Document:

exv10w5

 

Exhibit 10.5

May 20, 2005

Mr. Don Sargeant

Agassiz Energy, LLC

			
	RE:	 	Memorandum of Understanding for 50 MMGY Ethanol Plant in Erskine, Minnesota
Preconstruction Services/Design Development and EPC Contract intent between the
Bio-Renewable Group and Agassiz Energy, LLC.

Dear Mr. Sargeant:

Agassiz Energy, L.L.C. (hereinafter referred to as Agassiz) is currently in the process of
developing an ethanol production facility having a design capacity of 50 million gallons of ethanol
per year including DDGS and C02 as co-products utilizing corn and Barley as the feed stock to be
constructed in Erskine, Minnesota (the “Project”). Agassiz is agreeable in principle to having
Wanzek Construction, Inc. (hereinafter referred to as “Bio-Renewable Group”) perform engineering,
procurement, construction (“EPC”) and related services for the Project.

The Bio-Renewable Group, in partnership with Vogelbusch USA and others, has process, design and
construction experience and expertise in the areas of ethanol production. The Bio-Renewable Group
has designed and/or constructed multiple ethanol production facilities in the United States.

As a result of discussions between their respective representatives, Agassiz and the Bio-Renewable
Group agree that it would be mutually advantageous to define and enter into a commercial
relationship for the engineering, procurement and construction of the Project. However, the first
order of business is investigate getting permits issued for the facility. Therefore, the
Bio-Renewable Group has submitted a separate letter quoting services related to providing
information to Agassiz and its consultant NRG to assist in permitting. This Memorandum of
Understanding further defines the intent of the parties to ultimately enter into an EPC contract
should the project move forward. This Memorandum of Understanding and Attachment” are tied as one
document. Should the project proceed beyond the initial permitting phase, then the terms of such
relationship between The Bio-Renewable Group and Agassiz are expected to be mutually negotiated by
the parties. At the present time, each of the parties is seriously contemplating the following
agreements as set forth in this Memorandum of Understanding (“MOU”).

	 	A.	 	RESPONSIBILITIES OF AGASSIZ:

Agassiz will undertake to consummate the contracts necessary to achieve financial closing
of the Project and such other efforts including but not limited to the following:

	 	1.	 	Secure financing from an established project lender or syndicate of
lenders, which shall include funds for an EPC contract having a fixed total lump sum value of
approximately $80 million (preliminary budget only).
	 
	 	2.	 	Establish and maintain an organizational structure for the purpose of
developing the Project and conducting the activities necessary to bring the Project to financial
closing.
	 
	 	3.	 	Submit the necessary permit applications for the Project to the proper
authorities for approval. We understand Agassiz will be employing the services of the Natural
Resource

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

	 	 	 	Group Inc. for permitting especially related to the coal aspect in
Minnesota. Secure any and all other environmental and storm water permits for the
site.
	 
	 	4.	 	Conclude contracts for management, operation and maintenance, energy
and feedstock supply and off-take of products.
	 
	 	5.	 	Make or secure the necessary equity contributions to the Project
as determined by Agassiz and its lenders.
	 
	 	6.	 	Negotiate and conclude an EPC contract with the Bio-Renewable Group to
be signed at financial closing for a plant with a design capacity of 50 million gallons of
ethanol per year including DDGS and C02 as co-products (the “Plant”) and have its Energy from a
Fluidized bed coal fired energy center in lieu of natural gas and Barley as an
additional
partial feedstock.
	 
	 	7.	 	Deliver the site in accordance with the project schedule,
water/utilities, interconnection, and operators for training and start up, provide owner’s representative, and provide Owner’s permits, all in accordance with the EPC contract.

	 	B.	 	RESPONSIBILITIES OF THE BIO-RENEWABLE GROUP: (**ASBIPE)

The Bio-Renewable Group agrees to assist Agassiz in its efforts to evaluate the Project and
will undertake to do the following:

	 	1.	 	Perform certain preliminary engineering and design services for the Plant.
	 
	 	2.	 	Conclude an EPC contract with Agassiz for the Plant currently with a
preliminary budget of $80 million.
	 
	 	3.	 	Develop a project schedule of approximately 14 to 16 months from notice
to proceed for the engineering and construction of the Plant. Liquidated damages for delay will be
negotiated by the parties, subject to a maximum amount. An early completion bonus
will also be negotiated.
	 
	 	4.	 	Establish with Agassiz performance criteria for the Plant to achieve,
together with a schedule of liquidated damages in the event of under performance. Offsets of certain performance parameters will be negotiated by the parties.
	 
	 	5.	 	Provide to Agassiz periodic updates of the Bio-Renewable Group’s
development activities.
	 
	 	6.	 	Assist Agassiz during the Project execution by making
recommendations for project personnel.
	 
	 	7.	 	Provide for necessary technical and administrative support to
Agassiz for required permits it will secure. Provide permits required for construction.
	 
	 	8.	 	Assist and participate in local community meetings by presenting
information regarding the Bio-Renewable Group, the Project, the Plant, the Bio-Renewable Group’s involvement in the Project and general information regarding the ethanol industry.
	 
	 	9.	 	Assist Agassiz in the analysis and selection of an appropriate site for
the Plant. (Already Selected)
	 
	 	10.	 	Assist Agassiz in the drafting of provisions regarding the Bio-Renewable Group, its
licensors, and the EPC services for the Plant in connection with the Agassiz
private placement memorandum and prospectus.

** all of the above items are additional services beyond initial permitting effort outlined in
attachment “A”

IT IS INTENDED THAT THE EPC CONTRACT WILL INCLUDE: (**ASBIPE)

	 	S	 	A limitation on liquidated damages for either schedule or performance.
	 
	 	 S	 	A total cumulative limitation of liability of the Bio-Renewable
Group that is acceptable to the Bio Renewable Group.
	 
	 	 S	 	A mutual exclusion of consequential and similar damages.
	 
	 	 S	 	Alternative dispute resolution procedures.
	 
	 	 S	 	Assist Agassiz in developing an operation and maintenance plan,
which will include a periodic review of the plans, execution, and notification to
lender of discrepancies. Fees for the operation and maintenance services are to be
mutually negotiated under a separate operation and maintenance contract if
applicable.
	 
