Document:

Exhibit 10.2

 

DISTILLER’S GRAIN
MARKETING AGREEMENT

 

THIS DISTILLER’S
GRAIN MARKETING AGREEMENT (the “Agreement”), is entered into as of this 28th
day of November, 2005, by Dakota Ethanol LLC, a South Dakota limited liability
company (“Seller”), and Commodity Specialists Company, a Delaware Corporation (“Buyer”).

 

W I T N E S S E T
H:

 

WHEREAS, Seller
desires to sell and Buyer desires to purchase the Distiller’s Dried Grains with
Solubles (sometimes referred to as “Product(s)” or “DDGS”) output of the ethanol
production plant which Seller owns in Wentworth, South Dakota (the “Plant”);
and

 

WHEREAS, Seller
and Buyer wish to agree in advance of such sale and purchase to the price
formula, payment, delivery and other terms thereof as set forth herein;

 

NOW, THEREFORE, in
consideration of the promises and the mutual covenants and conditions herein
contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by both parties, it is hereby
agreed:

 

1.             BUYER
PERFORMANCE.  Buyer agrees to perform
the services that it provides for Seller in a professional and competent
manner.

 

2.             PURCHASE
AND SALE. Seller agrees to sell to Buyer and Buyer agrees to purchase from
Seller the entire bulk feed grade DDGS output from Seller’s plant at Wentworth,
South Dakota, subject to all terms and conditions set forth in this
Agreement.  Buyer shall label all product
that is sold by Buyer and shall register all labels with the states where the
DDGS is sold.

 

3.             TRADE
RULES.  All purchases and sales made
hereunder shall be governed by the Feed Trade Rules of the National Grain
and Feed Association unless otherwise specified.  Said Trade Rules, a copy of which is appended
hereto as Exhibit A, shall, to the extent applicable, be a part of this
Agreement as if fully set forth herein.

 

4.             TERM.

 

A.            The
initial term of this Agreement shall be for one (1) year commencing December 1,
2005 (the “Effective Date”).

 

B.            In
the event that during the first year of this Agreement Seller materially changes
the quality of the DDGS produced at the Plant through the application of new
technology and equipment, either Seller or Buyer shall have the right to
terminate this Agreement upon 120 days notice. Notwithstanding such
termination, Seller shall remain

 

 

liable to provide
DDGS to Buyer in sufficient quantities, either through the Plant or buying such
product, to honor any sales contract that Buyer may have to which Seller has
consented.

 

C.            This
Agreement shall automatically renew for an additional term of one (1) year
unless Seller or Buyer gives notice of non-renewal in writing to the other
party at least one hundred twenty (120) days prior to the end of the initial
term.  The aforementioned renewal
provision shall apply in the same manner for all subsequent expiring renewal
terms, and the Agreement shall be automatically renewed for subsequent one (1) year
terms unless written notice of nonrenewal is provided in the manner provided
above.

 

D.            After
the initial term, this Agreement may be terminated by either party at its
unqualified option by providing the other party hereto not less than 120 days
written notice of its election to terminate this Agreement.

 

E.             In
addition to its option to terminate as provided above, Seller shall have the
option to terminate this Agreement at anytime on thirty (30) days’ notice in
order to join a pooled marketing arrangement (the “Pooled Marketing Arrangement”)

 

5.             DELIVERY
AND TITLE.

 

A.            The
place of delivery for all the DDGS sold pursuant to this Agreement shall be FOB
Plant.  Buyer and Buyer’s agents shall be
given access to Seller’s Plant in a manner and at all times reasonably
necessary and convenient for Buyer to take delivery as provided herein.  Buyer shall schedule the loading and
shipping of all outbound DDGS purchased hereunder which is shipped by truck or
rail.  All labor and equipment necessary
to load trucks or rail cars shall be supplied by Seller without charge to
Buyer.  Seller agrees to handle the
Products in a good and workmanlike manner in accordance with Buyer’s reasonable
requirements and in accordance with normal industry practice.  Seller shall maintain the truck and rail
loading facilities in safe operating condition in accordance with normal
industry standards.

 

B.            Seller
further warrants that storage space for not less than not less than seven days
production of DDGS shall be reserved for Buyer’s use at the Plant and shall be
continuously available for storage of DDGS purchased by Buyer hereunder at no
charge to Buyer.  Seller shall be
responsible at all times for the quantity, quality and condition of any the
Products in storage at the Plant. Seller shall not be responsible for the
quantity, quality and condition of any of the Products stored by Buyer at
locations other than the Plant.

 

C.            Buyer
shall give to Seller a schedule of quantities of the Products to be
removed by truck and rail with sufficient advance notice reasonably to allow
Seller to provide the required services. 
Seller shall provide the labor, equipment and facilities necessary to
meet Buyer’s loading schedule and, except for any consequential or
indirect

 

2

 

damages, shall be
responsible for Buyer’s actual costs or damages resulting from Seller’s failure
to do so.  Buyer shall order and supply
trucks and rail cars as scheduled for truck and rail shipments.  All freight charges shall be the
responsibility of Buyer and shall be billed directly to Buyer.

 

D.            Buyer
shall provide loading orders as necessary to permit Seller to maintain Seller’s
usual production schedule, provided, however, that Buyer shall not be
responsible for failure to schedule removal of the Products unless Seller
shall have provided to Buyer production schedules as follows: Five (5) days
prior to the beginning of each calendar month during the term hereof, Seller
shall provide to Buyer a tentative schedule for production in the next
calendar month.  Seller shall inform
Buyer daily of inventory and production status. For purposes of this paragraph,
notification will be sufficient if made by e-mail or facsimile as follows:

 

If to Buyer, to
the attention of Steve Markham, Facsimile number 612-330-9894 or email to

smarkham@csc-world.com, and

 

If to Seller, to
the attention of Scott A. Mundt, Facsimile number 605-483-2681 or email to
smundt@dakotaethanol.com

 

or to such other
representatives of Buyer and Seller as they may designate to the other in
writing.

 

Title, risk of
loss and full shipping responsibility shall pass to Buyer upon loading the
Products into trucks or rail cars and delivering to Buyer of the bill of lading
for each such shipment.

