Document:

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                                Exhibit 10.4

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                        STORAGE AND THRUPUT AGREEMENT

         This Storage and Thruput Agreement ("AGREEMENT") is made effective
the 1st day of November, 2006 (the "EFFECTIVE DATE") between Center Point
Terminal Company, a Delaware corporation ("TERMINAL"), and FutureFuel
Chemical Company, a Delaware corporation formerly known as Eastman SE, Inc.
("CUSTOMER").

                                  RECITALS

         A. Terminal is the owner of storage facilities located at Little
Rock, Arkansas, Memphis, Tennessee and Port Allen, Louisiana (each a
"TERMINAL FACILITY" and collectively the "TERMINAL FACILITIES").

         B. Customer and Terminal desire to enter into this Agreement to
provide for the storage and handling of biodiesel (the "PRODUCT") at the
Terminal Facilities.

                                  AGREEMENT

         In consideration of the foregoing, the mutual covenants herein
contained and other good and valuable consideration (the receipt, adequacy
and sufficiency of which are hereby acknowledged by the parties by their
execution hereof), the parties agree as follows.

1. FACILITY. Terminal agrees to provide a safe area for the purpose of
loading or unloading storage tanks at the Terminal Facilities ("TANKS")
suitable for storage of biodiesel, biodiesel/petrodiesel blends, palm oil,
methanol and other biodiesel feedstocks ("PRODUCTS") in Terminal's
above-ground tankage at the Terminal Facilities. Terminal and Customer will
determine from time to time in accordance with Exhibit A the amount of
storage capacity required by Customer at each Terminal and the allocation of
such Tanks to Customer's Products, provided that the total capacity will not
exceed 250,000 barrels. Terminal further agrees to provide all suitable
terminal and related facilities required to safely perform all operations
contemplated to be performed by Terminal herein. All such facilities are to
be maintained in good working order by Terminal at its own cost and expense
at all times during the term of this Agreement.

2. OPERATIONS. Customer will deliver its Products to the Terminal Facilities
in bulk by tanker truck or barge or, in the case of the Port Allen Terminal
Facility, ship. Terminal will, in compliance with all applicable state,
federal and local laws and regulations, receive, store, handle and reship
such Products in accordance with Customer's reasonable requirements
submitted to Terminal by Customer in writing, and will tender such Products
to carriers for shipment as directed by Customer in writing. The receipt,
formulating, storage, handling, reshipment and related operations
contemplated hereunder will be conducted by or on behalf of Terminal in
accordance with generally accepted terminalling practices. Receipts will be
issued by Terminal to Customer for all Products delivered to Terminal by or
for Customer. All marine movements will be verified by a suitable
Independent Inspection Agency selected by Terminal and reasonably
satisfactory to Customer; the cost of such Agency will be borne by Customer.

3. TERM. The term of this Agreement runs for a period of two years
commencing with the Effective Date and expiring on October 31, 2008 (the
"INITIAL TERM"). This Agreement automatically renews itself after the end of
the Initial Term for successive one-year periods (the "RENEWAL TERMS")
unless either party hereto notifies the other party hereto in writing at
least 90 days prior to expiration of the Initial Term or the then current
Renewal Term, as applicable, of its intent to cancel this Agreement, in
which event this Agreement terminates at the end of the Initial Term or such
Renewal Term, as applicable.

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4. CHARGES. In consideration of the Tanks, other facilities and services to
be provided by Terminal to Customer hereunder, Customer agrees to pay
Terminal: (i) a monthly fee equal to $0.35 of shell capacity available for
Product thruput at each Terminal each month as determined in accordance with
Exhibit A; and (ii) fees for heating as generally charged by Terminal at
each of the Facilities; and (iii) fees for such other services as are
provided by Terminal to Customer and customarily charged to Terminal's other
customers at the Terminal Facilities.

5. TITLE. Title to all Products delivered by or for Customer to Terminal
remains in Customer's name.

6. INDEPENDENT CONTRACTOR. It is understood and agreed by the parties hereto
that Terminal, in performing the services hereunder, is acting as an
independent contractor and not as an agent of Customer.

7. INDEMNIFICATION.

   7.1. BY TERMINAL. Subject to Sections 7.3, 8, 9 and 11, and except as
otherwise provided in Section 12, Terminal hereby unconditionally,
irrevocably and absolutely agrees to protect, defend, indemnify and hold
harmless Customer and Customer's past, present and future officers,
directors, employees, agents, attorneys and representatives, and each of the
foregoing's successors and assigns (collectively the "CUSTOMER
INDEMNITEES"), from any and all manner of actions, suits, debts, sums of
money, interest owed, accounts, controversies, agreements, guaranties,
promises, undertakings, charges, damages, judgments, executions, obligations
and reasonably incurred costs, expenses and fees (including reasonable
attorneys' fees and court costs), counterclaims, claims, demands, causes of
action, liabilities, losses and amounts paid in settlement (collectively
"ADVERSE CONSEQUENCES") incurred, paid or sustained by any of the Customer
Indemnitees, in each case in connection with, arising out of, based upon,
relating to or otherwise involving the negligent or willful acts or
omissions on the part of Terminal, its employees, agents or contractors in
the performance of this Agreement.

   7.2. BY CUSTOMER. Subject to Sections 7.3, 9 and 11, and except as
otherwise provided in Section 12, Customer hereby unconditionally,
irrevocably and absolutely agrees to protect, defend, indemnify and hold
harmless Terminal and Terminal's past, present and future officers,
directors, employees, agents, attorneys and representatives, and each of the
foregoing's successors and assigns (collectively the "TERMINAL
INDEMNITEES"), from any and all Adverse Consequences incurred, paid or
sustained by any of the Terminal Indemnitees, in each case in connection
with, arising out of, based upon, relating to or otherwise involving: (i)
the negligent or willful acts or omissions on the part of Customer, its
employees, agents, or contractors (including any contractors transporting
Products to or from a Terminal Facility unless under the employ or under
contract to Terminal) in the performance of this Agreement; and (ii) the
receipt, formulating, storage, handling or reshipment of Customer's Products
pursuant to this Agreement.

   7.3. CONCURRENT FAULT. In the event that any Adverse Consequences are
caused in whole or in part by the concurrent negligent or willful acts or
omissions of Terminal, its employees, agents or contractors, on the one
hand, and Customer, its employees, agents or contractors, on the other hand,
then the obligation of the parties to indemnify under this Section 7 will be
comparative and each party will indemnify the other to the extent that such
party's act or omission (or the acts or omissions of such party's employees,
agents or contractors) was the cause of such injury, damage or death.

   7.4. CONTROL OF CLAIM. If any such action, suit or proceeding is
commenced against, or any such claim, demand or amount is assessed against,
any person in respect of which such person proposes to demand
indemnification hereunder (the "INDEMNITEE"), the person from whom the
Indemnitee is seeking indemnification hereunder (the "INDEMNITOR") is to be
notified to that effect with reasonable promptness.