	 	 S	 	Provide training on the operation and commissioning of the Plant.
	 
	 	 S	 	Ethanol Process Technology by Vogelbusch U.S.A., Inc. (Vogelbusch)
with the owner establishing and approving the design criteria for the work,
including the conceptual design, process flow, selection of process technology and
equipment, and equipment

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

	 	 	 	layout to plan, design, construct and equip the ethanol production facility.
The Bio-Renewable Group will administer the Technology license with Vogelbusch
during the EPC construction phase. The Bio-Renewable Group will transfer
administration of the Technology License to Agassiz upon successful completion of
performance testing. Terms and conditions to be provided by Vogelbusch.
	 
	 	 S	 	Payment terms acceptable to the Bio-Renewable Group. A down payment and monthly
progress payments would be required. More definitive payment term descriptions
would be negotiated.
	 
	 	 S	 	Bonding. The Bio-Renewable Group will provide a 100% payment and performance bond to Agassiz
upon execution of the EPC contract. Said bond will remain in effect throughout the one-year
warranty period established for the project.

** all of the above items are additional services beyond initial permitting effort outlined in attachment “A”

C. DEFINITIVE AGREEMENTS TO BE NEGOTIATED

	 	1.	 	The definitive EPC contract will be negotiated by the parties
consistent with the terms described above, and would include other terms customarily included in similar
agreements of those types. The EPC contract would include engineering, design,
procurement, construction, operator training, start-up assistance, testing and
turnover of the facility to Owner.
	 
	 	2.	 	Except for Section D, E, F, and G, this MOU is not binding or legally
enforceable and imposes no obligations upon and grants no rights to Agassiz or the Bio-Renewable
Group with respect to the matters covered in this letter, it being intended that all
such obligations and rights shall be contained in binding, definitive agreements signed
by the parties.

D. REIMBURSEMENT OF EXPENSES

	 	1.	 	The total fee for Preconstruction Services/Design Development Related
to permitting is $160,000 as outlined in our letter dated May 17, 2005. This letter would form
attachment “A” to this Memorandum of Understanding. This fee will be due 50% down and 25% after
50% complete and the remaining 25% at completion. Progress payments all payable in
30 days. Financial model information per attachment “B” will be an additional
$12,000.
	 
	 	2.	 	Should Agassiz choose to develop or pursue a relationship with a
company other than the Bio-Renewable Group to provide the preliminary engineering or EPC services or
select another group for actual EPC service (or construction or engineering services
for the Project) or intentionally fail or refuse to perform its commitments contained in
this MOU prior to the expiration of the term of this MOU, then Agassiz shall reimburse
the Bio-Renewable Group for the Lump Sum amount of $ 160,000 for
Preconstruction/Design Development Services related to permitting (as outlined above)
plus an additional lump sum cancellation fee of $85,000 and all additional expenses
the Bio-Renewable Group has incurred in connection with the Project plus all third party
costs incurred from the date of this MOU. The cancellation fee will not be due if
the project does not ever get funded or go forward. Cancellation fees of $85,000 will be
due if Agassiz proceeds with another EPC contractor or technology provider in addition to
the $160,000 permitting assistance efforts and all other expenses.
	 
	 	 	 	These expenses include but are not limited to labor rates and reimbursable expenses
such as legal charges for document review and preparation, travel expenses,
reproduction costs, long distance phone costs, and postage. In the event the
Bio-Renewable Group’s services are terminated by Agassiz all fees are immediately
payable to the Bio Renewable Group and title to the technical data, which may
include preliminary engineering drawings and layouts and proprietary process related
information prepared by the Bio-Renewable Group, shall remain with the Bio-Renewable
Group. If the Bio Renewable Group enters into an EPC contract with Agassiz, these
expenses will be applied and reduced from the EPC price.
	 
	 	 	 	Should Agassiz want the Bio Renewable Group to do a more detailed design and
development in preparation of an EPC contract price and prepare a lump sum EPC
bid.

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

	 	 	 	an additional $210,000 will be required for “additional services beyond
initial permitting effort”. The additional scope for these services is noted on
Attachment “A” with an asterisk ** as additional services beyond initial permitting
effort (**ASBIPE)or on this memorandum with an asterisk** as addition services
beyond permitting effort(**ASBlPE) Again, if the Bio-Renewable Group enters into
an EPC contract with Agassiz, these expenses shall also be applied and reduced from
the EPC price.

E. GOVERNING LAW, DISPUTE RESOLUTION AND RELATED MATTERS

	 	1.	 	In the event of a dispute arising out of or relating to this MOU or the
services to be rendered hereunder, the Bio-Renewable Group and Agassiz agree to attempt to resolve
such disputes through direct negotiations. If such negotiations are not successful,
then the parties agree to attempt to resolve any remaining dispute by formal, nonbinding
mediation conducted in accordance with rules and procedures to be agreed upon by the
parties. If such dispute is not resolved within 30 days by mediation, then the
parties may submit the dispute to binding arbitration to be conducted in accordance with the
Commercial Arbitration Rules of the American Arbitration Association.
	 
	 	2.	 	This MOU is made under and shall be constructed and enforced in
accordance with the laws of the State of Minnesota.
	 
	 	3.	 	In no event shall either party be liable to the other for any form of
indirect, incidental, consequential or special damages under or relating to this MOU or resulting from the
services performed under this MOU, whether based on contract, warranty, tort
(including negligence of any nature), strict liability or otherwise.
	 
	 	4.	 	Nothing in this MOU shall restrict or prohibit either party from
seeking or obtaining injunctive relief in any court of competent jurisdiction with respect to the
confidentiality set forth in Section G below.

F. DURATION

	 	1.	 	This MOU will be in effect for a period of one (1) year after the
date hereof. Either Agassiz or the Bio-Renewable Group may terminate this MOU upon
30 days written notice to the other at the end of such period; and if no such
notice is given, then this MOU shall continue in effect for successive periods of
six months until a 30 days written notice of termination is given prior to the end
of any such six-month extended term. However, Agassiz will still owe the
Bio-Renewable Group the fees as outlined in item D above for the services for which
it was retained if this agreement is terminated.

