Document:

Exhibit 10.1

 

COWEN GROUP, INC.

 

2009 CARRIED INTEREST EQUIVALENT AWARD

 

THIS AGREEMENT (the “Agreement”) is made by and between Cowen Group, Inc., a Delaware corporation (the “Company”)
and Christopher A. White (the “Employee”),
as of August 7, 2009.

 

RECITALS

 

WHEREAS,
Cowen Healthcare Royalty GP, LLC (the “General Partner”) is the general partner
of Cowen Healthcare Royalty Partners, L.P. (the “Fund”); and

 

WHEREAS,
the General Partner is entitled to receive a percentage of profits, in excess
of certain minimum levels, earned by the Fund, if any, as a performance fee (“Carried
Interest”); and

 

WHEREAS,
the Company is a member of the General Partner and is therefore eligible to
receive a certain percentage of the Carried Interest, if any; and

 

WHEREAS,
the Company intends to award to the Employee an amount equaling a certain
percentage of the Carried Interest in the Fund in recognition of the Employee’s
efforts to support the General Partner and the Fund; and

 

WHEREAS,
the Employee accepts the award by the Company of an amount equaling a certain percentage
of the Carried Interest in the Fund and hereby agrees to the terms and
conditions hereinafter stated;

 

NOW
THEREFORE, in consideration of the foregoing recitals and of the promises and
conditions contained herein, it is agreed as follows:

 

ARTICLE I

GRANT OF CARRIED INTEREST EQUIVALENT AWARD

 

Section 1.1 – Grant of Carried Interest Equivalent Award

 

The
Company hereby awards to the Employee as of the date hereof (the “Grant Date”) the
right to receive an amount equal to 0.15387% of Carried Interest in the Fund,
if any (the “Employee Carried Interest”), subject to the conditions and restrictions
set forth below.  It is expressly
understood that the Employee will not be required to make a capital
contribution to the General Partner nor will the Employee be entitled to
receive any portion of any distribution from the Fund or the General Partner
that represents anything other than Carried Interest.

 

 

Section 1.2 – Restrictions

 

(a)           Entitlement.  The Employee’s entitlement to receive the Employee
Carried Interest is expressly conditioned upon the receipt by the General
Partner of Carried Interest in the Fund. 
If for any reason the General Partner fails to receive Carried Interest
in the Fund, the Employee will not be entitled to receive any Employee Carried
Interest.  It is expressly understood by
the Employee that the General Partner may not earn any Carried Interest in the
Fund depending on the investment performance of the Fund.

 

(b)           Vesting.  Subject to the terms and conditions on Section 1.4
below, the Employee’s entitlement to the Employee Carried Interest shall vest in
two equal installments as follows: (i) fifty percent (50%) of the Employee
Carried Interest shall vest on the second anniversary of the Grant Date (the “First
Vesting Date”); and (ii) the remaining fifty percent (50%) of the Employee
Carried Interest shall vest on the third anniversary of the Grant Date (the “Second
Vesting Date”) (each, a “Vesting Date”).

 

Section 1.3 – Fund Distribution

 

(a)           Eligibility.  Notwithstanding the Vesting Dates, and
subject to the terms and conditions of Section 1.4 below, and as otherwise
set forth herein, the Employee shall be eligible to receive Employee
Distributions, as defined below, upon the full execution of this Agreement.

 

(b)           Determination of Distribution.  At the end of each calendar year, the Company
shall determine whether it has received any cash distributions from the General
Partner during that year as a result of Carried Interest in the Fund (the “Fund
Distribution”).  In the event such a Fund
Distribution has been made, the Company shall pay to the Employee on or after January 1,
and before March 31, of the following calendar year, less applicable taxes
and payroll deductions, an amount equal to the Employee Carried Interest in
such a Fund Distribution (the “Employee Distribution”).  If the General Partner has not made a Fund
Distribution during any given year, the Employee shall not be entitled to
receive any Employee Distribution for that year.

 

Section 1.4 – Cessation of Employment

 

(a)           Termination Prior to First Vesting
Date.  If, prior to the First Vesting
Date, the Employee gives notice of resignation or voluntary termination or the
Employee’s employment or service with the Company or its subsidiaries and
affiliates is terminated for any reason, the Employee shall forfeit any and all
rights in, and entitlement to, the Employee Carried Interest.  Accordingly, the Employee shall not be
entitled to receive any Employee Distributions after the date of the Employee’s
termination, or notice of termination, whichever occurs earlier.

 

(b)           Termination After First Vesting
Date but Prior to Second Vesting Date. 
If, after the First Vesting Date but prior to the Second Vesting Date,
the Employee

 

 

gives
notice of resignation or voluntary termination or the Employee’s employment or
service with the Company or its subsidiaries and affiliates is terminated for
any reason, other than for Cause, as defined below, the Employee shall forfeit
any and all rights in, and entitlement to, Fifty Percent (50%) of the Employee
Carried Interest.  Accordingly, the
Employee shall be entitled to receive only Fifty Percent (50%) of any Employee
Distributions after the date of the Employee’s termination, or notice of
termination, whichever occurs earlier.

 

(c)           Termination Subsequent to Second Vesting
Date.  If, subsequent to the Second
Vesting Date, the Employee gives notice of resignation or voluntary termination
or the Employee’s employment or service with the Company or its subsidiaries
and affiliates is terminated for any reason, other than for Cause, as defined
below, the Employee shall be fully vested in the Employee Carried Interest and
shall be entitled to receive One Hundred Percent (100%) of any Employee
Distributions after the date of the Employee’s termination.

 

(d)           Forfeiture.  If the Employee’s employment or service with
the Company or its subsidiaries and affiliates is terminated at any time for
Cause, as defined below, then the Employee shall immediately forfeit to the
Company any and all rights in, and entitlement to, the Employee Carried
Interest Award.  Accordingly, the
Employee shall not be entitled to receive any Employee Distributions after the date
of the Employee’s termination, or notice of termination, whichever occurs
earlier.

 

ARTICLE II

MISCELLANEOUS

 

Section 2.1 – Definition of Cause

 

For
purposes of this Agreement, the term “Cause” shall mean when the Company, in
good faith, determines that any of the following occurs: (i) the Employee’s
commission of any crime (whether or not related to the Employee’s duties at the
Company or its subsidiaries and affiliates) with the exception of a minor
traffic offense; (ii) fraud, dishonesty, gross negligence or substantial
misconduct in the performance of the Employee’s duties and responsibilities; (iii) the
Employee’s violation of or failure to comply with the Company’s internal
policies or the rules and regulations of any regulatory or self-regulatory
organization with jurisdiction over the Company; or (iv) the Employee’s
failure to perform the material duties of the Employee’s position, including,
by way of example and not of limitation, the failure or refusal to follow
instructions reasonably given by the Employee’s superiors in the course of
employment.

 

Section 2.2 – Governing Law

 

This
Agreement shall be governed by and construed in accordance with the laws of the
State of New York other than its laws regarding the conflicts of law (to the
extent that the application of the laws of another jurisdiction would be required
thereby).

 

 

Section 2.3 – Entire Agreement

 

This
Agreement constitutes the entire agreement of the parties with respect to the
subject matter hereof and fully supersedes in their entirety any and all prior
agreements, representations, promises or understandings, written or oral,
between the Company or its subsidiaries and affiliates and the Employee
pertaining to the subject matter hereof.

 

Section 2.4 – Amendment

 

This
Agreement may not be amended or modified in any manner (including by waiver) except
by an instrument in writing signed by both parties hereto.  The waiver by either party of compliance with
any provision of this Agreement shall not operate or be construed as a waiver
of any other provision of this Agreement or of any subsequent breach of such
party of a provision of this Agreement.