 

6.             PRICE
AND PAYMENT.

 

A.            Buyer
agrees to pay Seller for all DDGS removed by Buyer from the Plant a price equal
to ninety eight (98%), with 2% to be retained by Buyer as its service fee,
provided, however, that Buyer’s service fee shall not be less $1.50 per ton nor
shall it exceed $2.00 per ton.  The
calculation on the minimum and maximum fee payable to CSC shall be made with
respect to each payment and will not be carried over to any subsequent
payments. By way of illustration, if the 2% to be retained by CSC for any given
week is less than $1.50 per ton, the fee to be retained by CSC shall then be
$1.50 per ton.  If in subsequent weeks the
2% is greater than $1.50 but less than $2.00, the fee shall be the 2%.  Conversely, if the 2% for any period exceeds
$2.00, the fee shall then be $2.00 per ton. If in subsequent weeks the 2% is
less than $2.00 but greater than $1.50, the fee shall be the 2%.  For purposes of this provision, the FOB Plant
price shall be the actual sale price, less all freight costs incurred by Buyer
in delivering the Product to its customer.

 

B.            Buyer
agrees that it shall not sell Product for delivery more than 90 days from the
date of entering into a sale without the consent of Seller.  Buyer agrees to use

 

3

 

commercially
reasonable efforts to achieve the highest resale price available under
prevailing market conditions. Seller’s sole and exclusive remedy for breach of
Buyer’s obligations under the preceding sentence shall be to terminate this
Agreement.  Buyer shall collect all
applicable state tonnage taxes on Products sold by Buyer and shall remit to the
appropriate governmental agency.

 

C.            Within
ten (10) days following receipt of certified weight certificates, which
certificates shall be presented to Buyer each Thursday for all DDGS shipments
during the preceding week, Buyer shall pay Seller the full price, determined
pursuant to paragraph 6A above, for all properly documented shipments.  Buyer agrees to maintain accurate sales
records and to provide such records to Seller upon request.  Seller shall have the option to audit Buyer’s
sales invoices at any time during normal business hours and during the term of
this Agreement.

 

7.             QUANTITY
AND WEIGHTS.

 

A.            It
is understood that the output of the Products shall be determined by Seller’s
production schedule and that no warranty or representation has been made
by Seller as to the exact quantities of Products to be sold pursuant to this
Agreement.

 

B.            The
quantity of Products delivered to Buyer from Seller’s Plant shall be
established by weight certificates obtained from scale at the Plant which is
certified as of the time of weighing and which complies with all applicable
laws, rules and regulations or in the event that the scale at the Plant is
inoperable then at other scales which are certified as of the time of weighing
and which comply with all applicable laws, rules and regulations. The
outbound weight certificates shall be determinative of the quantity of the
Products for which Buyer is obligated to pay pursuant to Section 5.

 

8.             QUALITY.

 

A.            Seller
understands that Buyer intends to sell the Products purchased from Seller as a
primary animal feed ingredient and that said Products are subject to minimum
quality standards for such use.  Seller
agrees and warrants that the Products produced at its plant and delivered to
Buyer will comply with current industry standards in the feed trade.

 

B.            Seller
warrants that all Products, unless the parties agree otherwise, sold to Buyer
hereunder shall, at the time of delivery to Buyer, conform to the following
minimum quality standard:

 

	
   

  	
   

  	
  Protein

  	
   

  	
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  Fiber

  	
   

  	
  Moisture

  	
   

  	
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  Min

  	
   

  	
  Max

  	
   

  	
  Min

  	
   

  	
  Max

  	
   

  	
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  Max

  	
   

  	
  Min

  	
   

  	
  Max

  	
   

  	
  Min

  	
   

  	
  Max

  	
   

  
	
  DDGS

  	
   

  	
  25

  	
   

  	
   

  	
   

  	
  10

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  15

  	
   

  	
   

  	
   

  	
  12

  	
   

  	
   

  	
   

  	
  6

  	
   

  

 

4

 

The standard for DDGS
will be determined on an “as is” basis rather than a dry weight basis. Minimum
quality standards for Solubles shall be agreed upon by the parties at a
subsequent date.

 

C.            Payment
of invoice does not waive Buyer’s rights if goods do not comply with terms or
specifications of this Agreement.  Unless
otherwise agreed between the parties to this Agreement, and in addition to
other remedies permitted by law, the Buyer may, without obligation to pay,
reject either before or after delivery, any of the Products which when
inspected or used fail in a material way to conform to this Agreement.  Should any of the Products be seized or
condemned by any federal or state department or agency for any reason except
noncompliance by Buyer with applicable federal or state requirements, such
seizure or condemnation shall operate as a rejection by Buyer of the goods
seized or condemned and Buyer shall not be obligated to offer any defense in
connection with the seizure or condemnation. When rejection occurs before or
after delivery, at its option, Buyer may:

 

(1)           Dispose
of the rejected goods after first offering Seller a reasonable opportunity of
examining and taking possession thereof, if the condition of the goods
reasonably appears to Buyer to permit such delay in making disposition; or

 

(2)           Dispose
of the rejected goods in any manner directed by Seller which Buyer can
accomplish without violation of applicable laws, rules, regulations or property
rights; or

 

(3)           If
Buyer has no available means of disposal of rejected goods and Seller fails to
direct Buyer to dispose of it as provided herein, Buyer may return the rejected
goods to Seller, upon which event Buyer’s obligations with respect to said
rejected goods shall be deemed fulfilled. 
Title and risk of loss shall pass to Seller promptly upon rejection by
Buyer.

 

(4)           Seller
shall reimburse Buyer for all costs reasonably incurred by Buyer in storing,
transporting, returning and disposing of the rejected goods. Buyer shall have
no obligation to pay Seller for rejected goods and may deduct reasonable costs
and expenses to be reimbursed by Seller from amounts otherwise owed by Buyer to
Seller.

 

(5)           If
Seller produces Products which comply with the warranty in Section C above
but which do not meet applicable industry standards, Buyer agrees to purchase
such Products for resale but makes no representation or warranty as to the
price at which such Product can be sold. 
If the Products deviates so severely from industry standard as to be
unsalable, then it shall be disposed of in the manner provided for rejected
goods in Section C above.

