Document:

Exhibit
10.2

MEMBER ETHANOL FUEL MARKETING AGREEMENT

THIS AGREEMENT, entered into as of this
1st day of April, 2007, (“Effective Date”) by and between RENEWABLE PRODUCTS
MARKETING GROUP, LLC, a Minnesota limited liability company, hereinafter
referred to as “Renewable Products”; and DAKOTA ETHANOL L.L.C., a South Dakota
limited liability company, hereinafter referred to as “Member”.

WITNESSETH:

WHEREAS, Renewable Products is a Minnesota limited
liability company formed for the purpose of marketing fuel grade ethanol (“Ethanol”)for
its members and others, and

WHEREAS, Dakota Ethanol is a South Dakota limited
liability company formed for the purpose of operating a plant in Wentworth SD
for the production of Ethanol, and is a member of Renewable Products, and

WHEREAS, as a condition to its membership in
Renewable Products, Member has agreed to market all of the Ethanol produced by
Member through Renewable Products and Renewable Products has agreed to market
such Ethanol production; and

WHEREAS, the parties desire to enter into this
Agreement, for purposes of setting out the terms and conditions of the
marketing arrangement;

NOW THEREFORE, in consideration of the
mutual covenants and promises herein contained, the parties hereto agree as
follows:

1. Exclusive Marketing Representative.
Renewable Products shall, subject to the terms and conditions of this
Agreement, be the sole marketing representative for the entire Ethanol
production of Member at the plant located at Wentworth during the term of this
Agreement. *_ (Insert any exceptions i.e. alcohol for human consumption, limited
sale of E 85).

2. Ethanol Specifications. All of the
Ethanol produced by Member and marketed by Renewable Products will, when
delivered to a common carrier by Member, be Ethanol of merchantable quality and
will be fit for its intended purpose. All such Ethanol will conform to the
specifications described in A.S.T.M. 4806 and such other specifications that
may be, from time to time, promulgated by the industry for E-Grade denatured
fuel ethanol.

3. Best Efforts to Market. Since Renewable
Products shall have the exclusive right to market all the Ethanol produced by
Member during the term of this Agreement as described in Section 1 herein,
Renewable Products shall use its best efforts and good faith to market all such
Ethanol; provided, however, that Renewable Products’ obligation hereunder shall
be excused in case of war, insurrection, civil disturbance, transportation
shortage or interruption, fire, flood, other natural calamity, labor dispute,
any adverse

governmental statute, regulations or decree (including any
court order or decree) or other act of God beyond the control of Renewable
Products that directly effects Renewable Products’ ability to market Ethanol
generally.

4. Risk of Loss. Renewable Products shall
be responsible for and shall bear the risk of loss of (subject to the terms of
this Agreement) all Ethanol produced by Member as described in Section 1 herein
from the time the common carrier or customer takes custody of the product at
Member’s facility in either a railcar and/or tank truck.

5. Specific Marketing Tasks. Renewable
Products shall be responsible for and shall have complete discretion in the
marketing, sale and delivery of all Ethanol produced from Member’s facility
during the term of this Agreement, including, but not limited to:

·                                          Obtaining sufficient railcar, tank trucks and other transport
as may be needed to transport said production;

·                                          Negotiating the rates and tariffs to be charged for delivery
of such production to the customer;

·                                          Promoting and advertising the sale of Ethanol as appropriate;

·                                          Ascertaining that such production is delivered where
contracted and intended;

·                                          Handling all purchase agreements with consumers and any
complaints in connection therewith; and

·                                          Collecting all accounts and undertaking any legal collection
procedures as may be necessary.

6. Negotiation of Ethanol Price. Renewable
Products will use its best efforts to obtain the best price for all Ethanol
sold by it subject to the terms of this Agreement, but shall have complete
discretion to fix the price, terms and conditions of the sale of Member’s
Ethanol production which shall include the right to pool production of Member
with the production of other Members and non-members that have agreed to market
Ethanol production through Renewable Products.

7. Ethanol Marketing Under Pooling Arrangement.
Renewable Products shall market the Ethanol production of Member under the
pooling arrangement maintained by Renewable Products for its Members and other
contracting producers. Under such pooling arrangement, Renewable Products will
market the aggregate production of all Members and other contracting non-member
producers to customers. Member shall furnish estimates of production to
Renewable Products as hereinafter provided and based on such estimates and the
estimated production of all other pool participants, Renewable Products shall
contract for the sale of such estimated production. Determination of Member’s
share of revenue and payment of the Ethanol selling price to Member shall be
made by Renewable Products as follows:

(a) The Estimated Price for Ethanol Sold to
Renewable Products by Member. Renewable Products agrees to pay Member a
price for all Ethanol sold on behalf of Member by Renewable Products under this
Agreement that is equal to the “Actual Pooled Netback Ethanol Selling Price,”as
defined in this Section 7. For purposes of this Agreement, a preliminary
Estimated Pooled Netback Ethanol Price will be calculated and paid as follows:

(i) The Estimated Delivered Ethanol Selling Price.
Each week, Renewable

Products
shall calculate the estimated delivered ethanol selling price per gallon of all
of the Member’s Ethanol that Renewable Products sells to its customers through
operation of the ethanol pool. This amount will hereinafter be referred to as
the “Estimated Delivered Ethanol Selling Price.”

(ii) The Pooled Average Delivered Ethanol Selling
Price. Based upon the Estimated Delivered Ethanol Selling Price calculated
for each pool participant, Renewable Products shall calculate the Pooled
Average Delivered Ethanol Selling Price which shall be a weighted average of
each pool participant’s Estimated Delivered Ethanol Selling Price averaged in
direct proportion to the volume of Ethanol supplied to the pool by each pool
participant for the week in which the estimate is calculated.