 

Section 2.5 – No Right to Continued Employment

 

Nothing
in this Agreement shall be deemed to confer on the Employee any right to
continued employment with the Company or any of its subsidiaries or affiliates.

 

Section 2.6 – Arbitration

 

Any
and all disputes arising out of or relating to this Agreement or the Employee’s
employment or the termination of the Employee’s employment with the Company or
any of its affiliates or subsidiaries, including any statutory claims based on
alleged discrimination, will be submitted to and resolved exclusively by the
American Arbitration Association (“AAA”) pursuant to the AAA’s Employment
Arbitration Rules and Mediation Procedures.  The arbitration shall be held in the City of
New York.  In agreeing to arbitrate the
Employee’s claims, the Employee recognizes that the Employee is waiving the
Employee’s right to a trial in court and by a jury.  The arbitration award shall be binding upon
both parties, and judgment upon the award may be entered in a court of
competent jurisdiction.

 

Section 2.7 – Section 409A

 

This
Agreement is intended to comply with the requirements of Section 409A, and
shall be interpreted accordingly.  In the
event that any provision of this Agreement would cause this Agreement to become
subject to Section 409A or cause this Agreement to fail to comply with Section 409A,
such provision may be deemed null and void and the Company and the Employee
agree to amend or restructure this Agreement, to the extent necessary and
appropriate to avoid adverse tax consequences under Section 409A.

 

 

Section 2.8 – Assignment

 

The
rights and obligations of the Company under this Agreement shall be
transferable, and all of its covenants and agreements shall be binding upon and
be enforceable by its successors and assigns. 
The Employee may not assign this Agreement and the terms and conditions
stated herein; provided however, that in the event of the Employee’s death,
nothing in this Agreement shall prohibit an Employee’s estate from receiving
the same rights and entitlements granted to the Employee pursuant to this
Agreement.

 

Section 2.9 – No Third Party
Rights

 

This
Agreement does not, and is not intended to, confer upon the Employee the status
of third-party beneficiary of the Third Amended and Restated Limited Liability
Company Agreement of the General Partner, dated as of June 18, 2008, or
any other agreement entered into by the General Partner now or in the future
(collectively, the “General Partner Agreements”).  Accordingly, this Agreement does not confer
on the Employee any rights or interest in, or remedies with respect to, the General
Partner Agreements.

 

 

Section 2.10 – Proper Execution

 

Each
Party executing this Agreement directly and expressly warrants that it has
taken all necessary steps to enter into this binding Agreement and has been
given, and has received and accepted, authority to enter into this binding
Agreement on behalf of such Party with respect to the matters contained herein.

 

IN WITNESS
WHEREOF, the Company has caused this Agreement to be executed on its behalf by
a duly authorized officer, and the Employee has hereunto set the Employee’s
hand on the date indicated below.

 

	
   

  	
   

  	
  COWEN
  GROUP, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BY:

  	
  /s/
  J. Kevin McCarthy

  
	
   

  	
   

  	
   

  	
  J.
  Kevin McCarthy

  
	
   

  	
   

  	
   

  	
  General
  Counsel

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/ Christopher A. White

  	
   

  	
   

  	
   

  
	
  Christopher
  A. White

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  August 7,
  2009Exhibit 10.1

 

SEVENTH
AMENDMENT

 

 

TO

 

 

LEASE
AGREEMENT

 

 

By and
Among

 

 

The
Ports of Indiana

 

Aventine
Renewable Energy-Mt Vernon, LLC

 

And

 

Aventine
Renewable Energy Holdings, Inc.

 

 

SEVENTH AMENDMENT TO LEASE AGREEMENT

 

THIS SEVENTH AMENDMENT TO LEASE AGREEMENT (“Seventh
Amendment”) is made and entered into this 23rd day of April, 2009 by
and among the PORTS OF INDIANA, a body corporate and politic existing under the
laws of the State of Indiana and formerly known as the Indiana Port Commission
(the “Ports”), AVENTINE RENEWABLE ENERGY-MT
VERNON, LLC a Delaware Limited Liability Company (“Lessee”,
and together the “Parties”) and
AVENTINE RENEWABLE ENERGY HOLDINGS, INC. (“Guarantor”).

 

RECITALS:

 

A.            The Ports is charged
with the management and operation of the Ports of Indiana, including the Port
of Indiana-Mount Vernon, in Posey County, Indiana (the “Port”).

 

B.            The Parties entered
into a certain Lease Agreement dated October 31, 2006, which was executed
by the Office of the Attorney General and the Office of the Governor on January 19,
2007 and January 24, 2007 respectively (the “Original
Lease”), which Original Lease was amended by (i) a certain
First Amendment to Lease Agreement and Reaffirmation of Guaranty dated June 14,
2007 among the Parties and Guarantor, (ii) a certain Second Amendment to
Lease Agreement and Reaffirmation of Guaranty dated October 18, 2007 among
the Parties and Guarantor, (iii) a certain Third Amendment to Lease
Agreement and Reaffirmation of Guaranty dated December 20, 2007 among the
Parties and Guarantor, (iv) a certain Fourth Amendment to Lease Agreement
and Reaffirmation of Guaranty dated June 19, 2008, (v) a certain
Fifth Amendment to Lease Agreement and Reaffirmation of Guaranty dated December 18,
2008 among the Parties and Guarantor; and, (vi) a certain Sixth Amendment
to Lease Agreement and Reaffirmation of Guaranty among the Parties and
Guarantor dated February 12, 2009, 
(said Original Lease as amended is herein referred to as the “Lease”),
whereby the Ports leased to Lessee and Lessee leased from the Ports that
certain real estate described in the Lease, located at the Port of
Indiana-Mount Vernon, a port managed and operated by the Ports in Posey County,
Indiana.

 

C.            The Parties have
agreed to amend the Lease to remove from the Leased Premises approximately 4+/-
acres (hereafter “Tract 2”)
(Tract 1 being the subject of the Sixth Amendment to Lease Agreement and
Reaffirmation of Guaranty) and the return of Tract 2 to the Ports for the
inclusion of said Tract 2 with other property for the lease to a third party
for the construction of a new project at the Port and to make other changes in
the legal descriptions of the Leased Premises.

 

D.            Guarantor is joining
in the execution of this Seventh Amendment solely for purposes of consenting to
all provisions of this Seventh Amendment.

 

E.             On April 7,
2009, Lessee and Guarantor, together with the latter’s affiliates, filed for
protection under chapter 11 of title 11 of the United States Code in the United
States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).

 

F.             Lessee, the Ports
and Guarantor have each had substantial participation in the preparation of
this Seventh Amendment which shall become effective upon entry of a final non-

 

1

 

appealable Order of the Bankruptcy Court
authorizing the Lessee’s and Guarantor’s entry into and approving this Seventh
Amendment.

 

G.            At a properly
convened public meeting of the Commission of the Ports, the duly authorized
officers have approved the execution and delivery of this Seventh Amendment.

 

NOW, THEREFORE, in consideration of the foregoing premises, the mutual
undertakings hereinafter set forth, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Ports, Lessee
and Guarantor (solely for purposes of its agreement to the provisions of
Paragraphs 7 and 8 below) hereby agree as follows:

 

1.             The Ports requested
and the Lessee has consented to the release of Tract 2 from its Lease so that
said tract could be combined with other Port real property for the development
and construction of a new project and lease agreement with a new tenant at the
Port.

