its expense, any and all repairs, and replace as
necessary. REG shall contribute to such costs, expenses, and replacement based upon the parties’ respective use of the Assets, as set out herein. 
  

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 9. Retirement or Trade-In of Assets. In the event that REG determines that a particular Asset is
of no further use to REG, then upon reasonable notice furnished by REG to West Central, possession of such Asset shall be returned to West Central, and all of the rights and obligations of REG with respect to such Asset shall cease as of such date.
Should West Central desire to “trade in” or replace one or more of the Assets still being used by REG, then such trade in, payment for replacement property, future use and compensation therefore hereunder shall be upon such terms as may
mutually be agreed between West Central and REG. 
 10. Utilities and Services. Unless otherwise agreed, West Central shall during the
term of this Use Agreement, initially shall pay, before delinquency, all charges for use of water, sewer, gas, heat, electricity, power, air conditioning, garbage disposal, trash disposal and not limited by the foregoing all other utilities and
services of whatever kind and nature which may be used in or upon the Assets (other than telephone and internet). REG shall contribute to such costs of utilities and services based upon the parties’ respective use of the Assets, as set out
herein. 
 11. Compliance with Laws. West Central and REG shall comply with any and all laws, statutes, ordinances and regulations,
federal, state, county or municipal, now or hereafter in force, applicable to the Assets relating to the use thereof or to the making of repairs thereto or of changes or alterations thereto. 
 12. Property Taxes. West Central agrees to initially and on a timely basis pay all taxes, assessments or other public charges levied or assessed
by lawful authority (“Tax Assessments”) (but reasonably preserving rights of appeal) against the Assets during the term of this Use Agreement. REG shall contribute to such Tax Assessments based upon the parties’ respective use of the
Assets, as set out herein. 
 13. Improvements, Alterations and Liens. REG shall make no alterations to the Assets without West
Central’s prior written consent. Any changes made by REG shall become and remain the property of West Central and a part of the Assets unless otherwise agreed in writing by the parties. REG covenants and agrees that it has no power to incur any
indebtedness giving a right to a lien of any kind or character upon the right, title and interest of West Central in and to the Assets covered by this Use Agreement and that no person shall be entitled to any lien directly or indirectly derived
through or under it, or its agents or servants, or on account of any act or omission of REG, which lien would be superior to the interest in this Use Agreement reserved to West Central. 
 14. Damage or Destruction of Assets. If an Asset or Assets shall be damaged in whole or in part by fire or other cause, West Central and REG shall
mutually determine if the damages shall be repaired and restored, the allocation of costs of any repair or replacement, and adjustment to the Compensation to be paid with respect to such Asset(s). If the parties determine that the Asset(s) are to be
repaired, any insurance proceeds receivable by either party as a result of such loss shall be paid towards the necessary repairs or costs of restoration (up to the cost of such expenses), with the parties to determine their respective contribution
to any expenses not covered by insurance proceeds received. If the parties conclude such Asset(s) will not be repaired, all insurance proceeds will be divided between the parties in the same ratio as expenses with respect to such Asset(s) had been
shared, and the parties obligations under this Use Agreement with respect to such Asset(s) shall cease. 
  

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 15. Insurance and Indemnity. It is agreed by the parties: 
  

	 	A.	Fire and Extended Coverage Insurance. During the term of this Use Agreement, West Central agrees to pay the initial cost of maintaining fire and extended coverage insurance
upon the Assets in an amount equal to the replacement cost of the Assets, such coverage to be provided by the insurance companies presently writing insurance for West Central, or with such other insurance company or companies as may be agreed to by
the parties. Amounts of coverage shall be reviewed annually, and adjusted to cover any increase or decrease in the replacement cost of the Assets. Such policy or policies of insurance shall be so drawn and shall contain such provisions as will
protect both West Central and REG as their respective interests appear. REG shall contribute to the cost of such insurance coverage based upon the parties’ respective use of the Assets, as set out herein. 