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The Indemnitee is to control the defense of any such action, and may employ
counsel in defense thereof, all at Indemnitor's expense, unless and until
Indemnitor satisfies or otherwise settles such action and obtains a release
of the Indemnitee from the third party bringing such action, in a form
acceptable to the Indemnitee and his counsel.

8. LIMITATION ON LIABILITY. If loss or damage to any of Customer's Products
arises from any cause (including improper loading and unloading of
Customer's Products or actions not conforming to Customer's orders on the
part of Terminal, its employees, agents, or contractors), Terminal will not
be liable to Customer for more than the actual cost to Customer of any lost
or damaged Product, less salvage value. Terminal will not be responsible for
Adverse Consequences resulting from the loss or destruction of any of
Customer's Products except and to the extent that such loss or destruction
is caused by the negligence of Terminal, its employees, agents or invitees
(other than Customer or Customer's employees, agents or invitees). Terminal
will not be responsible for chemical deterioration of any of Customer's
Products resulting from the ordinary storage of Customer's Products at a
Terminal Facility. Terminal will have no liability to a Customer Indemnitee
unless a written claim is delivered to Terminal by the Customer Indemnitee
within four months after Terminal reports the alleged loss to the Customer
or the Customer discovers the alleged loss, whichever is earlier. Customer
may not make any deductions from any invoice presented by Terminal pending
the resolution of any claim. EXCEPT AS EXPRESSLY HEREIN PROVIDED, THERE ARE
NO GUARANTEES OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING ANY
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, WHETHER
ARISING BY OPERATION OF LAW OR OTHERWISE. Notwithstanding anything to the
contrary contained in this Agreement, Terminal will not have liability for
any reason whatsoever to Customer for evaporation, shrinkage or other loss
of Product in an amount equal to or less than .5% (one-half of one percent)
of the average volume of Customer's Products stored at the Terminal
Facilities for the relevant period of time.

9. INSURANCE.

   9.1. TERMINAL. Terminal agrees to provide and carry (or cause to be
provided and carried) the following insurance during the term of this
Agreement, at its expense and in forms and with insurance companies
reasonably acceptable to Customer:

        (i)   Statutory Workmen's Compensation and Employer's Liability
              Insurance with a minimum limit of the greater of $1,000,000
              per occurrence or the applicable amount required by state or
              federal laws;

        (ii)  Comprehensive General Liability Insurance as follows:

              (a) Bodily Injury Liability in an amount of not less than
                  $1,000,000 for injuries, including death, to any one
                  person in any one occurrence, and in an amount of not less
                  than $2,000,000.00 covering injuries, including death, to
                  more than one person in any one occurrence; and

              (b) Property Damage Liability in an amount of not less than
                  $1,000,000 covering damage to or destruction of property
                  in any one occurrence; and

        (iii) Fire and Extended Coverage to cover replacement value of the
              Terminal Facilities.

Terminal has no obligation under this Agreement to insure Customer's Product
and property or property of others.

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   9.2. CUSTOMER. Customer agrees to provide and carry (or cause to be
provided and carried) the following insurance during the term of this
Agreement (for itself and its subcontractors and third party carriers), at
its expense and in forms and with insurance companies reasonably acceptable
to Terminal:

        (i)   Statutory Workmen's Compensation and Employer's Liability
              Insurance with a minimum limit of the greater of $1,000,000
              per occurrence or the applicable amount required by state or
              federal laws;

        (ii)  Comprehensive General Liability Insurance as follows:

              (a) Bodily Injury Liability in an amount of not less than
                  $1,000,000 for injuries, including death, to any one
                  person in any one occurrence, and in an amount of not less
                  than $2,000,000.00 covering injuries, including death, to
                  more than one person in any one occurrence; and

              (b) Property Damage Liability in an amount of not less than
                  $1,000,000 covering damage to or destruction of property
                  in any one occurrence; and

        (iii) Comprehensive Automobile Liability Insurance with liability
              limits of $2,000,000 per occurrence for bodily injury and
              property damage.

The Commercial/Comprehensive General Liability insurance coverage required
to be carried by or on behalf of Customer must include Terminal as an
additional insured as its interest may appear. Other insurance, if desired
by Customer or Customer's contractors, must be carried by Customer or its
contractors at their own expense. If Customer carries any insurance on
Customer's Product or Customer's property, Customer must cause its insurance
carrier to endorse the policies to waive subrogation against Terminal. If
Customer is self-insured for losses to Customer's Product or Customer's
property, Customer hereby waives subrogation against Terminal. Copies of any
and all of the foregoing insurance policies and endorsements must be
furnished to Terminal upon request.

10. DEFAULT. If a party (the "DEFAULTING PARTY") fails to perform any of the
covenants or obligations of performance or payment imposed upon it under and
by virtue of this Agreement (except where such failure is excused under
other applicable provisions hereof), then in such event the other party (the
"NON-DEFAULTING PARTY") must give the Defaulting Party written notice
thereof, stating specifically the cause for which such notice of default is
given. The Non-Defaulting Party may cancel this Agreement (by written notice
to the Defaulting Party) without any further obligation and has the right to
collect any amount due it hereunder for any Adverse Consequences suffered by
it if: (i) the Defaulting Party fails to make payment within ten days after
receipt of notice of default in payment for charges; or (ii) within a period
of 30 days after receipt of notice of any other default hereunder the
Defaulting Party does not commence with diligence to remove and remedy the
default, fully indemnify the Non-Defaulting Party from any and all Adverse
Consequences resulting from such default and thereafter pursue and complete
removal of such default with diligence.

11. FORCE MAJEURE.

    11.1. EFFECT OF FORCE MAJEURE. If either party is rendered unable by force
majeure to perform or comply fully or in part with any obligation or
condition of the Agreement (other than the payment of money), the affected
party must give written notice to the other party of such force majeure
event within 48 hours after receiving notice of the occurrence of force
majeure event relied upon. In such event, both parties will be relieved of
liability and will suffer no prejudice for failure to perform their
obligations hereunder during such period, except for the obligations to make
payment of any and all charges for services provided pursuant to this
Agreement prior to the occurrence of such force majeure event (and any

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indemnification obligations hereunder). In addition, Terminal will have the
right to curtail storage space or allocate its supply of storage in a manner
which, in its sole discretion, is fair and reasonable in the circumstances,
and will not be obligated to obtain or purchase other storage space for
Customer and Customer will not hold Terminal responsible in any manner for
any losses or damages which Customer may claim as a result of any such
failure, curtailment or allocation by Terminal. Terminal will not be
required to make up any storage space not available as a result of any force
majeure event. In the event that the period of suspension under this Section
11.1 continues in excess of 30 calendar days, this Agreement may be canceled
with respect to the applicable Terminal Facility at the option of either
party, without liability of either party.

    11.2. DEFINITION. As used herein, the term "force majeure" includes, by
way of example and not in limitation, fire, acts of god, adverse weather,
navigational accidents, vessel damage or loss, accidents at or closing of a
navigational or transportation mechanism, strikes, grievances or actions by
or among workers, lock-outs or other labor disturbances, explosions or
accidents to wells, pipelines, storage depots, refinery facilities,
machinery and other facilities, actions of any government or by any person
purporting to represent a government, shortage, interruption or curtailment
of crude oil, acts of terrorists or other causes not reasonably within the
control of the affected party and which such party by the exercise of
reasonable diligence could not have prevented or overcome.

