Document:

exv10w1

 

Exhibit 10.1

DISTILLER’S GRAINS MARKETING AGREEMENT

     THIS DISTILLER’S GRAINS AGREEMENT (this “Agreement”), made and entered into this
9th day of August, 2004, by and among Amaizing Energy, LLC, an Iowa limited liability
company (“AE”), and United Bio Energy Ingredients, LLC, a Kansas limited liability company (“UBE”).

WITNESSETH:

     WHEREAS, AE desires to sell and UBE desires to buy all the dried distiller’s grains (“DDG”)
and wet distiller’s grains (“WDG”) (collectively the “Distiller’s Grains”) produced at AE’s ethanol
plant located at Denison, Iowa (the “Plant”);

     WHEREAS, the parties desire to purchase and sell such assets, and receive and provide such
services, in accordance with the fees, price formula, payment, delivery and other terms set forth
in this Agreement.

     NOW, THEREFORE, in consideration of the foregoing premises 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. COMMITMENT AND TERM. Subject to the terms of this Agreement, AE hereby agrees to
sell, and UBE hereby agrees to purchase, all Distiller’s Grains produced at the Plant. The initial
term of this Agreement shall be for two (2) years, commencing on the date that the Plant begins
operations to produce ethanol. The parties shall execute a memorandum setting forth the actual
date of commencement of the term. This Agreement shall be automatically renewed for successive one
(1) year terms thereafter unless either party gives written notice to the other party of its
election not to renew, not later than ninety (90) days prior to the expiration of the initial term
of the then current renewal term, as the case may be.

     2. PRICE AND PAYMENT.

     A. PRICE.

     1. DDG. UBE agrees to pay AE for all Dry Distiller’s Grains removed by UBE
from the Plant a price equal to *** of the F.O.B. Plant price charged by UBE to its
customers.

     2. WDG. UBE agrees to pay AE for all Wet Distiller’s Grains removed by UBE from
the Plant a price equal to *** of the F.O.B. Plant Price charged by UBE to its customers.

For purposes of this provision, the F.O.B. Plant price shall be the actual sales price, less all
costs incurred by UBE in delivering the Distiller’s Grains to its customers, whether incurred prior
to or during the term of this Agreement.

 

			
	*	 	Portions omitted pursuant to a request for confidential
treatment and filed separately with the SEC.

 

 

          B. PAYMENT. On a daily basis, Weekends and Holidays excluded, AE shall provide UBE
with certified weight certificates for the previous day’s shipments of Distiller’s Grains. UBE
shall pay AE the F.O.B. Plant Price defined in paragraph 2.A. above, for all shipments in each one
week shipment period (Sunday through Saturday) is received on or before the second following Friday
of such one week shipment period. UBE agrees to maintain accurate sales records and to provide
such records to AE upon request. AE shall have the right to audit UBE’s sales invoices at any time
during normal business hours at the corporate office of UBE.

          C. BEST EFFORTS. UBE agrees to use its best efforts to achieve the highest resale
price of Distiller’s rains available under prevailing market conditions as judged by UBE. AE’s
sole and exclusive remedy for breach of UBE’s obligations hereunder shall be to terminate this
Agreement.

          D. COLLECTION. UBE shall be responsible for all customer billing and account
servicing, including, but not limited to, the collection of amounts owed UBE by its customers,
shall bear all costs associated with such billing and collection activities, and shall assume all
losses due to failure of its customers to pay their account.

          E. FUTURE SALES BY UBE. UBE shall not contract for the sale of Distiller’s Grains, to
its customers, more than one hundred eighty (180) day sin advance, unless AE explicitly approves
the price and terms of any such contract and provides notice of such approval of UBE. UBE will
advise AE weekly and update AE monthly on all outstanding contractual obligations, and the terms
thereof.

          F. ON-SITE MERCHANDISER. In order to assist in the development of the Plant’s
capabilities or the sale of Distiller’s Grains, UBE will place an employee of UBE at the Plant
during the term of this Agreement.

     3. FEES AND EXPENSES. Unless otherwise specifically provided for herein, and to the
extent not already included in the price of the Distiller’s Grains, AE shall be responsible for any
and all fees and expenses, including but not limited to fees assessed by any State or other
regulatory agency, incurred or assessed on any Distiller’s Grains, whether for licensing, dues,
branding, packaging, inspecting, or otherwise. AE shall, as a result of its responsibility for
such expenses, retain all rights to any name, branding, and packing of the Distiller’s Grains upon
termination of this Agreement.

     4. DELIVERY AND TITLE

          A. PLACE. The place of delivery for all Distiller’s Grains purchased by UBE pursuant
to this Agreement shall be F.O.B. Plant. UBE and its agents shall be given access to the Plant in
a manner and at all times reasonably necessary and convenient for UBE to take delivery as provided
herein. UBE shall schedule the loading and shipping of all Distiller’s Grains purchased hereunder,
whether shipped by truck or rail. All labor and equipment necessary to load or unload trucks or
rail cars shall be supplied by AE without charge to UBE. The parties agree to handle the
Distiller’s Grains in a good and workmanlike manner in

 

 

accordance with the other’s reasonable requirements and in accordance with normal industry
practice. AE shall maintain the truck/rail loading facilities in safe operating condition in
accordance with normal industry standards.

     B. STORAGE. AE shall provide storage space for not les than 10 (10) full days
combined production of WDG and DDG, based on normal operating capacity.

     C. REMOVAL. UBE warrants and agrees to use its best efforts to remove Distiller’s
Grains before the aforementioned storage limits are exceeded or, if later, three (3) days after
notice from AE that the Plant’s operations are adversely affected by such storage. AE shall be
responsible at all times for the quantity, quality and condition of any Distiller’s Grains in
storage at the Plant.

     D. LOADING AND UNLOADING SCHEDULE. UBE shall give to AE a schedule of quantities of
Distiller’s Grains to be removed by truck and rail respectively with sufficient advance notice
reasonably to allow AE to provide the required services. AE shall provide the labor, equipment and
facilities necessary to meet UBE’s loading schedule and AE shall be responsible for UBE’s actual
costs or damages resulting from AE’s failure to do so. UBE shall order and supply trucks as
scheduled for truck shipments. All freight charges shall be the responsibility of UBE and shall be
billed directly to UBE. Demurrage charges will be for the account of UBE if UBE fails to provide
railcars in accordance with the production schedule provided to AE. Demurrage charges will be for
the account of AE if AE fails to load railcars in accordance with said schedule.