 

2.             The Parties agree
the land to be surrendered back to the Ports pursuant to this Seventh Amendment
and defined herein as Tract 2, consists of approximately 4 +/- acres and is
more particularly described and depicted in the drawing and description
attached hereto, made a part hereof, and marked as Exhibit 1-7thAmendment.  A metes and bounds description, as well as
the actual acreage of Tract 2, will be established by the “as built” ALTA/ACSM
Land Title Survey of the Leased Premises, containing Table A Items 1-4, 6, 7a,
8-10, 11a and 13 (the “As Built Survey”)
to be provided by Lessee pursuant to paragraph 4 hereafter.

 

3.             Attached to the
Fourth Amendment, as well as to this Seventh Amendment, is Exhibit A — Description of Leased Real Estate,
(“Exhibit A”).  Exhibit A describes the Leased Premises
as consisting of 118.05 acres.

 

4.             By agreement of the
Parties the final As Built Survey (depicting the final boundary line of the
Leased Premises, together with all necessary easements, rights of way and
deletions of acreage) is to be performed by Lessee when the project is at a
stage when the actual boundaries are readily identifiable, but in no event
later than December 31, 2009.

 

5.             Article III of
the Lease provides that Lessee shall pay Initial Ground Rent of Three Thousand
Two Hundred Dollars ($3,200) per acre per year, and Section 1.01 of the
Lease identifies the demised real estate as approximately 116 acres, more or
less.

 

6.             It is further
agreed by the Parties that an adjustment to the Initial Ground Rent paid and
payable by Lessee will be made upon completion of the As Built Survey.  The Parties acknowledge that since the
execution of the Lease, Lessee has occupied more than the 116 acres.  Specifically, Lessee has occupied 117.808
acres from October 31, 2006 until increased to 118.05 on June 19,
2008; reduced by 2.37 acres on February 12, 2009, and further reduced by 4
+/-acres on April 23, 2009. Commencing on May 1, 2009 and continuing
until the As Built Survey is completed and the adjustment to the Initial Ground
Rent is calculated, the Initial Ground Rent shall be based upon 112 acres
(being the 116 acres referenced in Section 5 above less the 4+/- acres of
Tract 2 surrendered back to the Ports by this Seventh Amendment).  Upon completion of the As Built Survey, the
Ports will calculate the actual Initial Ground Rent that should have been paid
since October 31, 2006 based upon the actual acreage occupied by Lessee as
such acreage

 

2

 

has changed as
set forth above (the “True Up Rent”).  The Initial Ground Rent that has been paid
based upon the 116 acres thru May 1, 2009 and 112 acres thereafter shall
be subtracted from the True Up Rent and the difference, if any, shall be paid
by Lessee within 30 days of receipt of the invoice from the Ports.  In the event that the result of the True Up
Rent comparison is a negative amount, such that Lessee has overpaid based on
actual acreage occupied, then the Port shall issue a credit to Lessee on the
next month’s rent due.

 

7.             Lessee hereby
releases and surrenders back to the Ports Tract 2, and the Ports hereby accept
Tract 2 and the same is hereby removed and deleted from the Demised Premises.

 

8.             Guarantor hereby
consents to the amendments to the Lease made by this Seventh Amendment and
agrees that such amendments shall not affect, impair, discharge, relieve or
release Guarantor of its obligations under the terms of the Lease Guaranty, and
that such Lease Guaranty shall be deemed to reference the Lease as amended
hereby.

 

9.             The Ports and
Lessee agree that the above and foregoing Recitals are true, correct and
complete and are hereby incorporated and made a part of this Seventh Amendment
as if completely and fully set forth herein. 
Capitalized terms used in this Seventh Amendment without definition
shall have the meanings set forth in the Lease as previously amended, except
that any internal references in the Lease to the word “Lease” shall mean the Lease, as previously
and hereby amended, wherever the context so requires in order to give meaning
to this Seventh Amendment.

 

10.           This Seventh
Amendment shall be incorporated into and made a part of the Lease and all
provisions thereof not expressly modified or amended hereby shall remain in
full force and effect.  Nothing contained
in this Seventh Amendment (except, as applicable, for the specific amendments
to the Lease set forth in this Seventh Amendment) shall release or relieve
Lessee or Ports from their respective obligations or liabilities under the
Lease accruing prior to the date hereof.

 

11.           Except as expressly
amended and modified by this Seventh Amendment and subject to Section 12
below, the Lease shall otherwise remain in full force and effect, the parties
hereto hereby ratifying and confirming the same.  This Seventh Amendment, together with the
Lease, is the complete understanding between the parties and supersedes all
other prior agreements and representations concerning its subject matter.  To the extent of any inconsistency between
the Lease and this Seventh Amendment, the terms of this Seventh Amendment shall
control.

 

12.           Notwithstanding
anything set forth herein to the contrary, the Ports execution of this Seventh
Amendment does not waive any rights or remedies the Ports has in connection
with any failure of Lessee to comply with the terms and conditions of the Lease
prior to the date hereof, including but not limited to any rights or remedies
of the Ports arising due to the filing of mechanic’s liens by Lessee’s
contractors, subcontractors and/or other third parties.

 

13.           Notwithstanding
anything set forth herein to the contrary, the Lessee’s execution of this
Seventh Amendment does not waive any rights or remedies the Lessee has in
connection

 

3

 

with any
failure of the Ports to comply with the terms and conditions of the Lease prior
to the date hereof.

 

14.           This Seventh
Amendment is subject to the entry of a final non-appeal Order by the Bankruptcy
Court authorizing the Lessee’s and the Guarantor’s entry into and approving
this Seventh Amendment.

 

15.           Notwithstanding
anything contained herein, the entry by the Lessee and the Guarantor into this
Seventh Amendment and/or the entry of an Order by the Bankruptcy Court
authorizing the Lessee’s and the Guarantor’s entry into this Seventh Amendment
shall not be construed or deemed to be an assumption of the Lease.

 

16.           The Parties agree
that the deadline set forth in section 365(d)(4)(A) of the Bankruptcy Code
by which the Lessee must assume or reject the Lease shall be extended through
and including April 7, 2010 and that, for all purposes, including
satisfaction of the requirements of § 365(d)(4)(B)(ii) of the Bankruptcy
Code, the Seventh Amendment shall constitute the Landlord’s irrevocable consent
to such extension.

 

17.           Immediately
following the signature page of this Seventh Amendment is the Addendum of
State required contract provisions previously executed by the Parties.  The Parties reaffirm the covenants and
affirmations contained in said Addendum and incorporate the same into this
Seventh Amendment.

 

(Remainder
of Page left blank, signature Page to follow)

 

4

 

IN WITNESS WHEREOF, the parties hereto have executed this Seventh
Amendment as of the day, and month and year first above-written.

 

	
   

  	
   

  	
  PORTS OF INDIANA

  
	
   

  	
   

  	
  “Ports”

  
	
  ATTEST:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   /s/ Tony
  Walker

  	
   

  	
  By:

  	
   /s/
  Gregory Gibson

  
	
   

  	
  Tony Walker,
  Assistant Secretary

  	
   

  	
   

  	
  Gregory
  Gibson,

  
	
   

  	
   

  	
   

  	
   

  	
  Designated
  Commissioner

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  AVENTINE
  RENEWABLE ENERGY-

  
	
   

  	
   

  	
   

  	
  MT.  VERNON, LLC

  
	
   

  	
   

  	
   

  	
  “Lessee”

  
	
  ATTEST:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ George T. Henning, Jr.

  	
   

  	
  /s/ Ronald H. Miller

  
	
  (Signature)

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  
	
  George T. Henning, Jr.

  	
   

  	
  Ronald H. Miller

  
	
  (Printed
  name and title)

  	
   

  	
  (Printed
  name and title)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AVENTINE
  RENEWABLE ENERGY

  
	
   

  	
   

  	
  HOLDINGS,
  INC.