(iii) The Deduction for Estimated Direct Ethanol
Distribution Expense. Each week Renewable Products shall calculate the
estimated distribution expenses directly incurred in connection with
distributing the Ethanol sold under this Agreement for the account of each pool
participant (the “Estimated Direct Ethanol Distribution Expense”). The
Estimated Direct Ethanol Distribution Expense will include, but not necessarily
be limited to, all of Renewable Products’ transportation costs, rail car costs,
throughput costs, storage costs, demurrage at unloading locations, inventory
costs, and other distribution costs directly incurred in connection with
distributing the Ethanol sold under this Agreement for the account of each pool
participant.

(iv) The Pooled Average Direct Ethanol Distribution
Expense. Based upon the Estimated Direct Ethanol Distribution Expense
calculated for each pool participant, Renewable Products shall calculate the Pooled
Average Direct Ethanol Distribution Expense which shall be a weighted average
of each pool participant’s Estimated Direct Ethanol Distribution Expense
averaged in direct proportion to the volume of Ethanol supplied to the pool by
each pool participant for the week for which the estimate is calculated.

(v) The Estimated Pooled Netback Ethanol Selling
Price. The difference between the Pooled Average Estimated Delivered
Ethanol Selling Price and the Pooled Average Direct Ethanol Distribution
Expense shall be the Estimated Pooled Netback Ethanol Selling Price to be paid
to Member by Renewable Products for the applicable week.

(vi) Invoices and Payments Between Member and
Renewable Products. Member will invoice Renewable Products, upon shipment,
at the applicable Estimated Pooled Netback Ethanol Selling Price less the
estimated prevailing management fee as determined from time to time by the
Board of Governors for all Ethanol to be sold by Renewable Products on behalf
of Member under this Agreement. Renewable Products will use its best efforts to
pay Member for all such Ethanol within 10 business days from the date of
delivery, with delivery occurring at the time the common carrier takes
possession of the Ethanol.

(b) The Actual Pooled Netback Ethanol Selling Price
for Ethanol Sold to Renewable Products by Member.

(i) The Actual Pooled Netback Ethanol Selling Price.
Since the Actual Pooled Netback Ethanol Selling Price cannot be determined
before Renewable Products sells the Ethanol delivered by Member under this
Agreement, Renewable Products shall reconcile the Estimated Pooled Netback
Ethanol Selling Price with Actual Pooled Netback Ethanol Selling Price on a
monthly basis as provided below.

(ii) Calculation of Actual Selling Prices After Each Month.
At the end of each month, promptly after the information necessary to calculate
the Actual Pooled Netback Ethanol Selling Price becomes available; Renewable
Products will calculate the Actual Pooled Netback Ethanol Selling Price for the
preceding month. Renewable Products shall use the same methodology that is used
to calculate the Estimated Pooled Netback Ethanol Selling Price except that the
calculation shall be based on the Actual Delivered Ethanol Selling Price sold
during the month and the Actual Direct Distribution Expense incurred by
Renewable Products during the period. Renewable Products will provide that
Actual Pooled Netback Ethanol Selling Price to Member along with a summary of
the calculations used by Renewable Products to arrive at the Actual Pooled Netback
Ethanol Selling Price.

(iii) Reconciliation of Estimated Selling Prices and
Actual Selling Prices After Each Month. Within ten (10) days after
Renewable Products provides Member with the Actual Pooled Netback Ethanol
Selling Price for the preceding month, the parties will reconcile the
difference between the Estimated Pooled Netback Ethanol Selling Price and the
Actual Pooled Netback Ethanol Selling Price for the preceding month, and the
difference between the estimated management fee and actual management fee for
the preceding month. If the Estimated Pooled Netback Ethanol Selling Price
exceeded the Actual Pooled Netback Ethanol Selling Price then Member will
refund to Renewable Products the overpayments that it previously received from
Renewable Products within ten (10) days after the completion of the
reconciliation. On the other hand, if the Estimated Pooled Netback Ethanol
Selling Price was less than the Actual Pooled Netback Ethanol Selling Price,
then Renewable Products will pay Member the additional amounts owed to Member
within ten (10) days after the completion of the actual and estimated selling
price reconciliation. A similar adjustment will be made to reconcile the actual
management fee to the estimated management fee. In lieu of Member directly
refunding any amounts to Renewable Products by separate payment and Renewable
Products directly refunding any amounts to Member by separate payment, under
this Section 7 the parties may offset the required amounts on their next
respective monthly payments.

(c) Audit. Within ninety (90) days following
each anniversary date of this Agreement and subject to the confidentiality
provisions of this Agreement, Member shall

name have the right to inspect the books and records of
Renewable Products for the purpose of auditing calculations of the Actual
Pooled Netback Ethanol Selling Price and actual management fees for the
preceding year. Member shall give written notice to Renewable Products of its
desire to conduct an audit and Renewable Products shall provide reasonable
access to all financial information necessary to complete such audit. The audit
shall be conducted by an accounting firm agreeable to both parties and shall be
completed within 45 days following appointment of the auditor. The cost of the
audit shall be the responsibility of Member unless the auditor determines that
Renewable Products underpaid Member by more than 3% for the period audited, in
which case Renewable Products shall pay the cost of the audit. If the auditor
determines that Renewable Products underpaid Member, Renewable Products shall
promptly pay such underpayment to Member and if the auditor determines that
Renewable Products overpaid Member, Member shall promptly pay the overpayment
to Renewable Products. The determination of the auditor shall be binding on
both parties. If Member fails to exercise its right to audit as provided in
this Section 7(c) for any year, it shall be deemed to have waived any claim to
dispute the Actual Netback Ethanol Selling Price and management fee for such
year.

(d) Most Favorable Terms. If Renewable Products
enters into any Ethanol marketing agreement, with any current or future Ethanol
pool participant on terms that are more favorable to the pool participant than
the terms provided to Member under this Agreement, Renewable Products shall
provide to Member a copy of such agreement and Member shall have the right, by
written notice to Renewable Products given not more than ten (10) business days
after receipt of such agreement, to receive the same rights and benefits
conferred under such other agreement.

