Document:

Exhibit 10.1

THIRD
AMENDMENT TO

AGREEMENT AND PLAN OF MERGER

THIS THIRD AMENDMENT TO
AGREEMENT AND PLAN OF MERGER (this “Amendment”) is
made and entered into as of May 14, 2007, by and among VALENTIS, INC., a
Delaware corporation (“Parent”),
VALENTIS HOLDINGS, INC., a Delaware corporation and direct wholly-owned
subsidiary of Parent (“Merger Sub”),
and URIGEN N.A., INC., a Delaware corporation (“Urigen”).

Reference is hereby made
to that certain Agreement and Plan of Merger, dated as of October 5, 2006,
as amended February 1, 2007 and March 28, 2007, by and among Parent, Merger Sub
and Urigen (the “Merger Agreement”).  Capitalized terms used and not otherwise
defined herein shall have the respective meaning ascribed to such terms in the
Merger Agreement.

WHEREAS, Parent, Merger
Sub, and Urigen wish to amend the terms of the Merger Agreement as more fully
set forth under Section I of this Amendment.

NOW, THEREFORE, in
consideration of the agreements, provisions and consents contained herein, and
other good and valuable consideration, the receipt and sufficiency of which the
parties hereby acknowledge, the parties hereto agree as follows:

I.              Amendment to Merger
Agreement

A.            Section 2.14(d) of the Merger Agreement is hereby
amended and restated in its entirety as follows:

“(d)         In the event of any
Liquidity Shortfall or any Net Worth Shortfall, the Merger Consideration will
be adjusted by an increase in the number of shares issuable to the holders of
Urigen Stock by an aggregate amount equal to the amount of the Liquidity
Shortfall or Net Worth Shortfall (whichever is greater) divided by the weighted
30-day average price of Parent Stock as quoted on the Nasdaq Capital Market
calculated for the 30-day period immediately prior to the first public
announcement of the transactions contemplated by this Agreement (the “Shortfall Shares”) and such Shortfall
Shares shall be issued pro rata to the Urigen Stockholders (the “Closing Adjustment”).  No fractional Shortfall Shares shall be
issued and any fractional Shortfall Share amount to which the holders of Urigen
Stock would be entitled to as a result of such Closing Adjustment shall instead
be paid in cash (without interest) in a manner consistent with Section 2.9 of
this Agreement.”

B.            Section 14.1(d)(i)
of the Merger Agreement is hereby amended and restated in its entirety as
follows:

“(i)          if the Effective Time of the Merger
has not occurred on or prior to June 30, 2007 (the “Termination
Date”); provided, that the right to terminate this Agreement
pursuant to this clause shall not be available to any party whose failure to
fulfill any material obligation of this Agreement or other material breach of
this Agreement has been the cause of, or resulted in, the failure of the
Effective Time of the Merger to have occurred on or prior to the aforesaid
date;”

II.            Miscellaneous Provisions

A.            Remaining
Terms Unaffected.  Except for the
amendments to the Merger Agreement set forth herein, all other provisions of
the Merger Agreement shall remain in full force and effect and are incorporated
herein as if fully set forth herein.

B.            Governing
Law.  This Amendment shall be
governed by and construed and interpreted in accordance with the laws of the
State of Delaware without giving effect to the principles of conflicts of law
thereof, except to the extent that Section 2709 of the Delaware Code would
require or permit application of the laws of the State of Delaware.

C.            Counterparts
and Facsimile Signature.  This
Amendment may be executed in two or more counterparts, each of which shall be
deemed an original but all of which together shall constitute one and the same
instrument.  This Amendment may be
executed by facsimile signature.

IN WITNESS WHEREOF, the parties hereto have
executed this Amendment as of the date first above written.

	
  

  	
   

  	
  VALENTIS, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Benjamin F. McGraw, III

  
	
   

  	
   

  	
   

  	
   

  	
  Benjamin F. McGraw, III

  Chief Executive Officer and President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  VALENTIS HOLDINGS, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Benjamin F. McGraw, III

  
	
   

  	
   

  	
   

  	
   

  	
  Benjamin F. McGraw, III

  Chief Executive Officer and President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  URIGEN N.A., INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Martin E. Shmagin

  
	
   

  	
   

  	
   

  	
   

  	
  Martin E. Shmagin

  Chief Financial OfficerExhibit 10.1

 

	
  Type of Fee

  	
   

  	
  Amount

  
	
  Annual Board Retainer (Cash)

  	
   

  	
  $50,000

  
	
  Annual Board Retainer (Stock)

  	
   

  	
  $100,000 value (equity vehicle may vary)

  
	
  Board Meeting Fees

  	
   

  	
  $2,000, including telephonic meetings

  
	
  Annual Lead Director Retainer

  	
   

  	
  $20,000

  
	
  Annual Audit Committee Chair Retainer

  	
   

  	
  $20,000

  
	
  Annual Chair Retainer (Other Committees)

  	
   

  	
  $8,500

  
	
  Audit Committee Meeting Fees

  	
   

  	
  $3,000 for in-person attendance at meetings held in
  conjunction with Board meetings. $2,000 for telephonic meetings not in
  conjunction with Board meetings or for telephonic participation in meetings
  held in conjunction with Board meetings.

  
	
  Nuclear Oversight Committee Meeting Fees

  	
   

  	
  $4,000 for in-person attendance at meetings held in
  conjunction with Board meetings. $2,000 for telephonic meetings not in
  conjunction with Board meetings or for telephonic participation in meetings
  held in conjunction with Board meetings.

  
	
  Other Committee Meeting Fees

  	
   

  	
  $2,000 for in-person attendance at meetings held in
  conjunction with Board meetings, telephonic meetings not in conjunction with
  Board meetings and telephonic participation in meetings held in conjunction
  with Board meetings.

  
	
  Special, In-Person Meetings Not Held in
  Conjunction With Board Meetings

  	
   

  	
  $2,500

  

 

Except for the
portion of the annual Board retainer that is provided in stock, which amount is
granted once each year, fees and retainers are paid on a quarterly basis.
Directors may elect to defer fees and retainers under the Duke Energy
Corporation Directors’ Savings Plan II. Under the Duke Energy Foundation
Matching Gifts Program, Directors are eligible for matching contributions of up
to $5,000 per Director per calendar year to qualifying institutions. The
Company also maintains a Charitable Giving Program for Directors who served on
the Duke Power Company LLC Board of Directors on or prior to February 18,
1998, pursuant to which the Company will make, upon such Director’s death (or
during his or her lifetime, under certain circumstances), donations of up to
$1,000,000 to charitable organizations selected by the Director. The Company
provides travel insurance to Directors, and reimburses Directors for expenses
reasonably incurred in connection with attendance and participation at Board
and Committee meetings and special functions.Exhibit 10.1

PHASE I AND PHASE II

ENGINEERING SERVICES AGREEMENT*

BETWEEN

AKRON RIVERVIEW CORN PROCESSORS, LLC

AND

FAGEN ENGINEERING, LLC

March
14, 2007

* Portions of this exhibit have been omitted
pursuant to a request for confidential treatment and have been filed 

with the United States Securities and Exchange Commission.