 

D.            If
Seller knows or reasonably suspects that any of the Products produced at

 

5

 

its Plant are
adulterated or misbranded, or outside of industry quality standards, Seller
shall promptly so notify Buyer so that such Product can be tested before
entering interstate commerce.  If Buyer
knows or reasonably suspects that any of the Products produced by Seller at its
Plant are adulterated, misbranded or outside of industry quality standards,
then Buyer may obtain independent laboratory tests of the affected goods. If
such goods are tested and found to comply with all warranties made by Seller
herein, then Buyer shall pay all testing costs; and if the goods are found not
to comply with such warranties, Seller will pay all testing costs.

 

9.             RETENTION
OF SAMPLES.  Seller will take an
origin sample of DDGS from each truck and rail car before it leaves the Plant
using standard sampling methodology. 
Seller will label these samples to indicate the date of shipment and the
truck or railcar number involved.  Seller
will also retain the samples and labeling information for no less than one
year.

 

10.           INSURANCE.

 

A.            Seller
warrants to Buyer that all employees engaged in the removal of the Products
from Seller’s Plant shall be covered as required by law by worker’s
compensation and unemployment compensation insurance.

 

B.            Seller
agrees to maintain throughout every term of this Agreement comprehensive
general liability insurance, including product liability coverage, with
combined single limits of not less than $2,000,000.  Seller’s policies of comprehensive general
liability insurance shall be endorsed to require at least thirty (30) days
advance notice to Buyer prior to the effective date of any decrease in or
cancellation of coverage.  Seller shall
cause Buyer to be named as an additional insured on Seller’s insurance policy
and shall provide a certificate of insurance to Buyer to establish the coverage
maintained by Seller not later than fourteen (14) days prior to completion and
start-up of production of the Plant.

 

C.            Buyer
agrees to carry such insurance on its vehicles operating on Seller’s property
as Seller reasonably deems appropriate. 
The parties acknowledge that Buyer may elect to self insure its
vehicles.  Upon request, Buyer shall
provide certificate of insurance to Seller to establish the coverage maintained
by Buyer.

 

D.            Notwithstanding
the foregoing, nothing herein shall be construed to constitute a waiver by
either party of claims, causes of action or other rights which either party may
have or hereafter acquire against the other for damage or injury to its agents,
employees, invitees, property, equipment or inventory, or third party claims
against the other for damage or injury to other persons or the property of
others.

 

11.           REPRESENTATIONS
AND WARRANTIES.

 

A.            Seller
represents and warrants that all of the Products delivered to Buyer

 

6

 

shall not be
adulterated or misbranded within the meaning of the Federal Food, Drug and
Cosmetic Act and may lawfully be introduced into interstate commerce pursuant
to the provisions of the Act.  Seller
further warrants that the Products shall fully comply with any applicable state
laws governing quality, naming and labeling of product.  Payment of invoice shall not constitute a
waiver by Buyer of Buyer’s rights as to goods which do not comply with this
Agreement or with applicable laws and regulations.

 

B.            Seller
represents and warrants that the Products delivered to Buyer shall be free and
clear of liens and encumbrances.

 

12.           EVENTS
OF DEFAULT.  The occurrence of any of
the following shall be an event of default under this Agreement: (1) failure
of either party to make payment to the other when due; (2) default by
either party in the performance of the covenants and agreements set forth in
this Agreement; (3) if either party shall become insolvent, or make a
general assignment for the benefit of creditors or to an agent authorized to
liquidate any substantial amount of its assets, or be adjudicated bankrupt, or
file a petition in bankruptcy, or apply to a court for the appointment of a
receiver for any of its assets or properties with or without consent, and such
receiver shall not be discharged within sixty (60) days following appointment.

 

13.           REMEDIES.  Upon the happening of an Event of Default,
the parties hereto shall have all remedies available under applicable law with
respect to a Event of Default by the other party.  Without limiting the foregoing, the parties
shall have the following remedies whether in addition to or as one of the
remedies otherwise available to them; (1) to declare all amounts owed
immediately due and payable; and (2) immediately to terminate this
Agreement effective upon receipt by the party in default of the notice of
termination, provided, however, the parties shall be allowed 10 days from the
date of receipt of notice of default for to cure any default. Notwithstanding
any other provision of this Agreement, Buyer may offset against amounts
otherwise owed to Seller the price of any product which fails to conform to any
requirements of this Agreement.

 

14.           FORCE
MAJEURE.  Neither Seller nor Buyer
will be liable to the other for any failure or delay in the performance of any
obligation under this Agreement due to events beyond its reasonable control,
including, but not limited to, fire, storm, flood, earthquake, explosion, act
of the public enemy, riots, civil disorders, sabotage, strikes, lockouts, labor
disputes, labor shortages, war stoppages or slowdowns initiated by labor,
transportation embargoes, failure or shortage of materials, acts of God, or
acts or regulations or priorities of the federal, state or local government or
branches or agencies thereof.

 

15.           INDEMNIFICATION.

 

A.            Seller
shall indemnify, defend and hold Buyer and its officers, directors, employees
and agents harmless, from any and all losses, liabilities, damages, expenses
(including reasonable attorneys’ fees), costs, claims, demands, that Buyer or
its officers, directors, employees or agents may suffer, sustain or become
subject to, or as a result of

 

7

 

(i) any
misrepresentation or breach of warranty, covenant or agreement of Seller
contained herein or (ii) the Seller’s negligence or willful misconduct.

 

B.            Buyer
shall indemnify, defend and hold Seller and its officer, directors, employees
and agents harmless, from any and all losses, liabilities, damages, expenses
(including reasonable attorneys’ fees), costs, claims, demands, that Seller or
its officers, directors, employees or agents may suffer, sustain or become
subject to, or as a result of (i) any misrepresentation or breach of
warranty, covenant or agreement of Buyer contained herein or (ii) the
Buyer’s negligence or willful misconduct.

 

C.            Where
such personal injury, death or loss of or damage to property is the result of
negligence on the part of both Seller and Buyer, each party’s duty of
indemnification shall be in proportion to the percentage of that party’s
negligence or faults.

 

D.            Seller
acknowledges that in order to maximize the total revenue to be generated through
the sale of the Products, Buyer may take positions by selling Product in
anticipation of Seller providing the Products. 
Notwithstanding the fact that Seller’s obligation is to provide Buyer
with the output of the Plant the parties acknowledge that Buyer may suffer
losses as a result of positions taken by Buyer if Seller discontinues
operations for any reason whatsoever including Force Majeure.  Therefore, Seller shall indemnify, defend and
hold Buyer and its officers, directors, employees and agents harmless from any
and all losses, liabilities, damages, expenses (including reasonable attorney’s
fees), costs, claims, demands that Buyer or its officers, directors, employees,
or agents may suffer, sustain or become subject to as a result of any sale or purchase
of product taken by Buyer in anticipation of Seller delivering the Products
hereunder, provided Buyer has taken commercially reasonable steps to avoid the
loss.  Seller shall not be liable for any
loss resulting from Seller discontinuing operations related to a position taken
by Buyer for delivery more than 90 days from the date of entering into a sale
without the consent of Seller .