     E. PRODUCTION SCHEDULE.

          1. UBE shall provide loading orders as necessary to permit AE to maintain its usual production schedule, provided, however, that UBE shall not be responsible for failure to schedule removal of Distiller’s Grains unless AE shall have provided to UBE production schedules as follows: At least five (5) days prior to the beginning of each calendar month during the term hereof, AE shall provide to UBE a tentative schedule for production in the next calendar month. On Wednesday of each week
during the term of this Agreement, AE shall provide to UBE a schedule for actual production for the following production week (Monday though Sunday). AE shall inform UBE daily of inventory and production status by 8:30 a.m. CDT.

          2. NOTICE. For purpose of this paragraph, notification will be sufficient if made by
facsimile as follows:

     If to UBE for Distiller’s Grains, to the attention of Randy Ives, Facsimile number
316-796-0944, Email address: randy.ives@unitedbioenergy.com and

If to AE, the attention of                     , Facsimile number                     .

 

 

Or to such other representatives of UBE and AE as they may designate to the other in
writing.

          F. TITLE. Title and risk of loss shall pass to UBE at the point in time when loading
the Distiller’s Grains into trucks or rail cars has been completed and delivery to UBE of the bill
of lading for each such shipment.

          G. RAIL CAR LEASES. UBE shall be responsible for estimating the number of rail car
leases required to handle the transportation of the Distiller’s Grains and for negotiating the
terms of and executing such rail car leases, which shall be place in UBE’s name. AE shall
reimburse UBE for any reasonable expenses incurred by UBE associated with such rail car leases,
whether incurred prior to or during the term of this Agreement, to the extent such expenses are not
already accounted for in the price of the Ethanol.

          H. RAIL CONTRACTS. UBE shall negotiate, in consultation with AE, the terms of rail
contracts and rates on behalf of AE and AE shall approve and execute each such contract, which
shall be placed in the sole name of AE.

     5. QUANTITY AND WEIGHTS.

          A. PRODUCTION AMOUNT. It is understood that total production amount of Distiller’s
Grains shall be determined by AE’s production schedule and that no warranty or representation has
been made by AE as to the exact quantities or timing of Distiller’s Grains to be produced pursuant
to this Agreement.

          B. ESTIMATE. The estimated production of Distiller’s Grains at the Plant by AE, to be
sold to UBE, is approximately eleven thousand (11,000) tons of Distiller’s Grains per month on a
dry matter basis, and AE shall use its best efforts to produce such amount of Distiller’s Grains.

          C. SCALES. The quantity of Distiller’s Grains delivered to UBE from the Plant shall
be established by weight certificates, obtained from scales which are certified as of the time of
loading and which comply with all applicable laws, rules and regulations. In the case of rail
shipments, the first official railroad weights will govern establishment of said quantities. These
outbound weight certificates shall be determinative of the quantity of the Distiller’s Grains for
which UBE is obligated to pay pursuant to paragraph 2 above.

          D. RAIL CARS. All rail cars for Distiller’s Grains shall be grain hopper cars. AE
agrees that such cars for Distiller’s Grains shall be loaded to full visible capacity at the Plant.
If not loaded to full visible capacity, AE shall pay in full the portion of freight charges
allocable to the unused capacity of the car. It is agreed and understood that all railcars, when
not loaded to full visible capacity, shall be defined as having a light weight.

     6. QUALITY.

 

 

     A. STANDARDS. AE understands that UBE intends to sell the Distiller’s Grains
purchased from AE as a primary animal feed ingredient and that the same are subject to minimum
quality standards for such use and each shall be of merchantable quality. AE warrants that the
Distiller’s Grains produced by the Plant and delivered to UBE shall be acceptable under current
industry standards in the feed trade industry and that at the time of delivery, the Distiller’s
Grains shall conform to the minimum quality standards outlined in Exhibit A attached
hereto, as may be amended from time to time.

     B. COMPLIANCE. AE represents and warrants that at the time of loading, the
Distiller’s Grains will not be adulterated or misbranded within the meaning of the Federal Food,
Drug and Cosmetic Act and that each shipment may lawfully be introduced into interstate commerce
under said Act. Payment of invoices does not waive UBE’s rights if the Distiller’s Grains 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, UBE may, without obligation
to pay, reject either before or after delivery, any of the Distiller’s Grains, which, when
inspected or used are found by UBE to fail in a material way to conform to this Agreement. Should
any of the Distiller’s Grains be seized or condemned by any federal or state department or agency
for any reason, except noncompliance by UBE with applicable federal or state requirements, such
seizure or condemnation shall operate as a rejection by UBE of the Distiller’s Grain seized or
condemned and UBE shall not be obligated to offer any defense in connection with the seizure or
condemnation. However, UBE agrees to cooperate with AE in connection with the defense of any
quality or other product claims, or any claims involving governmental seizure or condemnation.
When rejection occurs before or after delivery, at its option, UBE may:

          (1) Dispose of the rejected Distiller’s Grains after first offering AE a reasonable
opportunity of examining and taking possession thereof, if the condition of the Distiller’s Grains
reasonable appears to UBE to permit such delay in making disposition;

          (2) Dispose of the rejected Distiller’s Grains in any manner directed by AE which UBE can
accomplish without violation of applicable laws, rules, regulations or property rights;

          (3) If any of the Distiller’s Gains are seized or condemned by any federal or state
department or agency or if UBE has no available means of disposal of rejected Distiller’s Grains
and AE fails to direct UBE to dispose of the same as provided herein, UBE’s obligations with
respect to said seized, condemned or rejected Distiller’s Grains shall be deemed fulfilled. Title
and risk of loss shall pass to AE promptly upon such seizure or condemnation or rejection by UBE.

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

 

 

          C. NON-STANDARD PRODUCTS. If AE produces Distiller’s Grains which comply with the
warranties in this paragraph, but which do not meet applicable industry standards, UBE agrees to
purchase such Distiller’s Grains for resale but makes no representation or warranty as to the price
at which such Distiller’s Grains can be sold. If the Distiller’s Grains deviate so severely from
industry standards as to be unmarketable in UBE’s reasonable judgment, then it shall be disposed of
in the manner provided for rejected Distiller’s Grains in this paragraph.

