Document:

EX-10.30

 Exhibit 10.30 
 Confidential Treatment Requested. Confidential portions of this document have been redacted and have been separately filed with the Commission. 

 

							
	 PILOT TRAVEL CENTERS LLC
 BIODIESEL PURCHASE AGREEMENT
 “AGREEMENT”

 

				
	Buyer:	 	       Pilot Travel Centers LLC

      5508 Lonas Road
       Knoxville, TN 37909
	 	Buyer Contact:	  	***
				
	Seller:	 	 REG Marketing & Logistics Group, LLC
 416 South Bell Avenue
 Ames, IA 50010
	 	Seller Contact:	  	Gary Haer
				
	Date:	 		 		  	
	Product:	 	 Biodiesel *** or *** (***) (“Product” or “Biodiesel”)

***at the election of Seller
	  	

							
		
	Quantity:	 	Over the term of the Agreement, approximately *** gallons (the “Contract Quantity”) +/- the Purchasing Variance (as defined below).
		
	Price:	 	Previous day, nearby month, *** price *** $*** per gallon FOB Buyer’s *** locations for B100 plus ***as further ***.
		
		 	Previous day, nearby month, ***price *** $*** per gallon FOB Buyer’s *** locations for B99.9 plus ***as further ***.
		
		 	* *** for 2013 at ***.
		
	Terms:	 	 Net *** days receipt of invoice via ACH and per the “Biodiesel Purchase Terms”

(“Terms”) of this Agreement.

		
	Term of Agreement:	 	January 1, 2013 through December 31, 2013.
		
	F.O.B.	 	FOB *** as required by *** and as further delineated in the Terms.
		
	 Mode of

Transportation:
	 	Tanker truck
				
	Invoice To:	 	 Pilot Travel Centers LLC

5508 Lonas Road
 Knoxville, TN
37909
 Attn: Fuel Payables
	  		  	

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

 

							
	 SEE THE ATTACHMENT FOR

ADDITIONAL “TERMS” WHICH ARE REFERRED TO AND
 INCORPORATED HEREIN BY REFERENCE

  

									
	Seller: REG Marketing & Logistics Group, LLC	 		 	Buyer: PILOT TRAVEL CENTERS LLC
					
	By: 	 	 /s/ Gary Haer
	 		 	By: 	 	 ***

					
	Name:	 	 Gary Haer
	 		 	Name:	 	 ***

					
	Date:	 	January 31, 2013	 		 	Date:	 	January 17, 2013

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

 
 BIODIESEL PURCHASE TERMS 

These terms and conditions (“Terms”) apply to any agreement to which they are attached, or in which they are incorporated by reference. The
agreement which incorporates the Terms and these Terms are collectively referred to as the “Agreement”, and the terms “Biodiesel” and/or “Product” refer to those monalkyl esters of long chain fatty acids purchased by
Pilot Travel Centers LLC (“Buyer”) under the Agreement from REG Marketing & Logistics Group, LLC (“Seller”). 
 1. Taxes: In addition to the per gallon purchase price stated below, Buyer will be liable for, and will pay and/or reimburse Seller for the payment of, any and all taxes, fees, duties, assessments
and other charges (“Tax”), whether now existing or hereafter arising, which are imposed, levied or assessed by any federal, state, tribal or local governmental or regulatory authority with respect to the products sold and delivered to
Buyer, the taxable incident of which arises out of or relates to the sale, delivery, receipt, transfer of title, inspection, removal from storage, measurement, receipt of payment, or other activity, regardless of when imposed, of the products to
Buyer, or Buyer’s payment therefor. In the event that Seller is required to pay any such Tax directly to the appropriate authority, Buyer will promptly upon demand reimburse Seller for such payments. Buyer will furnish Seller with any exemption
or resale certificate or direct payment permit to which Buyer may be entitled and will promptly notify Seller of any change in the validity or scope of the same. Buyer shall not be responsible for any taxes based on income, corporate franchise tax,
or license fee of Seller. Buyer shall be responsible for any tax arising from the sale, transfer, or delivery of the Biodiesel to Buyer under this Agreement. 
 2. Quantity: Buyer shall purchase and receive from Seller and Seller shall sell and deliver to Buyer an amount equal to the Contract Quantity, as specified on the cover page of this
Agreement. A purchasing variance of ***plus or minus shall apply to the Monthly Volumes (as defined below) as set forth below (“Purchasing Variance”). 
 Buyer will designate quantities required at each Designated Location (as defined below) on a monthly basis (the “Monthly Volumes”). The initial schedule of Monthly Volumes is attached as
Appendix A. Buyer shall purchase and receive from Seller and Seller shall sell and deliver to Buyer on a ratable basis each month an amount equal to the Monthly Volumes specified for each Designated Location for that month as further specified on
Appendix A. A purchasing variance of *** plus or minus shall apply to each of the Monthly Volumes. Buyer may modify Monthly Volumes required at each Designated Location with *** days prior notice to Seller for good reason, provided
that during the Term of this Agreement, the Buyer purchases and receives a total amount each month equal to the Monthly Volumes, plus or minus the Purchasing Variance and provided further that any change in the Monthly Volumes greater than
*** is mutually agreed. Good reason shall include, but not be limited to, a sale of a Designated Location. Buyer’s desire to source biodiesel from another party shall not be considered a good reason. 

Notwithstanding any other provision of this Agreement, at any time after this Agreement is executed or during the Term of this Agreement
and any extensions thereof, in the event Buyer closes a Designated Location(s), ceases operation of a Designated Location(s) or transfers its ownership interest, whether fee or leasehold to a third party, Buyer shall be entitled to transfer the
volume associated with said Designated Location(s) to another of Buyer’s locations, provided that such locations are within ***of Seller’s facilities. 

