Document:

Exhibit 10.2

 

Congratulations
and thank you for your leadership and dedication to Bank of Hawaii.  In recognition of your performance and your
commitment to help lead Bank of Hawaii in the future, the Human Resources and
Compensation Committee of the Board of Directors of Bank of Hawaii Corporation
(the “Company”) has granted you an award of $200,000.00 (the “Grant”).  The Grant will be paid in two increments with
the expectation that you use a substantial portion of the Grant to increase
your holdings of the Company’s common stock. 
Half of the grant will be paid on January 27, 2010 and the
remaining half before year-end, provided you remain employed and in good
standing with the Company on the payment dates. 
The Grant will be subject to the following terms and conditions:

 

1.     Withholding.  The Grant shall be subject to the
satisfaction of applicable federal, state and local tax withholding
requirements.

 

2.     Retirement and
Other Benefits.  The Grant
will not be included as (a) “compensation” for purposes of computing your
benefits under the Company’s retirement plans (both qualified and nonqualified)
or other benefit plans, or (b) compensation for purposes of computing your
severance benefits under the Change-In-Control Plan.  For the sake of clarity, the Grant will not
be taken into account with respect to calculating benefits under the Bank of
Hawaii Retirement Savings Excess Benefit Plan.

 

3.     Clawback.   Should your employment be terminated due to
reasons other than death, disability or retirement in the year following the
second payment, we would expect payment, net of taxes withheld, to be returned.

 

Thank
you for staying focused on what needs to be accomplished in 2010.  We have a great team and your continued
commitment and support is much appreciated.Exhibit 10.1

 

Confidential Treatment Requested. 
Confidential portions of this document have been redacted

and have been separately filed with the Commission.

 

BLACKHAWK BIOFUELS, LLC TOLL PROCESSING AGREEMENT

 

This Blackhawk Biofuels, LLC Toll Processing Agreement (the
“Agreement”) is made and entered into effective January 1, 2010, by and
between Blackhawk Biofuels, LLC a limited liability company organized and
existing under the laws of the state of Delaware, with offices at 22 South
Chicago Avenue, Freeport, Illinois 61032 (“Blackhawk Biofuels”). and REG
Marketing & Logistics Group, LLC, an Iowa limited liability company (“REG
Marketing”), of 416 S. Bell Avenue, PO Box 888, Ames, Iowa 50010 (each a
“Party,” and collectively the “Parties”).

 

Recitals

 

A.            Blackhawk
Biofuels is in the business of manufacturing and processing biodiesel from
feedstock at its biodiesel processing facility located at Danville, IL (the
“Facility”).

 

B.            REG Marketing
desires to arrange for the purchase and delivery of animal fats and other
feedstocks (as specified by the provisions of Section 7 hereafter, herein
“Feedstocks”) to Blackhawk Biofuels for processing into biodiesel meeting the
specifications set out in Section 8 hereafter (herein “Biodiesel”) and
Crude Glycerin, Fatty Acids and Soapstock (“Co-products”) pursuant to a toll
processing arrangement.  Blackhawk
Biofuels desires that REG Marketing arrange for the delivery of Feedstocks for
processing at the Facility.

 

The Agreement

 

In
consideration of the mutual benefits and obligations herein provided and other
good and valuable consideration, Blackhawk Biofuels and REG Marketing agree as
follows:

 

1.             Offers
to Deliver Feedstocks for Processing.  REG Marketing may offer to deliver Feedstocks
to Blackhawk Biofuels’s Facility at Danville, IL, during the term of this
Agreement.

 

(a)           Orders
within Facility Commitment.  REG Marketing shall order the processing of
11.0 million pounds of Feedstocks at the Facility (“Facility Commitment”). Any
such order shall set out the type and quantity of Feedstocks, and the
Production Week for which such Feedstocks are intended for processing
(“Order”).  If such Order is timely made,
then unless otherwise agreed by the Parties REG Marketing shall deliver the
Feedstocks to Blackhawk Biofuels in time for production of the Biodiesel,
Blackhawk Biofuels shall process the Feedstocks and test and certify the
Biodiesel as meeting the agreed upon specifications under the applicable Order
during such Production Week, and REG Marketing shall arrange to pick up the
resulting Biodiesel during the two weeks immediately following such Production
Week.  Blackhawk Biofuels agrees to
provide written acknowledgment of all Orders placed by REG Marketing.  For purposes of this Agreement, a “Production
Week” shall mean a calendar week beginning at 8:00 a.m. on Monday and
ending at 7:59 a.m. on the following Monday, with weeks designated for
pick up of Biodiesel measured in similar fashion.

 

1

 

As
an example, for the Production Week commencing January 19, 2009, REG
Marketing would need to have delivered its Order for such Production Week on or
before 5:00 p.m. on Monday, January 5, 2009.  If such Order has been timely delivered to
Blackhawk Biofuels, REG Marketing would then deliver in the Feedstocks required
for such Production Week both before and during the production week.  Blackhawk Biofuels would then have the
Production Week of January 19 through January 26, 2009, to complete
production, test and certify the Biodiesel meets the agreed upon specifications
under the applicable Order.  REG
Marketing would then have from January 26 through 7:59 a.m. on February 9,
2009, to pick up the Biodiesel produced for such Production Week.  REG Marketing shall develop a sample “Order/Nomination”
form to be used by the Parties, which shall be attached as Exhibit A hereto.

 

Any Feedstocks purchased by Bunge North
America, Inc. (“Bunge”) pursuant to the terms of a Feedstock Purchase and
Sale Agreement dated June 30, 2009 (the “Feedstock Agreement”) by and
between Blackhawk Biofuels, REG Marketing and Bunge shall be included in
determining whether the Facility Commitment has been met.  Any purchase of Feedstocks by Bunge, however,
shall be governed exclusively by the terms of the Feedstock Agreement and such
purchases shall not be subject to the terms of this Agreement.

