Document:

exv10w3

 

EXHIBIT 10.3

PHASE I AND PHASE II

ENGINEERING SERVICES AGREEMENT

BETWEEN

SIOUXLAND ETHANOL, LLC

AND

FAGEN ENGINEERING, LLC

September 28, 2005

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	Article 2	 	          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	 	 	4	 
	 
	 	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	 	 	5	 
	 
	 	 	 	 	 	 	 	 
	 
	 	4.1	 	Client’s Representative	 	 	5	 
	 
	 	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	 	 	6	 
	 
	 	4.10	 	Deviation from Design	 	 	6	 
	 
	 	4.11	 	Developments Affecting Scope or Timing of Services	 	 	7	 
	 
	 	 	 	 	 	 	 	 
	Article 5	 	          Compensation And Payment	 	 	7	 
	 
	 	 	 	 	 	 	 	 
	 
	 	5.1	 	Compensation	 	 	7	 
	 
	 	5.2	 	Reimbursement of Subcontractor Expenses	 	 	7	 
	 
	 	5.3	 	Fees for Work Outside Scope of Services	 	 	7	 
	 
	 	5.4	 	Collection of Unpaid Amounts	 	 	7	 
	 
	 	5.5	 	Invoices	 	 	7	 
	 
	 	5.6	 	Payment	 	 	7	 
	 
	 	5.7	 	Late Payment and Interest	 	 	7	 
	 
	 	5.8	 	Suspension for Failure to Pay	 	 	8	 
	 
	 	5.9	 	Payment	 	 	8	 
	 
	 	5.10	 	Withholding Payments	 	 	8	 

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Table of Contents

(continued)

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 
	 	5.11	 	Purchase Orders	 	 	8	 
	 
	 	5.12	 	Changes in Project	 	 	8	 
	 
	 	 	 	 	 	 	 	 
	Article 6	 	          Construction Cost And Cost Estimates	 	 	8	 
	 
	 	 	 	 	 	 	 	 
	 
	 	6.1	 	Cost Estimates	 	 	8	 
	 
	 	 	 	 	 	 	 	 
	Article 7	 	          Termination	 	 	8	 
	 
	 	 	 	 	 	 	 	 
	 
	 	7.1	 	Termination Upon Default	 	 	8	 
	 
	 	7.2	 	Termination Upon Abandonment of Plant	 	 	8	 
	 
	 	 	 	 	 	 	 	 
	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	 	 	9	 
	 
	 	8.4	 	Derogation of Engineer’s Rights to Work Product	 	 	9	 
	 
	 	 	 	 	 	 	 	 
	Article 9	 	          Successors and Assigns	 	 	9	 
	 
	 	 	 	 	 	 	 	 
	 
	 	9.1	 	Successors	 	 	9	 
	 
	 	9.2	 	Written Consent Required	 	 	9	 
	 
	 	9.3	 	No Third-Party Beneficiaries	 	 	9	 
	 
	 	 	 	 	 	 	 	 
	Article 10	 	          Warranty	 	 	10	 
	 
	 	 	 	 	 	 	 	 
	 
	 	10.1	 	No Warranty Extended	 	 	10	 
	 
	 	10.2	 	No Responsibility for Construction	 	 	10	 
	 
	 	 	 	 	 	 	 	 
	Article 11	 	          Indemnification	 	 	10	 
	 
	 	 	 	 	 	 	 	 
	 
	 	11.1	 	Engineer’s Indemnification	 	 	10	 
	 
	 	11.2	 	Client's Indemnification	 	 	10	 
	 
	 	11.3	 	Hazardous Materials Indemnification	 	 	10	 
	 
	 	 	 	 	 	 	 	 
	Article 12	 	          Dispute Resolution	 	 	11	 
	 
	 	 	 	 	 	 	 	 
	 
	 	12.1	 	Arbitration	 	 	11	 
	 
	 	 	 	 	 	 	 	 
	Article 13	 	          Confidentiality	 	 	11	 
	 
	 	 	 	 	 	 	 	 
	 
	 	13.1	 	Non-Disclosure Obligation	 	 	11	 
	 
	 	13.2	 	Publicity and Advertising	 	 	12	 
	 
	 	13.3	 	Term of Obligation	 	 	12	 
	 
	 	 	 	 	 	 	 	 
	Article 14	 	          Miscellaneous	 	 	12	 
	 
	 	 	 	 	 	 	 	 
	 
	 	14.1	 	Governing Law	 	 	12	 
	 
	 	14.2	 	Severability	 	 	12	 
	 
	 	14.3	 	No Waiver	 	 	12	 
	 
	 	14.4	 	Captions and Headings	 	 	12	 
	 
	 	14.5	 	Engineer’s Accounting Records	 	 	12	 

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Table of Contents

(continued)

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 
	 	14.6	 	Counterparts	 	 	12	 
	 
	 	14.7	 	Survival	 	 	13	 
	 
	 	14.8	 	No Privity with Client’s Contractors	 	 	13	 
	 
	 	14.9	 	Amendments	 	 	13	 
	 
	 	14.10	 	Entire Agreement	 	 	13	 
	 
	 	14.11	 	Notice	 	 	13	 
	 
	 	14.12	 	Extent of Agreement	 	 	14	 
	 
	 	14.13	 	Subrogation Waiver	 	 	14	 
	 
	 	 	 	 	 	 	 	 
	EXHIBIT A	 	     Not used for this Contract	 	 	16	 
	 
	 	 	 	 	 	 	 	 
	EXHIBIT B	 	     Not used for this Contract	 	 	17	 
	 
	 	 	 	 	 	 	 	 
	EXHIBIT C	 	     Client’s Deliverable Site Obligations	 	 	18	 

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PHASE I AND PHASE II

ENGINEERING SERVICES AGREEMENT

     THIS PHASE I AND PHASE II ENGINEERING SERVICES AGREEMENT (the “Agreement”) is made as
of September 28, 2005, (the “Effective Date”) by and between Siouxland Ethanol, LLC, a
Nebraska 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 50 million gallons per year dry grind ethanol production
facility to be located in Jackson, Nebraska (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.