8. Accounts Receivable/Rail Car Leases/Termination
of Contract. Renewable Products shall do all billing in regard to the sale
of Ethanol pursuant to this Agreement, collect all receivables and be responsible
for any delinquent accounts. All risks associated with accounts receivable
shall be borne by Renewable Products. Renewable Products will lease railcars to
be used by Member and all lease costs will be included in the calculation of
Direct Ethanol Distribution Expense. If this Agreement is terminated for any
reason the lease for the railcars leased by Renewable Products for the
transport of Member’s Ethanol may be assigned to Member at the sole option of
Renewable Products. In such case Member shall assume the lease and shall be
obligated to the terms and conditions of said lease. Renewable Products shall
provide Member the opportunity to review and approve the terms and conditions
of any such railcar lease as well as the terms and conditions of any amendments
or modifications to any such railcar lease before Renewable Products first
executes the same. The parties understand that the assignment of the lease is
subject to the approval of the lessor of the railcars.

9. No “Take or Pay” The parties agree that this
is not a “take or pay contract” and that Renewable Products’ liability is
limited to payment for Ethanol delivered by Member pursuant to this Agreement.

10. Term. The term of this Agreement shall
commence on the Effective Date and

shall continue so long as Member remains a member of
Renewable Products.

11. Termination. This Agreement may be
terminated under the circumstances set out below.

(a) Termination for Intentional Misconduct. If either
party engages in intentional misconduct reasonably likely to result in
significant adverse consequences to the other party, the party harmed or likely
to be harmed by the intentional misconduct may terminate this Agreement
immediately, upon written notice to the party engaging in the intentional
misconduct.

(b) Termination for Uncured Breach. If one of the
parties breaches the terms of this Agreement, the other party may give the
breaching party a notice in writing which specifically sets out the nature and
extent of the breach, and the steps that must be taken to cure the breach.
After receiving the written notice, the breaching party will then have thirty
(30) days to cure the breach, if the breach does not involve a failure to
market and distribute Ethanol as required by this Agreement. If the breach
involves a failure to market and distribute Ethanol as required by this
Agreement, then the breaching party will have five (5) days after receiving the
written notice to cure the breach. If the breaching party does not cure any
breach within the applicable cure period, then the non-breaching party will
have the right to terminate this Agreement immediately.

(c) Member Insolvency, etc. Renewable Products may
terminate this Agreement if Member becomes insolvent, has a receiver appointed
over its business or assets and such receiver is not discharged within 30 days,
files a petition in bankruptcy or has a petition in bankruptcy filed against it
which, in either case, is not dismissed within 30 days, or ceases to produce
Ethanol for 30 days or more.

(d) Termination by Mutual Written Agreement. This
Agreement may also be terminated upon any terms and under any conditions which
are mutually agreed upon in writing by the parties.

12. Licenses and Permits. At all times from the
commencement of this Agreement, Member shall possess and maintain in good
standing all of the licenses and permits necessary to operate its production
facilities and Renewable Products shall possess and maintain in good standing
at all times during the term of this Agreement all of the licenses and permits
necessary to perform its obligations under this Agreement.

13. Estimated 12-Month Volume. As of the
Effective Date Member will provide Renewable Products with Member’s best
estimate of its anticipated monthly Ethanol production for the next twelve (12)
months to assist Renewable Products in developing appropriate marketing
strategies for the Ethanol to be produced by Member.

14. Updated Monthly Volume Estimates. On or
before the first day of each month after the Effective Date, Member will
provide Renewable Products with its updated best

estimate of Member’s anticipated monthly Ethanol production
for the next twelve (12) months, so that Renewable Products will have Ethanol
production estimates from Member for each of the next twelve (12) months during
the entire time that this Agreement is in effect. Renewable Products shall be
entitled to rely upon such estimates in marketing and selling the pooled
Ethanol production of all pool participants. From time to time Renewable
Products may enter into forward contracts to sell estimated pooled production
beyond the 12-month period covered by the estimated production of Member. Any
such commitment will be based on market conditions and projected pooled
production based on all pool participants estimated and historical production.
Member acknowledges that such commitments are in the best interest of pool
participants and Renewable Products may rely on Member’s continued production
beyond the 12 month estimates for such purpose. Renewable Products shall
provide Member with a schedule of committed pooled production at least monthly.

15. Obligation to Deliver after Termination.
Notwithstanding termination of this Agreement, Member shall be obligated to
deliver to Renewable Products for marketing by Renewable Products in accordance
with this Agreement, the estimated production of Member for the twelve (12)
months following termination of this Agreement and Member’s percentage of any
committed pooled production beyond such twelve (12) month period based upon
Member’s average monthly percentage contribution to the total pooled production
for the preceding 12 months.

16. Ethanol Shortage/Open Market Purchase. If
Member is unable to deliver its estimated monthly Ethanol production and if as
a consequence of the non-delivery and in order to meet its sale obligations to
third parties, Renewable Products is required to purchase ethanol in the
marketplace, Renewable Products may purchase ethanol in the marketplace at such
reasonable price and in such reasonable quantity as is required to meet its
delivery obligations; provided, however, that prior to making such purchases
Renewable Products shall communicate the terms and conditions of such purchases
to Member and Member shall have the right to meet such terms and conditions..
If Member is unable or unwilling to deliver the required ethanol on such terms
and conditions, Renewable Products may complete the purchase. If it does so,
and as a result thereof incurs a financial loss, Member will reimburse
Renewable Products for any such loss or Renewable Products may elect to set off
such financial loss against future payments to Member over a period not to
exceed twenty four (24) months.

17. Good and Marketable Title. Member
represents that it will have good and marketable title to all of the Ethanol
marketed for it by Renewable Products and that said Ethanol will be free and
clear of all liens and encumbrances.