 

(b)           Offers
in Excess of the Facility Commitment.  REG Marketing may offer to deliver additional
Feedstocks beyond the Facility Commitment, subject to Blackhawk Biofuels’s acceptance.  Any such offer (“Nomination”) shall set out
the type and quantity of Feedstocks, the Production Week for which such
Feedstocks are intended for production, and advise of the time period during
which Blackhawk Biofuels shall be required to communicate Blackhawk Biofuels’s
acceptance back to REG Marketing (“Offer Period”).  The parties agree that such Offer Period will
not expire prior to 12:00 o’clock noon, local time at the Facility, on the
business day following that day during which the Nomination is delivered, and
provided further that (unless waived by Blackhawk Biofuels) a Nomination shall
not propose a Feedstocks delivery schedule with first delivery date less than
seven (7) calendar days after the end of the Offer Period.  If a Nomination is accepted by Blackhawk
Biofuels (as set out hereafter), then (unless otherwise agreed by the Parties)
REG Marketing agrees to deliver the Feedstocks to Blackhawk Biofuels pursuant
to the terms of the Nomination prior to such Production Week to utilize in the
production of the Biodiesel, Blackhawk Biofuels shall during such Production
Week process the Feedstocks and test and certify the Biodiesel as meeting the
agreed upon specifications under the applicable Nomination, and REG Marketing
shall arrange to pick up the resulting Biodiesel during the two weeks
immediately following such Production Week. 
The sample “Order/Nomination” form to be used by the Parties is attached
as Exhibit A hereto.

 

2.             Agreement
to Process Orders; Consideration of Nominations.

 

2

 

*** Confidential material redacted and filed separately
with the Commission.

 

(a)           Orders
within Facility Commitment.
Blackhawk Biofuels agrees to process Feedstocks for all Orders received
totaling up to 2.75 million pounds per Production Week, such processing to be
within the time frame as set out in Section 1(a) above (unless otherwise
agreed by the Parties).  Blackhawk and
REG Marketing agree that any shortfall in biodiesel production or shipments due
in the previous Agreement dated December 31st 2009 may be made up
under this Agreement without penalties.

 

(b)           Nominations
in Excess of Facility Commitment.  In addition, should REG Marketing offer to
deliver Feedstocks in excess of such Facility Commitment, Blackhawk Biofuels
will consider any such Nomination received, and shall have the right (but not
any obligation) to accept Nominations received from REG Marketing by notice
given during the Offer Period.  If
Blackhawk Biofuels gives timely acceptance of a Nomination (pursuant to the
provisions set out in this Agreement, herein an “Acceptance”), then Blackhawk
Biofuels agrees to process Feedstocks received pursuant to the terms of the
Nomination (and such other applicable provisions as set out herein).

 

3.             Manner
of Extending Order, Nominations, Acceptances.  Notwithstanding any provisions of Section 26(a) to
the contrary, the Parties may submit Orders, Nominations and Acceptances by
telephone or email, provided that any Order, Nomination or Acceptance submitted
by telephone must be followed by timely confirmation by email.

 

4.             Toll
Fees and Payment.  Blackhawk Biofuels shall be paid a toll fee
of $ *** for every gallon of Biodiesel at standard temperature and pressure
delivered to REG Marketing, produced at the Facility from the Feedstocks
delivered by REG Marketing for all volumes shipped up to 2,500,000 gallons in a
calendar month. Blackhawk Biofuels shall be paid a toll fee of $ *** for every
gallon of Biodiesel at standard temperature and pressure delivered to REG
Marketing, produced at the Facility from the Feedstocks delivered by REG
Marketing for all volumes shipped in excess of 2,500,000 gallons in a calendar
month. Payment shall be made as follows:

 

(a)           The
toll Fee under the terms of such Orders or Nominations by wired funds to
Blackhawk Biofuels on every Tuesday for Biodiesel delivered to REG Marketing
from the prior Tuesday thru Monday of that week. Delivered to REG Marketing
shall mean Biodiesel meeting specifications loaded per shipping instructions
FOB Danville, IL.

 

5.             Co-Products.  REG Marketing shall also be entitled to
receive at no additional cost, all glycerin and Fatty Acid produced as a result
of the processing of the Feedstocks.

 

6.             Methanol
and Catalyst.  REG
Marketing shall be responsible for the purchase and delivery of methanol and
catalyst to the Facility. The maximum allowed usage of methanol shall be ***
gal of methanol per gallon of biodiesel. The maximum allowed usage of catalyst
shall be *** lbs per gallon of biodiesel. Blackhawk Biofuels will reimburse REG
Marketing for usage of methanol and catalyst above the maximums. The reimbursement will be paid
for overusage at the average price of the chemicals multiplied by the overusage
amount based on the biodiesel produced on a monthly basis.  REG Marketing will invoice Blackhawk Biofuels
within the first 

 

3

 

week
of the following month.  Payment terms
will be 7 days from receipt of invoice from REG Marketing.  If the actual positive or negative usage
variance performance is greater than 10% from the values given above, the
parties will use data gathered while producing under steady state conditions
and adjust the maximum allowed usages with approval to not be unreasonably
withheld, conditioned or delayed by either party.  Any changes will be contained in an addendum
to this Agreement.

 

7.             Maximum
Feedstock Usage and Overusage.  In consideration of the Toll Fee and handling
of co-products agreed upon, Blackhawk Biofuels agrees the Maximum Feedstock
Usage(MFU) per Pound of Delivered Biodiesel shall be as defined in Exhibit B
for each Feedstock Type.

 

For feedstocks where a MFU value is
clearly identified and not calculated, the actual overuse, if any, will be
calculated as follows:

 

Overusage based on identified
MCU = A – ( B x MFU)

 

Where A = Actual pounds of
Feedstock delivered from aggregate BOL’s

 

B = Biodiesel produced from
Feedstock in gallons at standard conditions

 

MCU = defined value for
feedstock type

 

For higher FFA feedstocks or blends of
feedstocks that do not have an identified MFU and require the calculation, a
daily flow proportioned representative composite sample shall be tested and the
resulting %FFA will be used in the calculation. for MFU for the resulting
production volume.  For feedstocks where
a MFU value is calculated and not clearly identified, the actual overuse, if
any, will be calculated as follows:

 

Overusage
for High FFA and Blends based on MCU calculation = C – (B x MFU)

 

Where
C = Actual pounds of Feedstock delivered from aggregate BOL’s

 

B = Biodiesel produced from
Feedstock in gallons at standard conditions

 

MFU = “Exhibit B
calculation *1” using daily flow proportioned

 

representative
composite sample

 

The reimbursement will be paid for overusage at the
average price of the feedstock multiplied by the overusage amount based on the
biodiesel produced on a monthly basis. 
REG Marketing will invoice Blackhawk Biofuels within the first week of
the following month.  Payment terms will
be 7 days from receipt of invoice from REG Marketing.  If the actual positive or negative usage
variance performance is greater than 2% from the values given or calculated in Exhibit B,
the parties will use data gathered while producing under steady state
conditions and adjust the 

 

4

 

defined
MFU  or formula “*1” with approval to not
be unreasonably withheld, conditioned or delayed by either party.  Any changes will be contained in an addendum
to this Agreement.

