Document:

Exhibit 10.1

 

FOURTH
AMENDMENT TO CONSTRUCTION LOAN AGREEMENT

 

This Fourth Amendment to Construction Loan Agreement is dated as of the
22nd day of April, 2005, and is by and between DAKOTA ETHANOL, L.L.C., a South
Dakota limited liability company (“BORROWER”) and FIRST NATIONAL BANK OF OMAHA
(“BANK”), a national banking association established at Omaha, Nebraska.

 

WHEREAS, BANK and BORROWER executed a Construction Loan Agreement dated
as of September 25, 2000 (the Construction Loan Agreement, together with all
amendments thereto is herein called the “AGREEMENT”)

 

WHEREAS, the parties desire to further amend the AGREEMENT.

 

Now, therefore, for valuable consideration, receipt and adequacy of
which is acknowledged, the parties agree as follows:

 

1.                                       All capitalized
terms herein that are not otherwise defined shall have the meanings assigned to
them in the AGREEMENT. Any requirements, covenants and obligations of BORROWER
pursuant to the AGREEMENT with regard to the CONSTRUCTION LOAN also apply to
the TERM NOTES and REVOLVING LOAN;

 

2.                                       Effective
immediately, Section 1.16 of the AGREEMENT is hereby amended to read:

 

1.16                           “LOAN TERMINATION DATE”
means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE
4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE,
April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this
AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER
of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment
in full of the OBLIGATIONS.

 

3.                                       BORROWER
certifies by its execution hereof that the representations and warranties set
forth in Section 5 of
the AGREEMENT are true as of this date, and that no EVENT OF DEFAULT under the
AGREEMENT, and no event which, with the giving of notice or passage of time or
both, would become such an EVENT OF DEFAULT, has occurred as of this date.

 

4.                                       This Amendment
maybe executed in any number of counterparts, each of which when so executed
and delivered shall be deemed to be an original and all of which counterparts
of each instrument or agreement, taken together, shall constitute but one and
the same instrument.

 

5.                                       Except as
amended hereby the parties ratify and confirm as binding upon 

 

 

them all of the terms of the AGREEMENT.

 

IN WITNBSS WHEREOF, the parties hereto have
caused this AGREEMENT to be executed by their respective officers or managers
thereunto duly authorized, as of the date first above written.

 

	
  Dakota
  Ethanol, L.L.C.

  	
  First
  National Bank of Omaha

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: /s/ Douglas Van Duyn

  	
   

  	
  By: /s/ Omer Sagheer

  	
   

  
	
  Doug Van Duyn,

  	
   

  	
   

  	
  Omer Sagheer, Commercial Loan Officer

  
	
  Chairman of the Board of Managers

  	
   

  	
   

  
						

 

 

NOTARY ACKNOWLEDGMENT

 

	
  STATE OF SOUTH DAKOTA)

  	
   

  
	
   

  	
  :ss

  
	
  COUNTY OF
  LAKE)

  	
   

  
			

 

On this 20th DAY OF April, 2005, before me, the
undersigned, a Notary Public, personally appeared Doug Van Duyn, the Chairman
of the Board of Governors of Dakota Ethanol, L.L.C., who executed the foregoing instrument, and acknowledged the
executed the same as his voluntary act and deed, as well as that of the comp

 

 

	
   

  	
  /s/ Alan
  May                     09-22-2007

  	
   

  
	
   

  	
  Notary Public

  

 

2Exhibit 10.2

 

REVOLVING
PROMISSORY NOTE

 

	
  Omaha, Nebraska

  	
  $3,000,000.00

  
	
  Note Date: April 22, 2005

  	
  Maturity Date: April 21, 2006

  

 

On or before April 21, 2006, Dakota Ethanol, L.L.C., a South Dakota
limited liability company (“BORROWER”) promises to pay to the order of First National Bank of Omaha (“BANK”) at
any of its offices in Omaha, Nebraska the principal sum hereof, which shall be
Three Million and no hundredths Dollars ($3,000,000.00) or so much thereof as
may have been advanced by BANK and shown on the records of the BANK to be
outstanding, under this Note and the Construction Loan Agreement executed by
the BANK and BORROWER dated as of September 25,
2000, as it may, from time to time, be amended.

 

Interest on the principal amount outstanding
shall accrue from time to time at a rate (the “RATE”) equal to fifty (50) basis points higher than the BASE RATE in
effect from time to time until maturity, and three per cent (3%) above the BASE
RATE in effect from time to time after maturity, whether by acceleration or
otherwise. Provided, however, at no time shall the RATE be less than five (5%)
percent per annum.  For purposes hereof,
BASE RATE shall mean the rate announced by BANK from time to time as its “National
Base Rate.”  Each time the BASE RATE
shall change, the RATE shall change contemporaneously with such change in the
BASE RATE.  Interest shall be calculated
on the basis of a 360-day year, counting the actual number of days elapsed.
Interest on the REVOLVING LOAN shall be payable quarterly.

 

INCENTIVE PRICING.
The interest rate applicable to this promissory note is subject to reduction In
the event that BORROWER maintains, as measured quarterly, the following ratios,
the interest rates will be reduced accordingly, for the subsequent quarter:

 

	
  If
  the Ratio of INDEBTEDNESS to

  NET WORTH is:

  	
   

  	
  Interest rate will be:

  
	
   

  	
   

  	
   

  
	
  Equal to or greater than 1.01 : 1.00

  	
   

  	
  BASE RATE
  plus 50 basis points

  
	
  Greater than .75 : 1.00, but less than
  1.01: 1.00

  	
   

  	
  BASE RATE
  plus 25 basis points

  
	
  Less than or equal to .75 : 1.00

  	
   

  	
  BASE RATE
  plus 0 basis points

  

 

This note is executed pursuant to a
Construction Loan Agreement dated as of September 25 ,2000, between BANK and
BORROWER (the “AGREEMENT”) as it may be amended from time to time. This Note
evidences the REVOLVING NOTE identified in the AGREEMENT.  The AGREEMENT contains additional terms of
this Note, including, but not limited to enumerated events of default, and the
granting

 

 

Dakota
Ethanol, L.L.C.

