Document:

IRREVOCABLE
      TRANSFER AGENT INSTRUCTIONS

    

    March
      13,
      2007

    

    

    
      	
              Integrity
                Stock Transfer

            
	
              2920
                N. Green Valley Parkway

            
	
              Building
                5 - Suite 527

            
	
              Henderson,
                NV  89014

            

    

    

    RE: NEWGEN
      TECHNOLOGIES, INC.

    

    Ladies
      and Gentlemen:

     

    Reference
      is made to that certain Securities Purchase Agreement (the “Securities
      Purchase Agreement”)
      of
      even date herewith by and between NewGen Technologies, Inc., a Nevada
      corporation (the “Company”),
      and
      the Buyers set forth on Schedule I attached thereto (collectively the
“Buyers”)
      and
      those certain Pledge and Escrow Agreements (the “Pledge
      Agreements”)
      dated
      January 23, 2006 among the Company, S. Bruce Wunner, Ian Williamson, Cliff
      Hazel
      and Scott Deininger, the Buyers and David Gonzalez, as escrow agent (the
“Escrow
      Agent”).
      Pursuant to the Securities Purchase Agreement, the Company shall sell to the
      Buyers, an the Buyers shall purchase from the Company, convertible debentures
      (collectively, the “Debentures”)
      in the
      aggregate principal amount of One Million Two Hundred Fifty Thousand Dollars
      ($1,250,000), plus accrued interest, which are convertible into shares of the
      Company’s common stock, par value $0.001 per share (the “Common
      Stock”),
      at
      the Buyers discretion. These instructions relate to the following stock or
      proposed stock issuances or transfers:

     

    
      	 	
              1.

            	
              Shares
                of Common Stock to be issued to the Buyers upon conversion of the
                Debentures (“Conversion
                Shares”)
                plus the shares of Common Stock to be issued to the Buyers upon conversion
                of accrued interest and liquidated damages into Common Stock (the
                “Interest
                Shares”).
                

            

    

     

    
      	 	
              2.

            	
              S.
                Bruce Wunner, Ian Williamson and Cliff Hazel, have delivered a stock
                certificates representing 214,916, 5,116,433, and 5,000,000 shares,
                respectively, (the “Escrowed
                Shares”)
                of the Company’s Common Stock, in their respective names, that have been
                delivered to the Escrow Agent pursuant to the Pledge Agreements.
                

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    This
      letter shall serve as our irrevocable authorization and direction to Integrity
      Stock Transfer 
      (the
“Transfer
      Agent”)
      to do
      the following:

     

    
      	 	
              1.

            	
              Conversion
                Shares.
                

            

    

     

    
      	 	
              a.

            	
              Instructions
                Applicable to Transfer Agent.
                With respect to the Conversion Shares and the Interest Shares, the
                Transfer Agent shall issue the Conversion Shares and the Interest
                Shares
                to the Buyers from time to time upon delivery to the Transfer Agent
                of a
                properly completed and duly executed Conversion Notice (the “Conversion
                Notice”)
                in the form attached as Exhibit A to the Debentures, delivered to
                the
                Transfer Agent by the Escrow Agent on behalf of the Company. Upon
                receipt
                of a Conversion Notice the Transfer Agent shall within three (3)
                Trading
                Days thereafter (i) issue and surrender to a common carrier for overnight
                delivery to the address as specified in the Conversion Notice, a
                certificate, registered in the name of the Buyer or its designees,
                for the
                number of shares of Common Stock to which the Buyer shall be entitled
                as
                set forth in the Conversion Notice or (ii) provided the Transfer
                Agent is
                participating in The Depository Trust Company (“DTC”)
                Fast Automated Securities Transfer Program, upon the request of the
                Buyers, credit such aggregate number of shares of Common Stock to
                which
                the Buyers shall be entitled to the Buyer’s or their designees’ balance
                account with DTC through its Deposit Withdrawal At
                Custodian (“DWAC”)
                system provided the Buyer causes its bank or broker to initiate the
                DWAC
                transaction. For purposes hereof “Trading
                Day”
                shall mean any day on which the Nasdaq Market is open for customary
                trading.

            

    

     

    
      	 	
              b.