18. Subordination. In order to satisfy the
payment obligations in Section 7 of this Agreement, Renewable Products may be
required to obtain working capital from financing resources. Member agrees and
acknowledges that the payment terms in this Agreement are a benefit to Member
and agrees that it will, upon the reasonable request of Renewable Products,
subordinate its right to payment hereunder to the rights of any lender
providing working capital to Renewable Products, provided that all Members of

Renewable Products are required to agree to such
subordination. Member shall execute such subordination agreement and other
documents as may be necessary to evidence this undertaking.

19. Independent Contractor. Nothing contained
in this Agreement will make Renewable Products the agent of Member for any
purpose other than the marketing of Member’s Ethanol production as stated in
this Agreement. Renewable Products and its employees shall be deemed to be
independent contractors with full control over the manner and method of
performance of the services they will be providing on behalf of Member under
this Agreement. Neither party shall have the right to bind the other party
except as expressly provided herein.

20. Separate Entities. The parties hereto are
separate entities and nothing in this Agreement or otherwise shall be construed
to create any rights or liabilities of either party to this Agreement with
regard to any rights, privileges, duties or liabilities of any other party to
this Agreement.

21. Testing of Samples. At the request of
Renewable Products, Member agrees to provide Renewable Products with samples of
its Ethanol produced at its production facility so that it may be tested for
product quality on a regular basis. Any and all costs of third party testing
shall be paid for by Renewable Products.

22. Insurance. During the entire term of this
Agreement, Member will maintain insurance coverage. At a minimum, Member’s
insurance coverage must include:

(a) Commercial general product and public liability
insurance, with liability limits of at least $5 million in the aggregate;

(b) Property and casualty insurance adequately
insuring its production facilities and its other assets against theft, damage
and destruction on a replacement cost basis;

(c) Workers’ compensation insurance to the extent
required by law; and

(d) Renewable Products shall be added as an additional
insured under the commercial general product and public liability insurance
policy and the property and casualty insurance policy.

Member will not change its insurance coverage during the term of this
Agreement if such change results in a failure to maintain the minimums set out
above, and the policies shall provide that they may not be cancelled or
terminated without at least 30 days prior written notice to Renewable Products.
Renewable Products shall maintain at all times such combined general product
and public liability insurance, property and casualty insurance and other
insurance as it deems necessary and appropriate.

23. Audit Right. The parties hereto agree that,
upon request in writing, either party may require the other to make available
its books and records, at reasonable intervals, in order to account for all
dealings, transactions and sums relevant to this Agreement. Any such
independent public accountants hired by either party will be subject to the
same confidentiality obligations that the parties are subject to under Section
24

of this Agreement. Each party agrees to inform its
accountants of those confidentiality obligations.

24. Confidential Information. The parties
acknowledge that they will be exchanging information about their businesses
under this Agreement which is confidential and proprietary, and the parties
agree to handle that confidential and proprietary information in the manner
described in this Section 23.

(a) Definition of Confidential Information. For
purposes of this Agreement, the term “Confidential Information” will mean
information related to the business operations of Member or Renewable Products
that meets all of the following criteria:

(i) The information must not be generally known to the
public and must not be a part of the public domain;

(ii) The information must belong to the party claiming
it is confidential and must be in that party’s possession;

(iii) The information must have been protected and
safeguarded by the party claiming it is confidential by measures that were
reasonable under the circumstances before the information was disclosed to the
other party’

(iv) Written information must be clearly designated in
writing as “Confidential Information” by the party claiming it is confidential
before it is disclosed to the other party, except that all information about
costs and prices will always be considered Confidential Information under this
Agreement without the need for specifically designating it as such; and

(v) Verbal Confidential Information which is disclosed to the
other party must be summarized in writing, designated in writing as “Confidential
Information” and transmitted to the other party within ten (10) days of the
verbal disclosure.

(b) Limitations on the Use of Confidential Information.
Each party agrees that it will not use any Confidential Information that it
obtains about the other party for any purpose other than to perform its
obligations under this Agreement.

(c) The Duty not to Disclose Confidential Information.
The parties agree that they will not disclose any Confidential information
about each other to any person or organization, other than their respective
legal counsel and accountants, without first getting written consent to do so
from the other party. Notwithstanding the foregoing, if a party or anyone to
whom such party transmits Confidential Information in accordance with this
Agreement is requested or required (by deposition, interrogatories, requests
for information or documents in legal proceedings, subpoenas, civil
investigative demand or similar process, SEC filings or administrative
proceedings) in connection with any proceeding, to disclose any Confidential
Information, such party will give the disclosing party prompt written notice of
such request or requirement so that the disclosing party may seek an appropriate
protective order or other remedy and/or waive

compliance
with the provisions of this Agreement, and the receiving party will cooperate
with the disclosing party to obtain such protective order. The fees and costs
of obtaining such protective order, including payment of reasonable attorney’s
fees, shall be paid for by the disclosing party. If such protective order or
other remedy is not obtained or the disclosing party waives compliance with the
relevant provisions of this Agreement, the receiving party (or such other
persons to whom such request is directed) will furnish only that portion of the
Confidential Information which, in the opinion of legal counsel, is legally
required to be disclosed, and upon the disclosing party’s request, use commercially
reasonable efforts to obtain assurances that the confidential treatment will be
accorded to such information. This will be the case both while this Agreement
is in effect and for a period of five (5) years after it has been terminated.

(d) The Duty to Notify the Other Party in Cases of Improper
Use or Disclosure. Each party agrees to immediately notify the other
party if either party becomes aware of any improper use of or any improper
disclosure of the Confidential information of the other party at any time while
this Agreement is in effect, and for a period of five (5) years after it has
been terminated.

(e) Protection of the Confidential Information. Each
party agrees to develop effective procedures for protecting the Confidential
Information that it obtains from the other party, and to implement those
procedures with the same degree of care that it uses in protecting its own
Confidential Information.