 

16.           GOVERNMENTAL
ACTION.  The parties recognize that
the value of the Products could change as a result of various governmental
programs, be they foreign or domestic. 
In the event that a significant value change of the Products as a result
of any such governmental program, Buyer may request re-negotiation of the
contract price for the Products by providing written notice to Seller.  Buyer shall be required to demonstrate that
the value of the Products has significantly changed in the market.  Should such a change take place, the parties
agree to negotiate, in good faith, a revised sale price for the Products.  If, after a good faith effort, the parties
are unable to agree on a new price within the 90 day period immediately
following notice to the other party, then in such event and notwithstanding the
other provisions hereof, Buyer may terminate this Agreement upon 90 days prior
written notice.

 

17            CAR
LEASES.  Seller acknowledges that Buyer
has entered into railcars leases for the purpose of shipping DDGS produced at
the Plant, namely (i) the lease for 50

 

8

 

railcars between
Trinity Industries Leasing Company and Buyer dated October 13, 2005 and (ii) the
lease for 50 railcars between Chicago Freight Car Leasing Co. and Buyer dated October 19,
2005 (the “Leases”).  Seller agrees that
it shall fully reimburse Buyer for all payments made by Buyer under the terms
of the leases and shall indemnify Buyer from any and all liability under such
leases including the payment of rent or for damage to any of the cars.  Buyer does hereby assign the Leases to Seller
(and Seller does hereby assume liability therefor) which assignment shall take
effect upon the termination of this Agreement unless such termination is as a
result of it being terminated to permit Seller to participate in the Pooled
Marketing Arrangement in which case the responsibility with respect to the cars
shall be governed by the Pooled Marketing Agreement.

 

18.           RELATIONSHIP
OF PARTIES.  This Agreement creates
no relationship other than that of buyer and seller between the parties
hereto.  Specifically, there is no
agency, partnership, joint venture or other joint or mutual enterprise or
undertaking created hereby.  Nothing
contained in this Agreement authorizes one party to act for or on behalf of the
other and neither party is entitled to commissions from the other.

 

19.           MISCELLANEOUS.

 

A.            This
writing is intended by the parties as a final expression of their agreement and
a complete and exclusive statement of the terms thereof.

 

B.            No
course of prior dealings between the parties and no usage of trade, except
where expressly incorporated by reference, shall be relevant or admissible to
supplement, explain, or vary any of the terms of this Agreement.

 

C.            Acceptance
of, or acquiescence in, a course of performance rendered under this or any
prior agreement shall not be relevant or admissible to determine the meaning of
this Agreement even though the accepting or acquiescing party has knowledge of
the nature or the performance and an opportunity to make objection.

 

D.            No
representations, understandings or agreements have been made or relied upon in
the making of this Agreement other than as specifically set forth herein.

 

E.             This
Agreement can only be modified by a writing signed by all of the parties or
their duly authorized agents.

 

F.             The
paragraph headings herein are for reference purposes only and shall not in any
way affect the meaning or interpretation of this Agreement.

 

G.            This
Agreement shall be construed and performed in accordance with the laws of the
State of South Dakota.

 

H.            The
respective rights, obligations and liabilities of the parties under this
Agreement are not assignable or delegable without the prior written consent of
the other

 

9

 

party.

 

I.              Notice
shall be deemed to have been given to the party to whom it is addressed
ninety-six (96) hours after it is deposited in certified U.S. mail, postage
prepaid, return receipt requested, addressed as follows:

 

	
  Buyer:

  	
  Commodity
  Specialists Company

  
	
   

  	
  310 Grain
  Exchange Bldg.

  
	
   

  	
  400 South Fourth
  Street

  
	
   

  	
  Minneapolis,
  Minnesota 55415

  
	
   

  	
  ATTN: Steve J.
  Markham

  
	
   

  	
   

  
	
  Seller:

  	
  Dakota Ethanol
  LLC

  
	
   

  	
  P.O. Box
  100

  
	
   

  	
  Wentworth, SD
  57075

  
	
   

  	
  ATTN: Scott A.
  Mundt

  

 

IN WITNESS
THEREOF, the parties have caused this Agreement to be executed the day and year
first above written.

 

	
   

  	
  COMMODITY SPECIALISTS
  COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Phil Lindau, Jr.

  	
   

  
	
   

  	
  Title:
  Co-President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DAKOTA ETHANOL
  LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Brian Woldt

  	
   

  
	
   

  	
  Title: Chairman,
  Board of Managers

  
					

 

10Exhibit 10.3

 

ETHANOL FUEL MARKETING AGREEMENT

 

THIS AGREEMENT,
entered into this 30th day of November, 2005, by and between RENEWABLE PRODUCTS
MARKETING GROUP, L.L.C., a Minnesota limited liability company, hereinafter
referred to as “RENEWABLE PRODUCTS”; and DAKOTA ETHANOL, L.L.C., a South Dakota
limited liability company, hereinafter referred to as “DAKOTA ETHANOL.”

 

WITNESSETH:

 

WHEREAS, RENEWABLE
PRODUCTS is a limited liability company formed for the purpose of marketing
ethanol for its members and others; and

 

WHEREAS, DAKOTA
ETHANOL owns a plant in Wentworth, South Dakota engaged in the production of
fuel grade ethanol (the “Plant”); and

 

WHEREAS, the parties
desire to enter into this Agreement to provide for RENEWABLE PRODUCTS’
marketing of fuel grade ethanol produced by the Plant, under the terms stated
herein.

 

NOW, THEREFORE, in
consideration of the mutual covenants and promises herein contained, the
parties hereto agree as follows:

 

1.                                      Exclusive
Marketing Representative.   RENEWABLE
PRODUCTS shall be the sole marketing representative for all fuel grade ethanol
produced at the Plant during the term hereof subject to all the terms and
conditions of this Agreement.

