Document:

Omnibus Agreement (Consent, Fourth Amendment and Second Waiver)

 Exhibit 10.5 
 EXECUTION VERSION 
 OMNIBUS AGREEMENT 
 (CONSENT, FOURTH AMENDMENT AND SECOND WAIVER) 
 This OMNIBUS AGREEMENT (CONSENT, FOURTH AMENDMENT AND SECOND WAIVER AGREEMENT), dated as of                     , 2006 (this
“Omnibus Agreement”), is by and among ASA OPCO HOLDINGS, LLC, a Delaware limited liability company (“ASA Holdings”), ASA ALBION, LLC, a Delaware limited liability company (“Albion”), ASA
BLOOMINGBURG, LLC, a Delaware limited liability company (“Bloomingburg”), and ASA LINDEN, LLC, a Delaware limited liability company (“Linden” and, together with ASA Holdings, Albion and Bloomingburg, the
“Borrowers”), ASA Holdings, as Borrowers’ Agent, each of the Lenders party hereto, and WESTLB AG, New York Branch, as Administrative Agent for the Lenders (the “Administrative Agent”). 
 WHEREAS, pursuant to the Credit Agreement, dated as of February 6, 2006 (as amended by the First Amendment to Credit Agreement, dated as of
May 23, 2006, the Second Amendment to Credit Agreement, dated as of August 15, 2006, and the Third Amendment to Credit Agreement, dated as of August 30, 2006, and as further amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among the Borrowers, the Borrowers’ Agent, each of the Lenders from time to time party thereto, the Administrative Agent, First National Bank of Omaha, as Collateral Agent for the Senior
Secured Parties, First National Bank of Omaha, as Accounts Bank, WestLB AG, New York Branch, as Co-Syndication Agent, Lead Arranger, and Sole Lead Bookrunner, First National Bank of Omaha and Standard Chartered Bank, as Co-Syndication Agents and
Lead Arrangers and CIT Capital USA INC. and ING Capital LLC, as Co-Documentation Agents and Lead Arrangers, the Lenders agreed to make a credit facility available to the Borrowers, subject to the terms and conditions set forth therein; 

WHEREAS, pursuant to a waiver agreement dated as of July 31, 2006 among the Borrowers, the Borrowers’ Agent, the Administrative Agent and
the Lenders (the “First Waiver Agreement”), the Lenders granted the Borrowers’ request for certain waivers under the Credit Agreement; 
 WHEREAS, pursuant to a letter dated November 21, 2006 delivered by the Borrowers’ Agent to the Administrative Agent (the “Second Request Letter”), the Borrowers have requested, among other
things, that the Lenders (i) extend the time period for certain temporary waivers and consents that the Lenders granted pursuant to the First Waiver Agreement, (ii) grant certain additional waivers under the Credit Agreement,
(iii) grant a consent requested by the Borrowers pursuant to the Credit Agreement and (iv) agree to amend certain provisions of the Credit Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants contained in the Credit Agreement and herein, and other good and valuable consideration the receipt and adequacy of which are hereby
acknowledged, the parties hereto agree as follows: 
 Section 1. Definitions. Unless the context shall otherwise require, or
unless otherwise defined herein, capitalized terms used herein shall have the respective meanings specified in the Credit Agreement. 
  
 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 

 Section 1. Definitions. Unless the context shall otherwise require, or unless otherwise
defined herein, capitalized terms used herein shall have the respective meanings specified in the Credit Agreement. 
 Section 2.
Extension of Existing Waivers. Pursuant to Section 11.01 (Miscellaneous Provisions – Amendments, Etc.) of the Credit Agreement and Section 7 of the First Waiver Agreement, the Lenders hereby grant to the Borrowers an
extension (the “Extension”) of certain temporary waivers and consents that the Lenders granted to the Borrowers pursuant to the First Waiver Agreement in respect of the Borrowers’ non-compliance with certain provisions of the
Credit Agreement as specified, and subject to the terms and conditions set forth, in Annex A hereto (the “Extended Waivers”). 
 Section 3. Additional Waivers. Pursuant to Section 11.01 (Miscellaneous Provisions – Amendments, Etc.) of the Credit Agreement, the Lenders hereby grant to the Borrowers a waiver and consent (the
“Waiver”) of the non-compliance of the Borrowers with those provisions of the Credit Agreement for which the Borrowers have sought a waiver or a consent, as specified, and subject to the terms and conditions set forth, in Annex B
hereto (the “Waived Provisions”). 
 Section 4. Consent. Pursuant to Section 11.01 (Miscellaneous
Provisions – Amendments, Etc.) of the Credit Agreement, the Lenders hereby grant to the Borrowers a consent (the “Consent”) with respect to those provisions in the Credit Agreement for which the Borrowers have sought a
consent, as specified, and subject to the terms and conditions set forth, in Annex C hereto (the “Consented Provisions”). 
 Section 5. Amendments to the Credit Agreement. The parties hereto hereby agree to amend (the “Amendment”) the following provisions of the Credit Agreement in the manner set forth as follows: 
 (a) Section 1.01(Defined Terms) of the Credit Agreement is hereby amended by inserting the following new definition in
alphabetical order: 
 “ “ASA Biofuels’ IPO” means an initial public offering of shares of ASA Biofuels
consummated for an amount equal to or exceeding one hundred million Dollars ($100,000,000).” 
 (b) Clauses
(iii) and (iv) of the definition of “Change of Control” in Section 1.01 (Defined Terms) of the Credit Agreement are hereby deleted in their entirety and replaced with the following: 
 “(iii) Cargill fails to own at least 4.9237% of all Equity Interests (including all classes) in ASA Biofuels (provided that upon consummation
of the 

  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
 2 

 
ASA Biofuels’ IPO, it will not constitute a “Change of Control” if, due solely to a dilution occurring as a result of such IPO, Cargill fails
to own at least 4.9237% of all Equity Interests (including all classes) in ASA Biofuels, and no other dilution or transfer will be permitted); or (iv) prior to the Conversion Date, Fagen fails to own at least 2.6377% of all Equity Interests
(including all classes) in ASA Biofuels (provided that upon consummation of the ASA Biofuels’ IPO, it will not constitute a “Change of Control” if, due solely to a dilution occurring as a result of such IPO, Fagen fails to own
at least 2.6377% of all Equity Interests (including all classes) in ASA Biofuels, and no other dilution or transfer will be permitted); provided that notwithstanding the foregoing clauses (iii) and (iv), it will not constitute a
“Change of Control” if, subsequent to the consummation of the ASA Biofuels’ IPO, Cargill’s and Fagen’s respective percentage ownership of all Equity Interests (including all classes) in ASA Biofuels is diluted solely through
a pro rata secondary offering by all then-existing shareholders of ASA Biofuels, and no other dilution or transfer will be permitted.” 
 (c) Section 6.03(a)(vii) (Conditions to All Construction Loan Borrowings – Borrowing Notice) of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 
 “(vii) a certification of a Financial Officer of the Borrowers’ Agent confirming that the cumulative amount of all Borrowings for such Plant,
including the amount of the requested Borrowing, is in compliance with the Drawdown Schedule for such Plant, it being understood that such cumulative amount shall be in compliance if it does not exceed the corresponding amount set forth in the
“Cumulative” column of the Drawdown Schedule for such Plant (or, if such cumulative amount would be in excess of the Drawdown Schedule, such deviation from the Drawdown Schedule has been approved by the Independent Engineer and the
Required Lenders).” 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
 3 