  
	
   

  	
   

  	
  “Guarantor”

  
	
  ATTEST:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ George T. Henning, Jr.

  	
   

  	
  /s/ Ronald H. Miller

  
	
  (Signature)

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  
	
  George T. Henning, Jr.

  	
   

  	
  Ronald H. Miller

  
	
  (Printed
  name and title)

  	
   

  	
  (Printed
  name and title)

  
	
   

  	
   

  	
   

  
	
  Approved as
  to form and legality

  	
   

  	
   

  
	
  This 1st day of June, 2009

  	
   

  	
   

  
	
   

  	
   

  	
  APPROVED

  
	
  /s/ Susan W. Gard

  	
   

  	
  DATE:  July 7, 2009

  
	
  For Gregory
  F. Zoeller

  	
   

  	
   

  
	
  Attorney
  General of Indiana

  	
   

  	
  /s/ Mitchell E. Daniels, Jr.

  
	
   

  	
   

  	
  For The
  Honorable Mitchell E. Daniels, Jr.

  
	
   

  	
   

  	
  Governor of
  Indiana

  

 

This
instrument was prepared by David W. Haniford, General Counsel, Ports of
Indiana, 150 W. Market St. Ste. 100 Indianapolis IN 46204-2845 Telephone: (317)
232-9204.

 

I
affirm, under the penalties for perjury, that I have taken reasonable care to
redact each Social Security number in this document, unless required by
law.  David W. Haniford, Attorney at Law.

 

5

 

ADDENDUM
OF

 

STATE
REQUIRED CONTRACT PROVISIONS

 

6

 

EXHIBIT E

 

(IPC321.06)

 

ADDENDUM

 

This
Addendum is entered into by and between the Ports of Indiana (the “State”) and Aventine Renewable Energy-Mt Vernon, LLC (the “Contractor”), and collectively known as the “Parties”.  The purpose
of this Addendum is to modify, delete, or amend certain terms and conditions
set forth in the attached Fifth Amendment (“Agreement”).  This Addendum and the Agreement are
incorporated into each other and, when read together, shall constitute one
integrated document.  Any inconsistency,
conflict, or ambiguity between this Addendum and the Agreement shall be
resolved by giving precedence and effect to this Addendum.

 

Authority to Bind Contractor

 

The
signatory for the Contractor represents that he/she has been duly authorized to
execute this Contract on behalf of the Contractor and has obtained all
necessary or applicable approvals to make this Contract fully binding upon the
Contractor when his/her signature is affixed, and certifies that this Contract
is not subject to further acceptance by Contractor when accepted by the State
of Indiana.

 

Compliance with Laws.

 

The Contractor shall comply
with all applicable federal, state and local laws, rules, regulations and
ordinances, and all provisions required thereby to be included herein are
hereby incorporated by reference.  The
enactment of any state or federal statute or the promulgation of nays or
regulations thereunder after execution of this Contract shall be reviewed by
the State and the Contractor to determine whether the provisions of this
Contract require found modification.

 

The Contractor and its
agents shall abide by all ethical requirements that apply to persons who have a
business relationship with the State, as set forth in Indiana Code § 4-2-6 at
seq., the regulations promulgated thereunder, and Executive Order 04-08, dated April 27,
2004.  If the tractor is not familiar
with these ethical requirements, the contractor should refer any questions to
the Indiana State Ethics Commission, or visit the Indiana State Ethics Commission
website at http://www.in.gov/ethics/.  If
the Contractor or its agents violate any applicable ethical standards, the
State may, in its sole discretion, terminate this Contract subject to the
notice and cure provisions of Sections 11.01(i) and 7.02 of the
Agreement.  In addition, the Contractor
may be subject to penalties under Indiana Code § 4-2-6-12.

 

The Contractor certifies by
entering into this Contract, that neither it nor its principal(s) is
presently in arrears in payment of its taxes; penult fees or other statutory,
regulatory or judicially required payments to the State of Indiana.  Further, the Contractor agrees that any
payments in arrears and currently due to the State of Indiana may be withheld
from payments due to the Contractor. 
Additionally, further work or payments may be withheld, delayed, or
denied and/or this 

 

 

Contract suspended until the Contractor is
current in its payments and has submitted proof of such payment to the State.

 

The Contractor warrants that
it has no current or pending or outstanding criminal, civil, or enforcement
actions initiated by the State of Indiana pending, and agrees that it will
immediately notify the State of any such actions.  During the term of such actions, Contractor
agrees that the State may delay, withhold, or deny work under any Supplement or
contractual device issued pursuant to this Contract and any supplements or
amendments.

 

If a valid dispute exists as
to the Contractor’s liability or guilt in any action initiated by the State of
Indiana or its agencies, and the State decides to delay, withhold, or deny work
to the Contractor, the Contractor may request that it be allowed to continue,
or receive work, without delay.  The
Contractor must submit, in writing, a request for review to the Indiana
Department of Administration (IDOA) following the procedures for disputes
outlined herein, A determination by IDOA shall be binding on the parties.

 

Any payments that the State
may delay, withhold, deny, or apply under this section shall not be subject to
penalty or interest under IC 5-17-5.

 

The Contractor warrants that
the Contractor and its subcontractors’ if any, shall obtain and maintain all
required permits, licenses, and approvals, as well as comply with all health,
safety, and environmental statutes, rules, or regulations in the performance of
work activities for the State.  Failure
to do so may be deemed is a material breach of this Contract and grounds for
Immediate termination of the Agreement and denial of further work with the
Stet; subject to the notice and cars provisions of Sections 11.01(1) and
7.02 of the Agreement.

 

The Contractor hereby
affirms that it is properly registered and owes no outstanding reports with the
Indiana Secretary of State.

 

As required by IC 5-22-3-7:

 

the Contractor and any
principals of the Contractor certify that (A) the Contractor, except for
de minimis and nonsystematic violations, has not violated the terms of (i) IC
24-4.7 [Telephone Solicitation Of Consumers), (ii) IC 24-5-12 [Telephone
Solicitations), or (iii) IC 24-5-14 [Regulation of Automatic Dialing
Machines) in the previous three hundred sixty-five (365) days, even if IC 244.7
is preempted by federal law; and (B) the Contractor will not violate the
terms of IC 24-4.7 for the duration of the Contract, even if IC 24-4.7 is
preempted by federal law.

 

The Contractor and any
principals of the Contractor certify that an affiliate or principal of the
Contractor and any agent acting on behalf of the Contractor or on behalf of an
affiliate ‘or principal of the Contractor: (A) except for de minimis and
nonsystematic violations, has not violated the terms of IC 24-4.7 in the
previous three hundred sixty-five (365) days, 

 

E-2

 

even if IC 24-4.7 is preempted by federal law;
and (B) will not violate the terms of IC 24-4.7 for the duration of the
Contract, even if IC 24-4.7 is preempted by federal law.

 

Conflict of interest.

 

As used in this section:

 

“Immediate family” means the spouse and the unemancipated
children of an individual.

 

“Interested party” means:

 

1.                                       The individual
executing this Contract;

 

2.                                       An individual
who has an interest of three percent (3%) or more of Contractor, if Contractor
is not an individual; or

 

3.                                       Any member of
the immediate family of an individual specified under subdivision 1 or 2.

 

“Department” means the Indiana Department of Administration.

 

“Commission” means the State Ethics Commission.

 

The Department may cancel
this Contract without recourse by Contractor if any interested party is an employee
of the State of Indiana.