  

	 	B.	Personal Injury and Property Damage Insurance. Each party shall obtain and maintain in force public liability insurance, including property damage, with satisfactory
insurance companies, insuring against liability for injury to persons or property arising out of the maintenance or use of the Assets, including specifically comprehensive general liability insurance (which includes, but is not limited to,
contractual liability coverage), and environmental liability insurance (including clean-up costs) for pollution events, each to provide coverage for claims for bodily injury and property damage with limits of at least $1,000,000.00 per occurrence.
Such policy or policies shall name the party seeking the coverage as insured, and the other party as an additional insured. 

  

	 	C.	Proof of Coverages. Such policies shall provide for thirty (30) days prior written notice to the parties of any cancellation or material change. Upon request, the party
responsible for procuring insurance shall provide the other party with copies of policies or certificates thereof, evidencing coverage being provided hereunder. 

  

	 	D.	Waiver of Subrogation. West Central and REG each hereby waive any and all rights of recovery against the other, its officers, employees and agents, occurring on or arising
out of the use of the Assets to the extent such loss or damage is covered by proceeds received from insurance required under this Use Agreement to be carried by the other party. This waiver of subrogation provision shall be limited to (i) loss
or damage to the property of West Central and REG, and (ii) the officers and employees of West Central and REG. Inasmuch as the above mutual waivers will preclude the assignment of any aforesaid claim by way of subrogation to an insurance
company, West Central and REG agree immediately to give to each insurance company providing a policy as described herein, written notice of the terms of said mutual waivers, and to have said insurance policies properly endorsed, if necessary, to
prevent the invalidation of said insurance coverages by reason of said waivers. 

  

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	 	E.	Indemnification. A party (“Indemnifying Party”) shall indemnify and save harmless the other party (“Indemnified Party”) from and against any and all
liability, damage, penalties or judgments arising from injury to person or property sustained by anyone in and about the Assets resulting from any act or acts or omission or omissions of the Indemnifying Party, or the Indemnifying Party’s
officers, agents, employees, visitors or licensees. The Indemnifying Party shall, at its own cost and expense, defend any and all suits or actions which may be brought against the Indemnified Party or in which the Indemnified Party may be impleaded
with others upon any such above-mentioned matter or claim. 

 16. Sale or Other Transfer by REG Prohibited. This is an
agreement for the use of Assets only, and nothing herein shall be construed as conveying to REG any right, title or interest in or to any Assets except as set out hereunder. REG authorizes West Central to execute and file financing statements
and other related documents to reflect the continued ownership of the Assets in West Central, subject only to the Use Agreement being executed by the parties. REG shall have no right to sell, trade, or otherwise transfer the Assets. 
 17. Surrender; End of Term. Upon the expiration of the term of this Use Agreement, REG shall surrender to West Central any of the Assets in
REG’s possession in good order and condition, ordinary wear excepted. 
 18. Assignment or Sublease. Except for an assignment to
any successor, assignee or transferee of REG pursuant to a Permitted Transfer (as defined in the Ground Lease) which shall not require West Central’s consent, REG shall not assign this Use Agreement or sublease the Assets or any portion thereof
without West Central’s prior written consent, which shall not be unreasonably withheld. In the event of any assignment or subletting in violation of this paragraph, West Central may either (i) treat such action as null and void and of no
force and effect, or (ii) declare any unpaid balance of rental due for the remaining term of this Use Agreement immediately due and payable, or (iii) treat such assignment or subletting or subleasing as a default, exercising its rights in
the event of default as set out herein. 
 19. Independent Status. Subject to the terms and conditions of this Use Agreement, West
Central will provide for the Asset Use by REG as set out in this Use Agreement as an independent contractor and as an agent with such authority as is necessary to provide the Asset Use herein provided. Nothing in this Use Agreement or in the course
of dealing by the parties hereunder shall be construed to constitute REG and West Central as partners, joint venturors, or as guarantors for one another or as authorizing either party to obligate the other in any manner except as is necessary for
West Central to provide for the Asset Use provided for hereunder. 
 20. Early Termination. Notwithstanding the provisions of
Section 5 hereof, this Use Agreement may be terminated in accordance with the following provisions: 
  

	 	A.	Upon mutual agreement of the parties. 

  

	 	B.	REG shall have the option to terminate this Agreement upon not less than one hundred eighty (180) days prior written notice. 