TABLE OF CONTENTS

	
  

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  1

  	
   

  	
  Definitions; Rules of Interpretation

  	
  1

  
	
   

  	
   

  	
   

  	
   

  
	
  1.1

  	
   

  	
  Rules of Construction

  	
  1

  
	
  1.2

  	
   

  	
  Defined Terms

  	
  2

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  2

  	
   

  	
  Retention of Agent

  	
  4

  
	
   

  	
   

  	
   

  	
   

  
	
  2.1

  	
   

  	
  Retention of Services

  	
  4

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  3

  	
   

  	
  Engineer Responsibilities

  	
  4

  
	
   

  	
   

  	
   

  	
   

  
	
  3.1

  	
   

  	
  Services

  	
  4

  
	
  3.2

  	
   

  	
  Phase I Design Package

  	
  4

  
	
  3.3

  	
   

  	
  Delivery of Phase I Design Package

  	
  4

  
	
  3.4

  	
   

  	
  The Phase II Design Package

  	
  5

  
	
  3.5

  	
   

  	
  Delivery of Phase II Design Package

  	
  5

  
	
  3.6

  	
   

  	
  Delays

  	
  5

  
	
  3.7

  	
   

  	
  Utility Routing and Design Services Limited

  	
  5

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  4

  	
   

  	
  Client Responsibilities

  	
  6

  
	
   

  	
   

  	
   

  	
   

  
	
  4.1

  	
   

  	
  Client’s Representative

  	
  6

  
	
  4.2

  	
   

  	
  Client’s Requirements

  	
  6

  
	
  4.3

  	
   

  	
  Other Information

  	
  6

  
	
  4.4

  	
   

  	
  Access to Property

  	
  6

  
	
  4.5

  	
   

  	
  Review of Documents

  	
  6

  
	
  4.6

  	
   

  	
  Consents, Approvals, Licenses, and Permits

  	
  6

  
	
  4.7

  	
   

  	
  Bids

  	
  6

  
	
  4.8

  	
   

  	
  Other Services

  	
  6

  
	
  4.9

  	
   

  	
  Services Outside Scope of Engineer’s Services

  	
  7

  
	
  4.10

  	
   

  	
  Deviation from Design

  	
  7

  
	
  4.11

  	
   

  	
  Developments Affecting Scope or Timing of Services

  	
  7

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  5

  	
   

  	
  Compensation And Payment

  	
  7

  
	
   

  	
   

  	
   

  	
   

  
	
  5.1

  	
   

  	
  Compensation

  	
  7

  
	
  5.2

  	
   

  	
  Reimbursement of Engineer Expenses

  	
  7

  
	
  5.3

  	
   

  	
  Reimbursement of Subcontractor Expenses

  	
  7

  
	
  5.4

  	
   

  	
  Fees for Work Outside Scope of Services

  	
  8

  
	
  5.5

  	
   

  	
  Collection of Unpaid Amounts

  	
  8

  
	
  5.6

  	
   

  	
  Reimbursement Schedules Subject to Change

  	
  8

  
	
  5.7

  	
   

  	
  Invoices

  	
  8

  
	
  5.8

  	
   

  	
  Payment

  	
  8

  
	
  5.9

  	
   

  	
  Late Payment and
  Interest

  	
  8

  

 

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 i
 

 

	
  5.10

  	
   

  	
  Suspension for Failure to
  Pay

  	
  8

  
	
  5.11

  	
   

  	
  Payment

  	
  8

  
	
  5.12

  	
   

  	
  Withholding Payments

  	
  8

  
	
  5.13

  	
   

  	
  Purchase Orders

  	
  8

  
	
  5.14

  	
   

  	
  Changes in Project

  	
  8

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  6

  	
   

  	
  Construction Cost And Cost Estimates

  	
  9

  
	
   

  	
   

  	
   

  	
   

  
	
  6.1

  	
   

  	
  Cost Estimates

  	
  9

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  7

  	
   

  	
  Termination

  	
  9

  
	
   

  	
   

  	
   

  	
   

  
	
  7.1

  	
   

  	
  Termination Upon Default

  	
  9

  
	
  7.2

  	
   

  	
  Termination Upon Abandonment of Plant

  	
  9

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  8

  	
   

  	
  Ownership of Work Product

  	
  9

  
	
   

  	
   

  	
   

  	
   

  
	
  8.1

  	
   

  	
  Work Product

  	
  9

  
	
  8.2

  	
   

  	
  Copies Provided to Client

  	
  9

  
	
  8.3

  	
   

  	
  Prohibited Use of Work Product

  	
  10

  
	
  8.4

  	
   

  	
  Derogation of Engineer’s Rights to Work Product

  	
  10

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  9

  	
   

  	
  Successors and Assigns

  	
  10

  
	
   

  	
   

  	
   

  	
   

  
	
  9.1

  	
   

  	
  Successors

  	
  10

  
	
  9.2

  	
   

  	
  Written Consent Required

  	
  10

  
	
  9.3

  	
   

  	
  No Third-Party Beneficiaries

  	
  10

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  10

  	
   

  	
  Warranty

  	
  10

  
	
   

  	
   

  	
   

  	
   

  
	
  10.1

  	
   

  	
  No Warranty Extended

  	
  10

  
	
  10.2

  	
   

  	
  No Responsibility for Construction

  	
  10

  
	
   

  	
   

  	
   

  	
   

  
	
  Article 11

  	
   

  	
  Indemnification

  	
  11

  
	
   

  	
   

  	
   

  	
   

  
	
  11.1

  	
   

  	
  Engineer’s Indemnification

  	
  11

  
	
  11.2

  	
   

  	
  Client’s Indemnification

  	
  11

  
	
  11.3

  	
   

  	
  Hazardous Materials Indemnification

  	
  11

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  12

  	
   

  	
  Dispute Resolution

  	
  11

  
	
   

  	
   

  	
   

  	
   

  
	
  12.1

  	
   

  	
  Arbitration

  	
  11

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  13

  	
   

  	
  Confidentiality

  	
  12

  
	
   

  	
   

  	
   

  	
   

  
	
  13.1

  	
   

  	
  Non-Disclosure Obligation

  	
  12

  
	
  13.2

  	
   

  	
  Publicity and Advertising

  	
  12

  
	
  13.3

  	
   

  	
  Term of Obligation

  	
  13

  
	
   

  	
   

  	
   

  	
   

  
	
  Article
  14

  	
   

  	
  Miscellaneous

  	
  13

  
	
  14.1

  	
   

  	
  Governing Law

  	
  13

  

 

*
Portions of this exhibit have been omitted pursuant to a request for confidential
treatment and have been filed with the United States Securities and Exchange
Commission.

 ii
 

 

	
  14.2

  	
   

  	
  Severability

  	
  13

  
	
  14.3

  	
   

  	
  No Waiver

  	
  13

  
	
