Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.21

CONSENT TO ASSIGNMENT

This Consent to Assignment (the “Consent”) is given as of this  7  day of
August, 2006, by Central Iowa Energy, LLC (“Central Iowa Energy”), located in Newton, Iowa.

RECITALS: REG, LLC (f/k/a Renewable Energy Group, LLC) entered into a Design Build Agreement
dated March 10, 2006, and an Agreement for Phase 1 Services dated July 13, 2005, with Central Iowa
Energy with respect to the construction of their biodiesel facility (collectively “Agreements”).

REG, LLC, InterWest, L.C., and West Central Cooperative joined their forces to expand upon
their biodiesel construction, management and marketing efforts by creating Renewable Energy Group,
Inc. (“REG, Inc.”) on July 31, 2006. In order to be continuing to fulfill the obligations under the
Agreements, Renewable Energy Group, Inc. would desire to confirm Central Iowa Energy’s consent to
an assignment of REG, LLC’s rights in the Agreements to REG, Inc.

Performance of the Agreements will continue under the same leadership and personnel, supported
by the same strategic partners as were involved previously under REG, LLC. By signature hereto,
Renewable Energy Group, Inc. assumes and agrees to perform and discharge all obligations as set
forth in the Agreements previously entered into by REG, LLC with Central Iowa Energy.

	 	 	 	 	 	 	 
	REG, LLC (f/k/a Renewable Energy Group, LLC)	 	RENEWABLE ENERGY GROUP, INC.
	 
	 	 	 	 	 	 
	By

	 	/s/ Nile Ramsbottom
	 	By
	 	/s/ Jeffrey Stroburg
	 

	 	 
	 	 	 	 
	 

	 	Nile Ramsbottom, President
	 	 	 	Jeffrey Stroburg, CEO

CONSENT TO ASSIGNMENT

Central Iowa Energy hereby consents to the assignment of the Agreements to Renewable Energy
Group, Inc.

	 	 	 	 	 	 	 
	 	 	CENTRAL IOWA ENERGY, LLC
	 
	 	 	 	 	 	 
	 

	 	 
	 	By
	 	/s/ James Johnston, Chairman
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	(Title)Filed by Bowne Pure Compliance

 

Exhibit 10.22

CONSENT TO ASSIGNMENT

Central Iowa Energy, LLC hereby consents to an assignment by Renewable Energy Group, Inc. of
its rights to receive units in Central Iowa Energy, LLC to REG Ventures, LLC upon terms as
substantially set out on the attached Exhibit A, and agrees to issue the membership units directly
to REG Ventures, LLC.

 

CENTRAL IOWA ENERGY, LLC

			
	By	 	/s/ James Johnston 

Print Name: James Johnston

Title: Chairman

 

 

 

Exhibit A

ASSIGNMENT

This Assignment (the “Assignment”) is entered into and made effective as of the 27th
day of June, 2007, by and between Renewable Energy Group, Inc. (“REG, Inc.”) and REG
Ventures, LLC, an Iowa limited liability company.

RECITALS: This Assignment is made with reference to the following facts and objectives:

1. REG, LLC and REG, Inc. entered into a “REG, LLC Contribution Agreement” dated the 31st day
of July, 2006 (“Contribution Agreement”), by which substantially all of the assets of REG, LLC were
contributed to REG, Inc. in exchange for stock in REG, Inc.

2. Identified at Schedule 1(A)(v) as an asset being contributed by REG, LLC to REG, Inc. were
the contract rights with respect to a construction contract entered into between REG, LLC and
Central Iowa Energy, LLC.

3. As a result, under the terms of the Contribution Agreement REG, LLC assigned all of its
rights in and to the construction contract to REG, Inc.

4. Under that same Contribution Agreement, REG, Inc. agreed to assume the obligation of REG,
LLC to invest construction proceeds in the amount of $1,000,000 in Central Iowa Energy, LLC.

5. The construction contract with Central Iowa Energy, LLC has now been fulfilled, such that
the final contract proceeds payable to REG, Inc. are being invested in Central Iowa Energy, LLC in
exchange for units in Central Iowa Energy, LLC.

6. REG, Inc. desires to assign its rights to receive such units in Central Iowa Energy, LLC to
REG Ventures, LLC, a wholly-owned subsidiary of REG, Inc.

AGREEMENT: In consideration of the foregoing recitals which are incorporated herein and made
a part of this Assignment, and in consideration of the mutual agreements, provisions and covenants
herein contained, the parties hereby agree as follows:

1. Assignment. REG, Inc. hereby assigns and transfers to REG Ventures, LLC all of its
right to receive Central Iowa Energy, LLC units. REG, Inc. hereby requests Central Iowa Energy,
LLC to issue such membership units directly to REG Ventures, LLC.

