Document:

Exhibit 10.2

 

September 24, 2009

 

Incyte Corporation

Experimental Station

Route 141 & Henry Clay Road

Building E336

Wilmington, DE 19880

 

Ladies and Gentlemen:

 

Reference is hereby made to the $160,000,000
aggregate principal amount of the 4.75% Convertible Senior Notes due 2015 (the “Notes”)
of Incyte Corporation (the “Company”) which Baker/Tisch Investments,
L.P., Baker Bros. Investments II, L.P., 667, L.P., Baker Brothers Life
Sciences, L.P. and 14159, L.P. (collectively, the “Baker Brothers”) have
agreed to purchase. Capitalized terms used herein and not otherwise defined
shall have the meaning set forth in the indenture relating to the Notes by and
between the Company and U.S. Bank National Association, as trustee, to be dated
as of closing date of the sale and issuance the Notes (the “Indenture”).
In consideration of the mutual covenants and agreements of the parties herein,
the Baker Brothers and the Company agree as follows:

 

1.               Transfer Restrictions. 
The Baker Brothers, on behalf of themselves and each affiliate or other
person subject to aggregation with any of the Baker Brothers under Section 13(d) of
the Securities Exchange Act of 1934 (the “Exchange Act”) and the rules promulgated
thereunder (“Section 13(d)”) or any person who may form a “group” with
the Baker Brothers within the meaning of Section 13(d) (collectively,
the “BB Group”) agrees that, so long as any of the Baker Brothers or any
member of the BB group is an “affiliate” of the Company as such term is defined
in Rule 144 of the Securities Act of 1933, as amended (the “Securities
Act”) no member of the BB Group shall sell any Notes or shares of the
Company’s common stock (“Common Stock”) issuable upon conversion of the
Notes that constitute “restricted securities” under Rule 144 other than (i) pursuant
to an effective registration statement under the Securities Act,  (ii) pursuant to the exemption from
registration provided by Rule 144 (if available) or (iii) to persons
who agree to be bound by the transfer restrictions applicable to such member of
the BB Group.

 

2.               Registration Rights. Following the closing of the sale and
issuance of the Notes to the Baker Brothers, the Company agrees to provide the
registration rights as set forth below in this Section 2, subject to the
terms and conditions contained herein.

 

A.           Shelf Registration. The Company agrees that, upon written
request by the Baker Brothers, it shall, as soon as reasonably practicable,
prepare and file with the Securities and Exchange Commission (“SEC”) a
registration statement for an offering to be made on a delayed or continuous
basis pursuant to Rule 415 of the Securities Act registering the resale
from time to time by the Baker Brothers of all of the Registrable Securities (a
“Shelf Registration Statement”); provided, however, that the 

 

1

 

Company
will have the right to postpone the effectiveness of any such Shelf
Registration Statement in accordance with Section 2(C) below. Upon
filing of the Shelf Registration Statement, the Company shall use commercially
reasonable efforts to cause such Shelf Registration Statement to be declared
effective under the Securities Act as soon as reasonably practicable, but in no
event earlier than the date that is six (6) months following the last date
of the original issuance of the Notes, and to keep such Shelf Registration
Statement continuously effective during the Effectiveness Period as defined in Section 2(B) below.  For purposes of this letter agreement, “Registrable
Securities” shall mean the Notes and any shares of the Company’s common
stock issued upon conversion thereof, any shares of the Company’s common stock
issued upon conversion of the Company’s Series A Preferred Stock that may
be issued upon conversion of the Notes, and any security issued with respect
thereto upon any stock dividend, split or similar event, that are held by the
Baker Brothers or any member of the BB Group. 
The Shelf Registration Statement shall be on Form S-3 or another
appropriate form permitting registration of the Registrable Securities for
resale in accordance with the methods of distribution elected by the Baker
Brothers and set forth in the Shelf Registration Statement; provided, however that in no event shall such method of
distribution take the form of an underwritten offering of the Registrable
Securities without the prior written consent of the Company.  If a Shelf Registration Statement covering
resales of the Registrable Securities ceases to be effective for any reason at
any time during the Effectiveness Period (other than because all securities
registered thereunder shall have been resold pursuant thereto), the Company
shall use its commercially reasonable efforts to obtain the prompt withdrawal
of any order suspending the effectiveness thereof, and in any event shall
within thirty (30) days of such cessation of effectiveness amend the Shelf
Registration Statement in a manner reasonably expected to obtain the withdrawal
of the order suspending the effectiveness thereof, or file an additional Shelf
Registration Statement so that all Registrable Securities outstanding as of the
date of such filing are covered by a Shelf Registration Statement.  If a new Shelf Registration Statement is
filed pursuant to this Section 2(A), the Company shall use its
commercially reasonable efforts to cause the new Shelf Registration Statement
to become effective as soon as reasonably practicable after such filing and to
keep the new Shelf Registration Statement continuously effective until the end
of the Effectiveness Period.

 

B.             Effectiveness Period. Subject to the limitations set forth in
section 2(C) below, the Company shall be obligated to use its commercially
reasonable efforts to keep a Shelf Registration Statement filed pursuant Section 2(A) effective
until the earlier to occur of the following: (i) at such time as all
Registrable Securities held by the Baker Brothers have been sold pursuant to a
Shelf Registration Statement or other effective registration statement or Rule 144
or (ii) at such time as all Registrable Securities held by the Baker
Brothers are eligible to be sold without any volume or manner of sale
restrictions pursuant to Rule 144 (the “Effectiveness Period”).

 

C.             Suspension Period. Notwithstanding anything to the
contrary in this Section 2, upon notice to the Baker Brothers, the Company
may suspend the use or the effectiveness 

 

2

 

of
the Shelf Registration Statement for a period of up to thirty (30) days in any
three (3) month period or ninety (90) days in any in any twelve (12) month
period (the “Suspension Period”) if the Board of Directors of the
Company determines that there is a valid business purpose for suspension of the
Shelf Registration Statement; provided, that
in the case of a probable financing, acquisition, recapitalization, business
combination or other similar transaction, the Company shall have the right to
extend the Suspension Period by up to an additional fifteen (15) days in any
three (3) month period.  In the
event the Company exercises its rights under the preceding sentence, the Baker
Brothers agree to suspend, immediately upon their receipt of the notice
referred to above, their use of any preliminary prospectus, prospectus or any
amendment or supplement thereto in connection with any sale or offer to sell
Registrable Securities. The Company shall promptly notify the Baker Brothers
when the Registration Statement may once again be used or is effective. In
addition to restrictions on resales during the Suspension Period as described
above, for so long as any member of the BB Group is an affiliate of the
Company, no member of the BB Group shall be allowed to transfer or sell any of
its Registrable Securities pursuant to the Shelf Registration Statement at any
time when either (i) any blackout period under the Company’s insider
trading policy is in effect or (ii) any member of the BB Group is in
possession of any material non-public information with respect to the Company.

 

D.            Expenses. The Company shall bear all fees and expenses
incurred in connection with the performance by the Company of its obligations
under Section 2 of this letter agreement. 
Such fees and expenses shall include, without limitation, (i) all
registration and filing fees (including, without limitation, fees and expenses (x) with
respect to filings required to be made with the National Association of
Securities Dealers, Inc. and the SEC and (y) of compliance with
federal and state securities or Blue Sky laws), (ii) printing expenses
(including, without limitation, expenses of printing certificates for
Registrable Securities in a form eligible for deposit with The Depository Trust
Company), (iii) all expenses of any Persons in preparing or assisting in
preparing, word processing, printing and distributing any Shelf Registration Statement,
any preliminary prospectus, prospectus or any amendments or supplements
thereto, any, securities sales agreements and other documents relating to the
performance of and compliance with this Section 2, (iv) all fees and
disbursements relating to the qualification of the Indenture under applicable
securities laws, (v) the fees and disbursements of counsel for the Company
in connection with any Shelf Registration Statement, (vi) fees and
disbursements of the Trustee and its counsel and of the registrar and transfer
agent for the Common Stock, (vii) Securities Act liability insurance
obtained by the Company in its sole discretion and (viii) the fees and
disbursements of the independent registered public accounting firm of the
Company and of any other Person or business whose financial statements are
included or incorporated or deemed to be incorporated by reference in a Shelf
Registration Statement.  Notwithstanding
the provisions of this Section 2(D), the Baker Brothers shall pay any
broker’s commission, agency fee or underwriter’s discount or commission in
connection with the sale of the Registrable Securities under a Shelf
Registration Statement.