 

The Department will not
exercise its right of cancellation under section B, above, if the Contractor
gives the Department an opinion by the Commission indicating that the existence
of this Contract and the employment by the State of Indiana of the interested
party does not violate any statute or rule relating to ethical conduct of
State employees.  The Department may take
action, including cancellation of this Contract, consistent with an opinion of
the Commission obtained under this section.

 

Contractor has an
affirmative obligation under this Contract to disclose to the Department when
an interested party is or becomes an employee of the State of Indiana.  The obligation under this section extends
only to those facts that Contractor knows or reasonably could know.

 

Drug-Free
Workplace-Certification.

 

The
Contractor hereby covenants and agrees to make a good faith effort to provide
and maintain a drug-free workplace.  The
Contractor will give written notice to the State within ten (10) days
after receiving actual notice that the Contractor or an employee of the
Contractor in the State of Indiana has been convicted of a criminal drug
violation occurring in the Contractor’s workplace.  False certification or violation of this certification
may result in sanctions including suspension 

 

E-3

 

of
contract payments, termination of this Contract and/or debarment of contracting
opportunities with the State for up to three (3) years, subject to the
notice and cure provisions of Sections 11.01(i) and 7.02 of the
Agreement.

 

In
addition to the provisions of the above paragraphs, if the total contract
amount set forth in this Contract is in excess of $25,000.00, Contractor hereby
further agrees that this contract is expressly subject to the terms,
conditions, and representations of the following certification:

 

This
certification is required by Executive Order No. 90-5, April 12,
1990, issued by the Governor of Indiana. 
Pursuant to its delegated authority, the Indiana Department of
Administration is requiring the inclusion of this certification in all
contracts and grants from the State of Indiana in excess of $25,000.00.  No award of a contract shall be made, and no
contract, purchase order or agreement, the total amount of which exceeds
$25,000.00, shall be valid, unless and until this certification has been fully
executed by the Contractor and made a part of the contract or agreement as part
of the contract documents.

 

The
Contractor certifies and agrees that it will provide a drug-free workplace by:

 

Publishing and providing to
all of its employees a statement notifying them that the unlawful manufacture,
distribution, dispensing, possession or use of a controlled substance is
prohibited in the Contractor’s workplace, and specifying the actions that will
be taken against employees for violations of such prohibition;

 

Establishing a drug-free
awareness program to inform it’s employees of (I) the dangers of drug
abuse in the workplace; (2) the Contractor’s policy of maintaining a
drug-free workplace; (3) any available drug counseling, rehabilitation,
and employee assistance programs; and (4) the penalties that may be
imposed upon an employee for drug abuse violations occurring in the workplace;

 

Notifying all employees in
the statement required by subparagraph (A) above that as a condition of
continued employment, the employee will (I) abide by the terms of the
statement; and (2) notify the Contractor of any criminal drug sienna
conviction for a violation occurring in the workplace no later than five (5) days
after such conviction;

 

Notifying in writing the
State within ten (10) days after receiving notice from an employee wider
subdivision (C)(2) above, or otherwise receiving actual notice of such
conviction;

 

Within thirty (30) days
after receiving notice under subdivision (C)(2) above of a conviction,
imposing the following sanctions or remedial measures on any employee who is
convicted of drug abuse violations occurring in the workplace: (1) taking
appropriate personnel action against the employees, up to and including
termination; or (2) requiring such employee to satisfactorily participate
in a drug abuse assistance or rehabilitation program approved for such purposes
by a federal, state or local health, law enforcement, or other appropriate
agency; and

 

E-4

 

Making a good faith effort
to maintain a drug-free workplace through the implementation of subparagraphs (A) through
(B) above.

 

Nondiscrimination

 

Pursuant
to IC 22-9-1-10 and the Civil Rights Act of 1964, the Contractor and its
subcontractors shall not discriminate against any employee or applicant for
employment in the performance of this Contract. 
The Contractor shall not discriminate with respect to the hire, tenure,
terms, conditions or privileges of employment or any matter directly or
indirectly related to employment, because of race, color, religion, sex,
disability, national origin or ancestry. 
Breach of this covenant may be regarded as a material breach of this
Contract The Contractor’s execution of this Contract also signifies compliance
with applicable federal taws, regulations, and executive orders prohibiting
discrimination in the provision of services based on race, color, national
origin, age, sex, disability or status as a veteran.  The provisions of this Section 5 are
subject to the notice and cure provisions of Sections 11.01(1) and 7.02 of
the Agreement.

 

NON-COLLUSION AND
ACCEPTANCE

 

The
undersigned attests, ‘subject to the penalties for perjury, that he/she is the
Contractor, or that he/she is the properly authorized representative, agent,
member or officer of the Contractor, that he/she has not, nor has any other
member, employee, representative, agent or officer of the Contractor, directly
or indirectly, to the best of his/her knowledge, entered into or offered to
enter into any combination, collusion or agreement to receive or pay, and that
he/she has not received or paid, any sum of money or other consideration for
the execution of this Contract other than that which appears upon the face of
this Contract,

 

[The balance
of this page is intentionally left blank]

 

E-5

 

In
Witness Whereof, the Parties have, through duly authorized
representatives, entered into this Lease. 
The Parties having read and understand the foregoing terms of the
contract do by their respective signatures dated below hereby agree to the
terms thereof.

 

	
  Ports of Indiana:

  	
   

  	
  Aventine Renewable Energy — Mt Vernon, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Signature: 

  	
  /s/ Steven Stemler

  	
   

  	
  Signature: 

  	
  /s/ John R. Gray

  
	
   

  	
   

  	
   

  
	
  Printed Name: Steven Stemler

  	
   

  	
  Printed Name: John R. Gray

  
	
   

  	
   

  	
   

  
	
  Title: Designated Commissioner

  	
   

  	
  Title: VP Logistics & Development

  
	
   

  	
   

  	
   

  
	
  Date: 10/30/06

  	
   

  	
  Date: 10/31/06

  
	
   

  	
   

  	
   

  
	
  Attest: 

  	
  /s/ Jay K. Potesta

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Printed Name: Jay K. Potesta

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Title: Secretary Treasurer

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Office of the Attorney General

  	
   

  	
  Office of the Governor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Jason Thompson/Susan W. Gard for

  	
   

  	
  /s/ Mitchell E. Daniels, Jr.

  
	
  Steve Carter, Attorney General

  	
   

  	
  Mitchell E. Daniels, Jr., Governor

  
	
   

  	
   

  	
   

  
	
  Date: 1/19/07

  	
   

  	
  1/24/07

  
						

 

E-6

 

Exhibit 1
— 7th Amendment

 

 

EXHIBIT A

 

Revised Survey Description

 

Indiana Port Commission (Port) to Aventine Renewable Energy-Mt Vernon,
LLC (Aventine)

 

Parcel # 1 (Leasehold-existing description)

 

Part of
the Northeast Quarter of Section 9, Township 7 South, Range 13 West in
Black Township, Posey County, Indiana; also and all of Lots 6, 7, 8, 9, 10, 11,
12, and 13, part of Ohio Street, Oak Street and part of an alley all being part
of Edson’s Subdivision of Lot 48 in Kimball’s Addition, as per plat thereof
recorded in Deed Record 42, Page 8 all of which is in part of the
Southeast Quarter of the Northwest Quarter of Section 9, Township 7 South,
Range 13 West, in the City of Mt Vernon, Posey County, Indiana, all being more
particularly described as follows:

 