          D. PRODUCT TESTING. If AE knows or reasonably suspects that any Distiller’s Grains
produced by the Plant are adulterated or misbranded, or, are outside of minimum quality standards
set forth in Exhibit A, AE shall promptly so notify UBE so that such Distiller’s Grains can
be tested before entering interstate commerce. If UBE knows or reasonably suspects that any
Distiller’s Grains produced by the Plant are adulterated or misbranded, or, are outside or minimum
quality standards set forth in Exhibit A, then UBE may obtain independent laboratory tests
of the affected Distiller’s Grains. If such Distiller’s Grains are testing costs and if the
Distiller’s Grains are found not to comply with such warranties, AE shall pay all testing costs.

          E. CHANGES IN STANDARDS. The quality standards in Exhibit A are subject to
change as may be mutually agreed in writing by and between the parties, provided, however, that
such changes shall be in conformance with generally acceptable industry standards.

     7. RETENTION OF SAMPLES.

          A. SAMPLING. AE will take an origin sample of the Distiller’s Grains from each truck
or rail care before each shipment leaves the Plant, using industry standard sampling methodology.
AE will label these samples to indicate the date of shipment that the truck, rail car, or pickup
number involved. AE shall also retain the samples and labeling information for no less than six
(6) months for DDG samples and no less than fourteen (14) days for WDG.

          B. ANALYSIS. For the first year of operation of ethanol production at the Plant, AE
shall, on a weekly basis, burnish UBE with a composite analysis on all Distiller’s Grains produced
at the Plant. Thereafter, at a minimum, a composite analysis on all Distiller’s Grains produced at
the Plant shall be sent once a month to UBE. It is understood that said analysis is a composite
and may or may not be indicative of the current analysis.

     8. INSURANCE.

          A. POLICIES. AE warrants to UBE that all AE’s employees shall be covered as required
by law by worker’s compensation and unemployment compensation insurance, and such worker’s
compensation insurance shall provide a waiver of subrogation on behalf of UBE.

          B. COVERAGES. During the term of this Agreement, AE shall purchase and maintain
insurance upon the Plant in such amounts as it may reasonably determine. UBE

 

 

shall be named as an additional insured on all such policies. All such policies shall contain
provisions to the effect that in the event of payment of any loss or damage the insurers will have
no rights of recovery against any of the insureds or additional insureds thereunder. AE waives all
rights against UBE and its employees an agents for all losses and damages caused by, arising out of
or resulting from any of the perils or causes of loss covered by such policies and any other
property insurance applicable to the Plant.

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

          D. CONSEQUENTIAL DAMAGES. EACH PARTY TO THIS AGREEMENT UNDERSTANDS THAT NO OTHER
PARTY MAKES ANY GUARANTEE, EXPRESS OR IMPLIED, TO ANY OTHER OF PROFIT, OR OF ANY PARTICULAR
ECONOMIC RESULTS FROM TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. IN NO EVENT SHALL ANY PARTY BE
LIABLE FOR SPECIAL, COLLATERAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES FOR ANY ACCT OR OMISSION
COMING WITHIN THE SCOPE OF THIS AGREEMENT, OR FOR BREACH OF ANY OF THE PROVISIONS OF THIS
AGREEMENT, EVEN IF IT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, SUCH EXCLUDED DAMAGES
INCLUDE, BUT ARE NOT LIMITED TO, LOSS OF GOOD WILL, LOSS OF PROFITS, LOSS OF USE, AND INTERRUPTION
OF BUSINESS.

          E. OTHER CLAIMS. Except as provided in paragraph 8.D above, nothing herein shall be
construed as a waiver by either party against the other party of claims, causes of action or other
rights within either party may have or hereafter acquire against the other party for damage or
injury to its agents, employees, invitees, property, equipment or inventory, or third party claims
against the other party for damage or injury to other persons or the property of others.

     9. REPRESENTATIONS AND WARRANTIES.

          A. Each party represents and warrants that it is an entity in good standing under the laws
that it is organized and has all the requisite power and authority to carry on its business as its
has been and to own, lease, and operate the properties and assets used in connection therewith.

          B. In addition to the representations and warranties herein regarding the quality of
Distiller’s Grains, AE represents and warrants that the Distiller’s Grains delivered to UBE shall
be free and clear of liens and encumbrances.

          C. Each individual executing this Agreement in a representative capacity, by his or her
execution hereof, represents and warrants that such person is fully authorized to do so on behalf
of the respective party hereto, and that no further action or consent on the part of the

 

 

party for whom such signatory is acting is required for the effectiveness and enforceability
of this Agreement against such party, following such execution.

     10. TERMINATION.

          A. FOR CAUSE. Either party may terminate this Agreement without liability for cause
by providing thirty (30) days prior written notice to the other party. For purposes of this
paragraph, “cause” shall include, but not be limited to, the happening of an event of default
discussed in paragraph 11 below, or any other material breach of any provision of this Agreement,
or material violation of any applicable law, regulation or ruling.

          B. WITHOUT CAUSE. Either party may terminate this Agreement without cause by
providing ninety (90) days prior written notice to the other party. If AE terminates this
Agreement during the initial term, then AE shall pay to UBE, within thirty (30) days of
termination, an amount equal to the product of three (3) multiplied by the average monthly ee paid
to UBE, under paragraph 2.A above, for the six (6) months prior to the termination date, or if the
fee has been paid for less than six (6) months, by the average of the monthly fee for the number of
months such monthly fee has been paid to UBE.

     11. 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, if
such nonpayment has not been cured within five (5) days of written notice thereof; (2) default by
either party in the performance of any material covenant, condition or agreement imposed upon that
party by this Agreement, if such nonperformance has not been cured within five (5) days of written
notice thereof; (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 and such petition is not dismissed
within ninety (90) days following the date of filing, or apply to a court for the appointment of a
received for any of its assets or properties with or without consent, and such received shall not
be discharged within sixty (60) days following appointment.