 

2.                                      Plant
Capacity/Ethanol Specifications.  
The Plant has the capacity of producing approximately 45 - 50 million
gallons of fuel grade ethanol per year, which fuel grade ethanol is at least
199.50 proof (undenatured anhydrous), and conforms to the specifications
described in A.S.T.M. 4806 and such other specifications that may be, from time-to-time,
promulgated by the industry for E-Grade denatured fuel ethanol.  DAKOTA ETHANOL contemplates that the Plant
will be unencumbered to allow RENEWABLE PRODUCTS to begin marketing of the
Plant’s ethanol on January 1, 2006.

 

3.                                      Rail and Truck
Loading Facilities.  The Plant shall
include reasonable and convenient railcar and tank truck access at the Plant of
a size and design appropriate to handle production of approximately 45-50
million gallons of ethanol per year.  All
such railcar and tank truck loading facilities shall meeting all industry and
governmental safety standards and shall be capable of delivering a minimum of
500 gallons of product per minute to railcars and/or tank trucks.  DAKOTA ETHANOL will be solely responsible for
all demurrage charges for railcars incurred on the Plant site and for demurrage
charges on railcars unable to be delivered at the Plant due to insufficient
railcar siding capacity.  DAKOTA ETHANOL
shall provide personnel

 

 

reasonable needed to load trucks or rail cars at the Plant in a timely
manner.  Demurrage charged to trucks or
railcars resulting from operations beyond the control of DAKOTA ETHANOL and
incurred off-site will be charged as an expense to the pool, and will not be
charged directly to DAKOTA ETHANOL.

 

4.                                      Storage
Capacity.  The Plant shall have
sufficient storage capacity for not less than 7 days ethanol production.

 

5.                                      Best Efforts
to Market.  RENEWABLE PRODUCTS shall
market all fuel grade ethanol produced by the Plant; provided, however, that
RENEWABLE PRODUCTS’ obligation hereunder shall be excused in case of fire,
flood, other natural calamity, labor dispute or any adverse governmental
statute, regulations or decree (including any court order or decree).  RENEWABLE PRODUCTS shall use commercially
reasonable efforts to achieve the highest price available under prevailing
market conditions at the time of the sale.

 

6.                                      Risk of Loss.  RENEWABLE PRODUCTS shall bear the risk of
loss for all product to be marketed hereunder from the time the common carrier
accepts the product at the Plant in either a railcar and/or tank truck for
shipment by the common carrier.

 

7.                                      Specific
Marketing Tasks.  RENEWABLE PRODUCTS
shall be totally responsible for the marketing, sale and delivery of all the
production from the Plant during the term of this Agreement, such
responsibilities to include, but not limited to:

 

•                  Obtaining  sufficient railcar, tank trucks and other
transport as may be needed to handle said production;

•                  Negotiating
the rates and tariffs to be charged for delivery of such production to the
customer;

•                  Promoting
and advertising the sale of fuel grade ethanol as appropriate;

•                  Ascertaining
that such production is delivered where contracted and intended;

•                  Handling
all purchase agreements with consumers and any complaints in connection
therewith; and

•                  Collecting
all accounts and undertaking any legal collection procedures as may be
necessary.

 

8.                                      Negotiation of
Ethanol Price.  RENEWABLE PRODUCTS
will use all reasonable efforts to obtain the best price for all fuel grade
ethanol sold by it pursuant to the terms of this Agreement.

 

9.                                      Compensation;
Pooling; Membership; Group Buying; Audits.

 

(a)                                  DAKOTA ETHANOL will
pay RENEWABLE PRODUCTS $.01 (one cent) for each gallon of ethanol sold by
RENEWABLE PRODUCTS for the account of DAKOTA ETHANOL.  RENEWABLE PRODUCTS shall have the right to
deduct this fee from payments due DAKOTA ETHANOL as described in paragraph 10.

 

2

 

(b)                                 The members of
RENEWABLE PRODUCTS market their ethanol as a pool.  RENEWABLE PRODUCTS shall market the
production of the Plant as part of this pooling arrangement as if DAKOTA
ETHANOL were a member of RENEWABLE PRODUCTS, subject only to the commission
(operating expense) differential and voting rights members enjoy as set forth
in Exhibit A, the terms of which are
incorporated herein by this reference.

 

(c)                                  DAKOTA ETHANOL shall
be eligible to become a member/owner of RENEWABLE PRODUCTS pursuant to the
terms and conditions set forth in Exhibit A.

 

(d)                                 DAKOTA ETHANOL shall
be allowed to participate in the RENEWABLE PRODUCTS group buying program
commencing on January 1, 2006.

 

(e)                                  The parties hereto
agree that, upon request in writing, either party may require the other to make
available its books and records, at reasonable intervals, in order to audit
those books and records and to account for all dealings, transactions and sums
relevant to this Agreement.

 

10.                               Accounts Receivable;
Remittances.

 

(a)                                  It will be the
responsibility of RENEWABLE PRODUCTS to do all billing in regard to the sale of
ethanol, to collect all receivables and to be responsible for any uncollectible
accounts.  All risks associated with
accounts receivable shall be borne by RENEWABLE PRODUCTS.

 

(b)                                 RENEWABLE PRODUCTS
shall remit payment to DAKOTA ETHANOL for all product shipped hereunder within
10-12 calendar days following the date the shipment loaded on the railcar
and/or truck regardless of whether the shipment has been accepted by the common
carrier.

 

11.                               Rail Car Leases;
Assignment in Event of Termination of Contract.

 

(a)                                  RENEWABLE PRODUCTS
will lease railcars to be used by DAKOTA ETHANOL, the initial number of which
is 108 railcars as set forth on the lease agreements attached hereto as Exhibit B and incorporated herein by this referenced.  While DAKOTA ETHANOL is marketing its ethanol
product through RENEWABLE PRODUCTS pursuant to this Agreement, the cost of such
leases will be deemed an expense of the marketing pool, and shall not be
charged directly to DAKOTA ETHANOL.

 

(b)                                 If this Agreement is
terminated, by non-renewal or otherwise, the lease for the rail cars leased by
RENEWABLE PRODUCTS for the transport of the Plant’s ethanol will be assigned to
DAKOTA ETHANOL, who will be obligated to the terms and conditions of said
lease.  RENEWABLE PRODUCTS shall provide
DAKOTA ETHANOL the opportunity to review and approve of terms and conditions of
any such rail car lease before RENEWABLE PRODUCTS first executes the same.  The parties understand that the assignment of
the lease is subject to the approval of the lessor of the rail cars.