12. ENVIRONMENTAL MATTERS. In the event of any Product spill, discharge or
other casualty resulting in or having the potential to cause environmental
pollution in connection with the performance of this Agreement, Terminal
immediately may commence containment or clean-up operations as deemed
appropriate or necessary by Terminal or as required by any governmental
authority. Terminal will notify Customer immediately of the event and those
operations. Terminal will take commercially reasonable steps to keep
Customer advised of such plans and activities. Customer will have the right
to participate in the decisions and remedial activities being taken and, if
appropriate, promptly send response personnel to the site. If remedial
activities are required and the responsible party has not been identified,
the responsibilities for prompt payments for the remedial activities being
incurred, as well as initial response costs incurred by Terminal and
Customer will be shared equally between Customer and Terminal. The ultimate
apportionment between Customer and Terminal of all costs and other damages
occasioned by the occurrence will be determined in the following manner.

    (i)   If the occurrence was caused by the negligence of Terminal, its
          agent, employees, contractors or customers, Terminal will
          indemnify and hold Customer harmless as set forth in Section 7.1.

    (ii)  If the occurrence was caused by the negligence of Customer, its
          agents, contractors, customers (including vessels tendered by
          Customer and its customers), Customer will indemnify and hold
          Terminal harmless as set forth in Section 7.2.

    (iii) If the occurrence was caused by the negligence of both Terminal
          and Customer or the parties associated with them as defined above,
          the costs and damages will be shared ratably based upon the
          percentage of negligence attributable to each party as set forth
          in Section 7.3.

    (iv)  If the occurrence was caused by a third party either known or
          unknown in conjunction with the loading or unloading of Product,
          Customer and Terminal will cooperate and will equally share all
          costs related to the occurrence and the cost of recovering the
          damages from the third party or any available clean-up fund. If
          recovery is made, such recovery will be apportioned so as to
          equalize each party's share. If partial or no recovery is made,
          the loss will be shared equally.

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Terminal maintains capabilities to respond to emergency situations which may
include spill containment booms, oil absorbent material and, if applicable,
a boat at the terminal in readiness at all times. Emergency response teams
are trained from volunteer employees and training is up-dated and reinforced
on a regular basis. Terminal emergency procedures are set forth in
appropriate sections of the following documents: U.S. Coast Guard Dock
Operations Manual, EPA's Spill Prevention Control and Counter Measures Plan;
OSHA's Risk Assessment and Emergency Response Contingency Plan, as well as
the Oil Pollution Act of 1990 Manual for both the U.S. Coast Guard and EPA.
These plans are currently in place and are maintained on an up-to-date
basis. The provisions of this Section 12 are contractual in nature and apply
only within the content of this Agreement. Nothing herein is intended to nor
may be construed as establishing legal liabilities or responsibilities
between Customer or Terminal, on the one hand, and third-party or
governmental agencies, on the other hand.

13. REMOVAL OF PRODUCT. Immediately upon the termination of this Agreement
for any reason, Customer agrees to remove from the Terminal Facilities all
of its Product, supplies, equipment and other materials. Customer may waive
such right as to all or part of same, in which case, if accepted in writing
by Terminal at its sole option, the Product, supplies, equipment and other
materials so waived will become the property of Terminal; provided, however,
that in all cases Customer must clean or cause to be cleaned all the Tanks
and also is liable for and will pay all directly-related disposal costs. If
waste is generated on the Terminal Facility's premises as a result of the
Product's removal, Customer required flushings or transfer into pipeline,
then Terminal and Customer must mutually agree on an environmentally sound
method of disposal of waste in accordance with all applicable laws and
regulations. If the parties fail to agree to an environmentally sound method
for disposal of such waste within ten days following a proposal by Terminal,
then Terminal has the right to direct and carry out the disposal of such
waste in accordance with applicable laws and regulation, in its name or in
the name of Customer, all at Customer's sole cost and expense. Customer
agrees to pay the cost of such removal and disposal, including such costs or
charges as Terminal may be required to pay in regard to such waste,
including the cost of preparing and processing any documents in connection
therewith.

14. REGULATORY COMPLIANCE. Terminal agrees to notify (the "COMPLIANCE
NOTICE") Customer if, in order to comply with applicable laws or
governmental regulations or in order to prevent, reduce, control or monitor
any emission or discharge into the environment of any nature whatsoever, any
governmental or regulatory body initiates a requirement subsequent to the
Effective Date which causes Terminal to: (i) incur additional expense; (ii)
effect changes in the operation of a Terminal Facility; (iii) make any
addition to the improvements on a Terminal Facility; or (iv) change
Terminal's normal methods of operation. Such Compliance Notice must include
Terminal's estimate of Customer's share of the additional expense and of the
additional expense of making such changes or additions (the "COMPLIANCE
EXPENSE"). The estimate of Compliance Expense may only include Terminal's
estimate of the actual or pro-rata incremental cost of such additional
expense, change or additions (including engineering and overhead expense and
subsequent direct changes or additions attributable to the presence of
Customer at the Terminal Facility). On or before 30 days following delivery
of the Compliance Notice, Customer and Terminal agree to negotiate in good
faith to reach an agreement as to the amount and terms of payment of the
agreed-to amount of the Compliance Expense to be paid by Customer to
Terminal. The terms of payment must reasonably compensate Terminal for
financing the agreed-to amount of Compliance Expense in the event that the
terms of payment do not provide for Customer's complete and immediate
reimbursement of Terminal's actual cash expenditures. In the event Terminal
and Customer are unable to agree upon Customer's share of the Compliance
Expense, either party has the right to terminate this Agreement within 180
days of Terminal's delivery of the Compliance Notice to Customer.

15. AMENDMENT AND MODIFICATION. No amendment, modification, supplement,
termination, consent or waiver of any provision of this Agreement, nor
consent to any departure therefrom, will in any event be effective unless
the same is in writing and is signed by the party against whom enforcement
of the same is

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sought. Any waiver of any provision of this Agreement and any consent to any
departure from the terms of any provision of this Agreement is to be
effective only in the specific instance and for the specific purpose for
which given.

16. ASSIGNMENTS. Customer may not assign or transfer any of its rights or
obligations under this Agreement to any other person without the prior
written consent of Terminal, which consent may not be unreasonably withheld,
delayed or conditioned. Notwithstanding the preceding sentence, Customer may
without the prior consent of Terminal assign its rights under this Agreement
to: (i) any affiliate of Customer, but no such assignment relieves Customer
of any of its obligations under this Agreement; and (ii) an assignee who
acquires all or substantially all of Customer's assets (including by way of
a merger), but in the case of this clause (ii), Customer must give Terminal
prior written notice of such transfer and Terminal may, if it is not
satisfied with such transferee in its sole discretion, terminate this
Agreement within 30 days of receipt of notice of such transfer.