 (d) Exhibit D (Drawdown Schedule) to the Credit Agreement is hereby amended to
delete the column entitled “Amount” in its entirety as it appears in all three tables: I. Albion Plant, II. Bloomingburg Plant and III. Linden Plant. 
 Section 6. Representations and Acknowledgements. Each of the Extensions, Waivers and Consents by the Lenders is made in reliance on each of the Borrowers’ representations and acknowledgements set
forth in the Annexes hereto. In the event that any of the Borrowers’ representations and/or acknowledgements set forth in the Annexes hereto is false or inaccurate in any material respect as of the date hereof, the Extension with respect to the
Extended Waiver(s), the Waiver with respect to the Waived Provision(s) or the Consent with respect to the Consented Provision(s), as applicable, in connection with which such representation and/or acknowledgement was made shall be deemed void ab
initio; provided, that no such falsity or inaccuracy shall have any effect on the Extension with respect to any other Extended Waiver, the Waiver with respect to any other Waived Provision or the Consent with respect to any other
Consented Provision, as applicable. 
 Section 7. Certification by the Borrowers. Each of the Extensions, Waivers and Consents by
the Lenders is further made in reliance on the Borrowers’ certifications that (i) as of the date hereof and other than in connection with the Waived Provisions, the Extended Waivers and the Consented Provisions, no Default or Event of
Default has occurred and is continuing under the Credit Agreement, and (ii) all of the information provided in the Second Request Letter is true, complete and correct in all material respects. 
 Section 8. Limited Purpose; Effect on Credit Agreement. Notwithstanding anything contained herein, the Extensions, Waivers and Consents
contained in this Omnibus Agreement (i) are limited extensions, waivers and consents, (ii) are effective only with respect to the transactions described in this Omnibus Agreement for the specific instance and the specific purpose for which
they are given, (iii) shall not be effective for any other purpose or transaction, and (iv) do not constitute an amendment or basis for a subsequent extension, waiver or consent of any of the provisions of the Credit Agreement. Except as
expressly amended hereby or otherwise provided herein, (a) all of the terms and conditions of the Credit Agreement and all other Financing Documents remain in full force and effect, and none of such terms and conditions are, or shall be
construed as, otherwise amended or modified, and (b) nothing in this Omnibus Agreement shall constitute a waiver by the Lenders, other than as expressly provided herein, of any Default or Event of Default, or shall constitute a waiver by the
Lenders of any right, power or remedy available to the Lenders or the other Senior Secured Parties under the Credit Agreement, whether any such defaults, rights, powers or remedies presently exist or arise in the future. The Credit Agreement shall,
together with the amendments set forth in this Omnibus Agreement, be read and construed as a single agreement. All references in the Credit Agreement and any related documents, instruments and agreements shall hereafter refer to the Credit
Agreement, as amended hereby. 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
 4 

 Section 9. Effective Date. Upon execution of this Omnibus Agreement by Lenders (excluding all
Non-Voting Lenders) holding in excess of two-thirds (2/3) of the Construction Loan Commitments (excluding the Construction Loan Commitments of all Non-Voting Lenders), the Administrative Agent, each of the Borrowers and the Borrowers’
Agent, the Extension, the Waiver, the Consent and the Amendment shall become effective as of November 30, 2006; provided, that with respect to Sections 1(A), 2(A), 3(A), 4(A), 5(A)(i), (ii), (v) and (vi) and 6(A) of Annex A
hereto, the effectiveness of the Extension with respect to the Extended Waiver specified therein shall terminate on the specific dates and/or upon the occurrence of the specific events set forth in clause (B) of each such Section (unless
extended or further extended, as the case may be, in accordance with Section 10 (Extension of Waived Provisions)). 
 Section 10. Extension of Waived Provisions. To the extent that the Borrowers may request an extension of the Extension of any Extended Waiver beyond the time provided in Annex A, each of the Lenders hereby consents and agrees
that, notwithstanding anything to the contrary in Section 11.01 (Amendments, Etc.) of the Credit Agreement, any such extension of any such Extension that would otherwise require the approval of all of the Lenders may be granted with the
written consent of the Administrative Agent and of Lenders (excluding all Non-Voting Lenders) holding in excess of two-thirds (2/3) of the Construction Loan Commitments (excluding the Construction Loan Commitments of all Non-Voting Lenders).

 Section 11. Financing Document. The parties hereto agree that this Omnibus Agreement is a Financing Document. 
 Section 12. Authority; Etc. The execution and delivery by each of the Borrowers and the Borrowers’ Agent of this Omnibus Agreement are
within the organizational authority of each of them and have been duly authorized by all necessary organizational action on the part of, and have been duly and validly executed by, each Borrower and the Borrowers’ Agent. 
 Section 13. Miscellaneous. 
 (a)
THIS OMNIBUS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, UNITED STATES OF AMERICA. 
 (b) Section headings in this Omnibus Agreement are included herein for convenience of reference only and shall not constitute a part of this Omnibus Agreement for any other purpose or be given any substantive effect. 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
 5 

 (c) This Omnibus Agreement may be executed in any number of counterparts and by different parties hereto
in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all of which counterparts together shall constitute but one and the same instrument. 
 (d) Delivery of an executed counterpart of a signature page of this Omnibus Agreement by telecopy or portable document format (“pdf”) shall be
effective as delivery of a manually executed counterpart of this Omnibus Agreement. 
 [The remainder of this page was left blank
intentionally.] 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Omnibus Agreement (Consent, Fourth Amendment and
Second Waiver) to be executed by their respective officers as of the day and year first above written. 
  

			
	 ASA OPCO HOLDINGS, LLC,
 as Borrower

		
	 By:
	 	 /s/ George Schaefer

	 Name:
	 	George Schaefer
	 Title:
	 	CFO
	
	 ASA ALBION, LLC,
 as
Borrower

		
	 By:
	 	 /s/ George Schaefer

	 Name:
	 	George Schaefer
	 Title:
	 	CFO
	
	 ASA BLOOMINGBURG, LLC,
 as Borrower

		
	 By:
	 	 /s/ George Schaefer

	 Name:
	 	George Schaefer
	 Title:
	 	CFO
	
	ASA LINDEN, LLC,
	as Borrower
		
	 By:
	 	 /s/ George Schaefer

	 Name:
	 	George Schaefer
	 Title:
	 	CFO

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	ASA OPCO HOLDINGS, LLC,
	as Borrowers’ Agent
		
	 By:
	 	 /s/ George Schaefer

	 Name:
	 	George Schaefer
	 Title:
	 	CFO

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 WESTLB AG, NEW YORK BRANCH,
 as
Lender

		
	 By:
	 	 /s/ PAUL VASTOLA

	 Name:
	 	PAUL VASTOLA
	 Title:
	 	DIRECTOR
		
	 By:
	 	 /s/ THOMAS D. MURRAY

	 Name:
	 	THOMAS D. MURRAY
	 Title:
	 	MANAGING DIRECTOR
	
	 WESTLB AG, NEW YORK BRANCH,
 as
Administrative Agent

		
	 By:
	 	 /s/ PAUL VASTOLA

	 Name:
	 	PAUL VASTOLA
	 Title:
	 	DIRECTOR
		
	 By:
	 	 /s/ THOMAS D. MURRAY

	 Name:
	 	THOMAS D. MURRAY
	 Title:
	 	MANAGING DIRECTOR

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 FIRST NATIONAL BANK OF OMAHA,
 As
Lender

		
	 By:
	 	 /s/ FALLON SAVAGE

	 Name:
	 	FALLON SAVAGE
	 Title:
	 	COMMERCIAL LOAN OFFICER

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 STANDARD CHARTERED BANK,
 as Lender

		
	 By:
	 	 /s/ PAUL CLIFFORD

	 Name:
	 	PAUL CLIFFORD
	 Title:
	 	 SENIOR VICE PRESIDENT
 HEAD OF PROJECT FINANCE AMERICAS

		
	 By:
	 	 /s/ ANDREW Y. NG

	 Name:
	 	ANDREW Y. NG
	 Title:
	 	 DIRECTOR
 STANDARD CHARTERED BANK NY

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	CIT CAPITAL USA INC.,
	as Lender
		
	 By:
	 	 /s/ Robert W. Sexten

	 Name:
	 	Robert W. Sexten
	 Title:
	 	Managing Director

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 ING CAPITAL LLC,
 as
Lender

		
	 By:
	 	 /s/ Daniel W. Lamprecht

	 Name:
	 	Daniel W. Lamprecht
	 Title:
	 	Managing Director
		
	 By:
	 	 /s/ Richard Ennis

	 Name:
	 	Richard Ennis
	 Title:
	 	Managing Director

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 FARM CREDIT SERVICES OF AMERICA, FLCA,
 as Lender

		
	 By:
	 	 /s/ Gary Mazour

	 Name:
	 	Gary Mazour
	 Title:
	 	V.P.

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 SCOTIABANC INC.,
 as
Lender

		
	 By:
	 	 /s/ William E. Zarrett

	 Name:
	 	William E. Zarrett
	 Title:
	 	Managing Director

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 AGFIRST FARM CREDIT BANK,
 as
Lender

		
	 By:
	 	 /s/ Bruce B. Fortner

	 Name:
	 	Bruce B. Fortner
	 Title:
	 	Vice President

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 BANCO SANTANDER CENTRAL HISPANO,
S.A., NEW YORK BRANCH,
 as Lender

		
	 By:
	 	 [Illegible]

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	 /s/ Ignacio Campillo

	 Name:
	 	Ignacio Campillo
	 Title:
	 	 Executive Director
 Grupo Santander

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 GREENSTONE FARM CREDIT SERVICES,
ACA/FLCA,
 As Lender

		
	 By:
	 	 /s/ Alfred S. Compton, Jr.