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

 
 If Buyer, fails to purchase from Seller, a total amount each
month equal to the aggregate of the Monthly Volumes specified for each Designated Location for that month as specified on Appendix A, minus the aggregate Purchasing Variance *** minus any volumes associated with new stores as noted in
Appendix A, minus any closed Designated Locations for any reason other than Force Majeure, as defined below, then Buyer shall have breached this Agreement. Buyer shall have 60 days to mitigate breach caused by a shortfall month by increasing the
blend percentage at existing Designated Locations or adding additional Designated Locations within *** of seller’s facilities. 
 After said 60 day period, in addition to such other rights and remedies as may be available to Seller, Buyer shall, within *** days after ***of ***from ***the *** to
*** by *** an *** to ***, on a ***, of ***that *** has *** In addition, the applicable Contract Quantity and applicable Monthly Volume shall be reduced by the *** of *** that
***to *** but *** for ***to the ***. 
 To the extent Seller secures ***to ***,
the *** will be *** by *** to *** for the ***the *** to *** for the *** that *** to ***the ***of *** that ***to ***to ***. To the *** for
the *** the *** shall *** the *** and *** for *** shall be ***. 
 Upon mutual
agreement between Buyer and Seller, the Contract Quantity specified on the cover page of this Agreement can be further increased or decreased. 
 3. Delivery Terms: All sales shall be F.O.B. Buyer’s locations. It is expressly understood that all sales are on a *** basis unless the parties mutually agree otherwise. The
“F.O.B. Point” stated in these Terms shall, at a minimum, include the following locations (each, a “Designated Location”): 
 *** 
 Buyer and Seller may mutually agree to modify, to add to and/or to
delete Designated Locations throughout the term of this Agreement. Buyer’s discretion to modify, to add to and/or to delete Designated Locations is limited to Buyer’s locations within the states of ***, and *** and within
*** of Seller’s facility located at ***, or *** (“Seller’s Facility”), provided that during the Term of this Agreement, the Buyer purchases and receives a total amount equal to the Contract Quantity, plus or
minus ***. 
 Seller, its agents or subcontractors must be properly licensed, trained, understand and follow Buyer’s
policies and procedures regarding fuel delivery, and are familiar with the physical layout, drop sites, underground storage tanks, and ingress and egress routes of the Designated Location(s) before delivery. Seller, its agents or subcontractors
agree to work with Buyer in keeping the unloading area clean. Seller, its agents or subcontractors further agree that in the event of a spill that occurs solely as a result of their negligence, they assume any and all cleanup liability related
thereto. Buyer may, with good reason and with thirty (30) days notice to Seller, request that Seller replace any agent or subcontractor acting on Seller’s behalf. Good reason shall include safety, environmental and other legitimate
operational concerns. 
 Upon first delivery of Biodiesel under this Agreement at each Designated Location, and unless waived by
Buyer, Biodiesel inventory levels at each Designated Location will be managed on a ***, with Biodiesel inventory levels at each Designated Location maintained at a minimum of *** and a maximum of *** of that Designated Location’s
Tank capacity, provided that maintaining the minimum inventory levels at each Designated Location does not require Seller to ship more than the applicable Monthly Volumes, plus or minus ***. 

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

 
 If Seller, its agents or subcontractors fail to deliver or
make available (up to the maximum quantity allowed to Buyer under this contract) the volume required by Buyer, by Designated Location, such that any or all of Buyer’s Designated Locations run out of Biodiesel for any reason other than force
majeure (provided that Seller shall not by such provision be required to ship more than the applicable Monthly Volume for a Designated Location, plus or minus the Purchasing Variance), then Seller shall have breached this Agreement. In addition to
such other rights and remedies as may be available to Buyer, Seller shall, within ten (10) days after delivery of reasonable documentation from Buyer *** the *** to *** by *** an *** to (i) ***, on
a ***, of ***or ***to *** the *** has *** to ***, if any, of ***, or *** by ***. In addition, the applicable Contract Quantity and the applicable Monthly Volume shall be reduced
by the quantity of *** or *** by the Buyer. 
 To the extent Buyer *** to ***, the ***will be *** by
*** the ***of the ***and the *** the *** of ***. To the extent *** to *** will be *** the *** the ***, at the ***, of the *** and the ***of the
***, if any *** the ***. To the extent *** a *** for *** or *** (in the event of ***, if any), *** shall *** the*** and *** for *** shall be ***.

 The *** will be calculated as the difference between the ***, to which the *** would have been entitled
if not for the ***, and the *** received by the ***; provided that, it shall be the *** to evidence, with documentation provided by the ***, the extent of such difference and that such difference arose solely as a
***. 
 4. Risk of Loss / Title Transfer: Title and risk of loss shall pass to Buyer at the ***
transfers into the receiving Tank(s). Buyer will only be responsible for gallons actually delivered by Seller’s truck. Seller agrees that Buyer may (in order of preference) (a) use electronic monitoring systems to track fuel inventory
levels and/or (b) cause Seller’s delivery trucks to be weighed on calibrated scales at Buyer’s Designated Locations before and after the Product has been delivered at Buyer’s Designated Locations. Quantities of Product delivered
will be deemed to be the amount listed on the Bill of Lading generated by Seller’s Facility or any other Biodiesel facility or terminal; provided however, that in the event that either (a) the gallons shown on the electronic monitoring
system installed by Buyer or (b) the gallons calculated from the before/after weight of the truck, is not within *** gallons of the gallons printed on Seller’s Bill of Lading, only those gallons calculated to have been delivered by
(a) the electronic monitoring system or (b) the before/after weigh in of the delivery truck shall be deemed to have been delivered to and purchased by Buyer and Seller shall be deemed to have failed to sell and deliver any differences. Any
scales and/or electronic monitoring systems used by Buyer will be, in all cases, certified by the relevant government agency, and such certification shall be current at the time of measurement. Seller has the right to inspect and verify the accuracy
of the electronic monitoring systems or weigh scales. 
 Should Buyer desire to utilize its own transportation assets to take
delivery ***, Buyer and Seller agree to use good faith efforts to accommodate Buyer. Should Buyer take delivery ***: 
 a) Buyer and Seller agree to renegotiate the pricing to reflect Seller’s changed cost of selling on an *** versus a ***. 

b) The title and risk of loss shall pass to Buyer as Biodiesel enters the receiving equipment of Buyer’s truck. 

c) Buyer is responsible to present suitable trucks for loading and shall comply with all safety and operating procedures applicable to
and at Seller’s Facility, and the Quality and Quantity of the goods will be considered final at loading, 

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

 
 d) Buyer may *** with *** provided by Buyer at
Seller’s facilities. Seller shall retain title to any vapors or condensate recovered during delivery, 
 e) Buyer and
Seller will need to agree in advance on a schedule for pickup, or other suitable arrangement. 
 5. *** Changes:

 Notwithstanding anything else to the contrary contained herein, in the event that any *** or *** *** or *** any
*** or *** that *** or *** any to the Buyer for the Designated Location(s), Buyer at its sole discretion, may in whole or in part, unilaterally terminate this Agreement for the affected Designated Location(s) (each a
“Terminated Location”). Prior to unilaterally terminating this Agreement for the affected Designated Location(s) pursuant to the terms of this paragraph, Buyer and Seller shall meet and discuss alternatives to termination. In the event
that Buyer and Seller are not able to agree upon an alternative to termination, all of the parties rights, duties and obligations under this Agreement related to such Terminated Location(s) shall terminate and be of no further force and effect.
Buyer may only exercise this right within thirty (30) days of the effective date of the elimination and/or reduction in the credit. 

