Iowa Renewable Energy, LLC Sample Contracts

IOWA RENEWABLE ENERGY, LLC SECOND AMENDED AND RESTATED OPERATING AGREEMENT
Operating Agreement • August 16th, 2010 • Iowa Renewable Energy, LLC • Industrial organic chemicals • Iowa

THIS OPERATING AGREEMENT (the “Agreement”) is entered into and shall be effective as of the 27th day of March 2010, by and among Iowa Renewable Energy, LLC, an Iowa limited liability company (the “Company”), each of the Persons (as hereinafter defined) who are identified as Members on the attached Exhibit “A” and who have executed a counterpart of this Agreement and a Subscription Agreement, and any other Persons as may from time-to-time be subsequently admitted as a Member of the Company in accordance with the terms of this Agreement. Capitalized terms not otherwise defined herein shall have the meaning set forth in Section 1.10.

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IOWA RENEWABLE ENERGY, LLC AMENDED AND RESTATED OPERATING AGREEMENT
Operating Agreement • October 26th, 2007 • Iowa Renewable Energy, LLC • Industrial organic chemicals • Iowa

THIS OPERATING AGREEMENT (the “Agreement”) is entered into and shall be effective as of the 24th day of September, 2007, by and among Iowa Renewable Energy, LLC, an Iowa limited liability company (the “Company”), each of the Persons (as hereinafter defined) who are identified as Members on the attached Exhibit “A” and who have executed a counterpart of this Agreement and a Subscription Agreement, and any other Persons as may from time-to-time be subsequently admitted as a Member of the Company in accordance with the terms of this Agreement. Capitalized terms not otherwise defined herein shall have the meaning set forth in Section 1.10.

FEEDSTOCK SUPPLY AGREEMENT WASHINGTON, IA
Feedstock Supply Agreement • February 14th, 2012 • Iowa Renewable Energy, LLC • Industrial organic chemicals • Iowa

This Feedstock Supply Agreement (the “Agreement”) is dated as of October 12, 2011, by and between Iowa Renewable Energy, LLC an Iowa limited liability company (“Buyer”), and GAVILON, LLC, a Delaware limited liability company (“Gavilon”) (each of Buyer and Gavilon is a “Party” and together they are collectively referred to as the “Parties”).

CONSTRUCTION-TERM LOAN AGREEMENT
Construction-Term Loan Agreement • January 29th, 2007 • Iowa Renewable Energy, LLC

Re: Construction-Term Loan Agreement dated October 10, 2006, between Iowa Renewable Energy, LLC, as Borrower, and BANKFIRST (“Lender” or “you”)

MASTER NETTING, SETOFF, CREDIT AND SECURITY AGREEMENT
Credit and Security Agreement • February 14th, 2012 • Iowa Renewable Energy, LLC • Industrial organic chemicals • Iowa

THIS MASTER NETTING, SETOFF, CREDIT AND SECURITY AGREEMENT (the “Master Agreement”) is dated as of October 12, 2011, by and between Iowa Renewable Energy, LLC, an Iowa limited liability company (“Producer”), and Gavilon, LLC, a Delaware limited liability company (“Gavilon”).

THIRD ADDENDUM TO THIRD AMENDMENT TO CONSTRUCTION-TERM LOAN AGREEMENT
Construction-Term Loan Agreement • February 14th, 2012 • Iowa Renewable Energy, LLC • Industrial organic chemicals • Washington

This Third Addendum to Third Amendment to Construction-Term Loan Agreement (“Addendum”) is made effective as of the 2nd day of January, 2012 between MLIC Asset Holdings LLC, successor-in-interest to Outsource Services Management, LLC, successor-in-interest to the Federal Deposit Insurance Corporation as receiver of BankFirst (“Lender”) and Iowa Renewable Energy, LLC (“Borrower”).

AMENDMENT AGREEMENT (WASHINGTON, IOWA)
Iowa Renewable Energy, LLC • February 14th, 2012 • Industrial organic chemicals

THIS AMENDMENT AGREEMENT dated January 13, 2012 (the “Amendment”), is made and entered into by GAVILON, LLC (“Purchaser”) and IOWA RENEWABLE ENERGY, LLC (“Seller”).

FIRST AMENDMENT TO MANAGEMENT AND OPERATIONAL SERVICES AGREEMENT
Management and Operational Services Agreement • August 14th, 2007 • Iowa Renewable Energy, LLC • Industrial organic chemicals

This First Amendment to Management and Operational Services Agreement (the “First Amendment”) is made and entered into as of the 3rd day of August, 2007, by and between Renewable Energy Group, Inc., a corporation organized and existing under the laws of the state of Delaware, with offices at Ralston, Iowa (“REG, Inc.”), and Iowa Renewable Energy, LLC, a limited liability company organized and existing under the laws of the state of Iowa, with offices at Washington, IA (“IRE”).