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	 	(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.

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

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

Phase II Deliverables will mean the Client’s deliverable obligations pursuant to Exhibit C

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

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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)

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 60 days after the receipt of all Phase I Deliverables.

     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)

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	 	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 2 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 60 days after the receipt of all Phase II Deliverables.

     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.

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.

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     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.

     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 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 Project that are outside 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-

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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 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 $92,500 (“Fixed
Fee”) as compensation. Engineer’s compensation under this Section 5.1 shall be pursuant to the
Time Fee schedule attached hereto as Exhibit A, as such schedule may be modified from time to time.
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 Subcontractor Expenses.

          5.2.1 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.

          5.2.2 Subcontractor reimbursable expenses will be marked up 10% in accordance with the
Subcontractor’s invoices for the work.

     5.3 Fees for Work Outside Scope of Services. Fees for all work outside the scope of
Engineer’s responsibilities described in Article 3, including change order work, shall be
compensated as mutually agreed to in writing.

     5.4 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.

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

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

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

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     5.8 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.

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

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

     5.11 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.

     5.12 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.

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 of 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.

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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 such 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.

     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

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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.

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 of 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.

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September 28, 2005

10

 

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. 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 mutually agree otherwise.

The award of the arbitrator(s) shall be final and binding upon the parties without the right of
appeal to the courts. Judgment may be entered upon it in accordance with Applicable Law 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, or other information that is received from the other
Party pursuant to this Agreement or the Parties’ relationship prior thereto or is developed
pursuant to this Agreement, without the express written consent of the other Party, which consent
shall not be unreasonably withheld. The Parties 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 either Party for performing its obligations hereunder and
if prior to such disclosure, the disclosing Party 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 one Party prior to receipt from the other, that is now or
hereafter becomes a part of the public domain through no fault of the Party wishing to disclose, or that

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11

 

corresponds in substance to information heretofore or hereafter furnished by third parties without restriction on disclosure.

     13.2 Publicity and Advertising. Neither Client nor Engineer shall make or permit any of
their subcontractors, agents, or vendors to make any external announcement or publication, release
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 other Party unless prior written consent is obtained from the other Party, 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 the expiration or other termination of this Agreement.

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

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same Agreement, and may be executed and delivered by facsimile signature, which shall be considered an original.

     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.

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     If to Engineer, to:

Fagen Engineering LLC

501 W. Highway 212

P. O. Box 159

Granite Falls, MN 56241

Attention: John Austgen

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

     If to Client, to:

Mr. Tom Lynch

President

Siouxland Ethanol LLC

PO Box 147

110 E Elk Street

Jackson, NE 68743

     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
contractors engineer, 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

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14

 

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 September 28, 2005.

	 	 	 	 	 	 	 	 	 	 	 
	SIOUXLAND ETHANOL, LLC	 	FAGEN ENGINEERING, INC
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Tom Lynch
	 	 	 	By:
	 	/s/ John R. Austgen	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	Title:

	 	President
	 	 	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Address for giving notices:	 	Address for giving notices:
	 
	 	 	 	 	 	 	 	 	 	 
	110 E Elk Street	 	501 West Highway 212
	PO Box 147	 	PO Box 159
	Jackson, NE 68743	 	Granite Falls, MN 5624

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September 28, 2005

15

 

Exhibit A is not used for this Contract.

Siouxland Ethanol, LLC

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September 28, 2005

16

 

Exhibit B is not used for this Contract.

Siouxland Ethanol, LLC

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17

 

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.	 	Preliminary approval from Client’s Rail service provider of rail design as prepared by
Client’s Rail Designer.
	 
	 	6.	 	Client’s written approval of final site layout including rail design and environmental
permitting emission points.
	 
	 	7.	 	Review, comment, and written approval of Client’s air permit application.
	 
	 	8.	 	Topographic Survey to one (1) foot contours including property boundaries and at least
two (2) benchmarks including existing service and utility lines.
	 
	 	9.	 	Soil borings logs for all soil borings complete at Engineer’s specified locations.
	 
	 	10.	 	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.
	 
	 	11.	 	On-site location for Storm Water discharge.
	 
	 	12.	 	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.
	 
	 	13.	 	Preliminary indication of source, analysis, and location of Client’s water supply.
	 
	 	14.	 	Client’s risk insurance provider’s specific requirements for fire protection or
approval to design fire protection to Liberty Insurance standards.
	 
	 	15.	 	Any special sizing or other requirements for ethanol storage tank farm.
	 
	 	16.	 	Preliminary location and design of administration building.

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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.	 	Final location, source and quality of Client’s water supply.
	 