            	
              The
                Company hereby confirms to the Transfer Agent and the Buyer that
                certificates representing the Conversion Shares shall not bear any
                legend
                restricting transfer and should not be subject to any stop-transfer
                restrictions and shall otherwise be freely transferable on the books
                and
                records of the Company; provided
                that
                counsel to the Company delivers (i) the Notice of Effectiveness set
                forth
                in Exhibit
                I
                attached hereto and (ii) an opinion of counsel in the form set forth
                in
                Exhibit
                II
                attached hereto, and that if the Conversion Shares and the Interest
                Shares
                are not registered for sale under the Securities Act of 1933, as
                amended,
                then the certificates for the Conversion Shares and Interest Shares
                shall
                bear the following legend:

            

    

     

    “THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
      SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
      SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      OR
      APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM REASONABLY
      ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT
      OR
      APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER
      SAID
      ACT.”

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              c.

            	
              In
                the event that counsel to the Company fails or refuses to render
                an
                opinion as required to issue the Conversion Shares in accordance
                with the
                preceding paragraph (either with or without restrictive legends,
                as
                applicable), then the Company irrevocably and expressly authorizes
                counsel
                to the Buyer to render such opinion. The Transfer Agent shall accept
                and
                be entitled to rely on such opinion for the purposes of issuing the
                Conversion Shares. 

            

    

     

    
      	 	
              d.

            	
              Instructions
                Applicable to Escrow Agent.
                Upon the Escrow Agent’s receipt of a properly completed Conversion Notice
                the Escrow Agent shall, within one (1) Trading Day thereafter, send
                to the
                Transfer Agent the Conversion Notice as the case may be, which shall
                constitute an irrevocable instruction to the Transfer Agent to process
                such Conversion Notice in accordance with the terms of these
                instructions.

            

    

     

    
      	 	
              2.

            	
              Escrowed
                Shares.
                

            

    

     

    
      	 	
              a.

            	
              With
                respect to the Escrowed Shares, upon an event of default as set forth
                in
                the Pledge Agreement, the Escrow Agent shall send written notice
                to the
                Transfer Agent (“Escrow
                Notice”)
                to transfer such number of Escrow Shares as set forth in the Escrow
                Notice
                to the Buyers. Upon receipt of an Escrow Notice and the share certificate
                along with a properly executed stock power, the Transfer Agent shall
                promptly transfer such number of Escrow Shares to the Buyers as shall
                be
                set forth in the Escrow Notice delivered to the Transfer Agent by
                the
                Escrow Agent. Further, the Transfer Agent shall promptly transfer
                such
                shares from the Buyers to any subsequent transferee promptly upon
                receipt
                of written notice from the Buyers or their counsel and the share
                certificate along with a properly executed stock power. If the Escrow
                Shares are not registered for sale under the Securities Act of 1933,
                as
                amended, then the certificates for the Escrow Shares shall bear the
                legend
                set forth in Section 1b.

            

    

     

    
      	 	
              b.

            	
              In
                the event that counsel to the Company fails or refuses to render
                an
                opinion as may be required by the Transfer Agent to affect a transfer
                of
                the Escrow Shares (either with or without restrictive legends, as
                applicable), then the Company irrevocably and expressly authorizes
                counsel
                to the Buyers to render such opinion. The Transfer Agent shall accept
                and
                be entitles to rely on such opinion for the purpose of transferring
                the
                Escrow Shares. 

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              3.

            	
              All
                Shares.

            

    

     

    
      	 	
              a.

            	
              The
                Transfer Agent shall reserve for issuance to the Buyers a minimum
                of
                6,250,000 Conversion Shares. All such shares shall remain in reserve
                with
                the Transfer Agent until the Buyers provides the Transfer Agent
                instructions that the shares or any part of them shall be taken out
                of
                reserve and shall no longer be subject to the terms of these instructions.
                

            

    

     

    
      	 	
              b.

            	
              The
                Company hereby irrevocably appoints the Escrow Agent as a duly authorized
                agent of the Company for the purposes of authorizing the Transfer
                Agent to
                process issuances and transfers specifically contemplated
                herein.

            

    

     

    
      	 	
              c.

            	
              The
                Transfer Agent shall rely exclusively on the Conversion Notice, the
                Escrow
                Notice and shall have no liability for relying on such instructions.
                Any
                Conversion Notice, Escrow Notice delivered hereunder shall constitute
                an
                irrevocable instruction to the Transfer Agent to process such notice
                or
                notices in accordance with the terms thereof. Such notice or notices
                may
                be transmitted to the Transfer Agent by facsimile or any commercially
                reasonable method.

            

    

     

    
      	 	
              d.

            	
              The
                Company hereby confirms to the Transfer Agent and the Buyers that
                no
                instructions other than as contemplated herein will be given to Transfer
                Agent by the Company with respect to the matters referenced herein.
                The
                Company hereby authorizes the Transfer Agent, and the Transfer Agent
                shall
                be obligated, to disregard any contrary instructions received by
                or on
                behalf of the Company.