  14.4

  	
   

  	
  Captions and Headings

  	
  13

  
	
  14.5

  	
   

  	
  Engineer’s Accounting Records

  	
  13

  
	
  14.6

  	
   

  	
  Counterparts

  	
  13

  
	
  14.7

  	
   

  	
  Survival

  	
  14

  
	
  14.8

  	
   

  	
  No Privity with Client’s Contractors

  	
  14

  
	
  14.9

  	
   

  	
  Amendments

  	
  14

  
	
  14.10

  	
   

  	
  Entire Agreement

  	
  14

  
	
  14.11

  	
   

  	
  Notice

  	
  14

  
	
  14.12

  	
   

  	
  Extent of Agreement

  	
  15

  
	
  14.13

  	
   

  	
  Subrogation Waiver

  	
  15

  
	
   

  	
   

  	
   

  	
   

  
	
  EXHIBIT
  A

  	
   

  	
  Reimbursement Schedule

  	
  17

  
	
   

  	
   

  	
   

  	
   

  
	
  EXHIBIT
  B

  	
   

  	
  Reimbursable Expense Schedule

  	
  18

  
	
   

  	
   

  	
   

  	
   

  
	
  EXHIBIT
  C

  	
   

  	
  Client’s Deliverable Site Obligations

  	
  19

  

 

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 iii

PHASE I AND PHASE II

ENGINEERING SERVICES AGREEMENT

THIS PHASE I AND PHASE II ENGINEERING
SERVICES AGREEMENT (the “Agreement”) is made as of
March 14, 2007, (the “Effective Date”) by and between Akron Riverview
Corn Processors, LLC, an Iowa Limited Liability Company (the “Client”)
and Fagen Engineering, LLC a Minnesota Limited Liability Company (the “Engineer”).  Each of the Client and Engineer are referred
to herein individually as a “Party” and collectively as the “Parties.”

RECITALS

WHEREAS,  Client
is developing a one hundred (100) million gallons per year dry grind ethanol
production facility to be located in Akron, Iowa (the “Plant”) to be
owned and operated by Client; and

WHEREAS,  Client and Fagen, Inc. (“Design - Builder”)
intend to enter into that certain Lump-Sum Design-Build Agreement (“Design-Build
Agreement”) under which Fagen, Inc., an affiliate of Engineer,  will serve as the design-builder for the
Plant and provide design, engineering, procurement and construction services
for the development and construction of the Plant; and

WHEREAS,  Client wishes to retain an entity in advance
of entering into the Design-Build Agreement to perform certain engineering and
design work that will be required under the Design-Build Agreement on the terms
and conditions set forth in this Agreement, and Engineer desires to act as such
entity upon the terms and conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the
mutual promises contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, and intending to be
legally bound by this Agreement, the parties do hereby agree as follows:

Article 1

Definitions; Rules of Interpretation

1.1          Rules of Construction.  The capitalized terms listed in this
Article 1 shall have the meanings set forth herein whenever the terms appear in
this Agreement, whether in the singular or the plural or in the present or past
tense.  Other terms used in this
Agreement but not listed in this Article shall have meanings as commonly used
in the English language and, where applicable, in generally accepted
construction and design-build industry standards.  Words not otherwise defined herein that have
well known and generally accepted technical or trade meanings are used herein
in accordance with such recognized meanings. 
In addition, the following rules of interpretation shall apply:

(a)           The masculine shall include the feminine and
neuter.

*
Portions of this exhibit have been omitted pursuant to a request for confidential
treatment and have been filed with the United States Securities and Exchange
Commission.

 1
 

(b)                                 References
to “Articles,” “Sections,” “Schedules,” or “Exhibits” shall be to Articles,
Sections, Schedules or Exhibits of this Agreement.

(c)                                  This
Agreement was negotiated and prepared by each of the Parties with the advice
and participation of counsel.  The
Parties have agreed to the wording of this Agreement and none of the provisions
hereof shall be construed against one Party on the ground that such Party is
the author of this Agreement or any part hereof.  The following definitions will apply in this
Agreement:

1.2          Defined
Terms.  In addition to definitions
appearing elsewhere in this Agreement, the following terms have the following
meanings:

Agreement
will have the meaning given to such term in the Preamble to this Agreement.

Applicable
Law means

(a)                                  any
and all laws, legislation, statutes, codes, acts, rules, regulations,
ordinances, treaties or other similar legal requirements enacted, issued or promulgated
by a Governmental Authority;

(b)                                 any
and all orders, judgments, writs, decrees, injunctions, Governmental Approvals
or other decisions of a Governmental Authority; and

(c)                                  any
and all legally binding announcements, directives or published practices or
interpretations, regarding any of the foregoing in (a) or (b) of this
definition, enacted, issued or promulgated by a Governmental Authority;

to the extent, for
each of the foregoing in (a), (b) and (c) of this definition, applicable to or
binding upon (i) a Party, its affiliates, its shareholders, its members, it
partners or their respective representatives, to the extent any such person is
engaged in activities related to the Services; or (ii) the property of a Party,
its affiliates, its shareholders, its members, its partners or their respective
representatives, to the extent such property is used in connection with the
Services or an activity related to the Services.

Client
will have the meaning given to such term in the Preamble to this Agreement.

Client’s
Representative will have the meaning given to such term in
Section 4.1

Design-Build
Agreement will have the meaning given to such term in the
Recitals to this Agreement.

Effective
Date will have the meaning given
to such term in the Preamble to this Agreement.

Engineer
will have the meaning given to such term in the Preamble to this Agreement.

Engineer
Responsible Parties will have the meaning given to such term
in Section 4.10.

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 2
 

Governmental
Approvals will mean any material authorizations or
permissions issued or granted by any Governmental Authority to the Project, the
Client, the Engineer, subcontractors and their affiliates in connection with
any activity related to the Services.

Governmental
Authority will mean any federal, state, local or municipal
governmental body; any governmental, quasi-governmental, regulatory or administrative
agency, commission, body or other authority exercising or entitled to exercise
any administrative, executive, judicial, legislative, policy, regulatory or
taxing authority or power; or any court or governmental tribunal; in each case
having jurisdiction over the Client, the Engineer, the Plant, or the Site.

Monthly
Invoice will have the meaning given to such term in Section
5.7.

Party
or Parties will have the meaning given to such term in the
Preamble to this Agreement.

Phase
I Design Package will have the meaning given to such term in
Section 3.2.

Phase
I Owner Deliverables will mean the Client’s deliverable
obligations pursuant to Exhibit C attached to this Agreement.

Phase
II Design Package will have the meaning given to such term in
Section 3.4.

Phase
II Owner Deliverables will mean the Client’s deliverable
obligations pursuant to Exhibit C to this Agreement.

Plant
will have the meaning given to such term in the Recitals to this Agreement.

Project
will mean the Plant, together with all equipment, labor,
services and materials furnished under the Design-Build Agreement.

Services
will have the meaning given to such term in Section 3.1.

Site
will mean the land or premises on which the Plant is located.