	 Name:
	 	Alfred S. Compton, Jr.
	 Title:
	 	VP/Sr. Lending Officer

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 METROPOLITAN LIFE INSURANCE
COMPANY,
 as Lender

		
	 By:
	 	 /s/ ERIK V. SAVI

	 Name:
	 	ERIK V. SAVI
	 Title:
	 	DIRECTOR

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 BANK MIDWEST, N.A.,
 as
Lender

		
	 By:
	 	 /s/ DAVID L. RAMBO

	 Name:
	 	DAVID L. RAMBO
	 Title:
	 	SENIOR VICE PRESIDENT COMMERCIAL LENDING

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 BANCO BILBAO VIZCAYA ARGENTARIA
S.A.,
 as Lender

		
	 By:
	 	 /s/ MARIA T. VIZAN

	 Name:
	 	MARIA T. VIZAN
	 Title:
	 	Vice President Global Corporate Banking
		
	 By:
	 	 /s/ HECTOR D. VILLEGAS

	 Name:
	 	HECTOR D. VILLEGAS
	 Title:
	 	Vice President Global Corporate Banking

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 1st FARM CREDIT SERVICES,
FLCA,
 as Lender

		
	 By:
	 	 /s/ Dale A. Richardson

	 Name:
	 	Dale A. Richardson
	 Title:
	 	VP, Illinois Capital Market Group

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	NATIXIS, NEW YORK BRANCH
	as Lender
		
	 By:
	 	 /s/ Pierre Audrain

	 Name:
	 	Pierre Audrain
	 Title:
	 	Director
		
	 By:
	 	 /s/ Robert Park

	 Name:
	 	Robert Park
	 Title:
	 	Associate

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 INVESTEC BANK (UK) LIMITED,
 as
Lender

		
	 By:
	 	 /s/ Grahame McGirr

	 Name:
	 	Grahame McGirr
	 Title:
	 	Credit
		
	 By:
	 	 /s/ Ian Wohlman

	 Name:
	 	Ian Wohlman
	 Title:
	 	Head of Credit

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	 AMARILLO NATIONAL BANK,
 as Lender

		
	 By:
	 	 /s/ Craig L. Sanders

	 Name:
	 	Craig L. Sanders
	 Title:
	 	Executive Vice President
		
	 By:
	 	 /s/ Mark Fields

	 Name:
	 	Mark Fields
	 Title:
	 	Vice President

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

			
	GMAC COMMERCIAL FINANCE LLC
		
	 By:
	 	 /s/ PATRICK N. RILEY

	 Name:
	 	PATRICK N. RILEY
	 Title:
	 	VICE PRESIDENT GROUP SENIOR RISK MANAGER

  
 Omnibus Agreement (Consent,
Fourth Amendment and Second Waiver) 

 ANNEX A 
 WAIVER EXTENSIONS REQUESTED 
  

	1.	Bloomingburg Permits 

 (A) Waiver
Extension Request. Pursuant to (i) Section 6.01(k)(iii) (Conditions to First Construction Loan Borrowing - Governmental Approvals) of the Credit Agreement, it is required that, as a condition to the initial Borrowing, all
Necessary Project Approvals (other than the Deferred Approvals) are in full force and effect, final and Non-Appealable; (ii) Section 6.05(b)(i) (Conditions to All Borrowings - Government Approvals) of the Credit Agreement, it is
required that, as a condition to each Borrowing, all Governmental Approvals required by the proposed Borrowing Date for development of the Project are in full force and effect, final and Non-Appealable; (iii) Section 6.05(b)(v)
(Conditions to All Borrowings - Government Approvals) of the Credit Agreement, it is required that, as a condition to each Borrowing, there is no proceeding pending or, to the Knowledge of any Borrower, threatened that seeks to rescind,
terminate, modify, condition, suspend or otherwise alter in any material respect any Governmental Approval; and (iv) Section 6.05(g)(i) (Conditions to All Borrowings – No Litigation) of the Credit Agreement, it is required
that, as a condition to each Borrowing, no action, suit, proceeding or investigation shall have been instituted or, to the Knowledge of any Borrower, threatened against any Borrower, ASA Biofuels, any Plant or the Project. 
 In the First Waiver Agreement the Borrowers acknowledged that such requirements would not be satisfied by the date of the initial Borrowing to the extent
that they related to the Bloomingburg Air Permit and the Section 404 Permit (as each such term is defined in the First Waiver Agreement). 
 In the First Waiver Agreement the Borrowers consequently requested, and the Lenders granted, subject to the terms and conditions set forth in the First Waiver Agreement, a temporary waiver of (I) the requirement that the conditions set
forth in clauses (i) and (ii) above (to the extent they relate to each of the Section 404 Permit and the Bloomingburg Air Permit) be satisfied on or before the date of the initial Borrowing and the date of any other Borrowing that
occurred prior to November 30, 2006, and (II) the requirement that the conditions set forth in clauses (iii) and (iv) above (to the extent they related to the threatened appeals concerning the Bloomingburg Air Permit referred to under
the heading “Temporary waiver re: “non-appealable” nature of the Issued Permit” in Section III of the Request Letter (as defined in the First Waiver Agreement) (which the Borrowers report in the Second Request Letter have been
filed since the First Waiver Agreement) be satisfied on or before the date of the initial Borrowing for the Bloomingburg Construction Loans and the date of any other Borrowing that occurred prior to November 30, 2006. 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex A	 	1	 	

 The Borrowers hereby request an extension of the temporary waivers of the requirements described above in
this clause 1(A) above until March 31, 2007 with respect to the Bloomingburg Appeals (as defined in the Second Request Letter). 
 (B)
Borrowers’ Covenants; Effectiveness. (i) Each of the Borrowers hereby covenants and agrees that the requirements set forth in clauses (i) through (iv) of clause 1(A) above (to the extent each of them relates to the
Bloomingburg Appeals and the permits that are the subject of such appeals) will be satisfied on or before March 31, 2007. If such requirements are not satisfied by March 31, 2007, no Borrowing may thereafter be requested with respect to
the Bloomingburg Plant. 
 (ii) The effectiveness of the waiver extension relating to the requirements described in clauses (i) through
(iv) of clause 1(A) above shall terminate upon the earlier to occur of (i) March 31, 2007 and (ii) the date, if any, on which the Bloomingburg Appeals are determined in a manner that (1) terminates or suspends the
effectiveness of any permit that is subject to the Bloomingburg Appeals, (2) has or would have an adverse impact on the financial condition or operations of Bloomingburg, or (3) could otherwise result in a Material Adverse Effect on
Bloomingburg or the Bloomingburg Plant. 
  

	2.	Albion Air Permit – Design-Build Emission Guarantees 

 (A) Waiver Extension Request. Pursuant to Section 6.02(i) (Conditions to First Borrowing for Each Plant – Air Permits) of the Credit Agreement, it is required that, prior to the initial
Borrowing for the Albion Plant, the guarantee of the Design Builder with respect to air emissions set forth in the Albion Design Build Contract meet the requirements of the final air quality construction permit of the Albion Plant. In the First
Waiver Agreement the Borrowers acknowledged that such requirement would not be satisfied by the date of the initial Borrowing for the Albion Plant. The Borrowers consequently requested, and the Lenders granted, subject to the terms and conditions
set forth in the First Waiver Agreement, a temporary waiver of the requirement that such condition be satisfied on or before the initial Borrowing Date, and the Borrowers covenanted and agreed that the requirement would be satisfied on or before
November 30, 2006. 
 The Borrowers hereby request an extension of the temporary waiver described in this clause 2(A) until
January 31, 2007. 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex A	 	2	 	

 (B) Borrowers’ Covenant; Effectiveness. (i) Each of the Borrowers hereby covenants and
agrees that the requirement that the guarantee of the Design Builder with respect to air emissions set forth in the Albion Design Build Contract meet the requirements for the final air quality construction permit for the Albion Plant will be
satisfied on or before January 31, 2007. If such requirement is not satisfied by such date, no Borrowing may thereafter be requested or made with respect to the Albion Plant. 
 (ii) The effectiveness of the waiver requested pursuant to clause 2(A) above shall terminate on January 31, 2007. 
  

	3.	Linden Air Permit – Design-Build Emission Guarantees 

 (A) Waiver Extension Request. Pursuant to Section 6.02(i) (Conditions to First Borrowing for Each Plant – Air Permits) of the Credit Agreement, it is required that, prior to the initial
Borrowing for the Linden Plant, the guarantee of the Design Builder with respect to air emissions set forth in the Linden Design Build Contract meet the requirements of the final air quality construction permit of the Linden Plant. In the First
Waiver Agreement the Borrowers acknowledged that such requirement would not be satisfied by the date of the initial Borrowing for the Linden Plant. The Borrowers consequently requested, and the Lenders granted, subject to the terms and conditions
set forth in the First Waiver Agreement, a temporary waiver of the requirement that such condition be satisfied on or before the initial Borrowing Date, and the Borrowers covenanted and agreed that the requirement would be satisfied on or before
November 30, 2006. 
 The Borrowers hereby request an extension of the temporary waiver described in this clause 3(A) until
January 31, 2007. 
 (B) Borrowers’ Covenant; Effectiveness. (i) Each of the Borrowers hereby covenants and agrees that
the requirement that the guarantee of the Design Builder with respect to air emissions set forth in the Linden Design Build Contract meet the requirements for the final air quality construction permit for the Linden Plant will be satisfied on or
before January 31, 2007. If such requirement is not satisfied by such date, no Borrowing may thereafter be requested or made with respect to the Linden Plant. 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex A	 	3	 	

 (ii) The effectiveness of the waiver requested pursuant to clause 3(A) above shall terminate on
January 31, 2007. 
  