            

    

     

    Certain
      Notice Regarding the Escrow Agent.
      The
      Company and the Transfer Agent hereby acknowledge that the Escrow Agent is
      general counsel to the Buyers, a partner of the general partner of the Buyers
      and counsel to the Buyers in connection with the transactions contemplated
      and
      referred herein. The Company and the Transfer Agent agree that in the event
      of
      any dispute arising in connection with this Agreement or otherwise in connection
      with any transaction or agreement contemplated and referred herein, the Escrow
      Agent shall be permitted to continue to represent the Buyers and neither the
      Company nor the Transfer Agent will seek to disqualify such
      counsel.

     

    The
      Company hereby agrees that it shall not replace the Transfer Agent as the
      Company’s transfer agent without the prior written consent of the
      Buyers.

     

    Any
      attempt by Transfer Agent to resign as the Company’s transfer agent hereunder
      shall not be effective until such time as the Company provides to the Transfer
      Agent written notice that a suitable replacement has agreed to serve as transfer
      agent and to be bound by the terms and conditions of these Irrevocable Transfer
      Agent Instructions.

     

    The
      Company herby confirms and the Transfer Agent acknowledges that while any
      portion of the Debenture
      remains unpaid and unconverted the Company and the
      Transfer Agent
      shall
      not, without the prior consent of the Buyers, (i) issue any Common Stock or
      Preferred Stock without consideration or for a consideration per share less
      than
      closing bid price determined immediately prior to its issuance, (ii) issue
      any Preferred Stock, warrant, option, right, contract, call, or other security
      or instrument granting the holder thereof the right to acquire Common Stock
      without consideration or for a consideration per share less than the closing
      bid
      price of the Common Stock determined immediately prior to its issuance,
(iii)
      issue any S-8
      shares in excess of
      an
      aggregate amount great than twenty percent (20%) of the outstanding shares
      of
      the Company’s Common Stock on the date hereof.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     The
      Company and the Transfer Agent hereby acknowledge and confirm that complying
      with the terms of this Agreement does not and shall not prohibit the Transfer
      Agent from satisfying any and all fiduciary responsibilities and duties it
      may
      owe to the Company.

     

    The
      Company and the Transfer Agent acknowledge that the Buyers is relying on the
      representations and covenants made by the Company and the Transfer Agent
      hereunder and are a material inducement to the Buyers purchasing convertible
      debentures under the Securities Purchase Agreement. The Company and the Transfer
      Agent further acknowledge that without such representations and covenants of
      the
      Company and the Transfer Agent made hereunder, the Buyers would not purchase
      the
      Debentures.

     

    Each
      party hereto specifically acknowledges and agrees that in the event of a breach
      or threatened breach by a party hereto of any provision hereof, the Buyers
      will
      be irreparably damaged and that damages at law would be an inadequate remedy
      if
      these Irrevocable Transfer Agent Instructions were not specifically enforced.
      Therefore, in the event of a breach or threatened breach by a party hereto,
      including, without limitation, the attempted termination of the agency
      relationship created by this instrument, the Buyers shall be entitled, in
      addition to all other rights or remedies, to an injunction restraining such
      breach, without being required to show any actual damage or to post any bond
      or
      other security, and/or to a decree for specific performance of the provisions
      of
      these Irrevocable Transfer Agent Instructions.

    

     

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties have caused this letter agreement regarding Irrevocable Transfer Agent
      Instructions to be duly executed and delivered as of the date first written
      above.

    
      	 	 	 
	 	 	
              COMPANY:

            
	 	 	 
	 	 	
              NewGen
                Technologies, Inc.

            
	 
 	 
 	 
 
	 	 	By: 
	 	
              

              Name: S.
                Bruce Wunner

            
	 	Title: 
Vice
              Chairman and Chief Executive Officer 
	 	 
	 	 
	 	
              

              David
                Gonzalez, Esq.

            

    

     

    
      	 	 	 	 
	By: __________________________________	 	 	 
	Name:
              ________________________________	 	 	
            
	Title:
              _________________________________CONSULTING
      AGREEMENT

    

    THIS
      CONSULTING AGREEMENT
      (the
“Agreement”) is made as of the 28th
      day of
February,
      2007
      (the “Effective Date”) between Third Inning Solutions, Inc., an Iowa corporation
      (the “Consultant”), and Southern
      Iowa BioEnergy,
      an Iowa
      Limited Liability Company (the “Client”). 