Subcontractor will mean any person or entity,
including but not limited to independent engineers, associates, and
consultants, retained by Engineer, or by any person or entity retained directly
or indirectly by Engineer, in each case as an independent contractor, to
perform a portion of the Services.

Work Product will have the meaning given to
such term in Section 8.1.

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 3
 

Article 2

Retention of the Agent

2.1          Retention
of Services.  On the terms and
subject to the conditions hereinafter set forth, Client hereby retains Engineer
to perform, and Engineer hereby agrees to perform, the Services.  Engineer will provide such Services solely
pursuant to the terms and conditions set forth herein including any
indemnifications and limitations on liability.

Article 3

Engineer Responsibilities

3.1          Services.  Engineer shall perform the Phase I Design
Package and Phase II Design Package engineering services necessary to
facilitate Client’s completion of the Phase I and Phase II Site work required
of Client prior to the issuance of a Notice to Proceed pursuant to the
Design-Build Agreement (collectively, the “Services”).

3.2          Phase
I Design Package. (Grading and Drainage). The Phase I Design Package to be
provided by Engineer shall consist of the engineering and design of the Plant
Site and shall include the following drawings:

a)              Cover
Sheet

b)             Property
Layout Drawing

c)              Grading,
Drainage and Erosion Control Plan Drawing (Multiple Drawings if Required)

i.                 Used
for Land Disturbance Permitting

ii.             Site
grading is held 6-inches low for topsoil and seeding

d)             Roadway
Alignment Drawing

e)              Culvert
Cross Sections and Details (Multiple Drawings)

f)                Seeding
and Landscaping (If Required)

g)             Geometric layout
drawing (includes contractor’s trailer, parking and laydown areas)

Plan sets along
with a Bid Tabulation Sheet will be supplied to the Client so all contractors
bid the same quantities.  A telephone
conference call for a Phase I pre-bid meeting will be provided upon Client’s
request.

3.3          Delivery of Phase I
Design Package.   Engineer shall
deliver the completed Phase I Design Package no later than sixty (60) days
after the receipt of all the Phase I Owner Deliverables, however, the sixty
(60) day time frame provided in this section will commence no sooner than June
14, 2007.

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 4
 

3.4          Phase
II Design Package.  The Phase II
Design Package to be provided by Engineer shall provide the engineering and
design of Site work and utilities for the Plant, all within the property line
of Plant, and shall consist of the following:

a)              Cover
Sheet

b)             Property
Layout Drawing

c)              Site
Grading and Drainage Drawing (Final Interior Plant Grading)

d)             Roadway
Alignment

e)              Utility
Layout (Fire Loop)

f)                Utility
Layout (Potable Water)

g)             Utility
Layout (Well Water) if using on-Site wells

h)             Utility
Layout (Sanitary Sewer)

i)                 Utility
Layout (Utility Water Blowdown)

j)                 Utility
Layout (Natural Gas)

i.                 Fagen
Engineering provides a preferred routing through the Site, line size and pipe
specifications are typically provided by the gas supplier.

k)              Geometric
Layout (For Project Control Verification)

l)                 Site
Utility Piping Tables Drawing

m)           Tank
Farm Layout Drawing

n)             Tank
Farm Details Drawing

o)             Sections
and Details Drawing (If required)

p)             Miscellaneous Details
Drawing (If required)

A telephone
conference call for a Phase II pre-bid meeting will be provided upon Client’s
request.

3.5          Delivery of Phase II
Design Package.  Engineer shall
deliver the completed Phase II Design Package no later than sixty (60) days
after the receipt of all Phase II Owner Deliverables, but no earlier than sixty
(60) days after delivery of the Phase I Design Package.

3.6          Delays.  The Parties agree that Engineer shall not
be responsible for delays in providing the Services under this Agreement due to
factors beyond Engineer’s control.

3.7          Utility Routing and
Design Services Limited.  The Parties
agree that Engineer shall provide the routing and design for the utilities
necessary for the Plant only within the Plant property line and up to the Plant
property line, and that, for purposes of this Agreement, Engineer assumes a
tie-in point to a city utility.  The
Parties agree that, if there is no city tie-in point, Engineer will route the
utilities to the Plant property line and stop. 
Any special tie-in requirements necessary to connect the utilities at
the Plant property line are not included in the compensation or the scope of
this Agreement and shall only be designed and engineered by Engineer as change
in the Project which affects the Services hereunder.

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 5
 

Article 4

Client Responsibilities

4.1          Client’s
Representative.  Client shall, prior
to the commencement of Services by Engineer, name a representative (“Client’s
Representative”) with authority to receive information and transmit
instructions for Client.  Client’s
Representative shall be vested with authority to act on behalf of Client and
Engineer shall be entitled to rely on Client’s Representative’s communications
with regard to the Services.

4.2          Client’s
Requirements.  Client shall, prior to
the commencement of Services by Engineer, provide Engineer with Client’s
requirements for the Project, including objectives and constraints, design and
construction standards, bonding and insurance requirements, and contract
forms.  Engineer shall be compensated as
set forth in Section 5.4 of this Agreement for any and all Client requirements
which are agreed to by Engineer and incorporated into the Phase I Design
Package and Phase II Design Package.

4.3          Other Information.  Prior to the commencement of Services by
Engineer, Client shall provide Engineer with all other information available to
Client and pertinent to the Project and the Services including, but not limited
to, all items required pursuant to Exhibit C. 
The items required by Client pursuant to this Section 4.3 shall be
furnished at Client’s expense, and Engineer shall be entitled to rely upon the
accuracy and completeness thereof.

4.4          Access
to Property.   Prior
to the commencement of Services and as necessary during the performance of
Services, Client shall arrange for access by Engineer upon public and
private property, as required for the performance of the Services under this
Agreement.

4.5          Review
of Documents.  As related to the
performance of Services hereunder, Client shall examine documents presented by
Engineer, obtain legal and other advice as Client deems appropriate, and render
written decisions within reasonable time. 
The items required by Client pursuant to this Section 4.5 shall be
furnished at Client’s expense, and Engineer shall be entitled to rely upon the
accuracy and completeness thereof.

4.6          Consents, Approvals, Licenses
and Permits.  Prior to the
commencement of Services and as necessary during the performance of the
Services, Client shall obtain all consents, approvals, licenses, permits, and
other Governmental Approvals necessary for the Project and for the performance
of the Services.  The items required by
Client pursuant to this Section 4.6 shall be furnished at Client’s expense, and
Engineer shall be entitled to rely upon the accuracy and completeness thereof.

4.7          Bids.  Client shall advertise for and open bids
when scheduled.

4.8          Other Services  Client
shall furnish all legal, accounting and insurance counseling services as may be
necessary at any time for the Services, including auditing services

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 6
 

the
Client may require to verify the monthly invoices or to ascertain how or for
what purposes the Engineer and/or Subcontractors have used the money paid by or
on behalf of the Client.