Should any *** or *** in a manner that *** or *** (in each party’s sole judgment), Buyer and Seller agree to a good
faith effort to renegotiate the terms and conditions of this Agreement to account for such change. Should that renegotiation be unsuccessful, then the *** party may, at its sole discretion, unilaterally terminate this Agreement for the
affected Designated Location(s). In the event a *** party makes such an election, all of the parties rights, duties and obligations under this Agreement related to such Terminated Location(s) shall terminate and be of no further force and
effect ten (10) days after such party provides written notice to the other party that it does not believe in good faith that efforts to renegotiate the Agreement will be successful. 
 In the event that any ***, or *** a *** only ***, or specifically related to the *** of *** for the ***, Buyer and Seller agree to a good faith effort to
renegotiate the terms and conditions of this Agreement to account for such change. Should that renegotiation be unsuccessful, then Buyer at its sole discretion, may in whole or in part, unilaterally terminate this Agreement for the affected
Designated Location(s) on sixty (60) days prior written notice. In the event Buyer makes such an election, all of the parties’ rights, duties and obligations under this Agreement related to such Terminated Location(s) shall terminate and
be of no further force and effect at the later of the effective date of such taxes or the end of said sixty (60) day notice period. 
 In
the event that any *** or *** or *** or *** that *** or *** the *** of ***, and such *** results in *** having to *** already *** with *** for the ***,
*** may reduce the Contract Quantity by an amount equal to the *** at the *** the *** by the *** or Buyer and Seller agree to a good faith effort to renegotiate the terms and conditions of this Agreement to account
for such change. Should that renegotiation be unsuccessful, then Buyer at its sole discretion, may in whole or in part, unilaterally terminate this Agreement for the affected Designated Location(s) on sixty (60) days prior written notice. In
the event Buyer makes such an election, all of the parties rights, duties and obligations under this Agreement related to such Terminated Location(s) shall terminate and be of no further force and effect at the later of the effective date of the
*** or the end of said sixty (60) day notice period. If such *** the *** of *** that can be *** into ***, *** may reduce the Contract Quantity to *** with the ***. Such reduction(s)
in the Contract Quantity will take effect at the later of the effective date of the ***days from Seller’s receipt of Buyer’s written notice. 
 In the event that any *** or *** or *** any *** or *** that *** the ***, the *** or *** of ***, or

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

 
 
the *** uses for *** into *** for the Designated Location(s), Buyer and Seller agree to a good faith effort to renegotiate the terms and conditions of this Agreement to
account for such change. Should that renegotiation be unsuccessful, then Buyer at its sole discretion, may in whole or in part, unilaterally terminate this Agreement for the affected Designated Location(s) on sixty (60) days prior written
notice. In the event Buyer makes such an election all of the parties rights, duties and obligations under this Agreement related to such Terminated Location(s) shall terminate and be of no further force and effect at the later of the effective date
of the *** or the end of said sixty (60) day notice period. 
 In the event that *** may become limited, at *** sole
discretion, in its *** because the *** that *** may purchase has already been *** with ***, Buyer and Seller agree to a good faith effort to renegotiate the terms and conditions of this Agreement to account for
such change. Otherwise, Buyer may reduce the Contract Quantity by an amount equal to the *** at the *** by the *** the *** into the *** that *** is *** in *** 

6. Measurement: Quantities delivered to Buyer’s Designated Facilities shall be determined in accordance with Section 4
of this Agreement and the requirements of this Section 6. All volumes for delivery shall be temperature-adjusted to 60°F using built-in temperature compensators or ASTM tables. Either party may require that Biodiesel quantity be determined
by a jointly selected, licensed petroleum inspector, whose findings shall be conclusive. Customary inspection costs shall be shared equally, but additional services shall be paid for by the party requesting them. The term “gallon” means a
U.S. gallon of 231 cubic inches. All measurements and/or tests shall be made in accordance with the latest standards or guidelines published by ASTM. Objections to measurements, including claims for shortage, for quantities delivered from
Seller’s facility must be made to Seller within Sixty (60) calendar days from the date of delivery. 
 7. Price:
Daily prices will be *** determined from the Product Bill of Lading as Product is loaded from the Seller’s Facility or any other Biodiesel facility or terminal. 

The daily price will be: 
 Previous day, nearby month, ***price *** *** per gallon FOB *** locations for *** per gallon as further specified in Section 7. * 

Previous day, nearby month, *** price *** *** per gallon FOB *** locations for *** per gallon as further specified in Section 7. *

 * ***. 

The *** shall be the exact *** that Seller delivered to Buyer with the *** unless agreed to otherwise by Seller in writing in advance with the only
difference being that the Seller is *** and the Buyer is *** as the ***. For the purpose of clarity, the *** means the very *** to the *** pursuant to this Agreement, not ***. The only difference between the *** by *** with the *** and the ***
delivered to *** by *** as payment for the *** shall be 

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

 
 
that the Seller is *** and the *** is *** after they have been *** to ***in accordance with the *** (as defined below). The *** shall also be the same. If Seller ***, Buyer shall *** and if
Seller ***, Buyer shall *** as set forth above. 
 The last reported *** will be used for weekends, holidays, or
other such times that *** does not publish a value. 
 Due to the uncertain status of the liquidity of the ***over
the term of this Agreement, both parties acknowledge that an *** may be needed. If either party determines in good faith that the *** no longer provides adequate liquidity, it shall so notify the other party and Buyer and Seller agree
to convert the price in this Agreement contract effective upon a mutually determined date from the *** to a Previous day ***. Upon the effective date of this agreed upon change, the *** shall change from the noted differential
to *** of the *** to the noted differential to *** of the *** plus or minus the average difference between the *** during 2012 over the time remaining in the contract. 