 

8.             Feedstocks.  The Feedstocks to
be delivered to the Facility pursuant to this Agreement shall comply with the
specifications set forth on Exhibit B attached hereto or the specific
purchase order, whichever is the more restrictive specification.  For Example, if the tallow specification for
FFA in Exhibit B was <4 and the purchase order defined FFA as less than
<2, then <2 shall be the requirement. 
Prior to accepting deliveries of Feedstocks, Blackhawk Biofuels shall
have the right at its expense to inspect and test the tendered Feedstocks to
determine if it meets the specifications required under this Agreement, and if
any such Feedstocks does not meet the required specifications then Blackhawk
Biofuels shall have the right to reject such Feedstocks and require REG
Marketing, at its cost, to replace the same with Feedstocks that meets the
required specifications.  Should REG
Marketing propose any other type of Feedstocks other than identified on Exhibit B,
the Parties shall agree upon the written specifications and MFU applicable to such
additional feedstock, and approve and attach such specifications and MFU as an
addendum to Exhibit B with approval to not be unreasonably withheld,
conditioned or delayed by either party.

 

9.             Biodiesel.  The Biodiesel to be
produced pursuant to this Agreement shall comply with the specifications set
forth on Exhibit C attached hereto. 
At REG Marketing’s request, two (2) - one (1) litre samples of
the Biodiesel to be delivered to REG Marketing by Blackhawk Biofuels shall be
made available for testing at REG Marketing’s cost, prior to REG Marketing
picking up such Biodiesel.  Should
inspection and testing determine that any Biodiesel does not meet the required
specifications (whether determined before or after such Biodiesel has been
picked up by REG Marketing, and including after delivery to REG Marketing’s
customers), REG Marketing shall have the right to reject such Biodiesel, and
require Blackhawk Biofuels, at its cost, to replace the same with Biodiesel
that meets the required specifications.

 

10.          Term.  The term of this
Agreement shall be until January 31st, 2010 and commence upon its
signature by the Parties.

 

11.          Title.  Except as otherwise
provided herein, title to the Feedstocks delivered by REG Marketing pursuant to
this Agreement and title to the contractual amount of corresponding Biodiesel
and Co-products produced from such Feedstocks shall at all times be and remain
with REG Marketing.  Any Feedstocks
delivered by REG Marketing pursuant to the terms and conditions of the
Feedstock Agreement, however, shall at all times be and remain with Bunge until
such time as title to such Feedstocks passes to REG Marketing pursuant to the
terms of the Feedstock Agreement.

 

12.          Risk
of Loss; Insurance.  Risk of loss to the Feedstocks and the
Biodiesel and Co-Products produced therefrom shall at all times be borne by REG
Marketing, and REG Marketing will maintain such property insurance on the
Feedstocks and the Biodiesel  produced
therefrom as REG Marketing shall determine, in its sole discretion.

 

Blackhawk Biofuels and REG
Marketing shall each, at its own cost and expense, obtain and maintain, during
the term of this Agreement, comprehensive general liability insurance, in
minimum amounts of Five Million Dollars ($5,000,000) per occurrence for damage,
injury and/or death to persons, and One Million Dollars ($1,000,000) per
occurrence for damage and/or 

 

5

 

injury to property and Worker’s
Compensation Insurance as required by law. 
Such coverage shall be on a date of occurrence form, and be provided by
an insurance company reasonably satisfactory to the other Party.  Blackhawk Biofuels and REG Marketing shall
each provide the other with proof of such insurance coverage prior to any
Feedstocks being delivered, such insurance naming the other Party as an
additional insured, and providing that the coverage represented thereby shall
not be canceled nor modified unless at least thirty (30) days prior written
notice has been given to the additional insured.

 

13.          Inventory
Reports.  Blackhawk Biofuels will provide REG Marketing
with daily reports showing the receipt, usage and inventory of Feedstocks,
methanol and catalyst, and shipments, production and inventory of Biodiesel and
Co-products produced.

 

14.          Production
Costs.  Other than for the cost of the Feedstocks,
methanol, and catalyst purchased and delivered by REG Marketing, Blackhawk
Biofuels shall be responsible for all costs of producing the Biodiesel required
under this Agreement, including without limitation all labor costs and the cost
of utilities, chemicals other than methanol and catalyst and other consumables
used in such production.

 

15.          Testing.  Blackhawk Biofuels
shall be responsible for the cost of testing to fully certify the Biodiesel
meets the specifications identified in the Order or Nomination.  All sampling and testing shall be in
conformance with BQ-9000 rules and regulations.

 

16.          Freight
Costs.  REG Marketing will bear the cost of all
freight charges for the Feedstocks, methanol, and catalyst purchased by REG
Marketing, and Biodiesel and Co-Products to be produced therefrom, pursuant to
this Agreement.

 

17.          Protection
of REG Marketing’s Title.  In order to better evidence REG Marketing’s
ownership of the Feedstocks and the Biodiesel produced therefrom, Blackhawk
Biofuels hereby authorizes REG Marketing on its behalf, at any time and from
time to time to file protective financing statements in any Uniform Commercial
Code jurisdiction, which may include without limitation any initial financing
statements and amendments thereto that (i) describe the Feedstocks, and
the Biodiesel that is the subject of this Agreement, and (ii) contain any
other information required or appropriate to be included pursuant to the
Uniform Commercial Code of the state where filed, including that the
organizational identification number of Blackhawk Biofuels is 20-2760722.  Blackhawk Biofuels agrees to furnish any such
information to REG Marketing promptly upon request.  Blackhawk Biofuels will not purport to
pledge, mortgage or create, or suffer to exist a security interest in the
Feedstocks and the Biodiesel that is produced therefrom, in favor of any third
party, and Blackhawk Biofuels, upon the request of REG Marketing or in response
to any inquiry that may be made, will inform any lender, lessor or other third
party that has or may have a lien or security interest or any other interest in
property of Blackhawk Biofuels that REG Marketing is the owner of the
Feedstocks and the Biodiesel that is the subject of this Agreement.  “Notwithstanding anything to the contrary set
forth herein, Blackhawk Biofuels and REG Marketing acknowledge and agree that
pursuant to the terms of the Feedstock Agreement, Bunge shall have title in the
Feedstocks purchased by Bunge pursuant to the terms of the Feedstock Agreement,
and Bunge shall have the right to file precautionary financing statements and
amendments and/or continuations thereto pursuant to the Uniform Commercial Code
to further evidence and memorialize its absolute ownership interest in the
Feedstocks.”

