Document:

exv10w10

 

Exhibit 10.10

USDA Logo

United States Department of Agriculture

Rural Development

Iowa State Office

October 20, 2005

Christopher R. Sackett

Southern Iowa BioEnergy, LLC 207

North Main

Leon, Iowa 50144

Re: Letter of Conditions

Dear Mr. Sackett:

We are pleased to inform you that your proposal for a fiscal year 2005 Value-Added Producer Grant
(VAPG) has been selected for funding. This letter establishes conditions which must be understood
and agreed to by you before further consideration may be given to your VAPG application. The State
and Area staff of the United States Department of Agriculture, Rural Development, will administer
the grant on behalf of the Rural Business-Cooperative Service (RBS).

The docket may be completed on the basis of a grant not to exceed $100,000.00. The project must
be started by January 1, 2006 and be completed by December 31, 2006.

Please complete and sign the enclosed Form RD 1942-46, “Letter of Intent to Meet Conditions”
and Form RD 1940-1, “Request for Obligation of Funds” if you desire that further consideration
be given your application. If the conditions set forth in this letter are not met within 90
days from the day hereof, RBS reserves the right to discontinue the processing of your
application.

The grant will be considered approved on the date a signed (by Rural Development) copy of the
Value-Added Producer Grant Program Grant Agreement is mailed to you.

1.      Legal Entity

Provide information that the applicant is a legally incorporated entity that is eligible for
grant funds.

2.      Executions

Before a grant can be obligated, the Grantee must:

	 	•	 	Execute Form AD-1047, “Certification Regarding Debarment, Suspension, and
Other Responsibility Matters-Primary Covered Transactions,” to certify that your
organization is not debarred or suspended from Government assistance.

210 Walnut Street, Room 873 • Des Moines, IA 50309

PHONE: 515-284.4714; FAX: 515-284-4859 • TDD: 515-284-4858.www.rurdev.usda.gov/ia

An Equal Opportunity Provider and Employer

 

 

Southern Iowa BioEnergy, LLC

Letter of Conditions

	 	•	 	Execute Form AD-1049, “Certification Regarding a Drug-Free Workplace Requirements
(Grants)” to certify you will provide a drug-free awareness program for employees.
	 
	 	•	 	Execute Form RD 400-1, “Equal Opportunity Agreement.”
	 
	 	•	 	Form RD 400-4, “Assurance Agreement.”
	 
	 	•	 	Execute RD Instruction 1940-Q, Exhibit A-1 “Certification for Contracts, Grants &
Loans.”

2.      Prior to Release of Funds

	 	•	 	Obtain a certification on Form AD-1048, “Certification Regarding Debarment,
Suspension, Ineligibility and Voluntary Exclusion-Lower Tier Covered Transactions,”
from anyone you do business with as a result of this Government
assistance.
	 
	 	•	 	If the grant will be used for working capital expenses, submit a
feasibility study and business plan that meets the approval of the Agency.
	 
	 	•	 	If any proposed matching funds will be provided in cash by the applicant,
provide an updated bank statement or letter verifying a line of credit dated
within 30 calendar days of the expected start date of the grant period.
	 
	 	•	 	Provide all letters of support referenced in the application.
	 
	 	•	 	Provide a work plan and budget that includes a detailed breakdown of estimated
costs (both grant and matching) associated with each task, the personnel assigned
to complete each task, and the time frame for each task. The work plan and budget
must include only eligible expenses and meet the Agency’s approval.
	 
	 	•	 	Provide information proving that the number and individuals identified as
owner-producers in the application are correct.
	 
	 	•	 	Provide information verifying the amount of gross sales identified in the
application.

If you have any questions concerning the conditions set forth above, please contact

Jeff Kuntz at our Albia Area Office at 641/932-3031.

Sincerely,

 

/s/John F. Pyle

JOHN F. PYLE

Area Director

Iowa

2

 

Southern Iowa BioEnergy, LLC

Letter of Conditions

	 	 	 
	Enclosures:

	 	Form RD 1942-46
	 

	 	Form FmHA 1940-1
	 

	 	Form AD-1047
	 

	 	Form AD-1049
	 

	 	Form RD 400-1
	 

	 	Form RD 400-4
	 

	 	RD Instruction 1940-Q, Exhibit A-1
	 

	 	Form AD-1048

cc: Bobbie Purcell, Deputy Administrator, Cooperative Services

3exv10w11

 

Exhibit 10.11

	 	 	 	 	 
	 

	 	MEMORANDUM OF UNDERSTANDING
	 	5/25/2005
	 

	 	ISPB VALUE-ADDED MATCHING GRANT	 	 

Congratulations on your successful value-added matching grant application. It
has been approved by the Iowa Soybean Promotion Board at level of $5,000
for the application attached. This application, the attached award guidelines,
plus this memorandum of understanding will serve as our agreement.

Please review this information, contact me with any questions, sign 2 copies and return
to me. I’ll then sign both copies on behalf of ISPB and return one copy for your
files.

To receive the $5,000 matching reimbursement:

1.      The feasibility study must start after 1/1/2005 and completed by 9/30/05. The invoice for work completed by 9/30/05 must be submitted by 10/15/05.

2.      Three external estimates (request for proposal from companies who could conduct
the feasibility study) should be submitted unit to the Iowa Soybean Promotion Board
(ISPB). ISPM holds the right to communicate any concerns in writing within 10
business days of receiving these three estimates. If these concerns are not met
within 90 days, ISPB reserves the right to deny funding.

