Document:

Exhibit 10.6
------------

                       Thomas Lamb, Barrister & Solicitor
                       ----------------------------------
                              3715 West 14th Avenue
                              Vancouver, BC, Canada
                                     V6R 2W8

March 31, 2004

                             TO WHOM IT MAY CONCERN:
                             -----------------------

I hereby agree to loan up to  U.S.$75,OOO.OO  to Europa  Trade Agency Ltd.  (the
"Company") on an as-needed basis to fund business operations and expenses of the
Company  during the twelve  month time  period  beginning  with the date of this
letter.

The terms of such loan will be negotiated  at the time of lending,  but interest
charged will not exceed the prevailing prime rate of interest plus 1%.

Yours truly,

/s/ Thomas Lamb

Thomas Lamb
President, Europa Trade Agency Ltd.Exhibit 10.7
------------

C I B C
=======

Transit         Branch                        Date         CIBC Reference Number
-------         ------                        ----         ---------------------
                GEORGIA AND BURRARD
00500           (VANCOUVER, BC V6E 2C7)       JUN28,2004   4718563954
--------------------------------------------------------------------------------
Borrower's Legal Name         (as referred to as "you" or the "Business")

EUROPA TRADE AGENCY LTD.
--------------------------------------------------------------------------------

We, Canadian Imperial Bank of Commerce ("CIBC") offer you, subject to the terms
of this CIBC Small Business Credit Agreement Guarantee, the following credit
facilities (each, a "Credit"), payable on demand, inclusive of all existing
credit facilities.

Small Business Overdraft / Line of Credit               Credit A1      Credit A2
-----------------------------------------

Type
Credit Limit                    Line of Credit
Account Number                  $   20,000.00 CAD
Interest Rate                   00500/15-30615
                                Prime Rate plus
Loan Administration Fee         5.500% per *year
                                $    25.00 per month
--------------------------------------------------------------------------------

Small Business Loan                                             Credit B
-------------------

Original Amount
Current Balance
interest Rate

Scheduled Payments*
     Amount of each payment

     Payment frequency
     First / next payment date

Final Payment Date

* Until demand, you agree to pay to CIBC the Scheduled Payments for each Small
Business Loan, and on the Final Payment Date for each Small Business Loan to pay
any outstanding principal and interest and any amount remaining due.
--------------------------------------------------------------------------------
Additional Credits
                       None
--------------------------------------------------------------------------------
Additional terms on the reverse of this page and the terms and conditions in the
CIBC "Small Business Credit Terms and Conditions" booklet-- form part of this
offer.
--------------------------------------------------------------------------------
Security Required
-----------------
The Key Principal and any Principals indicated below as Guarantors must sign the
Guarantee section of this Agreement.
Before making any Credits available, CIBC will also require, in addition to any
security presently held, the following security:

   None
--------------------------------------------------------------------------------
Other Information
-----------------
                       Offer Effective Date                Offer Expiry Date
                                MAR31,2004                     APR30,2004

Setup Fee              Annual Review Fee                   Amendment Fee
                                Waived                         Waived
--------------------------------------------------------------------------------
CIBC's Offer
------------

We are pleased to offer you these Credits. Please indicate your acceptance by
returning a signed copy of this offer to CIBC at the address shown above on or
before the Offer Expiry Date.

/s/ Sundy Yue                   Sundy Yue            Jun 28/04     Yes
-------------------------     --------------------   ---------   -------------
Signature of Bank Officer     Name of Bank Officer     Date   **Version provided
--------------------------------------------------------------------------------
Customer Acceptance
-------------------

The  Customer  accepts  the offer  above and agrees  with CIBC,  as of the Offer
Effective  Date, to the terms of this CIBC Small Business  Credit  Agreement and
Guarantee.  Each person who signs on the Customer's behalf below,  acknowledges,
personally  and on behalf  of the  Customer,  having  received  the CIBC  "Small
Business Credit Terms and Conditions" booklet **

Quebec  residents only: It is the express wish of the parties that this document
and any related documents be drawn up in English.  Les parties aux presentes ont
expressement  demande que ce document et taus les documents sy rattachant soient
rediges en anglais.