Commencing
at the Southwest Corner of the Northeast Quarter of said Section 9, thence
along the south line of said Quarter, North 89 degrees 48 minutes 03 seconds
East 137.70 feet to the east line of Edson Street; thence along the said east
line, North 16 degrees 59 minutes 52 seconds West 255.92 feet to the Point of
Beginning; thence continuing along said east line of Edson Street, North 16
degrees 59 minutes 52 seconds West 805.98 feet to a point on the south line of
an alley found on the north line of Lots 11, 12, and lot 13 in said Edson’s
Subdivision of Lot 48 in Kimball’s addition to the Town of Mt Vernon; thence
along said south line of the alley, North 72 degrees 55 minutes 00 seconds East
221.45 feet to the west line of the Northeast Quarter of said section 9; thence
along said west line, North 02 degrees 03 minutes 47 seconds East 1254.05 feet
to the south limited access right of way line of State Road 62 (Project No. F-845
(19) dated 1966); thence along said south limited access right-of-way line the
next 3 calls, 1) North 72 degrees 56 minutes 14 seconds East 9.35 feet to a
point located 93 feet right of Station 53+42.5 Line “JR”, said point being the
point of curvature of a curve to the left, concave to the northeast, having a
central angle of 14 degrees 30 minutes 00 seconds and a radius of 2957.79 feet
from which a chord bears North 65 degrees 41 minutes 15 seconds East 746.54
feet; 2) thence along the arc of said curve 748.54 feet to a point located 93
feet right of Station 60+67.5 Line “JR”; 3) thence North 58 degrees 26 minutes
15 seconds East 76.61 feet to a point on the north line of the Northeast
Quarter of said Section 9; thence along said north line, North 89 degrees
50 minutes 01 seconds East 211.44 feet to a point on the west right-of-way of
an existing Port railroad, said point being on a non tangent curve to the left,
concave to the southeast, having a central angle of 42 degrees 13 minutes 11
seconds and a radius of 637.06 feet from which a chord bears South 21 degrees
06 minutes 22 seconds West, 458.88 feet; thence along said railroad
right-of-way and along the arc of said curve 469.43 feet; thence continuing
along said west railroad right-of-way the following 3 calls, 1) South 00
degrees 00 minutes 13 seconds East 670.00 feet; 2) thence South 05 degrees 22 minutes
59 seconds East 320.00 feet; 3) thence South 00 degrees 00 minutes 13 seconds
East 1020.22 feet to a point 245.00 feet north of the south line of the
Northeast quarter of said Section 9; thence parallel with said south line
of the Northeast Quarter of Section 9, South 89 degrees 48 minutes 03
seconds West 852.08 feet to the point of beginning containing 2,006,936 square
feet (46.07 acres).

 

(Note:
All Port road and railroad rights-of-way referred to in this description are
for convenience and reference only).

 

Parcel # 2 (Leasehold-new description)

 

Part of
the Northeast Quarter of Section 9, Township 7 South, Range 13 West and
part of the Southeast Quarter of Section 4, Township 7 South, Range 13
West, in Black Township, Posey County, Indiana being more particularly
described as follows:

 

Commencing
at the Southwest Corner of the Southeast Quarter of said Section 4, thence
along the south line of said Quarter section, North 89 degrees 50 minutes 01
seconds East 1053.68

 

 

feet
to the east line of an existing Port railroad right-of-way, also being the
Point of Beginning, said point being on a non tangent curve to the right,
concave to the southeast, having a central angle of 37 degrees 17 minutes 49
seconds and a radius of 567.06 feet from which a chord bears North 66 degrees
12 minutes 27 seconds East 334.39 feet; thence along said right-of-way line,
along the arc of said curve 339.44 feet; thence North 75 degrees 34 minutes 49
seconds East 27.84 feet to the west right of way line of the former Southwind
Port Road, said point being on a non-tangent curve to the right, concave to the
west, having a central angle of 10 degrees 16 minutes 39 seconds and a radius
of 1696.80 feet from which the chord bears South 05 degrees 07 minutes 36
seconds East 303.96 feet; thence along said right-of-way, along the arc of said
curve 304.37 feet; thence continuing along said west right-of-way line, South
00 degrees 00 minutes 44 seconds West 624.58 feet; thence continuing along said
west right-of-way line, South 00 degrees 00 minutes 08 seconds West 1254.34
feet to a point 7.00 feet inside the north 20 foot right-of-way line of an
existing Port railroad; thence North 84 degrees 32 minutes 08 seconds West
56.08 feet to the point of curvature of a curve to the right, concave to the
northeast, having a central angle of 80 degrees 58 minutes 33 seconds and a
radius of 559.96 feet from which the chord bears North 44 degrees 02 minutes 50
seconds West 727.15 feet; thence along the arc of said curve 791.39 feet;
thence North 03 degrees 33 minutes 34 seconds West 25.50 feet; thence North 00
degrees 00 minutes 13 seconds West 1038.14 to the point of curvature of a curve
to the right, concave to the southeast, having a central angle of 25 degrees 54
minutes 13 seconds and a radius of 583.32 feet from which a chord bears North
12 degrees 56 minutes 51 seconds East 261.48 feet; thence along the arc of said
curve 263.72 feet to the point of intersection with the right-of-way line of
the existing Port railroad right-of-way, being a non-tangent curve to the
right, concave to the southeast having a central angle of 24 degrees 35 minutes
02 seconds and radius of 567.06 feet from the chord bears North 36 degrees 46
minutes 01 seconds East 241.45 feet; thence along said right-of-way, along the arc
of said curve 243.31 feet to the Point of Beginning containing 1,082,505 square
feet (24.85 acres).

 

(Note:
All Port road and railroad rights-of-way referred to in this description are
for convenience and reference only).

 

Parcel # 2A (Leasehold-new description)

 

(portion
of former Southwind Port Road to be vacated by Port lease thereof to Aventine)

 

Part of
the Northeast Quarter of Section 9, Township 7 South, Range 13 West and
part of the Southeast Quarter of Section 4, Township 7 South, Range 13
West, in Black Township, Posey County, Indiana, being more particularly
described as follows:

 

Commencing
at the Southwest Corner of the Southeast Quarter of said Section 4, thence
along the south line of said Quarter section, North 89 degrees 50 minutes 01
seconds East 1053.68 feet to the east line of an existing Port railroad
right-of-way, said point being on a non-tangent curve to the right, concave to
the southeast, having a central angle of 37 degrees 17 minutes 49 seconds and a
radius of 567.06 feet from which a chord bears North 66 degrees 12 minutes 27
seconds Eat 334.39 feet; thence along said right-of-way line, along the arc of
said curve 339.44 feet; thence North 75 degrees 34 minutes 49 seconds East
27.84 feet to the west right of way line of the former Southwind Port Road
being the Point of Beginning; thence continue North 75 degrees 34 minutes 49
seconds East 10.03 feet to a point 10 feet east of the west 50 foot
right-of-way line of existing Southwind Port Road, said point being on a
non-tangent curve to the left, concave to the west having a central angle of 02
degrees 53 minutes 59 seconds and a radius of 1706.80 feet from which the chord
bears North 11 degrees 44 minutes 23 seconds West 86.37 feet; thence parallel
with and 10 feet east of said right-of-way, along the arc of said curve 86.38
feet; thence North 76 degrees 48 minutes 38 seconds East 90.00 feet to the east
right-of-way line of former Southwind Port Road, said point being on a
non-tangent curve to the right, concave to the west having a central angle of
13 degrees 12 minutes 06 seconds and a radius of 1796.80 feet from which the
chord bears South 06 degrees 35 minutes 19 seconds East 413.09 feet; thence
along said right-of-way line, along the arc of said curve 414.01 feet; thence
continue

 

E-2

 

along
said right-of-way line, South 00 degrees 00 minutes 44 seconds West 624.57
feet; thence continue along said right-of-way, South 00 degrees 00 minutes 08
seconds West 1263.90 feet to a point 7.00 feet inside of the existing 20 foot
right-of-way line of an existing Port railroad; thence parallel with said
right-of-way line, North 84 degrees 32 minutes 06 seconds West 100.46 feet to
the intersection with the west right-of-way line of the former Southwind Port
Road; thence along said right-of-way North 00 degrees 00 minutes 08 seconds
East 1254.34 feet; thence continue along said right-of-way North 00 degrees
00minutes 44 seconds East 624.58 feet to the point of curvature of a curve to
the left, concave to the west having a central angle of 10 degrees 16 minutes
39 seconds and a radius of 1696.80 feet from which the chord bears North 05
degrees 07 minutes 36 seconds West 303.96 feet; thence along said right-of-way,
along the arc of said curve 304.37 feet to the Point of Beginning, containing
227,753 square feet (5.23 acres)

 

(Note:
All Port road and railroad rights-of-way referred to in this description are
for convenience and reference only).