2000060491-006

 

of liens to secure BORROWER’S performance.
All capitalized terms not otherwise defined herein shall have the same meanings
as set forth in the AGREEMENT.

 

As provided in the AGREEMENT, upon any such
enumerated default, BANK may accelerate the due date of this Note and declare
all obligations set forth herein immediately due and payable, and BANK shall
also have such other remedies as are described in the AGREEMENT and are
provided by law.  All makers and
endorsers hereby waive presentment, demand, protest and notice of dishonor,
consent to any number of extensions and renewals for any period without notice;
and consent to any substitution, exchange or release of collateral, and to the
addition or releases of any other party primarily or secondarily liable,

 

Executed as of the 20th day of April, 2005.

 

	
  Dakota Ethanol,
  L.L.C.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: /s/ Douglas Van Duyn

  	
   

  	
   

  
	
   

  	
  Doug Van Duyn, Chairman of the Board of
  Managers

  	
   

  
				

 

 

NOTARY ACKNOWLEDGMENT

 

	
  STATE OF SOUTH DAKOTA)

  
	
   

  	
   :  SS

  
	
  COUNTY OF LAKE)

  

 

On this 20th day of April 2005, before me,
the undersigned, a Notary Public; personally appeared Doug Van Duyn, the
Chairman of the Board of Managers of Dakota Ethanol, L.L.C., who executed the
foregoing instrument, and acknowledged that he executed the same as his
voluntary act and deed, as well as that of the company.

 

	
   

  	
    /s/
  Alan May

  	
   

  	
  09-22-2007

  
	
   

  	
    Notary
  PublicExhibit 10. 1

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

TECHNOLOGY AND
PATENT RIGHTS

LICENSE AGREEMENT

 

This
Technology and Patent Rights License Agreement, (the “Agreement”), is made and
entered into effective the 5th day of April, 2005 (the “Effective Date”), by
and between Broin and Associates, Inc., a South Dakota corporation located
at 2209 East 57th Street North, Sioux Falls, South Dakota 57104 (“Licensor”)
and Great Plains Ethanol, LLC a South Dakota limited liability company, located
at 27716 - 462nd  Avenue,
Chancellor, SD 57015, (“Licensee”).

 

RECITALS;

 

A.                               Licensee
owns and operates a dry mill fuel ethanol plant near Chancellor, South Dakota,
for the production and marketing of fuel ethanol and ethanol co-products.

 

B.                                 Licensor
is in the business of designing and building dry mill fuel ethanol plants.

 

C.                                 Licensor
possesses the Technology and Patent Rights necessary to operate Licensee’s
Ethanol Plant to produce the Licensed Products using the Licensed Methods.

 

D.                                Licensee
desires to acquire non-exclusive licenses to Licensor’s Technology and Patent
Rights, and Licensor is willing to grant such licenses, all in accordance with
the terms of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual promises and conditions set forth in
this Agreement, Licensor and Licensee hereby agree as follows:

 

ARTICLE I
-  DEFINITIONS

 

1.1           “Affiliate” or “Affiliates” of Licensor
means Jeffrey S. Broin, Robert L. Broin, Todd R. Broin, one or more members of
their respective Immediate Families, Broin Enterprises, Inc., Broin
Management, LLC, Ethanol Products, LLC, or any other present or future company
of which ten percent (10%) or more of the outstanding securities are owned or
controlled by Licensor or one or more Affiliates.

 

1.2           “Application” means an application
for the protection of an invention or an industrial design; reference to an “Application”
shall include applications for patents for inventions (including utility and
provisional applications), reissue applications, inventors’ certificates,
utility certificates, utility models, patents or certificates of addition,
inventors’ certificates of addition, utility certifications of addition, design
patents, and industrial design registrations, foreign or domestic, including
the Applications identified in Exhibit B, if any.

 

1

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

1.3           “Confidentiality Agreement” means the
Confidentiality and Nondisclosure Agreement dated April 5, 2005, between
Licensee and Licensor, and/or any amendment, modification or replacement
agreement between Licensee and Licensor with respect to the protection and
nondisclosure of Confidential Information.

 

1.4           “Confidential Information” means the
Confidential Information of Licensor and its Affiliates, as defined in the
Confidentiality Agreement, and any other information now or later identified by
Licensor and its Affiliates as being confidential and subject to nondisclosure
obligations.

 

1.5           “Ethanol Plant” means the ethanol
production facility owned and operated by Licensee near Chancellor, South
Dakota.

 

1.6           “Gross Income” means gross income as
determined under generally accepted accounting principles, applied on a
consistent basis.

 

1.7           “Immediate Family” or “Immediate
Families” means respectively and collectively the spouse, children,
grandchildren and parents of Jeffrey S. Broin, Robert L. Broin and Todd R.
Broin.

 

1.8           “Initial New Technology Fee” means
the initial fee to be paid to Licensor for New Technology pursuant to any Addendum
executed by the parties.

 

1.9           “Licensed Products” means any and all
products, machines, manufactures, or compositions of matter which are covered
by or are produced using a process or a method covered by the Technology and
Patent Rights, including but not limited to ethanol, distillers grain, carbon
dioxide and other ethanol co-products.

 

1.10         “Licensed Methods” means any and all
methods or processes which are covered by the Technology and Patent Rights,
including but not limited to methods of producing ethanol, distillers grain,
carbon dioxide or other ethanol co-products.

 

1.11         “License” or “Licenses” means the
Technology License and/or Patent Rights License described in Section 2.1

 

1.12         “Management Agreement” means the
agreement between Licensee and Manager with respect to the management and
operation of the Ethanol Plant, as evidenced by the First Amended and Restated
Operating Agreement of Great Plains Ethanol, LLC dated April 23, 2001,
and/or any amendment, modification or replacement agreement between Manager and
Licensee for the management and operation of the Ethanol Plant.