 

6

 

18.          Product
Segregation.  REG Marketing, on behalf of Blackhawk
Biofuels, shall be allowed to add additional Feedstocks owned by REG Marketing
as needed to meet the quality and yield requirements hereunder, so long as such
additional Feedstocks have cold flow characteristics that are capable of
meeting the cold flow specifications set out on the applicable Order or
Nomination, and the Biodiesel to be produced shall in any event meet the
specifications required hereunder, as modified by the Order or Nomination and
Acceptance applicable.  In such event,
REG Marketing shall off-set any costs for such additional Feedstocks against
the toll fees to be paid by REG Marketing pursuant to Section 4
hereof.  Pursuant to the terms of the
Feedstock Agreement, Blackhawk Biofuels shall allow Bunge to store the
Feedstocks at the Facility; provided, however, such Feedstocks shall be
segregated from any Feedstocks owned by REG Marketing pursuant to the terms of
this Agreement.

 

19.          Failure
to Process.  If for any reason other than REG Marketing’s
failure to deliver Feedstocks, methanol, and catalyst as required under this
Agreement (and other than a matter covered by the force majeure provisions of
this Agreement) Blackhawk Biofuels fails to process the Feedstocks in to the
certified Biodiesel within the time frame contemplated by this Agreement,
Blackhawk Biofuels will pay to REG Marketing the amount determined by first
dividing the number of pounds of Feedstocks delivered to Blackhawk Biofuels by
the Maximum Feedstock Usage per gallon yield under Section 7 and
converting to gallons to determine the gallons of Biodiesel which should have
been processed (“Required Gallons”); second, subtracting the actual gallons of
Biodiesel received by REG Marketing from the Required Gallons to determine the
number of gallons which Blackhawk Biofuels failed to process (“Biodiesel
Shortage”); and third, multiply the Biodiesel Shortage by REG Marketing’s
average market price per gallon of Biodiesel delivered by Blackhawk Biofuels to
REG Marketing up to such time of computation (or if none delivered another
reasonable method of determining the market value of Biodiesel FOB Danville as
may be agreed by the Parties, or otherwise determined if the Parties can not so
agree).

 

20.          Facility
Shutdowns.  Blackhawk Biofuels agrees to notify REG
Marketing of any scheduled shutdowns a minimum of thirty (30) days in
advance.  In the event there are any
Facility shutdowns due to unscheduled power or mechanical problems which will
affect receiving or shipping schedules or are anticipated to continue for
twenty-four (24) hours or more Blackhawk Biofuels will notify REG Marketing as
soon as possible.

 

21.          Tax
Credits; Blending, Shipping & Loading.  Blackhawk Biofuels will, at the request of
REG Marketing, blend the Biodiesel with petroleum diesel (supplied by Blackhawk
Biofuels at its cost) to create B99.9 biodiesel at no additional charge to REG
Marketing.  Any excise tax or income tax
credit or refund, including any blender’s credit or CCC credit or refund (“Tax
Credits”) relating to the Biodiesel delivered to REG Marketing will be for the
account of REG Marketing, and shall be submitted (as applicable) to the United
States Internal Revenue Service (“IRS”) or other appropriate entity by
Blackhawk Biofuels, unless otherwise requested by REG Marketing Blackhawk
Biofuels will not claim any Tax Credits relating to the Biodiesel delivered to
REG Marketing without the written consent of REG Marketing.

 

7

 

In addition, Blackhawk Biofuels
shall fulfill the requests regarding additives and load temperature as set out
on the “Shipping/Loadout Request” form supplied by REG Marketing and complete
the loadout information for each load of Biodiesel shipped, all as set out on
the attached as Exhibit D hereto.

 

22.          RINs
and Biodiesel Certificates.  Blackhawk Biofuels and REG Marketing shall
cooperate with each other to generate Renewable Identification Numbers (RINs)
for the gallons of Biodiesel produced pursuant to this Agreement, with such
RINs to be the property of REG Marketing. 
Blackhawk Biofuels and REG Marketing shall also cooperate with each
other to issue biodiesel certificates for the Biodiesel produced pursuant to
this Agreement, which certificates shall be suitable for REG Marketing’s use in
collecting the $1.00 per gallon blender’s tax credit.  For purposes of clarity, all gallons for
these purposes shall be calculated on a temperature corrected basis (at 60° F).

 

23.          Force
Majeure.  Neither Party hereto shall be liable for any
delay arising from circumstances beyond its control including acts of God, riot
or civil commotion, industrial dispute, fire, flood, drought, act of
government, terrorist acts, war, or sabotage (except failures or delays
resulting from a lack of a Party’s funds), provided that the Party seeking to
be excused shall make every reasonable effort to minimize the delay resulting
therefrom and shall give prompt written notice of the force majeure event to
the other Party.  The obligations of the
Party giving notice, so far as they are affected by the force majeure event,
will be suspended during, but not longer than, the continuance of the force
majeure event.  The affected Party must
act with commercially reasonable diligence to resume performance and notify the
other Party that the force majeure event no longer affects its ability to
perform under the Agreement.

 

24.          Independent
Contractor.  Blackhawk Biofuels is acting hereunder and
its services are rendered to REG Marketing solely as an independent
contractor.  REG Marketing is not
authorized and shall not contract any obligations in the name of Blackhawk
Biofuels as a result of this Agreement (the Parties understanding that REG
Marketing may have such authority as may arise from other contracts entered in
to by the Parties, and including that Management and Operational Services
Agreement dated August 22, 2006 (“MOSA”)). 
Blackhawk Biofuels accepts full and exclusive liability for the payment
of any and all contributions or taxes for unemployment and workers’
compensation insurance, old age retirement benefits, pensions and annuities now
or hereafter imposed by any federal or state governmental authority which are
measured by wages, salaries or other remuneration paid to persons, and holds
harmless REG Marketing from any such liability. 
Blackhawk Biofuels agrees that in performing its duties contemplated by
this Agreement it shall comply with all applicable federal and state laws,
orders and regulations, and, to its knowledge, represents and warrants that the
Facilities are in compliance with existing environmental laws and regulations
and OSHA standards which may apply to the activities to be performed by
Blackhawk Biofuels hereunder.