G. CONFIDENTIALITY

	 	1.	 	The Receiving Party (Agassiz or the Bio-Renewable Group, as the
case may be), for itself and its employees and agents, agrees to hold in strict
confidence and not to disclose to any third party except as permitted under
Section G-4 below, and shall not use for any purpose other than in connection with
the activities described in Section A above, any confidential or proprietary
information of the Disclosing Party (Agassiz or the Bio-Renewable Group, as the
case may be) or its affiliates (“Confidential Information”) disclosed to or
acquired by the Receiving Party prior to and during the term of this MOU.
	 
	 	 	 	Confidential Information includes, but it not limited to, business information,
information concerning plant and equipment designs, flow sheets, drawings,
processing equipment and requirements, processing conditions, reactants,
ingredients, raw materials, material balances, intermediate and processed product or
by-product and other matters generally pertaining to the Disclosing Party’s
products, processes and business activities.
	 
	 	 	 	Confidential Information also includes samples of materials that are, or relate,
such reactants, ingredients, materials and intermediate and processed products or
byproducts, which may be provided to the Receiving Party as well as any information
generated by the Disclosing Party such as samples. Confidential Information may be

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

	 	 	 	disclosed orally or in writing or may be learned during visits to or work
at the Disclosing Party’s facilities.
	 
	 	2.	 	The Receiving Party’s obligations of confidentiality and restricted use
shall not apply to information which: (a) is at the time of the disclosure in the public domain or
becomes part of the public domain by publication or otherwise through no fault of the
Receiving Party and its employees and agents; (b) at the time of the disclosure was in the
Receiving Party’s possession as shown by written records and was obtained from a
source other than the Disclosing Party on a non-confidential basis by a third party
entitled to disclose it, provided that the Receiving Party uses its best efforts to identify
Confidential Information that may be offered by such third party and inform the
Disclosing Party thereof; (c) is permitted by the Disclosing Party to be disclosed or used by
the Receiving Party provided such permission is first obtained in writing from an officer
of the Disclosing Party; (d) is required to be disclosed in connection with any governmental
body, or by law or regulation, including, without limitation, state and federal
securities laws and regulations.
	 
	 	3.	 	The Receiving Party shall not be relieved of its obligations of
confidentiality because Confidential Information is embraced by more general information that falls within
any one or more of the foregoing exclusions, nor shall any combination of items of
Confidential Information be deemed to be within the exclusions merely because
individual items of information are within the exclusions.
	 
	 	4.	 	The Receiving Party will limit access to Confidential Information to
those of the Receiving Party’s employees, agents, representatives, consultants, prospective investors and/or
lenders for the Project, who need to have such information for the purposes
contemplated in this MOU. The Receiving Party will inform such persons of the
obligations of the Receiving Party hereunder and will require such persons to assume
obligations of confidence and restricted use consistent with those set forth herein.
	 
	 	5.	 	No license, express or implies, to use in any manner any Confidential
Information or any patents, processes or know-how of the Disclosing Party, is granted by the Disclosing
Party to the Receiving Party hereunder except as expressly set forth herein.
	 
	 	6.	 	Under no circumstances shall the Receiving Party use in any manner any
proprietary process related Confidential Information in the event an EPC contract is not
concluded as contemplated in this MOU.

Attachments to this contract include Attachment “A” Proposal for preconstruction
services/design development related to permitting efforts.

If you are agreeable to proceeding on the foregoing basis, please confirm your agreement by signing
and returning to us the enclosed copy of this letter.

Sincerely,

Jon L. Wanzek

Executive Vice President

Wanzek Construction Inc.

	 	 	 	 	 	 	 
	 

	 	Dated
	 	/s/ Jason Kaufman
	 	 
	 

	 	 	 	 	 	 

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

Accepted by:

	 	 	 	 	 	 	 
	Name	 	/s/ Donald Sargeant	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Agassiz Energy LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	Dated
	 	May 23, 2005	 	 

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

Exhibit
10.5

May 20,  2005

Mr. Don Sargeant

Agassiz Energy, LLC

2900 University Av

Crookston, MN 56716

			
	RE:	 	Proposal for Preconstruction Services/Design Development related to permitting
efforts only for a 50 MMGY Ethanol Plant located in Erskine, Minnesota.

			
		 	Attachment “A” to Memorandum of Understanding dated May 20, 2005

Dear Mr. Sargeant:

The
Bio-Renewable Group (BRG) is pleased to submit this proposal for Preconstruction Services/Design Development related to permitting efforts for your proposed ethanol facility in
Erskine, Minnesota. It is understood that this facility will incorporate dry milling technology and
use corn and barley as feed stock and also employ a fluidized bed coal energy center.

The Bio-Renewable Group in conjunction with Vogelbusch USA has extensive process, design and
construction experience in ethanol production and has designed and constructed similar facilities
across the United States. In fact, the Bio-Renewable Group using Vogelbusch technology is the
premier supplier of process engineering for the fuel ethanol industry. Of all operating fuel
alcohol plants in the United States and Canada, more are employing Vogelbusch technology than any
other. Plants using Vogelbusch technology currently produce over 700 million gallons of ethanol
per year.

As the leader in the supply of fermentation alcohol technology, and with expertise in Barley
as an additional feedstock, Vogelbusch is the best choice of “Know-How” available today.

The Bio-Renewable Group is an Engineer Procure Construct (EPC) Entity and would ultimately
provide Agassiz Energy with a Single-Source Lump Sum EPC Contract to design and construct your
facility. Simply summarized, the Bio-Renewable Group has the ability to manage projects of any
size with the required resources to get the job done using an industry proven process technology.

In order for Agassiz Energy to move forward and determine if the plant should proceed, additional
information will be needed. This Proposal for Preconstruction Services/Design Development will
describe some of the additional information that the Bio-Renewable Group can provide which will
aid Agassiz Energy, LLC in its permitting process and evaluating the project.