 

1.13         “Management Bonus” means the management
bonus to be paid to Manager under the terms of Section 9.3(b) of the
Management Agreement.

 

2

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

1.14         “Management Fee” means the management
fee paid to Manager pursuant the terms of Section 9.3(a) of the
Management Agreement.

 

1.15         “Management Term” means from the date
of this Agreement until such time as the Management Agreement expires or is
terminated by either Licensee and/or Manager, pursuant to the terms and
conditions of the Management Agreement.

 

1.16         “Manager” means Broin Management, LLC,
its successors and assigns.

 

1.17         “New Technology” means: (i) replacements,
improvements, enhancements or modifications to the Technology and Patent
Rights, (ii) new inventions and discoveries for the construction and
operation of the Ethanol Plant, the manufacture of the Licensed Products and/or
use of the Licensed Methods, and (iii) technology in research,
development, or testing stage, and technology to be researched, developed or
tested by Licensor subsequent to the date of this Agreement, and (iv) any
processes; systems, diagrams, information, balances, blueprints,
configurations, manuals, videotapes or any other proprietary rights, patents,
trademarks, copyrights, trade secrets, formulas, research data, know-how,
process control systems, software certifications and specifications and other
technology that is not part of the Technology and Patent Rights.

 

1.18         “Patents” means patents, reissues,
renewals, and extensions thereof for inventions, inventors’ certificates,
utility certificates, utility models, patents or certificates of addition,
inventors’ certificate of addition, utility certificates of addition, design
patents, and industrial design registrations.

 

1.19         ‘Patent Rights” means: (i) the
Scheduled Patents, and (ii) such Patents and Applications directed to the
construction and operation of the Ethanol Plant, the manufacture of the
Licensed Products and/or use of the Licensed Methods that Licensor may own or
gain rights to license during the term of this Agreement and which Licensor may
agree to include in the Patent Rights.

 

1.20         “Patent Rights License” means a
revocable, non-exclusive, indivisible and non-transferable right and license to
use the Patent Rights solely for the Permitted Purpose, subject to the
conditions set forth herein.

 

1.21         “Permitted Purpose” means the operation
of the Ethanol Plant for the production of the Licensed Products and/or use of
the Licensed Methods at the Ethanol Plant.

 

1.22         “Person” means an individual,
partnership, limited partnership, limited liability company, foreign limited
liability company, trust, estate, corporation, foreign corporation,
cooperative, custodian, trustee, executor, administrator, nominee,
representative or any other individual or entity, however designated.

 

3

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

1.23         ‘Post-Management Term” means that
period of time commencing upon (i) the expiration of the Management
Agreement at the conclusion of its natural term with no renewal thereof, or (ii) Licensee’s
termination of the Management Agreement for cause as defined in the Management
Agreement, and in either event concluding upon the earlier of (iii) the
date that Licensee ceases to use all of the Technology and/or Patent Rights, or
(iv) the annual anniversary date of the expiration or termination of the
Management Agreement occurring at least ninety (90) days following the giving
of notice of termination of the Licenses, by Licensee pursuant to Section 3.3.

 

1.24         ‘Post-Management Term Fees” means the     **                to
be paid by Licensee to Licensor during the Post Management Term as provided in
any Addendum executed by the parties.

 

1.25         “Scheduled Patents” means the
Applications and Patents listed in any Addendum executed by the parties.

 

1.26         “Technology” means: (i) all
processes, systems, diagrams, information, balances, blueprints,
configurations, manuals, videotapes, proprietary rights, patents, trademarks,
copyrights, trade secrets, formulas, research data, know-how, process control
systems, software configurations and specifications, and other technology
required to operate the Ethanol Plant, to manufacture the Licensed Products,
and/or use the Licensed Methods, all as identified in Exhibit A, (ii) means
all inventions and discoveries covered by the claims in the Applications prior
to the issuance of, during the life of, and following the expiration of the
Patents, and (iii) any of the foregoing directed to the manufacture of the
Licensed Products and/or use of the Licensed Methods that Licensor may own or
gain rights to license during the term of this Agreement, but not including the
New Technology until so specified in an Addendum.

 

1.27         “Technology and
Patent Rights Fee” means the        **       equal
to       **         to
be paid to Licensor by Licensee during the Management Term for the right to use
the Technology and Patent Rights to produce the Licensed Products using the
Licensed Methods, pursuant to Section 4.1.

 

1.28         “Technology License”
means the revocable, non-exclusive, indivisible and non-transferable right and
license to use the Technology solely for the Permitted Purpose as granted by
Licensor to Licensee pursuant to Section 2.1, but, subject to the
conditions set forth in this Agreement.

 

1.29         “Third Party” means
any Person other than Licensee and its officers and employees having a reason
to know the Technology and Patent Rights.

 

1.30         “Transfer” means a
sale, assignment, gill, exchange or other disposition of the Technology and/or
the Patent Rights. “Transfer” does not mean or include a mortgage, pledge or
grant of a security interest or other encumbrance of or in the item in
question.

 

4

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

ARTICLE II-
GRANT OF LICENSE

 

2.1           Non-Exclusive
License. Licensor hereby grants to Licensee the Technology License and the
Patent Rights License. (the “Technology License”)

 

2.2           Restrictions.
Licensee is prohibited from using the Technology and/or Patent Rights for any
purpose other than the Permitted Purpose. Licensee is prohibited from
disclosing to any Person the Technology and Patent Rights. Licensee is
prohibited from sublicensing, renting, and/or leasing to any Person the
Technology and/or Patent Rights. Licensee is prohibited from reverse
engineering the Technology and/or Patent Rights. Licensee is not granted the
right to use the Technology and/or Patent Rights in connection with the design,
construction, operation or maintenance of another ethanol facility.