 

3

 

E.              Indemnification.

 

(a)          The Company agrees to indemnify, to the
extent permitted by law, the Baker Brothers and each of their officers,
directors, managers, members, partners and each other Person who controls any
of the Baker Brothers (within the meaning of the Securities Act), as
applicable, against all losses, claims, damages, liabilities and expenses
caused by any untrue or alleged untrue statement of material fact contained in
any Shelf Registration Statement, prospectus or preliminary prospectus or any
amendment thereof or supplement thereto or any omission or alleged omission of
a material fact required to be stated therein or necessary to make the
statements therein not misleading, except insofar as the same are caused by or
contained in any information furnished in writing to the Company by the Baker
Brothers expressly for use therein or by the Baker Brothers’ failure to deliver
a copy of the Shelf Registration Statement or any preliminary prospectus,
prospectus or any amendments or supplements thereto after the Company has
furnished the Baker Brothers with a sufficient number of copies of the same.

 

(b)         The Baker Brothers agree to indemnify, to
the extent permitted by law, the Company and its officers and directors, as
applicable, against all losses, claims, damages, liabilities and expenses
caused by any untrue or alleged untrue statement of material fact contained in
any Shelf Registration Statement, prospectus or preliminary prospectus or any
amendment thereof or supplement thereto or any omission or alleged omission of
a material fact required to be stated therein or necessary to make the
statements therein not misleading, solely to the extent the same are caused by
or contained in any information furnished in writing to the Company by the
Baker Brothers expressly for use therein.

 

(c)          A person entitled to indemnification
hereunder (the “indemnified party”) shall (A) give prompt written notice
to the indemnifying party of any claim with respect to which it seeks
indemnification (provided that the failure to give prompt notice shall not
impair any indemnified party’s right to indemnification hereunder to the extent
such failure has not prejudiced the indemnifying party) and (B) unless in
such indemnified party’s reasonable judgment a conflict of interest between
such indemnified party and indemnifying parties may exist with respect to such
claim, permit such indemnifying party to assume the defense of such claim with
counsel reasonably satisfactory to the indemnified party. If such defense is
assumed, the indemnifying party shall not be subject to any liability for any
settlement made by the indemnified party without its consent (but such consent
shall not be unreasonably withheld). An indemnifying party who is not entitled
to, or elects not to, assume the defense of a claim shall not be obligated to pay
the fees and expenses of more than one counsel for all parties indemnified by
such indemnifying party with respect to such claim, unless in the reasonable
judgment of any indemnified party a conflict of interest may exist between such
indemnified party and any other of such indemnified parties with respect to
such claim.

 

4

 

(d)         The indemnification provided for under
this agreement shall remain in full force and effect regardless of any
investigation made by or on behalf of the indemnified party or any officer,
director, manager, member, partner or controlling person of such indemnified
party and shall survive the transfer of securities. The Company also agrees to
make such provisions, as are reasonably requested by any indemnified party, for
contribution to such party in the event the Company’s indemnification is
unavailable for any reason. Such provisions shall provide that the liability
amongst the various persons shall be allocated in such proportion as is appropriate
to reflect the relative fault of the such persons in connection with the
statements or omissions which resulted in losses (the relative fault being
determined by reference to, among other things, which person supplied the
information giving rise to untrue statement or omission and each person’s
relative intent, knowledge, access to information and opportunity to correct or
prevent such untrue statement or omission) and, only if such allocation is not
respected at law, would other equitable considerations, such as the relative
benefit received by each person from the sale of the securities, be taken into
consideration.

 

3.               Blocker Provisions.

 

A.           Notwithstanding any provision of the
Notes or the Indenture to the contrary, any Conversion Notice with respect to
the Notes delivered by or on behalf of the Baker Brothers or any member of the
BB Group shall be deemed automatically not to have been so delivered by such
person to the extent, but only to the extent, the delivery of any shares of
Common Stock or any other security otherwise deliverable upon such conversion
would result in the BB Group having “beneficial ownership” as determined in
accordance with Section 13(d) of the Exchange Act and the rules thereunder
(“Beneficial Ownership”) of Common Stock or any other class of any
equity security (other than an exempted security) that is registered pursuant
to Section 12 of the Exchange Act (a “Class”) in excess of 19.999%
of the number of outstanding shares of the Common Stock or such Class (the
“19.999% Ownership Limitation”). 
Any purported delivery to any member of the BB Group of a number of
shares of Common Stock or any other security upon conversion of the Notes shall
be void and have no effect to the extent, but only to the extent, that after
such delivery, the BB Group would have Beneficial Ownership of Common Stock or
any such Class in excess of the 19.999% Ownership Limitation.

 

B.             Notwithstanding Section 3(A) or
any provision of the Notes or the Indenture to the contrary, during any period
of time in which the BB Group’s Beneficial Ownership of Common Stock or any
other Class (without reference to the Notes held by the BB Group)  is less than 10%,  any Conversion Notice with respect to the
Notes delivered by or on behalf of the Baker Brothers or any member of the BB
Group shall be deemed automatically not to have been so delivered by such
person to the extent, but only to the extent, the delivery of any shares of
Common Stock or any other security otherwise deliverable upon such conversion
would result in the BB Group having Beneficial Ownership of Common Stock or any
other Class in excess of 9.999% of the number of outstanding shares of the
Common Stock or such Class (the “9.999% Ownership Limitation”).  During any such period of time in which the
BB Group’s 

 

5

 

Beneficial
Ownership of Common Stock or any other Class is less than 10% (without
reference to the Notes held by the BB Group), any purported delivery to any
member of the BB Group of a number of shares of Common Stock or any other
security upon conversion of the Notes shall be void and have no effect to the
extent, but only to the extent, that after such delivery, the BB Group would
have Beneficial Ownership of Common Stock or any such Class in excess of
the 9.999% Ownership Limitation.

 

C.             The Baker Brothers, on behalf of the BB
Group, shall inform the Company on or prior to the date that any member of the
BB Group delivers any Conversion Notice with respect to the Notes of the number
of shares of Common Stock or any other relevant Class then beneficially
owned by the BB Group.

 

D.            The Company agrees to instruct the
Trustee to take such steps as may be reasonably necessary to effectuate the
foregoing arrangements in this Section 3.

 

4.               The rights provided to the Baker Brothers
and any other member of the BB Group and its or their affiliates as contained
in this letter agreement may not be assigned without the prior consent of the
Company. This letter agreement shall be binding upon and shall be inure to the
benefit of the parties hereto and their respective permitted assigns, and no
other person shall have any rights or obligations hereunder.

 

5.               This letter agreement constitutes the
full and entire understanding of the agreement between the parties hereto with
regard to the subject matter contained herein and supersedes all prior oral or
written agreements to understandings with respect to the subject matter hereof.

 

6.               This letter agreement and construed in
accordance with the laws of the State of New York.

 

This
letter agreement may be executed in multiple counterpart copies, each of which
shall be considered an original and all of which shall constitute one and the
same instrument binding on all parties.

 

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  BAKER/TISCH
  INVESTMENTS, L.P.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  Baker/Tisch
  Capital, L.P.,

  
	
   

  	
   

  	
  its general
  partner

  
	
   

  	
  By: 

  	
  Baker/Tisch
  Capital (GP), LLC,

  
	
   

  	
   

  	
  its general
  partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Julian Baker

  
	
   

  	
  Name: Julian Baker

  
	
   

  	
  Title: Managing Member

  
					

 

6

 

	
   

  	
  BAKER
  BROS. INVESTMENTS II, L.P.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  Baker Bros.
  Capital, L.P.,

  
	
   

  	
   

  	
  its general
  partner

  
	
   

  	
  By: 

  	
  Baker Bros.
  Capital (GP), LLC,

  
	
   

  	
   

  	
  its general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Julian Baker

  
	
   

  	
  Name: Julian Baker

  
	
   

  	
  Title: Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  667,
  L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  Baker Bros.
  Capital, L.P.,

  
	
   

  	
   

  	
  its general
  partner

  
	
   

  	
  By: 

  	
  Baker Bros.
  Capital (GP), LLC,

  
	
   

  	
   

  	
  its general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Julian Baker

  
	
   

  	
  Name: Julian Baker

  
	
   

  	
  Title: Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Baker
  Brothers Life Sciences, L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  Baker Brothers Life
  Sciences Capital, L.P.

