Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.45

CONTRACT

THIS AGREEMENT, is dated as of 31st day of May, in year 2007, by and between First
United Ethanol, LLC (hereinafter called OWNER) and Southern Concrete Construction Co., Inc.
(hereinafter called CONTRACTOR).

WITNESSETH: That for and in consideration of the payments and agreements hereinafter set forth, to
be made and performed by the OWNER, the CONTRACTOR hereby agrees with the OWNER to commence and
complete the construction generally described as follows:

The construction of a bridge over the loop track at First United Ethanol, LLC, Camilla, GA. This
includes all labor, materials, and equipment according to Georgia Department of Transportation
Specifications Standards to complete this work.

433-1200 – Reinforced Concrete Approach Slab – 230 SY

441-0004 – Concrete Slope Paving, 4” – 512 SY

441-0301 – Concrete Spillway, Type I – 2 EA

500-0100 – Groved Concrete – 534 SY

500-1006 – Superstructure Concrete, Class AA – 166 CY

500-2100 – Concrete Barrier – 308 LF

500-3101 – Substructure Concrete, Class A – 105 CY

507-9002 – AASHTO PSC Beams, Type II – 785 LF

511-1000 – Substructure Reinforcing Steel – 20458 LB

511-3000 – Superstructure Reinforcing Steel – 43940 LB

520-1125 – Piling In Place, Steel H, HP 12X53 – 1046 LF

Hereinafter called the project, for the lump sum price of (in words and figures): eight hundred
forty nine thousand nine hundred thirty eight dollars and thirty cents ($849,938.30) under the
terms as stated in the Contract; and at the Contractor’s own proper cost and expense to furnish all
the materials, and other accessories and services necessary to complete the said project in
accordance with the conditions stated in the plans or written explanatory matter thereof.

The OWNER agrees to pay the CONTRACTOR in current funds for the performance of the contract,
subject to additions and deductions, and to make payments on account thereof. The CONTRACTOR will
submit a pay request on the last day of each month and payment from the
OWNER is expected by the 15th of the following month. At the OWNERS request, a pay
schedule can be made available by the CONTRACTOR.

 

Page 1 of 2

 

IN WYHITNESS WHEREOF, OWNER and CONTRACTOR have signed this Agreement. This agreement will be
effective in the year and day first above mentioned.

	 	 	 
	First United Ethanol, LLC

	 	Southern Concrete Construction Co., Inc.
	 

	 	 
	          Owner

	 	          Contractor
	 
	 	 
	P.O. Box 386, Camilla, GA 31730

	 	P.O. Box 711, Albany, GA 31702
	 

	 	 
	          Address

	 	          Address

	 	 	 	 	 
	 

	 	License No.	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Fed. Tax I.D. No.
	 	58-0827830 
	 

	 	 	 	 

	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Anthony J. Flagg
	 	 	 	By:
	 	/s/ Billy Willis
	 

	 	 
	 	 	 	 	 	 

	 	 	 
	          Anthony J. Flagg
	 	 
	 

	 	 
	          Name & Title

	 	          Name & Title

	 	 	 	 	 	 	 	 	 
	Attest:

	 	 	 	 	 	Attest:	 	 
	 

	 	 
	 	 	 	 	 	 

	 	 	 
	 
	 	 
	(Corporate Seal)

	 	(Corporate Seal)
	 
	 	 
	HOLLY D. POLLOCK

	 	NICOLE HOFFMAN
	Notary Public

	 	Notary Public
	STATE OF GEORGIA

	 	STATE OF GEORGIA
	My Comm. Exp. 7/10/07

	 	My Comm. Exp. 8/23/08
	 

	 	Worth County

 

Page 2 of 2Filed by Bowne Pure Compliance

 

Exhibit 10.18

AMENDMENT TO SENIOR SUBORDINATED NOTE

THIS AMENDMENT (this “Agreement”), dated as of this 30th day of March, 2007 by and
between ACROSS AMERICA REAL ESTATE CORP., a Colorado corporation, having an office at 700
Seventeenth Street, Suite 1200, Denver, Colorado 80202 (“Maker”) and BOCO INVESTMENTS, LLC, a
Colorado limited liability company, having an office at 103 West Mountain Ave., Fort Collins,
Colorado 80524 (“Holder”).

WITNESSETH:

WHEREAS, Maker has executed and delivered to Holder a Senior Subordinated Note dated September
28, 2006 (the “Note”) to evidence Maker’s indebtedness to Holder in the principal amount of Three
Million Five Hundred Thousand Dollars ($3,500,000.00); and

WHEREAS, Maker and Holder wish to further subordinate the Note to a credit facility to be
extended to Maker by United Western Bank and otherwise modify certain terms and provisions of the
Note;

NOW, THEREFORE, in consideration of the premises set forth herein above, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending
to be legally bound, the parties hereto do hereby mutually and expressly understand and agree as
follows:

1. Definitions. The definition of the term “Senior Debt” appearing in Section 5,
entitled “Definitions,” of the Note is hereby amended in its entirety to read as follows:

“Senior Debt” means all indebtedness, obligations and other
liabilities of the Company to (i) Vectra Bank Colorado, national
association, pursuant to that certain First Amendment to Credit
Agreement dated August 3, 2006, as amended, and (ii) United Western
Bank (“UWB”) pursuant to that certain Credit Agreement dated March
30, 2007 between UWB and Maker, as the same may be amended,
modified, restated or extended from time to time, and any other
indebtness in replacement or subordination to Vectra Bank or United
Western Bank as may be approved by Holder in writing from time to
time.