     12. REMEDIES. Upon the happening of an event of default under paragraph 11, the
parties hereto shall have all remedies available under applicable law with respect to an event of
default by the other party, including but not limited to the recovery of attorneys’ fees and other
costs and expenses. 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) to terminate this Agreement in accordance with
the provisions of paragraph 10. Notwithstanding any other provision of this Agreement, UBE may
offset against amounts otherwise owed to AE the price of any Distiller’s Grains which fail to
conform to any requirements of this Agreement.

     13. OPEN CONTRACTS. Upon the termination of this Agreement, for whatever reason, AE
shall assume and be responsible for delivering any remaining quantities of Distiller’s Grains
required to be delivered by UBE to its customers pursuant to UBE’s contracts with the termination
of this Agreement, UBE shall provide AE with a listing of all such contracts and the quantities of
Distiller’s Grains to be delivered pursuant to the same to assist AE in completing

 

 

delivers under these open contracts. AE agrees to assist UBE in the collection of amounts owed to
UBE from those customers receiving deliveries of Distillers Grains from UBE prior to the
termination of this Agreement.

     14. FORCE MAJEURE. Neither AE nor UBE 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 or terrorism, riots, civil disorders, sabotage, strikes, lockouts, labor disputes,
labor shortages, war, stoppages or slowdowns initiated by labor, transportation embargoes, failure
or shortage or 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. BY AE. Except as otherwise provided in this Agreement, AE shall indemnify, defend,
and hold UBE and its officers, directors, employees and agents harmless, from any and all losses,
liabilities, damages, expenses (including reasonable attorneys’ fees), costs, claims, demands, that
UBE or its officers, directors, employees or agents may suffer, sustain or become subject to, or as
a result of (i) any material breach of warranty, covenant or agreement of AE contained herein or
(ii) AE’s gross negligence or willful misconduct.

          B. BY UBE. Except as otherwise provided in this Agreement, UBE shall indemnify,
defend and hold AE and its officer, directors, employees and agents harmless, from any and all
losses, liabilities, damages, expenses (including reasonable attorneys’ fees), costs, claims,
demands, that AE or its officers, directors, employees or agents may suffer, sustain or become
subject to, or as a result of (i) any material breach of warranty, covenant or agreement of UBE
contained herein or (ii) UBE’s gross negligence or willful misconduct.

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

     16. RELATIONSHIP OF PARTIES. This Agreement creates no relationship other than those
of seller and buyer 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.

     17. TRADE RULES. As may be applicable, all purchases and sales of Distillers Grain’s
made hereunder shall be governed by the Feed Trade Rules of the National Grain and Feed Association
unless otherwise specified. Said Trade Rules, shall to the extent applicable, be a part of this
Agreement as if fully set forth herein. Notwithstanding the foregoing, the Arbitration Rules of
the National Grain and Feed Association shall not be applicable to this Agreement.

 

 

     18. CONFIDENTIALITY. The parties acknowledge that they will have access to certain
confidential information of the other party and that such information constitutes valuable, special
and unique property to such party. The parties agree that they will not at any time, during or for
a period of five (5) years after the termination of this Agreement, in any fashion, form or manner,
either directly or indirectly, divulge, disclose or communicate to any person, firm or corporation
in any manner whatsoever any such information. For purposes of this Agreement, the term
“confidential information” shall mean all information, documentation or financial data used by or
belonging to or relating to either party which is disclosed or made available to the other party,
its agents, employees or advisors, including but not limited to the prices charged for services
hereunder or any other information concerning the other party’s business, manner or operation,
plans, processes or other data of any kind.

     19. DISPUTE RESOLUTION. The parties shall attempt to settle amicably any dispute or
difference of any kind whatsoever, arising out of or in connection with the validity or invalidity,
construction, execution, meaning, operation or effect or breach of this Agreement. If the parties
do not promptly do so, either party may, by written notice to the other party, call for private
mediation of the issue before a mediator to be agreed upon by the parties. The parties agree to
conclude such private mediation within thirty (30) days of the filing by a party of a request for
such mediation. In the event of a dispute between the parties that is not resolved by such
mediation, either party may, by written notice to the other party, call for private binding
non-appealable arbitration of the issue before a single arbitrator agreed upon by the parties. In
the event a single arbitrator cannot e agreed upon, each party shall appoint a third party
arbitrator for a list provided by the American Arbitration Association (AAA) (not a principal of a
party) and the two arbitrators thus selected by the parties shall select a third arbitrator. The
arbitrators shall meet as expeditiously as possible to resolve the dispute, and a majority decision
of the arbitrators shall meet be controlling. While each party is free to select an arbitrator of
its own choosing from the list provided by the AAA, either party by written notice to the other may
require that al arbitrators chosen have sufficient expertise in the subject matter of the
arbitration that thy would quality as “expert witnesses” in a judicial proceeding.

The arbitrators so chosen shall conduct the arbitration in accordance with the Rules of the AAA as
applicable in the State of Kansas. Such arbitration shall take place at a mutually agreed upon
location. The arbitrators shall be governed, in their determinations hereunder, by the intention
of the parties as evidenced by the terms of this Agreement. The decision of the arbitrator shall
be rendered in writing and shall be final and binding upon the parties and shall be non-appealable.
Judgment upon the award rendered may be entered by either party and enforced in any court having
competent jurisdiction. The parties shall share the procedural costs of the mediation and
arbitration equally. Each party shall pay its own attorney’s fees and costs incurred by it
relating to the mediation and arbitration. Notwithstanding the foregoing sentences, the parties
hereby authorize the arbitrators to award costs and fees to the prevailing party as the arbitrators
deem appropriate.

Pending resolution of such dispute or difference and without prejudice to their rights, the parties
shall continue to respect all their obligations and to perform all their duties under this
Agreement; provided, however, the parties shall not be obligated to perform their obligations

 

 

after this Agreement has been terminated by any party pursuant to paragraph 10, or if such
termination is the dispute being arbitrated.

After signing this Agreement, each party understands that it will not be able to bring a lawsuit
concerning any dispute that may arise that is covered by this arbitration provision (other than to
enforce the arbitration decision).

     20. MISCELLANEOUS.

          A. This Agreement, together with any attachments or other information which is expressly
incorporated herein and make an integral part of this Agreement, is the complete understanding of
the parties to this Agreement with respect to the subject matter of this Agreement, and no other
representations or agreements shall be binding upon the parties, or shall be effective to
interpret, change or restrict the provisions of this Agreement.

