Document:

EXIBIT 10.3 TO SOY ENERGY, LLC FORM 10-Q FOR THE QUARTER ENDED 04-30-2010

Exhibit 10.3

	
  

 	
  

 
	
 

 	
 Industrial 
Services, LLC

 

Soy Energy

Freedom Fuels’ Plant Modifications

Phase 1 Engineering Services— Scope Definition

          THIS
PHASE 1 ENGINEERING SERVICES AGREEMENT (the “Agreement”) is entered into as of
April 6, 2010 (“Effective Date”) by and between Ball Industrial Services, LLC
(“BIS”) and Soy Energy, LLC (“Soy”).

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

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Project Objective:

 	
  

 
	
  

 	
 Ÿ

 	
 Soy retains BIS to
 perform, and BIS agrees to perform, the engineering and consultation services
 set forth in this Agreement.

 
	
  

 	
 Ÿ

 	
 The project is all of the
 required and necessary modifications of the Freedom Fuels biodiesel plant in
 Mason City, Iowa, to allow the biodiesel plant to use 100% Corn Stillage Oil
 (CSO) as a feedstock for the conversion to ASTM quality biodiesel fuel
 (Work);

 
	
  

 	
 Ÿ

 	
 BIS has submitted to Soy
 for review a preliminary draft contract “Soy Energy - BIS Agreement - RE00”,
 which is a Cost of Work Plus a 10% Fee (based on Cost of Work) with a
 Guaranteed Maximum Price Agreement (G-Max Agreement);

 
	
  

 	
 Ÿ

 	
 BIS shall perform all the
 preliminary engineering services necessary for it to determine (collectively,
 the Phase 1 Package):

 
	
  

 	
  

 	
 Ÿ

 	
  

 	
 The Guaranteed Maximum
 Price for the entire Work;

 
	
  

 	
  

 	
 Ÿ

 	
  

 	
 The initial Project
 Schedule for the Work; and,

 
	
  

 	
  

 	
 Ÿ

 	
  

 	
 The Cash Flow requirements
 for the Work.

 
	
  

 	
 Ÿ

 	
 BIS shall complete the
 engineering services and deliver the Phase 1 Package no later than 45 days
 after the Effective Date.

 
	
  

 	
  

 	
 Ÿ

 	
 This presumes the timely
 cooperation from Crown Ironworks.

 
	
  

 	
  

 	
 Ÿ

 	
 BIS will have 10 days from
 the time all the G-Max Agreement terms & conditions are finalized and
 mutually agreed upon to submit to. Soy the Guaranteed Maximum Price.

 
	
  

 
	
 Engineering Services/Consultation:

 
	
  

 	
 Ÿ

 	
 As needed BIS shall
 schedule and conduct meetings with Soy to discuss such matters as
 specifications, procedures, progress, coordination, and scheduling of the
 Work.

 
	
  

 	
 Ÿ

 	
 BIS shall advise Soy on
 proposed site use, improvements, selection of materials, building systems and
 equipment related to the Work.

 
	
  

 	
 Ÿ

 	
 BIS shall also provide
 recommendations consistent with the Work requirements to Soy on
 constructability; availability of materials and labor; time requirements for
 procurement, installation and construction; and factors related to
 construction cost including, but not limited to, costs of alternative designs
 or materials, preliminary budgets, life-cycle data, and possible cost
 reductions.

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Schedule

 	
  

 
	
  

 	
 Ÿ

 	
 When Work requirements
 have been sufficiently identified; BIS shall prepare a Work schedule for
 Soy’s acceptance.

 
	
  

 	
 Ÿ

 	
 The Work schedule shall
 coordinate and integrate BIS’s services, and Soy’s responsibilities and
 identify items that could affect the Work’s timely completion.