 

2.3           New Technology.
The Licenses do not extend to New Technology until an Addendum is executed by
the parties under which the New Technology becomes subject to the
Licenses.  If during the term of this
Agreement, Licensor, Licensee and/or Licensee’s employees, consultants, and
contractors develop any New Technology, or if Licensor becomes the owner of any
New Technology, such New Technology shall be solely owned by Licensor.  If Licensee, its employees, consultants
and/or contractors develop any New Technology, or if any of the foregoing
become the owners of any rights in New Technology, Licensee, its employees,
consultants and/or contractors shall assign to Licensor all right, title and
interest in and to the New Technology. 
New Technology, in the sole discretion of Licensor, may be licensed to
Licensee. If Licensor determines that Licensor will make available and license
to Licensee the New Technology, then the New Technology shall become part of
the Technology licensed hereunder, and shall be licensed to Licensee without
charge or additional compensation to be paid by Licensor during the Management
Term.  Any charges and additional
compensation to be paid to Licensor during the Post-Management Term shall be
set forth in an Addendum that shall be executed by the parties.

 

2.4           Assignments to Licensee.
Licensee shall require all of Licensee’s current and future employees,
consultants and contractors to assign to Licensee all New Technology, so as to
ensure and facilitate the assignment by Licensee to Licensor of the same.
Licensee’s current and future employees, consultants and contractors shall
execute and deliver to Licensee an Employee, Consultant or Contractor
Confidentiality and Nondisclosure Agreement in the form attached to the
Confidentiality Agreement. Licensee shall enforce the terms and conditions of
the Employee, Consultant or Contractor Confidentiality and Nondisclosure
Agreement, and hereby authorizes Licensor, as a third party beneficiary, to
enforce the same, and agrees to cooperate and assist Licensor in the
enforcement of the same.

 

2.5           Patent Prosecution. Licensor
shall have full control over prosecution and maintenance of the Applications
and Scheduled Patents. Licensor shall use, at its sole discretion, reasonable
efforts to establish patent protection for the information, inventions and
discoveries included in the Applications and shall timely keep Licensee advised
of the status of such prosecution and maintenance thereof In addition, with
respect to the development of New

 

5

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

Technology, Licensee may offer, at its own expense, assistance to
Licensor in the drafting of claims and specifications for the development of
New Technology and/or filing of new Applications.

 

ARTICLE III
-  TERM

 

3.1           Initial Technology License Term.
The Technology License shall commence on the Effective Date of this Agreement
and shall terminate, unless otherwise terminated as provided herein, upon the
earlier of (i) the date that Licensee ceases to use all of the Technology,
or (ii) the conclusion of the Management Term.  If Licensor determines, in its sole
discretion, that the processes, know-how, and other proprietary information
contained in the Technology infringes or may infringe upon the proprietary information
of any Person, then the Technology License with respect to said infringing
processes, know-how, and other proprietary information shall terminate upon
notice from Licensor to Licensee.

 

3.2           Initial Patent  Rights
License Term. The Patent Rights License shall commence on the Effective Date
of this Agreement and shall terminate, unless otherwise terminated as provided
herein, upon the earlier of (i) the date that Licensee ceases to use all
of the Patent Rights, (ii) the conclusion of the Management Term, or (iii) expiration
of the last to expire of any of the Scheduled Patents issued.

 

3.3           Post-Management  Term.
Upon the commencement of the Post-Management Term, Licensee shall have the
option to continue the Licenses in full force and effect on a year-to-year
basis, subject to Licensee’s fulfillment of Licensee’s obligations hereunder,
including but not limited to Licensee’s payment of the Post-Management Term
Fees, and Licensee’s obligations under any and all Addendums to this License
Agreement.  To exercise the option to
continue the Licenses, Licensee shall give Licensor written notice of Licensee’s
election to exercise the option at least ninety (90) days prior to the
expiration of the Management Agreement if it expires at the conclusion of its
natural term or no later than the date that Licensee gives Manager notice of
termination of the Management Agreement for cause.  Thereafter, the Licenses shall renew
automatically on a year-to-year basis, unless Licensee gives Licensor written
notice of Licensee’s election to terminate the Licenses, which notice shall be
given at least ninety (90) days prior to the anniversary date of the expiration
of the Management Term. If Licensee timely exercises the option to continue the
Licenses, then the Licenses shall continue in full force an4 effect during the
Post-Management Term.

 

ARTICLE IV
- COMPENSATION

 

4.1           License  Fees During  the
Management Term. During the Management Term, Licensee shall pay to Licensor
the Technology and Patent Rights Fee, as defined in Section 1.27.  The Technology and Patent Rights Fee shall be
paid            **                              .

 

6

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

If during the Management Term Licensor
transfers to a Person that is not an Affiliate of Licensor this Agreement, or
if during the Management Term a controlling interest in the stock of the
Licensor (more than 50%) is held by a Person that is not an Affiliate of
Licensor, then Licensee may request that the amount of the Technology and
Patent Rights Fee be renegotiated for the balance of the Management Term.
Licensee shall have ninety (90) days following receipt of written notice of
Transfer from Licensor or Licensor’s transferee within which to request that
the Technology and Patent Rights License Fee be renegotiated. Upon Licensee’s
timely request to renegotiate the Technology and Patent Rights License Fee,
Licensee and Licensor or Licensor’s transferee, whichever is applicable, shall
in good faith attempt to agree upon the amount of the Technology and Patent
Rights Fee to remain in effect during the remaining portion of the Management
Term.  The amount of the Technology and
Patent Rights License Fee shall be determined based upon a comparison of
Licensor’s commitment to research and development of New Technology and
Licensor’s or Licensor’s transferee’s commitment to research and development of
New Technology.  If Licensor or Licensor’s
transferee and Licensee are unable to agree upon the amount of the Technology
and Patent Rights Fee, then the Technology and Patent Rights Fee shall be equal
to
                         **                                 
throughout the remainder of the Management Term. Notwithstanding the provisions
of Section 2.3, and notwithstanding the fact that the decision of Licensor
to license to Licensee the New Technology is solely within the discretion of
Licensor or Licensor’s transferee, Licensee shall not be eligible to license
from Licensor or Licensor’s transferee any New Technology once and for so long
as Licensee is paying the Technology and Patent Rights Fee at the reduced rate
of    **                         .