          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. This Agreement may be executed in multiple counterparts, all of which shall constitute but
one and the same instrument. Facsimile signatures shall be deemed as originals as between the
parties.

          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
Kansas.

          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 party, which shall not
be unreasonably withheld.

          I. Time shall be of the essence in the performance of this
Agreement.

          J. This Agreement shall be binding upon, and shall inure to the benefit of the parties hereto
and their respective successors and assigns.

 

 

     21. NOTICE. Unless a different method of notice is provided herein, notice shall be
deemed to have been given to the party to whom it is addressed forty-eight (48) hours after it is
deposited in certified U.S. mail, postage prepaid, return receipt requested, addressed as follows:

	 	 	 	 	 
	 

	 	AE:
	 	Amaizing Energy, LLC
	 

	 	 	 	Attn:            
                
               
                 
	 

	 	 	 	2491 Lincoln Way
	 

	 	 	 	Denison, Iowa 51442
	 
	 	 	 	 
	 

	 	UBE:
	 	United Bio Energy Ingredients, LLC
	 

	 	 	 	Attn: Jeff Roskam
	 

	 	 	 	2868 North Ridge Road
	 

	 	 	 	Wichita, Kansas 67205
	 

	 	 	 	With a copy to: Chris Mitchell

     Either party may change the address for notices hereunder by giving notice of such change to
the other party in the manner above provided.

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

Amaizing Energy, LLC

       
                 
               
               
                

By:

United Bio Energy Ingredients, LLC

      
                  
                    
                    
      

By:     Jeff Roskam, President

 

 

EXHIBIT A

	 	 	 	 	 	 	 
	Product	 	Component	 	Minimum	 	Maximum
	 
	DDG
	 	Protein	 	28%	 	—
	 
	 	Fat	 	7.5%	 	—
	 
	 	Fiber	 	—	 	15%
	 
	 	Ash	 	—	 	5%

	 	 	 	 	 	 	 
	Product	 	Component	 	Minimum	 	Maximum
	 
	WDG
	 	Protein	 	10.05%	 	—
	 
	 	Fat	 	3%	 	—
	 
	 	Fiber	 	—	 	5%
	 
	 	Ash	 	—	 	2.5%

	 	 	 	 	 	 	 
	Product	 	Component	 	Minimum	 	Maximum
	 
	Modified WDG
	 	Protein	 	15.0%	 	—
	 
	 	Fat	 	4.5%	 	—
	 
	 	Fiber	 	—	 	9.0%
	 
	 	Ash	 	—	 	4.0%

Minimum quality standards for all Distiller’s Grains shall also be deemed to be “cool and Sweet”,
and with Aflatoxin levels less than 20 ppb maximum.exv10w2

 

Exhibit 10.2

AGREEMENT FOR ELECTRIC SERVICE

     THIS AGREEMENT is entered into and effective this 29th day of
October, 2004, by and between Harrison County Rural Electric Cooperative (“Seller”), 61-65
Fourth Street, P.O. Box 2, Woodbine, Iowa, a cooperative corporation, organized and existing under
the laws of the State of Iowa, and Amaizing Energy, LLC (“Customer”), 2941 Lincoln Way, P.O. Box
309, Denison, Iowa, a corporation organized and existing under the laws of the State of Iowa, as
operator of the Amaizing Energy Cooperative Ethanol Production Plant.

     WHEREAS, Seller is a cooperative electric corporation engaged in the business of providing
electric power and energy at retail to consumers located in its assigned service area; and

     WHEREAS, Customer operates facilities associated with the production transportation, and
storage of ethanol at its Amaizing Energy Ethanol Plant (“Project”), located in Crawford County,
Iowa; and

     WHEREAS, the Iowa Utilities Board (“IUB”) has previously established the electric service area
for Seller, which area includes within its boundaries Customer’s Project, and Seller is permitted
by law to supply electric power and energy to Customer at this location; and

     WHEREAS, Seller and Customer desire to enter into an agreement for the sale by Seller and
purchase by Customer of electric power and energy for Customer’s operations, as hereinafter
provided:

     NOW, THEREFORE, in consideration of the mutual promises contained herein, Seller and Customer
agree as follows:

     1. Definitions. The following terms as used in this Agreement shall have the following
meanings:

          (A) Effective Date. The date written above in the first paragraph of the Agreement.

          (B) In Service Date. The Date Customer begins processing ethanol at the Amazing
Energy Cooperative Ethanol Production Plant.

          (C) Start-Up Period. The Start-up Period shall be the period between the Effective
date and the In Service Date.

          (D) Point of Delivery. The Amaizing Energy Cooperative Ethanol Production Plant
located in Denison Township T83N, R39W, Section 20-21, Crawford County, Iowa.

 

 

          (E) Metering Point. The metering point is located at Denison Township T83N, R39W,
Section 20-21, Crawford County, Iowa at the Northwest Iowa Power Cooperative Amaizing Energy
Substation, which substation is to be located on property owned by Amaizing Energy and leased to
Seller’s Wholesale Supplier.

          (F) Uncontrollable Forces. Any cause beyond the control of the party affected,
including, but not limited to, failure of facilities, flood, earthquake, storm, fire, ice,
lightning, wildlife, epidemic, war, riot, civil disturbances, strikes or labor disturbances,
sabotage, or restraint by court order or public authority, which by exercise of due foresight such
party could not reasonably have been expected to avoid, and which, by exercise of due diligence, it
is unable to overcome.

          (G) Contract Demand. Maximum power and energy which Seller is obligated to provide to
customer.

          (H) Wholesale Supplier. Northwest Iowa Power Cooperative (“NIPCO”), the wholesale
power supplier currently providing service to Seller.

     2. Service — Character of Use.

          (A) Seller shall supply and sell to Customer, and Customer shall take and purchase from
Seller, during the term of and subject to the provisions of this Agreement, the total electric
power and energy required for Customer’s Project. The Contract Demand for service is 8,400
kilowatts (kW).