17. CAPTIONS. Captions contained in this Agreement have been inserted herein
only as a matter of convenience and in no way define, limit, extend or
describe the scope of this Agreement or the intent of any provision hereof.

18. CONFIDENTIALITY. Customer has confidential information, know-how and
technical data concerning formulae and methods of manufacturing the Products
handled hereunder, and mixtures thereof (collectively the "CONFIDENTIAL
INFORMATION"). Customer may from time to time make such Confidential
Information available to Terminal. Terminal agrees to maintain any
Confidential Information that it may receive from Customer confidential and
will not disclose such information to any person without the prior written
consent of Customer. However, Terminal may disclose such Confidential
Information: (i) to legal counsel of Terminal; (ii) to other professional
advisors of Terminal (but only if they have been informed of the
confidential nature of such Confidential Information and agree in writing to
be bound by the terms of this Section); (iii) to regulatory officials having
jurisdiction over Terminal; and (iv) as required by law or legal process or
in connection with any legal proceeding to which Terminal is a party or is
otherwise subject. In each such event (other than clause (i)), Terminal,
prior to such disclosure, is to inform Customer.

19. CONSTRUCTION. Unless the context of this Agreement clearly requires
otherwise: (i) references to the plural include the singular and vice versa;
(ii) references to any person include such person's successors and assigns
but, if applicable, only if such successors and assigns are permitted by
this Agreement; (iii) references to one gender include all genders; (iv)
"including" is not limiting; (v) "or" has the inclusive meaning represented
by the phrase "and/or"; (vi) the words "hereof", "herein", "hereby",
"hereunder" and similar terms in this Agreement refer to this Agreement as a
whole and not to any particular provision of this Agreement; (vii) section
and exhibit references are to this Agreement unless otherwise specified;
(viii) reference to any agreement (including this Agreement), document or
instrument means such agreement, document or instrument as amended or
modified and in effect from time to time in accordance with the terms
thereof and, if applicable, the terms hereof; and (ix) general or specific
references to any law mean such law as amended, modified, codified or
reenacted, in whole or in part, and in effect from time to time.

20. COUNTERPART FACSIMILE EXECUTION. For purposes of this Agreement, a
document (or signature page thereto) signed and transmitted by facsimile
machine or telecopier is to be treated as an original document. The
signature of any party thereon, for purposes hereof, is to be considered as
an original signature, and the document transmitted is to be considered to
have the same binding effect as an original signature on an original
document. At the request of any party, any facsimile or telecopy document is
to be re-executed in original form by the parties who executed the facsimile
or telecopy document. No party may raise the use of a facsimile machine or
telecopier or the fact that any signature was transmitted

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through the use of a facsimile or telecopier machine as a defense to the
enforcement of this Agreement or any amendment or other document executed in
compliance with this Section.

21. COUNTERPARTS. This Agreement may be executed by the parties on any
number of separate counterparts, and all such counterparts so executed
constitute one agreement binding on all the parties notwithstanding that all
the parties are not signatories to the same counterpart.

22. FAILURE OR DELAY. No failure on the part of any party to exercise, and
no delay in exercising, any right, power or privilege hereunder operates as
a waiver thereof; nor does any single or partial exercise of any right,
power or privilege hereunder preclude any other or further exercise thereof,
or the exercise of any other right, power or privilege. No notice to or
demand on any party in any case entitles such party to any other or further
notice or demand in similar or other circumstances.

23. GOVERNING LAW. This Agreement and the rights and obligations of the
parties hereunder are to be governed by and construed and interpreted in
accordance with the laws of the State of Missouri applicable to contracts
made and to be performed wholly within Missouri, without regard to choice or
conflict of laws rules.

24. LEGAL FEES. Except as otherwise provided herein, all legal and other
costs and expenses incurred in connection with this Agreement and the
transactions contemplated hereby are to be paid by the party incurring such
costs and expenses. In the event any party brings suit to construe or
enforce the terms hereof, or raises this Agreement as a defense in a suit
brought by another party, the prevailing party is entitled to recover its
attorneys' fees and expenses.

25. NOTICES. All notices, consents, requests, demands and other
communications hereunder are to be in writing, and are deemed to have been
duly given or made: (i) when delivered in person; (ii) three days after
deposited in the United States mail, first class postage prepaid; (iii) in
the case of telegraph or overnight courier services, one business day after
delivery to the telegraph company or overnight courier service with payment
provided for; (iv) in the case of telex or telecopy or fax, when sent,
verification received; or (v) in the case of electronic transmission such as
e-mail, when sent; in each case addressed as follows:

                  if to Customer:

                           FutureFuel Chemical Company
                           2800 Gap Road
                           State Highway 394 South
                           Batesville, Arkansas 72501-9680
                           Attn: President
                           Fax #: (870) 698-5303

                  if to Terminal:

                           Center Point Terminal Company
                           8235 Forsyth Blvd., Suite 400
                           St. Louis, Missouri 63105
                           Attn: President
                           Fax #: (314) 854-8539

or to such other address as any party may designate by notice to the other
party in accordance with the terms of this Section.

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26. REMEDIES CUMULATIVE. Each and every right granted hereunder and the
remedies provided for under this Agreement are cumulative and are not
exclusive of any remedies or rights that may be available to any party at
law, in equity or otherwise.

27. SEVERABILITY. Any provision of this Agreement which is prohibited,
unenforceable or not authorized in any jurisdiction is, as to such
jurisdiction, ineffective to the extent of any such prohibition,
unenforceability or nonauthorization without invalidating the remaining
provisions hereof, or affecting the validity, enforceability or legality of
such provision in any other jurisdiction, unless the ineffectiveness of such
provision would result in such a material change as to cause completion of
the transactions contemplated hereby to be unreasonable.

28. SUCCESSORS AND ASSIGNS. All provisions of this Agreement are binding
upon, inure to the benefit of and are enforceable by or against the parties
and their respective permitted successors and assigns.

29. THIRD-PARTY BENEFICIARY. This Agreement is solely for the benefit of the
parties and their respective successors and permitted assigns, and no other
person has any right, benefit, priority or interest under or because of the
existence of this Agreement.

                          CENTER POINT TERMINAL COMPANY

                          By: /s/ Christopher J. Schmidt
                              -------------------------------------------------
                                  Christopher J. Schmidt, Assistant Secretary

                          FUTUREFUEL CHEMICAL COMPANY

                          By: /s/ Randall W. Powell          10/30/06
                              ----------------------------------------
                                  Randal W. Powell, President

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                                  EXHIBIT A
                              STORAGE CAPACITY

Terminal will initially provide to Customer a 45,000 barrel tank at the
Little Rocker Terminal Facility and the initial fee will be based upon
45,000 barrels of shell capacity availability.