  
	
   

  	
   

  	
  its general partner

  
	
   

  	
  By: 

  	
  Baker Brothers Life
  Sciences Capital (GP), LLC

  
	
   

  	
   

  	
  its general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Julian Baker

  
	
   

  	
  Name: Julian Baker

  
	
   

  	
  Title: Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  14159,
  L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  14159 Capital, L.P.

  
	
   

  	
   

  	
  its general partner

  
	
   

  	
  By: 

  	
  14159 Capital (GP), LLC

  
	
   

  	
   

  	
  its general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Julian Baker

  
	
   

  	
  Name: Julian Baker

  
	
   

  	
  Title: Managing Member

  
					

 

7

 

	
  Agreed to on
  September 24, 2009 by:

  	
   

  
	
   

  	
   

  
	
  INCYTE CORPORATION

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: 

  	
  /s/ Patricia A. Schreck

  	
   

  
	
  Name: Patricia A.
  Schreck

  	
   

  
	
  Title: Executive Vice
  President and General Counsel

  	
   

  
			

 

8Exhibit 10.1

 

Execution Version

 

September 29,
2009

 

BNP Paribas, as Lender and
Administrative Agent

787 Seventh Avenue

New York, NY 10019

 

Deutsche
Bank Trust Company Americas, as Collateral Agent and Depositary Agent

60
Wall Street, 27th Floor

Mail
Stop: NYC60-2710

New
York, NY 10005

 

The
Lender parties to the Credit

Agreement (as defined below)

 

Re:                             Waiver
and Amendment pursuant to Section 9.12(a) of the Credit Agreement (as
defined below) and Section 10.1 of the Account Agreement (as defined in
such Credit Agreement)

 

Ladies
and Gentlemen:

 

This
Waiver and Amendment (the “Amendment”) is delivered to you pursuant to (a) Section 9.12(a) of
that certain Credit Agreement, dated as of September 25, 2006 (as amended,
supplemented and modified from time to time, the “Credit Agreement”),
among BFE Operating Company, LLC (“Opco”), Buffalo Lake Energy, LLC (“Buffalo
Lake”), Pioneer Trail Energy, LLC (“Pioneer Trail” and, together
with Opco and Buffalo Lake, the “Borrowers”), Opco, as Borrowers’ Agent
(the “Borrowers’ Agent”), the Lenders party thereto, BNP Paribas, as
Administrative Agent and Arranger, and Deutsche Bank Trust Company Americas, as
Collateral Agent and (b) Section 10.1 of that certain Collateral
Account Agreement, dated as of September 25, 2006 (as amended,
supplemented and modified from time to time, the “Account Agreement”),
among the Borrowers, the Borrowers’ Agent, Deutsche Bank Trust Company
Americas, as Collateral Agent, Depositary Agent and Securities
Intermediary.  All capitalized terms used
herein and not otherwise defined shall have the meanings assigned to such terms
in the Credit Agreement.  The parties
hereto agree that this Amendment may be executed in counterparts.

 

WHEREAS,
pursuant to a letter dated May 22, 2009 (the “May 22 Letter”),
the Administrative Agent asserted that, due to the existence of certain facts
and occurrence of certain events, as described in the May 22 Letter a
number of Defaults and Events of Default under the Credit Agreement had
occurred and were continuing pursuant to Sections 7.1(c), (f) and (x) of
the Credit Agreement;

 

WHEREAS,
pursuant to a letter dated July 1, 2009 (the “July 1 Letter”),
the Administrative Agent asserted that (a) the Construction Loans matured
on June 30, 2009, (b) on such date the principal amount of the
Construction Loans, together with accrued interest thereon, became due and (c) as
a result thereof Events of Default had occurred and were continuing pursuant to
Sections 7.1(a) and (p) of the Credit Agreement;

 

 

WHEREAS,
the Lenders party hereto wish to (a) waive any Events of Default that may
have arisen as a result of the facts and events described in the May 22
Letter and/or July 1 Letter and (b) retroactively extend the Date
Certain and waive certain provisions of the Credit Agreement related to the
failure of the Projects to have achieved Conversion prior to June 30,
2009, in each instance to permit the Borrowers to convert the Construction
Loans to Term Loans subject to the terms and conditions set forth in the Credit
Agreement and herein; and

 

WHEREAS,
the Borrowers, the Borrowers’ Agent, the Agents (acting at the direction of the
Lenders) and the Lenders are desirous of entering into this Amendment to amend certain
provisions of the Account Agreement and the Credit Agreement, each as further
described below.

 

NOW, THEREFORE, in
consideration of the premises and for other good and valuable consideration,
the receipt of which is hereby acknowledged, the parties hereto agree as
follows:

 

1.                                       The Lenders
hereby waive any Events of Default that may exist of which the Lenders are
aware arising out of the facts and events described in the May 22 Letter
and/or July 1 Letter.  This
Amendment constitutes notice to the Borrowers that as of the Effective Date the
Borrowers may elect to convert the Base Rate Loans to Eurodollar Loans pursuant
to and in accordance with the terms of the Credit Agreement.

 

2.                                       The Lenders
hereby retroactively extend the occurrence of the Date Certain from June 30,
2009 to September 29, 2009.  In
connection therewith, the Administrative Agent and Lenders hereby retroactively
waive the occurrence of:

 

(a)                                  and extend the maturity date
of the Construction Loans pursuant to Sections 2.1(a), 2.1(b) and 6.1(a) of
the Credit Agreement and under any applicable Construction Notes, from June 30,
2009 to the earlier of the Conversion Date and September 29, 2009;

 

(b)                                 and extend the date of the
termination of the Construction Loan Commitments pursuant to Sections 2.26(a) and
6.1(a) of the Credit Agreement, in an aggregate amount equal to $13,421,757,
from June 30, 2009 to the earlier of the Conversion Date and September 29,
2009;  provided that (i) Construction
Loans in an aggregate amount of $3,678,762 shall be disbursed into the
Construction Accounts on the Conversion Date, pursuant to and in accordance
with a Notice of Borrowing delivered by the Borrowers’ Agent, and,
notwithstanding anything to the contrary contained in the Credit Agreement, the
Account Agreement or herein, the Borrowers shall, and shall be permitted to,
use the proceeds of such Construction Loans (A) in an aggregate amount of
$1,312,082 on the Conversion Date to pay all fees, costs and expenses of the
professional advisors to any Secured Party as set forth in Exhibit A
attached hereto and (B) in an aggregate amount of $2,366,680 solely to pay
the Project Costs set forth in the revised Construction Budgets attached hereto
as Exhibits B-1 and B-2, in each case in accordance with Section 4.1
of the Account Agreement, and (ii) the unutilized Construction Loan
Commitments in an aggregate amount equal to $9,742,995 are hereby converted as
of the Effective Date to DSRA Loan Commitments (as defined below), which DSRA
Loan Commitments shall be available commencing on the Conversion Date pursuant
to and in 

 

2

 

accordance with the terms and conditions set forth herein, in the
Credit Agreement and in the Account Agreement; and

 

(c)                                  the Borrowers’ failure to
achieve Project Completion Date by June 30, 2009 and hereby extend the
date by which the Borrowers must achieve the Project Completion Date pursuant
to Sections 5.21(a) and 7.1(p) of the Credit Agreement from June 30,
2009 to September 29, 2009.

 

For
the avoidance of doubt, (A) the unutilized Construction Loan Commitments
in an aggregate amount equal to $1,720,243 have permanently terminated on June 30,
2009 and (B) the DSRA Loan Commitments shall only be available during the
DSRA Loan Availability Period (as defined below).

 

3.                                       The
Administrative Agent and the Lenders hereby approve (a) the proposed amendments to the
Buffalo Lake Construction Budget and the Pioneer Trail Construction Budget,
respectively, as presented in the amended Construction Budgets attached hereto
as Exhibits B-1 and B-2, and agree that such amended Construction
Budgets shall now constitute the Buffalo Lake Construction Budget and the
Pioneer Trail Construction Budget, respectively, and (b) the proposed
amendments to the Operating Budget for the Operating Year of 2009 attached
hereto as Exhibit B-3, and agree that such amended Operating Budget shall
now constitute the Operating Budget for the Operating Year of 2009.