 
	
  

 	
 Ÿ

 	
 The Work schedule shall
 include the following:

 
	
  

 	
  

 	
  

 	
 Ÿ

 	
 Components of the Work;

 
	
  

 	
  

 	
  

 	
 Ÿ

 	
 Times of commencement and
 completion required of each Subcontractor;

 
	
  

 	
  

 	
  

 	
 Ÿ

 	
 Ordering and delivery of
 products, including those that must be ordered well in advance of
 construction; and,

 
	
  

 	
  

 	
  

 	
 Ÿ

 	
 The impact on Soy’s use of
 the facility.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Soy’s Responsibilities:

 
	
  

 	
 Ÿ

 	
 Soy shall provide BIS
 information with reasonable promptness, regarding requirements for and
 limitations on the Work, including objectives, constraints, and criteria,
 including schedule and other site requirements.

 
	
  

 	
 Ÿ

 	
 Soy shall furnish BIS with
 any information, to the extent Soy has the rights to do so, under Soy’s
 control and relevant to BIS’s performance of the Work with reasonable
 promptness after receiving BIS’s request for such information or services.

 
	
  

 	
 Ÿ

 	
 BIS shall be entitled to
 rely on the accuracy of information furnished by Soy but shall exercise
 proper precautions relating to the safe performance of the Work.

 
	
  

 	
 Ÿ

 	
 Soy shall furnish BIS all
 tests, inspections and reports, to the extent that Soy has the rights to do
 so, in their possession or obtainable by them, such as structural,
 mechanical, and chemical tests, tests for air and water pollution, and tests
 for hazardous materials.

 
	
  

 	
 Ÿ

 	
 Soy shall coordinate with
 Crown Ironworks all aspects of the Crown process and provide to BIS all the
 necessary process information to integrate the new modifications,

 
	
  

 	
  

 	
  

 	
 Ÿ

 	
 Alternatively, Soy shall
 facilitate the direct liaison between BIS and Crown.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Soy’s Designated Representative:

 
	
 Soy shall identify a
 representative authorized to act on behalf of Soy with respect to the Work.

 
	
  

 	
 Ÿ

 	
 Soy’s representative shall
 render decisions promptly and furnish information expeditiously, so as to
 avoid unreasonable delay in the services or Work of BIS.

 
	
  

 	
 Ÿ

 	
 The term “Soy” means Soy
 Energy, LLC or Soy’s authorized representative.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Phase Engineering Compensation:

 
	
 In consideration of the
 performance of BIS’s Phase 1 engineering services provided under this
 Agreement, Soy shall pay BIS a fee as follows (Phase 1 Fee):

 
	
  

 	
 Ÿ

 	
 The total Phase 1
 Engineering Fee is $125,000 (One-Hundred Twenty-five Thousand U.S. Dollars);

 
	
  

 	
  

 	
  

 	
 Ÿ

 	
 Initial Payment: $62,500
 will be paid upon execution of this Agreement.

 
	
  

 	
  

 	
  

 	
 Ÿ

 	
 Final Payment: $62,500 is
 due upon delivery of the Phase 1 Package.

 
	
  

 	
 Ÿ

 	
 The full amount of the
 Phase 1 Fee shall be shall be included in and credited to the Guaranteed
 Maximum Price for the Work but shall not be subject to the 10% fee to be paid
 to BIS.

 
	
  

 	
 Ÿ

 	
 BIS shall submit invoices
 for each payment of the Phase 1 Fee and shall execute and provide Soy with a
 mechanic’s lien waiver, in the form required by Soy, related to the requested
 Phase 1 Fee payment, and shall cooperate with Soy and provide such other
 supporting evidence as may be requested by Soy’s lender or its title company.

 

	
  

 	
  

 	
  

 	
  

 
	
 Instruments of Service:

 
	
  

 	
 Ÿ

 	
 Instruments of Service are
 representations, in any medium of expression now known or later developed, of
 the tangible & intangible work performed by BIS and BIS’s consultants.

 
	
  

 	
 Ÿ

 	
 Instruments of Service may
 include, without limitation, studies, surveys, models, sketches, drawings,
 specifications, and other similar materials.