2. Subordination. The words “principal and” appearing in line ten of Section 2,
entitled “Subordination,” of the Note are hereby deleted.

3. Representations and Warranties. Maker hereby represents and warrants, and Holder
hereby acknowledges and agrees, that (a) no default has occurred under the Note, (b) except as
provided herein, the Note has not been modified or amended, and (c) the execution
and delivery of this Agreement has been duly authorized by all necessary action of the parties
hereto.

 

 

 

4. Ratification. Except as modified by this Agreement, all of the terms of the Note
are ratified and reaffirmed and remain in full force and effect.

5. Inurement. The terms and conditions of this Agreement shall be binding upon and
shall inure to the benefit of the parties hereto, their successors and assigns.

6. Governing Law. The terms and conditions of this Agreement shall be governed by the
applicable laws of the State of Colorado.

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IN WITNESS WHEREOF the parties hereto have each caused this Agreement to be executed by their
respective duly authorized representatives, as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	 	 	MAKER:
	 
	 	 	 	 	 	 	 	 
	 	 	ACROSS AMERICA REAL ESTATE CORP.,

a Colorado corporation
	 
	 	 	 	 	 	 	 	 
	 
	 	By:	 	/s/ James W. Creamer III	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	James W. Creamer III	 	 
	 
	 	 	 	 	 	 
	 	 
	 
	 	 	 	Title:	 	Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	HOLDER:
	 
	 	 	 	 	 	 	 	 
	 	 	BOCO INVESTMENTS, LLC,

a Colorado limited liability company
	 
	 	 	 	 	 	 	 	 
	 
	 	By:	 	/s/ Joseph C. Zimlich	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	Name:	 	Joseph C. Zimlich	 	 
	 
	 	 	 	 	 	 
	 	 
	 
	 	 	 	Title:	 	Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 	 

 

3Filed by Bowne Pure Compliance

 

Exhibit 10.19

AMENDMENT TO SENIOR SUBORDINATED NOTE

THIS AMENDMENT (the “Amendment”), dated as of this 10th day of August, 2007 by and
between ACROSS AMERICA REAL ESTATE CORP., a Colorado corporation, having an office at 700
Seventeenth Street, Suite 1200, Denver, Colorado 80202 (“Maker”) and BOCO INVESTMENTS, LLC, a
Colorado limited liability company, having an office at 103 West Mountain Ave., Fort Collins,
Colorado 80524 (“Holder”).

WITNESSETH:

WHEREAS, Maker has executed and delivered to Holder a Senior Subordinated Note dated September
28, 2006 (the “Note”) to evidence Maker’s indebtedness to Holder in the principal amount of Three
Million Five Hundred Thousand Dollars ($3,500,000.00); and

WHEREAS, Maker and Holder amended such Senior Subordinated Note (“Amendment No. 1”) on March
30, 2007 to further subordinate the Note to a credit facility to be extended to Maker by United
Western Bank and otherwise modify certain terms and provisions of the Note; and

WHEREAS, the Note and Amendment No. 1, which incorporates all provisions of the Note, contain
a negative covenant which listed an “Event of Default”
under the Note as a net loss under
GAAP of greater than $1,000,000 in any calendar quarter.

NOW, THEREFORE, in consideration of the premises set forth herein above, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending
to be legally bound, the parties hereto do hereby mutually and expressly understand and agree as
follows:

1. Waiver. The parties hereto agree to waive the provisions of Section 3(i) of the
Note of as they relate to the Maker’s recognition of impairment charges in its financial statements
under Generally Accepted Accounting Principles for the fiscal quarter ended June 30, 2007. The
recognition of impairment charges by Maker in its financial statements under Generally
Accepted Accounting Principles for the fiscal quarter ended June 30, 2007 will not be considered by
the parties to be an Event of Default under Note or Amendment No. 1.

2. Ratification. Except as modified by this Amendment, all of the terms of the Note
are ratified and reaffirmed and remain in full force and effect.

3. Inurement. The terms and conditions of this Amendment shall be binding upon and
shall inure to the benefit of the parties hereto, their successors and assigns.

4. Governing Law. The terms and conditions of this Amendment shall be governed by the
applicable laws of the State of Colorado.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

 

 

IN WITNESS WHEREOF the parties hereto have each caused this Amendment to be executed by their
respective duly authorized representatives, as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	 	 	MAKER:
	 
	 	 	 	 	 	 	 	 
	 	 	ACROSS AMERICA REAL ESTATE CORP.,

a Colorado corporation
	 
	 	 	 	 	 	 	 	 
	 
	 	By:	 	/s/ James W. Creamer III	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	Name:	 	James W. Creamer III	 	 
	 
	 	 	 	 	 	
	 	 
	 
	 	 	 	Title:	 	Chief Financial Officer	 	 
	 
	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	HOLDER:
	 
	 	 	 	 	 	 	 	 
	 	 	BOCO INVESTMENTS, LLC,

a Colorado limited liability company
	 
	 	 	 	 	 	 	 	 
	 
	 	By:	 	/s/ Joseph C. Zimlich	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	Name:	 	Joseph C. Zimlich	 	 
	 
	 	 	 	 	 	 
	 	 
	 
	 	 	 	Title:	 	Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 	 

 

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