     

    W
      I T N E S S E T H :

    

    WHEREAS,
      Client
      intends to develop, finance, start-up and construct a 30 million gallon per
      year
      biodiesel manufacturing facility plant in southern Iowa (the “Project”), as more
      specifically defined on EXHIBIT
      A
      attached
      hereto and by this reference incorporated herein; and, 

    

    WHEREAS,
      Client
      desires to engage Consultant to provide project coordination, consulting and
      advice concerning the development, financing, start-up and construction of
      the
      Plant pursuant to the terms set forth herein.

    

    NOW,
      THEREFORE, for
      good
      and valuable consideration, the parties agree as follows:

    

    1. 
Engagement;
      Term.
      Client
      hereby engages Consultant as a consultant and advisor in connection with the
      development, financing, start-up and construction of the Project; and Consultant
      hereby accepts such engagement, upon the terms and conditions hereinafter set
      forth. The term of Consultant’s engagement shall commence as of the Effective
      Date, and unless sooner terminated by either party as provided in Section three
      (3) below, shall continue in full force and effect until construction of the
      Project is substantially complete (or such other term as may be used therein)
      within the meaning of the construction agreement relating to the Project.

    

    	2.          
              	
            Duties.
              During the term of this Agreement, Consultant shall devote commercially
              reasonable efforts to providing project coordination, consulting and
              advisory services to Client in connection with the development, financing,
              start-up and construction of the Project, including, without
              limitation:

          

    

    	a.  
              	
            Analyze
              equity and debt goals; assist with debt and equity financing structure
              and
              revisions thereto, if necessary;

          

    

    	b.  
              	
            Serve
              as project lead coordinator to secure build commitments from the various
              professional disciplines comprising the design team;
              

          

    

    	c.  
              	
            Assist
              with review and analysis of all written proposals for debt financing;
              assist client with review and approval of debt commitments; assistance
              with senior loan closing;

          

    

    	d.  
              	
            Assist
              with oversight and monitoring of construction team, including, but
              not
              limited to, the oversight, monitoring and analysis of draw requests,
              change order requests, etc.;

          

    

    	e.  
              	
            Assist
              Client in establishing relationships and negotiating contracts with
              various product and service providers, including, without limitation,
              procurement agents, risk managers and marketing companies,
              etc;

          

    

    	f.  
              	
            Assist
              client in finalizing Client’s equity marketing effort;
              

          

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    Notwithstanding
      any provision herein to the contrary, Consultant covenants and agrees that
      neither Consultant nor its officers, directors or employees shall solicit or
      accept an offer to buy or sell any securities of or on behalf of Client or
      engage in any activity on behalf of Client that would be in violation of any
      federal or state securities law or regulations. FURTHERMORE,
      NEITHER CONSULTANT NOR ITS OFFICERS, DIRECTORS OR EMPLOYEES SHALL BE RESPONSIBLE
      FOR RENDERING OR SHALL RENDER LEGAL, SECURITIES OR TAX ADVICE TO
      CLIENT.

    

    CONSULTANT
      HAS ADVISED CLIENT AND CLIENT ACKNOWLEDGES THAT IT HAS RECEIVED ADVICE FROM
      THE
      CONSULTANT TO SEEK THE ADVICE OF INDEPENDENT COUNSEL REGARDING ENTERING INTO
      THIS AGREEMENT; CONSULTANT IS NOT BEING PAID IN ANY MANNER TO PROVIDE ANY LEGAL
      ADVICE HEREUNDER; CLIENT ACKNOWLEDGES IT HAS HAD THE OPPORTUNITY TO SEEK THE
      ADVICE OF INDEPENDENT COUNSEL; AND THE PARTIES HAVE RECEIVED NO LEGAL ADVICE
      FROM CONSULTANT.

    

    3. 
Termination.
      Notwithstanding any other provision herein to the contrary, either party shall
      have the right, but not the obligation, to immediately terminate this Agreement
      for “cause”, which shall mean and be limited to the following: 

    

    a. Either
      party shall have cause to terminate this Agreement in the event the other party
      hereto commits a material breach of any material covenant, term or condition
      contained herein and such material breach continues for a period of Sixty (60)
      days from the date of the breaching party’s receipt of written notice from the
      non-breaching party specifically identifying the alleged material
      breach.

    

    b. Either
      party shall have cause to terminate this Agreement in the event of an act or
      omission by the other party hereto constituting fraud, gross negligence, willful
      misconduct, or knowing violation of the law with respect to the transactions
      that are the subject matter of this Agreement.