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

PRECONSTRUCTION SERVICES/DESIGN DEVELOPMENT SCOPE FOR PERMITTING EFFORT ONLY

	S	 	Preliminary engineering and design services for the ethanol plant and coal energy system
to aid in permitting data. (preliminary layouts, site plan, only)
	 
	 S	 	Utility summary (Steam, cooling water, chilled water, electricity)
	 
	 S	 	Chemical and Enzyme consumption data.
	 
	 S	 	Process Guarantee figures for Capacity, Yield & Energy consumption (Corn only)
	 
	 S	 	Develop a Construction Schedule of approximately 14-16 months from the notice to proceed
for the engineering and construction of the plant. Any liquidated damages for delay will be
negotiated by the parties, subject to a maximum amount. An early completion bonus will also be
negotiated.(**ASBIPE)
	 
	 S	 	Typical 50 MMGY Ethanol Plant layout for the proposed site, a building site plan, and also
preliminary Coal Handling and Fluidized Bed Coal Fired Energy Center layout and specifications
including the Boiler Emissions Specifications. Basic information for permitting only. Additional
detailed information (**additional services beyond initial permitting
effort – “ASBIPE”)
	 
	 S	 	All of the items in this proposal are preliminary information only and air permit application
only.
	 
	 S	 	Prepare financial information (limited to scope per attachment “B” below, cost not
included in quote, additional fee of $12,000 would apply)
	 
	 S	 	Overall Block Flow Diagram including major material balances and utility requirements for
each area (** additional services beyond initial permitting effort
– “ASBIPE”)
	 
	 S	 	Estimated fixed price EPC contract amount for entire project (** “ASBIPE”)
	 
	 S	 	Preliminary engineering and design services for the ethanol and coal energy system(grain
milling, preparation and mashing, continuous fermentation, distillation, molecular sieve
dehydration, evaporation, stillage, decanting, DDGS drying including thermal oxidizer,, CIP
and chemicals, grain storage, coal handling and fluidized bed combustor, ethanol storage and
loading, DDGS storage and loading, utilities (** “ASBIPE”)

The Bio-Renewable Group, in order to develop the EPC price, would also develop Process Flow
Diagrams (PVD’s), Process and Instrumentation Diagrams (P&ID’s), Line Lists, Detailed Equipment
Lists and Equipment Specifications. These items would be used internally only for developing the
EPC pricing and would not be turned over to Agassiz Energy, LLC until the EPC contract is
awarded or for an additional fee. Vogelbusch USA has specific Engineering and Know-How Fees that
would be incorporated into the EPC price. (** “ASBIPE”)

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

PERMIT INFORMATION:

We can provide information for use in initial EPA permit preparation. This will include
material balances around emission control equipment and a summary of emission points. Simplified
process schematics will be developed. We will provide the following backup information for the
air permit applications:

	 S	 	Detailed specified emissions from Fermentation and Distillation vent scrubbers, including
packing data and efficiencies.
	 
	 S	 	Simulated emissions from the DDGS drier as input to the integrated TO. Final emission
figures from vendor.
	 
	 S	 	Alcohol Storage emissions (per EPA Tanks 4.0 program)
	 
	 S	 	Alcohol Load out emissions (per AP-42, Section 5.2.2)
	 
	 S	 	Fugitive emissions (per EPA-453/R-95-017)
	 
	 S	 	Waste water flow rates, estimated COD and TSS values and breakdown of components in waste water.
	 
	 S	 	Grain Receiving and Grain Storage Emission Information (AP-42, Section 9.9.1)
	 
	 S	 	Hammer Mill Emission Information
	 
	 S	 	DDGS Storage Emission Information (AP-42, Section 9.9.1)
	 
	 S	 	Wet Cake Storage Emission Information
	 
	 S	 	Cooling Tower Emission Information
	 
	 S	 	Boiler Emission Information and/or fluid bed coal burner system
	 
	 S	 	DDGS Dryer Emission Information — with Vogelbusch and Thermal Oxidizer Vendor Support
	 
	 S	 	Load-out Flare Emission Information — with Vogelbusch and Flare Vendor Support
	 
	 S	 	Emergency Equipment Emission Information

The Bio-Renewable Group would not provide permit application documentation, draft permit
preparation, coal plant related permitting, fact sheet preparation, or Modeling of the site or
actual permitting efforts. Should the client require air permit application preparation
including these services, we would require additional fees. Agassiz energy, LLC had indicated the
Natural Resources Group, Inc. was their preferred entity for permitting efforts. We would be
happy to assist them with the information outlined above.

Bio-Renewable Group Total fee for Preconstruction Services/Design Development related to
permitting efforts only including information for permitting: $160,000

This proposal is attachment “A” to the Memorandum of Understanding Dated May, 18 2005. Both
documents have to be executed and signed together.

Please note the items noted as **ASBIPE are not included in the services related to permitting
budgeted above but would be provided at an additional charge as noted in the Memorandum of
Understanding dated 5-18-05.

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@.biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

Thank you for allowing the Bio-Renewable Group to submit this proposal. We are confident we
will provide Agassiz Energy, LLC with a world class ethanol facility.

	 	 	 	 	 	 	 
	Sincerely,

	 	 
	 	 
	 	 
	 

	 	 
	 	Accepted By: /s/
Donald Sargeant
	 

	 	 	 	 

	 	 	 	 	Agassiz Energy/LLC
	 
	 	 	 	 	 	 
	Jon L. Wanzek

	 	 	 	Dated: 5/23/05
	 	 
	 

	 	 	 	
 
	 	 
	Executive Vice President
	 	 	 	 	 	 
	Bio-Renewable Group/Wanzek Construction, Inc.
	 	 	 	 	 	 

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

ATTACHMENT “B” Vogelbusch Financial Modeling Scope — Additional Cost of $12,000 (See below
for scope)

We have developed our own program for financials. I attach a table of contents which lists the
type of documents we would produce. Obviously we have to confirm some inputs, but would use the
majority of assumptions listed in the Agassiz proposal from Greenway consulting.

We can prepare
this information at a cost of $ 12,000

Financial Evaluation of an Ethanol Production Facility
Located in                      (example scope for Agassizz)

Prepared by Vogelbusch U.S.A., Inc.