3.      Upon completion of the study, submit to the address below:

a.      Documentation of the matching amount (which cannot come from another
grant) that your group has paid.

b.      The invoice for completed work.

c.       The mailing address and name of the entity to be paid (i.e., your group
or the company conducting the feasibility study)

Iowa Soybean Promotion Board

4554 114th Street

Urbandale, IA 50322

Email: kschank@iasoybeans.com

4.       Payment will be made within 45 days of receiving the information in point #3.

	 	 	 
	/s/ Randy L. Layton

	 	/s/ Karen Anderson
	 

	 	 
	/s/ SIBE                                                             Secretary
	 	 
	Award Recipient

	 	Karen Anderson
	 

	 	Director of Marketingexv10w12

 

Exhibit 10.12

October 5, 2005

Mr. Randy Layton,
Secretary’
 Southern Iowa BioEnergy, LLC
 207 North Main

Leon, IA 50144

	 	 	 	 	 
	RE:	 	Financial Assistance Program Awards
	 	 	Award Date: September 15, 2005
	 

	 	Agreement #: 06-EZ-009

	 

	 	 	 	         06-VAP-005

Dear Mr. Layton:

I am pleased to inform you that the Iowa Department of Economic Development
has awarded Southern Iowa BioEnergy, LLC the following financial assistance for
your project in Lamoni, Iowa:

	 	 	 	 	 
	Enterprise Zone (EZ) — estimated value
	 	$	3,371.774	 
	Value-Added Agricultural Products and Processes Financial
	 	$	400,000	 
	     Assistance Program (VAAPFAP) [$300,000 Loan, $100,000 Forgivable Loan]

Attached you will find a Sales and Use Tax Refund informational sheet describing
the required forms for the tax credit program. in a few weeks, our office will
send you the necessary contract documents to finalize the terms and conditions
of your company’s participation in these financial assistance award programs.
The contract documents must be signed by authorized representatives of Southern
Iowa BioEnergy. LLC, Decatur County, and IDED.

The Iowa Department of Economic Development looks forward to working with
Southern Iowa BioEnergy, LLC and Decatur County on this important economic
development project. We are very pleased that you have chosen to make such a
significant investment in Iowa. Should you have any questions regarding this
award please contact your project manager, Mike Fastenau at 515-242-4831.

Sincerely,

 

/s/Mary Lawyer

Mary Lawyer Director

ML/jc

	 	 	 	 	 
	cc:

	 	The Honorable Jeff Angelo, State Senator

The Honorable Michael Reasoner, Slate Representative

Mr. Bill Morahl, Decatur County Development Corporation

Ms. Rebecca Layton, Decatur County Development Corporation

Mr. Alan Elefson, Decatur County Enterprise Zone Commission

IDED
	 	 

IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT

Mary Lawyer, Acting Director • 200 East Grand Avenue, Des Moines, IA 50309 USA • Phone: 515-242-4700 • Fax: 515.242.4809 • www..iowalifechanging.com<PAGE>
                                                                    EXHIBIT 10.1

                               (HEALTHSPRING LOGO)

February 7, 2006

John Bertini, MD
Chairman of the Board
Renaissance Physician Organization

Dear Dr. Bertini:

Please allow this letter to reflect the parties understanding of the settlement
of all matters relating to the proposed warrant to be issued by HealthSpring,
Inc. to Renaissance Physician Organization as described in the letter to RPO
dated October 14, 2004 and attached as Exhibit A.

Pursuant to Exhibit A, HealthSpring and its subsidiaries (collectively,
"HealthSpring") agreed to compensate RPO over a five year period through the
issuance of a warrant, the vesting and exercisability of which was to be based
upon RPO achieving certain performance goals. In correspondence dated January
26, 2006 and attached hereto as Exhibit B, HealthSpring offered to satisfy the
above obligation with an immediate cash payment of $4.0 million. It is further
agreed and understood that by method of its tax accounting the value of said
warrant has never been included in the taxable income of RPO for any period from
October 13, 2004 through the present and that the settlement of this warrant is
compensatory in nature, that RPO will recognize ordinary income in the amount of
$4.0 million.

It is both parties understanding that through board action on January 31, 2006
RPO accepted HealthSpring's offer as set forth in the January 26, 2006
correspondence. Upon the joint signature of this letter and the closing of the
HealthSpring, Inc. initial public offering, estimated to occur on February 8,
2006, such funds will be made available to RPO through a wire transfer to an
account designated by RPO, the receipt of which will constitute RPO's agreement
that HealthSpring's obligation, relating to the proposed warrant shall have been
satisfied in full.

Please indicate, through your signature below RPO's acceptance and agreement
with the terms as set forth herein.

Very truly yours,

/s/ Jeffrey L. Rothenberger

Jeffrey L. Rothenberger
Executive Vice President, Chief Operating Officer

ACKNOWLEDGED AND AGREED:

RENAISSANCE PHYSICIAN ORGANIZATION

By: /s/ John Bertini, MD
    -----------------------------------
John Bertini, MD
Chairman of the Board
Renaissance Physician Organization

                           44 Vantage Way, Suite 300
                           Nashville, Tennessee 37228
                                 (615)291-7000
                              (615) 401-4566 (Fax)

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