 

3

 

12.                               No “Take or Pay.”  The parties agree that this is not a “take or
pay contract” and that RENEWABLE PRODUCTS’ liability is limited to ethanol
passing custody at the Plant.

 

13.                               Term; Renewals.

 

(a)                                  The initial term of
this Agreement shall commence on January 1, 2006 and shall continue up to
and including March 31, 2007.

 

(b)                                 This Agreement shall
be automatically extended for an additional one (1) year term following
the end of the end of the initial term unless either party gives written notice
of nonextension not less than ninety (90) days before the end of the current
expiration date.  The aforementioned
renewal provision shall apply in the same manner for all subsequent expiring
terms, and the Agreement shall be automatically renewed for subsequent one (1) year
terms unless written notice of nonrenewal is provided in the manner provided
above.

 

14.                               Licenses and Permits.  At all times from the commencement of this
Agreement, DAKOTA ETHANOL will have all the licenses and permits necessary to
operate the Plant.

 

15.                               Estimated 12-Month
Volume.  As of the commencement of
this Agreement, DAKOTA ETHANOL will provide RENEWABLE PRODUCTS with DAKOTA
ETHANOL’s best estimate of its anticipated month-by-month ethanol production
for the next twelve (12) months, to assist RENEWABLE PRODUCTS in developing
appropriate marketing strategies for the ethanol to be produced by the Plant.

 

16.                               Updated Monthly
Volume Estimates.  On or before the
first day of each month, DAKOTA ETHANOL will provide RENEWABLE PRODUCTS with
its updated best estimate of the Plant’s anticipated month-by-month ethanol
production for the next twelve (12) months, so that RENEWABLE PRODUCTS will
have ethanol production estimates from DAKOTA ETHANOL twelve (12) months into
the future during the entire time that this Agreement is in effect.

 

17.                               Good and Marketable
Title.  DAKOTA ETHANOL represents
that it will have good and marketable title to all of the ethanol marketed for
it by RENEWABLE PRODUCTS and that said ethanol will be free and clear of all
liens and encumbrances.

 

18.                               Establishment of
Price and Other Sale Terms.  When
RENEWABLE PRODUCTS sells the ethanol marketed pursuant to the terms of this
Agreement to its customers, the parties understand and agree that the ethanol
sales prices and all other terms and conditions of ethanol sales to customers
under this Agreement will be established by RENEWABLE PRODUCTS.  RENEWABLE PRODUCTS may make these decisions,
without the need of obtaining consent from DAKOTA ETHANOL.  Notwithstanding the foregoing, RENEWABLE
PRODUCTS agrees to use its best efforts to promptly communicate with DAKOTA
ETHANOL the terms and conditions of ethanol sales.

 

19.                               Independent
Contractor.  Nothing contained in
this Agreement will make RENEWABLE PRODUCTS the agent of DAKOTA ETHANOL for any
purpose whatsoever.

 

4

 

RENEWABLE PRODUCTS and its employees shall be deemed to be independent
contractors, with full control over the manner and method of performance of the
services they will be providing on behalf of DAKOTA ETHANOL under this
Agreement.

 

20.                               Separate Entities.  The parties hereto are separate entities and
nothing in this Agreement or otherwise shall be construed to create any rights
and liabilities of either party to this Agreement with regard to any rights,
privileges, duties or liabilities of any other party to this Agreement.

 

21.                               Working Relationship.  Because the parties hereto have not done
business together in the past in the manner described in this Agreement, they
have not yet attempted to develop efficient and effective procedures related to
ordering, delivering ethanol and shipping ethanol and, therefore, agree to work
together promptly and in good faith to develop effective and efficient policies
and procedures to cover these matters.

 

22.                               Ethanol Shortage;
Open Market Purchase.  If DAKOTA
ETHANOL is unable to deliver its estimated monthly ethanol production (as
provided to RENEWABLE PRODUCTS pursuant to paragraph 15, as updated pursuant to
paragraph 16) and if as a consequence of the non-delivery and in order to meet
its sale obligation to third parties, RENEWABLE PRODUCTS may purchase ethanol
in the market place to meet its delivery obligations.  If RENEWABLE PRODUCTS incurs a financial loss
as a result of such purchases, DAKOTA ETHANOL will reimburse RENEWABLE PRODUCTS
for any such loss.  Under such circumstances,
if RENEWABLE PRODUCTS realizes a financial gain, it will pay such gain to
DAKOTA ETHANOL.

 

23.                               Testing of Samples.  At the request of RENEWABLE PRODUCTS, DAKOTA
ETHANOL agrees to provide RENEWABLE PRODUCTS with samples of its ethanol
produced at the Plant so that it may be tested for product quality on a regular
basis.

 

24.                               Insurance.  During the entire term of this Agreement,
DAKOTA ETHANOL will maintain insurance coverage that is standard for a company
of its type and size that is engaged in the production and selling of ethanol.  At a minimum, DAKOTA ETHANOL insurance
coverage must include:

 

a.                                       Comprehensive
general product and public liability insurance, naming RENEWABLE PRODUCTS as an
additional insured, with liability limits of at least $5 million in the
aggregate.

 

b.                                      Property
and casualty insurance adequately insuring its production facilities and its
other assets against theft, damage and destruction on a replacement cost basis.

 

c.                                       Workers’
compensation insurance to the extent required by law.

 

DAKOTA ETHANOL will not change its insurance
coverage during the term of this Agreement, except to increase it or enhance
it, without the prior written consent of RENEWABLE PRODUCTS.

 

5

 

25.                               Indemnification by
DAKOTA ETHANOL.  Except as otherwise
provided herein, DAKOTA ETHANOL shall indemnify, defend and hold harmless
RENEWABLE PRODUCTS, and its officers, directors, employees and agents from and
against all actions, causes of actions, claims, costs, expenses, damages and
liabilities, including reasonable attorneys’ fees, which RENEWABLE PRODUCTS may
incur with respect to or be required to pay to a third party as a result of a
breach by DAKOTA ETHANOL of any covenant, representation or warranty herein, or
any negligence, fraud or misrepresentation of DAKOTA ETHANOL, except to the
extent such losses or damages are caused by the negligence, fraud, willful
injury or willful violation of law by the RENEWABLE PRODUCTS, or its officers,
directors, employees and agents or by the reckless disregard of its duties
hereunder by any such person.