 

25.          Confidentiality.

 

(a)           “Confidential
Information” of Blackhawk Biofuels and REG Marketing includes the terms of this
Agreement, the Feedstocks composition, the biodiesel specifications, all
business information of Blackhawk Biofuels and REG Marketing, including, but
not limited to, their respective pricing, supplier lists, quantities of
supplies purchased, all processing and manufacturing information of 

 

8

 

Blackhawk Biofuels and REG Marketing,
all processes and information used in the processing of Feedstocks into
Biodiesel, and all other confidential or proprietary information of Blackhawk
Biofuels and REG Marketing.  All
“Confidential Information” shall remain the sole property of the original owner
of that information.

 

(b)           Blackhawk
Biofuels and REG Marketing agree that (except as necessary for REG Marketing to
meet its obligations under the MOSA) they shall not for any purpose use or
disclose to any third party any Confidential Information not owned by it. Such
confidentiality obligations shall survive the expiration or earlier termination
of this Agreement.

 

26.          Default.  Each Party will be
entitled to all damages (including costs and reasonable attorney fees incurred
in enforcement of such Party’s rights hereunder) and other rights and remedies
available at law or in equity, in addition to any other remedies as may be
provided in this Agreement, upon the default or other failure to perform of the
other Party; provided, however, that before taking action to enforce such
breach or terminating this Agreement the Party claiming default or failure to
perform shall first provide the defaulting Party with written notice detailing
the circumstances of its failure to meet its obligations hereunder and an
opportunity to cure such failure within ten (10) days of such notice.

 

27.          Miscellaneous.

 

(a)           Notices.  Any notice
(including Nominations and Acceptances) required or permitted to be given
pursuant to this Agreement is validly given if in writing and: (i) personally
delivered; (ii) sent by electronic facsimile transmission or other means
of electronic communication capable of producing a printed copy and a
confirmation of delivery; or (iii) sent by prepaid registered mail or
recognized overnight carrier, addressed to the applicable party at its address
indicated below or to such other address as any party may specify by notice in
writing to the other.  Any notice
personally delivered on a business day will be deemed conclusively to have been
effectively given on the date notice was delivered.  Any notice given by facsimile or other means
of electronic communication will be deemed conclusively to have been given on
the date specified on the confirmation of such transmission.  Any notice sent by prepaid registered mail will
be deemed conclusively to have been effectively given when actually
received.  Notices shall be addressed as
follows:

 

	
  If to REG Marketing:

  	
   

  	
  416 S. Bell Avenue, PO Box
  888

  
	
   

  	
   

  	
  Ames, IA 50010

  
	
   

  	
   

  	
  Attn: Gary Haer

  
	
   

  	
   

  	
  Fax: (515) 239-8029

  
	
   

  	
   

  	
   

  
	
  If
  to Blackhawk Biofuels:

  	
   

  	
  210
  West Spring Street

  
	
   

  	
   

  	
  Freeport,
  Illinois 61032

  
	
   

  	
   

  	
  Attn:
  Ron Mapes

  
	
   

  	
   

  	
  Fax:
  (815) 235-4727

  

 

9

 

Any party may change the address to which notices are to be sent to it
by giving written notice of such change of address to the other parties in the
manner herein provided for giving notice. 
Any such notice, demand, request or other communication shall be deemed
given when mailed or delivered as aforesaid.

 

(b)                                 Cumulative Remedies.  The rights and remedies provided to Blackhawk
Biofuels and REG Marketing in this Agreement, or otherwise available at law or
in equity, shall be cumulative and may be exercised concurrently or
successively.

 

(c)                                  Governing Law/Choice of Forum.  This Agreement shall be deemed made and
entered unto in the State of Iowa and shall be governed and construed under and
in accordance with the laws of the State of Iowa without resort to said state’s
conflict of laws rules.  The U.S.
District Court for the Southern District of Iowa, or if such court lacks
jurisdiction, the Iowa District Court for Story County, Iowa, shall be the
venue and exclusive proper forum in which to adjudicate any case or controversy
arising either, directly or indirectly, under or in connection with this
Agreement.  The Parties further agree
that, in the event of litigation arising out of or in connection with these
matters, they will not contest or challenge the jurisdiction or venue of these
courts.

 

(d)                                 Amendments.  This Agreement may not be modified or amended
unless a written amendment to this Agreement is executed by REG Marketing and
Blackhawk Biofuels.

 

(e)                                  Severability.  If any provision of this Agreement may be
construed in two ways, one of which would render the provision illegal or
otherwise voidable and unenforceable and the other of which would render the
provision valid and enforceable, such provision shall have the meaning which
renders it valid and enforceable.  The
language of all provisions of this Agreement shall be construed according to
its fair meaning and not strictly against REG Marketing or Blackhawk
Biofuels.  It is the intention of the
Parties that the provisions of this Agreement be enforced to the fullest
extent.  In the event that any court
shall determine that any provision of this Agreement is unenforceable as
written, the Parties agree that the provision shall be amended so that it is
severable and they shall be interpreted and enforced as if all completely
invalid or unenforceable provisions were not contained in this Agreement.  Partially valid and enforceable provisions
shall be enforced to the extent that they are partially valid and enforceable.

 

(f)                                    Captions.  Section captions are used only for
convenience and are in no way to be construed as a part of this Agreement or as
a limitation of the scope of the particular sections to which they refer.  Words of any gender used in this Agreement
shall include any other gender, and words in the singular shall include the
plural where the context requires.

 

(g)                                 Assignment.  Neither Party may assign any of its rights in
or delegate any of its duties under this Agreement without the prior written
consent of the other Party. 
Notwithstanding the foregoing, a Party (“Assignor”) may without the need
for

 

10

 

*** Confidential material redacted and filed separately
with the Commission.

 

consent from the other Party assign any
or all of its rights, duties and obligations under this Agreement to another
entity, or to such Party’s affiliate or successor (collectively herein “Assignee”),
if such Assignee expressly assumes all obligations not otherwise remaining with
Assignor hereunder, and Assignor nonetheless remains responsible hereunder.