    

    c. Either
      party shall have cause to terminate this Agreement in the event any of the
      following occurs with respect to the other party hereto: (i) such party becomes
      insolvent; (ii) such party files a voluntary
      termination of its business operations; (iii) such party files a voluntary
      petition to effect a plan or other arrangement with, or makes an assignment
      for
      the benefit of, its creditors; (iv) such party files
      an
      answer admitting jurisdiction and the material allegations of an involuntary
      petition filed under the Bankruptcy Code, as amended, or is adjudicated
      bankrupt; (v) such party applies for or consents to the appointment of a
      receiver, liquidator or trustee of all or part of its property
      or
      assets; (vi) an
      order
      is entered approving an involuntary petition to reorganize such party or to
      effect a plan or other arrangement with its creditors;
      or
      (vii) upon the institution of any liquidation or dissolution proceedings by
      or
      against such party, or any other proceedings seeking the dissolution or winding
      up of its business.

     

    d. Consultant
      shall have cause to terminate this Agreement in the event: (i) Client fails
      to
      make any payment due hereunder within Ten (10) days of the date such payment
      is
      due; (ii) construction financing for the Project has not been obtained within
      Twenty-four (24) months of the Effective Date; (iii) Client at any times ceases
      using its good faith best efforts to complete the Project on a timely basis;
      or
      (iv) Client engages in a single transaction or series of transactions, the
      result of which is the sale, lease, transfer, conveyance or other disposition
      of
      all or substantially all of the assets of Client to any person or entity or
      the
      merger or consolidation of Client with or into any other entity. 

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    e. Client
      shall have cause to terminate this Agreement upon Sixty (60) days notice in
      the
      event Client, despite its best efforts determines that it will be unable to
      obtain the senior loan financing or substantially complete the construction
      as
      respectively described in Sections 4.a(ii) and (iii) below. 

     

    The
      termination of this Agreement shall not affect either party’s right to any
      payments accruing hereunder prior to the effective date of such termination,
      nor
      shall it affect any right or obligation of either party relating to
      confidentiality, indemnification or insurance, all of which shall survive such
      termination.

    

    4. 
Consulting
      Fees and Bonuses.
      Client
      shall pay Consultant a consulting fee equal to One and One-half Percent (1.5%)
      of the total construction and development cost. The payment under Section Four
      (4) hereunder shall not exceed the $1.50 per gallon cost estimate for
      construction and development unless Client opts to build a larger facility.
      The
      fees hereunder shall be paid as follows: 

    

    a. Client
      shall pay Consultant the consulting fee as follows: 

    

    	(i)   
              	
            $50,000,
              payable upon execution of this Agreement;

          

    	(ii)  
              	
            $325,000,
              payable at
              the time, and only if, Client executes Senior Loan financing documents
              enabling the groundbreaking for the Project; and
              

          

    	(iii)  
             	
            $300,000,
              payable at
              the time, and only if, construction
              of the Project is substantially complete (or such other term as may
              be
              used therein) within the meaning of the construction agreement relating
              to
              the Project.

          

     

    In
      the
      event Client
      terminates this Agreement at any time “for cause,” Consultant terminates this
      Agreement at any time other than “for cause” as defined in Sectionsv3(a-d)above,
      Client shall be under no obligation to pay any portion of the consulting fee,
      except for any payments, to be prorated, accruing hereunder prior to the
      effective date of such termination. 

    

    The
      entire consulting fee described in Section 4(a) and (b) shall be immediately
      due
      and payable to Consultant in the event Client terminates this Agreement for
      reasons that are not “for cause” or if Consultant terminates this Agreement “for
      cause” as defined in Sections 3(a-d) above. 

    

    5. 
Expense
      Reimbursement.
      In
      addition to the consulting fees described in Section 4 above, Consultant will
      be
      entitled to reimbursement of all
      reasonable, ordinary and necessary expenses incurred by Consultant in the
      performance of its duties hereunder;
      provided, however, that any expense in excess of One Thousand Dollars ($1,000)
      or any weekly expenses in excess of Two Thousand Dollars ($2,000), shall be
      subject to prior approval by Client. Such reimbursable expenses include, but
      are
      not limited to, the following:

    

    	(i)  
              	
            Any
              applicable federal, state or local filing
              fees;

          

    	(ii)  
             	
            Any
              legal, accounting or other professional service expenses paid by
              Consultant on behalf of the Client or for the benefit of the
              Client;

          

    	(iii)
              	
            Any
              reasonable and necessary travel expenses incurred for the benefit of
              the
              Client. Travel expenses may include air, rail or bus expense, as the
              situation may deem reasonable, or if travel is done by car, reimbursement
              for auto rental expenses or mileage at the standard mileage rate. Travel
              expenses do not include normal commuting to and from the office on
              a daily
              basis; 

          

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    	(iv)  	
            Any
              specialty printing, binding or other document reproduction cost,
              specifically excluding normal office/computer
              printing;

          

    	(v)
              	
            Any
              long distance telephone and/or facsimile charges that are directly
              attributable to Client.