4.9          Service Outside Scope of
Engineer’s Services.   Client shall, at its own expense, as necessary
for the performance and completions of the Services, provide any
additional services necessary for the Project that are outside the scope of the
Services provided by Engineer under this Agreement.  Engineer shall be entitled to rely upon, as
applicable, the completeness and accuracy of such additional services.

4.10        Deviation from
Design.   Client shall indemnify
and hold harmless Engineer, its employees, its agents, its affiliates, and any
other persons or entities within its control or for whom Engineer would
otherwise be responsible (“Engineer Responsible Parties”) against claims
arising out of Engineer’s design, if there has been, in the completion of the
Phase I and Phase II Site work required of Client prior to the issuance of a
Notice to Proceed pursuant to the Design-Build Agreement, a failure to follow
Engineer’s recommendation and such deviation or failure caused the claims.

4.11        Developments Affecting
Scope or Timing of Services.  Client
shall promptly notify Engineer, in writing, when Client learns of contractor
error or any development that affects the scope or timing of Engineer’s
Services.

Article
5

Compensation
and Payment

5.1          Compensation.   In  consideration
of its performance of the Services, Client shall pay Engineer for Engineer’s
time in the performance of the Services at a fixed fee of One Hundred
Eighty-five Thousand Dollars ($185,000.00) (“Fixed Fee”) as
compensation.  The full amount of
compensation paid by Client under this Section 5.1 shall be included in and
credited to the Design-Build Agreement’s contract price if entered into upon
payment in full by Client.

5.2          Reimbursement
of Engineer Expenses.    In
addition to the fixed fee in 5.1, Client shall reimburse Engineer for
its expenses related to the performance of the Services in accordance with
Engineer’s current reimbursable expense schedule attached hereto as Exhibit B.

5.3          Reimbursement
of Subcontractor Expenses.

5.3.1       Subcontractor charges
related to time spent in the performance of the Services shall not be marked-up
by Engineer.  Client shall reimburse
Engineer for costs related to Subcontractors’ time in accordance with the
Subcontractors’ invoices for the work.

5.3.2       Subcontractor
reimbursable expenses will be marked up in accordance with the current
reimbursable expense schedule attached hereto as Exhibit B.

*
Portions of this exhibit have been omitted pursuant to a request for confidential
treatment and have been filed with the United States Securities and Exchange
Commission.

 7
 

5.4          Fees for Work Outside
Scope of Services.  Fees for all work
outside the scope of Engineer’s responsibilities described in Articles 3 and 4,
including change order work and acceptable Client requirements, shall be
computed in accordance with Engineer’s current fee schedules, attached hereto
as Exhibits A and B, as such schedules may be revised from time to time, unless
otherwise agreed to in writing.  Any compensation
paid to Engineer pursuant to this Section 5.4 shall not be included in or
credited to the Design-Build Agreement’s contract price.

5.5          Collection of Unpaid
Amounts.  If any amount due is not
paid in accordance with this Agreement and Engineer must collect that amount,
Engineer shall be entitled to recover, in addition to the amount due, the cost
of collection, including reasonable attorney’s fees in connection with those
collection efforts.

5.6          Reimbursement Schedules
Subject to Change.  Engineer’s
reimbursement schedule and reimbursable expense schedule attached hereto as
Exhibits A and B are subject to change on January 1 of each year.

5.7          Invoices.  Engineer shall submit a monthly invoice (“Monthly
Invoice”) for Services provided and for reimbursable expenses incurred by
Engineer and any Subcontractors.

5.8          Payment.    Within thirty (30) days after Client’s
receipt of each Monthly Invoice, Client shall pay Engineer all amounts due.

5.9          Late
Payment and Interest.  If Client
fails to make payment within thirty (30) days after receipt of Monthly Invoice,
interest at the maximum legal rate or at an annual rate of 18%, whichever is
less, shall accrue.

5.10        Suspension
for Failure to Pay.  If Client fails
to make payment within thirty (30) days after receipt of Monthly Invoice,
Engineer may, at its option, after giving seven (7) days’ written notice,
suspend Services until all amounts due to Engineer by Client have been paid in
full.

5.11        Payments from Lawful
Sources.  Client shall provide for
payment from one or more lawful source of all sums to be paid Engineer.

5.12        Withholding Payments.  Engineer’s compensation shall not be
reduced on account of any amounts withheld from payment to Subcontractors.

5.13        Purchase Orders.  If Client issues a purchase order or
other document to initiate the commencement of Services hereunder, it is
expressly agreed that any terms and conditions appearing thereon shall have no
application and only the provisions of this Agreement shall apply.

5.14        Changes in Project.  If Client requests changes in the Project
which affect the Services, compensation for and time of performance of Engineer’s
services shall be adjusted appropriately.

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 8
 

Article 6

Construction Cost and Cost Estimates

6.1          Cost Estimates.  Client and Engineer acknowledge that Engineer
has no control over cost of labor, materials, equipment or services furnished
by others, over contractors’ methods of determining prices, or other
competitive bidding or market conditions and that Engineer’s estimates of
Project construction cost will be made on the basis of its employees’
experience and qualifications and will represent Engineer’s employees’ best
judgment as experienced and qualified professionals, familiar with the
construction industry.  Engineer does not
guarantee that proposal, bids, or actual construction cost will not vary from
its estimates of Project cost and Client acknowledges the same.

Article 7

Termination

7.1          Termination Upon  Default. 
Either party may terminate this Agreement upon twenty (20) days’
written notice if the non-terminating party has defaulted through no fault of
the terminating party.

7.2          Termination Upon
Abandonment of Plant.  Client may
terminate Engineer’s obligation to provide further services upon twenty (20)
days’ written notice if Client abandons development of the Plant.  In such event, all past due amounts for services
rendered (including Subcontractor’s fees, if any) and any unpaid reimbursable
expenses shall be immediately due and payable by Client.

Article 8

Ownership of Work Product

8.1          Work Product.  All tangible items prepared by Engineer,
including but not limited to all drawings, specifications, calculations, data,
notes and other materials and documents, including electronic data furnished by
Engineer to Client and to Subcontractors under this Agreement  (“Work Product”) shall be instruments
of service, and Engineer  shall retain
the ownership and property interests therein, including the copyrights thereto.

8.2          Copies Provided to
Client.  Client may retain copies of
Work Product for reference; provided, however, that Client may not make copies
of the Work Product available without Engineer’s written permission, and,
granted such permission, may only do so to the extent the use of such copies of
the Work Product directly pertains to the Services, the Plant, or the
construction thereof.  Pursuant to Section
8.1 of this Agreement, Engineer retains ownership of and property interests in
any Work Product made available and/or copied.

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 9
 

8.3          Prohibited Use of Work
Product.  Reuse of the Work Product
on any another Project without Engineer’s written consent is prohibited.  Client shall indemnify and hold harmless
Engineer Responsible Parties against claims resulting from such prohibited
reuse.  Said items are not intended to be
suitable for completion of this Project by others.