  

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	 	C.	A party hereto may (but is not required to) terminate this Use Agreement if the other party breaches any provision of this Use Agreement and fails to remedy such breach within
thirty (30) days after delivery of written notice from the non-breaching party describing the alleged breach and the proposed remedy (provided that, if the nature of such default is such that the same cannot be cured within such 30-day period,
a party shall not be deemed to be in default if such party shall within such period commence such cure and thereafter diligently prosecute the same to completion). 

  

	 	D.	Either party hereto may terminate this Use Agreement effective immediately upon delivery of written notice to the other party, if the other party (i) is unable to pay its debts
as they mature or admits in writing its inability to pay its debts as they mature, (ii) makes a general assignment for the benefit of its creditors, (iii) files a voluntary petition for bankruptcy, or (iv) applies for the appointment
of a receiver or trustee for all or substantially all of its assets or permits the appointment of any such receiver or trustee who is not discharged within a period of one hundred eighty (180) days after such appointment.

  

	 	E.	Notwithstanding any termination of this Use Agreement, the obligations and rights of the parties which have accrued as of the time of such termination shall survive.

 21. Remedies in the Event of Default. Where a party commits a material breach of this Use Agreement (“Breaching
Party”), and: 
  

	 	A.	If except as set out herein such material breach continues beyond the allowable cure period after the receipt of written demand for cure of such breach by the party not in breach
(“Non-Breaching Party”) as set out in Section 20(B) hereof; or 

  

	 	B.	If such material breach cannot be cured within such period and the Breaching Party does not within such cure period start to cure the breach and thereafter proceed diligently with
the cure thereof, 

 then the Non-Breaching Party may terminate this Use Agreement and may recover its money damages allowable hereunder and
caused by such material breach (including arbitration fees, court costs, litigation expenses, and reasonable attorney fees) on written notice and demand to the Breaching Party for payment. Such payment shall be without prejudice to any other right
or remedy that the Non-Breaching Party may have against the Breaching Party under this Use Agreement, at law or in equity, including injunctive relief and rights of specific performance. 
 22. Arbitration. Should any controversy, claim, dispute or difference arise between the parties hereunder, out of or relating to this Use
Agreement, including, without limitation, its formation, validity, binding effect, interpretation, performance, breach or termination, then each and every such controversy, claim, dispute or difference shall be submitted and settled by arbitration
in accordance with the Commercial Arbitration Rules then in effect of the American Arbitration Association, and shall be conducted in Des Moines, Iowa. Judgment upon the award rendered by the arbitrator or arbitrators may be entered in any court of
competent jurisdiction. 
  

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 23. Limited Warranty. West Central represents that the Assets are in reasonable working order as
of the Effective Date of this Use Agreement. EXCEPT AS SET FORTH IN THE IMMEDIATELY PRECEDING SENTENCE, WEST CENTRAL MAKES NO (AND HEREBY DISCLAIMS AND NEGATES ANY AND ALL) REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, INCLUDING THE WARRANTIES
OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE ASSETS THE USE OF WHICH IS BEING PROVIDED HEREUNDER. 
 24.
Access to Books and Records. This Use Agreement provides for reimbursement by REG of various expenses of West Central with respect to the operation of Assets, the use of which is being shared hereunder. For that reason, West Central agrees to
make available those portions of its books and records for inspection and copying which are reasonably necessary for purposes of verifying appropriate amounts of reimbursement, and West Central’s compliance with its obligations hereunder.

 25. Force Majeure. Any failure or delay by either party in performing its obligations under this Use Agreement shall be excused if
such failure or delay is due to causes beyond its reasonable control, including, without limitation, acts of God, governmental acts or omissions, war, riot, vandalism, sabotage, fires, floods, strikes, labor disputes, mechanical breakdowns,
shortages or delays in obtaining suitable parts or equipment, or interruption of utility services. 
 26. Miscellaneous. 