	 	2.	 	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)
	 
	 	3.	 	Final NPDES discharge location for Utility Water Blowdown.
	 
	 	4.	 	An insurance provider to allow the proper positioning and number of required hydrants
and hydrants with monitors.
	 
	 	5.	 	Written approval of final rail design from the Client’s rail service provider.
	 
	 	6.	 	Final location and design (general arrangement) of the Client’s administration
building.
	 
	 	7.	 	Final water pre-treatment design and operating parameters.
	 
	 	8.	 	Design and location of sanitary sewer discharge point of septic system.

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19Exhibit 10.1

 

Exhibit 10.1

 

SUBSCRIPTION AGREEMENT

BY AND AMONG

CHINA 3C GROUP

AND

THE INVESTORS LISTED ON SCHEDULE 1

Dated as of December 20, 2005

 

THE SECURITIES OFFERED BY THIS SUBSCRIPTION AGREEMENT HAVE NOT BEEN REGISTERED WITH OR
APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION, NOR HAS SUCH
COMMISSION OR ANY STATE SECURITIES BUREAU, COMMISSION OR OTHER REGULATORY AUTHORITY PASSED UPON OR
ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THIS SUBSCRIPTION AGREEMENT.
ACCORDINGLY, YOU MAY NOT OFFER OR SELL THE OFFERED SECURITIES IN THE UNITED STATES OR TO U.S.
PERSONS (AS SUCH TERM IS DEFINED IN RULE 902(K) PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”)) IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OR EVIDENCE ACCEPTABLE TO US AND OUR COUNSEL, WHICH MAY INCLUDE AN OPINION OF
COUNSEL, THAT REGISTRATION IS NOT REQUIRED. HEDGING TRANSACTIONS INVOLVING THE OFFERED SECURITIES
MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.

THIS SUBSCRIPTION AGREEMENT MAY NOT BE SHOWN OR GIVEN TO ANY PERSON OTHER THAN THE PERSON WHOSE
NAME APPEARS ON SCHEDULE 1 AND MAY NOT BE PRINTED OR REPRODUCED IN ANY MANNER WHATSOEVER. FAILURE
TO COMPLY WITH THIS DIRECTIVE CAN RESULT IN A VIOLATION OF THE SECURITIES ACT. ANY FURTHER
DISTRIBUTION OR REPRODUCTION OF THIS SUBSCRIPTION AGREEMENT IN WHOLE OR IN PART, OR THE DIVULGENCE
OF ANY OF ITS CONTENTS BY AN OFFEREE, IS UNAUTHORIZED. BY ACCEPTING THIS SUBSCRIPTION AGREEMENT,
YOU EXPRESSLY AGREE TO COMPLY WITH THESE AND THE OTHER RESTRICTIONS CONTAINED HEREIN.

 

 

LIST OF EXHIBITS

     EXHIBIT A Accredited Investor Questionnaire

i

 

SUBSCRIPTION AGREEMENT

     THIS SUBSCRIPTION AGREEMENT (this “Agreement”) is made and entered into as of December 20,
2005 by and among China 3C Group, a Nevada corporation (the “Company”), and the investors
named on Schedule 1 attached hereto (each such investor is referred to herein as an
“Investor” and collectively as the “Investors”). Certain terms used and not otherwise
defined in the text of this Agreement are defined in Article 7 of this Agreement.

W I T N E S S E T H

     WHEREAS, the Company desires to issue and to sell to the Investors, and the Investors desire
to purchase from the Company, an aggregate of one million (1,000,000) shares of Common Stock at a
per share purchase price of $0.10, for an aggregate purchase price of one hundred thousand dollars
($100,000), all in accordance with the terms and provisions of this Agreement.

     NOW, THEREFORE, in consideration of the foregoing and the mutual representations, warranties
and covenants herein contained, the parties hereto hereby agree as follows:

ARTICLE I

AUTHORIZATION OF SECURITIES

          1.1 Authorization of Securities. Prior to the Closing Date, the Company’s Board of
Directors shall have taken all action necessary to authorize the issuance and sale of 1,000,000
shares of its Common Stock (the “Securities”) to the Investors.

ARTICLE II

SALE AND PURCHASE OF THE SECURITIES

     Subject to the terms and conditions set forth in this Agreement, each Investor hereby
subscribes for and agrees to acquire from the Company at the Closing, and the Company hereby agrees
that it shall issue to each Investor at the Closing, free and clear of any Encumbrances, the number
of shares of Common Stock set forth opposite such Investor’s name on Schedule 1 hereto
against payment of the purchase price (the “Purchase Price”) set forth on Schedule
1 hereto. Each Investor acknowledges that the Securities acquired hereunder are subject to
restrictions on transfer under both the federal securities laws of the U.S. and applicable state
securities laws in the U.S.

ARTICLE III

CLOSING

          3.1 Closing. The closing of the sale to, and purchase by, the Investors of the
Securities (the “Closing”) shall occur at the offices of Harter, Secrest & Emery LLP, legal
counsel to the Company, in Rochester, New York, or at such other location or by such other means as
the parties hereto may agree, on the date hereof or at such other time and place as the parties
hereto may agree (the “Closing Date”). In the event that such date is not a Business Day,
the Closing Date shall be deemed to be the first Business Day following such date.