(f) Return of the Confidential Information.
Immediately upon the termination of this Agreement, each party agrees to return
to the other party all of the other party’s Confidential Information that is in
its possession or under its control.

25. Indemnification and Hold Harmless – Member.
If a third party makes a claim against Renewable Products or any person or
organization related to it as the result of the actions or omissions of Member
or any person or organization related to Member including, but not limited to,
claims relating to the quality of Ethanol produced by Member or the performance
of its obligations under this Agreement, Member shall indemnify Renewable
Products and its related persons and organizations and hold them harmless from
any liabilities, damages, costs and/or expenses, including costs of litigation
and reasonable attorneys fees which they incur as a result of any such claims.

26. Indemnification and Hold Harmless – Renewable
Products. The indemnification obligations of the parties under this
Agreement will be mutual and Renewable Products, therefore, makes the same
commitment to indemnify Member and its related persons or organizations to the
extent any claim is made against Member or its related person arising out of
any action or omission of Renewable Products.

27. Survival of Terms/Dispute Resolution. All
representations, warranties and

agreements made in connection with this Agreement will
survive the termination of this Agreement. The parties will, therefore, be able
to pursue claims related to those representations, warranties and agreements
after the termination of this Agreement, unless those claims are barred by the
applicable statute of limitations. Similarly, any claims that the parties have
against each other that arise out of actions or omissions that take place while
this Agreement is in effect will survive the termination of this Agreement.
This means that the parties may pursue those claims even after the termination
of this Agreement, unless applicable statutes of limitation bar those claims.
The parties agree that, should a dispute between them arise in connection with this
Agreement, the parties will complete, in good faith, a mediation session prior
to the filing of any action in any court. Such mediation session shall occur at
a place that is mutually agreeable, and shall be conducted by a mediator to be
selected by mutual agreement of the parties.

28. Choice of Law. This Agreement shall be
governed by, interpreted under and enforced in accordance with Minnesota law,
without regard to conflicts of law principles.

29.
Assignment. Neither party may assign its rights or obligations under
this Agreement without the written consent of the other party, which consent
will not be unreasonably withheld. Renewable Products shall not be required to
consent to an assignment by Member other than to another member of Renewable
Products or if required by Member for financing purposes.

30. Entire Agreement. This Agreement
constitutes the entire agreement between the parties covering everything agreed
upon or understood in the transaction. There are no oral promises, conditions,
representations, understandings, interpretations, or terms of any kind as
conditions or inducements to the execution hereof or in effect between the
parties, except as expressed in this Agreement. No change or addition shall be
made to this Agreement except by a written document signed by all parties
hereto.

31. Execution of Counterparts. This Agreement
may be executed by the parties on any number of separate counterparts, and by
each party on separate counterparts, each of such counterparts being deemed by
the parties to be an original instrument; and all of such counterparts, taken
together, shall be deemed to constitute one and the same instrument.

32. Duplicate Counterpart Includes Facsimile.
The parties specifically agree and acknowledge that a duplicate hereof shall
include, but not be limited to, a counterpart produced by virtue of a facsimile
(“fax”) machine.

33. Binding Effect. This Agreement shall be
binding upon, and shall inure to the benefit of, the parties hereto and there
respective heirs, personal representatives, successors and assigns.

34. Notices. Any notice or other communication
required or permitted hereunder shall be in writing and shall be considered
delivered in all respects when it has been delivered by hand or mailed by first
class mail postage prepaid, addressed as follows:

TO: Renewable Products Marketing Group, LLC

809
East Main Street, Suite 2

Belle
Plaine, MN 56011

With
a copy to:

TO:  Dakota Ethanol, LLC

P.O. Box 100

46269 SD Hwy 34

Wentworth, SD 
57075

With a copy to:

IN WITNESS WHEREOF,
the parties hereto have set their hands the day and year first written above.

Renewable Products Marketing
Group, LLC

	
  By: Its CEO. C Stephen Bleyl

  	
   

  	
   

  
	
   /s/ C.
  Stephen Bleyl

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dakota Ethanol
  L.L.C

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   /s/ Brian
  Woldt

  	
   

  	
   

  
	
  By: Its:

  	
   

  	
   

  
	
   ChairmanExhibit 10.1

FIRST AMENDED AND RESTATED

CONSULTING AGREEMENT

This First Amended and Restated Consulting Agreement (“Agreement”),
dated August 1, 2007 (but effective as of January 1, 2007), is between Boss
Technical Services (“BTS”), located at Sasang, Pusan, South Korea and Heeling
Sports Ltd. (“Company”), located at 3200 Belmeade Drive, Suite 100 Carrollton,
Texas 75006.

WHEREAS, Company has manufactured certain products; and

WHEREAS, Company and BTS have previously entered into that certain
Consulting Agreement dated as of September 30, 2006 (the “Prior Agreement”),
pursuant to which Company appointed BTS, and BTS agreed to act, as Company’s
non-exclusive sourcing consultant for sourced product in South Korea, China and
Indonesia (the “Territory”); and

WHEREAS, Company and BTS desire to amend and restate the Prior
Agreement to reflect the changes set forth herein.

NOW, THEREFORE, in consideration of the foregoing premises and the
mutual covenants and agreements herein contained, the parties agree as follows:

Scope
of BTS’ Services.  During the
term of this Agreement, BTS represents, covenants and agrees as follows:

·                  BTS will at all times act in the best
interests of Company.

·                  BTS will consistently monitor the
manufacturing facilities to ensure that they deliver product that meets the
quality standards as established by Company.

·                  BTS will consistently monitor the
manufacturing facilities to ensure that they deliver product within the
required time frame.

·                  BTS will use its best efforts to negotiate
target FOB prices in line with Company’s established profit margin goals.

·                  BTS will recommend and “qualify” for Company
suitable manufacturing facilities for production of Company’s finished goods
(at the present time that includes shoes with wheels but may be expanded in the
future to include other types of footwear and/or accessories).