 

	 	A.	Notices. All notices, requests, demands, claims and other communications that are required or may be given pursuant to this Use Agreement must be in writing and delivered
personally against written receipt, by reputable overnight courier, by telecopy or facsimile or by registered or certified mail, return receipt requested, postage prepaid, to the parties at the following addresses: 

  

			
	If to REG, to:	  	Renewable Energy Group, Inc.
		  	406 1st Street, PO Box 128
		  	Ralston, IA 51459
		  	Attn: CFO
		
	If to West Central, to:	  	West Central Cooperative
		  	406 1st Street, PO Box 68
		  	Ralston, IA 51459
		  	Attn: CEO

 Any such notice or other communication will be deemed to have been given; (a) if personally
delivered, when so delivered, against written receipt; (b) if sent by reputable national overnight courier, three (3) business days after being so sent with confirmation of receipt; or (c) if mailed by registered or certified mail,
return receipt requested, postage prepaid and addressed to the intended recipient as set forth above, upon confirmation of receipt. Any notice, request, demand, claim or other communication given hereunder using any other means (including ordinary
mail or 

  

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electronic mail) shall not be deemed to have been duly given unless and until such notice, request, demand, claim or other communication actually is received
by the individual for whom it is intended. 
  

	 	B.	Governing Law. This Use Agreement shall be governed, construed and enforced in accordance with the laws of the State of Iowa, notwithstanding any conflicts-of-law doctrines
or laws of any jurisdiction to the contrary. 

  

	 	C.	Survival. The provisions of Section 15(E) of this Service Contract shall indefinitely survive the expiration and termination of this Use Agreement.

  

	 	D.	Successors and Assigns. This Use Agreement shall be binding upon, and shall inure to the benefit of, the parties and their permitted successors and assigns.

  

	 	E.	Counterparts. This Use Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. 

  

	 	F.	No Strict Construction. This Use Agreement shall not be interpreted in favor of or against either party on account of such party having drafted this Use Agreement.

  

	 	G.	No Waiver. Neither the failure nor any delay on the part of either party to exercise any right, remedy, power or privilege under this Use Agreement shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, remedy, or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such
right, remedy, power or privilege with respect to any other occurrence. 

  

	 	H.	Covenant of Further Cooperation. Each of the parties agrees to execute and deliver such further documents and to cooperate in such manner as may be necessary to implement and
give effect to the provisions contained herein. 

  

	 	I.	Entire Agreement. This Use Agreement and the attached exhibits and schedules contains the entire understanding among the parties hereto with respect to the subject matter
hereof, and supersedes all prior and contemporaneous agreements and understandings, inducements or conditions, express or implied, oral or written, except as herein contained. The express terms hereof control and supersede any course of performance
and/or usage of the trade inconsistent with any of the terms hereof. This Use Agreement may not be modified or amended other than by an agreement in writing. 

  

	 	J.	Headings. The headings of the sections herein are inserted for convenience of reference only and shall be ignored in the construction and interpretation hereof.

  

	 	K.	Conflicts, No Expansion or Limit of Other Rights. No term or provisions of this Use Agreement shall operate or be construed to expand, waive, release, limit or diminish any
rights, remedies or recourse, REG or West Central may have against the other pursuant to the Stock Purchase Agreement of the Contribution Agreement executed by and between REG and West Central in connection therewith. 

  

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 IN WITNESS WHEREOF , the parties hereto have executed this Asset Use Agreement by affixing their authorized
signatures, the date and year first above written. 
  

													
	WEST CENTRAL COOPERATIVE	 		 	RENEWABLE ENERGY GROUP, INC.
							
	By	 	/s/ JEFFREY STROBURG	 	CEO	 		 	By	 	/s/ NILE RAMSBOTTOM	 	President
		 		 	(Title)	 		 		 		 	(Title)

  