Houston, Texas

December 2001

for

ABC Company

Preface

A financial analysis was prepared for the construction and long-term operation of a nominal
                    gallon per year ethanol production facility to be constructed by ABC Company in
Minnesota The facility is to use corn and Barley as feedstock, utilizing a dry milling process.
The evaluation, incorporating site specific capital costs, operating costs, feedstock costs, and
final products market value is provided and consists of the following:

Sources and Application of Funds (Year 1)

Sources and Application of Funds (Year 2)

Balance Sheet (Years 1 through 12)

Income Statement (Years 1 through 12)

Cash Flow Statement (Years 1 through 12)

Pricing Sensitivity Matrix — Average Annual Pre-tax Income (Years 3 through 12)

Pricing Sensitivity Matrix — Average Annual Cash Flow (Years 3 through 12)

Revision A ii

Table of Contents

	 	 	 	 	 
	Preface

	 	 	i	 
	Table of Contents

	 	ii

	Plant Design Capacity

	 	 	1	 
	Project Cost

	 	 	1	 
	Capital Cost Estimate

	 	 	2	 
	Project Financing

	 	 	3	 
	Debt Service

	 	 	4	 
	Construction and Startup Timetable

	 	 	5	 
	Draw Down Schedule

	 	 	5	 
	Depreciation and Amortization

	 	 	5	 
	Depreciation Calculations

	 	 	6	 
	Accounts Receivable and Inventories

	 	 	7	 
	Accounts Payable,

	 	 	7	 
	Product Sales and Raw Material Costs

	 	 	7	 

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.com

 

 

	 	 	 	 	 
	Maintenance and Operating Costs

	 	 	7	 
	Raw Materials Detail

	 	 	9	 
	 
	 	 	 	 
	Plant Labor, Plant Management, and Administrative Costs

	 	 	10	 
	Personnel Detail

	 	 	11	 
	Salaries,
Wages, and Benefits by Job Classification — Year 1 Details

	 	 	12	 
	Salaries,
Wages, and Benefits by Job Classification — Year 2 Details

	 	 	13	 
	Salaries, Wages, and Benefits by Job Classification

	 	 	14	 
	Additional Fixed Costs

	 	 	15	 
	Federal Income Taxes

	 	 	15	 
	Pro Forma

	 	 	15	 
	Sources and Application Of Funds (Year 1)

	 	 	16	 
	Sources and Application Of Funds (Year 2)

	 	 	17	 
	Balance Sheet (Years 1 Through 12)
 
	 	 	18	 
	Income Statement (Years 1 through 12)

	 	 	19	 
	Cash Flow Statement (Years 1 through 12)

	 	 	20	 
	Sensitivity Analyses

	 	 	21	 
	Pricing Sensitivity Matrix — Average Annual Pre-Tax Income (Years 3 Through 12)

	 	 	22	 
	Pricing Sensitivity Matrix — Average Annual Cash Flow (Years 3 Through 12)

	 	 	23	 

PO Box 2019 Fargo, North Dakota 58107-2019 • 701-282-6171 • Fax 701-282-6166

Email: energy@biorenewablegroup.com • website: www.biorenewablegroup.comexv10w6

 

Exhibit 10.6

GENERAL SERVICE AGREEMENT

     This General Service Agreement (“Agreement”) made this 28th day of March 2006, by and
between the Utility Engineering Corporation (“Consultant”), and Agassiz Energy LLC (“Company”),
(sometimes referred to individually as “Party” or collectively as “Parties).

WITNESSETH:

In consideration of the mutual covenants and conditions contained herein, the receipt and
sufficiency of which is hereby acknowledged, the Parties agree as follows:

	1.	 	Notices. All notices and other communications pursuant to this Agreement shall be
in writing and
shall be deemed to have been duly given to the other Party (a) on the day it is personally
delivered or
transmitted by facsimile; (b) on the day after being sent by Federal Express (or comparable
overnight
delivery service), all fees prepaid; or (c) on the second day after being mailed by United
States
certified or registered mail, postage prepaid. If notice is sent via overnight delivery
service or U.S.
mail, it shall be sent to the other Party at the address set forth below, or at such other
address as shall
be given in writing by either Party to the other.

	 	 	 	 	 
	 

	 	To Company:
	 	Agassiz Energy LLC
	 

	 	 	 	Address: 510 County Road 71, Valley Technology Park
	 

	 	 	 	Address: Crookston, MN 56716
	 

	 	 	 	Consultant Representative: Mr. Donald Sargeant
	 

	 	 	 	Phone:(281)281-8442
	 

	 	 	 	Fax:(218)281-8052
	 

	 	 	 	Email: Sargeant@mail.crk.umn.edu
	 
	 	 	 	 
	 

	 	To Consultant:
	 	Utility Engineering Corporation
	 

	 	 	 	Address: 9420 Underwood Avenue, Suite 200

	 

	 	 	 	Address: Omaha, NE 68114
	 

	 	 	 	Company Representative: Mr. Thomas Rerucha
	 

	 	 	 	Phone: (402)548-4800
	 

	 	 	 	Fax: (402) 390-2005
	 

	 	 	 	Email: Thomas.L.Rerucha@ue-corp.com

	2.	 	Work. Consultant shall furnish all necessary personnel, supervision, equipment,
tools, and materials
as requested from time to time to provide the “Work” defined in a signed Task Order which
shall
reference this Agreement and include the scope of work, schedule, terms, and compensation
agreed to
by the Parties. The Task Order is attached hereto and incorporated herein for all purposes
as Exhibit
A.
	 
	3.	 	Term. This Agreement begins on the Effective Date and may be terminated by either
Party for its
convenience by thirty (30) days written notice to the other Party. In addition, either
Party may
terminate any Task Order entered into under this Agreement immediately upon written notice
to the
other Party, without cause. If Company terminates such Task Order in the absence of a
material
breach by Consultant, Company shall pay Consultant for all Work performed to the date of
termination, Work in progress, and third party cancellation fees, if any, plus any costs
associated with
demobilization.
	 