1

 

          3.2 Deliveries by the Company.

               (a) At the Closing, the Company shall deliver to each Investor one or more certificates
evidencing the number of Securities to be purchased by such Investor at the Closing, each of which
shall be registered in such Investor’s name or its designee, against delivery to the Company of the
Purchase Price payable by wire transfer of immediately available fund, or such other form of funds
as the Company may chose to accept, to an account that the Company designated in writing to the
Investor prior to the Closing Date.

          3.3 Deliveries by the Investor. At the Closing, each Investor shall deliver to the
Company:

               (a) The Purchase Price payable by wire transfer of immediately available funds to an account
that the Company designated in writing to the Investor prior to the Closing Date or such other
funds as the Company may accept; and

               (b) Such other documents as are required to be delivered by the Investor to the Company or
that are, in the opinion of legal counsel to the Company, necessary or advisable for the completion
of the transaction.

          3.4 Other Deliveries. At the Closing, the Company and the Investors will deliver such
duly executed Transaction Documents as are required to be executed by the parties hereunder or
thereunder.

ARTICLE IV

REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE INVESTOR

          Each Investor acknowledges that this Agreement is made with Investor in reliance upon
Investor’s representation to the Company. Each Investor, severally as to itself and not jointly,
represents and warrants to and agrees with the Company as follows:

          4.1 Regulation S Representations and Warranties.

               (a) US Person. Investor represents that it is not an “U.S. Person “ as that term is
defined in Rule 902(k) of Regulation S promulgated under the Securities Act, that the Investor
resides outside of the United States, and that the Investor has accurately completed the accredited
investor questionnaire set forth as Exhibit A attached hereto.

               (b) Dealer; Distributor. Investor represents that it is not a distributor or dealer
as such term is defined in Section 2(a)(12) of the Securities Act, or a person receiving a selling
concession, fee or other remuneration in connection with the Securities.

               (c) Resale Limitations. Investor understands that the Securities have not been, and
will not upon issuance be, registered under the Securities Act of 1933, as amended (the
“Securities Act”), and further understands that the Securities are “restricted securities”
as such term is defined in Rule 144 promulgated under the Act and may be resold without
registration under the Act and the applicable rules and regulations under the Act, only in very
limited circumstances. In this

2

 

connection, Investor represents that it is familiar with the terms and provisions of Regulation S
(including Rule 903 and Rule 904 promulgated under the Securities Act) and Rule 144 promulgated
under the Securities Act, as presently in effect, and understands the resale limitations imposed
thereby and by the Securities Act. Investor further agrees that all offers and sales of the
Securities prior to the expiration of the one year distribution compliance period shall be made in
accordance with the terms and provisions of the Securities Act including without limitation Rules
144, 903 and 904 promulgated under the Securities Act, pursuant to a registration of the Securities
under the Securities Act, or pursuant to an available exemption from the registration requirements
of the Securities Act.

               (d) Hedging Transactions. Investor agrees not to engage in hedging transactions with
regard to the Securities prior to the expiration of the one-year distribution compliance period.

               (e) Restrictive Legends. Investor further understands that the certificates
evidencing the Securities shall bear one or more of the following legends:

     - “These securities have not been registered under the Securities Act
of 1933, as amended (the “Act”). They may not be sold, offered for
sale, pledged or hypothecated in the absence of a registration statement in
effect with respect to the securities under the Act unless an opinion of
counsel to the Company is delivered to the effect that such registration is
not required or that the securities are being sold pursuant to Rule 144 of
the Act and therefore this legend should be removed.”

     - “Transfer of these securities is prohibited except in accordance
with the provisions of Regulation S promulgated under the Securities Act of
1933, as amended (the “Act”), pursuant to registration under the Act, or
pursuant to an available exemption from registration. Hedging transactions
involving these securities may not be conducted unless in compliance with
the Act.”

     - Any legend required by the securities laws of any applicable
jurisdictions.

               (f) Acquisition for Own Account. Investor hereby confirms that the Securities will be
acquired for investment for Investor’s own account, not as a nominee or agent and not with a view
to the resale or distribution of any part thereof, not for the benefit or the account of a U.S.
Person, and that Investor does not have any present intention of selling, granting any
participation in or otherwise distributing any such Securities. Investor further represents that
Investor does not have any contract, undertaking, agreement or arrangement with any person to sell,
transfer, encumber, pledge, hypothecate or grant participations to such person or to any third
person, with respect to any of the Securities.

               (g) No Public Review/ No Soliciting Materials. Investor understands that no federal
or state agency has recommended or endorsed the purchase of the Securities or passed on the
adequacy or accuracy of the information set forth in this Agreement. Investor acknowledges that it
has not seen, received, been presented with, or been solicited by any leaflet, public promotional

3

 

meeting, newspaper or magazine article or advertisement, radio or television advertisement, or
any other form of advertising or general solicitation with respect to the sale of the Securities.

               4.2 General Representations and Warranties.

               (a) Organization. If Investor is an entity, Investor is validly existing and in good
standing under the laws of its jurisdiction of organization, and has all requisite power and
authority to enter into this Agreement and consummate the transactions contemplated hereby.

               (b) Validity. The execution, delivery and performance of this Agreement, and the other
documents and instruments referred to herein, in each case to which Investor is a party, and the
consummation of the transactions contemplated hereby, have been duly authorized by all necessary
action on the part of Investor. This Agreement and each other Transaction Document have been duly
and validly executed and delivered by Investor and assuming their due authorization, execution and
delivery by the Company constitute a valid and binding obligation of Investor, enforceable against
it in accordance with the terms of each Transaction Document, subject to bankruptcy, insolvency,
reorganization, fraudulent transfer, moratorium and other similar laws now or hereafter in effect
relating to or affecting creditors’ rights generally and the rights of creditors of insurance
companies generally.