 9Extended Payment Terms Agreement

 Exhibit 10.11 
 Confidential Treatment Requested. Confidential portions of this document have been redacted 
 and have been separately filed with the Commission. 
 EXTENDED PAYMENT
TERMS AGREEMENT 
 This Extended Payment Terms Agreement (the “Agreement”) is dated June 29, 2009, and is
between WEST CENTRAL COOPERATIVE, an Iowa cooperative association (“West Central”), and REG RALSTON, LLC, an Iowa limited liability company (“REG Ralston”). 
 West Central has been supplying soybean oil produced by it to REG Ralston for use in REG Ralston’s biodiesel production facility (the
“Facility”) located next to West Central’s grain cooperative and soybean crushing facilities at Ralston, Iowa. 
 The parties may agree in the future to have West Central purchase supplies of animal fat, corn oil and other products as feedstock for resale to REG Ralston for use in the Facility (soybean oil, corn oil, animal fat and such other
feedstocks are collectively referred to in this Agreement as “Feedstock”). 
 The parties desire to set forth their
understanding as to the terms of payment that will apply for soybean oil that West Central sells to REG Ralston as well as for any other Feedstock that West Central may agree in the future to purchase and resell to REG Ralston. 
 Therefore, the parties agree as follows: 
 1. Time of Payment. All payments for Feedstock delivered by or for West Central to REG Ralston shall be paid by wire transfer to an account designated by West Central on or before the 45th day
after West Central delivers an invoice for such Feedstock to REG Ralston. 
 2. Interest. Interest will accrue on amounts
due for Feedstock beginning on the 5th day after West Central delivers an invoice for such Feedstock until paid at a rate per annum equal to the lesser of (a) a rate per annum equal to the greater of (determined monthly): (i) *** percent
(***%) per annum over and above the LIBOR Rate (which rate of interest shall fluctuate monthly as provided below) or (ii) *** percent (***%) per annum, and (b) the highest rate permitted by law. Said interest shall be computed on
an actual day, three hundred sixty day year basis and be payable monthly in arrears by the 15th day after the end of each month. So long as any Event of Default (as defined below) shall occur or be continuing, the interest rate shall increase to the
lesser of (a) a rate per annum equal to the greater of (determined monthly): (i) *** percent (***%) per annum over and above the LIBOR Rate (which rate of interest shall fluctuate monthly as provided below) or (ii) *** percent
(***%) per annum, and (b) the highest rate permitted by law. “LIBOR Rate” means the daily average of interbank offered rates for US Dollar deposits in the London market based on quotations at major banks, as published under the
heading “London InterBank Offered Rates (LIBOR)” in the “Monthly Rates” column of The Wall Street Journal for the one month maturity as of the date which is two business days before the first day of the month for which
interest is to be computed. The LIBOR Rate and the interest rate under this Agreement will be determined and reset for each calendar month as provided above. 
 3. Maximum Credit. At no time during the term of this Agreement shall the Aggregate Outstanding Amount exceed *** Dollars ($***). The term “Aggregate Outstanding Amount” shall mean the
total invoice price from West Central to REG 

 *** Confidential material redacted and filed separately with the Commission. 
  
 Ralston of all Feedstock delivered by or for West Central to REG Ralston plus
accrued interest thereon for which West Central has not received payment. If at any time during the term of this Agreement the Aggregate Outstanding Amount shall equal or exceed $***, West Central may immediately suspend deliveries of Feedstock
until the Aggregate Outstanding Amount has been reduced below $***. 
 4. Application and Term of Agreement. The extended
payment terms of this Agreement, including without limitation the due dates for payments, the accrual of and calculation of interest and maximum credit, shall apply to all Feedstock delivered by or for West Central to REG Ralston on or after
February 12, 2009. Unless earlier terminated in accordance with the terms of this Agreement, West Central's agreement to provide the extended payment terms under this Agreement will expire on February 11, 2010. Notwithstanding the
foregoing, West Central may terminate this Agreement at any time, with or without cause, upon at least fifteen (15) days prior written notice to REG Ralston. 
 5. Security. Subject to the prior written consent of CoBank, ACB, if required under the Reimbursement Agreement dated November 15, 2001, signed in connection with a letter of credit issued by
CoBank, ACB for certain IDR Bonds (the “Reimbursement Agreement”), or documents related thereto, as security for all amounts due under this Agreement, REG Ralston hereby grants to West Central a security interest in all of the personal
property of REG Ralston, wherever located and whether now existing or hereafter acquired, together with all accessions and additions thereto, and all products and proceeds thereof, including without limiting the generality thereof, cash, deposit
accounts, inventories and accounts receivable (the “Collateral”). In addition, REG Ralston hereby grants to West Central an irrevocable power, coupled with an interest, to file any financing statement, continuation statement or amendment
necessary to perfect, or maintain perfection of the security interest granted hereby. REG Ralston agrees that such security interest shall be a lien on the Collateral, subject only to the security interest given by REG Ralston to CoBank, ACB
pursuant to that Security Agreement dated November 15, 2007 (the “CoBank Security Agreement”). 
 6. No Liens
or Encumbrances. REG Ralston hereby covenants that so long as any amount is due to West Central for Feedstock, or any interest thereon, it will not create, incur, assume, or allow to exist any mortgage, deed of trust, pledge, lien (including the
lien of an attachment, judgment, or execution), security interest or other encumbrance of any kind upon any of its real or personal property (including its leasehold interest where the Facility is located), except this covenant shall not apply to
(i) the mortgage lien held by CoBank, ACB, as security for the Reimbursement Agreement, (ii) the security interest given by REG Ralston to CoBank, ACB pursuant to the CoBank Security Agreement, and (iii) the security interest given by
REG Ralston to West Central as security for this Agreement. 
 7. Priority. REG Ralston hereby covenants that upon
written request by West Central, and in any event upon the occurrence of an Event of Default in the performance by REG Ralston of its obligations hereunder, until the Aggregate Outstanding Amount has been satisfied in full to West Central, REG
Ralston will not directly or indirectly make any payments to any Affiliates of REG Ralston, and including payments upon any liabilities (including accounts payable) owing to Affiliates of REG Ralston (“Affiliate Obligations”). 