Should *** no longer publish the *** or should the market for fuel traded on this index become illiquid, the parties shall
agree to a new index and ***. 
 8. Payment Terms: 

(a) Buyer agrees to pay Seller by bank ACH wire transfer based on weekly invoices with said wire transfer to be made to Seller within
*** days after receipt of invoice. Buyer shall pay for Net gallons delivered as determined in accordance with Sections 4 and 6 hereof. Buyer shall pay Seller for delivered product(s) in U.S. dollars without any adjustments, discounts, or
setoffs, on or before the due date. All past due payments hereunder shall bear interest from the date due until the date paid at the rate of *** per month or at the maximum rate authorized by law, whichever is less. Accounts that are past due
will be ineligible for applicable allowance, deductions, or discounts, if any. In addition to all other rights and remedies, Seller shall have the right to suspend, cancel or terminate this Agreement if Buyer does not pay all amounts due to Seller
in accordance with the terms of this Agreement. 
 (b) In addition to all other rights and remedies, in the event of either
party’s default respecting any provision of this Agreement, the non-defaulting party may offset any damages arising therefrom, including, without limitation, withholding payment, delivery or acceptance of product, material or services, relating
to any and all agreements or transactions with the defaulting party. 
 (c) The *** shall be due, payable and shall be *** to
Seller as follows: all *** owed for a calendar week shall be due and payable to Seller on the third business day following the end of such week and shall be available to Seller in *** within 5 days thereof in accordance with the
***. 
 9. Compliance With Laws: Each of Seller and Buyer will make commercially reasonable efforts to ensure that
it and its employees, contractors, carriers, and agents shall comply with all laws, regulations, and standards applicable to the manufacture, storage, sale, transportation, and disposition of Biodiesel. 

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

 
 10. Safety and Health: Seller is required to furnish
Buyer with a complete Material Safety Data Sheet and other information about the safety and health aspects of Biodiesel prior to the first delivery and shall provide current and updated Material Safety Data Sheets to Buyer during the term of this
Agreement. 
 11. Warranty of Title: Seller warrants that it has good title to the Biodiesel sold and delivered
hereunder, free of all liens, charges, encumbrances, pledges or security interests. Seller warrants the Biodiesel is free of any claims of infringement of any patent, copyright or misappropriation of any confidential information or trade secret of
other parties. THIS WARRANTY AND THE WARRANTY IN SECTION 12 ARE THE SOLE WARRANTIES MADE BY SELLER AND ARE IN LIEU OF ALL OTHER EXPRESS OR IMPLIED WARRANTIES. 
 12. Warranty of Quality: Seller represents and warrants that all Biodiesel supplied to the Buyer’s point of title transfer complies with the most current version of ***for use in ***
or in the case of *** when it was *** to *** to ***. Seller further represents and warrants that the Biodiesel sold and delivered hereunder complies both with *** and the most current quality assurance standard
observed by the *** or its successor, or in the case of ***, complied when it was *** immediately prior to blending to ***. Seller represents and warrants that the biodiesel is merchantable and fit for blending into
petroleum diesel for on-road consumption. 
 Seller will, at Buyer’s option and at Seller’s cost (including, but not
limited to, laboratory costs, shipping, and handling), submit sufficient samples of Biodiesel to an independent third party laboratory of Buyer’s choosing for quality assurance testing that the Biodiesel meets all specifications described in
the Warranty of Quality. 
 Seller will, at Buyer’s option and at Seller’s cost (including expense of return and
re-delivery), remedy the defect in, replace, or refund the purchase price of, any Biodiesel that fails to meet this warranty. 

Seller additionally represents and warrants that any Biodiesel sold to Buyer during the months of *** will have a *** of
***; and during the months of *** a *** of ***. If Buyer, after handling the Biodiesel in conformance with industry practices, experiences any problems with Biodiesel blending resulting from cold weather situations, both
parties agree to work together to resolve the issue. With written agreement, Buyer and Seller may agree to waive this *** if weather conditions and/or other factors allow. 

***, or diligently pursuing compliance, during the term of this contract. 

13. Biodiesel Certification: Seller shall provide Buyer a Biodiesel Certificate of Analysis (“CoA”) for each shipment
setting forth at least the following data: Biodiesel source; lab ID; date of lab receipt, date of analysis; test results for the requirement that the Biodiesel meets the most recent *** for *** for use in ***. 

Seller shall provide Buyer at the delivery at the Designated Location, documentation for each load uniquely referencing the CoA
applicable to that load and stating: *** containing a *** by *** and meeting all applicable *** or ***, made from *** containing a *** by *** and meeting all ***. 

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

 
 In accordance with EPA’s RFS regulations at ***,
Seller shall *** to at least ***, but no more than *** to *** for each *** by *** at the *** of the *** is ***. All such *** shall be for the *** in which *** to
***, shall be *** with a ***, and shall be *** via a *** that is *** with the ***. 
 Seller
represents and warrants that: 
  

	 	a)	The *** were *** and entered into the *** between January 1, 2013 and December 31, 2013 under the requirements of the *** and
Seller has the right to *** such *** pursuant to the ***; and 

  

	 	b)	Seller has *** and *** to the *** and such *** are *** of any ***or ***against Seller, and 

 

	 	c)	The ***have not been previously used for *** by an *** or ***and 

 

	 	d)	Seller has *** with all *** of the *** and *** with regard to the *** and the *** of the ***. 