·                  BTS will check and verify that the factory’s
abilities are suitable for Company’s quality, price and delivery requirements
and that the manufacturer complies with all applicable laws and treat their
workers humanely and ethically.

·                  BTS will ensure that the manufacturers do not
use forced, prison or child labor.

·                  BTS will ensure that the manufacturers
provide safe and healthy working conditions, adequate fire exits and safety equipment,
well lighted and comfortable work stations and clean restrooms.

·                  BTS will inspect raw materials and components
to assure specified and quality-tested raw materials and components are being
utilized in production,

·                  BTS will inspect and assure that finished
product is shipped to the specifications and quality standards established by
Company.

·                  BTS will negotiate prices on behalf of
Company with factory to assure best possible prices are being paid.

·                  BTS will provide written summaries of price
negotiations with factories including detailed itemized cost break down sheets.

·                  BTS will provide Company with written test
results of all quality tests conducted on raw materials, components and
finished goods on a regular basis.

 

·                  BTS will provide technical support in
developing new product and “commercializing” (developing lateral sizes assuring
consistent fit and quality throughout size range) approved product.

·                  BTS will provide Company with weekly
production status reports.

·                  BTS will provide logistical expertise in
moving goods from factory to port of embarkation.

·                  BTS will provide necessary US Customs and
exporting country documentation for shipping and Customs clearance.

·                  BTS will assist in settling any dispute with
manufacturing facilities.

·                  BTS will, on behalf of itself and its
Affiliates and partners in the Territory, maintain all of Company’s products,
technologies, designs, prices, customer information and processes in
confidence.

·                  BTS will provide Company with any information
that it becomes aware of (through reasonable efforts) on required safety
standards for Company products in the Territory.

·                  BTS will not, and will not permit any of its
Affiliates, during the term of this Agreement and for a period of one year
thereafter, solicit or engage for employment or consulting activities any
person or entity that has acted as an employee or consultant of Company at any
time during the term of this Agreement or during such one year period
thereafter.

·                  BTS will not alter any Company product or any
part or component contained therein without the prior written consent of
Company.  BTS acknowledges that Company,
in its sole discretion, may alter Company products or any part or component
contained therein.

·                  BTS agrees that any and all inventions, improvements,
modifications and know-how discovered or developed by BTS or its Affiliates, or
any of their respective officers or employees, with respect to stealth skate
shoes or any other Company product(s), their engineering, design or function
during the term of this Agreement and thereafter; shall be immediately
disclosed to Company, and all rights, title and interest therein shall
exclusively belong to Company, and BTS, if requested by Company shall execute
all documents reasonably requested by Company to vest in Company all such
right, title and interest.

·                  During the term of this Agreement and for a
period of 10 years after the expiration or termination of this Agreement,
neither BTS nor any of its Affiliates shall, directly or indirectly, commence,
render advice in connection with or otherwise encourage any action, suit or
proceeding (whether in court or before any other person having or asserting
jurisdiction with respect thereto), which challenges, or subjects to question
or doubt, the validity, scope or effectiveness of any of Company’s intellectual
property rights relating to any Company product.

·                  BTS will assist Company in securing any
patent or intellectual property rights protection in the Territory, which is
deemed by Company to be desirable or appropriate.  However, BTS shall not be obligated to incur
any costs on behalf of Company in providing such assistance, and any costs
arising in securing any patent or intellectual property rights protection in
the Territory, including any costs incurred in connection with BTS’ assistance
therein, shall be the sole responsibility of Company.

·                  BTS will provide Company with new materials,
new manufacturing processes and new components on a regular basis for Company’s
new product development consideration.

·                  BTS will work with factories and samples
rooms to provide new prototype samples, based on Company’s requested design,
for Company’s consideration.

·                  BTS will pay directly all expenses associated
with one Company employee that is assigned by Company to live and work in China
or such other country in the Territory as the Company may reasonably
direct.  Such expenses will include, by
way of example and not limitation, an ex-pat premium, a housing allowance, an
allowance for family airfare, a school allowance, a car and driver allowance,
office expenses, travel expenses, provision 

                        for local income taxes relating to
such employee, etc., all as reasonably determined by Company. Company estimates
that all such expenses will be approximately $200,000 for calendar year 2007.
Company will pay all salary and benefits for such Company employee.

·                  BTS and Company will agree on the addition of
any new BTS staff to support expanded needs inside the Territory or any other
new countries producing HEELYS-wheeled footwear.

Molds/Tooling
and Production.

·                  Company will pay for production goods via
wire transfer once production is on board and ready for shipment.

·                  Factories are expected to ship product within
the required delivery window—which is typically 60 days of product lead-time.
Factories shipping more than 10 days past the delivery window will be required
to pay airfreight to expedite delivery.

·                  All molds and specialized tooling are the
property of Company at all times.

·                  Cost of all molds and specialized tooling
will be amortized into the cost of goods. BTS will maintain an amortization
schedule so that once the cost of molds and tooling is paid in full for a given
model the FOB price will be reduced to a cost free of molds and tooling.

·                  Company may choose to pay off balance of
un-amortized molds and specialized tooling at any time and take possession of
such molds and tooling.

·                  Company is required to pay off balance of
un-amortized molds and tooling within 90 days after production of a given model
is discontinued.

·                  Factory will be charged back for all
defective returned product or product that Company deems unsuitable quality to
ship to customers.

Sample
Payment Terms.

·                  BTS will secure and provide to Company
development samples free of charge.

·                  BTS will provide Company with three pairs of
sales samples per style free of charge.

·                  Negotiated and confirmed FOB prices will be
paid for all additional sales samples.

·                  Negotiated and confirmed FOB prices will be
paid for all quality and field test samples that exceed “normal” testing
quantities.

·                  Company is required to pay shipping charges
for all deliveries of production goods, sales samples, testing samples and
prototype samples.

Payment
to BTS.

·                  Company will pay BTS a commission-based fee
of the FOB cost of the Company products sourced by BTS.