 
	
  

 	
  

 	
  

 	
  

 
	
 Ownership and Use of Documents

 
	
  

 	
 Ÿ

 	
 BIS and BIS’s consultants
 shall be deemed the authors and owners of their respective Instruments of
 Service, including the Drawings and Specifications, and will retain all
 common law, statutory and other reserved rights, including copyrights.

 
	
  

 	
 Ÿ

 	
 BIS grants to Soy an
 irrevocable license to use the Instruments of Service, including any work
 product with respect to the Work, for use with respect to Soy’s project for
 which the Instruments of Service, including any work product, was prepared.
 Client may retain copies of the Instruments of Service, including any work
 product, for reference.

 
	
  

 	
  

 	
  

 	
 Ÿ     Under
 no circumstances is Soy allowed to transmit, show, describe or otherwise
 share any information with a BIS competitor, potential competitor, their Agent
 or Representative any of BIS’s Instruments of Service or work products. 

 
	
  

 	
  

 	
  

 	
 Ÿ     Neither
 is Soy allowed to use any Instruments of Service or work products to solicit
 quotations, bids or proposals for the Work.

 
	
  

 	
 Ÿ

 	
 The Subcontractors,
 Sub-subcontractors, and material or equipment suppliers shall not own or
 claim a copyright in the Instruments of Service. Submittal or distribution to
 meet official regulatory requirements or for other purposes in connection
 with this Project is not to be construed as publication in derogation of
 BIS’s or BIS’s consultants’ reserved rights.

 
	
  

 	
  

 	
  

 	
  

 
	
 Termination

 
	
  

 	
 Ÿ

 	
 Soy may terminate this
 Agreement upon fifteen (15) days written notice for any reason. In case of
 such termination without cause, BIS shall be entitled to receive payment for
 Work completed through the date of termination. Soy shall receive credit for
 any payments made to BIS under this Agreement against any such costs and
 Work,

 
	
  

 	
 Ÿ

 	
 If either Party breaches
 any of the terms and conditions under this Agreement, the non-breaching Party
 may provide written notice to the breaching Party specifying the breach, and
 the breaching Party shall have fifteen (15) days after the date of notice to
 cure the specified breach. If the breaching Party does not cure the breach
 within the fifteen (15) day period, the non-breaching Party, by written
 notice to the breaching Party, may terminate the Agreement.

 
	
  

 	
 Ÿ

 	
 Upon termination, the
 obligations of the parties under this Agreement shall terminate and be of no
 further force or effect.

 
	
  

 	
  

 	
  

 	
  

 
	
 No Assignment

 
	
  

 	
 Ÿ

 	
 Neither party to this
 Agreement may assign its duties and obligations under this Agreement without
 the prior written consent of the other party.

 
	
  

 	
  

 	
  

 	
  

 
	
 Miscellaneous

 
	
  

 	
 Ÿ

 	
 This Agreement shall be
 governed by and construed and enforced in accordance with the laws of the
 state of Iowa.

 
	
  

 	
 Ÿ

 	
 If any provision of this
 Agreement shall be determined to be 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 provisions of this Agreement, which shall
 remain in full force and effect.

 
	
  

 	
 Ÿ

 	
 The failure of BIS or Soy
 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. 

 

	
  

 	
  

 	
  

 
	
  

 	
 Ÿ

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

 
	
  

 	
 Ÿ

 	
 This Agreement sets forth
 the full and complete understanding of the parties to this Agreement with
 respect to the subject matter hereof.

 
	
  

 	
  

 	
  

 
	
  

 	
 IN WITNESS WHEREOF, the
 parties to this Agreement have caused this Agreement to be executed as of the
 Effective Date.