 

4.2           Post-Management  Term  Fees.
During the Post-Management Term, Licensee shall pay Licensor only the licensing
fees specified in any Addendum executed by Licensor and Licensee for New
Technology.  The Technology and Patent
Rights Fee to be paid by Licensee to Licensor during the Management Term, as
identified in Section 4.1, shall not be paid by Licensee to Licensor
during the Post-Management Tenn.

 

ARTICLE V - REPRESENTATIONS AND WARRANTIES

 

5.1           List of  Technology and  Patent
Rights . Licensor represents and warrants

 

that Exhibit A
contains a complete and accurate listing of all licensed Technology. Licensor
represents and warrants that there ate no Applications or Scheduled Patents
licensed, except as are identified in any Addendum executed by the parties.

 

5.2           No Claims of Infringement.
Licensor represents and warrants that there are no claims of infringement filed
against Licensor with respect to the Technology and/or Patent Rights anywhere
in the world.

 

5.3           No Further Infringement Warranties.
Except as set forth herein above, Licensor makes no representations or
warranties, express or implied, with regard to the infringement of proprietary
rights of any Person.

 

7

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

5.4           No Other Warranties or  Representations.
Except as set forth in this Agreement, neither Licensor nor persons acting on
Licensor’s behalf make any warranty, express or implied.

 

ARTICLE VI- DISCLAIMER OF WARRANTIES AND

CLAIMS/INDEMNIFICATION

 

6.1           Disclaimer of  Infringement
Claims. Licensor has provided Licensee in good faith the rights and
privileges contained in this Agreement. 
However, nothing contained in this Agreement shall be construed as (i) a
warranty or representation by Licensor as to the validity or scope of any of
the Technology or Patent Rights; or (ii) a warranty or representation that
the Technology, Patent Rights, Licensed Products and Licensed Methods, or part
thereof embodying any of them, will be free from infringement of patents,
trademarks, copyrights, service marks, or other proprietary rights of any
Person.

 

6.2           Disclaimers of Other Claims .
Licensor disclaims all liability and responsibility for property damage, death,
and personal injury, whether or not foreseeable, that may result from the
manufacture, use, or sale of the Licensed Products and/or use of the Licensed
Methods, and Licensee agrees to assume all liability and responsibility for all
such damage, death and personal injury.

 

6.3           Licensee’s Obligation to Indemnify
and Defend. Licensee agrees to indemnify, defend, and hold harmless
Licensor from and against all claims (including, without limitation, product
liability claims), suits, losses and damages, including reasonable attorneys’
fees and any other expenses incurred in the investigation and defense of any
claim arising out of Licensee’s manufacture, use or sale of the Licensed
Products and/or use of the Licensed Methods, and/or out of any allegedly
unauthorized use of any trademark, service mark, patent, copyright, process,
idea, method, or device (excepting the Technology and/or Patent Rights) by
Licensee or those acting under its apparent or actual authority, except for
claims that the Technology, the Patent Rights and/or the manufacture, use, or
sale of the Licensed Products and/or use of the Licensed Methods, solely to the
extent the same incorporate or conform to the Technology and/or Patent Rights,
infringe any patent, copyright, trademark, service mark or other proprietary
rights of any Person.

 

6.4           Licensor’s Obligation to Indemnify
and Defend. Licensor agrees to indemnify, defend, and hold harmless
Licensee from and against all claims that Licensor’s Technology and/or Patent
Rights infringe upon patents, trademarks, copyrights, trade secrets or any
other proprietary rights owned or controlled by any Person by reason of
Licensee’s manufacture, use or sale of the Licensed Products and/or use of the
Licensed Methods, or for the use of Licensors’ Technology and/or Patent Rights.
Licensee shall inform Licensor immediately upon receipt of notice of any suit,
action or claim relating to patents, trademarks, copyrights, trade secrets or
other proprietary rights of any Person having any bearing on Licensor’s
Technology and/or Patent Rights. Should it so
elect, Licensee may, at its own expense, join Licensor in the defense of any
such suit, action or claim, In the event that Licensor’s Technology and/or
Patent Rights are found to infringe in any of the aforementioned instances,
Licensor shall indemnify Licensee

 

8

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

for any and all damages, except as excluded under Section 10.5, arising out of the infringement, and
shall (i) obtain the right to use patents, trademarks, copyrights, trade
secrets and/or other proprietary rights of said Person, (ii) modify
Licensor’s Technology and/or Patent Rights so as not to infringe upon the
rights of said Person, and/or (iii) achieve some other resolution of the
infringement claims so as to allow Licensee to use the Technology and Patent
Rights to operate Licensee’s Ethanol Plant, to manufacture the Licensed
Products and use the Licensed Methods.

 

ARTICLE VII
-  DEFENSE OF TECHNOLOGY

 

7.1           Licensor’s
Right to Prosecute and/or Defend. Licensor shall have the right, at its election
and expense, but not the obligation, to prosecute any and all claims against
any Person for infringement or misappropriation of the Technology and/or Patent
Rights.

 

7.2           Licensee’s Right to Defend. If
Licensor fails or refuses to prosecute any and all claims against any Person
for infringement or misappropriation of the Technology and/or Patent Rights, or
fails or refuses to defend any such claim, Licensee may initiate the
prosecution or assume control of the defense. 
However, Licensor shall not be responsible for any settlement made
without its prior written consent, or for any costs, expenses or fees incurred
by Licensee without Licensor’s prior written consent.