 

(h)                                 Interpretation.  This Agreement has been prepared after
extensive negotiation between the Parties hereto, and if any ambiguity is
contained herein, then in resolving such ambiguity, no weight shall be given in
favor of or against either Party solely on account of its drafting this
Agreement.

 

(i)                                     Entire Agreement.  Time is of the essence of this
Agreement.  This Agreement together with
the Exhibits referenced herein constitute the entire agreement by and between
the Parties and all prior written and verbal agreements, proposals,
representations and other communications between the Parties regarding this
tolling arrangement are superseded.

 

(j)                                     Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall
be deemed an original, but all of which together will constitute one and the
same instrument, and may be executed and delivered by facsimile signature or
similar means, which shall be considered an original.

 

(k)                                  Most Favored Terms.  Blackhawk Biofuels represents and warrants as
of the date hereof and covenants and agrees from and after the date hereof that
none of the provisions offered to any other person or entity is or will be more
favorable to such person or entity than those offered under this Agreement,
and, if they are or become more favorable to any other person or entity during
the term of this Agreement or any continuation or extension thereof, Blackhawk
Biofuels shall give written notice thereof to REG Marketing, and REG Marketing
shall have the option (which option must be exercised by written notice to
Blackhawk Biofuels with ten (10) business days after notice thereof) to
amend this Agreement to include any such more favorable terms.  If such option is exercised, Blackhawk
Biofuels and REG Marketing shall execute an appropriate written amendment to
this Agreement.

 

(l)                                     MOSA Fee.  In view of the fact that this Agreement is to
process Feedstocks owned by REG Marketing for the benefit of REG Marketing, REG
Marketing agrees that Blackhawk Biofuels shall not be required to pay the
variable fee of $ *** /gal under the MOSA for the volume of Biodiesel processed
for and delivered to REG Marketing under this Agreement.  Blackhawk BioFuels shall continue to pay the
Fixed fee of $ *** per month as outlined in the MOSA.

 

11

 

IN WITNESS WHEREOF, Blackhawk
Biofuels and REG Marketing have executed this Agreement as of the date first
shown above.

 

	
  BLACKHAWK BIOFUELS, LLC

  	
   

  	
  REG MARKETING & LOGISTICS GROUP, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By

  	
  /s/ RONALD L. MAPES

  	
   

  	
  By:

  	
  /s/ GARY HAER

  
	
  Name

  	
  Ronald L. Mapes

  	
   

  	
  Name:

  	
  Gary Haer

  
	
  Title

  	
  Chair

  	
   

  	
  Title:

  	
  Vice President

  

 

12

 

 

Exhibit A

 

(Form of Order/Nomination)

 

                             ORDER NUMBER                 or
                                   NOMINATION
NUMBER

 

	
  For Production Week
  beginning:

  	
   

  	
  /

  	
  /

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date Sent to Blackhawk
  BioFuels, LLC:

  	
   

  	
  /

  	
  /

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date Reviewed by Blackhawk
  BioFuels, LLC:

  	
   

  	
  /

  	
  /

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Blackhawk BioFuels, LLC’s
  Action: (circle)        ACCEPT

  	
  or

  	
  REJECT

  
	
   

  	
   

  	
   

  
	
  Date Accepted/Rejected by
  Blackhawk BioFuels, LLC:

  	
   

  	
  /

  	
  /

  	
   

  

 

	
  Product Specification

  	
  o   REG – 9000 ASTM

  
	
  o   REG – 9000 EN

  
	
   

  	
   

  
	
  Cold Flow Specification

  	
  o   Cloud            °C

  
	
  o   CFPP            °C

  

 

	
  FEEDSTOCK TYPE

  	
   

  	
  Lbs ORDERED

  	
   

  	
  Contr. Yield

  	
   

  	
  Contr. Gallons

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TOTAL

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  Date

  	
   

  	
  Date

  
	
  REG
  Marketing & Logistics Group, LLC.

  	
   

  	
  Blackhawk
  BioFuels, LLC.

  

 

13

 

*** Confidential material redacted and filed separately
with the Commission.

 

 

“Exhibit B”

 

REG Feedstock Specifications

 

	
   

  	
   

  	
  Analytical
  

  	
   

  	
  Free
  Fatty

  Acid

  (as Oleic)

  	
   

  	
  Moisture

  	
   

  	
  Insoluble

  Impurities

  	
   

  	
  Total
  MIU

  	
   

  	
  Phosphorus

  	
   

  	
  Color

  (FAC

  Scale)

  	
   

  	
  Maximum

  Feedstock

  Usage per

  Gallon of

  BioDiesel

  (MFU)

  	
   

  
	
   

  	
   

  	
  Method

  	
   

  	
  AOCS Ca

  	
   

  	
  AOCS Ca

  	
   

  	
  AOCS Ca

  	
   

  	
   

  	
   

  	
  AOCS Ca

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Feedstock
  

  	
   

  	
  Feedstock
  

  	
   

  	
  5a-40

  	
   

  	
  2c-25

  	
   

  	
  3a-46

  	
   

  	
  calc

  	
   

  	
  12-55

  	
   

  	
  AOCS Ca

  	
   

  	
   

  	
   

  
	
  Group

  	
   

  	
  Type

  	
   

  	
  wt%

  	
   

  	
  wt%

  	
   

  	
  wt%

  	
   

  	
  wt%

  	
   

  	
  ppm

  	
   

  	
  13a-43

  	
   

  	
  Lbs/Gal

  	
   

  
	
   

  	
   

  	
  RB Soy

  	
   

  	
  <0.25

  	
   

  	
  <0.3

  	
   

  	
  <0.05

  	
   

  	
  <1.5

  	
   

  	
  <20

  	
   

  	
  Clear & bright

  	
   

  	
  7.40

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Crude Degummed Soy

  	
   

  	
  <1.0

  	
   

  	
  <0.3

  	
   

  	
  <0.25

  	
   

  	
  <2.0

  	
   

  	
  <200

  	
   

  	
  Typical

  	
   

  	
  7.60

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Distillers Corn Oil

  	
   