          (B) After the effective date and during the term of this Agreement, if any change in any state
of federal law, rule or regulation, or change in the agency or judicial application or
interpretation of said law, rule or regulation, requires a change in the delivery of sale of
electric power and energy to Customer by Seller, then an amended Agreement shall be made and
entered into between the Seller and Customer within forty-five (45) days of the effective date of
such change to permit the Customer and Seller to incorporate such change and its impact into this
agreement.

     3. Specification of Electric Energy — Delivery. The Seller’s Wholesale Supplier
controls the frequency of current provided by the Seller. All electric energy delivered hereu7nder
shall be in the form of three-phase alternating current at a frequency of 60 Hertz and a voltage of
12,470 kV delivered to the Point of Delivery. Except for periods of outage of infrequent and
unavoidable fluctuations, the frequency shall be maintained within one-tenth (1/10) of a cycle per
second.

     4. Facilities.

          (A) Customer has or will construct, own, and maintain the electric system required to bring
power and energy from the Point of Delivery at a secondary side of the distribution transformer to
the points of use by the Customer. Customer and Seller will coordinate the planning and design of
their respective facilities to meet all safety and

 

 

operational needs and conform to all applicable Federal and State electric service quality and
reliability rules and regulations.

          (B) If utilization of electric energy by Customer should cause fluctuations or disturbances
with the flow of energy on the distribution or transmission lines of Seller or NIPCO which can be
specifically identified, and verified by Seller, as the cause of the deterioration of service to
other customers, including, telephone, televisions, or other communication facilities service,
Seller shall have the right to require the installation by Customer of suitable apparatus to
correct or limit such a fluctuation or disturbance at no cost to Seller. This corrective action
shall be taken with a reasonable period of time after notification in writing to Customer by
Seller. If such corrective action is not taken in a timely manner, Seller shall have the right to
cause reasonable corrective measures to be taken, and Customer herby agrees to pay all reasonable
and actual costs association with such action.

          (C) Any motors greater than 150 horsepower must be provided or equipped with soft start
controllers.

          (D) Customer shall have responsibility and shall bear the expense to maintain all electric
facilities owned by Customer, and Seller and Wholesale Supplier shall have responsibility and shall
bear the expense to maintain all transmission, distribution, and other facilities owned or operated
by Seller and Wholesale Supplier, except as otherwise expressly provided herein.

          (E) Each party shall indemnify and hold harmless the other party, and its partners, operator,
affiliates, agents, and their officers, directors, representatives, designees, and employees, from
and against any and all claims, causes of action, losses, suits, penalties, damages, judgments,
liabilities, costs, and expenses, including but not limited to court costs, costs of settlement,
litigation costs and reasonable attorney’s fees occurring on its respective side of the Point of
Delivery or caused by any negligent or willful act or omission by the indemnifying party in
performing their obligations hereunder; provided, however, that nothing herein contained shall be
construed as relieving or releasing either party from liability for injury or damage, wherever
occurring, resulting from its own negligence or the negligence of its officers, servants, agent or
employees, and in the event of concurrent negligence there shall be contribution in accordance with
the laws of Iowa; and provided further, that each of the parties hereto shall be solely responsible
for injury or damage, wherever occurring, due solely to any defect in equipment installed,
furnished or maintained by such party, except as otherwise provided herein.

The electric power and energy supplied under this Agreement is supplied upon the express condition
that after it passes the Point of Delivery it becomes the property of Customer and neither Seller
nor NIPCO shall be liable for loss or damage to any person or property whatsoever, resulting
directly or indirectly from the use, misuse, or presence of said electric power and energy on the
Customer’s premises or elsewhere, after it passes

 

 

the Point of Delivery, except where such loss or damage shall be shown to have been occasioned by
the negligence of Seller, NIPCO, their agents or employees.

No party shall be liable for any indirect, consequential, special, exemplary, or punitive damages
of any nature arising out of or related to actions taken or omissions of such party in connection
with this Agreement.

     5. Monthly Rate.

          (A) Customer shall pay Seller for the electric power and energy provided hereunder those
amounts set forth in the Seller’s tariff “Large Industrial — Amaizing Energy Ethanol Plant” which
schedule may be changed by the Cooperative’s Board of Directors, subject to the limitations set
forth below. A copy of said tariff schedule is attached hereto and incorporated herein by
reference. However, the Minimum Charge as specified in said tariff shall be waived by Seller
during the Start-up Period.

          (B) Seller will provide Customer advance written notice of any change in Seller’s tariff rate
at least 30 days prior to the effective date of such change. Customer understands that a change in
character of use by Customer may impact Customer’s eligibility for the tariff rate set forth in
paragraph 5(A) above. Seller agrees that other than modifications based upon changes in the Power
Cost, Seller will not increase Customer’s rate prior to the third anniversary of the In Service
Date. Thereafter, increases unrelated to Power Cost will be limited to the same percentage as the
percentage increase in the Customer Price Index (CPI) from the previous year. As provided in the
tariff, Seller intends to pass through to Customer all changes in wholesale power cost.

          (C) Any legal direct tax applicable to service rendered under this Agreement shall be charged
to Customer by Seller, in the form of a direct monthly pass-through without modification of the
amount. If any such direct cost is subsequently modified or removed, Seller shall make an
identical modification or removal of the charge to Customer under this Agreement, effective as of
the same date the modification or removal of the tax becomes effective. Customer reserves the
right to contest or object to any such direct tax or charge applicable or potentially applicable to
service under this Agreement with the appropriate taxing authority.

          (D) Facilities Charge. In order to provide electric service to the Customer, the
Seller must construct distribution facilities at a cost of $345,000 for which Seller shall require
Customer to pay a monthly facilities charge of $3,917.41 for a ten-year term, commencing on the
first electric payment due date following the Effective Date of this agreement. [The monthly
facilities charge has been calculated based upon a $345,000 principal amount, a ten year term, and
a 6.5% interest rate]. Said facilities charge is not included in the monthly minimum bill amount
contained in the Tariff schedule “Large Industrial — Amaizing Energy Ethanol Plant.” This
facilities charge shall terminate following the ten year anniversary of this Agreement, provided
the

 

 

charges have been paid in full during the entire term of this Agreement. Customer may pay-off
the balance of the facilities charge, plus accrued interest, at any time without penalty.