 

Parcel # 3 (Leasehold-new description)

 

Part of
the Northeast Quarter of Section 9, Township 7 South, Range 13 West and
part of the Southeast Quarter of Section 4, Township 7 South, Range 13
West, in Black Township, Posey County, Indiana, being more particularly
described as follows:

 

Commencing
at the Southeast Corner of the Southeast Quarter of said Section 4, thence
along the south line of said Quarter, South 89 degrees 50 minutes 01 seconds
West 657.36 feet to the west line of the relocated Southwind Port Road right of
way, said point being the Point of Beginning and being North 89 degrees 50
minutes 01 seconds East 2036.81 feet from the Southwest corner of the Southeast
quarter of said Section 4, said point being on a non-tangent curve to the
right, concave to the southwest having a central angle of 04 degrees 45 minutes
46 seconds and a radius of 473.39 feet from which the chord bears South 27
degrees 06 minutes 11 seconds East a distance of 39.34 feet; thence along said
re-located right-of-way line, along the arc of said curve 39.35 feet to the
point of curvature of a curve to right, concave to the southwest having a
central angle of 07 degrees 31 minutes 26 seconds and a radius of 450.00 feet
from which the chord bears South 20 degrees 57 minutes 35 seconds East a
distance of 59.05 feet; thence continue along said re-located right-of-way,
along the arc of said curve 59.09 feet; thence continue along said re-located
right-of-way South 17 degrees 11 minutes 52 seconds East 123.56 feet to the
point of curvature of a curve to the right, concave to the west having a
central angle of 17 degrees 04 minutes 11 seconds and a radius of 550.00 feet
from which the chord bears South 08 degrees 39 minutes 46 seconds East a
distance of 163.25 feet; thence continue along said relocated right-of-way,
along the arc of said curve 163.86 feet; thence continue along said relocated
right-of-way South 00 degrees 07 minutes 41 seconds East 1149.28 feet to the
point on a non-tangent curve to the right, concave to the west having a central
angle of 27 degrees 49 minutes 45 seconds and a radius of 567.23 feet from
which the chord bears South 17 degrees 11 minutes 17 seconds West a distance of
272.81 feet; thence continue along said re-located right-of-way, along the arc
of said curve 275.51 feet; thence continue along said re-located right-of-way
South 16 degrees 13 minutes 15 seconds West 147.24 feet to a point 7.00 feet
inside the 20 foot right-of-way line of an existing Port railroad, said point
being on a non-tangent curve to the right, concave to the northwest having a
central angle of 42 degrees 49 minutes 59 seconds and a radius of 536.80 feet
from which the chord bears South 69 degrees 31 minutes 36 seconds West 392.02
feet; thence along the arc of said curve 401.30: thence North 89 degrees 03
minutes 25 seconds West 72.48 feet to the point of curvature of a curve to the
right, concave to the north having a central angle of 04 degrees 31 minutes 19
seconds and a radius of 500.00 feet from which the chord bears North 86 degrees
47 minutes 46 seconds West a distance of 39.45 feet; thence along the arc of
said curve 39.46 feet; thence North 84 degrees 32 minutes 06 seconds West 24.56
feet to the intersection with the east right-of-way line of the former
Southwind Port Road; thence along said right-of-way line North 00 degrees 00
minutes 08 seconds East 1263.90 feet; thence continue along said right-of-way
North 00 degrees 00 minutes 44 seconds East

 

E-3

 

624.57
feet to the point of curvature of a curve to the left, concave to the west
having a central angle of 13 degrees 12 minutes 06 seconds and radius of
1796.80 feet from which the chord bears North 06 degrees 35 minutes 19 seconds
West a distance of 413.09 feet; thence continue along said right-of-way, along
the arc of said curve 414.01 feet to the intersection with the south
right-of-way line of re-located Southwind Port Road; thence along said south
right-of-way North 76 degrees 48 minutes 38 seconds East 39.68 feet; thence
continue along said south right-of way South 84 degrees 06 minutes 33 seconds
East 156.74 feet; thence continue along said south right-of-way South 82
degrees 05 minutes 22 seconds East 44.55 feet to the point of curvature of a
curve to the right, concave to the southwest having a central angle of 50
degrees 40 minutes 08 seconds and a radius of 473.39 feet from which the chord
bears South 54 degrees 49 minutes 08 seconds East 405.13 feet; thence
continue-along said south right-of-way, along the arc of said curve 418.64 feet
to the Point of Beginning, containing 1,321,269 square feet (30.33 acres).

 

(Note:
All Port road and railroad rights-of-way referred to in this description are
for convenience and reference only).

 

Parcel # 3A (Leasehold-new description)

 

Part of
the Northeast Quarter of Section 9, Township 7 South, Range 13 West and
part of the Southeast Quarter of Section 4, Township 7 South, Range 13
West, in Black Township, Posey County, Indiana, being more particularly
described as follows:

 

Commencing
at the Southeast Corner of the Southeast Quarter of said Section 4, thence
along the south line of said Quarter, South 89 degree 50 minutes 01 seconds
West 586.20 feet to the west line of an existing Port railroad right of way,
said point being the Point of Beginning and being North 89 degrees 50 minutes
01 seconds East 2107.34 feet from the Southwest corner of the Southeast quarter
of said Section 4; thence along said right-of-way South 19 degrees 05
minutes 17 seconds East 40.34 feet to the point of intersection with the north
right-of-way line of re-located Southwind Port Road, said point being on a
non-tangent curve to the left, concave to the southwest having a central angle
of 58 degrees 48 minutes 46 seconds and radius of 533.39 feet from which the
chord bears North 50 degrees 51 minutes 33 seconds West a distance of 523.79
feet; thence along said north right-of-way, along the arc of said curve 547.51
feet; thence continue along said north right-of-way line North 82 degrees 05
minutes 22 seconds West 46.59 feet; thence continue along said north
right-of-way North 84 degrees 06 minutes 33 seconds West 219.87 feet; thence
North 67 degrees 19 minutes 33 seconds East 237.71 feet; thence North 22
degrees 40 minutes 27 seconds West 79.51 feet to a point on the south limited
access right-of-way line of State Road 62 (Project No. F-845 (19) dated
1966), said point being the point of curvature of a non-tangent curve to the
right, concave to the southeast, having a central angle of 02 degrees 53
minutes 44 seconds and a radius of 5636.44 feet from which a chord bears North
67 degrees 36 minutes 37 seconds East 284.81 feet; thence along said
right-of-way, along the arc of said curve 284.84 feet to the west right of way
line of an existing Port railroad; thence along said west right-of- way line,
South 19 degrees 05 minutes 17 seconds East 629.58 feet to the point of
beginning containing 113,022 square feet (2.59 acres).