  	
  <15

  	
   

  	
  <1.0

  	
   

  	
  <0.5

  	
   

  	
  <2.5

  	
   

  	
  <20

  	
   

  	
  Typical

  	
   

  	
  8.90

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Edible Tallow

  	
   

  	
  <0.75

  	
   

  	
  <0.2

  	
   

  	
  <0.05

  	
   

  	
  <1.0

  	
   

  	
  <400

  	
   

  	
  Typical

  	
   

  	
  7.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Animal Fats

  	
   

  	
  Tallow

  	
   

  	
  <4

  	
   

  	
  <1.0

  	
   

  	
  <0.25

  	
   

  	
  <2.0

  	
   

  	
  <400

  	
   

  	
  Typical

  	
   

  	
  * (1)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Poultry Fat/Grease

  	
   

  	
  <8.0

  	
   

  	
  <1.0

  	
   

  	
  <0.25

  	
   

  	
  <2.0

  	
   

  	
  <400

  	
   

  	
  Typical

  	
   

  	
  * (1)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Choice White Grease

  	
   

  	
  <4

  	
   

  	
  <1.0

  	
   

  	
  <0.25

  	
   

  	
  <2.0

  	
   

  	
  <400

  	
   

  	
  Typical

  	
   

  	
  * (1)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Yellow Grease & UFO

  	
   

  	
  < 15

  	
   

  	
  <1.0

  	
   

  	
  <0.25

  	
   

  	
  <2.0

  	
   

  	
  <400

  	
   

  	
  Typical

  	
   

  	
  * (1)

  	
   

  

 

* (1) Calculation for Maximum Feedstock Usage using high FFA feedstocks

 

Maximum
Feedstock Usage = (*** x %
FFA) +***

Example: Tested FFA = ***

 

Max
Usage = (*** x ***%) + *** = *** lbs/gal of Biodiesel

 

14

 

 

Attachment C

 

REG-9000Ô ASTM

 

Based
off ASTM D6751 Specifications

 

	
  Test Parameter

  	
   

  	
  REG-9000Ô

  Limit

  	
   

  	
  Units

  	
   

  	
  Test Method

  (current revision)

  
	
  Cloud
  point:

  	
   

  	
  Per
  Order

  	
   

  	
  °C

  	
   

  	
  D 2500 Allowable
  variance of +/- 2°C

  
	
  Free
  Glycerin:

  	
   

  	
  < 0.014

  	
   

  	
  % Mass

  	
   

  	
  D 6584

  
	
  Total
  Glycerin:

  	
   

  	
  < 0.15

  	
   

  	
  % Mass

  	
   

  	
  D 6584

  
	
  Monoglycerides(1):

  	
   

  	
  < 0.500

  	
   

  	
  % Mass

  	
   

  	
  D 6584

  
	
  Diglycerides(2):

  	
   

  	
  < 0.200

  	
   

  	
  % Mass

  	
   

  	
  D 6584

  
	
  Triglycerides(3):

  	
   

  	
  < 0.150

  	
   

  	
  % Mass

  	
   

  	
  D 6584

  
	
  Water &
  Sediment:

  	
   

  	
  < 0.020

  	
   

  	
  %
  Volume

  	
   

  	
  D 2709

  
	
  Acid
  Number:

  	
   

  	
  < 0.40

  	
   

  	
  mg
  KOH/g

  	
   

  	
  D 664

  
	
  Visual
  Inspection:

  	
   

  	
  1, max

  	
   

  	
  Haze

  	
   

  	
  D 4176,
  procedure 2

  
	
  Relative
  Density at 60°F:

  	
   

  	
  0.85 - 0.90

  	
   

  	
  n/a

  	
   

  	
  D1298 (BQ-9000)

  
	
  Oxidation
  Stability (100°C)

  	
   

  	
  3 min
  or per Shipping Request

  	
   

  	
  hrs

  	
   

  	
  EN 14112

  
	
  Flash
  point (closed cup):

  	
   

  	
  > 93

  	
   

  	
  °C

  	
   

  	
  D 93

  
	
  Alcohol
  Control

  	
  Option
  1: Methanol

  	
   

  	
  < 0.2

  	
   

  	
  %
  Volume

  	
   

  	
  EN 14110

  
	
   

  	
  Option
  2: Flashpoint

  	
   

  	
  > 130

  	
   

  	
  °C

  	
   

  	
  D 93

  
	
  Moisture(4):

  	
   

  	
  < 0.020

  	
   

  	
  %
  Volume

  	
   

  	
  E203

  
	
  Cold
  Soak Filtration:

  	
   

  	
  < 200

  	
   

  	
  seconds

  	
   

  	
  D 6751 Annex

  
	
  Sulfur:

  	
   

  	
  < 10

  	
   

  	
  ppm

  	
   

  	
  D 2622

  
	
  Sodium &
  Potassium Combined:

  	
   

  	
  < 2.0

  	
   

  	
  ppm
  (μg/g)

  	
   

  	
  EN 14538

  
	
  Calcium &
  Magnesium Combined:

  	
   

  	
  < 1.0

  	
   

  	
  ppm
  (μg/g)

  	
   

  	
  EN 14538

  
	
  Phosphorus:

  	
   

  	
  < 0.001

  	
   

  	
  % Mass

  	
   

  	
  D 4951

  
	
  Carbon
  Residue:

  	
   

  	
  < 0.05

  	
   

  	
  % Mass

  	
   

  	
  D 4530

  
	
  Sulfated
  Ash:

  	
   

  	
  < 0.02

  	
   

  	
  % Mass

  	
   

  	
  D 874

  
	
  Kinematic
  Viscosity at 40°C:

  	
   

  	
  3.8 - 5.0

  	
   

  	
  mm2/sec.