 

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 8. Events of Default. The term “Event of Default” shall mean the
occurrence of any of the following events: 
  

	 	(a)	REG Ralston shall fail to make any payment required under this Agreement within three (3) days of when due; 

  

	 	(b)	REG Ralston shall fail to perform or observe any covenant contained in this Agreement; 

  

	 	(c)	either REG Ralston or any Affiliate (defined below) of REG Ralston shall (i) voluntarily commence any proceeding or file any petition seeking relief under Title 11
of the United States Code or any other federal, state or foreign bankruptcy, insolvency, receivership, liquidation or similar law, (ii) consent to the institution of, or fail to contravene in a timely and appropriate manner, any such proceeding
or the filing of any such petition, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator or similar official of itself or a substantial part of its property or assets, (iv) file an answer admitting
the material allegations of a petition filed against itself in any such proceeding, (v) make a general assignment for the benefit of creditors, (vi) become unable, admit in writing its inability or fail generally to pay its debts as they
become due, or (vii) take any corporate or limited liability company action for the purpose of effecting any of the foregoing; 

  

	 	(d)	an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking (i) relief in respect of REG
Ralston or any Affiliate of REG Ralston, or of a substantial part of the property or assets of REG Ralston or any Affiliate of REG Ralston under Title 11 of the United States Code or any other federal, state or foreign bankruptcy, insolvency,
receivership, liquidation or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator or similar official of REG Ralston or any Affiliate of REG Ralston or of a substantial part of the property or assets of REG Ralston
or any Affiliate of REG Ralston, or (iii) the winding up of or liquidation of REG Ralston or any Affiliate of REG Ralston, and such proceeding or petition shall continue undismissed for thirty (30) consecutive days or an order or decree
approving or ordering any of the foregoing shall continue unstayed and in effect for thirty (30) consecutive days; 

  

	 	(e)	REG Ralston or any Affiliate of REG Ralston shall become insolvent in either the equity or bankruptcy sense of the term; 

  

	 	(f)	a judgment or order is rendered against REG Ralston or any Affiliate of REG Ralston and either (i) enforcement proceedings have been commenced by any creditor upon
any such judgment or order or (ii) within thirty (30) days after entry thereof, such judgment or order is not paid or otherwise discharged or execution thereof stayed pending appeals, or within thirty (30) days after the expiration of
any such stay, such judgment or order is not paid or otherwise discharged; or a judgment or order in an amount in excess of $500,000.00 is rendered against REG Ralston or any Affiliate of REG Ralston, irrespective of whether such judgment or order
is paid or otherwise discharged or stayed pending appeal; 

  

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	 	(g)	any default or event of default shall occur under or within the meaning of any agreement, document or instrument evidencing, securing, guaranteeing the payment of or
otherwise relating to any outstanding indebtedness of REG Ralston or an Affiliate of REG Ralston for borrowed money in a principal amount in excess of $500,000.00; (i) any material default or material event of default shall occur under or
within the meaning of any material agreement, document or instrument heretofore, now or hereafter executed by REG Ralston or any Affiliate of REG Ralston with or in favor of West Central which is not cured within any applicable grace or cure period
(if any); 