8.4          Derogation of Engineer’s
Rights to Work Product.  Submittal or
distribution of Work Product in connection with the performance and completion
of the Services and the construction of the Project does not constitute
publication in derogation of Engineer’s rights and does not in any way diminish
Engineer’s Work Product rights established herein.

Article 9

Successors and Assigns

9.1          Successors.  The Parties intend that the provisions of
this Agreement are binding upon the Parties, their employees, agents, heirs,
successors and assigns.

9.2          Written Consent
Required.  Neither Party shall
assign, sublet, or transfer any interest in this Agreement without written
consent of the other; provided, however, that Engineer may employ such
Subcontractors as it may deem appropriate and may transfer or assign any
interest in this Agreement or the Work Product to Design-Builder without consent
of Client.

9.3          No Third-Party
Beneficiaries.  None of the
provisions of this Agreement will be for the benefit of or enforceable by any
person other than the Parties hereto, their successors and permitted assigns
and legal representatives

Article 10

Warranty

10.1        No Warranty Extended.  Engineer shall use reasonable care to
reflect requirements of all Applicable Laws, rules, or regulations of which
Engineer has knowledge or about which Client specifically advises in writing,
which are in effect on the date of this Agreement.  ENGINEER INTENDS TO RENDER SERVICES IN
ACCORDANCE WITH GENERALLY ACCEPTED PROFESSIONAL STANDARDS, BUT NO OTHER
WARRANTY IS EXTENDED, EITHER EXPRESS OR IMPLIED, IN CONNECTION WITH SUCH SERVICES.  Client’s rights and remedies in this
Agreement are exclusive.

10.2        No Responsibility for
Construction.  Engineer shall not be
responsible for construction of the Plant, contractors’ construction means,
methods, techniques, sequences, or procedures, or for contractors’ safety
precautions and programs, or for contractors’ failure according to contract
documents.

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 10
 

Article 11

Indemnification

11.1        Engineer’s
Indemnification.  To the fullest
extent permitted by law, Engineer shall indemnify and hold harmless Client,
Client’s officers, directors, partners, employees, and agents from and against
any and all claims for bodily injury and for damage to tangible property caused
solely by the negligent acts or omissions of Engineer or Engineer Responsible
Parties and Engineer’s Engineers in the performance and furnishing of Engineer’s
Services under this Agreement.  Any
indemnification shall be limited to the terms and amounts of coverage of the
Engineer’s insurance policies.

11.2        Client’s
Indemnification.  To the fullest
extent permitted by law, Client shall indemnify and hold harmless Engineer,
Engineer’s officers, directors, partners, employees, and agents and Engineer’s
Engineers from and against any and all claims for bodily injury and for damage
to tangible property caused solely by the negligent acts of omission of Client
or Client’s officers, directors, partners, employees, agents, and Client’s
Engineers with respect to this Agreement or the Project.

11.3        Hazardous
Materials Indemnification. In addition to the indemnity provided
under this section, and to the fullest extent permitted by law, Client shall
indemnify and hold harmless Engineer and its officers, directors, partners,
employees, and agents and Engineer’s Engineers from and against all claims,
costs, losses, and damages (including but not limited to all fees and charges
of engineers, architects, attorneys, and other professionals and all court or
arbitration or other dispute resolution costs) caused by, arising out of, or
relating to the presence, discharge, release, or escape of asbestos, PCBs,
petroleum, hazardous waste, or radioactive materials at, on, under, or from the
Site.

Article
12

Dispute
Resolution

12.1        Arbitration.  In an effort to resolve any conflicts
that arise out of or relate to this Agreement, the Client and the Engineer
agree that all disputes shall be submitted first to nonbinding mediation.  The mediation shall be conducted in
Minneapolis, Minnesota by a  mutually
agreeable impartial mediator or, if the Parties cannot so agree, a mediator
designated by the American Arbitration Association pursuant to its Construction
Industry Arbitration Rules and Mediation Procedures.  The mediation will be governed by and
conducted pursuant to a mediation agreement negotiated by the Parties or, if
the Parties cannot so agree, by procedures established by the mediator.  Mediation is a condition precedent to
arbitration, unless the Parties agree otherwise.

If mediation does not resolve the conflicts,
the controversy shall be decided by final and binding arbitration conducted in
Minneapolis, Minnesota in accordance with the Construction Industry Arbitration
Rules of the American Arbitration Association then in effect, unless the
Parties 

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 11
 

mutually agree otherwise.  A demand for arbitration shall be made within
a reasonable time after the dispute has arisen, and in no event shall it be
made after the date when institution of legal or equitable proceedings based on
such dispute would be barred by the applicable statute of limitations.  The arbitration shall be governed by the
Federal Arbitration Act.

The award of the arbitrator(s)
shall be final and binding upon the Parties. 
Judgment may be entered upon it by any court having jurisdiction
thereof.

Engineer and Client expressly
agree that any arbitration pursuant to this Section 12.1 may be joined or
consolidated with any arbitration involving any other person or entity (i)
necessary to resolve the claim, dispute or controversy, or (ii) substantially
involved in or affected by such claim, dispute or controversy.  Both Engineer and Client will include
appropriate provisions in all contracts they execute with other parties in
connection with the Services to require such joinder or consolidation.

The prevailing
Party in any arbitration, or any other final, binding dispute proceeding upon
which the Parties may agree, shall be entitled to recover from the other Party
reasonable attorneys’ fees and expenses incurred by the prevailing Party.

Article 13

Confidentiality

13.1        Non-Disclosure
Obligation.  Except as required by court order, subpoena, or
Applicable Law, neither Party shall disclose to third parties any confidential
or proprietary information regarding the other Party’s business affairs,
finances, technology, processes, plans or installations, product information,
know-how, design drawings, specifications, inventions, ideas, or other
information that is received from Engineer pursuant to this Agreement or the
Parties’ relationship prior thereto or is developed pursuant to this Agreement,
without the express written consent of Engineer, which consent shall not be
unreasonably withheld.  The Client shall
at all times use their respective reasonable efforts to keep all information
regarding the terms and conditions of this Agreement confidential and shall
disclose such information to third Persons only as reasonably required for the
permitting of the Project; financing the development, construction, ownership,
operation and maintenance of the Plant; or as reasonably required by Client for
performing its obligations hereunder and if prior to such disclosure, the
Client informs such third Persons of the existence of this confidentiality
obligation and only if such third Persons agree to maintain the confidentiality
of any information received.  This
Article 13 shall not apply to information that was already in the possession of
Client prior to receipt from Engineer, that is now or hereafter becomes a part
of the public domain through no fault of the Client, or that corresponds in
substance to information heretofore or hereafter furnished by third parties
without restriction on disclosure.

13.2        Publicity
and Advertising.  Client shall make
or permit any of its subcontractors, agents, or vendors to make any external announcement
or publication, release 

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 12
 

any photographs or information concerning the Project or any part
thereof, or make any other type of communication to any member of the public,
press, business entity, or any official body which names the Engineer unless
prior written consent is obtained from the Engineer, which consent shall not be
unreasonably withheld.