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Ball Industrial Services,
 LLC

 	
  

 	
 Soy Energy, LLC

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ James D. Hegberg

 	
  

 	
 By:

 	
 /s/ Charles Sand

 
	
  

 	
  

 	

 

 	
  

 	
  

 	

 

 
	
  

 	
 Its:

 	
 Vice President

 	
  

 	
 Its:

 	
 ChairmanEXIBIT 10.4 TO SOY ENERGY, LLC FORM 10-Q FOR THE QUARTER ENDED 04-30-2010

Exhibit 10.4

SETTLEMENT AND TERMINATION AGREEMENT

          This
Settlement and Termination Agreement (this “Agreement”) is entered into as of
the 31st day of March 2010 by and between New Equity, LLC, an Iowa
limited liability company (“New Equity”); Outsource Services Management, LLC, a
Nevada limited liability company (“OSM”); OSM–REO FF, LLC, a Minnesota limited
liability company (“OSM-REO”); and Soy Energy, LLC, an Iowa limited liability
company (“Soy Energy”). New Equity, OSM, OSMREO and Soy Energy may hereinafter
be collectively referred to as the “Parties” and individually a “Party”).

RECITALS

	
  

 	
  

 	
  

 
	
  

 	
 A.

 	
 Soy Energy and New
 Equity entered into a Unit Purchase Agreement dated on or about July 29, 2009
 (the “UPA”) providing for the sale and issuance of membership interests of
 Soy Energy to New Equity in exchange for the consideration described therein;

 
	
  

 	
  

 	
  

 
	
  

 	
 B.

 	
 Soy Energy entered into
 an Asset Purchase Agreement dated on or about July 29, 2009 (the “APA”) with
 Freedom Fuels, LLC, an Iowa limited liability company as debtor-in-possession
 under Title 11 of the United States Code (“Freedom Fuels”), in a case before
 the Bankruptcy Court for the Northern District of Iowa (the “Bankruptcy
 Proceeding”).

 
	
  

 	
  

 	
  

 
	
  

 	
 C.

 	
 New Equity, on several
 occasions made advances (the “DIP Advances”) to Freedom Fuels pursuant to a
 Loan Agreement between Freedom Fuels and New Equity dated June 5, 2009 (the
 “DIP Loan”).

 
	
  

 	
  

 	
  

 
	
  

 	
 D.

 	
 OSM has brought a
 Motion seeking an Order in the Bankruptcy Proceeding compelling New Equity to
 make further advances to Freedom Fuels pursuant to the DIP Loan
 (collectively, the “Motion”).

 
	
  

 	
  

 	
  

 
	
  

 	
 E.

 	
 The Parties desire to
 release certain claims specifically described herein and to terminate the UPA
 upon the terms and conditions provided herein in the event that Soy Energy
 purchases or otherwise acquires, either directly or indirectly through its
 affiliates or subsidiaries, the biodiesel production facility and other
 property previously owned by Freedom Fuels (for purposes hereof the
 consummation of such purchase through the delivery of all consideration and
 satisfaction or waiver of all closing conditions as, the “Acquisition”).

 

          NOW,
THEREFORE, for the mutual covenants set forth in this Agreement and other good
and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties agree as follows:

1

	
  

 	
  

 	
  

 
	
  

 	
 1.

 	
 Termination.
 Upon the consummation of the Acquisition (delivery of deeds of conveyance)
 and, upon satisfaction of the conditions and delivery of the payments set
 forth herein, the UPA shall automatically and immediately terminate pursuant
 to Section 5.1 of the UPA without any further action by New Equity or Soy
 Energy. New Equity and Soy Energy acknowledge and agree that such termination
 also results in the termination of the “Exclusivity Period” as such term is
 defined in Section 3.9(c) of the UPA. Upon termination, the UPA shall be
 cancelled in its entirety, its provisions shall be of no further force and
 effect, and Soy Energy and New Equity shall be released from any and all
 future, past, or present obligations under the UPA. 

 
	
  

 	
  

 	
  

 
	
  

 	
 2.