 

26.                               Indemnification by
RENEWABLE PRODUCTS.  Except as
otherwise provided herein, RENEWABLE PRODUCTS shall indemnify, defend and hold
harmless DAKOTA ETHANOL, and its officers, directors, employees and agents from
and against all actions, causes of actions, claims, costs, expenses, damages
and liabilities, including reasonable attorneys’ fees, which DAKOTA ETHANOL may
incur with respect to or be required to pay to a third party as a result of a
breach by RENEWABLE PRODUCTS of any covenant, representation or warranty
herein, or any negligence, fraud or misrepresentation of RENEWABLE PRODUCTS,
except to the extent such losses or damages are caused by the negligence,
fraud, willful injury or willful violation of law by the DAKOTA ETHANOL, or its
officers, directors, employees and agents or by the reckless disregard of its
duties hereunder by any such person.

 

27.                               Survival of Terms;
Dispute Resolution.

 

(a)                                  All representations,
warranties and covenants made in connection with this Agreement will survive
the termination of this Agreement.  The
parties will, therefore, be able to pursue claims related to those
representations, warranties and agreements after the termination of this
Agreement, unless those claims are barred by the applicable statute of
limitations.  Similarly, any claims that
the parties have against each other that arise out of actions or omissions that
take place while this Agreement is in effect will survive the termination of
this Agreement.  This means that the
parties may pursue those claims even after the termination of this Agreement,
unless applicable statutes of limitation bar those claims.

 

(b)                                 The parties agree
that, should a dispute between them arise in connection with this Agreement,
the parties will complete, in good faith, a mediation session prior to the
filing of any action in any court.  Such
mediation session shall occur at a place that is mutually agreeable, and shall
be conducted by a mediator to be selected by mutual agreement of the parties.

 

28.                               Choice of Law; Venue.  The parties agree that this Agreement will be
governed by, interpreted under and enforced in accordance with South Dakota
law.

 

29.                               Assignment.  Neither party may assign its rights or
obligations under this Agreement without the written consent of the other party,
which consent will not be unreasonably withheld.

 

6

 

30.                               Entire Agreement.  This Agreement constitutes the entire
agreement between the parties covering everything agreed upon or understood in
the transaction.  There are no oral
promises, conditions, representations, understandings, interpretations, or
terms of any kind as conditions or uncomments to the execution thereof or in
effect between Buyer and Seller, except as expressed in this Agreement.  No change or addition shall be made to this
Agreement except by a written document signed by all parties hereto.

 

31.                               Execution of
Counterparts.  This Agreement may be
executed by the parties on any number of separate counterparts, and by each
party on separate counterparts, each of such counterparts being deemed by the
parties to be an original instrument; and all of such counterparts, taken
together, shall be deemed to constitute one and the same instrument.

 

32.                               Duplicate Counterpart
Includes Facsimile.  The parties
specifically agree and acknowledge that a duplicate original hereof shall
include, but not be limited to, a counterpart produced by virtue of a facsimile
(“fax”) machine.

 

33.                               Binding Effect.  This Agreement shall be binding upon, and
shall inure to the benefit of, the parties hereto and there respective heirs,
personal representative, successors and assigns.

 

34.                               Notices.  Any notice or other communication required or
permitted hereunder shall be in writing and shall be considered delivered in
any respects when it has been delivered by hand or mailed by first class mail
postage prepaid, addressed as follows:

 

TO:         Renewable
Products Marketing Group, L.L.C.

809 East Main Street, Suite 2

 

Belle Plaine, MN 56011

Facsimile:  952-873-2427

Attn: 
Steve Bleyl, CEO

 

TO:         DAKOTA
ETHANOL

P.O. Box 100

Wentworth, SD 57075

Facsimile:  605-483-2681Attn:  Scott Mundt, General Manager

 

[The rest
of the page intentionally left blank]

 

7

 

IN WITNESS WHEREOF, the
parties hereto have set their hands the day and year first written above.

 

	
   

  	
  RENEWABLE PRODUCTS MARKETING

  
	
   

  	
  GROUP, L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By :

  	
  Steve Bleyl

  	
   

  
	
   

  	
  Its CEO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DAKOTA ETHANOL,
  L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By :

  	
  Brian Woldt

  	
   

  
	
   

  	
  Its Chairman
  Board of Managers

  
					

 

8

 

EXHIBIT A

 

TERMS AND CONDITIONS OF
OWNERSHIP IN RENEWABLE PRODUCTS

 

While DAKOTA ETHANOL may request to become an
owner in RENEWABLE PRODUCTS at any time during the term of the Ethanol Fuel
Marketing Agreement between DAKOTA ETHANOL and RENEWABLE PRODUCTS, DAKOTA
ETHANOL shall not be eligible for ownership in RENEWABLE PRODUCTS until the
last day of the 12th month of the initial term of this Agreement.  The ownership of DAKOTA ETHANOL in RENEWABLE
PRODUCTS shall be subject to the approval of each then-current owner in
RENEWABLE PRODUCTS.

 

If DAKOTA ETHANOL is accepted as an owner,
DAKOTA ETHANOL shall be bound by all of the terms and conditions of the
operating agreement of RENEWABLE PRODUCTS to the extent such terms and conditions
do not contradict the following terms and conditions of ownership as have been
specifically negotiated between DAKOTA ETHANOL and RENEWABLE PRODUCTS as of the
date of this Agreement:

 

(1)                                  Upon
acceptance of DAKOTA ETHANOL as an owner in of RENEWABLE PRODUCTS, DAKOTA
ETHANOL shall make a capital contribution to RENEWABLE PRODUCTS consisting of
the following three payments:

 

(a)                                  a
lump sum payment of $105,000 shall be contributed to RENEWABLE PRODUCTS by
DAKOTA ETHANOL immediately upon DAKOTA ETHANOL’s becoming an owner in RENEWABLE
PRODUCTS; and

 

(b)                                 a
payment of $500,000 shall be contributed to RENEWABLE PRODUCTS by DAKOTA
ETHANOL, which shall be contributed by one of the following three (3) methods:

 

(i)                                     as
a lump payment due on the date DAKOTA ETHANOL becomes an owner of RENEWABLE
PRODUCTS;

 

(ii)                                  as
a monthly offset against the aggregate pooling fee payable by DAKOTA ETHANOL to
RENEWABLE PRODUCTS under this Agreement; or

 

(iii)                               as
any combination of both (i) and (ii) subject to the approval of RENEWABLE
PRODUCTS.