	4.	Preliminary Construction Documents – Heat and Material Balance Documentation 

 (A) Waiver Extension Request. Pursuant to Section 6.01(s)(i)(A) (Conditions to First Construction Loan Borrowing – Schedules) of
the Credit Agreement, it is required that, as a condition to the initial Borrowing, the Administrative Agent shall have received a copy of each Preliminary Construction Document (as defined in each Design Build Contract), each in form and substance
reasonably satisfactory to each Lender and the Independent Engineer and certified by an Authorized Officer of the Borrowers’ Agent. In the First Waiver Agreement the Borrowers acknowledged that such Preliminary Construction Documents had not
been provided to the Administrative Agent. The Borrowers consequently requested, and the Lenders granted, subject to the terms and conditions set forth in the First Waiver Agreement, a temporary waiver of the requirement set forth in
Section 6.01(s)(i)(A) of the Credit Agreement until November 30, 2006. 
 In the First Waiver Agreement the Borrowers covenanted and
agreed, among other things, that, on or before November 30, 2006, the Independent Engineer would have full access (which it was understood could be at the Plant Sites, at the offices of the Design Builder, or at the offices of ICM) to complete
copies of the “On-Site Documents” (as defined in the First Waiver Agreement), which included heat and material balance documentation, and that such On-Site Documents would be in form and substance satisfactory to the Independent Engineer.

 The Borrowers acknowledge that, of the On-Site Documents, only the heat and material balance documentation has not been provided to the
Administrative Agent (which has recently been received by the Borrower, but has not yet been provided to or reviewed by the Independent Engineer on-site). Consequently, the Borrowers hereby request an extension of the temporary waiver described in
this clause 4(A) regarding provision of the heat and material balance documentation (i) with respect to the Albion Plant and Linden Plant, until January 31, 2007, and (ii) with respect to the Bloomingburg Plant, until January 31,
2007 to the extent the initial Borrowing of the Bloomingburg Construction Loans is made prior to such date. 
 (B) Borrowers’
Covenants. (i) Each of the Borrowers hereby covenants and agrees that (a) with respect to the Albion Plant and Linden Plant, on or before January 31, 2007 and (b) with respect to the Bloomingburg Plant, on January 31,
2007 to the extent the initial Borrowing of the Bloomingburg Construction Loans is made on or prior to such date, the Independent Engineer will have full access 

  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex A	 	4	 	

 
(which may be at the Plant Sites, at the offices of the Design Builder, or at the offices of ICM) to complete copies of the heat and material balance
documentation for such Plant, and such documentation shall be in form and substance satisfactory to the Independent Engineer. If this condition is not satisfied (a) with respect to the Albion Plant and the Linden Plant, on or before
January 31, 2007, and (b) with respect to the Bloomingburg Plant, on or before January 31, 2007 to the extent the initial Borrowing of the Bloomingburg Construction Loans is made on or prior to such date, and the Administrative Agent
has not received written confirmation thereof from the Independent Engineer, no additional Borrowing with respect to any Plant for which such requirement has not been satisfied may be requested or made. 
  

	5.	Linden Agreement for Water Services 

 (A)
Waiver Extension Request. (i) Pursuant to Section 5.11(c) (Representations and Warranties - Transaction Documents and Other Documents; Representations and Warranties in Transaction Documents) of the Credit Agreement, it is
required that each of the agreements set forth on Schedule 5.11-B be in full force and effect on or prior to the dates set forth for each such agreement on Schedule 5.11-B. In the First Waiver Agreement the Borrowers acknowledged that, with respect
to the Linden agreement regarding water services, such requirement would not be satisfied on or prior to the relevant date specified on Schedule 5.11-B. The Borrowers consequently requested, and the Lenders agreed to grant, subject to the terms and
conditions of the First Waiver Agreement, a temporary waiver of any Default or Event of Default arising out of or resulting from the failure to comply with the requirement set forth in Section 5.11(c) of the Credit Agreement, with respect to
the Linden agreement regarding water services on or before November 30, 2006. 
 The Borrowers acknowledge that they have not yet entered
into the Linden agreement regarding water services. Consequently, the Borrowers hereby request that the temporary waiver described in clause 5(A) be extended for the Linden agreement regarding water services until December 31, 2006. 

(ii) As noted in clause (i) above, pursuant to Section 5.11(c) of the Credit Agreement, it is required that each of the agreements set forth
on Schedule 5.11-B be in full force and effect on or prior to the dates set forth for each such agreement on Schedule 5.11-B. One of the agreements set forth in such schedule for the Linden Plant is the “Easement for well”, which is
required to be executed within 240 days from the Linden Notice to Proceed. The Borrowers hereby request that the deadline for satisfying this requirement be extended for the Linden well easement until the date that is ninety (90) days from the
date hereof. 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex A	 	5	 	

 The Borrowers report in the Second Request Letter that they are in the final stages of negotiating with
the Town of Linden for the supply of water to the Linden Plant and that, rather than obtain an easement for a well, ASA Linden intends to acquire three parcels of real property to use as well sites to supply water to the Linden Plant (the “Well
Sites”). Upon execution of the Linden agreement for water services with the Town of Linden, ASA Linden will transfer the Well Sites to the Town of Linden for the same price that ASA Linden acquired the Well Sites. (The plan outlined above, the
“Linden Well Plan”) Consequently, the Borrowers hereby request that, upon completion of the actions described in this paragraph, the requirement in Section 5.11(c) of the Credit Agreement that each of the agreements set forth on
Schedule 5.11-B be in full force and effect on or prior to the dates set forth for each such agreement on Schedule 5.11-B be deemed to be satisfied to the extent such requirement relates to the “Easement for well” identified in such
schedule for the Linden Plant. 
 (iii) Paragraph (ii) of Section 7.01(o) (Affirmative Covenants – Preservation of Title;
Acquisition of Additional Property) of the Credit Agreement requires that, prior to the acquisition or lease of any additional real property interests described in Section 7.01(o)(i) of the Credit Agreement, the Borrowers must deliver to
the Administrative Agent an Environmental Site Assessment Report(s) with respect to such real property (if, in the reasonable determination of the Administrative Agent, acting in consultation with the Independent Engineer, such Environmental Site
Assessment Report(s) with respect to such real property interests is warranted), in each case, along with a corresponding reliance letter from the consultant issuing such report(s), and each such environmental report shall be in form and substance
reasonably satisfactory to the Required Lenders. 
 In light of the Linden Well Plan, the Borrowers hereby request approval by the Required
Lenders of the Environmental Site Assessment Reports for the Well Sites described in and attached to the Borrowers’ letter to the Administrative Agent dated October 13, 2006. 
 (iv) Section 7.02(f) (Negative Covenants – Asset Dispositions) of the Credit Agreement requires that, subject to certain exceptions, the
Borrowers shall not sell, lease, assign, transfer or otherwise dispose of assets. The Borrowers hereby request a waiver of such requirements to the extent that they would prohibit the Borrowers from completing the transfer of the Well Sites to the
Town of Linden in connection with the Linden Well Plan. 
 (v) Section 6.03(d) (Conditions to All Construction Loan Borrowings –
Updated Survey) of the Credit Agreement requires that if any Borrower acquires any land (leasehold, fee or easement) not shown on the then-current Survey, the Administrative Agent shall have received an updated Survey of the Sites 

  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex A	 	6	 	

 
including such new leasehold, fee or easement areas. In light of the Linden Well Plan, the Borrowers hereby request a waiver of such requirement to the
extent that it would require Linden to deliver an updated Survey of the Site for the Linden Plant to reflect the Well Sites; provided, that the Borrowers transfer the Well Sites to the Town of Linden within ninety (90) days of this Omnibus
Agreement. 
 (vi) Section 7.01(o)(i)(i) (Affirmative Covenants – Preservation of Title; Acquisition of Additional Property)
of the Credit Agreement requires, among other things, that if any Borrower shall at any time acquire any real property or leasehold or other interest in real property, such Borrower shall promptly upon such acquisition, execute, deliver and record a
supplement to the relevant Mortgage. 
 In light of the Linden Well Plan, the Borrowers hereby request a waiver of such requirement to the
extent that it would require Linden to deliver a supplement to the Mortgage for the Linden Plant to reflect the Well Sites; provided, that the Borrowers transfer the Well Sites to the Town of Linden within ninety (90) days of this Omnibus
Agreement. 
 (B) Borrowers’ Covenant; Effectiveness. (i) Each of the Borrowers hereby covenants and agrees that the Linden
agreement regarding water services will be entered into on or before December 31, 2006. Each of the Borrowers hereby further agrees to complete the Linden Well Plan on or before December 31, 2006, it being understood that upon such
completion the requirement of Section 5.11(c) of the Credit Agreement will be deemed to be satisfied to the extent it regards the “Easement for well” set forth in Schedule 5.11-B for the Linden Plant. If such requirements are not
satisfied by such date, no Borrowing may thereafter be requested or made with respect to the Linden Plant. 
 (ii) The effectiveness of the
waiver requested pursuant to clause (i) of 5(A) above shall terminate on December 31, 2006. The effectiveness of the waivers requested pursuant to clauses (ii), (v) and (vi) of 5(A) above shall terminate on the date that is
ninety (90) days from the date hereof. 
  