For purposes of issuance, the parties hereby state and provide the following information:

REG Ventures, LLC

PO Box 128

Ralston, IA 51459

Federal ID #20-5984071

 

-2-

 

2. Assumption. REG Ventures, LLC hereby assumes and agrees to receive, own and
perform as holder of Central Iowa Energy, LLC units issued to it as a result of this Assignment.

IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be effective as of the
date first written above.

RENEWABLE ENERGY GROUP, INC.

			
	By	 	/s/ Jeffrey Pattison 

Print Name: Jeffrey T. Pattison

Title: CFO

REG VENTURES, LLC

By Renewable Energy Group, Inc.

			
	By	 	/s/ Daniel Joh 

Print Name: Daniel Joh

Title: COO

 

-3-Filed by Bowne Pure Compliance

 

Exhibit 10.44

 

					
	[FAGEN, INC. LOGO]
	 	 	 	501 West Hwy 212, PO Box 159
	 
	 	 	 	Granite Falls, MN 56241
	 
	 	www.fageninc.com
	 	Phone: 320.564.3324
	 
	          Civil — Mechanical — Electrical Contractors	 	Fax: 320.564.3278

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

June 11, 2007

Mr. Tony Flagg

First United Ethanol, LLC

2 West Broad Street

Camilla, GA 31730

			
	       Re:     	 	First United Ethanol, LLC.: Letter Agreement for Design and Construction of
Water
Pre-Treatment System and Fire Protection System

Dear Mr. Flagg:

This letter (the “Letter Agreement”), when signed by you in the space set forth below,
will confirm the agreement between First United Ethanol, LLC (“Owner”) and Fagen, Inc.
(“Fagen”) (each, a “Party” and collectively, the “Parties”) with respect to
the matters set forth herein relative to the design and construction of a water pre-treatment
system and fire protection system to be integrated into the Plant (as such term is defined below).

RECITALS

A. Whereas the Parties have entered into and executed that certain Lump Sum Design-Build
Agreement (the “Design-Build Agreement”) dated November 16, 2006 with respect to the
construction of a One Hundred (100) million gallon per year (“MGY”) dry grind ethanol production
facility to be located at Camilla, GA (the “Plant”); and

B. Whereas, pursuant to the Design-Build Agreement, Owner is responsible for providing a water
pre-treatment system designed to provide the Plant with the quantity and quality of raw and treated
water needed to supply the Plant’s process needs and Fire Protection System designed and
constructed to meet governmental and insurance requirements (the “Systems”); and

C. Whereas the scope of the work to be performed by Fagen pursuant to the Design-Build
Agreement does not include the Systems; and

D. Whereas Section 9.1 of the Design-Build Agreement further provides that Owner will execute
side-letter agreements as necessary for the design and construction of the Systems, which
side-letter shall compensate Fagen, at Fagen’s standard time plus materials rates during the
relevant time period and at the relevant locale, for any costs and expenses related to the design,
construction, and integration into the Plant of the Systems.

 

 

 

*  Portion omitted pursuant to a request for confidential treatment and filed separately
with the Securities and Exchange Commission.

Now therefore, in consideration of the mutual promises contained herein and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and
intending to be legally bound by this Letter Agreement, the Parties do hereby agree as follows:

	 	1.	 	Services to be Performed. Fagen shall design and construct the Systems and integrate
the Systems into the Plant on a time and material basis pursuant to the design of the
Systems by U.S. Water Services / Utility Chemicals, WM, Inc. and Fagen Engineering, LLC.

	 
	 	2.	 	Completion of the Services. Fagen shall perform and complete the Services in the
timeframe Fagen deems necessary and appropriate in order to attain the Contract Time(s) as
set forth and defined in the Design-Build Agreement.

	 
	 	3.	 	Delays. Fagen shall not be responsible for delays in providing the Services due to
factors beyond Fagen’s control.

	 
	 	4.	 	Delays Caused by Owner. Any delays in the performance of the Services which impact
Fagen’s ability to attain the Contract Time(s) (as set forth and defined in the
Design-Build Agreement) which are caused by Owner’s failure to perform its obligations
under the Design-Build Agreement or hereunder, including without limitation Owner’s failure
or delay in providing any information or materials, or Owner’s failure to compensate Fagen
for its performance of the Services hereunder, shall be deemed a failure by Owner to
complete Owner’s Milestones (as such term is defined in the Design-Build Agreement) and
shall bear the consequences set forth in Section 13.4 thereof.