·                  The commission for HEELYS-wheeled footwear
and aftermarket replacement parts sourced by BTS for each calendar year will
be:

o                 3%
of the Company’s FOB cost on the first 2.0 million pairs shipped;

o                 2.5%
of the Company’s FOB cost on the next 3.0 million pairs shipped; and

o                 2.0%
of the Company’s FOB cost on anything more than 5.0 million pairs shipped.

o                 The
commission will be reset again to 3% to start the next calendar year.

·                  The
commission for other Company products will be negotiated on a case-by-case
basis.

·                  BTS will invoice Company each month for fees
earned in connection with shipments of products occurring in the preceding
month.

·                  Company will pay all undisputed invoiced
amounts within 7 working days after receipt of an appropriate invoice.

 

Terms.

·                  Either party can terminate this Agreement on
not less than 90 days prior written notice to the other party.

·                  Upon any termination or expiration of this
Agreement, BTS will assist Company in the expeditious transfer of all production
molds, specialized tooling, materials, documentation, files, samples etc. to
the factory, agent or office as selected by Company.

Expenses.

·                  BTS will pay all of its’ own expenses
relating to this Agreement, including without limitation, all travel,
administration, salaries, overhead, etc.

·                  Any extraordinary expenses that may be
considered the responsibility of Company must be pre-approved in writing by an
officer of Company.

Relationship.  BTS is an independent contractor of Company
and as such shall pay all federal, state and local taxes or other governmental
impositions or fees applicable to all compensation paid, and the services
rendered by BTS, under this Agreement. This Agreement shall not be construed as
creating any agency, partnership, or joint venture relationship, however
described, between Company and BTS. 
There are no third party beneficiaries to this Agreement.  Neither BTS nor any of its employees, agents,
partners or Affiliates (as defined below) shall constitute, or represent themselves
to be, employees, agents, partners, Affiliates or legal representatives of
Company and any representation to the contrary will be deemed a material breach
of this Agreement by BTS.  BTS will not
make any proposals, promises or commitments of any kind whatsoever in the name
of Company nor will BTS take any action which has the effect of creating an
appearance of its having authority to do so. 
Nothing in this Agreement will be construed to constitute a franchise or
any type of franchise arrangement and BTS acknowledges that (a) BTS will
maintain complete control over BTS’ methods of operation, except as
specifically set forth in this Agreement and (b) Company will not in any way
control or participate in the management or operation of BTS’ business.  Nothing in this Agreement or in the
relationship between BTS and Company will be deemed to create an
employer/employee relationship or obligation between Company and agents,
servants, or employees of BTS.  For
purposes of this Agreement, “Affiliate” means, with respect to any party, a
third party that controls, is controlled by, or is under common control with,
such party.

Nondisclosure.  If BTS receives from Company any confidential
and/or proprietary information, BTS agrees (i) not to use such information except
in the performance of this Agreement; (ii) to treat such information in the
same manner as BTS treats its own confidential information but exercise not
less than a reasonable standard of care; and (iii) to prevent unauthorized use
or disclosure of the confidential information. 
Company’s confidential information includes the identity of any of
Company’s customers, the prices of all Company products (other than standard
price lists available to the public), Company’s manner of operation, Company’s
marketing plans and strategies, Company’s books, records, diagrams, drawings,
designs, and source codes, and other information or data regarding Company’s
products and general and specific business plans.  The obligation to keep information
confidential shall not apply to any such information that (i) has been
disclosed in publicly available sources by the disclosing party; (ii) is,
through no fault of the party receiving the confidential information, hereafter
disclosed in a publicly available source; (iii) is in rightful possession of
the party receiving the confidential information without an obligation of
confidentiality; or (iv) is required to be disclosed by operation of law.  BTS further agrees not to attempt to decompile,
disassemble, or reverse engineer any Product.

Indemnification.  BTS will indemnify, defend and hold harmless
Company and its officers, directors and Affiliates from and against any and all
claims, actions, liabilities, losses, damages 

and expenses, including reasonable attorneys’ fees and such fees on
appeal, incurred by any of them in investigating and/or defending against any
claims, actions or liabilities for which indemnification is provided herein,
arising out of or in connection with (i) the failure of BTS to comply with all
applicable laws, rules and/or regulations regarding its activities under this
Agreement, (ii) any false or misleading representation made by BTS in this
Agreement, (iii) the breach by BTS of any covenant or obligation contained in
this Agreement or (iv) any claim by any of BTS’ agents, servants, or employees
to have an employer/employee relationship with Company.  The indemnities provided by this Section are
in addition to, and not to the exclusion of, any other remedy that may be
available at law or in equity.

Miscellaneous.

·                  This
Agreement shall be governed by, and construed in accordance with, the laws of
the U.S. and the State of Texas (without regard to conflicts of laws
principles), including the Uniform Commercial Code as enacted in the state of
Texas.  The United Nations Convention on
Contracts for the International Sale of Goods shall not apply to this Agreement
(or the rights or obligations of the Parties) and is disclaimed.  The governing language of this Agreement
shall be English as spoken in the U.S., which shall control the interpretation
of this Agreement in the event this Agreement is translated into a language
other than English as spoken in the U.S.

·                  BTS
may not assign this Agreement or transfer the rights or delegate the duties
provided for under this Agreement without the prior written consent of the
Company.  The sale of more than 50% of
the voting securities or the reorganization, consolidation or merger with
another person or entity shall be deemed a transfer of rights and duties for
purposes of this Section.

·                  Any
waiver by either party of any provision of this Agreement must be in writing
from the waiving party and shall not imply a subsequent waiver of the same
provision or any other provision.

·                  Any
notice or other communication under this Agreement shall be deemed given if
delivered in writing to the intended recipient in person, transmitted by mail
(and will be deemed given one week after the date transmitted), or by
recognized international delivery service to the intended recipient at the
address set forth in the preamble to this Agreement or such other address as
such intended recipient may give notice from time to time or by fax to the fax
number set forth on the signature page (with a confirmation copy simultaneously
mailed and will be deemed given when transmitted).