	6.	Conditions to Borrowing – Representations and Warranties  

 (A) Waiver Extension Request. Pursuant to Sections 6.01(c)(i)(B) (Conditions to First Construction Loan Borrowing – Officer’s Certificates) and Section 6.05(a) (Conditions to All
Borrowings - Borrowers’ Certifications) of the Credit Agreement, it is required that all of the representations and warranties made by the Borrowers in the Credit Agreement and Financing Documents are true and correct in all material
respects on and as of the relevant Borrowing Date. The Borrowers acknowledged in the First Waiver Agreement that such 

  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex A	 	7	 	

 
requirements would not be satisfied on the date of the initial Borrowing for each Plant, but only to the extent that they related to the representations and
warranties made in (i) Section 5.03(a) (Governmental Approvals) of the Credit Agreement that all necessary Governmental Approvals are in full force and effect, final and Non-Appealable, (ii) Section 5.09
(Litigation) of the Credit Agreement that there is no pending or, to the Knowledge of any Borrower, threatened litigation, action, proceeding or labor controversy against or affecting any Borrower, any Plant, ASA Biofuels or the Project, and
(iii) Section 5.11(c) (Transaction Documents and Other Documents; Representations and Warranties in Transaction Documents) of the Credit Agreement that all of the agreements set forth in Schedule 5.11-B are in full force and effect
on or prior to the relevant dates set forth for each such agreement on Schedule 5.11-B, as each of the representations and warranties referred to in clauses (i) through (iii) above may relate to, and only to the extent of, the waived
provisions. 
 The Borrowers consequently requested, and the Lenders granted, subject to the terms and conditions set forth in the First
Waiver Agreement, a temporary waiver of the requirement that such conditions be satisfied on or before the date of the initial Borrowing and the date of any other Borrowing that occurred prior to the termination of such waiver. The First Waiver
Agreement provided that the temporary waiver would terminate with respect to each waived provision on the date that the First Waiver Agreement ceased to be effective with respect to such waived provision. 
 Consequently, the Borrowers hereby request an extension of the waiver of the requirement that such conditions be satisfied on or before the date of any
other Borrowing that occurs prior to the termination of the Extension of each such Extended Waiver as provided in (B) below. 
 (B)
Effectiveness. The waiver extension requested pursuant to clause 6(A) above shall cease to be effective with respect to each Extended Waiver on the date that the Extension of such Extended Waiver ceases to be effective. 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex A	 	8	 	

 ANNEX B 
 WAIVERS REQUESTED 
  

	7.	Copies of Governmental Approvals 

 (A)
Waiver Request. Section 6.05(b)(vii) (Conditions to All Borrowings – Government Approvals) of the Credit Agreement requires as a condition to each Borrowing that the Administrative Agent must have received copies of all
Governmental Approvals obtained since the last Borrowing certified by an Authorized Officer of the Borrowers’ Agent as true, correct, complete and in full force and effect. 
 The Borrowers acknowledge that the Governmental Approvals identified on Attachment D to the Second Request Letter had been obtained on one or more dates
when an Authorized Officer of the Borrowers’ Agent delivered the certification required pursuant to Section 6.05(b)(vii) of the Credit Agreement, and that such Governmental Approvals were not included in any such certificates. Concurrently
with their delivery of the Second Request Letter the Borrowers have provided copies of such Governmental Approvals to the Administrative Agent, together with the required certification by an Authorized Officer. 
 The Borrowers hereby request that the Lenders waive the breach of Section 6.05(b)(vii) of the Credit Agreement, and any Default or Event of Default
arising therefrom, that resulted from the inaccuracy of any Authorized Officer’s certificate delivered pursuant to such Section which omitted any of the Governmental Approvals described in the paragraph immediately above on or after the date
when such Governmental Approvals had been obtained. 
 (B) Borrowers’ Representation. Each of the Borrowers hereby represents and
warrants that the copies of Governmental Approvals previously provided to the Administrative Agent and the copies of Governmental Approvals provided to the Administrative Agent concurrently with the Second Request Letter constitute all of the
Governmental Approvals required to be delivered in connection with all previous Borrowings under the Credit Agreement. 
  

	8.	Notice of Default or Event of Default 

 (A)
Waiver Request. Pursuant to Section 7.03(e) (Covenants – Reporting Requirements) of the Credit Agreement, the Borrowers are required to furnish to the Administrative Agent, as soon as possible and in any event within five
days after the occurrence of any Default or Event of Default, a statement of an Authorized Officer of the Borrowers’ Agent setting forth details of such Default 

  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex B	 	1	 	

 
or Event of Default and the actions that the Borrowers have taken and propose to take with respect thereto. The Borrowers hereby request a waiver of any
Default or Event of Default arising out of or resulting from the failure to provide such statements within the relevant time periods provided in the Credit Agreement in connection with the required certifications described in clause 7 above.

 (B) Borrowers’ Representation. Each of the Borrowers hereby represents and warrants that, other than as described in this
Omnibus Agreement, no Default or Event of Default has occurred and is continuing. 
  

	9.	Default or Event of Default if Waiver Not Effective on or Before November 30, 2006 

 The Borrowers hereby request that to the extent this Omnibus Agreement does not take effect on or before November 30, 2006, any and all Defaults and
Events of Default arising under the Credit Agreement solely as a consequence thereof, including but not limited to Defaults and Events of Default that would arise as a result of the Borrowers’ failure to comply with Section 5.11(c),
6.01(k)(iii), 6.01(s)(i)(A), 6.02(i), 6.05(b)(i), 6.05(b)(v) or 6.05(g)(i) of the Credit Agreement, shall be waived until the date this Omnibus Agreement becomes effective. 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex B	 	2	 	

 ANNEX C 
 CONSENT REQUESTED 
  

	10.	Albion Change Order 

 (A) Consent
Request. Section 7.02(m)(iii) (Negative Covenants – Project Documents) of the Credit Agreement requires that, unless certain conditions are satisfied, no Borrower shall enter into or approve any Change Orders without the
approval of the Required Lenders (acting in consultation with the Independent Engineer), such approval not to be unreasonably withheld or delayed. 
 The Borrowers hereby request the Lenders’ consent to the proposed Change Order attached to the Consent and Second Waiver Request to cover the cost of the Albion Water Treatment System Agreement, as more fully described in such Change
Order. 
  