 

(c)                                  a
capital contribution equal to the amount of any additional equity put into
RENEWABLE PRODUCTS by the current owners at the time of joining.

 

(2)                                  If
DAKOTA ETHANOL elects to contribute the $500,000 as a monthly offset pursuant
to subparagraph 1(b)(ii) above, the monthly offset shall be calculated as
follows:

 

9

 

(a)                                  The
parties shall determine the total gallons of ethanol produced by DAKOTA ETHANOL
for the current month within 10 business days of the close of such month;

 

(b)                                 The parties shall then
determine the difference between:

 

(i)                                     the
per gallon pooling fee payable under Section 9 of the Agreement ($0.01);
and

 

(iii)          the
per gallon operating expenses of RENEWABLE PRODUCTS’ measured by the expenses
incurred for the month in which production is being measured, which shall be
determined within 10 business days of the close of such month;

 

(c)                                  The
parties shall multiply the total monthly production of DAKOTA ETHANOL times the
amount determined in subparagraph 2(b) above.

 

(d)                                 The
calculation set forth in this subparagraph (2) can be illustrated by the
following example:

 

	
  Total Monthly Ethanol Production

  	
   

  	
  4,000,000

  	
   gallons

  
	
   

  	
   

  	
   

  	
   

  
	
  Pooling Fee

  	
   

  	
  $

  	
  0.01

  	
   per
  gallon

  
	
   

  	
   

  	
   

  	
   

  
	
  Operating Expenses

  	
   

  	
  $

  	
  0.0025

  	
   per
  gallon

  
	
   

  	
   

  	
   

  	
   

  
	
  Difference to be multiplied times

  Monthly Production Amount

  	
   

  	
  $

  	
  0.0075

  	
   per
  gallon

  
	
   

  	
   

  	
   

  	
   

  
	
  Offset Amount (4,000,000 x $0.0075)

  	
   

  	
  $

  	
  30,000

  	
   

  

 

(3)                                  The
monthly offset shall be applied toward the $500,000 capital contribution amount
and shall reduce the outstanding balance payable of same.

 

(4)                                  DAKOTA
ETHANOL shall be eligible, at any time, to make lump sum payments of any amount
to reduce the outstanding balance of its capital contribution.

 

[The rest
of the page intentionally left blank]

 

10

 

EXHIBIT B

 

RIDER NINE (9) TO RAILROAD
CAR LEASE AGREEMENT

 

Effective this 1st day of August,
2005, this Rider shall became a part of the Railroad Car Lease Agreement
between Trinity Industries Leasing Company, Lessor, and Renewable Products
Marketing Group, LLC, Lessee, dated April 25, 2001 and the cars described
herein shall be leased to Lessee, subject to the terms and conditions in said
Railroad Car Lease Agreement, during the term and for the rental shown below:

 

	
   

  	
   

  	
   

  	
   

  	
  Approximate

  	
   

  	
  Base

  	
   

  
	
  Number

  	
   

  	
   

  	
   

  	
  Capacity

  	
   

  	
  Monthly

  	
   

  
	
  of

  	
   

  	
   

  	
   

  	
  (gallonage or

  	
   

  	
  Rental

  	
   

  
	
  Cars

  	
   

  	
  Type and Description

  	
   

  	
  cubic feet)

  	
   

  	
  (Per Car)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  108

  	
   

  	
  DOT 111A100W1 non-coiled and non-insulated
  tank cars 

  	
   

  	
  30,145

  	
   

  	
  $

  	
  570.00

  	
   

  
	
   

  	
   

  	
  TILX 191517 through and including TILX
  191539, and

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TILX 192363 through and including TILX
  192412, and

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TILX 192450 through and including TILX
  192469, and

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TILX 192500 through and including TILX
  192504.

  	
   

  	
   

  	
   

  	
   

  	
   

  
									

 

Delivery -  Notwithstanding Article 2, Lessor shall
deliver each car to Lessee freight charges prepaid, in the yard or the
delivering line at Lessee’s facility located at Wentworth, South Dakota.

 

Weight Limitations -
Lessee shall not exceed the weight limitations prescribed for operation of cars
in unrestricted interchange service as set forth under AAR Interchange Rule 91
without Lessor’s prior written consent.

 

Escalation of Monthly Rental Charge:

 

1.                                       Modifications
- in accordance with Article 19 of Railroad Car Lease Agreement, any
change in car design required by the AAR, DOT, FRA or other governmental
authority during the term of this lease will cause the monthly car rental to
increase for each car on the month following its modification as follows:

 

A.           For modification with a
useful life equal to the car itself, car rental will increase by a monthly rate
of $1.75 per car for each $100 of Lessor’s cost incurred in the course of
making modification.

 

B.             For modification with
a useful life less than that of the car, monthly car rental increase will equal
cost of modification including the implicit cost of money at 10% per annum,
divided by the number of months of estimated remaining life of the
modification.

 

2.                                       High
Mileage - in accordance with Article 20, in the event that a car travels
more than 35,000 miles (empty and loaded) in any calendar year, the Lessee
shall pay the Lessor $0.03 per mile for each mile over 35,000 traveled by such
car.

 

The minimum rental period
for the cars leased hereunder shall be one hundred twenty (120) months, and the
cars shall continue under lease thereafter for successive one (1) month
terms, at the same rate and under the same conditions, unless notice, in
writing, requesting cancellation shall be given by either party to the other at
least thirty (30) days prior to expiration of the initial term or any
successive term for cars covered by this Rider. 
Thereafter, this Rider shall terminate automatically upon the date of
release of the last car covered by this Rider.

 

TRINITY INDUSTIRES LEADING COMPANY

 

	
  By:

  	
  /s/ Thomas Jardin

  	
   

  
	
  Vice President

  
	
   

  
	
  RENEWABLE PRODUCTS MARKETING GROUP, LLC

  
	
   

  
	
  By:

  	
  /s/Todd Krugel

  	
   

  
	
  Title:
  Ethanol Marketing Mgr.

  
				

 

11

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