 	
 Payment.
 In consideration for the termination of the UPA and the release of any and
 all claims arising out of the UPA and the Acquisition, and only in the event
 that Soy Energy consummates the Acquisition (the consummation of the
 Acquisition through the delivery of deeds of conveyance being referred to as
 the “Effective Date”), Soy Energy shall, on the Effective Date, pay to New
 Equity an amount equal to the actual costs and expenses incurred by New Equity
 related to the Freedom Fuels biodiesel production facility including, without
 limitation, amounts advanced or loaned pursuant to the DIP Loan plus all of
 New Equity’s expenses incurred since its formation including, without
 limitation, legal accounting and other expenses related to its formation and
 organization, related to negotiation and execution of the UPA, related to the
 Bankruptcy Proceeding, and related to negotiations with Soy Energy and OSM,
 up to an aggregate amount of $375,000 (the “Termination Payment”). In no
 event shall the Termination Payment exceed $375,000. Prior to the payment of
 the Termination Payment, New Equity shall provide to Soy Energy written
 documentation and evidence of the actual costs and expenses incurred by New
 Equity. Soy Energy shall pay the Termination Payment on the Effective Date of
 the Acquisition; provided, however, that the Termination Payment shall be
 made only if, and to the extent that, New Equity has delivered to Soy Energy
 the written documentation an evidence required by this section. Satisfactory
 written documentation shall include, without limitation, copies of cancelled
 checks issued or invoices received. The Termination Payment is expressly
 subject to and contingent on (i) the closing of the Acquisition and (ii) the
 delivery to Soy Energy of written evidence of expenses as provided in this
 section.

 
	
  

 	
  

 	
  

 
	
  

 	
 3.

 	
 Agreement to Release
 Certain Direct Claims. Upon the occurrence of the
 Acquisition, OSM will pursuant to Section 4 of this Agreement release New
 Equity and its affiliates and representatives, in full, from certain direct
 claims it alleges against New Equity in the amount of $77,595 related to the
 following (the “Direct Claims”):

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Taxes:

 	
  

 	
 $

 	
 48,897

 
	
  

 	
 Deposit for payment of claims:

 	
  

 	
 $

 	
 25,000

 
	
  

 	
 Administrative matters:

 	
  

 	
 $

 	
   3,698

 

2

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Upon the effectiveness
 of the releases set forth in Section 4 below, OSM agrees that it will not
 seek reimbursement or payment of specifically the Direct Claims pursuant to
 the Motion (as defined above); it being the understanding and agreement,
 however, that OSM may at any time pursue recovery of all other claims, direct
 or indirect, against or pertaining to matters involving New Equity under or
 pursuant to the Motion or pursuant to any other motion or remedy.

 
	
  

 	
  

 
	
  

 	
 4.

 	
 Mutual Release.
 Upon the occurrence of the Acquisition and, upon satisfaction of each of the
 following conditions and delivery of each payment as set forth herein by each
 Party:

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 a.

 	
 Soy Energy irrevocably
 releases New Equity and its affiliates and representatives, including,
 without limitation, their officers, directors and managers, in full, from any
 and all present, past and future claims, actions losses, expenses, and
 damages, of any kind or nature, now known, unknown or hereafter arising in contract,
 tort or otherwise, in connection with, related to or arising out of the UPA.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 b.

 	
 New Equity irrevocably
 releases Soy Energy and its affiliates and representatives, including,
 without limitation, their officers, directors and managers, in full, from any
 and all present, past and future claims, actions losses, expenses, and
 damages, of any kind or nature, now known, unknown or hereafter arising in
 contract, tort or otherwise, in connection with, related to or arising out of
 the UPA or the Acquisition.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 c.

 	
 New Equity irrevocably
 releases OSM and OSM-REO FF, LLC and their respective affiliates and
 representatives, including, without limitation, their officers, directors,
 managers, and loan participants, in full, from any and all present, past and
 future claims, actions losses, expenses, and damages, of any kind or nature,
 now known, unknown or hereafter arising in contract, tort or otherwise, in
 connection with, related to or arising out of the UPA, the Acquisition and
 the Direct Claims.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 d.