          

    

    Consultant
      shall provide to Client within Ten (10) days of the end of each calendar month,
      an itemized listing of any reimbursable expenses incurred on behalf of the
      Client and receipts therefore, and such expenses shall be reimbursed to
      Consultant within Ten (10) days of Client’s receipt of such
      materials.

    

    6. 
Insurance.
      From
      and after the Effective Date and continuing throughout the term of this
      Agreement, Client and Consultant shall each, at its sole cost and expense,
      carry
      and maintain in full force and effect: (i) workers’ compensation and employers’
liability insurance in the minimum amounts required by law; (ii) Comprehensive
      General Liability Insurance in
      the
      minimum amount of One Million Dollars ($1,000,000.00) combined single limit
      for
      injury to persons or property; and (iii) business automobile liability insurance
      covering owned, non-owned and hired vehicles in the minimum amount of One
      Million Dollars ($1,000,000.00) combined single limit. Such policies shall
      be
      written by companies reasonably acceptable to other party, name the other party
      as an additional insured party (other than the workers’ compensation/employers’
liability insurance), and shall not be subject to cancellation or any material
      change except after Thirty (30) days’ prior written notice to the other party.
As
      of or
      prior to the Effective Date, and from time to time throughout the term of this
      Agreement upon the other party’s request, each party shall deliver to the other
      party certificates of insurance evidencing the coverages required by this
      Section.

    

    7. 
Indemnification.
      

    

    a. Consultant
      shall defend, indemnify and hold harmless Client and its affiliates’ officers,
      directors, shareholders, employees and agents from and against any and all
      claims, suits, demands, losses, liabilities, costs, damages and expenses,
      including attorneys’ fees and court costs, suffered or incurred by any such
      party arising from or relating to: (i) the material breach of any warranty,
      representation, term, covenant or condition by Consultant under this Agreement;
      and (ii) Consultant’s fraud, gross negligence, willful misconduct, or knowing
      violation of the law in the performance of its obligations under this
      Agreement.

    

    b. 
      Client
      shall defend, indemnify and hold harmless Consultant and its affiliates’
officers, directors, shareholders, employees and agents from and against any
      and
      all claims, suits, demands, losses, liabilities, costs, damages and expenses,
      including attorneys’ fees and court costs, suffered or incurred by any such
      party arising from or relating to: (i) the material breach of any warranty,
      representation, term, covenant or condition by Client under this Agreement;
      and
      (ii) any claim brought against Consultant by reason of Consultant’s performance
      of its duties under this Agreement, except for any such claim arising from
      Consultant’s fraud, gross negligence, willful misconduct, or knowing violation
      of the law in the performance of its obligations under this Agreement.

     

    In
      any
      instance where either party is entitled to claim indemnity under the provisions
      of this Section, such party shall provide reasonable notice to the indemnifying
      party that a claim has been made or a lawsuit has been filed and of its demand
      to defend. If the indemnifying party fails to provide a reasonable and timely
      defense as contemplated herein, the party entitled to indemnification may
      undertake its own defense and hold the indemnifying party responsible for the
      costs and results thereof.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    8. 
Standard
      of Care; No Assurance of Success.
      Consultant covenants and agrees that Consultant will provide the consulting
      services described herein in good faith, in a commercially reasonable manner,
      and with the care and diligence of a reasonably prudent consultant providing
      similar services to a similarly situated client. Except as expressly provided
      in
      the preceding sentence, consultant makes no warranties or representations of
      any
      kind or nature, express or implied, relating to consultant’s services hereunder.
      Consultant specifically disclaims all such warranties or representations,
      including without limitation, any warranty or representation regarding client’s
      ability to raise the necessary equity, obtain the necessary financing, complete
      the project, or operate the project profitably. 

    

    9. 
Limitation
      of Liability.
      Notwithstanding any provision in this Agreement to the contrary, the parties
      acknowledge and agree that Consultant’s total liability for any breach of this
      Agreement shall be limited to the amount of consulting fees actually paid by
      Client and received by Consultant pursuant to Section three (3) above.
      Furthermore, and not in limitation thereof, in no case shall Consultant be
      liable to any party for any special, indirect, incidental, consequential or
      other damages, with respect to any services performed by Consultant hereunder.
      