	4.	 	Independent Contractor. Consultant is an independent contractor and not an agent or
employee of
Company, and has the right and responsibility to manage and control Consultant’s employees,

1

 

	 	 	representatives, and agents in the performance of Work hereunder, and the means,
manner and methods in which such Work is performed. Consultant is not an employee of
Company, nor entitled to credit for hours worked or benefits under any Company welfare
benefit plan.

	5.	 	Warranty. Consultant warrants that the Work performed under this Agreement will
conform in all
material respects to the requirements set forth in the Task Order under which such Work is
performed. Consultant further agree that if Company notifies Consultant in writing at any
time up to
the expiration of twelve (12) months after the date of Consultant’s completion of the Work
that such
Work does not conform in material respects to the requirements in such Task Order, and
specifies the
nature of the nonconformance, and if the Work does not, in fact, so conform, Consultant will
diligently re-perform, at its sole expense, the Work to the extent necessary to make it
conform.
	 
	 	 	Notwithstanding the foregoing, Consultant does not warrant or guarantee that any design,
engineering, specifications, equipment and/or materials supplied or specified by others
will produce any intended result or achieve any intended purpose.
	 
	 	 	CONSULTANT DISCLAIMS ALL OTHER WARRANTIES WHETHER STATUTORY, EXPRESS OR IMPLIED, INCLUDING
BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY AND/OR FITNESS FOR A PARTICULAR PURPOSE
AND ALL WARRANTIES ARISING FROM COURSE OF DEALING AND/OR USAGE OF TRADE. THE REWORK
OBLIGATIONS STATED IN THIS ARTICLE 5 SHALL BE COMPANY’S SOLE AND EXCLUSIVE REMEDY FOR ALL
LIABILITY OF CONSULTANT ARISING FROM OR RELATED TO NON-CONFORMING OR DEFECTIVE WORK.
	 
	6.	 	Liens. Consultant agrees not to allow liens to be placed on the Work or Company
property for claims
of nonpayment by Consultant or its subcontractors to the extent Consultant has received
timely
payment from Company as required by Section 7 below.
	 
	7.	 	Payment for Work. For Consultant’s performance of Work under this Agreement, Company
agrees
to pay Consultant in accordance with pricing terms set forth in Exhibit A — Task Order.
Consultant’s
price does not include any state and local sales, use, excise, and other taxes of like
nature. Failure of
the Company to make payments to the Consultant in accordance with this Agreement shall be
considered a material breach of this Agreement.
	 
	8.	 	Payment Terms. Invoices for Work under this Agreement will be submitted by
Consultant in
accordance herewith. Payments required by such invoices shall be due and payable upon
receipt. If
Company fails to pay undisputed invoiced amounts within thirty (30) days after delivery of
invoice,
Consultant may, in addition to any other rights available under this Agreement, by law or in
equity,
require the payment of interest up to the maximum rate allowed by law by Company on all such
unpaid amounts. All payments shall be made in US Dollars, and shall be made by either of
the
following means:

	 	a.	 	Bank Draft or Cashier’s check mailed to Consultant via
Federal Express or Certified mail to Consultant’s address stated in Paragraph 1
hereof; or

	9.	 	Changed Requirements. Work not expressly set forth in this Agreement and/or the
applicable Task
Order is excluded from the scope. If any new or different requirement, condition, change or
anything
beyond Consultant’s control alters the scope of Work or otherwise affects the Consultant’s
costs or
schedule to perform the Work, whether as a result of any act or omission of Company or any
operation or change of law, code, regulation or standard (including but not limited to
changes to laws
imposing sales, use, excise, transportation, privilege, payroll or occupational taxes or
contributions)
that becomes applicable to the Work after the execution of the Task Order, then Consultant
shall be
entitled to additional time and compensation in order to complete the Work.

	10. 	Insurance. Consultant shall maintain workers’ compensation insurance with
statutory limits of
liability. Consultant shall maintain employer’s liability, professional liability,
commercial general
liability (bodily injury and property damage), and comprehensive automobile liability
(bodily injury
and property damage) insurance, with each policy having maximum limits of $1,000,000
combined
single limit. Consultant shall maintain excess liability coverage with limits of liability
of $1,000,000

2

 

	 	 	for each occurrence and in the aggregate. Upon request, Consultant will provide
insurance certificates to the Company.

	11.	 	Confidentiality. Consultant agrees that it will maintain confidential for a period
of one (1) year all
information disclosed to Consultant in the course of performance of this Agreement, except:

	 	a)	 	information which, at the time of disclosure is or which, after the time of
disclosure, becomes
generally available to the public;
	 
	 	b)	 	information which Consultant or its employees received after the time of
disclosure from a
third party imposing no obligation of confidentiality and who is not known to have
acquired
any such information directly or indirectly from Company; .
	 
	 	c)	 	information which was in Consultant’s or its employees’ possession prior to
disclosure and
which was not acquired directly or indirectly from Company:
	 
	 	d)	 	information which was developed independently by Consultant
without benefit of
confidential and proprietary information furnished hereunder by Company; and
	 
	 	e)	 	information as may be authorized by Company to be disclosed.

Such confidential information shall not be disclosed to anyone except
employees of Consultant who it reasonably determines has a need to know the
confidential information and who have agreed to maintain such information
confidential.

Consultant shall promptly return the confidential information provided to Consultant by
Company to Company upon the termination of this Agreement or at Company’s request.

	12.	 	Indemnification, Waivers and Limitations of
Liability.

	 	a.	 	Indemnification by Consultant
	 
	 	 	 	Consultant agrees to indemnify, defend and hold harmless Company, it’s officers,
directors, shareholders, employees and agents (collectively “Indemnitees”) from and
against any claims, liabilities and costs (including reasonable attorneys’ fees) for
bodily injury, death or third party property damage to the extent caused by the
negligent acts or omissions of Consultant or it’s subcontractor’s in connection with
the Work. This indemnity shall survive the termination of this Agreement.
	 