	 
	 	5.	 	Compensation.

	 	a.	 	Compensation for Services. In consideration of its performance of the
Services, Owner shall pay Fagen for Fagen’s time in the performance of the Services
based on actual services provided. Fagen’s compensation shall be at Fagen’ s
standard time plus materials rates during the relevant time period and at the
relevant locale attached hereto as Attachment A, as such rates may be modified from
time to time.

	 
	 	b.	 	Reimbursement of Fagen’s Expenses. Owner shall reimburse Fagen for its
expenses related to the performance of the Services in accordance with Fagen’s
current reimbursable expense schedule attached hereto as Attachment A.

	 
	 	c.	 	Reimbursement of Subcontractor Expenses. Owner shall reimburse Fagen for
the cost of services performed by Subcontractors. Subcontractor costs, including
Subcontractor charges for time and expenses, shall be marked-up [*] by Fagen.

	 
	 	d.	 	Reimbursement for Materials. Owner shall reimburse Fagen for the cost of
materials and supplies necessary for the performance of the Services. Material costs
shall be marked-up [*] by Fagen.

	 
	 	e.	 	Reimbursement Schedules Subject to Change. Fagen’s rate schedule and
reimbursable expense schedule attached hereto as Attachments A are subject to change
at any time.

	 	6.	 	Invoices. Fagen shall submit a weekly invoice (“Invoice”) for actual Services provided and
for reimbursable expenses incurred by Fagen and any Subcontractors.

 

 

 

	 	7.	 	Payment.

	 	a.	 	Payment Due. Within fifteen (15) days after Owner’s receipt of each Invoice,
Owner shall pay Fagen all amounts due.

	 
	 	b.	 	Lien Waivers Following Payment. Fagen shall submit to Owner, following receipt of
payment pursuant to Paragraph 7(a), signed lien waivers for the portion of the Services
for which payment has been made.

	 
	 	c.	 	Late Payment and Interest. If Owner fails to make timely payment pursuant to
Paragraph 7(b), interest at maximum legal rate or at an annual rate of eighteen percent
(18%), whichever is less, shall accrue.

	 
	 	d.	 	Collection of Unpaid Amounts. if any amount due is not paid in accordance with
this Agreement and Fagen must collect that amount, Fagen shall be entitled to recover,
in addition to the amount due, the cost of collection, including reasonable attorney’s
fees in connection with those collection efforts.

	 
	 	e.	 	Suspension for Failure to Pay. If Owner fails to make timely payment pursuant to
Paragraph 7(b), Fagen may, at its option, after giving seven (7) days’ written notice,
suspend performance of the Services until all amounts due to Fagen by Owner have been
paid in full. Any delay resulting from a suspension of the Services hereunder shall be
deemed a failure by Owner to complete Owner’s Milestones (as such term is defined in the
Design-Build Agreement) and shall bear the consequences set forth in Section 13.4
thereof.

	 
	 	f.	 	Withholding Payments. On or before the date payment is due, Owner shall pay Fagen
all amounts included in the Invoice for which payment is due. If Owner determines that
Fagen is not entitled to all or part of an Application for Payment, it will notify Fagen
in writing at least ten (10) Days prior to the date payment is due. The notice shall
indicate the specific amounts Owner intends to withhold, the reasons and contractual
basis for the withholding, and the specific measures Fagen must take to rectify Owner’s
concerns. Fagen and Owner will attempt to resolve Owner’s concerns prior to the date
payment is due. If the Parties cannot resolve such concerns, Owner may pursue its rights
under the Design-Build Agreement, including those under Article 19 thereof.
Notwithstanding a pending dispute or dispute resolution proceeding, Owner shall pay
Fagen all amounts in an Invoice within the times required by this Letter Agreement and
shall not withhold any portion of any payment due to Fagen hereunder. Fagen’s
compensation shall not be reduced on account of any amounts withheld from payment to
subcontractors.

	 	8.	 	Changes in Project. If Owner requests changes in the Project which affect the
Services, compensation for and time of performance of Fagen’s services shall be adjusted
appropriately.

	 
	 	9.	 	Cost Estimates. Owner and Fagen acknowledge that Fagen has no control over cost of
labor, materials, equipment of services furnished by others, over contractors’ methods of
determining prices, or other competitive bidding or market conditions and that Fagen’s
estimates of Systems construction cost are made on the basis of its employees’ experience and
qualifications and will represent Fagen’s employees’ best judgment as experienced and
qualified professionals, familiar with the construction industry. Fagen does not guarantee
that proposal, bids, or actual construction cost will not vary from its estimates of Systems
cost and Owner acknowledges the same.

	 
	 	10.	 	Water Quality. Variations in water quality are the responsibility of the Owner. Fagen
is not obligated for the lack of performance of the water treatment system due to changes in
water quality. Water
quality varying from the US Water analysis on which the system is based may result in diminished
performance of the water pretreatment system.