 Omnibus Agreement (Consent, Fourth Amendment and Second Waiver) 
  

					
	Annex C	 	1Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver)

 Exhibit 10.6 
 EXECUTION VERSION 
 SECOND OMNIBUS AGREEMENT (SECOND CONSENT, FIFTH
AMENDMENT 
 AND THIRD WAIVER) 
 This SECOND OMNIBUS AGREEMENT (SECOND CONSENT, FIFTH AMENDMENT AND THIRD WAIVER) dated as of                     , 2006 (this
“Amendment”), is by and among ASA OPCO HOLDINGS, LLC, a Delaware limited liability company (“ASA Holdings”), ASA ALBION, LLC, a Delaware limited liability company (“Albion”), ASA BLOOMINGBURG, LLC,
a Delaware limited liability company (“Bloomingburg”), and ASA LINDEN, LLC, a Delaware limited liability company (“Linden” and, together with ASA Holdings, Albion and Bloomingburg, the “Borrowers”),
ASA Holdings, as Borrowers’ Agent, each of the Lenders party hereto, WESTLB AG, New York Branch, as Administrative Agent for the Lenders (the “Administrative Agent”), FIRST NATIONAL BANK OF OMAHA, as Collateral Agent for the
Senior Secured Parties (the “Collateral Agent”) and FIRST NATIONAL BANK OF OMAHA as Accounts Bank (the “Accounts Bank”). 
 WHEREAS, pursuant to the Credit Agreement, dated as of February 6, 2006 (as amended by the First Amendment to Credit Agreement, dated as of May 23, 2006, the Second Amendment to Credit Agreement, dated as of
August 15, 2006, and the Third Amendment to Credit Agreement, dated as of August 30, 2006, and as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the
Borrowers, the Borrowers’ Agent, each of the Lenders from time to time party thereto, the Administrative Agent, the Collateral Agent, the Accounts Bank, WestLB AG, New York Branch, as Co-Syndication Agent, Lead Arranger, and Sole Lead
Bookrunner, First National Bank of Omaha and Standard Chartered Bank, as Co-Syndication Agents and Lead Arrangers and CIT Capital USA INC. and ING Capital LLC, as Co-Documentation Agents and Lead Arrangers, the Lenders agreed to make a credit
facility available to the Borrowers, subject to the terms and conditions set forth therein; 
 WHEREAS, pursuant to a letter dated
November 21, 2006 delivered by the Borrowers’ Agent to the Administrative Agent (the “Second Request Letter”), the Borrowers have requested, among other things, that the Lenders (i) grant a consent requested by the
Borrowers pursuant to the Credit Agreement, (ii) grant a temporary waiver under the Credit Agreement and (iii) agree to amend certain provisions of the Credit Agreement for the benefit of the Borrowers. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants contained in the Credit Agreement and herein, and other good and valuable
consideration the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. Unless
the context shall otherwise require, or unless otherwise defined herein, capitalized terms used herein shall have the respective meanings specified in the Credit Agreement. 
  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

 2. Waiver. Pursuant to Section 11.01 (Miscellaneous Provisions – Amendments,
Etc.) of the Credit Agreement, the Lenders hereby grant to the Borrowers a waiver and consent (the “Waiver”) of the non-compliance of the Borrowers with the provision of the Credit Agreement for which the Borrowers have sought a
waiver or a consent, as specified, and subject to the terms and conditions set forth, in Annex A hereto (the “Waived Provision”). 
 3. Consent. Pursuant to Section 11.01 (Miscellaneous Provisions – Amendments, Etc.) of the Credit Agreement, the Lenders hereby grant to the Borrowers a consent (the “Consent”) with respect to the
provision in the Credit Agreement for which the Borrowers have sought a consent, as specified, and subject to the terms and conditions set forth, in Annex B hereto (the “Consented Provision”). 
 4. Amendments to the Credit Agreement. The parties hereto hereby agree to amend the following provisions of the Credit Agreement in the manner set forth
as follows: 
 A. Section 1.01(Defined Terms) of the Credit Agreement is hereby amended by inserting the following new
definitions in alphabetical order: 
 “ “Albion TIF Savings” means an amount equal to (x) the aggregate proceeds
of the TIF Financing that are, from time to time, disbursed to Albion and deposited in the Albion Construction Account in accordance with Section 8.03(a)(vii) (Albion Construction Account) or the ASA Holdings Construction Account
in accordance with Section 8.06(d) (ASA Holdings Construction Account) minus (y) the amounts applied as a Mandatory Prepayment of the Construction Loans pursuant to Section 8.06(e)(iv) (ASA Holdings
Construction Account). 
 “ “Omnibus Agreement (Consent, Fourth Amendment and Second Waiver)” means the Omnibus
Agreement (Consent, Fourth Amendment and Second Waiver) among the Borrowers, the Agents and the Lenders, dated as of                     ,
2006.” 
 “ “TIF Financing” means a financing by Albion on substantially the terms set forth in the Redevelopment
Agreement and Term Sheet between Albion and Community Redevelopment Authority of the City of Albion attached to the letter dated November 21, 2006 delivered by the Borrowers’ Agent to the Administrative Agent.” 
 “ “TIF Reimbursement Amounts” shall have the meaning provided in Section 8.06(d) (ASA Holdings Construction
Account). 
  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 2 

 B. Paragraph (a) of Section 2.06 (Termination or Reduction of Commitments) of the
Credit Agreement is hereby deleted in its entirety and replaced with the following: 
 “Any unused Construction Loan Commitments shall
be automatically and permanently terminated on the earlier of the Conversion Date and the Conversion Date Certain, as follows: (i) after taking into account any amounts required to be applied pursuant to Section 2.04(g)(i) (Borrowing
of Loans) on such day, up to an amount equal to the Albion TIF Savings and (ii) after giving effect to all Construction Loans, if any, to be made on such day, all unused Construction Loan Commitments.” 
 C. Paragraph (e) of Section 2.06 (Termination or Reduction of Commitments) of the Credit Agreement is hereby deleted in its entirety and
replaced with the following: 
 “The Construction Loan Commitments for the third (3rd) Plant to deliver its Notice to Proceed shall
be automatically and permanently terminated in full if the initial Borrowing of the Construction Loans for such Plant has not occurred on or before March 31, 2007.” 
 D. Section 3.09(a)(v) (Mandatory Prepayment) of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

 “on the earlier to occur of the Conversion Date and the Conversion Date Certain, as required pursuant to Section 8.06(e)(iv)
(ASA Holdings Construction Account).” 
 E. Section 6.02(c)(iii) (Conditions to First Borrowing for Each Plant –
Notices to Proceed) of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 
 “(iii) with
respect to all three (3) Plants, on or before November 30, 2006.” 
 F. The following text shall be added as a new clause
(y) at the end of Section 7.01 (Affirmative Covenants) of the Credit Agreement: 
 “(y) TIF Financing.
(i) The Borrowers shall cause any proceeds of the TIF Financing that have been disbursed to Albion for payment of Albion Project Costs that are then due and payable to be applied directly to such Albion Project Costs specified in connection
with such disbursement. 
  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 3 

 (ii) Promptly upon the disbursement of any proceeds of the TIF Financing to Albion, the Borrowers’
Agent shall deliver a duly executed certificate to the Administrative Agent (A) setting forth (1) the amount of such proceeds, (2) the aggregate amount of all proceeds of the TIF Financing disbursed to Albion through and including
such most recent disbursement, and (3) the then-current Albion TIF Savings amount, and (B) attaching evidence that such proceeds are being disbursed to (1) reimburse Albion for Albion Project Costs incurred and paid for or (2) to
pay Albion Project Costs that are then due and owing.” 
 G. Section 7.02(a)(v) (Negative Covenants – Permitted
Indebtedness) of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 
 “subject to the
conditions set forth in the Omnibus Agreement (Consent, Fourth Amendment and Second Waiver), the TIF Financing.” 
 H. The following
text shall be added as a new clause (vii) at the end of Section 8.03(a) (Albion Construction Account) of the Credit Agreement: 
 “(vii) all proceeds of the TIF Financing that are disbursed to Albion for payment of Albion Project Costs then due and owing;” 
 I. The following text shall be inserted at the end of the first sentence of Section 8.03(c) (Albion Construction Account) of the Credit Agreement: 
 “(except in the case of amounts deposited into the Albion Construction Account pursuant to Section 8.03(a)(vii), in which case the application of such amounts shall be applied to the Albion Project
Costs for which such TIF Financing proceeds were disbursed)” 
 J. The following text shall be inserted at the beginning of
Section 8.06(c) (ASA Holdings Construction Account) of the Credit Agreement: 
 “Subject to Section 8.06(e),”

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 4 

 K. The following text shall be added at the end of Section 8.06 (ASA Holdings Construction
Account) of the Credit Agreement: 
 “(d) All proceeds of the TIF Financing disbursed to Albion for reimbursement of Albion Project
Costs previously paid for by Albion (the “TIF Reimbursement Proceeds”) shall be deposited into the ASA Holdings Construction Account. 
 (e) All TIF Reimbursement Proceeds on deposit in or standing to the credit of the ASA Holdings Construction Account shall be applied, at the written instruction of the Borrowers’ Agent or the Collateral Agent, to
the following amounts: 
 (i) to reimburse ASA Biofuels for (A) the waiver/amendment fee paid by ASA Biofuels for the benefit of the
Lenders pursuant to the Fee Letter between ASA Biofuels and the Administrative Agent and acknowledged by the Borrowers’ Agent, dated as of November 27, 2006, and (B) any costs and expenses of the Borrowers in connection with the
waiver, consent and amendment requests described in such Fee Letter that were paid by ASA Biofuels on behalf of the Borrowers (provided that the Borrowers provide certified evidence documenting each such cost and expense); 
 (ii) up to an aggregate amount of two million Dollars ($2,000,000), to fund the ASA Linden water trust, as more fully described in the Omnibus Agreement
(Consent, Fourth Amendment and Second Waiver); 
 (iii) at any time before the Conversion Date, for payment of Project Costs
(A) pursuant to any Change Order approved pursuant to Section 7.02(m)(iii), (B) in accordance with the Construction Budgets, or (C) subject to the approval of the Independent Engineer, in each case with notice to the
Administrative Agent; and 
 (iv) upon the earlier to occur of the Conversion Date and the Conversion Date Certain, all remaining TIF
Reimbursement Proceeds shall be paid to the Administrative Agent, for the benefit of the Lenders, for application as a prepayment of the Loans in accordance with Section 3.09(a)(v) (Mandatory Prepayment).” 
  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 5 