 

4.                                       Section 2.2(a) of
the Credit Agreement is hereby amended and restated to read in its entirety as
follows:

 

“(a)                            Subject to and upon the terms and
conditions set forth herein, each of the Lenders: (x) agrees that on the
Conversion Date all Construction Loans of such Lender outstanding on such date
(after giving effect to any Borrowing of Construction Loans on such date and
any prepayment of Construction Loans on such date in accordance herewith) shall
automatically convert into term loans (the “Converted Loans”) in an
aggregate principal amount equal to the outstanding amount of the Construction
Loans of such Lender as of the Conversion Date and (y) severally agrees to
make, from time to time during the DSRA Loan Availability Period, loans (the “DSRA
Loans”, and, together with the Converted Loans, the “Term Loans”) to
the Borrowers, which DSRA Loans (i) shall at the option of the Borrowers’
Agent, be Base Rate Loans or Eurodollar Loans (provided, however,
that except as provided in Section 2.12, all DSRA Loans comprising the
same Borrowing shall at all times be of the same Type), (ii) shall be made
and maintained in Dollars, (iii) shall not exceed for any Lender, in
aggregate principal amount, that amount which equals the DSRA Loan Commitment
of such Lender, (iv) shall mature on the Term Loan Maturity Date and (v) shall
be disbursed solely for the purposes and pursuant to the requirements of Section 2.3(b) of
this Agreement and Section 4.5(c) of the Account Agreement or Section 2.3(c) of
this Agreement, but at no time shall the aggregate amount of the Term Loans of
any Lender exceed such Lender’s Term Loan Commitment in effect as of such
date.  The Term Loans are available only
on the terms and conditions specified hereunder, and once repaid, in whole or
in part, at maturity or by prepayment, may not be reborrowed in whole or in
part.”

 

3

 

5.                                       The heading of Section 2.3
of the Credit Agreement is hereby amended and restated to read in its entirety
as follows: “Notice of Borrowing.”

 

6.                                       Section 2.3
of the Credit Agreement is hereby amended and restated to read in its entirety
as follows:

 

“(a)                            Whenever the
Borrowers desire to make a Borrowing of a Construction Loan pursuant to Section 2.1(a) or
(b) or a Working Capital Loan pursuant to Section 2.2(c), the
Borrowers’ Agent shall give the Administrative Agent at its Notice Office (i) at
least three Business Days’ prior written notice in the case of Eurodollar Loans
and (ii) at least one Business Day’s prior written notice in the case of
Base Rate Loans; provided, that any such notice shall be deemed to have
been given on a certain day only if given before 11:00 a.m. (New York City
time).  Each such notice (a “Notice of
Borrowing”) shall be irrevocable and shall be given by the Borrowers’ Agent
substantially in the form of Exhibit A hereto, appropriately completed to
specify (A) the aggregate principal amount of the Construction Loans or
Working Capital Loans to be made pursuant to such Borrowing, (B) the date
of such Borrowing (which shall be a Business Day), (C) whether the
Construction Loans or Working Capital Loans being made pursuant to such
Borrowing are to be initially maintained as Base Rate Loans or Eurodollar
Loans, (D) if the Construction Loans or Working Capital Loans being made
pursuant to such Borrowing are to be initially maintained as Eurodollar Loans,
the initial Interest Period to be applicable thereto, (E) in the case of
Working Capital Loans, the Ratio of Debt to Total Project Costs at such time,
and (F) in the case of Construction Loans, whether such Construction Loans
are Buffalo Lake Construction Loans or Pioneer Trail Construction Loans and, in
the case of a requested Borrowing of any Excess Construction Loan Commitment,
the Construction Account into which the Loan proceeds are to be deposited.  The Administrative Agent shall promptly give
each Lender notice of the proposed Borrowing, of such Lender’s proportionate
share thereof and of the other matters required by the immediately preceding
sentence to be specified in the Notice of Borrowing.

 

(b)                                 Any DSRA Notice of Borrowing issued by
the Depositary Agent in accordance with Section 4.5(c) of the Account
Agreement shall be deemed an irrevocable Notice of Borrowing issued by the
Borrowers’ Agent to the Administrative Agent without any further action or
consent from the Borrowers or the Borrowers’ Agent, provided that
initially any DSRA Loans issued pursuant to a DSRA Notice of Borrowing shall be
maintained as (i) if the Borrowers’ Agent shall have given at least three (3) Business
Days’ prior written notice to the Administrative Agent and the Depositary Agent
of the anticipated need for such DSRA Notice of Borrowing, the aggregate amount
of DSRA Loans to be requested thereby and the desired Interest Period with
respect thereto, a Eurodollar Loan, and (ii) otherwise, a Base Rate Loan; provided
further that the Borrowers shall have the option to convert such Loans
to Loans of another Type in accordance with Section 2.8 of this
Agreement.  Whenever the Administrative
Agent receives a Transfer Date Certificate indicating that the Depositary Agent
may be required to issue a DSRA Notice of Borrowing, the Administrative Agent
shall promptly give each Lender notice of such event.  Whenever the Administrative Agent receives (A) a
DSRA Notice of Borrowing, or (B) a written notice set forth in clause (i) above,
the 

 

4

 

Administrative Agent
shall promptly give each Lender notice of the proposed Borrowing and of such
Lender’s proportionate share thereof.

 

(c)                                  In the event that (A) the conditions
for Distributions set forth in Section 5.16(c) have been satisfied on
any two consecutive Quarterly Distribution Dates occurring after September 30,
2009; provided that, during the DSRA Loan Availability Period, the
undrawn amount then available under any outstanding DSRA Loan Commitments
(assuming the compliance with the conditions set forth in Section 2.3(c)(A) above)
shall be included for the purposes of the calculation set forth in Section 5.16(c)(v),
(B) the Borrowers have fully repaid Cargill and Cargill Commodity for all
payments deferred pursuant to (but would have been due but for) the Omnibus
Amendments and any other amounts then due under the Omnibus Amendments and (C) the
Borrowers’ Agent shall have delivered to the Administrative Agent an Officer’s
Certificate certifying as to the satisfaction of each of the conditions
described in clauses (A) and (B) above, the Borrowers shall be
entitled to make a Borrowing of the DSRA Loans by submitting a Notice of
Borrowing.  Subject to the immediately
preceding sentence, whenever the Borrowers desire to make a Borrowing of the
DSRA Loans pursuant to this Section 2.3(c), the Borrowers’ Agent shall
give the Administrative Agent a Notice of Borrowing substantially in the form
of Exhibit A hereto, appropriately completed to specify (i) the
aggregate principal amount of the DSRA Loans to be made pursuant to such
Borrowing, (ii) the date of such Borrowing (which shall be a Business
Day), (iii) whether the DSRA Loans being made pursuant to such Borrowing
are to be initially maintained as Base Rate Loans or Eurodollar Loans, and (iv) if
the DSRA Loans being made pursuant to such Borrowing are to be initially
maintained as Eurodollar Loans, the initial Interest Period to be applicable
thereto.  The Administrative Agent shall
promptly give each Lender notice of the proposed Borrowing, of such Lender’s
proportionate share thereof and of the other matters required by the
immediately preceding sentence to be specified in the Notice of Borrowing.”

 

7.                                       Section 2.4
of the Credit Agreement is hereby amended by adding the following sentence
immediately following the second sentence of Section 2.4:

 

“Each Borrowing of DSRA
Loans shall be incurred ratably among the Lenders based upon the amount of
their respective DSRA Loan Commitments.”

 

8.                                       Section 2.5(a) of
the Credit Agreement is hereby amended by adding the following two (2) sentences
at the end thereof:

 

“The aggregate principal
amount of each Borrowing of a DSRA Loan under Section 2.3(c) shall
not be less than the lesser of (i) Five Hundred Thousand Dollars
($500,000) and (ii) the undisbursed amount of each Lender’s DSRA Loan
Commitment, in the aggregate.  The
aggregate principal amount of any Borrowing under Section 2.3(b) shall
be in the amount required under Sections 4.2(b) and 4.5 of the Account
Agreement and shall not be subject to any minimum amount.”