 

 

 

	 	11.	 	Terms and Conditions Not Set Forth Herein. Except as specifically set forth herein,
Fagen shall perform and Owner shall receive the Services subject to the terms and conditions
of the Design-Build Agreement, including without limitation all indemnifications, warranties,
and all other rights, obligations, and limitations on rights. Capitalized terms not defined
herein shall have the meaning set forth in the Design-Build Agreement.

	 
	 	12.	 	No Amendment to Design-Build Agreement. This Agreement does not amend, modify, or
otherwise affect the terms and conditions of the Design-Build Agreement or each Party’s rights
and obligations thereunder.

	 
	 	13.	 	Acceptance of Letter Agreement. This Letter Agreement must be executed and returned
by you to Fagen no later then June 18, 2007.

	 
	 	14.	 	Entire Agreement. This Letter Agreement consists of the terms and conditions set
forth herein, the Attachments hereto, and, subject to the limitations set forth in Paragraph
11, the terms and conditions set forth in the Design-Build Agreement, which are incorporated
by reference herein and made a part hereof. This Letter Agreement sets forth the full and
complete understanding of the Parties as of the Effective Date with respect to the subject
matter hereof.

If the foregoing terms accurately reflect your understanding of our discussions and are
acceptable to you, please sign and return the enclosed counterpart of this letter to the
undersigned.

	 	 	 
	 

	 	Yours sincerely,
	 
	 	 
	 

	 	Fagen, Inc.
	 
	 	 
	 

	 	          /s/ Craig Collins
	 

	 	 
	 

	 	By: Craig Collins
	 

	 	Title: Project Manager

Accepted and agreed to this 13th

day of June, 2007.

First United Ethanol, LLC

	 	 	 
	          /s/ Anthony J. Flagg
 

	 	 
	By: Anthony J. Flagg
	 	 
	Title: CEO
	 	 

 

 

 

ATTACHMENT A

Fagen’s Time Plus Materials Rates

Fee Schedule

CONFIDENTIAL

 

 

 

*  Portion omitted pursuant to a request for confidential treatment and filed separately with
the Securities and Exchange Commission.

	 	 	 
	[FAGEN, INC. LOGO]

	 	Fagen, Inc.
	 

	 	501 West Highway 212, Post Office Box 159 
	 

	 	Granite Falls, MN 56241 
	 

	 	Main Tel.: (320) 564-3324 Fax: (320) 564-3278 

			
	Re:	 	FIRST UNITED ETHANOL, LLC

CAMILLA, GA

Please use the following rates for this project:

	 	 	 	 	 	 	 	 	 
	TRADE	 	STRAIGHT TIME	 	 	OVERTIME	 
	CONCRETE
	 	$	[*]	 	 	$	[*]	 
	(LABOR/FINISHER/RODBUSTER)
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	CARPENTRY
	 	$	[*]	 	 	$	[*]	 
	(CIVIL/LABOR)
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	SIDING/INSULATOR
	 	$	[*]	 	 	$	[*]	 
	 
	 	 	 	 	 	 	 	 
	EXCAVATION
	 	$	[*]	 	 	$	[*]	 
	 
	 	 	 	 	 	 	 	 
	MILLWRIGHT
	 	$	[*]	 	 	$	[*]	 
	 
	 	 	 	 	 	 	 	 
	IRON WORKER
	 	$	[*]	 	 	$	[*]	 
	 
	 	 	 	 	 	 	 	 
	PIPE FITTER
	 	$	[*]	 	 	$	[*]	 
	 
	 	 	 	 	 	 	 	 
	ELECTRICAL/INSTRUMENTATION
	 	$	[*]	 	 	$	[*]	 
	 
	 	 	 	 	 	 	 	 
	WELDING/CUTTING
	 	$	[*]	 	 	$	[*]	 
	(PIPE WELDERS, IRONWORKER WELDERS)
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	OFFICE MANAGER
	 	$	[*[	 	 	$	[*]	 
	SAFETY DIRECTOR
	 	$	[*]	 	 	$	[*]	 
	PROJECT MANAGER
	 	$	[*]	 	 	$	[*]	 
	SUPERINTENDENT
	 	$	[*]	 	 	$	[*]	 
	PROJECT ENGINEER
	 	$	[*]	 	 	$	[*]	 
	EXPEDITOR
	 	$	[*]	 	 	$	[*]	 
	EQUIPMENT OPERATOR
	 	$	[*]	 	 	$	[*]	 

NOTE: CONTRACTOR SUPPLIED MATERIALS ARE BILLED AT COST PLUS [*] MARKUP

IF OVERTIME RATES ARE PAID BY FAGEN, INC, THEN OVERTIME RATES WILL BE BILLED.

FAGEN EQUIPMENT T & M RATES ARE ATTACHED.

RATES ARE SUBJECT TO CHANGE AT ANY TIME.

PAGE 1 OF 1

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