In the event that Seller breaches any of the warranties contained herein (***) Seller shall replace (at Seller’s own cost and expense), the
*** with a *** of *** within 30 days of discovery of the *** 
 Buyer represents and warrants that it will comply
with all ***of the ***, including those related to the conversion of ***, and *** with regard to the *** and the *** 
 14. Force Majeure: Neither party shall be liable to the other for any delay or failure in performance to the extent that it is caused by circumstances beyond its reasonable control, or by fire;
explosion; flood; earthquake; storm; act of God; sabotage or vandalism; strike or other labor disturbance (neither Seller nor Buyer shall be required to settle a labor dispute or take an action that might involve it in a labor dispute); interruption
of utility services; or compliance with any law, regulation or order (regardless of validity) of any governmental or military authority (“Force Majeure Event”); provided however, that notwithstanding the forgoing, a failure to make
payments accrued prior to a Force Majeure Event when due shall not be excused. *** of *** or *** is not a Force Majeure Event. In the event of a Seller Force Majeure Event, nothing contained in this Agreement shall be construed
to require Seller to produce or acquire Biodiesel from facilities other than Seller’s Facility. 
 15. Indemnity:
Seller shall indemnify, defend and hold harmless Buyer and its employees and agents (“Buyer Indemnitees”) against any loss, claim, liability (actual or alleged), fine, or expense (including consequential, incidental, lost profits, or
punitive damages, and further to include court costs, attorney fees, and litigation expenses) (“Damages”), of any kind (including those based in tort, warranty, or strict liability), to the extent asserted by a third party against the
Buyer Indemnitees and arising out of, or in connection with any failure of Seller to comply with this Agreement, or any act or failure to act by Seller in the handling, storage, transportation, or sale of Biodiesel purchased under the Agreement. In
responding to such third-party claims, if Seller has acknowledged in writing its obligation to indemnify Buyer Indemnitees from any such Damages, Seller may select an attorney and may enter into any settlement without affecting this obligation.

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

 
 
Likewise, Buyer shall indemnify, defend and hold harmless Seller and its employees and agents (“Seller Indemnitees”) against any Damages, of any kind (including those based in tort,
warranty, or strict liability), to the extent asserted by a third party against the Seller Indemnitees and arising out of, or in connection with any failure of Buyer to comply with this Agreement, or any act or failure to act by Buyer in the
handling, storage, transportation, or sale of Biodiesel purchased under the Agreement. In responding to any third-party claims, if Buyer has acknowledged in writing its obligation to indemnify Seller Indemnitees from any such Damages, Buyer may
select an attorney and may enter into any settlement without affecting this obligation. 
 16. Limitation of Liability:
Subject to the obligations of Section 3, Section 14, and Section 15, neither party shall be liable to the other for consequential, incidental, lost profits, or punitive damages arising out of any breach of this Agreement or for
any other reason. 
 17. Default and Termination: Either party may terminate the Agreement in the event of a material
default by the other party that is not cured within thirty (30) days after notice of default is given. Upon giving of such notice to the defaulting party, the non-defaulting party may defer shipments or receipt of deliveries until default is
cured by the defaulting party. The right to terminate is in addition to any other remedy that may be available. A waiver of a default in one instance does not extend to any subsequent default. Termination of this Agreement shall not relieve Buyer
from payment for all Product delivered prior to such termination. In the event of termination of this Agreement, Buyer shall have no further obligation to take Product pursuant to this Agreement and Seller shall have no further obligation to sell or
deliver Product pursuant to this Agreement. Notwithstanding any other provision in this Section 17 or this Agreement, if a specific damage remedy for a default is provided under this Agreement (including without limitation, Section 3) and
such damages are timely paid by the defaulting party, then such payment shall constitute cure of the default for the purposes of this Section 17 and the non-defaulting party shall not have the right to terminate this Agreement for such default.

 19. ***: Both parties shall make all necessary reasonable efforts to ensure that the ***is fully available to
the ***of the fuel. However, Seller makes no *** regarding whether ***will ultimately *** the ***. 
 20. Governing Law: The purchase of Biodiesel by Buyer, and the Agreement, shall be governed by Tennessee law, excluding its conflict of laws provisions and excluding the United Nations Convention
on Contracts for the International Sales of Goods. 
 21. Survivorship: Seller’s obligations in Sections 1, 8, 11,
13, 15, 16, and 19 above shall survive termination of the Agreement. Buyer’s obligations in Sections 1, 8, 15, 16 and 19 above shall survive termination of the Agreement. 
 22. Enforceability: The invalidity or unenforceability of any part of the Agreement shall not affect the validity or enforceability of its remaining provisions. 

23. Anti-Waiver: The right of either party to require strict performance by the other of any and/or all the obligations
imposed upon the other by the Agreement shall not in any way be affected by any previous waiver, forbearance or course of dealing. 
 24. Merger: The Agreement contains the entire agreement of the parties with respect to its subject matter. 

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

 
 25. Assignment: The Agreement, and any rights or
duties under it may not be assigned or delegated by operation of law or otherwise by Seller or Buyer without the prior written consent of the other, which consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the
foregoing, Seller shall be permitted to assign its rights and/or obligations under the Agreement without the prior consent of Buyer (a) to another entity, or to Seller’s affiliate or successor (collectively herein “Assignee”), if
such Assignee expressly assumes all obligations not otherwise remaining with Seller hereunder, and Seller nonetheless remains responsible hereunder, and (b) to any lender as collateral security for any indebtedness of Seller to such lender,
provided, however, that any further assignment by Seller’s lender requires the prior written consent of Buyer, which consent shall not be unreasonably withheld, conditioned or delayed. Any attempted assignment or delegation in violation of this
Section 25 shall be void. 
 26. Notice Requirement: Any claim or notice required by the Agreement to be given shall
be in writing and shall be sent by either (a) certified mail return receipt requested; (b) by a national overnight courier service to the address specified on page one of the Biodiesel Purchase Agreement to which these terms are attached;
or (c) by facsimile to the number specified on page one of the Biodiesel Purchase Agreement to which these terms are attached followed within five business days by a copy delivered by certified mail return receipt requested or by national
overnight courier service. 
 27. Modification: Both parties agree that no proposals, amendments, modifications, purchase
orders, other writings or actions will modify the terms of this Agreement unless they are in writing and are signed by authorized representatives of both parties. 
 28. Buyer’s Quality Initiative: Seller shall use commercially reasonable efforts to ensure that Seller’s employees, contractors, carriers, and agents reasonably cooperate with
Buyer’s reasonable product quality initiatives, including completion of Buyer’s survey questionnaires and granting Buyer permission to conduct reasonable periodic on-site auditing upon reasonable prior notice of the manufacturing, storage,
sampling, testing, inspection, loading, and transportation processes; provided that prior to the event of such on-site auditing Buyer agrees to be bound by such confidentiality provisions as are requested by Seller. 