·                  This
Agreement embodies the entire agreement of Company and BTS in relation to the
subject matter in this Agreement, supersedes all prior understandings or
agreements with respect to the subject matter in this Agreement and there is no
other oral or written agreement or understanding between the parties at the
time of execution under this Agreement. 
Further, this Agreement cannot be modified except by the written
agreement of both parties.

·                  Regardless
of which party may have drafted this Agreement, or any portion thereof, no rule
of strict construction shall be applied against either party.  Except as expressly provided in this
Agreement, all rights and remedies conferred under this Agreement or by any
other instrument or law shall be cumulative and may be exercised singularly or
concurrently.  In the interpretation of
this Agreement, except where the context otherwise requires, “including” or “include”
does not denote or imply any limitation; “or” has the inclusive meaning “and/or;”
“and/or” means “or” and is used for emphasis only; “$” refers to U.S. dollars
and all prices will be paid in U.S. dollars; the singular includes the plural,
and vice versa, and each gender includes each of the others; captions or
headings are only for reference and are not to be considered in interpreting
the Agreement; “Section” refers to a Section of this Agreement, unless
otherwise stated in this 

Agreement; and all times set forth herein are deemed to be the time in
Richardson, Texas.  If any provision of
this Agreement is held to be illegal, invalid or unenforceable under any
present or future law, such provision shall be fully severable, and this
Agreement shall be construed and enforced as if such illegal, invalid or
unenforceable provision had never comprised a part thereof, the remaining
provisions of this Agreement shall remain in full force and effect and shall
not be affected by the illegal, invalid or unenforceable provision or by its
severance there from, and in lieu of such illegal, invalid or unenforceable
provision, there shall be added automatically as a part of this Agreement, a
legal valid and enforceable provision as similar in terms to such illegal,
invalid or unenforceable provision as may be possible, and the Parties request
the court to whom disputes relating to this Agreement are submitted to reform
the otherwise illegal, invalid or unenforceable provision in accordance with
this Section.

·                  In
the event either party is required to employ an attorney to enforce the provisions
of this Agreement or is required to commence legal proceedings to enforce the
provisions of this Agreement, the prevailing party shall be entitled to recover
from the other party reasonable attorney’s fees and court costs incurred in
connection with such enforcement, including collection agency fees, attorney
litigation fees, suit fees, and costs of investigation and litigation.

·                  By
its signature to this Agreement, each party hereunder irrevocably submits to
the exclusive jurisdiction and venue of the state or federal courts located in
Dallas County, State of Texas as to any disputes between the parties and/or
this Agreement.  Each of the parties
hereto agrees that any judgment (i) rendered either by a court of competent
jurisdiction in accordance with this Agreement; and (ii) entered in any court
of record of the United States, in Dallas, Texas may be executed against the
assets of such party in any jurisdiction or country  By its signature to this Agreement, each
party hereunder irrevocably submits to the exclusive jurisdiction and venue of
any of the state or federal courts located in Dallas County, State of Texas in
any legal action or proceeding relating to such execution.

·                  Each
party irrevocably waives all immunity from jurisdiction, attachment and
execution, whether on the basis of sovereignty or otherwise, to which it might
otherwise be entitled in any legal action or proceeding in any state or federal
court of competent jurisdiction, including such courts located in Dallas
County, State of Texas, in Dallas County, State of Texas, arising out of this
Agreement.  BTS and Company each
represents that its obligations hereunder are commercial activities.  Each party hereby irrevocably waives, to the
fullest extent permitted by law, any objection which it may now or hereafter
have to any suit, action or proceeding arising out of or relating to this
Agreement being brought in the federal or state courts of competent
jurisdiction located in Dallas County, State of Texas, and hereby further
irrevocably waives any claim that any such suit, action or proceeding brought
in any such court has been brought in an inconvenient forum.

·                  This
Agreement may be executed in one or more counterparts, each of which shall be
deemed an original but all of which together shall constitute one and the same
instrument.

·                  Each
party shall pay its own expenses, including, but not limited to, travel,
administration, compensation of employees, the fees and disbursements of its
counsel in connection with the negotiation, preparation and execution of this
Agreement and the consummation of the transactions contemplated herein, except
as otherwise provided herein.  Company
must approve any expenses that may be considered the responsibility of Company
in writing before such expenses are incurred.

·                  Neither
Company nor BTS shall (directly or indirectly): (a) make or offer to make any
payment of any kind or transfer anything of value (in the form of compensation,
gift, contribution, or otherwise) to any person or entity employed or acting for,
or on behalf of, any customer, potential customer, or any governmental entity,
for the purpose of inducing 

or
awarding favorable action by such customer, potential customer, or governmental
entity in violation of any applicable law; or (b) take any action constituting
a “kickback” or “bribe” intended to induce or award payroll buying decision
and/or governmental actions or which are otherwise prohibited by applicable
laws.  This Section is not intended to
prohibit ordinary and reasonable business entertainment and gifts not of
substantial value, customary in local business relationships and not violative
of applicable law.

IN WITNESS WHEREOF, the
parties have caused this Agreement to be executed as of this __ day of _____,
2007. 

	
  HEELING LIMITED, LTD.

  	
   

  	
  BOSS TECHNICAL SERVICES

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  HEELING MANAGEMENT CORP.,

  	
   

  	
   

  	
   

  
	
   

  	
      Its
  sole general partner

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael G. Staffaroni

  	
   

  	
  By:

  	
  /s/ J. S. Choi

  
	
   

  	
  Michael
  Staffaroni

  	
   

  	
   

  	
  J. S Choi

  
	
   

  	
  Chief Executive
  Officer

  	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date Signed:

  	
  August 1, 2007

  	
   

  	
  Date Signed:

  	
  March 29, 2007

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