               (c) Disclosure of Information. Investor acknowledges that it has received or has had
the opportunity to review all the information it considers necessary or appropriate for deciding
whether to purchase the Securities. Investor further represents that it has had an opportunity to
ask questions and receive answers from the Company regarding the terms and conditions of the
offering of the Securities and the business, properties, prospects and financial condition of the
Company. Investor further acknowledges that it has been advised to carefully review the Company’s
filings with the U.S. Securities and Exchange Commission. Investor is aware of the Company’s
current limited operations, “shell company” status, and financial condition and is making this
investment on an “As Is, Where Is” basis.

               (d) Investment Experience. Investor is an investor in securities of companies in the
development stage and acknowledges that it is able to fend for itself, can bear the economic risk
of its investment and has such knowledge and experience in financial or business matters such that
it is capable of evaluating the merits and risks of the investment in the Securities. If the
Investor is an entity, Investor represents that it has not been organized for the purpose of
acquiring the Securities.

               (e) Acknowledgment of Risk. Investor understands the risks involved in investing in
the Company and represents that it can bear the full loss of its investment in the Company.

               (f) Tax Consequences. Investor is aware that there can be no assurance regarding the
federal, state or local tax consequences of an investment in the Company, nor can there be any
assurance that the Code or the regulations promulgated thereunder or other applicable laws and
regulations will not be amended at some future time in such manner as to deprive the Company and
its stockholders of any tax benefits that might be received. In making this investment, Investor
is relying upon the advice of its personal tax advisor with respect to the tax aspects of an
investment in the Company and not on the Company or any agent thereof.

4

 

               (g) Tax Allocation. Investor understands that taxable income and gain allocated to
the Investor by the Company and the tax on the portion thereof allocated to the Investor for any
year may exceed the cash distributions from the Company to the Investor and, if so, the Investor
will have to look to sources other than distributions from the Company to pay such tax.

               (h) Brokers. There is no broker, investment banker, financial advisor, finder or other
Person which has been retained by or is authorized to act on behalf of Investor who might be
entitled to any fee or commission for which the Company will be liable in connection with the
execution of this Agreement.

ARTICLE V

REPRESENTATIONS, WARRANTIES AND COVENANTS BY THE COMPANY

               The Company represents and warrants to and agrees with each Investor as follows:

               5.1 Limitation. The Company makes no representations or warranties other than the
representations and warranties contained in this Agreement.

               5.2 Due Issuance and Authorization of Capital Stock. All of the outstanding shares of
capital stock of the Company have been validly issued and are fully paid and nonassessable. No
shares of capital stock of the Company are subject to any lien, claim, judgment, charge, mortgage,
security interest, pledge, escrow equity or other encumbrance of any kind (including any agreement
to give any of the foregoing, any conditional sale or other title retention agreement, and any
lease in the nature thereof) and any option, trust or other preferential arrangement having the
practical effect of any of the foregoing (collectively, “Encumbrances”) and the sale and
delivery of the Securities to the Investor pursuant to the terms hereof will vest in the Investor
legal and valid title to such Securities free and clear of all Encumbrances.

               5.3 Organization. The Company is a corporation validly existing and in good standing
under the laws of the State of Nevada.

               5.4 Authorization; Enforcement. The Company has all requisite corporate power and has
taken all necessary corporate action required for the due authorization, execution, delivery and
performance by the Company of this Agreement and the consummation of the transactions contemplated
hereby (including, without limitation, the issuance of the Securities).

               5.5 Issuance of Shares. Upon issuance against payment of the Purchase Price, the
Securities will be duly authorized, validly issued, fully paid and non-assessable, and such
Securities will be free from all taxes, liens, claims and Encumbrances, and will not impose
personal liability upon the holder thereof.

5

 

ARTICLE VI

RISK FACTORS

THIS OFFERING INVOLVES AN EXTREMELY HIGH DEGREE OF RISK. IT IS POSSIBLE THAT EACH INVESTOR MAY LOSE
HIS ENTIRE INVESTMENT IN THE COMPANY. THERE CAN BE NO ASSURANCE THAT AN ADEQUATE MARKET WILL
DEVELOP IN THE SECURITIES OF THE COMPANY NECESSARY TO SELL THE SECURITIES. THE SECURITIES ARE
SUBJECT TO SUBSTANTIAL RESTRICTIONS ON TRANSFER THAT MAY MAKE IT DIFFICULT FOR INVESTORS TO
LIQUIDATE THEIR INVESTMENT IN THE COMPANY. THESE RISK FACTORS ARE NOT, AND ARE NOT MEANT TO BE,
COMPLETE. INVESTORS SHOULD CAREFULLY CONSIDER ALL RISKS ASSOCIATED WITH THE INVESTMENT, AND
SHOULD CAREFULLY REVIEW THE COMPANY’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.

ARTICLE VII

DEFINITIONS

               7.1 Definitions. Unless the context otherwise requires, the terms defined in this
Section 7.1 shall have the meanings specified for all purposes of this Agreement.