29. ***: Effective as of the date of this Agreement, and through the end of its Term, in the event that *** to an
*** in a *** at a *** to *** than the *** to the *** as provided herein, then *** shall *** the ***to the *** to *** any ***. The *** of the ***shall
be *** as of the date that the ***was effective for the ***, and shall be effective for the ***to be *** within the ***for which the *** is *** for the ***. 

An ***as that term is used here, is defined as a ***in the *** within the states of ***. 

A *** as that term is used here, is defined as a *** within the *** of a ***between the *** and a
single ***taken as a whole; involving not less than ***for *** within a ***; for the same ***as those specified ***, or portions thereof; for delivery within the states of v; and with *** and
***to those ***. 
 The *** shall be *** on the basis of *** by *** to an ***in
a ***, on the ***at which the ***was ***. 
 Should Buyer desire an inspection or audit to determine
compliance with provisions of 

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

 
 
this Section 29, Buyer shall nonetheless not be entitled to review any information which relates to the confidential information of a third party. With respect to such information the Buyer
shall have the right, subject to the terms of this Section 29, to engage an independent auditor to perform such inspection that is otherwise permitted hereunder (such independent auditor agreeing to sign an appropriate agreement to hold such
information confidential). Alternatively, at Buyer’s option, the Buyer may seek the verification and certification of compliance contemplated above from Seller’s independent auditors. 

The expense of any such inspection or audit shall be borne by the Buyer, unless the need for a material correction in the premium to be
charged to the Buyer results, in which case the reasonable expense of such inspection or audit shall be borne by the Seller whose books and records are being audited. 
 30. Miscellaneous: If Buyer designates a third party location for delivery in accordance with the terms of this Agreement, Seller shall use reasonable commercial efforts to ensure that its
transport carriers, contractors, and agents execute and comply with third party’s access, loading/unloading, receipt and/or delivery procedures. Seller shall use reasonable commercial efforts to ensure that all Seller’s employees,
contractors, and agents comply with all reasonable rules and guidelines established by Buyer from time to time, including applicable safety rules and its Drug, Alcohol, And Firearm Policy which prohibits possession, use, consumption, distribution or
sale of drugs, drug paraphernalia, alcohol, firearms, ammunition or other weapons upon Buyer’s premises. 
 31. ***:
*** shall retain title to any and all ***associated with the *** sold pursuant to this Agreement. 
 END OF DOCUMENT-NO
SIGNATURE REQUIRED.EX-10.31

 Exhibit 10.31 
 Execution 
 FIRST ALLONGE 

(to the Term Note Dated March 8, 2010) 

THIS FIRST ALLONGE (the “Allonge”) is made effective as of the 14th day of December, 2012, by and between REG NEWTON, LLC, an Iowa
limited liability company (the “Borrower”) and AGSTAR FINANCIAL SERVICES, PCA, a United States instrumentality, its successors and assigns (the “Lender”). 
 RECITALS 
 A. The Borrower previously executed and delivered to the Lender
a Term Note in the original principal amount of $23,610,731.50, dated March 8, 2010 (the “Note”). This Allonge is permanently attached to said Note. 
 B. The Borrower has requested that the Lender make certain modifications to the Note and the Lender has agreed to make certain modifications to the Note, all in accordance with the terms and conditions of
this Allonge. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants contained in this Allonge and for other good and valuable consideration, the receipt and sufficiently of which are
hereby acknowledged by the Borrower and the Lender, the parties agree as follows: 
 1. Modification of Note.
Notwithstanding any of the provisions of that certain Master Loan Agreement dated March 8, 2010 and that certain First Supplement to the Master Loan Agreement and the Note to the contrary, paragraph #5 of the Note is hereby amended and
restated to read as follows: 
 5. The outstanding principal balance hereof, together with all accrued interest, if not paid
sooner, shall be due and payable in full on March 8, 2014 (the “Term Loan Maturity Date”). 
 2. Remaining
Terms. It is further understood and agreed by and between the Borrower and the Lender that all other terms and provisions of the Note shall remain in full force and effect, enforceable by the Lender against the Borrower as fully as though no
amendments had been made hereby, and this Allonge shall not be deemed to hinder, compromise or lessen the enforceability of the Note, or any security interest or guaranty securing repayment of the Note, in any way. 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK. 
 THE SIGNATURE PAGE IMMEDIATELY FOLLOWS] 

 Execution 

 
 SIGNATURE PAGE TO THAT CERTAIN 

FIRST ALLONGE (TO THE TERM NOTE DATED MARCH 8, 2010) 
 BY AND BETWEEN 
 REG NEWTON, LLC AND AGSTAR FINANCIAL SERVICES, PCA 

DATED DECEMBER 14, 2012 
 IN WITNESS WHEREOF, the parties hereto have caused this Allonge to be duly executed and delivered as of the date and year first above written. 

 

									
	BORROWER:	 		 	LENDER:
			
	REG NEWTON, LLC, an Iowa limited liability company	 		 	AGSTAR FINANCIAL SERVICES, PCA, a United States instrumentality
			
	 /s/ Daniel J. Oh
	 		 	 /s/ Mark Schmidt

	By:	 	Daniel J. Oh	 		 	By:	 	Mark Schmidt
	Its:	 	President	 		 	Its:	 	Vice President

 Execution 

 
 FIRST AMENDMENT 

TO THE FIRST SUPPLEMENT TO THE MASTER LOAN AGREEMENT 
 (TERM LOAN) 
 This FIRST AMENDMENT TO THE FIRST SUPPLEMENT TO THE
MASTER LOAN AGREEMENT (TERM LOAN) (this “Amendment”) is made to be effective as of December 14, 2012, by and between REG NEWTON, LLC, an Iowa limited liability company (the “Borrower”) and AGSTAR FINANCIAL SERVICES, PCA, a
United States instrumentality (the “Lender”). 
 RECITALS 