From time to time, Terminal and Customer may agree on additional tanks to be
allocated to Customer at each of the Terminal Facilities, in which case the
monthly fee will be adjusted to include such additional tanks.<PAGE>

                                Exhibit 10.5

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                     COMMODITY TRADING ADVISOR AGREEMENT

         This Commodity Trading Advisor Agreement ("AGREEMENT") is made this
1st day of November, 2006 between FutureFuel Chemical Company, a Delaware
corporation formerly known as Eastman SE, Inc. ("CLIENT"), and Apex Oil
Company, Inc., a Missouri corporation ("ADVISER").

                                  RECITALS

         A. Client is in the business of producing biofuels (biodiesel,
bioethanol and lignin/biomass solid fuels) and biobased specialty products
(biobased lubricants, solvents and intermediates) (the "BUSINESS").

         B. In connection with its Business, Client needs to acquire
substantial quantities of feedstocks and diesel products and needs to hedge
its feedstocks and finished products and requires advice with respect to
such activities.

         C. Adviser has expertise in the acquisition of feedstocks and the
hedging of various commodities and is willing to provide advice to Client
with respect to such matters on the terms set forth herein.

                                  AGREEMENT

            In consideration of the foregoing, the mutual covenants
herein contained and other good and valuable consideration (the receipt,
adequacy and sufficiency of which are hereby acknowledged by the parties by
their execution hereof), the parties agree as follows.

1. COMMODITY TRADING ADVISER. Client hereby employs Adviser, and Adviser
agrees to serve, as a commodity trading adviser for Client on the following
terms and subject to the following conditions.2. COMMODITY TRADING ADVICE.
Adviser hereby agrees to advise Client with respect to the purchase, sale,
exchange, conversion or hedging of commodities as Client may request from
time to time. For purposes of this Agreement, the term "commodity" includes:
(i) any and all feedstocks that Client uses in the operation of the
Business, including fats and oils (including lard, tallow, cottonseed oil,
peanut oil, soybean oil, palm oil and all other fats and oils), cottonseed
meal, cottonseed, soybeans, soybean meal, livestock and livestock products
and methanol; (ii) diesel fuel, heating oil, gasoline and ethanol; (iii)
biofuels, including biodiesel and bioethanol, and co-products from biofuels,
including glycerin; and (iv) pour-point depressants, color stabilizers and
other petroleum products. Such advice will also include advice as to
contracts of sale for commodities and as to options for commodities. For
purposes of this Agreement, the term "contract of sale" includes sales,
agreements of sale and agreements to sell, and the term "option" means an
agreement, contract or transaction that is of the character of, or is
commonly known to the trade as, an "option", "privilege", "indemnity",
"bid", "offer", "put", "call", "advance guaranty", or "decline guaranty".

3. POWER OF ATTORNEY. Client hereby grants to Adviser a power of attorney,
and hereby appoints Adviser as Client's agent with full power and authority,
to enter into contracts of sale for the purchase or sale of commodities and
options on commodities and the leasing of rail cars. Adviser will exercise
this power of attorney and authority only in accordance with objectives set
forth by Client from time to time. Adviser's authority will include the
authority:

   (i)  to give instructions for commodity transactions, including the
        buying and selling of commodities and options with respect to
        commodities; and

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<PAGE>

   (ii) to make, execute, and deliver any and all contracts of sale and
        written instruments of assignment and transfer and to take any and
        all actions necessary or proper to effectuate the authority hereby
        conferred.

Adviser is expressly not authorized hereby to exercise the following powers:

   (a)  to withdraw, acquire possession of or direct the disbursement of
        assets held in any account maintained on behalf of Client;

   (b)  to trade securities as such term is defined in the Securities Act of
        1933, as amended (the "SECURITIES ACT"); or

   (c)  to make filings and disclosures under federal and state securities
        and other laws and regulations.

Whenever this Agreement or Exhibit B is attached to any instrument of
assignment and transfer, all persons are entitled, without further inquiry
or investigation and regardless of the date of such authorization, to act in
reliance upon the assumption that the commodities or options named in such
instrument were theretofore duly and properly transferred, endorsed, sold,
assigned, set over and delivered, and that with respect to such instrument
the authority conferred herein is still in full force and effect. This
authorization and power of attorney will remain effective until Client has
revoked it by written notice delivered personally or sent by registered or
certified mail to Adviser. Such revocation will not affect Client's
obligations resulting from transactions initiated prior to receipt of such
written notice.

4. FEES. As compensation for Adviser's adviser services provided to Client
hereunder and for Adviser exercising the authority granted to Adviser under
Section 3, Client will pay Adviser a fee equal to $10,000 per month. Such
fee is payable within ten days of receipt of invoice.

5. REPORTS. Adviser will prepare such reports, including daily position
reports, with respect to any activities conducted by it on Client's behalf
under this Agreement. Such reports are to be in such forms, and be prepared
with such frequency, as Client may reasonably request from time to time.

6. TERMINATION. This Agreement may be terminated by either party at any time
upon written notice. In the event of such termination, Client will owe
Adviser a pro rata portion of the fees specified in Section 4, calculated to
the date of termination

7. STANDARD OF CARE. The parties agree that the sole standard of care
imposed on Adviser by this Agreement is to act with the care, prudence and
diligence under the circumstances then prevailing that a prudent man acting
in a like capacity and familiar with such matters would use in the conduct
of an enterprise of like character and with like aims; provided, however,
that nothing in this Agreement will be deemed to limit any responsibility or
liability that Adviser may have to Client to the extent such limitation
would be inconsistent with applicable laws, including the Securities Act,
the Securities Exchange Act of 1934, as amended, the Investment Adviser Act
or the Commodity Exchange Act.

8. RESTRICTIONS ON ADVISER'S AUTHORITY. Except pursuant to an exemption
under the Commodity Exchange Act or any rule or regulation promulgated
thereunder, Adviser will not pursuant to Section 3 offer on behalf of Client
to enter into, enter into, execute or confirm the execution of a contract
for the purchase or sale of a commodity for future delivery (other than a
contract which is made on or subject to the rules of a board of trade,
exchange, or market located outside the United States, its territories or
possessions) unless: (i) such transaction is conducted on or subject to the
rules of a board of trade which has been designated or registered by the
Commodity Futures Trading Commission (the "COMMISSION") as a contract market
or derivatives transaction execution facility for such commodity; (ii) such
contract is

                                     2

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executed or consummated by or through a contract market; and (iii) such
contract is evidenced by a record in writing which shows the date, the
parties to such contract and their addresses, the property covered and its
price, and the terms of delivery. The foregoing restriction does not apply
to transactions or positions which are bona fide hedging transactions or
positions as such terms are defined by the Commission.

9. NO REGISTRATION. Adviser hereby advises Client, and Client hereby
acknowledges, that neither Adviser nor any of Adviser's employees are
registered under the Commodity Exchange Act as a commodity trading adviser
(as such term is defined in the Commodity Exchange Act) in that, during the
course of the twelve months preceding the date of this Agreement, Adviser
has not furnished commodity trading advice to more than fifteen persons and
does not hold itself out generally to the public as a commodity trading
advisor.

10. NO APPROVAL BY THE UNITED STATES. Client acknowledges that Adviser has
not been sponsored, recommended or approved, and that Adviser's abilities or
qualifications have not in any respect been passed upon, by the United
States or any agency or officer thereof.