  	
   

  	
  D 445

  
	
  Copper
  Corrosion (3 hrs at 50°C):

  	
   

  	
  No. 1

  	
   

  	
  n/a

  	
   

  	
  D 130

  
	
  Distillation
  at 90% Recovered:

  	
   

  	
  360, max

  	
   

  	
  °C

  	
   

  	
  D 1160

  
	
  Cetane
  number:

  	
   

  	
  47, min

  	
   

  	
  n/a

  	
   

  	
  D 613

  

 

(1),(2),(3),(4),(5)
 These are not ASTM D 6751 nor BQ9000
specification requirements

 

15

 

 

Attachment C-2

 

REG-9000Ô EN

 

Based
off EN 14214 Specifications

 

	
  Test Parameter

  	
   

  	
  REG-9000Ô
  Limit

  	
   

  	
  Units

  	
   

  	
  Method

  
	
  Free
  Glycerin:

  	
   

  	
  0.014

  	
   

  	
  % (m/m)

  	
   

  	
  EN 14105

  
	
  Total
  Glycerin:

  	
   

  	
  0.150

  	
   

  	
  % (m/m)

  	
   

  	
  EN 14105

  
	
  Monoglycerides:

  	
   

  	
  0.500

  	
   

  	
  % (m/m)

  	
   

  	
  EN 14105

  
	
  Diglycerides:

  	
   

  	
  0.200

  	
   

  	
  % (m/m)

  	
   

  	
  EN 14105

  
	
  Triglycerides:

  	
   

  	
  0.150

  	
   

  	
  % (m/m)

  	
   

  	
  EN 14105

  
	
  Ester
  Content:

  	
   

  	
  > 96.5

  	
   

  	
  % (m/m)

  	
   

  	
  EN 14103

  
	
  Linolenic
  Acid Methyl Ester:

  	
   

  	
  12, max

  	
   

  	
  % (m/m)

  	
   

  	
  EN 14103

  
	
  Polyunsaturate
  Methyl Ester:

  	
   

  	
  1, max

  	
   

  	
  % (m/m)

  	
   

  	
  EN 14103

  
	
  Total
  Contamination:

  	
   

  	
  24, max

  	
   

  	
  mg/kg

  	
   

  	
  EN 12662

  
	
  Acid
  Number:

  	
   

  	
  < 0.40

  	
   

  	
  mg
  KOH/g

  	
   

  	
  EN 14104

  
	
  Cold
  Filter Plugging Point:

  	
   

  	
  Per
  Order

  	
   

  	
  °C

  	
   

  	
  EN 116 Allowable
  variance of +/- 2°C

  
	
  Density
  @15°C:

  	
   

  	
  860 - 900

  	
   

  	
  kg/m3

  	
   

  	
  EN ISO 3675

  
	
  Oxidative
  Stability:

  	
   

  	
  6 min
  or per Shipping Request

  	
   

  	
  hrs

  	
   

  	
  EN 14112:2003

  
	
  Flashpoint:

  	
   

  	
  > 170

  	
   

  	
  °C

  	
   

  	
  EN ISO 3679

  
	
  Iodine
  Value:

  	
   

  	
  120 Max

  	
   

  	
  g/100g

  	
   

  	
  EN 14111

  
	
  Methanol
  Content:

  	
   

  	
  0.2, max

  	
   

  	
  % (m/m)

  	
   

  	
  EN 14110

  
	
  Water
  Content:

  	
   

  	
  200, max

  	
   

  	
  mg/kg

  	
   

  	
  EN ISO 12937

  
	
  Sulfur
  Content:

  	
   

  	
  < 10

  	
   

  	
  mg/kg

  	
   

  	
  EN ISO 20846

  
	
  Phosphorus
  Content:

  	
   

  	
  < 10

  	
   

  	
  mg/kg

  	
   

  	
  EN 14107

  
	
  Sodium &
  Potassium Combined:

  	
   

  	
  < 2

  	
   

  	
  mg/kg

  	
   

  	
  EN 14538
  BS2000-547

  
	
  Calcium &
  Magnesium Combined:

  	
   

  	
  < 2.0

  	
   

  	
  mg/kg

  	
   

  	
  EN 14538
  BS2000-547

  
	
  Sulfated
  Ash:

  	
   

  	
  < 0.02

  	
   

  	
  % (m/m)

  	
   

  	
  ISO 3987

  
	
  Kinematic
  Viscosity at 40°C:

  	
   

  	
  3.5 - 5.0

  	
   

  	
  mm2/sec.

  	
   

  	
  EN ISO 3104

  
	
  Copper
  Corrosion @ 50°C for 3hrs:

  	
   

  	
  1, max

  	
   

  	
  n/a

  	
   

  	
  EN ISO 2160

  
	
  Cetane
  Number:

  	
   

  	
  51 Min.

  	
   

  	
  n/a

  	
   

  	
  EN ISO 5165

  
	
  Carbon Residue @ 10% distillation remnant:

  	
   

  	
  0.3

  	
   

  	
  %(m/m)

  	
   

  	
  EN ISO 10370

  
	
  Cold
  Soak Filtration:

  	
   

  	
  < 200

  	
   

  	
  seconds

  	
   

  	
  D 6217 Annex

  

 

16

 

 

Exhibit D

Shipping/Loadout Request

 

	
  Today’s Date:

  	
  /         /

  	
   

  
	
  Target Date to Load:

  	
  /         /

  	
   

  
	
   

  	
   

  
	
  Loading Requirements

  
	
   

  
	
   

  	
  o   Truck                  Trucking
  Company                                       

  
	
   

  	
  o   REG Railcar

  
	
   

  	
   

  
	
   

  	
  Product:

  
	
   

  	
  o   B99.9

  
	
   

  	
  o   B100

  
	
   

  	
   

  
	
   

  	
  o   Oxidative Additive:                                          ppm

  
	
   

  	
  o   Minimum Load Temperature:                                             °F

  
				

 

Blackhawk Fills out
Remainder of form:

 

Lot Number:

 

o  Loadout Checklist Complete.  Operator initials

 

Seal Numbers:

 

Railcar ID:

 

RIN #’s

 

 

	
  Time Scheduled

  	
  *Biodiesel Loaded (gal)

  	
   

  
	
   

  	
   

  	
   

  
	
  Time Arrived

  	
  *Diesel Loaded (gal)

  	
   

  
	
   

  	
   

  	
   

  
	
  Time Loaded

  	
  *Total Gallons             (gal)

  	
   

  
	
   

  	
   

  	
   

  
	
  BOL #

  	
   

  	
   

  

 

*Gal corrected to 60 degrees Fahrenheit.

 

When completed Scan and e-mail to:  bill.neese@regfuel.com, adam.sander@regfuel.com,
mike.alleman@regfuel.com, dave.simon@regfuel.com, natan.wylke@com,
Jason.schwenneker@regfuel.com.

 

17

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