A. The Borrower and the Lender previously entered into that certain First Supplement to the Master Loan Agreement (Term Loan), dated
March 8, 2010 (the “First Supplement”) and that certain Master Loan Agreement dated March 8, 2010, and related supplements as amended, modified or restated from time to time (together with the First Supplement, the “Loan
Agreement”) under which the Lender agreed to extend certain financial accommodations to the Borrower. 
 B. The Borrower
has requested that the Lender extend the maturity date of the Term Note to March 8, 2014. The Lender is willing to so amend the loan, in accordance with the terms and conditions of this Amendment and that certain First Allonge to Term Note and
Second Amendment to Master Loan Agreement of even date herewith. 
 C. All terms used and not otherwise defined herein shall
have the meanings assigned to them in the Loan Agreement. 
 AGREEMENT 

NOW THEREFORE, in consideration of the facts set forth in the foregoing Recitals which the parties agree are true and correct, and in
consideration for entering into this Amendment and the related documents to be executed concurrently with or pursuant hereto, the parties agree as follows: 
 1. Amendment to Defined Term. Except as amended by this Amendment, all terms used and not otherwise defined herein shall have the meanings assigned to them in the Loan Agreement. The
following defined term in the First Supplement is hereby amended and restated to read as follows: 
 “Term Loan Maturity
Date” shall mean March 8, 2014. 
 2. Effect on Loan Agreement. Except as expressly amended by this
Amendment, all of the terms of the Loan Agreement shall be unaffected by this Amendment and shall remain in full force and effect. Nothing contained in this Amendment shall be deemed to constitute a waiver of any default, Event of Default, right

 Execution 

 
 
or remedy of the Lender, or to affect, modify, or otherwise impair any of the rights of Lender as provided in the Loan Agreement. 

3. Representations and Warranties of Borrower. Borrower hereby agrees with, reaffirms, and acknowledges: 

a. the representations and warranties in the Loan Agreement, the Loan Documents and the Related Documents. Furthermore, Borrower
represents that the representations and warranties contained in the Loan Agreement, the Loan Documents and the Related Documents continue to be true and correct and in full force and effect. 

b. that Borrower has the power and authority to execute, deliver, and perform this Amendment and each other document required under this
Amendment and that all documents contemplated herein when executed and delivered to Lender will constitute the valid, binding and legally enforceable obligations of Borrower in accordance with their respective terms and conditions, except as
enforceability may be limited by any applicable bankruptcy or insolvency laws. 
 4. Conditions Precedent to Effectiveness
and Continuing Effectiveness of this Amendment. The obligations of the Lender hereunder are subject to the conditions precedent that Lender shall have received the following, in form and substance satisfactory to the Lender: 

a. this Amendment duly executed by Borrower and the Lender; 
 b. on or before December 14, 2012, an Allonge to the Term Note in form and substance acceptable to the Lender duly executed by the Borrower and the Lender; 

c. written consents to this Amendment from Jasper County, Iowa, REG Marketing & Logistics Group, LLC, and REG Services Group,
LLC, in form and substance substantially similar to Exhibits A and B to this Amendment; 
 d. all other documents, instruments,
or agreements required to be delivered to Lender under the Loan Agreement and not previously delivered to Lender; and 
 e.
payment for all cost and expenses (including attorney’s fees) of Lender associated with the documentation, execution and delivery of this Amendment. 
 5. Counterparts. It is understood and agreed that this Amendment may be executed in several counterparts, each of which shall, for all purposes, be deemed an original, and all of such
counterparts, taken together, shall constitute one and the same agreement, even though all of the parties hereto may not have executed the same counterpart of this Amendment. 
 [SIGNATURE PAGE IMMEDIATELY FOLLOWS] 

 Execution 

 
 SIGNATURE PAGE TO 

FIRST AMENDMENT 
 TO THE FIRST SUPPLEMENT 
 TO THE MASTER LOAN AGREEMENT 

(REVOLVING LINE OF CREDIT LOAN) 
 BY AND BETWEEN 
 REG NEWTON, LLC 

AND 

AGSTAR FINANCIAL SERVICES, PCA 
 DATED: DECEMBER 14, 2012 
 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be executed by their respective officers and duly authorized, as of the date first above written. 
  

			
	BORROWER:
	
	REG NEWTON, LLC, an Iowa limited liability company
	
	 /s/ Daniel J. Oh

	By:	 	Daniel J. Oh
	Its:	 	President
	
	LENDER:
	
	AGSTAR FINANCIAL SERVICES, PCA, a United States corporation
	
	 /s/ Mark Schmidt

	By:	 	Mark Schmidt
	Its:	 	Vice President

 Execution 

 
 EXHIBIT A 

FORM OF CONSENT FOR JASPER COUNTY 
 CONSENT AND REAFFIRMATION OF JASPER COUNTY 
 The undersigned hereby:

 (a) consents to the modifications set forth in that certain (i) Second Amendment to Master Loan Agreement dated
December 14, 2012, (ii) First Amendment to the First Supplement to the Master Loan Agreement (Term Loan) dated December 14, 2012, by and between REG Newton, LLC and AgStar Financial Services, PCA (the “Lender”), and
(iii) First Allonge (to the Term Note dated March 8, 2010) dated December 14, 2012; and 
 (b) reaffirms that the
subordination agreement of the undersigned as set forth in that certain Subordination Agreement dated March 8, 2010, by and between Jasper County, Iowa and the Lender, as amended, restated, supplemented or modified from time to time, is and
shall remain in full force and effect. 
 Dated to be effective as of December 14, 2012. 

 

			
	JASPER COUNTY, IOWA, a political subdivision created and existing under the laws of the State of Iowa
	
	  

	By:	 	
	Its:	 	

 Execution 

 
 EXHIBIT B 

FORM OF CONSENT FOR SUBORDINATED LENDERS 
 CONSENT AND REAFFIRMATION 
 The undersigned hereby: 

(a) consent to the modifications set forth in that certain (i) Second Amendment to Master Loan Agreement dated December 14,
2012, (ii) First Amendment to the First Supplement to the Master Loan Agreement (Term Loan) dated December 14, 2012, by and between REG Newton, LLC and AgStar Financial Services, PCA (the “Lender”), and (iii) First Allonge
(to the Term Note dated March 8, 2010) dated December 14, 2012; and 
 (b) reaffirm that the subordination and waiver
agreement of the undersigned as set forth in that certain Subordination and Waiver Agreement dated March 8, 2010, by and between REG Newton, LLC, REG Marketing & Logistics Group, LLC, REG Services Group, LLC and the Lender, as amended,
restated, supplemented or modified from time to time, is and shall remain in full force and effect. 
 Dated to be effective as
of December 14, 2012. 
  