 L. Exhibit J of the Credit Agreement shall be amended by adding the following text at the end of the
first sentence of second paragraph (d): 
 “(or, in the case of amounts deposited into the Albion Construction Account as TIF Financing
proceeds, the application of such amounts has not been accounted for in the most recent Borrowing Notice but the Borrowers hereby certify that such amounts will be applied directly to the Albion Project Costs with respect to which such TIF Financing
proceeds were disbursed)” 
 5. Representations and Acknowledgements. Each of the Waiver and the Consent by the Lenders is made
in reliance on each of the Borrowers’ representations and acknowledgements set forth in the Annexes hereto. In the event that any of the Borrowers’ representations and/or acknowledgements set forth in the Annexes hereto is false or
inaccurate in any material respect as of the date hereof, the Waiver with respect to the Waived Provision or the Consent with respect to the Consented Provision, as applicable, in connection with which such representation and/or acknowledgement was
made shall be deemed void ab initio; provided, that no such falsity or inaccuracy shall have any effect on the Consent with respect to the Consented Provision (in the case of a falsity or inaccuracy relied upon to grant the Waiver of
the Waived Provision) or the Waiver with respect to the Waived Provision (in the case of a falsity or inaccuracy relied upon to grant the Consent with respect to the Consented Provision). 
 6. Certification by the Borrowers. Each of the Waiver and the Consent by the Lenders is further made in reliance on the Borrowers’
certifications that (i) as of the date hereof, no Default or Event of Default has occurred and is continuing under the Credit Agreement, and (ii) all of the information provided in the Second Request Letter is true, complete and correct in
all material respects. 
 7. Limited Purpose; Effect on Credit Agreement. Notwithstanding anything contained herein, the Waiver and
the Consent contained in this Omnibus Agreement (i) are a limited waiver and consent, (ii) are effective only with respect to the transactions described in this Omnibus Agreement for the specific instance and the specific purpose for which
they are given, (iii) shall not be effective for any other purpose or transaction, and (iv) do not constitute an amendment or basis for a subsequent waiver or consent of any of the provisions of the Credit Agreement. Except as expressly
amended hereby or otherwise provided herein, (a) all of the terms and conditions of the Credit Agreement and all other Financing Documents remain in full force and effect, and none of such terms and conditions are, or shall be construed as,
otherwise amended or modified, and (b) nothing in this Omnibus Agreement shall constitute a waiver by the Lenders of any Default or Event of Default or a waiver by the Lenders of any right, power or remedy available to the Lenders or the other

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 6 

 
Senior Secured Parties under the Credit Agreement, whether any such defaults, rights, powers or remedies presently exist or arise in the future. The Credit
Agreement shall, together with the amendments set forth in this Omnibus Agreement, be read and construed as a single agreement. All references in the Credit Agreement and any related documents, instruments and agreements shall hereafter refer to the
Credit Agreement, as amended hereby. 
 8. Effective Date. This Omnibus Agreement shall become effective as of the first date on which
it has been executed by each of the Lenders, the Administrative Agent, each of the Borrowers and the Borrowers’ Agent, the Waiver, the Consent and the Amendment; provided, that with respect to the Waived Provision described in clause
(A) of Annex A hereto, the effectiveness of the Waiver with respect to the Waived Provision specified therein shall terminate on the specific dates and/or upon the occurrence of the specific events set forth in clause (B) of such Annex
(unless extended or further extended, as the case may be, in accordance with Section 9 (Extension of Waived Provisions)). 
 9. Extension of Waived Provision. To the extent that the Borrowers may request an extension of the Waiver of the Waived Provision beyond the time provided in Annex A, each of the Lenders hereby consents and agrees that,
notwithstanding anything to the contrary in Section 11.01 (Amendments, Etc.) of the Credit Agreement, any such extension of such Waiver that would otherwise require the approval of all of the Lenders may be granted with the written
consent of the Administrative Agent and of Lenders (excluding all Non-Voting Lenders) holding in excess of two-thirds (2/3) of the Construction Loan Commitments (excluding the Construction Loan Commitments of all Non-Voting Lenders).

 10. Financing Document. The parties hereto agree that this Omnibus Agreement is a Financing Document. 
 11. Authority; Etc. The execution and delivery by each of the Borrowers and the Borrowers’ Agent of this Omnibus Agreement are within the
organizational authority of each of them and have been duly authorized by all necessary organizational action on the part of, and have been duly and validly executed by, each Borrower and the Borrowers’ Agent. 
 12. Miscellaneous. 
 a) THIS OMNIBUS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, UNITED STATES OF AMERICA. 
 b) Section headings in this Omnibus Agreement are included herein for convenience of reference only and shall not constitute a part of
this Omnibus Agreement for any other purpose or be given any substantive effect. 
  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 7 

 c) This Omnibus Agreement may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all of which counterparts together shall constitute but one and the same instrument. 
 d) Delivery of an executed counterpart of a signature page of this Omnibus Agreement by telecopy or portable document format
(“pdf”) shall be effective as delivery of a manually executed counterpart of this Omnibus Agreement. 
 [The remainder of this
page was left blank intentionally.] 
  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 8 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Omnibus Agreement (Second Consent, Fifth
Amendment and Third Waiver) to be executed by their respective officers as of the day and year first above written. 
  

			
	 ASA OPCO HOLDINGS, LLC,
 as Borrower

		
	By:	 	 /s/ George Schaefer

	Name:	 	George Schaefer
	Title:	 	CFO
	
	 ASA ALBION, LLC,
 as
Borrower

		
	By:	 	 /s/ George Schaefer

	Name:	 	George Schaefer
	Title:	 	CFO
	
	 ASA BLOOMINGBURG, LLC,
 as Borrower

		
	By:	 	 /s/ George Schaefer

	Name:	 	George Schaefer
	Title:	 	CFO
	
	 ASA LINDEN, LLC,
 as
Borrower

		
	By:	 	 /s/ George Schaefer

	Name:	 	George Schaefer
	Title:	 	CFO

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	ASA OPCO HOLDINGS, LLC,
	as Borrowers’ Agent
		
	By:	 	 /s/ George Schaefer

	Name:	 	George Schaefer
	Title:	 	CFO

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 WESTLB AG, NEW YORK BRANCH,
 as Lender

		
	By:	 	 /s/ PAUL VASTOLA

	Name:	 	PAUL VASTOLA
	Title:	 	DIRECTOR
		
	By:	 	 /s/ THOMAS D. MURRAY

	Name:	 	THOMAS D. MURRAY
	Title:	 	MANAGING DIRECTOR
	
	 WESTLB AG, NEW YORK BRANCH,
 as
Administrative Agent

		
	By:	 	 /s/ PAUL VASTOLA

	Name:	 	PAUL VASTOLA
	Title:	 	DIRECTOR
		
	By:	 	 /s/ THOMAS D. MURRAY

	Name:	 	THOMAS D. MURRAY
	Title:	 	MANAGING DIRECTOR

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 FIRST NATIONAL BANK OF OMAHA,
 as
Lender

		
	By:	 	 /s/ FALLON SAVAGE

	Name:	 	FALLON SAVAGE
	Title:	 	COMMERCIAL LOAN OFFICER
	
	 FIRST NATIONAL BANK OF OMAHA,
 as
Collateral Agent

		
	By:	 	 /s/ FALLON SAVAGE

	Name:	 	FALLON SAVAGE
	Title:	 	COMMERCIAL LOAN OFFICER
	
	 FIRST NATIONAL BANK OF OMAHA,
 as
Accounts Bank

		
	By:	 	 /s/ FALLON SAVAGE

	Name:	 	FALLON SAVAGE
	Title:	 	COMMERCIAL LOAN OFFICER

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 STANDARD CHARTERED BANK,
 as Lender

		
	By:	 	 /s/ PAUL CLIFFORD

	Name:	 	PAUL CLIFFORD
	Title:	 	Director — SVP
		
	By:	 	 /s/ ANDREW Y. NG

	Name:	 	ANDREW Y. NG
	Title:	 	 DIRECTOR
 STANDARD CHARTERED BANK
NY

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 CIT CAPITAL USA INC.,
 as
Lender

		
	By:	 	 /s/ Robert W. Sexten

	Name:	 	Robert W. Sexten
	Title:	 	Managing Director

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 ING CAPITAL LLC,
 as
Lender

		
	By:	 	 /s/ Daniel W. Lamprecht

	Name:	 	Daniel W. Lamprecht
	Title:	 	Managing Director
		
	By:	 	 /s/ Richard Ennis

	Name:	 	Richard Ennis
	Title:	 	Managing Director

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 FARM CREDIT SERVICES OF AMERICA, FLCA,
 as Lender

		
	By:	 	 /s/ Gary Mazour

	Name:	 	Gary Mazour
	Title:	 	V.P.