    

    10. 
Confidentiality.
      The
      parties hereto may, in the course of performing their obligations hereunder,
      be
      provided with or otherwise receive or have access to certain “Confidential
      Information” (as hereafter defined) of or relating to the other party hereto.
      Both parties acknowledge and agree that such Confidential Information of the
      other party is sensitive and proprietary in nature, and its disclosure would
      cause irreparable harm to the other party. Consequently, the parties shall
      utilize such Confidential Information solely for the purpose of their duties
      and
      obligations hereunder. Additionally, the parties covenant and agree, at all
      times during the term of this Agreement and for a period of Three (3) years
      thereafter, to treat such Confidential Information of the other party as
      strictly confidential and sensitive proprietary business information, and to
      maintain policies and procedures designed to ensure the confidentiality and
      safekeeping thereof. The parties shall not, unless compelled by legal process,
      except with other party’s prior written consent, disclose or permit the
      disclosure of any Confidential Information of such other party to any person
      or
      entity other than their respective employees responsible for performing their
      obligations hereunder, each of which will be bound by the confidentiality
      provisions of this Section. The parties further acknowledge and agree that
      any
      breach, attempted breach or repudiation by either party of the confidentiality
      requirements set forth in this Section would produce irreparable harm and injury
      to the other party and, therefore, specific performance and/or injunctive
      relief, in addition to any other remedies available under this Agreement, at
      law
      or in equity, shall be remedies available to prevent the breach, attempted
      breach or repudiation of this Section.

    

    For
      purposes of this Agreement, the term “Confidential Information” shall mean any
      information provided by either party hereto to the other party for any reason
      whatsoever, including, without limitation, conceptions, innovations, trade
      secrets, inventions, designs, product ideas, production processes and methods,
      software, ideas, data, production schedules and/or quantities, pricing
      information, customer information, financial information, product
      specifications, and other technology, whether or not patentable, copyrightable,
      or susceptible to any other form of protection. Notwithstanding the foregoing,
      however, the following types of information shall not be deemed to be
“Confidential Information” within the meaning hereof: (i) information which was
      rightfully in the receiving party’s possession prior to disclosure; (ii)
      information which was in the public domain prior to disclosure, or which becomes
      part of the public domain by any means other than an unauthorized act or
      omission by a party hereto; or (iii) information supplied to the receiving
      party
      without restriction by a third party under no obligation to maintain such
      information in confidence.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    11. 
Dispute
      Resolution.
      If a
      dispute, controversy, or claim arises out of or relates to this Agreement,
      its
      termination or non-renewal, or the alleged breach thereof, and if said dispute
      cannot be settled through direct discussions, the parties agree to first
      endeavor to settle the dispute in an amicable manner by mediation with an
      independent mediator selected by mutual agreement of the parties. If the parties
      are unable to agree on a mediator, mediation shall be administered by the
      American Arbitration Association under its Commercial Mediation Rules. If the
      matter has not been resolved pursuant to mediation within thirty (30) days
      of
      the commencement of such mediation (which period may be reduced or extended
      by
      mutual agreement in writing), then any unresolved dispute, controversy, or
      claim, shall be settled by arbitration administered by the American Arbitration
      Association in accordance with its Commercial Arbitration Rules, and judgment
      upon the award rendered by the arbitrator, may be entered in the Iowa District
      Court in Polk County or the highest state court having jurisdiction. The
      arbitration shall be conducted by a sole arbitrator. The arbitration proceedings
      shall be governed by and conducted in accordance with Iowa Code Chapter 679A
      (2005), as amended from time to time, as supplemented by the Commercial
      Arbitration Rules of the American Arbitration Association, to the extent not
      inconsistent with Chapter 679A. The arbitrator shall allow each party to conduct
      limited relevant discovery. The arbitrator shall have no authority to award
      punitive damages or any damages not measured by the prevailing party’s actual
      damages, and may not, in any event, make any ruling, finding or award that
      does
      not conform to this Agreement. All fees and expenses of the arbitration shall
      be
      borne by the parties equally. However, each party shall bear the expenses of
      its
      own counsel, experts, witnesses, and preparation and presentation of the
      arbitration matters. Any such arbitration shall be conducted in Polk County,
      Iowa. The provisions of this Agreement shall be a complete bar and defense
      to
      any suit, action or proceeding instituted in any court or administrative
      tribunal with respect to any controversy or dispute which is arbitrable as
      set
      forth herein.

    

    12. 
Governing
      Law; Jurisdiction/Venue.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Iowa. The parties, by their execution of this Agreement, irrevocably
      submit to the jurisdiction of the courts and arbitration tribunals of the State
      of Iowa and irrevocably agree that venue for any dispute between the parties
      shall be in Polk County, Iowa.