     /s/ Thomas Lamb                       Lamb, Thomas              Jun 28/04
------------------------------    -----------------------------    -------------
         Signature                          Name                       Date

------------------------------    -----------------------------    -------------
         Signature                          Name                       Date

------------------------------    -----------------------------    -------------
Signature                                Name                               Date
--------------------------------------------------------------------------------
Personal Guarantee(s)      Terms on the reverse form part of this guarantee
---------------------      ------------------------------------------------

The Key  Principal and any  Principals  signing  below each  acknowledge  having
received the CIBC "Small Business  Credit Terms and  Conditions"  booklet ** and
agree to  guarantee,  in accordance  with the terms of this CIBC Small  Business
Credit  Agreement and  Guarantee,  the  obligations of the Customer to CIBC. The
liability of the Customer  and the  Guarantor(s)  shall be joint and several (in
Quebec: solidary).

   /s/ Thomas Lamb                                              Jun 28/04
---------------------------------------                     --------------------
               Signature      LAMB, THOMAS                          Date

---------------------------------------                     --------------------
               Signature                                            Date

---------------------------------------                     --------------------
               Signature                                            Date

                                     BRANCH
<PAGE>

Additional Terms
----------------

"Prime"  or "Prime  Rate" or "CIBC  Prime  Rate"  means the  variable  reference
interest  rate per year  declared by CIBC from time to time to be its prime rate
for Canadian dollar loans made by CIBC in Canada.

"Base Rate" or "CIBC Base Rate" means the current  reference  interest  rate per
year which  varies by term as  declared by CIBC from time to time to be its base
rate for Canadian dollar loans made by CIBC in Canada.

"U.S. Base Rate" or "CIBC U.S. Base Rate" means the variable  reference interest
rate per year  declared  by CIBC  from time to time to be its base rate for U.S.
dollar loans made by CIBC in Canada.

You can find out what the CIBC Prime Rate, CIBC Base Rate or CIBC U.S. Base Rate
is at any time by calling 1 800 465-CIBC (1 800 465-2422).

The Business and the Guarantor(s) agree to the following:

CIBC may collect  information  during the course of your  relationship with CIBC
from credit  institutions,  and  references  you provide CIBC may also  disclose
Information  to credit bureax,  other  financial  institutions,  and you provide
CIBC.  CIBC may also disclose  information to credit bureax and other  financial
institutions  (The word  "Information"  means financial and  financially-related
information about you, including information to identify you and qualify you for
products  and  services,   or  information   that  CIBC,  needs  for  regulatory
requirements.)  CIBC may use  information  to identify  you protect you and CIBC
both from fraud and error,  understand  your needs and eligibility for services,
recommend  particular products and services to meet your needs,  provide ongoing
service, and comply with legal and regulatory requirements. This is explained in
the CIBC privacy brochure, Your Privacy Is Protected, available at any branch or
www.cibc.com,  which describes how the CIBC group collects, uses, discloses, and
retails information about you and the products and services you use.

Specific Consents:

     (a)  Direct  Marketing:  CIBC may  tell you  about  products  and  services
          through direct mail, telephone, and other direct means.

     (b)  Disclosure within the CIBC group:  CIBC may share  information  within
          the CIBC group so that the CIBC group may tell you about  products and
          services.