               Except as otherwise expressly provided, all accounting terms used in this Agreement, whether
or not defined in this Section 7.1, shall be construed in accordance with United States generally
accepted accounting principles.

               “Affiliate” of any Person means any other Person which directly, or indirectly through one or
more intermediaries, controls, or is controlled by, or is under common control with, such Person.
The term “control” (including the terms “controlled by” and “under common control with”) as used
with respect to any Person means the possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of such Person, whether through the ownership of
voting securities, by contract or otherwise.

               “Agreement” means this Subscription Agreement.

               “Business Day” means a day other than a Saturday, Sunday or day on which banking institutions
in Los Angeles, California are authorized or required to remain closed.

               “By-Laws” shall mean the By-Laws of the Company as in effect on the Closing Date and as
hereafter from time to time amended, modified, supplemented or restated.

               “Common Stock” means the shares of the Company’s common stock with a par value of $0.001 per
share authorized in, and designated as, “Common Stock” in the Company’s Articles of Incorporation.

               “Closing” has the meaning assigned to it in Section 3.1 hereof.

6

 

               “Closing Date” has the meaning assigned to it in Section 3.1 hereof.

               “Code” means the Internal Revenue Code of 1986, as amended.

               “Encumbrances” has the meaning assigned to it in Section 5.2 hereof.

               “Indemnification Period” shall have the meaning set forth in Section 8.3.

               “Indemnified Party” shall have the meaning set forth in Section 8.3.

               “Indemnifying Party” shall have the meaning set forth in Section 8.3.

               “Investor” has the meaning set forth in the recitals.

               “Losses” shall have the meaning set forth in Section 8.3.

               “Person” means any individual, sole proprietorship, partnership, limited liability company,
joint venture, trust, incorporated organization, association, corporation, institution, public
benefit corporation, government (whether federal, state, country, city, municipal or otherwise,
including, without limitation, any instrumentality, division, agency, body or department thereof)
or other entity.

               “Purchase Price” has the meaning assigned it in Section 2.1 hereof.

               “SEC” means the Securities and Exchange Commission.

               “Securities” shall have the meaning assigned to such term in Section 1.1 hereof.

               “Securities Act” or “Act” means the Securities Act of 1933, as amended.

               “Third Party Claimant” shall have the meaning set forth in Section 8.3.

               “U.S.” means the United States of America.

               7.2 “Transaction Documents” shall mean this Agreement and all other documents as are required
to be delivered by the Investor to the Company pursuant to this Agreement.

ARTICLE VIII

MISCELLANEOUS

               8.1 Waivers and Amendments. Upon the approval of the Company, and the written consent
of the each of the Investors (a) the obligations of the Company, and the rights of an Investor
under this Agreement may be waived (either generally or in a particular instance, either
retroactively or prospectively and either for a specified period of time or indefinitely), and (b)
the Company, may enter into a supplemental agreement for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Agreement, or of any
supplemental agreement or modifying in any manner the rights and obligations hereunder or
thereunder of the Investors and the Company; provided, however, that without each Investor’s
written

7

 

consent, no such amendment or waiver shall affect adversely such Investor’s rights hereunder
in a discriminatory manner inconsistent with its adverse effects on rights of other Investors
hereunder (other than as reflected by the different number of shares held by such Investors).

          The foregoing notwithstanding, no such waiver or supplemental agreement shall affect any of
the rights of any holder of a security created by any subsequent amendments to the Articles of
Incorporation or by the Nevada General Corporation Law without compliance with all applicable
provisions of the Articles of Incorporation as may be amended and the Nevada General Corporation
Law.

          Neither this Agreement, nor any provision hereof, may be changed, waived, discharged or
terminated orally or by course of dealing, but only by a statement in writing signed by the party
against which enforcement of the change, waiver, discharge or termination is sought, except to the
extent provided in this Section.

          8.2 Notices. All notices, requests, consents and other communications required or
permitted hereunder shall be in writing and shall be hand delivered or mailed postage prepaid by
registered or certified mail or transmitted by facsimile transmission (with immediate telephonic
confirmation thereafter), 

	 	 	 	 	 	 	 
	 

	 	 	 	(a)
	 	If to an Investor, to the respective addresses
set forth on the counterpart signature pages of this Agreement signed
by such Investor:
	 
	 	 	 	 	 	 
	 

	 	or
	 	(b)
	 	If to the Company:
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	10880 Wilshire Blvd., Suite 2250
	 

	 	 	 	 	 	Los Angeles, CA 90024
	 

	 	 	 	 	 	Facsimile No.: (310) 441 1883

or at such other address as the Company or an Investor each may specify by written notice to the
others, and each such notice, request, consent and other communication shall for all purposes of
the Agreement be treated as being effective or having been given when delivered if delivered
personally, upon receipt of facsimile confirmation if transmitted by facsimile, or, if sent by
mail, at the earlier of its receipt or 72 hours after the same has been deposited in a regularly
maintained receptacle for the deposit of United States mail, addressed and postage prepaid as
aforesaid.

          8.3 Indemnification of the Company. 

               (a) Each Investor, severally as to itself and not jointly, hereby indemnifies the Company
against and agrees to hold the Company harmless from any and all Losses arising out of any
misrepresentation or breach of any representation, warranty or covenant by such Investor pursuant
to this Agreement.