	 	 	 	Indemnification by Company
	 
	 	 	 	Company agrees to indemnify, defend and hold harmless Consultant, it’s officers,
directors, shareholders, employees and agents (collectively “Indemnitees”) from and
against any claims, liabilities and costs (including reasonable attorneys’ fees) for
bodily injury, death or third party property damage, to the extent caused by the
negligent acts or omissions of Company, its other contractors or any third party
under Company’s control. This indemnity shall survive the termination of this
Agreement.
	 
	 	b.	 	COMPANY WAIVES ALL CLAIMS, PAST, PRESENT, AND FUTURE, AGAINST
CONSULTANT, ITS SHAREHOLDERS, DIRECTORS, OFFICERS, PARTNERS, SUBSIDIARIES,
AFFILIATES, EMPLOYEES, AGENTS, AND SUBCONTRACTORS AND VENDORS OF ANY TIER FOR ALL
SPECIAL, INCIDENTAL, INDIRECT, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES,
WHETHER OR NOT FORSEEABLE, IN ANY WAY ARISING OUT OF THE WORK OR THIS AGREEMENT,
INCLUDING BUT NOT LIMITED TO DAMAGE TO OR DESTRUCTION OF PROPERTY, LOSS OF PROFITS
OR REVENUE, LOSS OF USE, LOSS OF OPPORTUNITY, LOSS OF GOODWILL, COST OF SUBSTITUTE
FACILITIES, GOODS, WORK OR SERVICES, COST OF CAPITAL, GOVERNMENTAL AND REGULATORY
SANCTIONS, OR CLAIMS OF CUSTOMERS.

3

 

	 	c.	 	The total cumulative, aggregate liability of Consultant, its subsidiaries,
affiliates,
shareholders, directors, partners, officers, employees and agents, subcontractors and
vendors of any tier to Company for all claims, losses, liabilities, damages, costs
and
expenses arising out or relating in any way to the Work performed under a given Task
Order shall not be greater than the revenues received by Consultant from Company for
Work performed pursuant to the particular Task Order under which the claim arises.
	 
	 	d.	 	Consultant shall have no obligation to Company for any loss, cost or expense
resulting
from loss of or damage to Company’s property. Company waives all rights of recovery
it may have now or in the future and shall likewise require each insurer of Company’s
property to waive all subrogation rights against Consultant for any such loss, cost
or
expense.
	 
	 	e.	 	The following provision shall only be applicable if there are multiple owners
at the site:
Company represents that it is the sole owner of the Work, the land constituting the
site
of the Work, and the plant, facilities, inventory, and personalty located thereon (as
used
in this Paragraph 12(d), “Property”). If any third party has or acquires from Company
a legal or equitable right or interest in said Property, Company shall bind such
third
party to the indemnities, releases and limitations set forth herein. Upon failing to
do so,
Company shall INDEMNIFY, DEFEND AND HOLD HARMLESS Consultant from
liability for such Property damage, but only to the extent such liability exceeds the
limit
of liability stated in Paragraph 12 (b), above.
	 
	 	f.	 	TO THE FULLEST EXTENT PERMITTED BY LAW, THE WAIVERS, LIMITATION OF
LIABILITY AND INDEMNITY CONTAINED IN THIS AGREEMENT APPLY TO ALL
LIABILITY ARISING FROM THE CONSULTANT’S ACTIVITIES AND OBLIGATIONS
RELATED TO THIS AGREEMENT, AND ANY SEPARATE AGREEMENT WITH A
THIRD PARTY TO PERFORM SERVICES FOR COMPANY’S BENEFIT, EVEN IF
SUCH LIABILITY IS THE RESULT OF THE NEGLIGENCE, STRICT LIABILITY,
STATUTORY LIABILITY, GROSS NEGLIGENCE, WILLFUL MISCONDUCT, BREACH OF CONTRACT, BREACH OF WARRANTY, OR VIOLATION OF LAW
BY CONSULTANT. THE WAIVERS AND LIMITS OF LIABILITY CONTAINED
HEREIN SHALL SURVIVE THIS AGREEMENT.

	13.	 	Reuse of Work Products. Title to all submittals and to all reports, documents and
other information prepared by Consultant in connection with the Work and which Consultant is
required to provide Company pursuant to this Agreement (“Documents”), except for Consultant’s
proprietary information, shall vest in Company when Company makes payment therefore as
provided in this Agreement. Nothing contained in this Section 14 shall be construed as
limiting or depriving Consultant of its right to use its basic knowledge and skill to design
or carry out other projects or work for itself or others, whether or not such projects are
similar to the Work to be performed under this Agreement. Rights to intellectual property
developed, utilized or modified in the performance of the Work shall remain the property of
Consultant. Consultant shall have the right to retain and use copies of drawings, documents
and engineering or other data furnished or to be furnished by Consultant and the information
contained herein. Company shall not acquire any rights to any of Consultant’s or any
subcontractors’ proprietary computer software that may be used in connection with the Work.
Documents are not intended or represented to be suitable for reuse by
Company or others. Any
reuse of the Documents without written verification by Consultant for the specific purpose
intended, will be at Company’s sole risk and without liability or legal exposure to
Consultant. If software is intended or expected to be developed under this Agreement,
Consultant may require that a software license agreement acceptable to Consultant be executed.
All proprietary information, software and processes of Consultant shall remain property of the
Consultant.
	 
	 	 	Company shall indemnify, defend, and hold harmless Consultant and its officers, directors,
partners, employees, successors and assigns from all claims, damages, losses and expenses

4

 

including attorney’s fees arising out of or resulting from the use by Company or any third
party of the Documents other than as specifically authorized in writing by Consultant in
accordance with this Agreement, whether arising in contract, tort (including the negligence
of Consultant) or otherwise.

	14.	 	Force Majeure. Notwithstanding any other right Consultant may have at law or in
equity or any
other provision in this Agreement, Consultant will be excused from liability for any loss
and for
nonperformance of this Agreement, and shall be entitled to an extension of time, to the
extent its
Work is disrupted or delayed by an act, omission, neglect or default of Company, or any
third party,
fire or other casualty, labor disturbance, earthquake, tornadoes, and other acts of God,
acts or
omissions of government, terrorism, severe weather or any other cause beyond Consultant’s
reasonable control. If such disruption or delay will increase Consultant’s cost to perform
the Work,
Consultant will also be entitled to an equitable adjustment of its compensation.
	 