13.3        Term
of Obligation.  The confidentiality
obligations of the Parties pursuant to this Article 13 shall survive for a
period five (5) years following the later to occur of termination of this
Agreement or completion of the Plant.

Article 14

Miscellaneous

14.1        Governing Law.  This Agreement shall be governed
by and construed and enforced in accordance with, the substantive laws of the
state of Minnesota, without regard to the conflict of laws provisions thereof.

14.2        Severability.  If any provision or any part of a provision of
the Agreement shall be finally determined to be superseded, invalid, illegal,
or otherwise unenforceable pursuant to any applicable Legal Requirements, such
determination shall not impair or otherwise affect the validity, legality, or
enforceability of the remaining provision or parts of the provision of the
Agreement, which shall remain in full force and effect as if the unenforceable
provision or part were deleted.

14.3        No Waiver.  The failure of either Engineer or
Client to insist, in any one or more instances, on the performance of any of
the obligations required by the other under this Agreement shall not be
construed as a waiver or relinquishment of such obligation or right with
respect to future performance.

14.4        Captions
and Headings.  The table of
contents and the headings used in this Agreement are for ease of reference only
and shall not in any way be construed to limit, define, extend, describe,
alter, or otherwise affect the scope or the meaning of any provision of this
Agreement.

14.5        Engineer’s Accounting
Records.  Records of Engineer’s
personnel time, reimbursable expenses, and accounts between parties shall be
maintained on a generally recognized accounting basis.

14.6        Counterparts.  This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original and all of which
together shall be deemed one and the same Agreement, and may be executed and
delivered by facsimile signature, which shall be considered an original.

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 13
 

14.7        Survival.  Notwithstanding any provisions herein to
the contrary, the Work Product provisions set forth in Article 8 and the
indemnity obligations set forth herein shall survive (in full force) the
expiration or termination of this Agreement, and shall continue to apply to the
Parties to this Agreement even after termination of this Agreement or the
transfer of such Party’s interest in this Agreement.

14.8        No Privity with Client’s Contractors.  Nothing in this
Agreement is intended or deemed to create any legal or contractual relationship
between Engineer and any Client contractor or subcontractor retained to perform
the Phase I and Phase II Site work required of Client prior to the issuance of
a Notice to Proceed pursuant to the Design-Build Agreement.

14.9        Amendments.  This Agreement may not be changed,
altered, or amended in any way except in writing signed by a duly authorized
representative of each Party.

14.10      Entire Agreement.  This Agreement consists of the terms and
conditions set forth herein, as well as the Exhibits hereto, which are
incorporated by reference herein and made a part hereof.  This Agreement sets forth the full and
complete understanding of the Parties as of the Effective Date with respect to
the subject matter hereof.

14.11      Notice.  Whenever the Agreement requires
that notice be provided to a Party, notice shall be delivered in writing to
such party at the address listed below. 
Notice will be deemed to have been validly given if delivered (i) in
person to the individual intended to receive such notice, (ii) by registered or
by certified mail, postage prepaid to the address indicated in the Agreement
within four (4) days after being sent, or (iii) by facsimile, by the time
stated in a machine-generated confirmation that notice was received at the
facsimile number of the intended recipient.

If to Engineer, to:

Fagen Engineering LLC

501 W. Highway 212

P. O. Box 159

Granite Falls, MN  56241

Attention: Terrin Torvik

Fax:  (320) 564-4861

with a copy to:

Fagen, Inc.

501 W. Highway 212

P. O. Box 159

Granite Falls, MN  56241

Attention: Bruce Langseth

Fax:  (320) 564-3278

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 14
 

If to Client, to:

Akron Riverview Corn
Processors, LLC

4808 F Avenue

Marcus, IA  51035

Attention: Steve Roe

Fax: (712) 376-2815

14.12      Extent
of Agreement.  This Agreement and the
Exhibits incorporated therein represent the entire agreement between the
Parties and may be amended only by written instrument signed by both Parties.

14.13      Subrogation Waiver.  The Parties waive all rights against each
other, and against the contractors, Engineers, agents, and employees of the
other for damages covered by any property insurance during construction, and
each shall require similar waivers from their contractors, Engineers, and
agents.

[THE NEXT PAGE IS
THE SIGNATURE PAGE]

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 15
 

IN
WITNESS WHEREOF, the Parties hereto have caused their names
to be hereunto subscribed by their officers thereunto duly authorized,
intending thereby that this Agreement shall be effective as of this March 14,
2007.

	
  CLIENT:

  	
   

  	
  ENGINEER:

  
	
   

  	
   

  	
   

  
	
  Akron Riverview Corn
  Processors, LLC

  	
   

  	
  Fagen Engineering, LLC

  
	
  (Name
  of Owner)

  	
   

  	
  (Name of Design-Builder)

  
	
   

  	
   

  	
   

  
	
  /s/ Stephen G.
  Roe

  	
   

  	
  /s/ Terrin B. Torvik

  
	
  (Signature)

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  
	
  Stephen G. Roe

  	
   

  	
  Terrin B. Torvik

  
	
  (Printed
  Name)

  	
   

  	
  (Printed Name)

  
	
   

  	
   

  	
   

  
	
  President

  	
   

  	
  Senior Vice President

  
	
  (Title)

  	
   

  	
  (Title)

  
	
   

  	
   

  	
   

  
	
  Date:

  	
  3/19/07

  	
   

  	
  Date

  	
  :  3/21/07

  
					

 

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 16
 

EXHIBIT
A

Reimbursement
Schedule

FAGEN
ENGINEERING LLC

Fee
Schedule FY 2007

CONFIDENTIAL

	
  TYPICAL ASSIGNMENT

  	
   

  	
  BILLING CLASS

  	
   

  	
  BILLING RATE

  
	
  Clerical / CADD
  Operator

  	
   

  	
  1

  	
   

  	
  [*]

  
	
  Clerical / CADD
  Operator

  	
   

  	
  2

  	
   

  	
  [*]

  
	
  CADD Operator /
  Designer

  	
   

  	
  3

  	
   

  	
  [*]

  
	
  CADD Operator /
  Designer / Engineer

  	
   

  	
  4

  	
   

  	
  [*]

  
	
  Designer /
  Engineer / PM

  	
   

  	
  5

  	
   

  	
  [*]

  
	
  Engineer /
  Senior Engineer / PM

  	
   

  	
  6

  	
   

  	
  [*]

  
	
  Senior Engineer
  / PM

  	
   

  	
  7

  	
   

  	
  [*]

  
	
  Senior Engineer
  / PM

  	
   

  	
  8

  	
   

  	
  [*]

  
	
  Senior Engineer
  / PM / Principal

  	
   

  	
  9

  	
   

  	
  [*]

  
	
  PM / Principal

  	
   

  	
  10

  	
   

  	
  [*]

  
	
  Principal

  	
   

  	
  11

  	
   

  	
  [*]

  
	
  Principal

  	
   

  	
  12

  	
   

  	
  [*]

  
	