 	
 OSM irrevocably
 releases New Equity and its affiliates and representatives, including,
 without limitation, their officers, directors and managers, in full, from the
 Direct Claims and any and all actions, losses, expenses and damages, of any
 kind or nature, now known, unknown, or hereafter arising in contract, tort,
 or otherwise in connection solely with or related solely to the Direct
 Claims; it being the understanding, however, that OSM does not release its
 other direct or indirect claims against New Equity as noted above in Section
 3 of this Agreement.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 5.

 	
 No Admission.
 The Parties make and enter into this Agreement to settle all potential
 disputes arising from the UPA and the Direct Claims and to avoid the costs of
 litigation. Nothing in this Agreement shall constitute an admission of
 liability on the part of the Parties or the admission or acknowledgement of
 any issue, term or matter related to the UPA, the Acquisition, and the Direct
 Claims.

 

3

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 6.

 	
 Representations and
 Warranties. Each Party represents and warrants as follows:

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 a.

 	
 Such Party has all
 requisite power and authority to enter into this Agreement and to consummate
 the transactions contemplated in this Agreement.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 b.

 	
 This Agreement has been
 duly executed and delivered by such Party and constitutes the valid and
 binding obligation of such Party, enforceable in accordance with its terms.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 7.

 	
 Counterparts.
 This Agreement may be executed in one or more counterparts, all of which
 shall be considered one and the same agreement, effective when one or more
 counterparts have been signed by each of the Parties and delivered to the
 other Parties.

 
	
  

 	
  

 	
  

 
	
  

 	
 8.

 	
 Scope of Agreement.
 This Agreement constitutes the entire agreement between the Parties with
 regard to the subject matter hereof.

 
	
  

 	
  

 	
  

 
	
  

 	
 9.

 	
 Modifications.
 This Agreement shall only be modified by written agreement executed by all
 Parties.

 
	
  

 	
  

 	
  

 
	
  

 	
 10.

 	
 Successors and Assigns.
 This Agreement shall be binding upon, and inure to the benefit of, the
 Parties and their respective successors, heirs, administrators and assigns.

 
	
  

 	
  

 	
  

 
	
  

 	
 11.

 	
 Severability.
 In the event that any provision of this Agreement or the application thereof
 becomes or is declared by a court of competent jurisdiction to be illegal,
 void, or unenforceable, the remainder of this Agreement will continue in full
 force and effect and the application of such provision to other persons or
 circumstances will be interpreted so as to reasonably effect the intent of
 the Parties. The Parties further agree to replace such void or unenforceable
 provisions of this Agreement with a valid and enforceable provision that will
 achieve, to the extent possible, the economic, business and other purposes of
 such void or unenforceable provision.

 
	
  

 	
  

 	
  

 
	
  

 	
 12.

 	
 Governing Law.
 This Agreement shall be governed by and construed in accordance with the laws
 of the State of Iowa, regardless of the laws that might otherwise govern
 under applicable principles of conflicts of law.

 

4

          IN WITNESS WHEREOF, the Parties have executed this agreement as first
written above.

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 NEW EQUITY LLC

 	
 SOY ENERGY, LLC

 
	
 An Iowa Limited Liability Company

 	
 An Iowa Limited Liability Company

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 By: 

 	
 /s/ David C. Quinlan

 	
  

 	
 By:

 	
 /s/ Charles Sand

 
	
  

 	
   

 	
  

 	
  

 	
   

 
	
 Its: 

 	
 Chairman

 	
  

 	
 Its:

 	
 Chairman

 
	
  

 	
   

 	
  

 	
  

 	
   

 
	
  

 	
  

 
	
 OUTSOURCE SERVICES

 	
 OSM-REO FF, LLC

 
	
 MANAGEMENT, LLC

 	
 a Minnesota Limited Liability Co.

 
	
 A Nevada Limited Liability Co.

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 By: 

 	
 /s/ Stephanie Lunde

 	
  

 	
 By:

 	
 /s/ Stephanie Lunde

 
	
  

 	
   

 	
  

 	
  

 	
   

 
	
 Its: 

 	
 SVP

 	
  

 	
 Its:

 	
      VP

 
	
  

 	
   

 	
  

 	
  

 	
   

 

5

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