 

9.                                       Section 2.6
of the Credit Agreement is hereby amended by:

 

5

 

(a)                                  adding
immediately after the words “on the date specified in each Notice of Borrowing”
appearing in the second line thereof the following text: “or DSRA Notice of
Borrowing (and, in the case of a DSRA Notice of Borrowing, no later than 1.00
pm (New York City time) on the third Business Day (in the case of Eurodollar
Loans) or the next Business Date (in the case of Base Rate Loans) from the date
specified in such notice)”;

 

(b)                                 deleting the
word “and” immediately after the phrase “in the case of Construction Loans,” in
the seventh line thereof;

 

(c)                                  adding the
phrase “, (iii) the account designated by the Administrative Agent, in the
case of DSRA Loans issued pursuant to a DSRA Notice of Borrowing under Section 2.3(b),
and (iv) the Debt Service Reserve Account, in the case of DSRA Loans
issued pursuant to a Notice of Borrowing under Section 2.3(c)” immediately
after the phrase “and under Section 5.31 hereof” in the eleventh line
thereof; and

 

(d)                                 adding the
phrase “or distribute to the Lenders in accordance with Section 6.8(a)(ii)”
immediately after the phrase “make available to the Borrowers a corresponding
amount” in the seventeenth line thereof.

 

10.                                 Section 2.7(e) of
the Credit Agreement is hereby deleted in its entirety.

 

11.                                 Section 2.26(b) of
the Credit Agreement is hereby amended by:

 

(a)          adding the phrase “(other
than DSRA Loan Commitments)” immediately after the phrase “Any unutilized Term
Loan Commitments” in the first line thereof; and

 

(b)         adding the following
sentence at the end thereof:  “Any
unutilized DSRA Loan Commitments shall be automatically and permanently
terminated at the close of business on the Term Loan Maturity Date.”

 

12.                                 Section 2.26(c) of
the Credit Agreement is hereby amended by deleting the words “the corresponding”.

 

13.                                 Section 5.1
of the Credit Agreement is hereby amended by adding the following new clause (n) at
the end thereof:

 

“(n)                           Cash Flow Forecasts. 
On a monthly basis a rolling thirteen week cash flow forecast of the
Borrowers.”

 

14.                                 The first
sentence of Section 5.17 of the Credit Agreement is hereby amended and
restated to read in its entirety as follows:

 

“The Borrowers shall maintain in full force and effect one or more
Hedging Agreements (collectively, the “Required Hedging Agreements”)
with one or more Lenders (or their Affiliates), which effectively enable the
Borrowers to protect themselves in a manner reasonably satisfactory to the
Administrative Agent against the risk of interest rate fluctuations as to a
notional principal amount at least equal to fifty percent (50%) of the 

 

6

 

outstanding principal amount of the Construction Loans and the Term
Loans from time to time, which Required Hedging Agreements shall be entered
into and maintained from and after September 30, 2011 and shall be maintained on a rolling one-year basis until the Loan
Termination Date; provided that if a Required Hedging
Agreement is with a counterparty other than a Lender (or an Affiliate thereof),
the obligations of the Borrowers thereunder will not be secured by the Security
Documents or any other Lien on the Property of any Borrower and will be
subordinated to the Obligations in a manner and pursuant to terms and
conditions which are in all respects satisfactory to the Required Lenders.”

 

15.                                 Section 5.20(b)(ii) of
the Credit Agreement is hereby amended and restated to read in its entirety as
follows:

 

“(ii) in respect of Project Costs in an aggregate amount not to
exceed Twenty Five Thousand Dollars ($25,000)”

 

16.                                 Section 6.1(b) of
the Credit Agreement is hereby amended by adding the following sentence at the
end thereof:

 

“The DSRA Loan Commitments shall automatically be reduced to zero at
the close of business on the Term Loan Maturity Date.”

 

17.                                 Section 6.7(a) of
the Credit Agreement is hereby amended and restated to read in its entirety as
follows:

 

“(a)                            Commitment Fee. 
The Borrowers agree to pay to the Administrative Agent, for the account
of each Lender, a commitment commission (the “Commitment Fee”) for (i) the
Construction Loan Commitments and the Working Capital Loan Commitments,
computed at a rate equal to one half percent (0.50)% per annum on the daily
average Unutilized Commitment of such Lender during the period commencing on
the Signing Date and ending on the expiry of the Buffalo Lake Construction Loan
Availability Period, the Pioneer Lake Construction Loan Availability Period and
the Working Capital Availability Period, as applicable, and (ii)  the DSRA
Loan Commitments, computed at a rate equal to one half percent (0.50)% per
annum on the daily average Unutilized Commitment of such Lender during the
period commencing on the Conversion Date and ending on the expiry of the DSRA
Loan Availability Period.  The accrued
Commitment Fee shall be due and payable in arrears on each Quarterly Date.”

 

18.                                 Section 6.8(a) of
the Credit Agreement is hereby amended and restated to read in its entirety as
follows:

 

“(a)                            Subject to the provisions of this Section 6.8,
the Administrative Agent agrees that promptly after its receipt of (i) each
payment from or on behalf of the Borrowers in respect of any Obligations of the
Borrowers hereunder, it shall distribute such payment to the Lenders pro rata based upon their respective shares, if any, of the
Obligations with respect to which such payment was received, and (ii) the
proceeds of the DSRA Loans issued pursuant to a DSRA Notice of Borrowing under Section 2.3(b),
it shall distribute such proceeds to the Lenders pro rata
based upon their respective shares, if any, of the 

 

7

 

Obligations with respect
to which such proceeds were received; provided that in case of clause (ii) above,
if any Lender (a “Defaulting Lender”) fails to pay its portion of the
DSRA Loans pursuant to a DSRA Notice of Borrowing under Section 2.3(b),
the Administrative Agent shall (A) have the rights set forth in Section 2.6,
(B) be entitled to return the proceeds of the DSRA Loans to the Lenders
who paid their respective portion of the DSRA Loans without applying such
proceeds in respect of the Obligations with respect to which such proceeds were
received (the “Returned Funds”) and the Returned Funds shall not be deemed
to be DSRA Loans or (C) be entitled to distribute such proceeds only to
the Lenders who paid their respective portion of the DRSA Loans pro rata based upon their respective shares, if any, of the
Obligations with respect to which such proceeds were received (without taking
into account the respective shares of the Defaulting Lenders) and such proceeds
shall be deemed to be DSRA Loans.”

 

19.                                 Section 7.1(a) of the Credit
Agreement is hereby amended by adding the following proviso at the end thereof:

 

“; provided that,
in the case of a failure by the Borrowers to pay principal or interest when
due, no Event of Default under this Section 7.1(a) shall exist as a
result of such failure to the extent and for so long as such failure was solely
due to: (i) the Depositary Agent’s failure to issue a DSRA Notice of
Borrowing pursuant to Section 4.5(c) of the Account Agreement or (ii) the
Lenders’ failure to make DSRA Loans to the Borrower in accordance with Sections
2.2(a)(y) and 2.3(b), in each case to the extent the aggregate amount of
such principal and/or interest is less than any remaining undrawn amounts then
available under any outstanding DSRA Loan Commitments; provided  further
that the immediately preceding proviso shall not apply in case an Event of
Default has occurred and is continuing pursuant to any other clause of Section 7.1
(other than Section 7.1(a))”

 

20.                                 The definition
of “Buffalo Lake Construction Loan Availability Period” in Appendix A to the
Credit Agreement is hereby amended and restated to read in its entirety as
follows:

 

““Buffalo Lake
Construction Loan Availability Period” shall mean the period commencing on
the Closing Date, and ending on the earliest to occur of (i) the full
utilization of the Buffalo Lake Construction Loan Commitments of the Lenders, (ii) the
Date Certain, (iii) the Conversion Date, and (iv) the termination of
the Total Commitment pursuant to the provisions of the Credit Agreement.”

 

21.                                 The definition
of “Date Certain” in Appendix A to the Credit Agreement is hereby amended and
restated to read in its entirety as follows:

 

““Date Certain”
shall mean September 29, 2009.”

 

22.                                 The definition
of “Pioneer Trail Construction Loan Availability Period” in Appendix A to the
Credit Agreement is hereby amended and restated to read in its entirety as
follows:

 

““Pioneer Trail
Construction Loan Availability Period” shall mean the period commencing on
the Closing Date, and ending on the earliest to occur of (i) the full 

 

8

 

utilization of the
Pioneer Trail Construction Loan Commitments of the Lenders, (ii) the Date
Certain, (iii) the Conversion Date, and (iv) the termination of the
Total Commitment pursuant to the provisions of the Credit Agreement.”

 

23.                                 The definition
of “Term Loan Commitment” in Appendix A to the Credit Agreement is hereby
amended and restated to read in its entirety as follows:

 

““Term Loan Commitment”
shall mean, for each Lender, (i) the aggregate amount of Construction
Loans of such Lender as of the Conversion Date (after giving effect to any
Borrowing of Construction Loans on such date in accordance with Section 2.1
of the Credit Agreement and any prepayment of Construction Loans on such date
in accordance with Section 6 of the Credit Agreement) plus (ii) the
DSRA Loan Commitment.”