  Principal

  	
   

  	
  13

  	
   

  	
  [*]

  

 

Subject
to Revision January 1, 2008

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 17
 

EXHIBIT
B

Reimbursable
Expense Schedule

Fagen Engineering LLC

Reimbursable
Expense Billing Schedule

Effective
January 1, 2007

CONFIDENTIAL

	
  Expense Code

  	
   

  	
  Expense
  Description

  	
   

  	
  Billing Rate

  
	
   

  	
   

  	
   

  	
   

  	
  [*]

  
	
  BCA

  	
   

  	
  Blackline Print Copy — A

  	
   

  	
  [*]

  
	
  BCB

  	
   

  	
  Blackline Print Copy — B

  	
   

  	
  [*]

  
	
  BCC

  	
   

  	
  Blackline Print Copy — C

  	
   

  	
  [*]

  
	
  BCD

  	
   

  	
  Blackline Print Copy — D

  	
   

  	
  [*]

  
	
  BCE

  	
   

  	
  Blackline Print Copy — E

  	
   

  	
  [*]

  
	
  BOA

  	
   

  	
  Paper Print Original — A

  	
   

  	
  [*]

  
	
  BOB

  	
   

  	
  Paper Print Original — B

  	
   

  	
  [*]

  
	
  BOC

  	
   

  	
  Paper Print Original — C

  	
   

  	
  [*]

  
	
  BOD

  	
   

  	
  Paper Print Original — D

  	
   

  	
  [*]

  
	
  BOE

  	
   

  	
  Paper Print Original — E

  	
   

  	
  [*]

  
	
  DISK

  	
   

  	
  Floppy Disk 31⁄2”/ea

  	
   

  	
  [*]

  
	
  FAX

  	
   

  	
  Fax Machine Usage/Page

  	
   

  	
  [*]

  
	
  LD

  	
   

  	
  Long Distance Phone Calls

  	
   

  	
  [*]

  
	
  LODGING

  	
   

  	
  Lodging

  	
   

  	
  [*]

  
	
  MEALS

  	
   

  	
  Meal Expense

  	
   

  	
  [*]

  
	
  MILEAGE

  	
   

  	
  Mileage/Mile

  	
   

  	
  [*]

  
	
  PC1

  	
   

  	
  Photocopies 81⁄2x11 (<100)/ea

  	
   

  	
  [*]

  
	
  PC2

  	
   

  	
  Photocopies 11x17/ea

  	
   

  	
  [*]

  
	
  PC3

  	
   

  	
  Photocopies 8(1/2)x11 (>100)/ea

  	
   

  	
  [*]

  
	
  PO

  	
   

  	
  Postage

  	
   

  	
  [*]

  
	
  PROSVC

  	
   

  	
  Outside Professional Services

  	
   

  	
  [*]

  
	
  PROSVCEXP

  	
   

  	
  Outside Professional Services Expenses

  	
   

  	
  [*]

  
	
  FLM

  	
   

  	
  Film & Developing

  	
   

  	
  [*]

  
	
  SPECCOV

  	
   

  	
  Specification Book - Cover & Binder/ea

  	
   

  	
  [*]

  
	
  TRANS

  	
   

  	
  Transportation

  	
   

  	
  [*]

  
	
  UPS

  	
   

  	
  Delivery Service Charges

  	
   

  	
  [*]

  
	
  VELLUM

  	
   

  	
  Original Print/square foot

  	
   

  	
  [*]

  
	
   

  	
   

  	
   

  	
   

  	
  [*]

  

 

Subject
to Revision January 1, 2008

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 18
 

EXHIBIT C

Client’s
Deliverable Site Obligations

Phase
I Deliverables

Prior
to Engineer’s commencement of the Phase I Design Package work, the Client shall
provide Engineer with the following Phase I Deliverables:

1.               A
legal description of the Site

2.               Temporary
and permanent easements, zoning, and other requirements and encumbrances
affecting land use or necessary to permit the proper design and construction of
the Project and enable Design-Builder to perform the Work

3.               To
the extent available, as-built and record drawings of any existing structures
at the Site

4.               Environmental
studies, reports and impact statements describing the environmental conditions,
including Hazardous Conditions, in existence at the Site

5.               Topographic
Survey to one (1) foot contours including property boundaries and at least two
(2) benchmarks including existing service and utility lines.

6.               Any
special sizing or other requirements for ethanol storage tank farm.

7.               Preliminary
approval from Client’s Rail service provider of rail design as prepared by
Client’s Rail Designer.

8.               Preliminary
location and design of administration building.

9.               Client’s
written approval of final site layout including rail design and environmental
permitting emission points.

10.         Soil
borings logs for all soil borings complete at Engineer’s specified locations.

11.         Geotechnical
Report regarding subsurface conditions with Client’s Geotechnical Engineer’s
recommendations from Engineer approved Geotechnical Engineer (Terracon is
preferred) including soil borings, and any other surveys or information
available describing other latent or concealed physical conditions at the Site.

12.         Review,
comment, and written approval of Client’s air permit application.

13.         Owner
is required to provide approval of and understand the cost implications of the
soil stabilization and foundation systems required for the project.  This approval will be based on the
recommendations of the geotechnical and structural engineers.

14.         Location
and form for delivery of temporary electrical service.

15.         On-site
location for Storm Water discharge.

16.         Preliminary
NPDES discharge location for water discharges from utility discharges
including, but not limited to the water pre-treatment system, water softeners,
and cooling tower blowdown.

17.         Final
indication of source, analysis, and location of Client’s water supply.

18.         Client’s
risk insurance provider’s specific requirements for fire protection or approval
to design fire protection to Liberty Insurance standards.

19.         Construction of a lined
settling pond with wetland discharge for receiving the ethanol plant non-contact
waste streams and filter backwash (if applicable) is required.  Provide verification that an application for
a permit to construct the settling pond has been applied 

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 19
 

for.  The approval process can take in excess of 6
months.  Pond construction cannot begin
until receipt of permit.

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 20
 

Phase
II Deliverables

Prior
to Engineer’s commencement of the Phase II Design Package work, the Client
shall provide Engineer with the following Phase II Deliverables:

1.               Off-site
utility tie-in locations at or near the property lines (this includes, but is
not limited to, gas supply, electrical supply, water supply if no on-site
wells, on-site or off-site sanitary sewer)

2.               Final
NPDES discharge location for Utility Water Blowdown.

3.               An
insurance provider to allow the proper positioning and number of required
hydrants and hydrants with monitors.

4.               Written
approval of final rail design from the Client’s rail service provider.

5.               Final
location and design (general arrangement) of the Client’s administration
building.

6.               Owner
is to execute side-letter agreements with Design-Builder as necessary for the
design and construction of a water pre-treatment as outlined in Exhibit C of
the Design/Build Contract.

7.               Design and location
of sanitary sewer discharge point of septic system.

*
Portions of this exhibit have been omitted pursuant to a request for
confidential treatment and have been filed with the United States Securities
and Exchange Commission.

 21

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