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 SCOTIABANC INC.,
 as
Lender

		
	By:	 	 /s/ William E. Zarrett

	Name:	 	William E. Zarrett
	Title:	 	Managing Director

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 AGFIRST FARM CREDIT BANK,
 as
Lender

		
	By:	 	 /s/ Bruce B. Fortner

	Name:	 	Bruce B. Fortner
	Title:	 	Vice President

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 BANCO SANTANDER CENTRAL HISPANO, S.A.,
NEW YORK BRANCH, 
 as Lender

		
	By:	 	 [Illegible]

	Name:	 	
	Title:	 	
		
	By:	 	 /s/ Ignacio Campillo

	Name:	 	Ignacio Campillo
	Title:	 	 Executive Director
 Grupo Santander

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 GREENSTONE FARM CREDIT SERVICES,
ACA/FLCA,
 as Lender

		
	By:	 	 /s/ Alfred S. Compton, Jr.

	Name:	 	Alfred S. Compton, Jr.
	Title:	 	VP/Sr. Lending Officer

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 METROPOLITAN LIFE INSURANCE
COMPANY,
 as Lender

		
	By:	 	 /s/ ERIK V. SAVI

	Name:	 	ERIK V. SAVI
	Title:	 	DIRECTOR

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 BANK MIDWEST, N.A.,
 as
Lender

		
	By:	 	 /s/ DAVID L. RAMBO

	Name:	 	DAVID L. RAMBO
	Title:	 	 SENIOR VICE PRESIDENT
 COMMERCIAL
LENDING

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 BANCO BILBAO VIZCAYA ARGENTARIA S.A.,
 as Lender

		
	By:	 	 /s/ MARIA T. VIZAN

	Name:	 	MARIA T. VIZAN
	Title:	 	 Vice President
 Global Corporate
Banking

		
	By:	 	 /s/ HECTOR D. VILLEGAS

	Name:	 	HECTOR D. VILLEGAS
	Title:	 	 Vice President
 Global Corporate
Banking

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 1ST FARM CREDIT SERVICES, FLCA,
 as Lender

		
	By:	 	 /s/ Dale A. Richardson

	Name:	 	Dale A. Richardson
	Title:	 	VP, Illinois Capital Markets Group

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 25 

			
	 NATIXIS, NEW YORK BRANCH
 as
Lender

		
	By:	 	 /s/ Pierre Audrain

	Name:	 	Pierre Audrain
	Title:	 	Director
		
	By:	 	 /s/ ROBERT PARK

	Name:	 	ROBERT PARK
	Title:	 	ASSOCIATE

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 INVESTEC BANK (UK) LIMITED,
 as
Lender

		
	By:	 	 /s/ Grahame McGirr

	Name:	 	Grahame McGirr
	Title:	 	Credit
		
	By:	 	 /s/ Ian Wohlman

	Name:	 	IAN WOHLMAN
	Title:	 	HEAD OF CREDIT

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	 AMARILLO NATIONAL BANK,
 as Lender

		
	By:	 	 /s/ Craig L. Sanders

	Name:	 	Craig L. Sanders
	Title:	 	Executive Vice President
		
	By:	 	 /s/ Mark Fields

	Name:	 	Mark Fields
	Title:	 	Vice President

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

			
	GMAC COMMERCIAL FINANCE LLC
		
	By:	 	 /s/ PATRICK N. RILEY

	Name:	 	PATRICK N. RILEY
	Title:	 	 VICE PRESIDENT
 GROUP SENIOR RISK
MANAGER

  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 

 ANNEX A 
 WAIVER REQUESTED 
 Bloomingburg Air Permit - Design-Build Emission Guarantees

 A. Waiver Request. Pursuant to Section 6.02(i) (Conditions to First Borrowing for Each Plant – Air Permits) of the
Credit Agreement, it is required that, prior to the initial Borrowing for the Bloomingburg Plant, the guarantee of the Design Builder with respect to air emissions set forth in the Bloomingburg Design Build Contract meet the requirements of the
final air quality construction permit of the Bloomingburg Plant. The Borrowers acknowledge that, to the extent the Borrowers request that the initial Bloomingburg Construction Loan be made prior to March 31, 2007, such requirement will not be
satisfied by the date of such initial Borrowing for the Bloomingburg Plant. Consequently, the Borrowers hereby request a temporary waiver of the requirement that such condition be satisfied on or before the initial Borrowing Date. 
 B. Borrowers’ Covenant; Effectiveness. (i) Each of the Borrowers hereby covenants and agrees that, to the extent the Borrowers request
the initial Bloomingburg Construction Loan be made prior to March 31, 2007, the requirement that the guarantee of the Design Builder with respect to air emissions set forth in the Bloomingburg Design Build Contract meet the requirements for the
final air quality construction permit for the Bloomingburg Plant will be satisfied on or before March 31, 2007. If such requirement is not satisfied by such date, no Borrowing may thereafter be requested or made with respect to the Bloomingburg
Plant until such requirement is satisfied. 
 (ii) The effectiveness of the waiver requested pursuant to clause (A) above shall terminate
on March 31, 2007. 
  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 1 

 ANNEX B 
 CONSENT REQUESTED 
 Tax Increment Financing 
 A. Consent Request. Section 7.02(a)(v) (Negative Covenants – Restrictions on Indebtedness of the Borrowers) of the Credit
Agreement provides that, with the prior written consent of each Lender, Albion or ASA Holdings may incur Indebtedness in the form of a guaranty with respect to tax increment financing notes or similar bond instruments to be issued by the Community
Redevelopment Authority of the City of Albion; provided that (A) all of the proceeds of such notes or bond instruments (net of issuance costs) are immediately applied as a prepayment of the Loans in accordance with Section 3.09
(Mandatory Prepayment) of the Credit Agreement and (B) the Community Redevelopment Authority of the City of Albion enters into a binding agreement with Albion reasonably satisfactory to each Lender pursuant to which the Community
Redevelopment Authority of the City of Albion agrees to apply the incremental proceeds of the additional ad valorem property taxes generated from development of the Albion Plant (excluding the Leased Premises) to repay such notes or bond
instruments. 
 The Borrowers have provided a proposed Redevelopment Agreement and Term Sheet for the TIF Financing as attachments to the
Second Request Letter. The Borrowers hereby request the Lenders’ consent to (i) the incurrence by Albion of Indebtedness consisting of TIF Financing in an amount not to exceed $7,000,000 on substantially the terms set forth in the
Redevelopment Agreement and Term Sheet attached to the Second Request Letter, (ii) the execution by Albion of the Redevelopment Agreement in substantially the form provided and any other definitive documentation related thereto (provided that
all such documentation is consistent with the terms of such Redevelopment Letter and Term Sheet and is approved prior to execution by the Administrative Agent), and (iii) the application of the proceeds of such TIF Financing as set forth below:

 (A) all proceeds of the TIF Financing that are disbursed to Albion for payment of Albion Project Costs then due and owing will be deposited
into the Albion Construction Account for application in accordance with Section 8.03 (Albion Construction Account) of the Credit Agreement; and 
 (B) all proceeds of the TIF Financing disbursed to Albion for reimbursement of Albion Project Costs previously paid for by Albion shall be deposited into the ASA Holdings Construction Account for application in
accordance with Section 8.06(e) (ASA Holdings Construction Account) of the Credit Agreement. 
  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 1 

 B. Borrowers’ Covenants. Each of the Borrowers hereby covenants and agrees that
(i) prior to the execution by any Borrower of any definitive documentation relating to the TIF Financing, such documentation shall be subject to the approval of the Administrative Agent and (ii) the application of proceeds described in
paragraph (A) above shall be subject to receipt by the Administrative Agent of satisfactory evidence required pursuant to Section 7.01(y)(ii) (Affirmative Covenants – TIF Financing) of the Credit Agreement. 
  

 Second Omnibus Agreement (Second Consent, Fifth Amendment and Third Waiver) 
  

 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00132-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00132-of-00352.parquet"}]]