 

ARTICLE VIII
- CONFIDENTIAL INFORMATION

 

8.1           Confidential Information.
Licensor and Licensee hereby acknowledge and agree that the Technology and the
Patent Rights are a part of the Confidential Information, are subject to the
terms and conditions of the Confidentiality Agreement, and are provided to
Licensee solely for the Permitted Purpose. 
Upon the termination of this Agreement and/or the Licenses, the
Technology, Patent Rights and the other Confidential Information in the
possession of Licensee shall be removed from Licensee’s Ethanol Plant and
possession and shall be returned to Licensor, and Licensee shall retain no
written, electronic or other forms of documentation with respect to the
Technology, Patent Rights and other Confidential Information.

 

8.2           Protection of Technology and
Patent Rights. Licensee agrees to protect the Technology, Patent Rights and
other Confidential Information, or any part thereof, from disclosure pursuant
to the terms and conditions of the Confidentiality Agreement. Licensee shall
require all of Licensee’s current and future employees, consultants and contractors
to keep confidential the Confidential Information. Licensee’s current and
future employees, consultants and contractors shall execute and deliver to
Licensee an Employee, Consultant or Contractor Confidentiality and
Nondisclosure Agreement in the form attached to the Confidentiality Agreement.
Licensee shall enforce the terms and conditions of the Employee, Consultant or
Contractor Confidentiality and Nondisclosure Agreement, and hereby authorizes
Licensor, as a third party beneficiary, to enforce the same, and agrees to
cooperate and assist Licensor in the enforcement of the same.

 

8.3           Ownership of Technology and Patent
Rights. Licensee agrees and acknowledges

 

9

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

that the Technology and Patent Rights are
proprietary to and are the sole, exclusive and confidential property of Licensor,
and that Licensor expressly maintains all rights to the Technology and Patent
Rights including, but not limited to, copyright, patent, trademark and trade
secret protections as provided by federal and state law. Nothing contained in
this Agreement shall be construed as granting or employing any Transfer to
Licensee of any rights in or to the Technology and Patent Rights beyond the
specific Licenses granted herein.

 

ARTICLE IX
-  ASSIGNMENT

 

Licensee shall
not Transfer to any Person this Agreement or the Licenses without the prior
written consent of Licensor. Licensor shall be entitled to Transfer to any
Person this Agreement and the Licenses without the prior written consent of
Licensee.

 

ARTICLE X
- DEFAULT AND
REMEDIES

 

10.1         Licensee’s Events of Default.
Each of the following events shall be a default by Licensee and a breach of
this Agreement:

 

A.            If Licensee fails to
pay Licensor any amounts required under this Agreement as and when they become
due and payable, or fails to pay Licensor or any Affiliate any amount required
under any other agreement between Licensor or an Affiliate and Licensee, as and
when they become due and payable.

 

B.             If Licensee fails to keep, observe or perform
any of the other terms and conditions of this Agreement or of any other
agreement between Licensee and Licensor or an Affiliate.

 

C.             If Licensee vacates or abandons the Ethanol
Plant.

 

D.            If Licensee
Transfers or attempts to Transfer this Agreement or the Licenses, voluntarily
or by operation of law, without the prior written consent of Licensor.

 

E.             If Licensee
breaches the confidentiality provisions set forth in Article VIII.

 

F.             If Licensee files a
petition in bankruptcy or insolvency or for reorganization or arrangement under
the bankruptcy laws of the United States or any insolvency act of any state or
shall voluntarily take advantage of any such law or act by answer or otherwise
or shall be dissolved or shall make an assignment for the benefit of creditors.

 

G.             If involuntary proceedings under any such
bankruptcy law or insolvency act shall be instituted against Licensee or if a
receiver or trustee shall be appointed for all or substantially all of the
property of Licensee and such proceeding shall not be dismissed or

 

10

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

such receivership or trustee vacated within sixty (60) days after institution or appointment.

 

H.            If Licensee merges
with another entity, completes the sale of substantially all of its assets to
any Person, or any Person that is a competitor of Licensor acquires more than
ten percent (10%) of the outstanding capital or voting rights of Licensee.

 

10.2         Licensor’s Remedies. Upon the
occurrence and continuance of an event of default, Licensor shall give Licensee
thirty (30) days’ written notice of default, specifying the event of default
and the action required to cure the default. 
If Licensee fails to cure the event of default within (30) days,
Licensor may resort to any and all legal remedies or combination of legal
remedies allowed by law and/or this Agreement, including, without limitation,
the termination of this Agreement and the Licenses, and the removal of the
Technology and Patent Rights from Licensee’s Ethanol Plant and possession and
the recovery of all damages, reasonable attorneys’ fees and costs. Licensor, in
addition to all of the other remedies allowed by law, shall be entitled to
specific performance and/or injunctive relief.

 

10.3         Licensor’s Default. Licensor’s
failure to keep, observe or perform any of the terms and conditions of this
Agreement, shall be a default by Licensor and a breach of this Agreement.

 

10.4         Licensee’s Remedies. Upon the
occurrence and continuance of an event of default, Licensee shall give Licensor
ninety (90) days written notice of default, specifying the event of default and
the action required to cure the default. In this event Licensor shall cure the
default within ninety (90) days if the default is of such a nature as it can be
cured by Licensor by making a reasonable effort to cure the default within
ninety (90) days. If the default is of such a nature that it cannot be cured by
Licensor making a reasonable effort to cure the default within ninety (90)
days, then Licensor shall within the ninety (90) days make a reasonable effort
to cure the default and continue making such efforts until the default is
cured.  If Licensor fails to timely
fulfill its obligations as set forth in this Section 10.4, Licensee may
resort to any and all legal remedies or combination of legal remedies allowed
by law and/or this Agreement, including, without limitation, the termination of
this Agreement and the Licenses, and the recovery of all damages, reasonable
attorneys’ fees and costs.  Licensee, in
addition to all of the other remedies allowed by law, shall be entitled to
specific performance and/or injunctive relief.