  

	 	(h)	REG Ralston shall undergo a Change of Control, or REG Ralston enters into any merger or consolidation transaction, or liquidates or dissolves itself (or suffers any
liquidation or dissolution), or proceedings are initiated, voluntarily or involuntarily, against REG Ralston or its biodiesel facility for foreclosure or appointment of receiver, or REG Ralston conveys, sells, leases, transfers or otherwise disposes
of, in one transaction or a series of related transactions, its biodiesel facility, unless the prior written consent of West Central is first obtained. A “Change of Control” occurs upon any issuance and/or acquisition of voting equity
interests of REG Ralston that results in a person or entity other than Renewable Energy Group, Inc. or REG Newco, Inc. holding 50% or more of the outstanding voting equity interests of REG Ralston; 

  

	 	(i)	The termination or breach by Bunge North America, Inc. of the Master Services Agreement between Renewable Energy Group, Inc. and Bunge North America, Inc. dated
May 9, 2009. 

 REG Ralston and each Affiliate shall notify West Central of any Event of Default as soon as possible after
the occurrence of any such Event of Default. For purposes of this Agreement the term “Affiliate” means, with respect to a party, any other entity that directly, or indirectly through one or more intermediaries, controls or is controlled
by, or is under common control with, the party specified, with “control” or “controlled” meaning the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity,
whether through the ownership of voting securities or voting interests, by contract or otherwise. 
 9. West Central
Remedies. Upon the occurrence and during the continuance of any Event of Default, West Central may, at its option, exercise one or more of the following rights and remedies (and any other rights and remedies available to it): (a) West
Central may immediately discontinue supplying or delivering any Feedstock to REG Ralston, (b) West Central may declare immediately due and payable all amounts payable by REG Ralston to West Central for Feedstock for which West Central has not
received payment and interest thereon as provided in this Agreement, and the same shall thereupon be immediately due and payable, (c) West Central may bring a suit or suits against REG Ralston for specific performance or damages, or both, and
(d) West Central may exercise such other rights as it may have as a secured creditor. In any action or proceeding arising out of this Agreement, West Central shall be entitled to recover attorney’s fees and court costs incurred in
enforcing its rights hereunder. 
  

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 10. Effect of Agreement. Except as expressly amended and modified by the terms of
this Agreement all other terms and provisions relating to any agreement or course of dealing for the delivery and sale of Feedstock to REG Ralston shall remain unchanged. 
 11. Notices. All notices required or permitted under this Agreement will be in writing and will be deemed given and made: (i) if by personal delivery, on the date of such delivery,
(ii) if by facsimile, on the date sent (as evidenced by confirmation of transmission by the transmitting equipment), (iii) if by nationally recognized overnight courier, on the next business day following deposit, and (iv) if by
certified mail, return receipt requested, postage prepaid, on the third business day following such mailing; in each case addressed to the address or facsimile number shown below for such party, or such other address or facsimile number as such
party may give to the other party by notice: 
  

			
	If to West Central:	  	West Central Cooperative
		  	406 1st St. P.O. Box 68
		  	Ralston, IA 51459
		  	Attn:
                                        

		  	Fax: 712-667-3215
		
		  	
	If to REG Ralston:	  	REG Ralston, LLC
		  	416 S. Bell Ave. P.O. Box 888
		  	Ames, IA 50010
		  	Attn: President
		  	Fax: 515-239-8019

 12. Counterparts. This Agreement may be executed in counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument, and may be executed and delivered by facsimile signature, which shall be considered an original. 
 The parties are signing this Agreement on the date stated in the introductory clause. 
  

									
	WEST CENTRAL COOPERATIVE	 		 	REG RALSTON, LLC
					
	By	 	 /s/ Jeffrey Stroburg
	 		 	By	 	 /s/ Daniel J. Oh

	Name	 	Jeffrey Stroburg	 		 	Name	 	 Daniel J. Oh

	Title	 	CEO	 		 	Title	 	President

  

 - 5 -

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