11. DISCLOSURE DOCUMENT. Client hereby acknowledges receipt of the
Disclosure Document attached hereto as Exhibit A.

12. AMENDMENT AND MODIFICATION. No amendment, modification, supplement,
termination, consent or waiver of any provision of this Agreement, nor
consent to any departure therefrom, will in any event be effective unless
the same is in writing and is signed by the party against whom enforcement
of the same is sought. Any waiver of any provision of this Agreement and any
consent to any departure from the terms of any provision of this Agreement
is to be effective only in the specific instance and for the specific
purpose for which given.

13. ASSIGNMENTS. No party may assign or transfer (voluntarily or
involuntarily, by operation of law (including by merger or consolidation),
judicial decree or otherwise) any of its rights or obligations under this
Agreement to any other person without the prior written consent of the other
parties.

14. CAPTIONS. Captions contained in this Agreement have been inserted herein
only as a matter of convenience and in no way define, limit, extend or
describe the scope of this Agreement or the intent of any provision hereof.

15. CONFIDENTIALITY. Each party agrees to maintain any confidential
information that it may receive from the other parties confidential and may
not disclose such information to any person without the prior written
consent of the party originally furnishing such confidential information.
However, a party may disclose such confidential information (the "DISCLOSING
PARTY"): (i) to legal counsel of the Disclosing Party; (ii) to other
professional advisors of the Disclosing Party (but only if they have been
informed of the confidential nature of such confidential information and
agree in writing to be bound by the terms of this Section); (iii) to
regulatory officials having jurisdiction over the Disclosing Party; and (iv)
as required by law or legal process or in connection with any legal
proceeding to which the Disclosing Party is a party or is otherwise subject.
In each such event (other than clause (i)), the Disclosing Party, prior to
such disclosure, is to inform the party originally furnishing such
confidential information.

16. CONSTRUCTION. Unless the context of this Agreement clearly requires
otherwise: (i) references to the plural include the singular and vice versa;
(ii) references to any person include such person's successors and assigns
but, if applicable, only if such successors and assigns are permitted by
this Agreement; (iii) references to one gender include all genders; (iv)
"including" is not limiting; (v) "or" has the inclusive meaning represented
by the phrase "and/or"; (vi) the words "hereof", "herein", "hereby",
"hereunder" and similar terms in this Agreement refer to this Agreement as a
whole and not to any

                                     3

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<PAGE>

particular provision of this Agreement; (vii) section and Exhibit references
are to this Agreement unless otherwise specified; (viii) reference to any
agreement (including this Agreement), document or instrument means such
agreement, document or instrument as amended or modified and in effect from
time to time in accordance with the terms thereof and, if applicable, the
terms hereof; and (ix) general or specific references to any law mean such
law as amended, modified, codified or reenacted, in whole or in part, and in
effect from time to time.

17. COUNTERPART FACSIMILE EXECUTION. For purposes of this Agreement, a
document (or signature page thereto) signed and transmitted by facsimile
machine or telecopier is to be treated as an original document. The
signature of any party thereon, for purposes hereof, is to be considered as
an original signature, and the document transmitted is to be considered to
have the same binding effect as an original signature on an original
document. At the request of any party, any facsimile or telecopy document is
to be re-executed in original form by the parties who executed the facsimile
or telecopy document. No party may raise the use of a facsimile machine or
telecopier or the fact that any signature was transmitted through the use of
a facsimile or telecopier machine as a defense to the enforcement of this
Agreement or any amendment or other document executed in compliance with
this Section.

18. COUNTERPARTS. This Agreement may be executed by the parties on any
number of separate counterparts, and all such counterparts so executed
constitute one agreement binding on all the parties notwithstanding that all
the parties are not signatories to the same counterpart.

19. EXHIBITS. All of the Exhibits attached to this Agreement are deemed
incorporated herein by reference.

20. FAILURE OR DELAY. No failure on the part of any party to exercise, and
no delay in exercising, any right, power or privilege hereunder operates as
a waiver thereof; nor does any single or partial exercise of any right,
power or privilege hereunder preclude any other or further exercise thereof,
or the exercise of any other right, power or privilege. No notice to or
demand on any party in any case entitles such party to any other or further
notice or demand in similar or other circumstances.

21. FURTHER ASSURANCES. The parties will execute and deliver such further
instruments and do such further acts and things as may be required to carry
out the intent and purpose of this Agreement.

22. GOVERNING LAW. This Agreement and the rights and obligations of the
parties hereunder are to be governed by and construed and interpreted in
accordance with the laws of the State of Missouri applicable to contracts
made and to be performed wholly within Missouri, without regard to choice or
conflict of laws rules.

23. LEGAL FEES. Except as otherwise provided herein, all legal and other
costs and expenses incurred in connection with this Agreement and the
transactions contemplated hereby are to be paid by the party incurring such
costs and expenses. In the event any party brings suit to construe or
enforce the terms hereof, or raises this Agreement as a defense in a suit
brought by another party, the prevailing party is entitled to recover its
attorneys' fees and expenses.

24. NO JOINT VENTURE OR PARTNERSHIP. The parties agree that nothing
contained herein is to be construed as making the parties joint venturers or
partners.

25. SEVERABILITY. Any provision of this Agreement which is prohibited,
unenforceable or not authorized in any jurisdiction is, as to such
jurisdiction, ineffective to the extent of any such prohibition,
unenforceability or nonauthorization without invalidating the remaining
provisions hereof, or affecting the validity, enforceability or legality of
such provision in any other jurisdiction, unless the

                                     4

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<PAGE>

ineffectiveness of such provision would result in such a material change as
to cause completion of the transactions contemplated hereby to be
unreasonable.

26. SUCCESSORS AND ASSIGNS. All provisions of this Agreement are binding
upon, inure to the benefit of and are enforceable by or against the parties
and their respective heirs, executors, administrators or other legal
representatives and permitted successors and assigns.

27. THIRD-PARTY BENEFICIARY. This Agreement is solely for the benefit of the
parties and their respective successors and permitted assigns, and no other
person has any right, benefit, priority or interest under or because of the
existence of this Agreement.

                               APEX OIL COMPANY, INC.

                               By: /s/ Douglas D. Hommert
                                   -------------------------------------------
                                       Douglas D. Hommert, Executive Vice
                                       President

                               FUTUREFUEL CHEMICAL COMPANY

                               By: /s/ Randall W. Powell          10/30/06
                                   -------------------------------------------
                                       Randall W. Powell, President

                                     5

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                                  EXHIBIT A

                            DISCLOSURE STATEMENT

         Although the giving of commodity trading advice is not the
principal business activity of Apex Oil Company, Inc. ("APEX"), Apex is
giving to FutureFuel Chemical Company ("FUTUREFUEL", "YOU" or "YOUR") this
Disclosure Statement.