 

10.5         Remedies Cumulative. No remedy
conferred upon or reserved to Licensor or Licensee shall be considered to
exclude or suspend any other remedy, but the same shall be cumulative and shall
be in addition to every other remedy now or hereafter existing at law or by
statute and every power and remedy given by this Agreement to Licensor or
Licensee may be exercised from time to time and as often as occasion may arise.
No delay or omission of Licensor or Licensee to exercise any right or power
arising from any event of default shall impair any such right or power, nor
shall it be construed to be a waiver of any such event of default or
acquiescence therein. Notwithstanding the provisions of Sections 10.2 and 10.4,
in no event shall either party be liable for any lost profits, lost data, or
any form of incidental, consequential, or punitive damages of any kind whether
or not foreseeable.

 

11

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

10.6         Rights of Parties After Termination.
Neither party shall be relieved of any obligation or liability under this
Agreement arising from any act or omission committed prior to the effective
date of such termination. In the event of expiration of this Agreement or
termination of this Agreement for any reason whatsoever, the rights and
obligations of the parties under Articles VIII, IX, X, XI and XIII shall
survive any expiration or termination of this Agreement. From and alter any
expiration or termination of this Agreement, Licensee shall have the right to
sell any Licensed Products that Licensee had already manufactured prior to
termination. From and after any expiration or termination of this Agreement and/or
the Licenses, Licensee shall not manufacture any Licensed Products using the
Technology and Patent Rights.

 

ARTICLE XI-
TRADE SECRETS

 

Licensee
agrees and acknowledges that the Technology and Patent Rights licensed to
Licensee by Licensor meet the definition of a trade secret as defined by the
South Dakota Codified Law § 37-29-1(4), and Licensor is
entitled to any and all rights and
remedies granted by the South Dakota Uniform Trade Secrets Act for any breach
by Licensee of this Agreement.

 

ARTICLE XII-
MISCELLANEOUS PROVISIONS

 

12.1         Taxes.
Licensee shall be responsible to pay all taxes of any type, nature or
description (including, but not limited to, sale, use, gross receipts, excise,
import, export, income and employment taxes); provided, however, Licensee shall
not be responsible for any income taxes imposed upon Licensor by any taxing
jurisdiction, arising by virtue of the performance of this Agreement.

 

12.2         Compliance. With respect to its
rights and obligations pursuant to this Agreement, each party shall comply with
all applicable federal and local laws, rules and regulations.

 

12.3         Successors and  Assigns.
Subject to Article IX, this Agreement shall be binding upon and inure to
the benefit of the successors, and to the extent permitted herein, the assigns
of the parties.

 

12.4         Governing  Law. This
Agreement shall be governed by and shall be construed in accordance with the
laws of the State of South Dakota.

 

12.5         Waiver
of Jury Trial. LICENSOR AND LICENSEE 
IRREVOCABLY WAIVE ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT
OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS AND RELATIONSHIPS OF THE
PARTIES CONTEMPLATED HEREBY OR THEREBY.

 

12.6         Entire
Agreement. This Agreement, the Confidentiality Agreement, the Management Agreement,
any Exhibits hereto, and any Addendums executed by the parties as described
herein, constitute the entire agreement and understanding of the parties and
supersedes

 

12

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

all prior agreements and understandings, whether oral or written. No
modifications or claimed waiver of any of the provisions of the foregoing shall
be valid unless in writing and signed by the duly authorized representative
against whom such modification or waiver is sought to be enforced.

 

12.7         No Other Rights. Nothing
contained in this Agreement shall be construed as conferring by implication,
estoppel, or otherwise upon either party any rights, obligations or
restrictions, except those expressly granted by this Agreement.

 

12.8         No Partnership or Joint Venture.
Nothing contained in this Agreement shall constitute or be construed to create
a partnership or joint venture between Licensor and Licensee.  Neither party shall have authority to make
any statements, representations or commitments of any kind, or to take any
action, that will be binding on the other party.

 

12.9         Notice. All notices required
under this Agreement shall be effective if sent by first class mail, postage
prepaid or by recognized express courier to the address of the parties set
forth above. Licensor and the Licensee may provide supplemental notice by means
of fax or e-mail.

 

12.10       Acceptance. This Agreement shall
be effective only after acceptance of its terms by Broin Management at its home
office in Sioux Falls, South
Dakota.  No duties, liabilities, or
detriment shall be incurred by either party until the time of acceptance.
Notwithstanding any negotiations, representations, or agreements made or
entered into prior or contemporaneously with this Agreement, any variance with
the terms of this Agreement, or any variance with the terms of any subsequent
agreement entered into by and between the parties, whether oral or written,
shall be effective only after acceptance of said terms as provided for in this Section 12.10.

 

12.11       Severability.  In the event that any term, condition, or provision of this Agreement is held
to be invalid by any court of competent jurisdiction, such holding shall not
invalidate or make unenforceable any other term, condition, or provision of
this Agreement. The remaining terms, conditions, and provisions shall be fully severable,
and shall be construed and enforced as if such invalid term, condition, or
provision had never been inserted in this Agreement initially.

 

12.12       Counterparts. This Agreement may
be executed in any number of counterparts with the same effect as if all
signing parties had signed the same document. All counterparts shall be
construed together and constitute the same instrument.

 

13

 

** Certain information in this exhibit has been omitted and will be filed
separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

IN WITNESS
WHEREOF, the authorized agents of the parties have executed this Agreement as
of the date listed above.

 

	
   

  	
  LICENSOR:

  
	
   

  	
   

  
	
   

  	
  Broin and Associates, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeff Broin

  	
   

  
	
   

  	
  Its:

  	
  CEO

  	
   

  
	
   

  	
   

  
	
   

  	
  LICENSEE:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GREAT PLAINS ETHANOL, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Darrin Ihnen

  	
   

  
	
   

  	
  Its:

  	
  Chairman

  	
   

  
									

 

14

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

EXHIBIT A

 

Listing of
Technology

 

	
  1.

  	
   

  	
  Process
  Diagrams

  
	
  2.

  	
   

  	
  Process
  information

  
	
  3.

  	
   

  	
  Material and
  energy balances

  
	
  4.