In the event it is determined, subsequent to the execution of this Agreement, that additional
facilities or modifications to planned facilities are required, the parties agree to negotiate in
good faith with respect to the design, modification, and construction of the additional or modified
facilities and the payment to be made by Customer to Seller for the additional or modified
facilities.

     6. Capital Credits. The Seller disposes of its earnings on an annual basis in accord
with the provisions of its Articles of Incorporation, and may, on occasion, assign a portion of its
earnings back to its members as patronage dividends. Seller shall assign patronage dividends to
Customer in the same manner as patronage is assigned to Seller’s other members; however, in
exchange for the special contract rate being provided to Customer herein, Customer hereby agrees to
assign any such allocations back to Seller. No additional documentation shall be necessary to
effectuate said assignment.

     7. Power Factor. Customer shall make reasonable efforts to operate its facilities at
close to unity power factor. Except during compressor motor starting, power factor shall in no
case be less than ninety-eight percent (98%). Customer agrees, however, that if a higher power
factor is required by Seller’s Wholesale Supplier, it will make reasonable efforts to attempt to
meet such higher power factor requirements.

     8. Metering.

          (A) Metering shall be by digital primary meter for recording and monitoring electrical usage
and demand. The meter shall have the capability to be monitored by telephone line or other
electrical signal. The meter shall be periodically inspected and tested for the purpose of
establishing that metering equipment is connected properly, meters are adjusted to register power
and energy accurately, and proper metering records are prepared and maintained. Seller shall
notify Customer in advance of the time of any meter testing so that a representative of the
Customer may be present.

          (B) Meters may be sealed at the sole discretion of Wholesale Supplier and, if sealed, the
seals shall be broken only upon occasions when the meters are to be inspected, tested, or adjusted,
and authorized representatives of Customer and Seller or Wholesale Supplier shall be afforded
reasonable opportunity to be present upon such occasions. Seller or Wholesale Supplier shall
inspect and test, or cause to be inspected and tested, metering equipment at least yearly, and at
any other reasonable time upon request by Customer. Any meter found to be defective or inaccurate
shall be repaired and readjusted or replaced by Seller at no cost to the Customer. Should any
meter fail to register the power and energy delivered during any period, such deliveries shall, for
billing purposes and payment purposes, be estimated for such period suing the best information
available. If the customer requests a meter test, the Customer shall pay the

 

 

cost of such test if the meter has been previously tested within the past 12 months and the meter
was found to be within accuracy standards set.

          (C) The meter readings shall be presumed to be accurate as to the quantity of power and energy
taken by Customer unless, upon test, the meter is found to be in error by more than the limit set
forth in the applicable rule of the IUB.

     9. Billing and Payment.

          (A) The customer shall pay the Seller for electric power and energy furnished hereunder at the
rates specified above.

          (B) Bills for service hereunder, shall be by electronic funds transfer to a bank designated by
Seller. Such payment shall be within twenty (20) days after the issuance of the bill each month
for electric power and energy furnished for the monthly billing period. If the Customer shall fail
to make any such payment by the due date, the Seller may discontinue service to the Customer upon
giving three (3) days’ written notice to the Customer of its intention to do so; provided however,
Customer may cure any intent to discontinue service for nonpayment by causing Seller to receive all
amounts duly owing and outstanding before the end of the three (3) day notice period. Seller may
also disconnect service if Customer fails to comply with standards established by the utility for
interconnection, safety, and operating reliability; for any breach of contract that jeopardizes the
health and safety of persons or the integrity of the utility electric system; for reasonable
periods for the purpose o maintenance, testing, replacement, and repair of the utility system;
Customer’s failure to comply with the Seller’s electric service tariff, Articles of incorporation,
or Bylaws; or for any other cause as set forth in the rules of the IUB.

          (C) The amount of $80,000 shall be paid by Customer to Seller in advance of Seller providing
electric service as a customer deposit. Such deposit shall be in an account, upon which Seller
shall be entitled to draw upon such account at anytime its wholesale electric bill for service to
Customer becomes due prior to receiving payment from Customer pursuant to Paragraph 9(B) or in the
event of nonpayment by Customer; if Seller draws on such account, it shall replace funds in such
account within one (1) day of receiving payment from Customer. Customer has the option of
satisfying the customer deposit requirement by means of a letter of credit or other form of surety
in the amount of the required deposit, issed by a bank or insurance company, acceptable to Seller,
located or licensed in the State of Iowa on a Letter of Credit Form, acceptable to Seller. If the
deposit requirement is satisfied by a letter of credit or other form of surety, Seller shall,
within thirty (30) days of the date of the letter of credit or other form of surety, refund
Customer’s deposit to Customer.

          (D) The Seller may from time to time change the required deposit amount based upon the
Customer’s historical actual or projected power and energy consumption and the Seller’s historical
or projected costs for Customer’s power and energy consumption.

 

 

          (E) The Seller agrees to review the Customer’s account following twelve (12) months of
consecutive prompt payments (after the Start-up Date), and shall consider adjusting or refunding
the deposit in accordance with the applicable Iowa Utilities Board rules.

     10. Additional Terms. The electric service contracted for herein is to be provided
and taken in accordance with the provisions of this Agreement for Electric Service and all
applicable provisions of the laws of the State of Iowa. Customer shall be a member of Seller and
shall be bound by the provisions of the Articles of Incorporation and the Bylaws of the Seller and
by such rules and regulations as may from time to time be adopted by the Seller. Each party agrees
that it will at all times maintain its lines and equipment and other facilities required under this
Agreement in a safe operating condition in conformity with generally accepted standards for
electric utilities in the State of Iowa.

     11. Resale. Customer understands and agrees that the electric service provided under
this Agreement is for the operation at the Customer’s Amaizing Energy Ethanol Plant and related
purposes. Accordingly, such power and energy shall not to be resold, used, delivered, shared, or
distributed to any other person, firm, corporation, association, or cooperative for use on the site
for other purposes or outside the site for any purpose.

     12. Force Majeure and Liability. Neither Seller nor Customer shall be considered to
be in default in performance of any obligation hereunder, other than its obligation to make
payments for energy and services received, if failure of performance shall be due to Uncontrollable
Forces. No party shall, however, be relieved of liability for failure of performance, if such
failure is due to causes arising out of its own negligence or failure to remove or remedy with
reasonable dispatch. Nothing contained herein, however, shall be construed to require any party to
prevent or settle a strike or labor disturbance against its will. Neither party shall be liable
for consequential damages arising out of the failure to provide or to take electric power or energy
under this Agreement.