THE COMMODITY FUTURES TRADING COMMISSION ("COMMISSION") HAS NOT PASSED UPON
THE MERITS OF PARTICIPATING IN THIS TRADING PROGRAM NOR HAS THE COMMISSION
PASSED ON THE ADEQUACY OR ACCURACY OF THIS DISCLOSURE STATEMENT.

THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. YOU SHOULD
THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN
LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO
AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE
FOLLOWING.

(1)      IF YOU PURCHASE A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF
         THE PREMIUM AND OF ALL TRANSACTION COSTS.

(2)      IF YOU PURCHASE OR SELL A COMMODITY FUTURE OR SELL A COMMODITY
         OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS
         AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR BROKER TO
         ESTABLISH OR MAINTAIN YOUR POSITION. IF THE MARKET MOVES AGAINST
         YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A
         SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN FUNDS, ON SHORT NOTICE, IN
         ORDER TO MAINTAIN YOUR POSITION. IF YOU DO NOT PROVIDE THE REQUIRED
         FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED
         AT A LOSS, AND YOU WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR
         ACCOUNT.

(3)      UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR
         IMPOSSIBLE TO LIQUIDATE A POSITION. THIS CAN OCCUR, FOR EXAMPLE,
         WHEN THE MARKET MAKES A "LIMIT MOVE."

(4)      THE PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR,
         SUCH AS A "STOP-LOSS" OR "STOP-LIMIT" ORDER, WILL NOT NECESSARILY
         LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS
         MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.

(5)      A "SPREAD" POSITION MAY NOT BE LESS RISKY THAN A SIMPLE "LONG" OR
         "SHORT" POSITION.

(6)      THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY
         TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF
         LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.

IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES
FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS
THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING

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PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE COMMODITY
TRADING ADVISER AGREEMENT TO WHICH THIS DISCLOSURE DOCUMENT IS ATTACHED
CONTAINS A COMPLETE DESCRIPTION OF EACH FEE TO BE CHARGED TO YOU BY APEX.

THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT
ASPECTS OF THE COMMODITY MARKETS. YOU SHOULD THEREFORE CAREFULLY STUDY THIS
DISCLOSURE DOCUMENT AND COMMODITY TRADING BEFORE YOU TRADE.

FOREIGN FUTURES AND FOREIGN OPTIONS
-----------------------------------

THE RISK OF LOSS IN TRADING FOREIGN FUTURES AND FOREIGN OPTIONS CAN BE
SUBSTANTIAL. THEREFORE, YOU SHOULD CAREFULLY CONSIDER WHETHER SUCH TRADING
IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING
WHETHER TO TRADE FOREIGN FUTURES OR FOREIGN OPTIONS, YOU SHOULD BE AWARE OF
THE FOLLOWING.

(1)      PARTICIPATION IN FOREIGN FUTURES AND FOREIGN OPTIONS TRANSACTIONS
         INVOLVES THE EXECUTION AND CLEARING OF TRADES ON OR SUBJECT TO THE
         RULES OF A FOREIGN BOARD OF TRADE.

(2)      NEITHER THE COMMISSION, THE NATIONAL FUTURES ASSOCIATION NOR ANY
         DOMESTIC EXCHANGE REGULATES ACTIVITIES OF ANY FOREIGN BOARDS OF
         TRADE, INCLUDING THE EXECUTION, DELIVERY AND CLEARING OF
         TRANSACTIONS, OR HAS THE POWER TO COMPEL ENFORCEMENT OF THE RULES
         OF A FOREIGN BOARD OF TRADE OR ANY APPLICABLE FOREIGN LAWS.
         GENERALLY, THE FOREIGN TRANSACTION WILL BE GOVERNED BY APPLICABLE
         FOREIGN LAW. THIS IS TRUE EVEN IF THE EXCHANGE IS FORMALLY LINKED
         TO A DOMESTIC MARKET SO THAT A POSITION TAKEN ON THE MARKET MAY BE
         LIQUIDATED BY A TRANSACTION ON ANOTHER MARKET. MOREOVER, SUCH LAWS
         OR REGULATIONS WILL VARY DEPENDING ON THE FOREIGN COUNTRY IN WHICH
         THE FOREIGN FUTURES OR FOREIGN OPTIONS TRANSACTION OCCURS.

(3)      FOR THESE REASONS, YOU MAY NOT BE AFFORDED CERTAIN OF THE
         PROTECTIVE MEASURES PROVIDED BY THE COMMODITY EXCHANGE ACT, THE
         COMMISSION'S REGULATIONS OR THE RULES OF THE NATIONAL FUTURES
         ASSOCIATION AND ANY DOMESTIC EXCHANGE, INCLUDING THE RIGHT TO USE
         REPARATIONS PROCEEDINGS BEFORE THE COMMISSION AND ARBITRATION
         PROCEEDINGS PROVIDED BY THE NATIONAL FUTURES ASSOCIATION OR ANY
         DOMESTIC FUTURES EXCHANGE. IN PARTICULAR, FUNDS RECEIVED FROM
         CUSTOMERS FOR FOREIGN FUTURES OR FOREIGN OPTIONS TRANSACTIONS MAY
         NOT BE PROVIDED THE SAME PROTECTIONS AS FUNDS RECEIVED IN RESPECT
         OF TRANSACTIONS ON UNITED STATES FUTURES EXCHANGES. THEREFORE, YOU
         SHOULD OBTAIN AS MUCH INFORMATION AS POSSIBLE FROM APEX CONCERNING
         THE FOREIGN RULES WHICH WILL APPLY TO YOUR PARTICULAR TRANSACTION.

(4)      YOU SHOULD ALSO BE AWARE THAT THE PRICE OF ANY FOREIGN FUTURES OR
         FOREIGN OPTIONS CONTRACT AND, THEREFORE, THE POTENTIAL PROFIT AND
         LOSS THEREON, MAY BE AFFECTED BY ANY VARIANCE IN THE FOREIGN
         EXCHANGE RATE BETWEEN THE TIME YOUR ORDER IS PLACED AND THE TIME IT
         IS LIQUIDATED, OFFSET OR EXERCISED.

                                     2

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You should be aware of the following disclosures and considerations, which
relate specifically to Apex.

(1)      Apex is a Missouri corporation that is not registered with the
         Commission as a commodity trading advisor. The address and
         telephone number of Apex's business office are:

                  Apex Oil Company, Inc.
                  8235 Forsyth Blvd., 4th Floor
                  Clayton, Missouri 63105
                  (314) 889-9600

         Jeff Call and Tim Duehren are the primary employees of Apex who
         will be performing the services for you under the Agreement.

         Jeff Call has spent the last 28 years with Apex and/or its
         affiliates buying, selling and scheduling petroleum products via
         truck, pipeline, rail, barge and tankers, and has engaged in risk
         management with respect to petroleum products via swaps, futures
         and options.

         Tim Duehren has spent the last 26 years with Apex and/or its
         affiliates buying, selling and scheduling petroleum products via
         truck, pipeline, rail, barge and tankers, and has engaged in risk
         management with respect to petroleum products via swaps, futures
         and options.