 

24.                                 The definition
of “Unutilized Commitment” in Appendix A to the Credit Agreement is hereby
amended and restated to read in its entirety as follows:

 

““Unutilized
Commitment” shall mean, for each Lender, at any time, (i) in respect
of Construction Loans, the Construction Loan Commitment of such Lender at such
time less the aggregate outstanding principal amount of all Construction Loans
made by such Lender, and (ii) in respect of Working Capital Loans, the
Working Capital Loan Commitment of such Lender at such time less the aggregate
outstanding principal amount of all Working Capital Loans made by such Lender
and (iii) in respect of DSRA Loans, the DSRA Loan Commitment of such
Lender at such time less the aggregate outstanding principal amount of all DSRA
Loans made by such Lender.”

 

25.                                 Appendix A to
the Credit Agreement is hereby amended by adding the following new definitions:

 

““DSRA Loan
Availability Period” shall mean the period commencing on the Conversion
Date and ending on the earliest to occur of (i) the full utilization of
the DSRA Loan Commitments of the Lenders, (ii) the date 60 days prior to
the Term Loan Maturity Date and (iii) the termination of the Total
Commitment pursuant to the provisions of the Credit Agreement.

 

“DSRA Loan Commitment”
shall mean, as to any Lender, the applicable amount set forth opposite such
Lender’s name in Annex I to the Credit Agreement.

 

“DSRA Loans” shall
have the meaning provided in Section 2.2(a) of the Credit Agreement.

 

“DSRA Notice of Borrowing”
shall have the meaning provided in Section 4.5(c) of the Account
Agreement.

 

“Omnibus Amendments”
shall mean, collectively, (i) the Agreement and Omnibus Amendment entered
into as of July 30, 2009, among Buffalo Lake, Cargill and Cargill
Commodity and (ii) the Agreement and Omnibus Amendment entered into as of July 30,
2009, among Pioneer Trail, Cargill and Cargill Commodity.”

 

9

 

26.                                 Appendix B
(Scheduled Principal Payments) to the Credit Agreement is hereby amended and
restated to read in its entirety as provided in Exhibit C hereto.

 

27.                                 Annex I
(Commitments) to the Credit Agreement is hereby amended and restated to read in
its entirety as provided in Exhibit D hereto.

 

28.                                 Section 4.1(i) of
the Account Agreement is hereby amended and restated to read in its entirety as
follows:

 

“(i)                               The Borrowers’ Agent shall, through
delivery of an Officer’s Certificate no less than three Business Days prior to
the Conversion Date to the Depositary Agent (with a copy to the Administrative
Agent) notify the Depositary Agent of the anticipated Conversion Date.  The Depositary Agent shall deem such
anticipated Conversion Date to be the Conversion Date for purposes of this
Account Agreement unless otherwise notified in writing by the Administrative
Agent prior to such date.  Upon (i) the completion of all work
related to the construction of the Projects as set forth on the Construction
Budgets, including punch-list items, and (ii) the payment of all Project
Costs, in each case as duly certified by the Borrowers’ Agent to the
Administrative Agent and verified by the Independent Engineer (the “Final
Completion”), the Borrowers’ Agent shall provide the Depositary
Agent and the Administrative Agent with an Officer’s Certificate confirming
that Final Completion has been achieved and shall instruct the Depositary Agent
to close the Construction Accounts (including all sub-accounts thereunder) and
transfer all funds therein to the Project Revenues Collection Account.  Upon receipt of such notification, the
Depositary Agent shall close the Construction Accounts (including all
sub-accounts thereunder) and transfer all funds therein to the Project Revenues
Collection Account.”

 

29.                                 Section 4.2(a)(v)(A) of
the Account Agreement is hereby amended and restated to read in its entirety as
follows:

 

“(A)                        the Debt Service Reserve Account the
amount set forth in the Transfer Date Certificate and certified therein to be
the amount equal to the excess, if any, of (1) the Required Debt Service
Reserve Amount as of such Monthly Transfer Date over (2) the sum of (I) the
amount then on deposit in the Debt Service Reserve Account, (II) the
undrawn amount then available under any outstanding DSRA Letter(s) of
Credit on such date, and (III) during the DSRA Loan Availability Period,
the undrawn amount then available under any outstanding DSRA Loan Commitments
on such date after giving effect to any withdrawals from the Debt Service
Reserve Account to be made on such Monthly Transfer Date; and”

 

30.                                 Section 4.5 of the Account Agreement
is hereby amended by adding the following new clause (c) at the end
thereof:

 

“(c)                            If at any time the Depositary Agent is
required to withdraw any amounts from the Debt Service Reserve Account pursuant
to the terms of this Account Agreement, the Depositary Agent shall (i) first
withdraw any monies on deposit in the Debt Service Reserve Account and, if
required pursuant to Section 5.2, make a drawing on any outstanding DSRA
Letter(s) of Credit, and (ii) to the extent that such monies
(including

 

10

 

the proceeds of any
drawing on any outstanding DSRA Letter(s) of Credit) are insufficient and provided
that no written notice from any Agent stating that an Event of Default has
occurred has been delivered to the Depository Agent pursuant to Section 6.1
(which notice has not been withdrawn by such Agent), issue a written notice to
the Administrative Agent substantially in the form of Exhibit F hereto
(the “DSRA Notice of Borrowing”), appropriately completed to specify (A) the
amount of such insufficiency and (B) the date on which the Lenders should
issue DSRA Loans in the amount of such deficiency (which shall be a Business
Day and shall not be later than the date on which such amounts are due).  For the avoidance of doubt, the issuance of
the DSRA Notice of Borrowing or withdrawal of any amounts from the Debt Service
Reserve Account shall not constitute an Event of Default.”

 

31.                                 Section 5.4
of the Account Agreement is hereby amended and restated to read in its entirety
as follows:

 

“5.4                           Calculations, etc.  When any amount is specified hereunder as
being required to be on deposit in the Debt Service Reserve Account, such
amount shall be calculated by adding (a) any monies on deposit in such
account at such date, (b) the undrawn amount then available under any
outstanding DSRA Letter(s) of Credit on such date and (c) during the
DSRA Loan Availability Period, the undrawn amount then available under any
outstanding DSRA Loan Commitments on such date. 
The Depositary Agent may conclusively rely on written advice given by
the Collateral Agent as to the amount described in clauses (b) and (c) above.”

 

32.                                 Paragraph 7 of Exhibit A (Form of
Transfer Date Certificate) to the Account Agreement is hereby amended and
restated to read in its entirety as follows:

 

“7.                                 The amount of money requested to be
transferred under this Transfer Date Certificate from the Project Revenues
Collection Account to the Debt Service Reserve Account is the amount of the
excess, if any, of (a) the Required Debt Service Reserve Amount
($                          )
as of the Monthly Transfer Date over (b) the sum of (x) the amount
then on deposit in the Debt Service Reserve Account, (y) the undrawn
amount then available under any outstanding DSRA Letter(s) of Credit on
such date, and (z) during the DSRA Loan Availability Period, the undrawn
amount then available under any outstanding DSRA Loan Commitments on such date,
after giving effect to any withdrawals from the Debt Service Reserve Account to
be made on such Monthly Transfer Date.”

 

33.                                 The Account
Agreement is hereby amended by adding a new Exhibit F in the form attached
hereto as Exhibit E.

 

34.                                 In order to
induce the Administrative Agent and the Lenders to enter into this Amendment,
each of the Borrowers agrees that this Amendment constitutes a Financing
Document.

 

35.                                 The Lenders and
Agents (collectively, the “Lender Parties”) provide this Amendment (a) without
prejudice to any of the Lender Parties’ rights under the Credit 

 

11

 

Agreement,
the other Financing Documents and/or under applicable law, all of which rights
and remedies are specifically reserved and (b) without prejudice to the
Borrowers’ continuing obligations under the Credit Agreement, all of which
remain in full force and effect.