If you  don't  wish to  consent  to (a) or (b),  you can  contact  CIBC at 1 800
465-CIBC  (2422) at any time.  You will not be refused  credit or other services
just  because you withdraw  your consent to (a) or (b). The CIBC group  includes
CIBC and its subsidiaries  that currently offer deposits,  loans,  mutual funds,
securities trading, mortgages, trust and insurance services.Stock Option Award Agreement

Exhibit 10.1 

Black Hills CorporationStock

Option PlanOption 
Award Agreement 

		
	Participant:	 	 	____________	 	 
	
Date of Grant:	 	 	____________	 	 
	
Number of Shares Covered by this Option:	 	 	____________	 	 
	
Number of above Shares intended to be	 	 
	Incentive Stock Options ("ISOs")	 	 
	within the meaning of Internal Revenue	 	 
	Codess. 422:	 	 	____________	 	 
	
Number of above shares intended to be	 	 
	Nonqualified Stock Options ("NQSOs"):	 	 	____________	 	 
	
Option Price for each Share:	 	 	____________	 	 
	
Date of Expiration:	 	 	____________	 	 

This document constitutes part of the
prospectus covering securities that have been registered under the Securities Act of 1933. 

        THIS
AGREEMENT, effective as of the Date of Grant set forth above, represents the grant of
stock options by Black Hills Corporation, a South Dakota corporation (the
“Company”) to the Participant named above, pursuant to the provisions of the
Black Hills Corporation Stock Option Plan (“Plan”). 

        All
capitalized terms used herein shall have the meanings ascribed to them in the Plan, unless
specifically set forth otherwise herein. 

        The
Plan provides a complete description of the terms and conditions governing the Option. If
there is any inconsistency between the terms of this Agreement and the terms of the Plan,
the Plan’s terms shall completely supersede and replace the conflicting terms of this
Agreement. The parties hereto agree as follows: 

1.    Grant
of Stock Options. The Company hereby grants to the Participant an Option to purchase
the number of Shares set forth above, at the stated Option Price, which is 100 percent
(100%) of the Fair Market Value of a Share on the Date of Grant, in the manner and
subject to the terms and conditions of the Plan and this Agreement.  

2.    Exercise
of Stock Option. Except as hereinafter provided, the Participant           may
exercise this Option at any time after the end of one year following the           Date
of Grant as to those Shares which have become vested according to the           vesting
schedule set forth below, provided that no exercise may occur subsequent           to the
close of business on the Date of Expiration (as defined on page 1 of this
          Agreement).  

	  	
VESTING
SCHEDULE  

	     Date	       Shares for Which Option

          Becomes Exercisable	         Cumulative Number of Shares

            Available for Purchase
	
		
		
	
	
		
		
	
	
		
		
	

        This
Option may be exercised in whole or in part, but not for less than 100 Shares at any one
time, unless fewer than 100 Shares then remain subject to the Option, and the Option is
then being exercised as to all such remaining Shares. 

3.  Termination of Employment:  

          	(a)	  	
               By death or Disability: In the event of termination of employment by
               reason of death or disability, all Shares under this Option shall become
               immediately vested (100%) and the Shares may be purchased under the terms of
               this Agreement until the earlier of: (i) the expiration date of this Option; or
               (ii) the first anniversary of the date of death or Disability. 

               

          	(b) 	  	
               By Retirement: In the event of termination of employment by reason of
               retirement, all Shares under this Option shall become immediately vested (100%)
               and the Shares may be purchased under the terms of this Agreement until the
               earlier of: (i) the expiration date of this Option; or (ii) the third
               anniversary date of Retirement. 

               

          	(c) 	  	
               For other reasons: Shares which are vested as of the date of termination
               of employment of the Participant for any reason other than those reasons set
               forth in 3(a) or 3(b) above may be purchased under the terms of this Agreement
               until the earlier of: (i) the expiration date of this Option; or (ii) 90 days
               following the date of termination of employment. Shares which are not vested as
               of the date of termination shall immediately terminate, and shall be forfeited
               to the Company. 

               

4.  Change in Control.
In the event of a Change in Control, all Shares under                this Option shall
become immediately vested (100%) and shall remain exercisable                for their
entire term.  

        “Change
in Control” of the Company shall be deemed to have occurred (as of a particular day,
as specified by the Board) upon the occurrence of any event described in this Section 4 as
constituting a Change in Control. 