  	
   

  	
  Drawings

  
	
  5.

  	
   

  	
  Material and
  equipment specifications

  
	
  6.

  	
   

  	
  Process
  control system software configuration

  
	
  7.

  	
   

  	
  Isometric
  drawings

  
	
  8.

  	
   

  	
  Training
  manuals

  
	
  9.

  	
   

  	
  Operations
  manuals

  
	
  10.

  	
   

  	
  Operations
  video tapes

  
	
  11.

  	
   

  	
  Other items
  as may be disclosed from time to time by Licensor to Licensee. Such
  additional materials which should also be considered technology shall be
  determined solely by Licensor.

  

 

15

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

EXHIBIT B

 

 

Listing
of  Applications and Scheduled  Patents

 

None

 

16

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

GREAT PLAINS ETHANOL,
LLC

RAW STARCH TECHNOLOGY
AND PATENT RIGHTS

ADDENDUM TO
TECHNOLOGY AND

PATENT RIGHTS LICENSE
AGREEMENT

 

This Addendum
to Technology and Patent Rights License Agreement

 

(“Addendum”)
is made and entered into effective this 5th day of April, 2005, by and between
Broin and Associates, Inc., a South Dakota corporation, located at 2209
East 57th Street North, Sioux Falls, South Dakota 57104 (“Licensor”) and Great
Plains Ethanol, LLC, a South Dakota limited liability company, located at 27716
462nd Avenue, Chancellor, South Dakota 57015 (“Licensee”).

 

RECITALS:

 

A.                                Licensee
owns and operates a dry mill fuel ethanol plant near Chancellor, South Dakota,
for the production and marketing of fuel ethanol and ethanol co-products.

 

B.                                  Licensor
licenses to Licensee certain Technology and Patent Rights, pursuant to the
terms and conditions of a Technology and Patent Rights License Agreement dated April 5,
2005 (the “License Agreement”),

 

C.                                  Licensor
has developed certain New Technology, described by Licensor as the “Raw Starch
Technology and Patent Rights”.

 

D.                                 Licensor’s
Raw Starch Technology and Patent Rights are the subject of certain Patent
Rights described as follows:

 

Patent Application 20040234649. Filed: November 25,
2004

 

E.                                   Licensor
desires to license to Licensee, and Licensee desires to license from Licensor,
the Raw Starch Technology and Patent Rights (Exhibits A and B), pursuant to the
terms and conditions of this Addendum.

 

NOW,
THEREFORE, in consideration of the mutual promises and conditions set forth in
this Addendum, Licensor and Licensee hereby agree as follows:

 

1. Non-Exclusive
License. Licensor hereby grants to Licensee a revocable, non-exclusive,
indivisible and non-transferable right and license to use the Raw Starch
Technology and Patent Rights solely for the Permitted Purpose, subject to the
conditions set forth in the Agreement. The Raw Starch Technology and Patent
Rights are hereby made a part of the Technology Patent Rights and the subject
of the Licenses.

 

17

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

2.              Initial New Technology Fee.
Licensee shall pay to Licensor, immediately upon execution of this Agreement,
the                                 **                                            for
the Raw Starch Technology and Patent Rights (the “Initial License Fee”), as the
Initial New Technology Fee defined in Section 1.8 of the Agreement.

 

3.              Technology and Patent Rights
Fees. During the Management Term, Licensee shall continue to pay to
Licensor the Technology and Patent Rights Fee identified in the License
Agreement.

 

4.              Post-Management Term  License
Fees. Immediately upon the commencement of the Post-Management Term,
Licensee shall pay Licensor a licensing fee of                  **             .  The licensing fees described herein are
collectively known as the ‘Post-Management Term Fees,’ as identified in Section 1.25
of the Agreement. The               **      .

 

5.              Capitalized  Terms.
All capitalized terms contained in this Addendum shall have the meanings set
forth in this Addendum and/or in the License Agreement.

 

6.              License  Agreement.
All of the terms, conditions, provisions and covenants contained in the License
Agreement shall continue in full force and effect, and shall be binding upon
and inure to the benefit of the parties and their respective heirs, legal
representatives, successors, and to the extent permitted in the License
Agreement, the assigns of the parties.

 

IN WITNESS
WHEREOF, the parties have executed this Agreement as of the date listed above.

 

	
   

  	
  LICENSOR:

  
	
   

  	
   

  
	
   

  	
  Broin and Associates, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeff Broin

  	
   

  
	
   

  	
  Its:

  	
  CEO

  	
   

  
	
   

  	
   

  
	
   

  	
  LICENSEE:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Great Plains Ethanol, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Darrin Ihnen

  	
   

  
	
   

  	
  Its:

  	
  Chairman

  	
   

  
									

 

18

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

EXHIBIT A

 

Listing of  Raw Starch Technology

 

	
  1.

  	
   

  	
  Process Diagrams

  
	
  2.

  	
   

  	
  Process information

  
	
  3.

  	
   

  	
  Material and energy
  balances

  
	
  4.

  	
   

  	
  Drawings

  
	
  5.

  	
   

  	
  Material and equipment
  specifications

  
	
  6.

  	
   

  	
  Process control system
  software configuration

  
	
  7.

  	
   

  	
  Isometric drawings

  
	
  8

  	
   

  	
  Training manuals

  
	
  9.

  	
   

  	
  Operations manuals

  
	
  10.

  	
   

  	
  Operations video tapes

  
	
  11.

  	
   

  	
  Other items as may be
  disclosed from time to time by Licensor to Licensee. Such additional
  materials which should also be considered technology shall be determined
  solely by Licensor.

  

 

19

 

** Certain information in this exhibit has been omitted and will be
filed separately with the Securities and Exchange Commission pursuant to a
confidential treatment request.

 

EXHIBIT B

 

Listing of Raw Starch Applications

 

 

	
   

  	
  Patent Application 20040234649

  	
   

  	
  Filed: November 25, 2004

  	
   

  

 

20

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