			
	REG MARKETING & LOGISTICS GROUP, LLC, an Iowa limited liability company
	
	  

	By:	 	
	Its:	 	
	
	REG SERVICES GROUP, LLC, an Iowa limited liability company
	
	  

	By:	 	
	Its:	 	

 Execution 

 
 SECOND AMENDMENT TO MASTER LOAN AGREEMENT

 THIS SECOND AMENDMENT TO MASTER LOAN AGREEMENT (the “Second Amendment”), is entered into as of
December 14, 2012, by and between REG NEWTON, LLC, an Iowa limited liability company (the “Borrower”), and AGSTAR FINANCIAL SERVICES, PCA, a United States instrumentality (the “Lender”). In
consideration of the premises herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, hereby agree as follows: 

RECITALS 

A. On or about March 8, 2010, Borrower and Lender entered into that certain Master Loan Agreement (the “MLA”) that
provided for various credit facilities for the purposes of owning and operating a biodiesel production facility located near the city of Newton, Jasper County, Iowa. 
 B. The Borrower has requested and Lender has agreed to make certain amendments to the Loan Agreement pursuant to the provisions of this Second Amendment. 

C. The parties desire to set forth their agreement with respect to such amendments to the Loan Agreement in accordance with the terms and
conditions of this Second Amendment and the Loan Agreement. 
 NOW THEREFORE, in consideration of the facts set forth in these
Recitals which the parties agree are true and correct, and in consideration for entering into this Second Amendment and the related documents to be executed concurrently with or pursuant hereto, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 AMENDMENT 

1. Defined Terms. Except as specifically amended by this Second Amendment, all terms used and not otherwise defined herein
shall have the meanings assigned to them in the Loan Agreement. 
 2. Amendments to the Loan Agreement. The
definition of the term “Maturity Date” contained in Section 1.01 of the MLA is hereby amended to read as follows: 
 “Maturity Date” means March 8, 2014. 
 3. Conditions to
Effectiveness of this Amendment. Except as otherwise expressly stated in this Amendment, this Amendment shall become effective as of the date hereof upon the satisfaction of the conditions precedent that Lender shall have received, on or
before the date hereof, the following documents, reports and related matters, duly executed (as applicable) by the Borrower and in a form acceptable to the Lender: 
  

	 	a.	The Second Amendment. 

  

	 	b.	The Plant shall be open and continuously operational to the satisfaction of Lender. 

 Execution 

 
  

	 	c.	As of the effective date hereof, the Borrower shall have made all required payments on the Loans. 

 

	 	d.	The Borrower shall have executed an extension of that certain Contract Manufacturing Agreement by and between the Borrower and REG Marketing & Logistics Group,
LLC, dated March 8, 2010, in form and substance acceptable to the Lender. 

  

	 	e.	The Borrower shall have executed an extension of that certain Service Agreement by and between the Borrower and Renewable Energy Group, Inc., dated March 8, 2010,
in form and substance acceptable to the Lender. 

  

	 	f.	The Lender shall have received duly executed written consents to this Second Amendment and the First Amendment to First Supplement to Master Loan Agreement of even date
herewith and that certain First Allonge to Term Note of even date herewith from Jasper County, Iowa, REG Marketing & Logistics Group, LLC, and REG Services Group, LLC, in form and substance acceptable to the Lender.

 4. Warranties of Borrower. Borrower hereby represents and warrants as follows: 

 

	 	a.	Borrower hereby affirms as of the date hereof each and every representation and warranty contained in the Loan Agreement, the promissory notes, the mortgage and all
other documents delivered by Borrower to Lender in connection therewith are true in all material respects. 

  

	 	b.	The execution, delivery and performance by Borrower of this Second Amendment have been duly authorized by the Borrower. 

 

	 	c.	After giving effect to this Second Amendment, Borrower is not in default under the Loan Agreement, and no condition exists which, with the giving of notice or lapse of
time, or both, would constitute a default by the Borrower thereunder, except as disclosed on Exhibit A hereto. 

5. Amendment to Control. In the event of any conflict between this Second Amendment and the Loan Agreement, the provisions
of this Amendment shall control. 
 6. Ratification of Loan Agreement. As amended hereby, the Loan Agreement
remains in full force and effect and is hereby ratified and affirmed. 
 7. Severability. Any provision contained
in this Second Amendment which is held to be inoperative, unenforceable or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable or invalid without affecting the remaining provisions of this Second Amendment in
that jurisdiction or the operation, enforceability or validity of such provision in any other jurisdiction. 

 Execution 

 
 8. GOVERNING LAW. THIS SECOND AMENDMENT SHALL
BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF MINNESOTA. 
 9. Counterparts. This Second
Amendment may be executed in any number of counterparts, each of which, when so executed and delivered, shall be considered an original and all of which counterparts, taken together, shall constitute but one and the same instrument, even though all
of the parties hereto may not have executed the same counterpart of this Second Amendment. 
 [THE REMAINDER OF THIS PAGE IS
INTENTIONALLY BLANK. 
 THE SIGNATURE PAGE IMMEDIATELY FOLLOWS.] 

 Execution 

 
 SIGNATURE PAGE TO 

SECOND AMENDMENT TO MASTER LOAN AGREEMENT 
 BY AND BETWEEN 
 REG NEWTON, LLC 

AND 
 AGSTAR
FINANCIAL SERVICES, PCA 
 DATED: December 14, 2012 
 IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be executed by their respective officers and duly authorized, as of the date first above written. 

 

			
	BORROWER:
	
	REG NEWTON, LLC, an Iowa limited liability company
	
	 /s/ Daniel J. Oh

	By:	 	 Daniel J. Oh

	Its:	 	 President

	
	LENDER:
	
	AGSTAR FINANCIAL SERVICES, PCA, a United States instrumentality
	
	 /s/ Mark Schmidt

	By:	 	Mark Schmidt
	Its:	 	Vice President

 Execution 

 
 EXHIBIT A 

None

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}]]