               (b) Claims Notice. In the event the Company wishes to assert a claim for
indemnification hereunder, (the “Indemnified Party”) it shall deliver written notice (a
“Claims 

8

 

Notice”) to the applicable Investor (the “Indemnifying Party”), specifying the
facts constituting the basis for, and the amount (if known) of the claim asserted.

               (c) Third Party Claims. Upon making any indemnification payment, the Indemnifying
Party will, to the extent of such payment, be subrogated to all rights of the Indemnified Party
against any third party in respect of the Loss to which the payment relates; provided, however,
that until the Indemnified Party recovers full payment of its Loss, any and all claims of the
Indemnifying Party against any such third party on account of the payment are hereby made expressly
subordinated and subjected in right of payment to the Indemnified Party’s rights against such third
party. Without limiting the generality of any other provision hereof, the Indemnified Party and
Indemnifying Party will duly execute upon request all instruments reasonably necessary to evidence
and perfect the above-described subrogation and subordination rights.

               (d) Right to Contest Claims of Third Parties.

                    (i) If an Indemnified Party asserts, or may in the future seek to assert, a claim for
indemnification hereunder because of any action, cause of action or suit brought by any Person not
a party to this Agreement (a “Third Party Claimant”) that may result in a Loss with respect
to which the Indemnified Party would be entitled to indemnification pursuant to this Section 8.3
(an “Asserted Liability”), the Indemnified Party shall deliver to the Indemnifying Party a
Claims Notice with respect thereto, which Claims Notice shall, in accordance with the provisions of
Section 8.2 hereof, be delivered as promptly as practicable after an action in connection with such
Asserted Liability is commenced against the Indemnified Party.

                    (ii) The Indemnifying Party shall have the right, upon written notice to the Indemnified
Party, to investigate, contest, defend or settle any Asserted Liability that may result in a Loss
with respect to which the Indemnified Party is entitled to indemnification pursuant to this Section
8.3; provided that (A) the counsel for the Indemnifying Party who conducts the defense of such
claim or litigation is reasonably satisfactory to the Indemnified Party, and (B) the Indemnified
Party may, at its option and at its own expense, participate in the investigation, contesting,
defense or settlement of any such Asserted Liability through representatives and counsel of its own
choosing (it being understood that the Indemnifying Party shall bear the cost of such counsel if
the Indemnified Party in good faith determines that it may have one or more defenses or
counterclaims that are inconsistent with one or more of those of the Indemnifying Party in respect
of the Asserted Liability); and, provided further, that the Indemnifying Party shall not settle any
Asserted Liability unless (i) such settlement is on exclusively monetary terms and provides as an
unconditional term an immediate release of the Indemnified Party for all liability with respect to
such Asserted Liability or (ii) the Indemnified Party has consented to the terms of such
settlement. If requested by the Indemnifying Party, the Indemnified Party will, at the sole cost
and expense of the Indemnifying Party, cooperate with reasonable requests of the Indemnifying Party
and its counsel in contesting any Asserted Liability, including, if appropriate and related to the
Asserted Liability in question, in making any counterclaim against the Third Party Claimant, or any
cross-complaint against any Person (other than the Indemnified Party or its Affiliates). If the
Indemnifying Party fails to undertake the defense of the Asserted Liability reasonably promptly,
the Indemnified Party may, at its option and at the Indemnifying Party’s expense, to do so in such
manner as it deems appropriate;

9

 

provided, however,
that the Indemnified Party shall not settle or compromise any Asserted Liability for which it
seeks indemnification hereunder without the prior written consent of the Indemnifying Party (which
shall not be unreasonably withheld or delayed).

                    (iii) The Indemnifying Party may participate in (but not control) the defense of any Asserted
Liability that it has not elected to defend with its own counsel and at its own expense.

                    (iv) The Indemnifying Party and the Indemnified Party shall make mutually available to each
other all relevant information in their possession relating to any Asserted Liability (except to
the extent that such action would result in a loss of attorney-client privilege or would violate
any applicable law) and shall cooperate with each other in the defense thereof.

               (e) No Duplication; Sole Remedy.

                    (i) Any liability for indemnification hereunder shall be determined without duplication of
recovery by reason of the state of facts giving rise to such liability constituting a breach of
more than one representation or warranty.

                    (ii) The parties’ respective rights to indemnification provided for in this Section 8.3 shall
be the exclusive remedy for any Losses for which indemnification is provided hereunder; provided,
however, that nothing contained herein shall prevent an Indemnified Party from pursuing remedies
that may be available to such party under applicable law in the event of an Indemnifying Party’s
failure to comply with its indemnification obligations under this Section 8.3 or in the case of
fraud.

          8.4 Survival of Representations, Warranties and Covenants. The representations and
warranties of the parties hereto made pursuant to this Agreement shall survive the Closing until
two (2) years after the Closing Date, provided that the representations and warranties contained in
Sections 4.1, 4.2, 5.2, and 5.3 shall survive indefinitely.

          8.5 No Implied Waivers. No failure or delay by any party in exercising any right,
power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial
exercise thereof preclude any other or further exercise thereof or the exercise of any other right,
power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive
of any rights or remedies provided by law.

          8.6 Successors and Assigns. All the terms and provisions of this Agreement shall be
binding upon and inure to the benefit of and be enforceable by the respective parties hereto, the
successors and assigns of the respective Investors and the successors of the Company whether so
expressed or not. None of the parties hereto may assign any of its rights or obligations hereunder
without the prior written consent of the other parties hereto, except that an Investor may, without
the prior consent of the Company, assign its rights hereunder to any of its Affiliates. This
Agreement shall not inure to the benefit of or be enforceable by any other Person.