     	(a) 	  	
          An acquisition (other than directly from the Company) of any Shares of the
          Company by any Person immediately after which such Person has Beneficial
          Ownership of thirty percent (30%) or more of the Shares of the Company;
          provided, however, in determining whether a Change in Control has occurred,
          Shares which are acquired in a “Non-Control Acquisition” (as
          hereinafter defined) shall not constitute an acquisition which would cause a
          Change in Control. A “Non-Control Acquisition” shall mean an
          acquisition by (i) an employee benefit plan (or a trust forming a part thereof)
          maintained by (A) the Company; or (B) a Subsidiary; (ii) the Company or its
          Subsidiaries; or (iii) any Person in connection with a “Non-Control
          Transaction” (as hereinafter defined); 

          

     	(b) 	  	
          The individuals who, as of the Effective Date hereof, are members of the Board
          (the “Incumbent Board”), cease for any reason to constitute at least
          two-thirds (2/3) of the members of the Board; provided, however, that if the
          election, or nomination for election by the Company’s common shareholders,
          of any new director was approved by a vote of at least two-thirds (2/3) of the
          Incumbent Board, such new director shall, for purposes of this Plan, be
          considered as a member of the Incumbent Board; provided further, however, that
          no individual shall be considered a member of the Incumbent Board if such
          individual initially assumed office as a result of either an actual or
          threatened “Election Contest” (as described in Rule 14a-11 promulgated
          under the Exchange Act) or other actual or threatened solicitation of proxies or
          consents by or on behalf of a Person other than the Board (a “Proxy
          Contest”) including by reason of any agreement intended to avoid or settle
          any Election Contest or Proxy Contest; or 

          

     	(c) 	  	
          Approval by shareholders of the Company of: 

          

	(i)  	  	A
merger, consolidation, or reorganization involving the Company, unless such
          merger, consolidation, or reorganization is a “Non-Control
          Transaction.” A “Non-Control Transaction” shall mean a merger,
          consolidation, or reorganization of the Company where:  

	(A)  	  	the
shareholders of the Company, immediately before such merger, consolidation,           or
reorganization, own directly or indirectly, immediately following such           merger,
consolidation, or reorganization, at least seventy percent (70%) of the
          combined voting power of the outstanding Voting Securities of the corporation
          resulting from such merger or consolidation or reorganization (the
          “Surviving Corporation”) in substantially the same proportion as
their           ownership of the Voting Securities immediately before such merger,
          consolidation, or reorganization;  

	(B)  	  	the
individuals who were members of the Incumbent Board immediately prior to the
          execution of the agreement providing for such merger, consolidation, or
          reorganization constitute at least two-thirds (2/3) of the members of the board
          of directors of the Surviving Corporation, or a corporation beneficially
          directly or indirectly owning a majority of the Voting Securities of the
          Surviving Corporation; and  

	(C)  	  	no
Person other than (i) the Company; (ii) any Subsidiary; (iii) any employee
          benefit plan (or any trust forming a part thereof) maintained by the Company,
          the Surviving Corporation, or any Subsidiary; or (iv) any Person who,
          immediately prior to such merger, consolidation, or reorganization had
          Beneficial Ownership of thirty percent (30%) or more of the then outstanding
          Voting Securities), has Beneficial Ownership of thirty percent (30%) or more of
          the combined voting power of the Surviving Corporation’s then outstanding
          Voting Securities.  

	(ii) 	  	A
complete liquidation or dissolution of the Company; or  

	(iii)  	  	An
agreement for the sale or other disposition of all or substantially all of
                    the assets of the Company to any Person other than (x) a transfer to
a                     Subsidiary; or (y) a sale or transfer of a Subsidiary by the
Company except if                     such sale or transfer would be a sale or other
disposition of all or                     substantially all of the assets of the Company.  