     13. Firm Service. Subject to the provisions of this Agreement, the electric service,
rates and charges provided herein are for firm service, subject to emergency curtailments made on
an equitable basis as to other firm customers of Seller. The parties will communicate and
coordinate operations to the extent practical given the conditions then existing. Seller shall
attempt to provide Customer with advance notice of any planned outages when practical and to
restore service promptly in light of the circumstances then existing. Seller anticipates Firm
Service will be available to Customer no later than January 1, 2005.

     14. Notices. Any notice required to be given to either party under the terms and
provisions of this Agreement may be given by mailing such notice to Customer or Seller by United
States mail. The notice shall bear the date of its mailing and shall

 

 

become effective on and after receipt. Each party shall designate from time to time persons
entitled to receive notice.

     15. Waiver. No waiver, expressed or implied, to any breach of any one or more of the
covenants or agreements hereof shall be deemed to be a waiver of any subsequent breach.

     16. Right of Access. Subject to safety and other reasonable admission policies, duly
authorized representatives of Seller and its Wholesale Supplier are authorized and shall be
permitted to enter the Customer’s premises at all reasonable times in order to carry out the
provisions of this Agreement. Customer shall have access to Seller’s wholesale power cost billing
applicable to Customer’s Point of Delivery to verify the accuracy of billings made to it by Seller.

     17. Term of Agreement. This Agreement shall become effective on the Effective Date,
and except as otherwise provided herein shall remain in effect for ten (10) years from the In
Service Date and shall terminate on the tenth (10th) anniversary of the In Service Date.

     18. Continuation Beyond Term. Customer, at its option, may continue to receive the
service described herein following expiration of the above-described term, which service will be
provided at the rates provided herein, subject to change by consent or by the Board of Directors of
Seller, provided Customer shall be entitled to notice of any such change. In the event service is
continued beyond the initial term, then this Agreement shall be for a minimum term of two (2)
years. Either party shall then have the right to terminate this Agreement upon giving six (6)
months’ written notice of its intention to terminate.

     19. Succession. This Agreement shall be binding upon and inure to the benefit of its
successors, legal representatives and assigns of the respective parties hereto. Customer shall not
assign all or any portion of its rights or obligations of this Agreement without first obtaining
Seller’s written consent to assignment, which consent shall not be unreasonably withheld. In the
event the Customer assigns all or any part of its rights under this Agreement, Customer shall
remain liable for the performance for all Customer’s obligations hereunder, notwithstanding the
assignment.

     20. Law Governing. This Agreement shall be construed and governed in accordance with
the laws of the Sate of Iowa.

     21. Amendment. This Agreement may be amendment from time to time through the
execution by the parties of separate, written amendments.

     22. Cancellation Clause. In the event the Customer ceases operation during the term
of this Agreement and as a result desires to cancel the Agreement for Electric Service, the
Customer shall be liable for a lump sum payment to Seller of an amount determined as follows:

 

 

A = B + C + D + E

     Where,

A = Cancellation Charge

B = Any applicable charges incurred by Seller from its Wholesale Supplier associated with
cancellation or service.

C = Any outstanding charges for electric service, and any amounts payment in future periods by
reason of provisions in the rate applicable to Seller, if any.

D = The remaining monthly Facilities Charge payments from Customer to Seller which shall be the
remainder of $494,800 minus the sum of the monthly Facilities Charge payments made by Customer to
Seller under this Agreement.

E = Cost of removal of facilities directly associated with providing service to the Customer.
Determination with regard to removal of facilities is at the sole discretion of Seller.

23. Load Forecast. At the Seller’s request, Customer shall provide Seller projections of
monthly and/or annual capacity and energy requirements for the subsequent calendar year and
succeeding years. Customer shall also notify Seller whenever a major change in load forecast
occurs. Seller shall not be obligated to supply more than the Contract Demand in any 30 minute
period.

24. Dispute Resolution. The Parties agree to attempt to resolve any controversy or claim
arising out of or relating to this Agreement, or breach thereof, by negotiations between the
Parties. If negotiations fail to resolve the conflict within thirty (30) days, the Parties agree
to participate in voluntary mediation.

     If mediation does not resolve any controversy or claim within thirty (30) days, any Party may
seek resolution of the controversy or claim in accordance with the rules of the American
Arbitration Association, subject to the limitations of this section. The arbitrator (or, if a
three-arbitrator panel is requested by any Party, each of the arbitrators) shall be a disinterested
person of recognized competence in the field in which the issues sought to be resolved have arisen,
with at least ten (10) years of experience in that field. The arbitrator(s) shall have
jurisdiction and authority only to interpret and determine compliance with the provisions of this
Agreement insofar as shall be necessary in the determination of the issues properly submitted to
them. The arbitrator(s) shall not have jurisdiction or authority to amend, alter, cancel, or
rescind any provisions of this Agreement. This Agreement to arbitrator and any other agreement or
consent to arbitrate entered into in accordance with this section shall be specifically enforceable
under the prevailing law of any court having jurisdiction. Notice of the demand for arbitration
will be filed in writing with the other Party to the Agreement.

 

 

25. Demand Increase. If there is a need for an increase in the Contract Demand, Seller may
require renegotiation of this Agreement.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first written above.

	 	 	 	 	 	 	 
	ATTEST:

	 	 
	 	AMAIZING ENERGY, LLC
	 
	 
	 	 	 	 	 	 
	/s/ Nick Cleveland

	 	 	 	By:  	 /s/ Sam J. Cogdill 10/29/04 	 
	 

	 	 	 	 	 	 
	Secretary

	 	 	 	President	 
	 
	 	 	 	 	 	 
	ATTEST:

	 	 	 	HARRISON COUNTY RURAL	 
	 

	 	 	 	ELECTRIC COOPERATIVE	 
	 
	 	 	 	 	 	 
	/s/ Daniel L. Dutina

	 	 	 	By: 	/s/ John G. Burbridge	 
	 

	 	 	 	 	 	 
	Secretary

	 	 	 	President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]