    

    13. 
Relationship
      of the Parties.
      The
      parties’ relationship hereunder is that of independent contracting parties.
      Neither this Agreement nor the parties’ performance hereunder shall be
      interpreted or construed as creating any other relationship, including, without
      limitation, that of principal-agent, franchisor-franchisee, employer-employee,
      or any dealership, distributorship, partnership or joint venture relationship.
      Each party shall be responsible for payment of, and shall defend, indemnify
      and
      hold the other party hereto harmless from and against, any and all fees and
      taxes arising out of or in connection with such party’s performance hereunder,
      including, without limitation, all federal, state and local income taxes, social
      security taxes, unemployment insurance taxes, workers’ compensation expenses,
      and any other taxes or business license fees. Neither party shall have the
      right
      or authority, express or implied, to assume or create any duty, responsibility,
      obligation or liability, contractual or otherwise, for, on behalf of, or in
      the
      name of, the other party hereto, or to otherwise bind such other party in any
      respect.

    

    14. 
No
      Third Party Beneficiaries.
      This
      Agreement is not intended to confer, nor shall it be asserted or construed
      as
      conferring, any rights or benefits upon any person or entity other than the
      parties hereto, including, but not limited to, any such rights or benefits
      which
      may be asserted by any person or entity as a purported third party
      beneficiary.

    

    15. 
Notice.
      Any
      notice required by this Agreement, or given in connection with it, shall be
      in
      writing and shall be given to the appropriate party by personal delivery or
      by
      certified mail, postage prepaid, or recognized overnight delivery services.
      Such
      notice shall be addressed as follows:

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    If
      to
      Consultant:

     

    Phil
      Stover, General Counsel 

    Third
      Inning Solutions, Inc.

    6151
      Thornton Avenue, Suite #130

    Des
      Moines, IA 50321

    

    If
      to the
      Client:

     

    Bill
      Higdon, President 

    Southern
      Iowa Bioenergy LLC

    115
      South
      Linden Street

    Lamoni,
      IA 50140

    

    16. 
Review
      By Counsel; Construction.
      Client
      acknowledges and agrees that: (i) it has carefully
      read and fully understand the terms, provisions and legal effect of this
      Agreement; (ii) it has been advised to seek, and has had the opportunity to
      seek
      the advice of independent legal counsel in connection with the execution of
      this
      Agreement, and (iii)
      the
      fact that Consultant initially drafted this Agreement shall not, in any dispute
      over the terms, construction or meaning of this Agreement, be held, interpreted
      or construed against Consultant.

    

    17. 
Miscellaneous.
      This
      Agreement, together with all exhibits hereto and any documents incorporated
      herein, constitutes the entire understanding between the parties concerning
      the
      subject matter hereof. No prior course of dealing, usage of trade or other
      prior
      or contemporaneous representations, inducements, promises or agreements between
      the parties not embodied in this Agreement shall be of any force or effect.
      This
      Agreement shall not be modified except in a writing signed by both parties,
      and
      shall not be assigned by or delegated by either party, in whole or in part,
      without the prior written consent of the other, which shall not be unreasonably
      withheld. Notices required or permitted hereunder shall be in writing and shall
      be delivered to the other party’s last known address. If any provision of this
      Agreement shall for any reason be held to be invalid, unenforceable, or contrary
      to public policy, whether in whole or in part, the remaining provisions shall
      not be affected by such holding. No omission or delay by either party in
      enforcing any right or remedy hereunder or in requiring performance of any
      term,
      covenant or provision herein shall constitute a waiver of any such right or
      remedy, nor shall it in any way effect the right of either party to enforce
      such
      provisions. The remedies set forth in this Agreement are cumulative and in
      addition to all other remedies available under this Agreement, at law and in
      equity. All covenants, warranties, representations and indemnification
      obligations set forth in this Agreement shall survive the termination or
      expiration hereof. This Agreement may be executed in counterparts.

    

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
         

      

      
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    IN
      WITNESS WHEREOF,
      the
      parties hereto have duly executed this Agreement effective as of the day and
      year first above written.

    

    
      	
              CLIENT:

            	
              CONSULTANT:

            
	 	 
	
              Southern
                Iowa BioEnergy

            	
              Third
                Inning Solutions, Inc.

            
	 	 
	 	 
	
              /s/
                William
                Higdon                                                       
                

            	
              /s/
                Brian M.
                Green                                                      
                

            
	
              William
                Higdon, President and Director

            	
              Brian
                M. Green, President

            

    

    

    
      
         

      

      
        8

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