	(d) 	  	Notwithstanding
the foregoing, (i) a Change in Control shall not be deemed to           occur solely
because any Person (the “Subject Person”) acquired           Beneficial
Ownership of more than the permitted amount of the then outstanding           Common
Stock as a result of the acquisition of Shares by the Company which, by
          reducing the number of Shares then outstanding, increases the proportional
          number of shares beneficially owned by the Subject Persons, provided that if a
          Change in Control would occur (but for the operation of this sentence) as a
          result of the acquisition of Shares by the Company, and after such stock
          acquisition by the Company, the Subject Person becomes the Beneficial Owner of
          any additional Shares which increases the percentage of the then outstanding
          Shares beneficially owned by the Subject Person, then a Change in Control shall
          occur; and (ii) a Change in Control shall not be deemed to occur unless and
          until all regulatory approvals required to effect a Change in Control of the
          Company have been obtained.  

5.    Restrictions
on Transfer. This Option may not be sold, transferred,           pledged, assigned,
or otherwise alienated or hypothecated, other than by will or           by the laws of
descent and distribution. Further, this Option shall be           exercisable during the
Participant’s lifetime only by the Participant or           the Participant’s
legal representative.  

6.    Recapitalization.
In the event there is any change in the Company’s           Shares through the
declaration of stock dividends or through recapitalization           resulting in stock
splits or through merger, consolidation, exchange of Shares,           or otherwise, the
number and class of Shares subject to this Option, as well as           the Option Price,
may be equitably adjusted by the Committee, in its sole           discretion, to prevent
dilution or enlargement of rights.  

7.    Procedure
for Exercise of Option. This Option may be exercised by           delivery of written
notice to the Company at its executive offices, addressed to           the attention of
its Secretary. Such notice: (a) shall be signed by the           Participant or his or
her legal representative; (b) shall specify the number of           full Shares then
elected to be purchased with respect to the Option; (c) unless           a Registration
Statement under the Securities Act of 1933 is in effect with           respect to the
Shares to be purchased, shall contain a representation of the           Participant that
the Shares are being acquired by him or her for investment and           with no present
intention of selling or transferring them, and that he or she           will not sell or
otherwise transfer the Shares except in compliance with all           applicable
securities laws and requirements of any stock exchange upon which the           Shares
may then be listed; and (d) shall be accompanied by payment in full of           the
Option Price of the Shares to be purchased, and the Participant’s copy           of
this Agreement.  

        The
Option Price upon exercise of this Option shall be payable to the Company in full either:
(a) in cash or its equivalent (acceptable cash equivalents shall be determined at the sole
discretion of the Committee); or (b) by tendering previously acquired Shares having an
aggregate Fair Market Value at the time of exercise equal to the total Option Price
(provided that the Shares which are tendered must have been held by the Participant for at
least six (6) months prior to their tender to satisfy the Option Price); or (c), by a
combination of (a) and (b). 

        The
Participant may also be permitted to exercise pursuant to a “cashless exercise”
procedure as permitted under the Federal Reserve Board’s Regulation T, subject to
securities law restrictions. In the event the Participant exercises pursuant to a
“cashless exercise” procedure, any net gain on the “cashless
exercise”, after appropriate tax withholdings, shall be distributed to the
Participant in the form of Shares. 

        As
promptly as practicable after receipt of notice and payment upon exercise, the Company
shall cause to be issued and delivered to the Participant or his or her legal
representative, as the case may be, certificates for the Shares so purchased, which may,
if appropriate, be endorsed with appropriate restrictive legends. The Share certificates
shall be issued in the Participant’s name (or, at the discretion of the Participant,
jointly in the names of the Participant and the Participant’s spouse). The Company
shall maintain a record of all information pertaining to the Participant’s rights
under this Agreement, including the number of Shares for which their Option is
exercisable. If the Option shall have been exercised in full, this Agreement shall be
returned to the Company and canceled. 