	15.	 	Miscellaneous.

	 	a.	 	Company shall provide to Consultant in a timely manner any information Consultant
indicates is needed to perform the Work hereunder. Consultant has the right to rely
on the accuracy of information provided by Company and its representatives.
	 
	 	b.	 	With respect to the subject matter contained herein, this Agreement constitutes
the entire
agreement between the Parties and supercedes all prior negotiations,
representations,
understandings or agreements, whether written, oral or otherwise.
	 
	 	c.	 	The provisions of this Agreement may not be waived, altered, changed or amended
except by
written instrument signed by both Parties hereto. No waiver of any provision of this
Agreement shall be construed or deemed to be a waiver of any other provision or
condition of
this Agreement, nor a waiver of subsequent breach of the same provision or condition.
	 
	 	d.	 	Neither Party may assign this Agreement or any of its rights and obligations
hereunder
without the express written consent of the other Party, which shall not be
unreasonably
withheld. Any assignment in violation of this provision shall be deemed null and
void. The
terms and conditions contained in this Agreement shall be binding upon the Parties
hereto,
and upon their respective successors and assigns.
	 
	 	e.	 	This Agreement, including its related terms, conditions, schedules, and
attachments, has been
negotiated at arms length and between Parties who are sophisticated and experienced
in its
subject matter. Each Party has been represented, or has had the opportunity to be
represented
by legal counsel in connection with this Agreement. Accordingly, any
rule of law
wherein
ambiguities in this Agreement would be construed against its drafter shall not apply.
	 
	 	f.	 	This Agreement shall be governed, interpreted and construed in accordance with
the laws of
the State of Minnesota without regard to any conflicts or choice of law principles of
that
State.
	 
	 	g.	 	In the event that any provision of this Agreement is held to be invalid for any
reason, that
provision shall be severed from this Agreement, and the remainder shall continue to
be in full
force and effect.
	 
	 	h.	 	Company shall not, and Company shall prevent Owner, if applicable, and Company’s and
Owner’s other contractors from, changing or modifying any engineering data or
drawings supplied by Consultant to Company in electronic format. Company shall
defend, indemnify, and hold Consultant and its officers, directors, and employees
harmless from any loss, expense, claim, liability, or cause of action arising out of
the change to or modification of

5

 

	 	 	 	Consultant’s engineering data or drawings. Such provision survives
termination of this Agreement.

	 	i.	 	If the Consultant for any reason is not allowed to complete the Work, the Consultant
shall not
be held responsible for the accuracy, completeness, or constructability of
the construction documents prepared by Consultant if changed or completed by
the Company or others.
	 
	 	j.	 	The Consultant’s services under this Agreement are being performed solely for the
Owner’s
benefit, and no other party or entity shall have any claim against the
Consultant because of this Agreement or the performance or nonperformance of
Consultant’s services hereunder. The Company will incorporate a similar
provision in all contracts with subcontractors, consultants, vendors and
other persons or entities involved in the design, engineering, construction,
procurement, testing, and start-up of the project or facility for which the
Work is being performed in order to carry out the intent of this provision.
	 
	 	k.	 	In the case of conflict or ambiguity between the terms and
conditions of this Agreement and any other contract documents, the order of
control shall be:

i.
This Agreement,

ii. The Task Order,

iii. Any Attachment or Exhibits to the specific Task Order.

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed the date
first above written.

	 	 	 
	COMPANY:

	 	CONSULTANT:
	 
	 	 
	Agassiz Energy LLC

	 	Utility Engineering Corporation

	 	 	 	 	 	 	 
	By:

	 	/s/ Donald Sargent	 	By:	 	/s/ Barry Richey
	 

	 	 
	 	 	 	 
	Name:

	 	Donald Sargent	 	Name:	 	Barry Richey
	Title:

	 	Chief Manager	 	Title:	 	Vice President

6

 

EXHIBIT A

TASK ORDER

	 	 	 
	Consultant’s Legal Name:

	 	Effective Date of this Task Order:

	Utility Engineering Corporation

	 	
28 March 2006

	 	 	 	 	 
	Consultant’s Address:
	 	 	 	 
	 
	 	 	 	 
	Project Contact:

	 	Contact Address:
	 	Phone:
	 
	 	 	 	 
	Project Number:

	 	Project Name: Agassiz Project
	 	Task
Preliminary
Engineering and
Estimate

This Task Order is subject to the terms and conditions of the General Service Agreement
(“Agreement”) dated 28 March 2006 by and between Agassiz Energy LLC and the Utility Engineering
Corporation including all terms defined in the Agreement shall have the same meaning as if used
herein unless expressly provided otherwise in this Task Order.

SCOPE OF WORK

CONSULTANT shall perform the following duties for the above named Project (“Work”):

Preliminary engineering and estimating to arrive at a basis for an EPC contract for a 52
million gallon per year dry mill ethanol plant in Erskine, Minnesota. See attached scope of
work for additional details.

RECEIVABLES:
(i.e. reports, drawings): See attached scope of work.

DELIVERABLES:
See attached scope of work.

SCHEDULE

	 	 	 
	MILESTONE
DATES:
	 	 
	 
	 	 
	
Planned Start Date : 1 April 2006

	 	Planned Completion Date : 1 September 2006

TERM

	•	 	The term of this Task Order shall commence on 28 March 2006 and continue for approximately 5 months, unless otherwise terminated in accordance with this
Agreements.
	 
	•	 	If said Work or this Task Order is terminated, COMPANY shall
pay the CONSULTANT for all work performed to the date of termination,
Work in progress, and third party cancellation fees, if any.

1

 

COMPENSATION

Agassiz Energy LLC will provide the following payments:

April 1,
2006   $200,000

May 1, 2006   $150,000

June 1, 2006   $150,000

July 1, 2006   $150,000

	 	 	 
	APPROVED for Agassiz Energy LLC

	 	APPROVED for Utility Engineering Corporation
	 
	 	 
	“COMPANY”

	 	“CONSULTANT”

	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	Donald Sargent	 	 	 	By:	 	Barry Richey	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date:

	 	March 28, 2006	 	 	 	 	 	Date:        29 March 06	 	

1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}]]