 

36.                                 As a material
part of the consideration for the Administrative Agent, the Collateral Agent
and the Lenders entering into this Amendment, each of the Borrowers and the
Borrowers’ Agent, on behalf of itself and its officers, directors, equity
holders, Affiliates, successors and assigns, hereby releases and forever
discharges each Secured Party and their respective predecessors, officers,
managers, directors, shareholders, employees, agents, attorneys,
representatives, subsidiaries and Affiliates (each, a “Released Party”)
from any and all claims, expenses, costs, causes of action or other losses or
liabilities of any nature whatsoever, existing on the date hereof, including,
without limitation, all claims, expenses, costs, causes of action or other losses
or liabilities for or in respect of contribution and indemnity, whether arising
at law or in equity, whether liability be direct or indirect, liquidated or
unliquidated, whether absolute or contingent, foreseen or unforeseen, and
whether or not heretofore asserted, which such Borrower or Borrowers’ Agent may
have or claim to have against any Released Party under, arising out of, in
connection with, or in any way related to, this Amendment or any other
Financing Document as of the date hereof. 
For the avoidance of doubt, the provisions of this clause shall survive
any termination of this Amendment.

 

37.                                 On its own
behalf and on behalf of the other Lender Parties, the Administrative Agent
hereby expressly reserves all of the Lender Parties’ respective individual and
collective rights and remedies under the Credit Agreement, the other Financing
Documents and applicable law, including, without limitation, with respect to
the existence of any Defaults or Events of Default under the Credit Agreement
not waived hereunder, and the remedies available under Section 7.2(b) thereof.  The Lender Parties (a) have not waived
and do not intend to waive any existing Defaults or Events of Default under the
Credit Agreement of
which the Lender Parties are not aware or any future Defaults or
Events of Default under the Credit Agreement, and (b) are not obligated in
any way, and have not agreed, to “stand still” or in any respect forbear from
individually or collectively enforcing rights or remedies under the Credit
Agreement, any other Financing Document or under any applicable law, all of
which rights and remedies are expressly reserved by the Lender Parties.  No oral communication, course of conduct,
past or future forbearance on the part of any of the Lender Parties should be
viewed as a limitation upon or waiver of the absolute right and privilege of
the Lender Parties in exercising remedies that may in the future exist, and any
single or partial exercise of any right or remedy under the Financing Documents
shall not preclude any other or further exercise thereof or the exercise of any
other right or remedy.

 

38.                                 Pursuant to Section 9.12(a) of
the Credit Agreement, the Administrative Agent and the Lenders that are
signatories to this Amendment hereby approve the amendments to the Credit
Agreement set forth in this Amendment and the amendments to the Account
Agreement set forth in this Amendment.

 

39.                                 Pursuant to Section 9.12(a) of
the Credit Agreement and Section 10.1 of the Account Agreement, the
Lenders hereby authorize and direct the Administrative Agent and the Collateral
Agent, and the Administrative Agent (acting at the direction of the Lenders)
hereby authorizes and directs the Collateral Agent, to execute and deliver this
Amendment and any other 

 

12

 

documents which may be reasonably necessary to give effect to the
amendments and consents contained in this Amendment.

 

40.                                 Except as
expressly amended hereby, all terms and conditions contained in the Credit
Agreement and all other Financing Documents shall remain unchanged and in full
force and effect in accordance with their respective terms.

 

41.                                 THIS AMENDMENT
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK WITHOUT REGARD TO THE CONFLICT OF LAW RULES THEREOF (OTHER THAN SECTION 5-1401
OF THE NEW YORK GENERAL OBLIGATIONS LAW).

 

42.                                 This Amendment
shall become effective as of the date first written above (the “Effective
Date”) upon the following conditions having been fully satisfied:

 

(a)                                  the Lenders,
the Borrowers, the Borrowers’ Agent, the Collateral Agent, the Depositary Agent
and the Administrative Agent shall have executed and delivered (including by
way of facsimile or electronic “pdf” format) to the Administrative Agent duly executed
counterparts of this Amendment, and

 

(b)                                 the Conversion
Date shall have occurred under the Credit Agreement.

 

13

 

IN WITNESS WHEREOF, the parties hereto, by their
officers duly authorized, have caused this Amendment to be duly executed and
delivered as of the date first above written.

 

 

	
  BFE OPERATING COMPANY,
  LLC,

  	
   

  
	
  as Borrower

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  BUFFALO LAKE ENERGY, LLC,

  	
   

  
	
  as Borrower

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  PIONEER TRAIL ENERGY, LLC,
  as

  	
   

  
	
  Borrower

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  BFE OPERATING COMPANY,
  LLC,

  	
   

  
	
  as Borrowers’ Agent

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 

Accepted
and Consented:

 

	
  BNP PARIBAS, as Lender

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  STANDARD CHARTERED BANK,

  	
   

  
	
  as Lender

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  AGFIRST FARM CREDIT BANK,

  	
   

  
	
  as Lender

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  FARM CREDIT SERVICES OF
  AMERICA,

  	
   

  
	
  as Lender

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 

	
  GREENSTONE FARM CREDIT
  SERVICES,

  ACA/FLCA, as Lender

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  METROPOLITAN LIFE
  INSURANCE

  COMPANY, as Lender

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  AMARILLO NATIONAL BANK,

  	
   

  
	
  as Lender

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  FARM CREDIT BANK OF TEXAS,

  	
   

  
	
  as Lender

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 

	
  COÖPERATIEVE CENTRALE 

  RAIFFEISEN-BOERENLEENBANK B.A.,

  “RABOBANK INTERNATIONAL”, NEW

  YORK BRANCH,

  	
   

  
	
  as Lender

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  FIRST NATIONAL BANK OF
  OMAHA,

  as Lender

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  CIFC Funding 2006-IB,
  LTD., as Lender

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  CIFC Funding 2006-II,
  LTD., as Lender

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  CIFC Funding 2006-III,
  LTD., as Lender

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 

	
  DEUTSCHE BANK TRUST
  COMPANY

  	
   

  
	
  AMERICAS, as Collateral
  Agent and

  Depositary Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  BNP PARIBAS, as Administrative Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 

EXHIBIT A

 

PROFESSIONAL ADVISORS’ FEES

 

	
  Baird Holm LLP:

  	
   

  	
  $

  	
  36,000

  	
   

  
	
  Carl Marks Advisory Group LLC:

  	
   

  	
  $

  	
  413,240

  	
   

  
	
  Kramer Levin Naftalis & Frankel LLP:

  	
   

  	
  $

  	
  147,272

  	
   

  
	
  Lindquist & Vennum PLLP:

  	
   

  	
  $

  	
  84,000

  	
   

  
	
  Luminate, LLC:

  	
   

  	
  $

  	
  21,570

  	
   

  
	
  White & Case LLP:

  	
   

  	
  $

  	
  610,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Total:

  	
   

  	
  $

  	
  1,312,082

  	
   

  

 

 

EXHIBIT B-1

 

BUFFALO LAKE CONSTRUCTION BUDGET

 

	
  Water Treatment Improvement:

  	
   

  	
  $

  	
  780,658

  	
   

  
	
  Water Treatment Tank Enclosure:

  	
   

  	
  $

  	
  360,000

  	
   

  
	
  Centrifuge & deck vibration and venting:

  	
   

  	
  $

  	
  323,038

  	
   

  
	
  Sulfuric acid lines/redo:

  	
   

  	
  $

  	
  43,468

  	
   

  
	
  Loadout pump:

  	
   

  	
  $

  	
  25,000

  	
   

  
	
  Mole Sieve Vacuum Piping:

  	
   

  	
  $

  	
  40,000

  	
   

  
	
  Video Camera for DDGS loadout:

  	
   

  	
  $

  	
  30,000

  	
   

  
	
  Water Hammer Piping Repair:

  	
   

  	
  $

  	
  120,000

  	
   

  
	
  Security and Surveillance System:

  	
   

  	
  $

  	
  75,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Total:

  	
   

  	
  $

  	
  1,797,164

  	
   

  

 

 

EXHIBIT B-2

 

PIONEER TRAIL CONSTRUCTION BUDGET

 

	
  Centrifuge & Deck Vibration:

  	
   

  	
  $

  	
  312,896

  	
   

  
	
  Sulfuric Acid Lines/redo:

  	
   

  	
  $

  	
  58,374

  	
   

  
	
  Mole Sieve Vacuum Repair:

  	
   

  	
  $

  	
  18,246

  	
   

  
	
  Video Camera for DDGS loadout:

  	
   

  	
  $

  	
  30,000

  	
   

  
	
  Wet Feed Wall and Road Repair:

  	
   

  	
  $

  	
  75,000

  	
   

  
	
  Security and Surveillance System:

  	
   

  	
  $

  	
  50,000

  	
   

  
	
  Dryer Sump Pump:

  	
   

  	
  $

  	
  25,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Total:

  	
   

  	
  $

  	
  569,516

  	
   

  

 

 

EXHIBIT B-3

 

OPERATING BUDGET

 

[Separately attached]

 

 

EXHIBIT C

 

APPENDIX B

to

Credit Agreement

SCHEDULED PRINCIPAL PAYMENTS

 

	
  PRINCIPAL
  PAYMENT DATE

  	
   

  	
  AMOUNT

  	
   

  
	
  First Quarterly Date after the Conversion Date(1)

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Second Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Third Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Fourth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Fifth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Sixth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Seventh Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Eighth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Ninth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Tenth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Eleventh Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Twelfth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Thirteenth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Fourteenth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Fifteenth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Sixteenth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Seventeenth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Eighteenth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Nineteenth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Twentieth Quarterly Date after the Conversion Date

  	
   

  	
  $

  	
  3,150,000

  	
   

  
	
  Twenty-first Quarterly Date after the Conversion Date

  	
   

  	
  the principal amount of any Term Loans (including DSRA Loans)
  outstanding as of such date

  	
   

  

 

(1) For
the avoidance of doubt, the first Principal Payment Date will be September 30,
2009.

 

 

EXHIBIT D

 

ANNEX I

to

Credit Agreement

 

COMMITMENTS

 

	
  Lender

  	
   

  	
  Buffalo
  Lake

  Construction

  Loan

  Commitment

  	
   

  	
  Pioneer
  Trail

  Construction

  Loan

  Commitment

  	
   

  	
  DSRA
  Loan

  Commitment

  	
   

  	
  Term
  Loan

  Commitment

  	
   

  	
  Working
  Capital

  Loan

  Commitment

  	
   

  
	
  AgFirst Farm Credit Bank

  	
   

  	
  $

  	
  18,299,819.40

  	
   

  	
  $

  	
  14,316,934.37

  	
   

  	
  $

  	
  1,600,634.89

  	
   

  	
  $

  	
  34,217,388.67

  	
   

  	
  $

  	
  4,000,000

  	
   

  
	
  Amarillo National Bank

  	
   

  	
  $

  	
  4,773,865.93

  	
   

  	
  $

  	
  3,734,852.45

  	
   

  	
  $

  	
  417,556.93

  	
   

  	
  $

  	
  8,926,275.31

  	
   

  	
  $

  	
  1,000,000

  	
   

  
	
  BNP Paribas

  	
   

  	
  $

  	
  3,447,792.03

  	
   

  	
  $

  	
  2,697,393.41

  	
   

  	
  $

  	
  301,568.89

  	
   

  	
  $

  	
  6,446,754.32

  	
   

  	
  $

  	
  1,000,000

  	
   

  
	
  Farm Credit Bank of Texas

  	
   

  	
  $

  	
  20,209,365.76

  	
   

  	
  $

  	
  15,810,875.34

  	
   

  	
  $

  	
  1,767,657.66

  	
   

  	
  $

  	
  37,787,898.77

  	
   

  	
  $

  	
  4,400,000

  	
   

  
	
  Farm Credit Services of America

  	
   

  	
  $

  	
  9,547,731.85

  	
   

  	
  $

  	
  7,469,704.88

  	
   

  	
  $

  	
  835,113.86

  	
   

  	
  $

  	
  17,852,550.59

  	
   

  	
  $

  	
  2,000,000

  	
   

  
	
  First National Bank of Omaha

  	
   

  	
  $

  	
  12,199,879.59

  	
   

  	
  $

  	
  9,544,622.91

  	
   

  	
  $

  	
  1,067,089.93

  	
   

  	
  $

  	
  22,811,592.43

  	
   

  	
  $

  	
  2,000,000

  	
   

  
	
  GreenStone Farm Credit Services, ACA/FLCA

  	
   

  	
  $

  	
  6,577,326.40

  	
   

  	
  $

  	
  5,145,796.71

  	
   

  	
  $

  	
  575,300.66

  	
   

  	
  $

  	
  12,298,423.77

  	
   

  	
  $

  	
  1,600,000

  	
   

  
	
  Metropolitan Life Insurance Company

  	
   

  	
  $

  	
  10,608,590.95

  	
   

  	
  $

  	
  8,299,672.09

  	
   

  	
  $

  	
  927,904.29

  	
   

  	
  $

  	
  19,836,167.33

  	
   

  	
  $

  	
  0

  	
   

  
	
  Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank
  International”, NEW YORK BRANCH

  	
   

  	
  $

  	
  9,547,731.85

  	
   

  	
  $

  	
  7,469,704.88

  	
   

  	
  $

  	
  835,113.86

  	
   

  	
  $

  	
  17,852,550.59

  	
   

  	
  $

  	
  2,000,000

  	
   

  
	
  Standard Chartered Bank

  	
   

  	
  $

  	
  9,547,731.85

  	
   

  	
  $

  	
  7,469,704.88

  	
   

  	
  $

  	
  835,113.86

  	
   

  	
  $

  	
  17,852,550.59

  	
   

  	
  $

  	
  2,000,000

  	
   

  
	
  CIFC Funding 2006-IB, LTD

  	
   

  	
  $

  	
  1,408,953.49

  	
   

  	
  $

  	
  1,102,300.21

  	
   

  	
  $

  	
  123,237.29

  	
   

  	
  $

  	
  2,634,490.99

  	
   

  	
  $

  	
  0

  	
   

  
	
  CIFC Funding 2006-II, LTD.

  	
   

  	
  $

  	
  2,610,707.94

  	
   

  	
  $

  	
  2,042,497.44

  	
   

  	
  $

  	
  228,351.45

  	
   

  	
  $

  	
  4,881,556.82

  	
   

  	
  $

  	
  0

  	
   

  
	
  CIFC Funding 2006-III, LTD

  	
   

  	
  $

  	
  2,610,707.94

  	
   

  	
  $

  	
  2,042,497.44

  	
   

  	
  $

  	
  228,351.45

  	
   

  	
  $

  	
  4,881,556.82

  	
   

  	
  $

  	
  0

  	
   

  
	
  TOTAL:

  	
   

  	
  $

  	
  111,390,205.00

  	
   

  	
  $

  	
  87,146,557.00

  	
   

  	
  $

  	
  9,742,995.00

  	
   

  	
  $

  	
  208,279,757.00

  	
   

  	
  $

  	
  20,000,000.00

  	
   

  

 

 

EXHIBIT E

 

EXHIBIT F

to

Collateral Account
Agreement

 

[FORM
OF DSRA NOTICE OF BORROWING]

 

DSRA NOTICE OF BORROWING

 

[Date]

 

BNP Paribas,

as Administrative Agent for the Lenders party

to the Credit Agreement referred to below

787 Seventh Avenue

New York, NY 10019

Attention: 
Barrette Palmer

 

Ladies and Gentlemen:

 

The undersigned, Deutsche Bank Trust Company Americas,
as Depositary Agent, refers to the Collateral Account Agreement, dated as of
September 25, 2006, among BFE Operating Company, LLC (“Opco”), Buffalo
Lake Energy, LLC (“Buffalo Lake”), Pioneer Trail Energy, LLC (“Pioneer
Trail” and together with Opco and Buffalo Lake, the “Borrowers”),
Opco, as the Borrowers’ Agent, Deutsche Bank Trust Company Americas (the “Collateral
Agent”), and Deutsche Bank Trust Company Americas (the “Depositary Agent”)
(such Collateral Account Agreement, as amended, supplemented or modified and in
effect from time to time, the “Account Agreement”), and hereby gives you
notice pursuant to Section 4.5(c) of the Account Agreement, that the
undersigned hereby requests a Borrowing of DSRA Loans under the Credit
Agreement (as defined in the Account Agreement), and in that connection sets
forth below the information relating to such Borrowing (the “Proposed
Borrowing”) as required by Section 4.5(c) of the Account Agreement:

 

(i)     The
Business Day of the Proposed Borrowing is
                        ,
        .

 

(ii)    The
aggregate principal amount of the Proposed Borrowing is
[                  ]
Dollars ($[                    ]).

 

Capitalized terms used herein and not otherwise
defined have the respective meanings set forth in the Account Agreement and/or
the Credit Agreement.

 

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
  Deutsche Bank
  Trust Company Americas,

  
	
   

  	
  as Depositary Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]