8.    Beneficiary Designation.
The Participant may, from time to time, name any                beneficiary or
beneficiaries (who may be named contingently or successively) to                whom any
benefit under this Agreement is to be paid in case of his or her death
               before he or she receives any or all of such benefit. Each such
designation                shall revoke all prior designations by the Participant, shall
be in a form                prescribed by the Company, and will be effective only when
filed by the                Participant in writing with the Secretary of the Company
during the                Participant’s lifetime. In the absence of any such
designation, benefits                remaining unpaid at the Participant’s death
shall be paid to the                Participant’s estate.  

9.    Rights as a Shareholder.
The Participant shall have no rights as a                shareholder of the Company with
respect to the Shares subject to this Option                Agreement including, without
limitation, any right to dividends, until such time                as the purchase price
has been paid, and the Shares have been issued and                delivered to him or
her.  

10.    Continuation of
Employment. This Option Agreement shall not confer upon                the
Participant any right to continuation of employment by the Company, nor
               shall this Option Agreement interfere in any way with the Company’s
right                to terminate the Participant’s employment at any time. A
transfer of the                Participant’s employment between the Company and any
one of its                Subsidiaries (or between Subsidiaries) shall not be deemed a
termination of                employment.  

11.    Limitation.
Participant shall not exercise any shares which are intended                to be ISOs
hereunder if and to the extent that the Participant would thereby be
               entitled to purchase Shares in any one calendar year, the value of which,
               determined at the time of the Date of Grant, would exceed $100,000.  

12.    Miscellaneous.  

          	(a) 	  	
               This Option Agreement and the rights of the Participant hereunder are subject to
               all the terms and conditions of the Plan, as the same may be amended from time
               to time, as well as to such rules and regulations as the Committee may adopt for
               administration of the Plan. The Committee shall have the right to impose such
               restrictions on any Shares acquired pursuant to the exercise of this Option, as
               it may deem advisable, including, without limitation, restrictions under
               applicable Federal securities laws, under the requirements of any stock exchange
               or market upon which such Shares are then listed and/or traded, and under any
               blue sky or state securities laws applicable to such Shares. It is expressly
               understood that the Committee is authorized to administer, construe, and make
               all determinations necessary or appropriate to the administration of the Plan
               and this Option Agreement, all of which shall be binding upon the Participant. 

               

          	(b) 	  	
               With the approval of the Board, the Committee may terminate, amend, or modify
               the Plan; provided, however, that no such termination, amendment, or
               modification of the Plan may in any material way adversely affect the
               Participant’s rights under this Agreement, without the written consent of
               the Participant. 

               

          	(c) 	  	
               The Company shall have the power and the right to deduct or withhold, or require
               the Participant to remit to the Company, an amount sufficient to satisfy
               federal, state, and local taxes (including Participant’s FICA obligation)
               required by law to be withheld with respect to any exercise of the
               Participant’s rights under this Agreement. 

               

	  	
The
Participant may elect, subject to any procedural rules adopted by the Committee, to
satisfy the withholding requirement, in whole or in part, by having the Company withhold
Shares having an aggregate Fair Market Value on the date the tax is to be determined,
equal to the amount required to be withheld.  

          	(d) 	  	
               The Participant agrees to take all steps necessary to comply with all applicable
               provisions of federal and state securities law in exercising his or her rights
               under this Agreement. 

               

          	(e) 	  	
               This Agreement shall be subject to all applicable laws, rules, and regulations,
               and to such approvals by any governmental agencies or national securities
               exchanges as may be required. 

               

          	(f) 	  	
               All obligations of the Company under the Plan and this Agreement, with respect
               to this Option, shall be binding on any successor to the Company, whether the
               existence of such successor is the result of a direct or indirect purchase,
               merger, consolidation, or otherwise, of all or substantially all of the business
               and/or assets of the Company. 

               

          	(g) 	  	
               To the extent not preempted by federal law, this Agreement shall be governed by,
               and construed in accordance with, the laws of the State of South Dakota. 

               

        IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the Date of
Grant. 

	  	         

	  	        BLACK
HILLS CORPORATION 

	  	        By________________________________________ 

ATTEST: 

______________________________ 

	  	        ___________________________________________

                                                             Participant

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