(2)      The Commission requires a commodity trading advisor to disclose to
         prospective clients the actual performance record of all accounts
         for which the trading advisor and its principals have had the
         authority to cause transactions to be effected without clients'
         specific authorization. You should note that this trading advisor
         and its principals previously have not had such authority.

(3)      You should be aware of the following actual or potential conflicts
         of interest.

         Apex will devote so much of its time to your activities as Apex
         deems necessary. Apex is not restricted from entering into
         additional advisory relationships or from engaging in other
         business activities, even though such activities may be in
         competition with your affairs or may involve substantial time and
         resources of Apex. Apex is currently engaged buying, selling,
         trading, storage and distribution of petroleum and petroleum
         products, among other things.

         Apex may purchase commodities or options from or sell commodities
         or options to you or your affiliates. Such commodities and options
         are intended to be priced at published or listed rates plus
         applicable location differentials.

         Apex will trade in commodity interests for its own account.

(4)      There have been no material administrative, civil or criminal
         actions against Apex or any of the principals of Apex within the
         five-year period preceding the date of the Agreement.

(5)      Additional Risk Factors.

         Volatility and Leverage. Commodity futures prices can be highly
         -----------------------
         volatile. Because of the low margin deposits normally required in
         futures trading, an extremely high degree of leverage is typical of
         a futures trading account. As a result, a relatively small price
         movement in a futures contract may result in substantial losses to
         the investor. Like other leveraged investments, a futures
         transaction may result in losses in excess of the amount invested.

         Daily Price Fluctuation Limits. Commodity exchanges limit
         ------------------------------
         fluctuation in commodity futures contract prices during a single
         day. During a single trading day, no trades may be executed at

                                     3

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         prices beyond the "daily limit." Once the price of a future
         contract for a particular commodity has increased or decreased by
         an amount equal to the daily limit, positions in the commodity can
         neither be taken nor liquidated unless traders are willing to
         effect trades at or within the limit. Futures prices have
         occasionally moved the daily limit for several consecutive days
         with little or no trading. Similar occurrences could prevent
         clients from promptly liquidating unfavorable positions and subject
         clients to substantial losses.

         Speculative Nature of Commodity Futures Trading. Commodity futures
         -----------------------------------------------
         trading is speculative. Price movements of commodity futures
         contracts are influenced by, among other things, changing supply
         and demand relationships, governmental, agricultural and trade
         programs and policies and national and international political and
         economic events. Changing crop prospects occasioned by unexpected
         weather or damage by insects and plant diseases make it difficult
         to forecast supplies of agricultural commodities. Similarly, demand
         is also difficult to forecast due to such factors as variable world
         production patterns, unexpected purchases by foreign countries and
         continued changes in domestic needs.

         Commodity Trading Strategies. The two principal strategies used in
         ----------------------------
         commodity trading are "trend-following" systems and "fundamental"
         trading strategies. Trend-following technical strategies seek to
         take into account certain "technical" factors in identifying price
         trends. The buy and sell signals generated by a technical trading
         system are not based on analysis of fundamental supply and demand
         factors, general economic factors or anticipated world events, but
         generally upon actual daily, weekly and monthly price fluctuations,
         volume variations and changes in open interest. The profitability
         of any technical trading strategy depends upon occurrence of major
         price moves or trends in some commodities. In the past, there have
         been periods without discernible trends, and presumably similar
         periods will occur in the future. Any factor that may lessen the
         prospect of major trends in the future (such as increased
         governmental control of the markets) may reduce the prospect that
         any technical trading strategy will be profitable in the future.
         Commodity trading strategies employing trend-following timing
         signals, based exclusively on technical analysis, are used by many
         traders. If too many traders follow very similar strategies, a
         bunching of buy and sell orders could occur. Fundamental analysis
         attempts to examine factors that affect the supply and demand for a
         particular commodity in order to predict future prices. Such
         analysis may not result in profitable trading because the analyst
         may not have knowledge of all of the pertinent factors affecting
         supply and demand. Prices may often be affected by unrelated
         factors and purely fundamental analysis may not enable the trader
         to determine quickly that his previous decisions were incorrect.

THE FOREGOING LIST OF RISK FACTORS DOES NOT PURPORT TO BE A COMPLETE
EXPLANATION OF THE RISKS INVOLVED IN COMMODITY TRADING.

                                     4

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                                  EXHIBIT B

                   CONFIRMATION OF DELEGATION OF AUTHORITY

         THIS CONFIRMATION OF DELEGATION OF AUTHORITY is made the 1st day of
November, 2006, between APEX OIL COMPANY, INC., a Missouri corporation
("Advisor") and FUTUREFUEL CHEMICAL COMPANY, a Delaware corporation
("FFCC"). Advisor and FFCC are referred to herein individually, as a "Party"
and collectively, as the "Parties".

                                  RECITALS

         A. Pursuant to a Commodity Trading Advisor Agreement between
Advisor and FFCC entered as of the date hereof ("Advisor Agreement"),
Advisor has agreed to advise FFCC in connection with commodity trading
transactions and railcar leasing and FFCC has granted Advisor a power of
attorney to enter into commodity contracts and railcar leases on behalf of
FFCC.

         B. The Parties desire to memorialize in writing the delegation of
authority and power of attorney granted by FFCC under the Advisor Agreement.

                                  AGREEMENT

         In consideration of the foregoing, the mutual covenants herein
contained and other good and valuable consideration (the receipt, adequacy
and sufficiency of which are hereby acknowledged by the parties by their
execution hereof), the Parties agree as follows.

1. APPOINTMENT. FFCC confirms its appointment of Advisor via power of
attorney, as FFCC's agent and advisor with respect to contracts for the
purchase or sale of commodities and options on commodities and the leasing
of rail cars; provided, however, that FFCC shall at all times and in all
events retain the right to act on its own behalf on any matter.

2. EXTENT OF AUTHORITY. Advisor's authority includes authority to (i) give
instructions for commodity transactions and the leasing of rail cars,
including the buying and selling of commodities and options with respect to
commodities, and (ii) to make, execute, and deliver any and all contracts of
sale, leases and written instruments of assignment and transfer and to take
any and all actions necessary or proper to effectuate such transactions.

3. AUTHORITY TO CONTRACT. Advisor shall have and is authorized to represent
itself as having, full authority and power to make contracts and legal
commitments in the name of and binding on FFCC which are for the purchase or
sale of commodities, options on commodities or the leasing of rail cars.

4. TERM. This delegation of authority shall be effective as of the date
hereof, and continue in effect until terminated by FFCC or Advisor in
accordance with the terms of the Advisor Agreement.

5. COMPLIANCE WITH LAWS. Advisor shall conduct all of its activities on
behalf of FFCC in accordance with all applicable laws and all terms of the
Advisor Agreement.

APEX OIL COMPANY, INC.               FUTUREFUEL CHEMICAL COMPANY

By: /s/ Douglas D. Hommert           By: /s/ Randall W. Powell        10/30/06
    -----------------------------        -------------------------------------
    Douglas D. Hommert,                  Randall W. Powell,
    Executive V. P.                      President

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