          8.7 Headings. The headings of the Sections and paragraphs of this Agreement have been
inserted for convenience of reference only and do not constitute a part of this Agreement.

10

 

          8.8 Governing Law. This Agreement will be governed by and construed under the laws of
the State of New York without regard to its conflicts of laws rules.

          8.9 Expenses. Except as otherwise specifically provided in this Agreement, the
parties to this Agreement shall bear their respective costs and expenses incurred in connection
with the preparation and execution of this Agreement and the transactions contemplated hereby.

          8.10 Jurisdiction. Any suit, action or proceeding seeking to enforce any provision
of, or based on any matter arising out of or in connection with, this Agreement or the transactions
contemplated hereby may be brought in any federal or state court located in the County of New York
and State of New York, and each of the parties hereby consents to the jurisdiction of such courts
(and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and
irrevocably waives, to the fullest extent permitted by law, any objection which it may now or
hereafter have to the laying of the venue of any such suit, action or proceeding in any such court
or that any such suit, action or proceeding which is brought in any such court has been brought in
an inconvenient forum. Process in any such suit, action or proceeding may be served on any party
anywhere in the world, whether within or without the jurisdiction of any such court. Without
limiting the foregoing, each party agrees that service of process on such party as provided in
Section 8.2 shall be deemed effective service of process on such party.

          8.11 Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY
AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY.

          8.12 Counterparts; Effectiveness. This Agreement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, with the same effect as if
all parties had signed the same document. All such counterparts shall be deemed an original, shall
be construed together and shall constitute one and the same instrument. This Agreement shall
become effective when each party hereto has received counterparts hereof signed by all of the other
parties hereto.

          8.13 Entire Agreement. This Agreement and the other Transaction Documents contain the
entire agreement among the parties hereto with respect to the subject matter hereof and such
Agreement supersedes and replaces all other prior agreements, written or oral, among the parties
hereto with respect to the subject matter hereof.

          8.14 Severability. If any term, provision, covenant or restriction of this Agreement
is held by a court of competent jurisdiction or other authority to be invalid, void or
unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement
shall remain in full force and effect and shall in no way be affected, impaired or invalidated so
long as the economic or legal substance of the transactions contemplated hereby is not affected in
any manner materially adverse to any party. Upon such a determination, the parties shall negotiate
in good faith to modify this Agreement so as to effect the original intent of the parties as
closely as possible in an acceptable manner in order that the transactions contemplated hereby be
consummated as originally contemplated to the fullest extent possible.

11

 

          8.15 No Further Obligation. Following the Closing, except for the payment by each
Investor of the Purchase Price in accordance with the terms hereof, no Investor has any further
obligation to invest in the Company under this Agreement, the other Transaction Documents, or any
of the transactions contemplated hereby or thereby.  

12

 

     IN WITNESS WHEREOF, the Investors hereto have caused this Subscription Agreement to be duly
executed as of the day and year first above written.

	 	 	 	 	 
	 

	 	  /s/ HUIQI XU	 	 
	 

	 	 

  HUIQI XU
	 	 

13

 

EXHIBIT A

ACCREDITED INVESTOR QUESTIONNAIRE

To: China 3C Group (the “Company”)

     The undersigned hereby represents and warrants that the information contained in this
accredited investor questionnaire is true and accurate and acknowledges that the Company is relying
thereon.

Status as an “Accredited Investor”. Investor is (check ALL that apply):

_X_(i) A natural person whose individual net worth (assets less liabilities), or joint
net worth with his or her spouse, exceeds $1,000,000.

___(ii) A natural person whose individual income was in excess of $200,000, or whose joint
income with his or her spouse was in excess of $300,000, in each of the two most recent years, and
who has a reasonable expectation of reaching the same income level for the current year.

___(iii) A director or an executive officer of the Company.

___(iv) A bank, insurance company, registered investment business development company, small
business investment company or employee benefit plan.

___(v) A savings and loan association, credit union, or similar financial institution, or a
registered broker or dealer.

___(vi) A private business development company.

___(vii) An organization described in Section 501(c)(3) of the Internal Revenue Code with assets
in excess of $5,000,000.

___(viii) A corporation, Massachusetts or similar business trust, or partnership with assets in
excess of $5,000,000.

___(ix) A trust with assets in excess of $5,000,000.

___(x) An entity in which all of the equity owners are accredited investors. Also check the
item(s) [(i)-(ix)] that apply to the equity owners. [This item is not available to an irrevocable
trust.]

___(xi) A self-directed IRA, Keogh, or similar plan of which the individual directing the
investments qualifies as an “accredited investor” in one or more of items (i)-(x) above. Also
check the item(s) [(i)-(x)] that apply to the individual.

___(xii) None of the above.

The undersigned submits this accredited investor questionnaire as of the date written below.

	 	 	 	 	 
	 

	 	  /s/ HUIQI XU	 	 
	 

	 	 

  HUIQI XU
	 	 

14

 

SCHEDULE 1

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Number of	 	 
	 	 	 	 	Shares of	 	 
	 	 	 	 	Common Stock	 	Purchase
	Investors	 	Address	 	Acquired	 	Price
	HUIQI XU

	 	 	 	 	1,000,000	 	 	USD 100,000

15

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