 

(Note:
All Port road and railroad rights-of-way referred to in this description are
for convenience and reference only).

 

Parcel # 4 (Leasehold-new description)

 

Part of
the Northeast Quarter of Section 9, Township 7 South, Range 13 West and
part of the Southeast Quarter of Section 9, Township 7 South, Range 13
West, in Black Township, Posey County, Indiana, being more particularly
described as follows:

 

E-4

 

Commencing
at the Northeast Corner of the Southeast Quarter of said Section 9, thence
along the north line of said Quarter, South 89 degrees 48 minutes 03 seconds
West 373.82 feet to the west line of an existing railroad right-of way; thence
along said west line of the railroad right-of way, South 00 degree 00 minute 00
second East 8.07 feet to the north right of way line of Port Road # 570; thence
along said north right-of-way line, South 89 degrees 57 minutes 39 seconds West
227.96 feet to the west right-of-way line of re-located Southwind Port Road
being the Point of Beginning; thence continue along said right-of-way line of
Port Road # 570 South 89 degrees 57 minutes 39 seconds West 461.45 feet to the
east right-of-way line of former Southwind Port Road; thence along said east
right-of-way line North 00 degrees 00 minutes 08 seconds East 597.36 feet to
the south tight-of-way line of an existing railroad; thence along said south
right-of way line, North 89 degrees 56 minutes 02 seconds East 136.43 feet to
the point of curvature of a curve to the left, concave to the northwest, having
a central angle of 36 degrees 20 minutes 24 seconds and a radius of 592.96 feet
from which a chord bears North 71 degrees 45 minutes 50 seconds East 369.81
feet, thence along the southeasterly right-of-way line of said railroad and
along the arc of said curve 376.09 feet to the west right-of-way line of
re-located Southwind Port Road; thence along said right-of-way line South 16 degrees
13 minutes 15 seconds West 1.12 feet to the point of curvature of curve to the
left, concave to the east having a central angle of 16 degrees 26 minutes 11
seconds and a radius of 700.00 feet from which the chord bears South 08 degrees
00 minutes 10 seconds West 200.12 feet; thence along said right-of-way line and
along the arc of said curve 200.81 feet; thence continue along said
right-of-way line South 00 degrees 12 minutes 56 seconds East 513.68 feet to
the Point of Beginning, containing 286,541 square feet (6.58 acres).

 

(Note:
All Port road and railroad rights-of-way referred to in this description are
for convenience and reference only).

 

Parcel #4A (Leasehold-new description)

 

Part of
the Northeast Quarter of Section 9, Township 7 South, Range 13 West and
part of the Southeast Quarter of Section 9, Township 7 South, Range 13
West, in Black Township, Posey County, Indiana, being more particularly
described as follows:

 

Commencing
at the Northeast corner of the Southeast Quarter of said Section 9, thence
along the north line of said quarter section, South 89 degrees 48 minutes 03
seconds West 373.82 feet to the west line of an existing railroad right of-way,
being the Point of Beginning; thence along said west line of the railroad
right-of-way, South 00 degrees 00 minutes 00 seconds East 8.07 feet to the
north right-of-way line of Port Road # 570; thence along said north
right-of-way line, South 89 degrees 57 minutes 39 seconds West 127.96 feet to
the east right-of-way line of relocated Southwind Port Road; thence along said
east right-of-way line North 00 degrees 12 minutes 56 seconds West 513.99 feet
to the point of curvature of a curve to the right, concave to the east having a
central angle of 16 degrees 26 minutes 11 seconds and a radius of 600.00 feet
from which the chord bears North 08 degrees 00 minutes 10 seconds East 171.53
feet; thence along said east right-of-way line along the arc of said curve
172.12 feet; thence North 16 degrees 13 minutes 15 seconds East 201.98 feet to
the southeasterly right-of-way line of an existing railroad, said point being
on a non-tangent curve to the left, concave to the northwest having a central
angle of 10 degrees 47 minutes 59 seconds and a radius of 592.96 feet, from
which the chord bears North 26 degrees 22 minutes 54 seconds East 111.60 feet;
thence along said southeasterly right-of-way line of said railroad and along
the arc of said curve 111.77 feet to the west right-of-way line of an existing
railroad running north-south; thence along said west railroad right-of-way
line, South 00 degrees 00 minutes 00 seconds East 969.62 feet to the point of
beginning containing 104,374 square feet (2.40 acres).

 

(Note:
All Port road and railroad rights-of-way referred to in this description are
for convenience and reference only).

 

E-5

 

Parcel #5 (Easement-revised)

 

Non-exclusive
Rights of Ingress and Egress to and from the nearest public roads over existing
roads within the Port as may be granted and changed by the Indiana Port
Commission as created within the unrecorded Lease Agreement dated October 31,
2006 by and between the Indiana Port Commission and Aventine Renewable
Energy-Mt Vernon, LLC, the leasehold interest further placed of record by a
Memorandum of Lease by and between the Indiana Port Commission and Aventine
Renewable Energy-Mt Vernon, LLC, recorded January 30, 2007 as Instrument No. 200700454.

 

Parcel #6 (Easement-revised)

 

Non-exclusive
Rights of Ingress and Egress to and from all public wharves, docks and related
facilities serving the Port and existing railroads within the Port as may be
granted and changed by the Indiana Port Commission as created within the
unrecorded Lease Agreement dated October 31, 2006 by and between the
Indiana Port Commission and Aventine Renewable Energy-Mt Vernon, LLC, the
leasehold interest further placed of record by a Memorandum of Lease by and
between the Indiana Port Commission and Aventine Renewable Energy-Mt Vernon,
LLC, recorded January 30, 2007 as Instrument No. 200700454.

 

	
  To:

  	
  Aventine Renewable Energy-Mt Vernon, LLC, Aventine
  Renewable Energy Holdings,

  
	
   

  	
  Inc., Indiana Port Commission (client)

  
	
   

  	
  JPMorgan Chase Bank, N.A., as Administrative Agent (lender)

  
	
   

  	
  First American Title Insurance Company

  

 

The
undersigned certifies that to the best of his professional knowledge,
information and belief, this map or plat and the Survey on which it is based
where made on the date shown below of the premises specifically described in
First American Title Insurance Company Commitment No. NCS-259759-NY, dated
October 29, 2006, further:

 

This
is to certify that this map or plat and the survey on which it is based were
made in accordance with the “Minimum Standard
Detail Requirements for ALTA/ACSM Land Title Surveys,” jointly
established and adopted by ALTA and NSPS in 2005, and includes items
1,2,3,4,6,7a,7c,8,9,10,11a,12 and 13 of Table A thereof. Pursuant to the
Accuracy Standards as adopted by ALTA and NSPS and in effect on the date of
this certification, undersigned further certifies that in my professional
opinion, as a land surveyor registered in the State of Indiana, the maximum
Relative Positional Accuracy of this survey does exceed that which is specified
therein.

 

	
  Date:

  	
  June 13, 2008

  	
   

  	
   

  	
  /s/ Danny K. Leek

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Dan K. Leek PLS

  
	
   

  	
   

  	
   

  	
  Indiana Registration No. S 0480

  
	
   

  	
   

  	
   

  	
  Morley and Associates Inc.

  
	
   

  	
   

  	
   

  	
  4800 Rosebud Lane

  
	
   

  	
   

  	
   

  	
  Newburgh, In 47630

  
	
   

  	
   

  	
   

  	
  Telephone No. (812) 464-9585

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Field Work Completed:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Date of Last Revision: June 11, 2008

  

 

E-6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}]]