MANAGEMENT SERVICES AGREEMENT
Management Services Agreement • February 16th, 2010 • Iowa Renewable Energy, LLC • Industrial organic chemicals • Iowa

This Management Services Agreement dated as of January 27, 2010 (“Agreement”) sets forth the terms and conditions relating to certain management and administrative services to be provided by WMG Services LLC, a Massachusetts limited liability company or its designee (hereinafter referred to as “WMG”), to Iowa Renewable Energy, LLC, an Iowa limited liability company (hereinafter referred to as “IRE”).

BIODIESEL SALE AND PURCHASE AGREEMENT WASHINGTON, IA
Biodiesel Sale and Purchase Agreement • February 14th, 2012 • Iowa Renewable Energy, LLC • Industrial organic chemicals • Iowa

This BIODIESEL Sale and Purchase Agreement (“Agreement”) is dated as of October 12, 2011 by and between Iowa Renewable Energy, LLC, an Iowa limited liability company (“Seller”), and Gavilon, LLC, a Delaware limited liability company (“Purchaser”) (each of Seller and Purchaser is a “Party” and together they are collectively referred to as the “Parties”).

FIRST ADDENDUM TO LOAN AGREEMENT
Loan Agreement • February 14th, 2011 • Iowa Renewable Energy, LLC • Industrial organic chemicals

This First Addendum to Loan Agreement (“Addendum”) is made effective as of the 1st day of February, 2011 between MLIC Asset Holdings LLC, Federation Bank and Washington State Bank (collectively, the “Lender”) and Iowa Renewable Energy, LLC (“Borrower”).

CONSENT TO ASSIGNMENT
Iowa Renewable Energy, LLC • January 29th, 2007

This Consent to Assignment (the “Consent”) is given as of this 9th day of August, 2006, by Iowa Renewable Energy, LLC (“Iowa Renewable Energy”), located in Washington, Iowa.

MANAGEMENT AND OPERATIONAL SERVICES AGREEMENT
Management and Operational Services Agreement • January 29th, 2007 • Iowa Renewable Energy, LLC • Iowa

This Management and Operational Services Agreement (“Agreement”) is made and entered into as of the 25th day of August, 2006, by and between Renewable Energy, Inc., a cooperation organized and existing under the laws of the state of Delaware, with offices at Ralston, Iowa (“REG, Inc.”), and Iowa Renewable Energy, LLC, a limited liability company organized and existing under the laws of the state of Iowa, with offices at Washington, Iowa (“Iowa Renewable Energy”).

INDEPENDENT CONTRACTOR AGREEMENT
Independent Contractor Agreement • January 29th, 2007 • Iowa Renewable Energy, LLC

This Independent Contractor Agreement is made effective for all purposes and in all respects as of this 6th day of December, 2005, by and between IOWA RENEWABLE ENERGY L.L.C. (hereinafter known as “Principal”) and PAMELA DUNBAR (hereinafter known as “Independent Contractor”) who shall collectively be known herein as “the Parties”.

IOWA RENEWABLE ENERGY, LLC1701 E 7TH STREET I0083732 0WASHINGTON, IA 52353 LENDER'S NAME AND ADDRESS"I" includes each borrower above, jointly and severally Washington State Bank Federation BankP.O. Box 311 102 E Main StWashington, IA 52353 Washington,...
Iowa Renewable Energy, LLC • February 14th, 2012 • Industrial organic chemicals

For value received, I promise to pay to you, or your order, at your address listed above the PRINCIPAL sum of ONE MILLION AND NO/100___________________________________________ Dollars $ 1,000,000.00 _________________________________________

FOURTH AMENDMENT TO CONSTRUCTION-TERM LOAN AGREEMENT
Construction-Term Loan Agreement • May 15th, 2012 • Iowa Renewable Energy, LLC • Industrial organic chemicals

This Fourth Amendment to Construction-Term Loan Agreement (“Amendment”) is made effective as of the 15 day of May, 2012 between MLIC Asset Holdings LLC, successor-in-interest to Outsource Services Management, LLC, successor-in-interest to the Federal Deposit Insurance Corporation as receiver of BankFirst (“Lender”) and Iowa Renewable Energy, LLC (“Borrower”).

THIRD AMENDMENT TO CONSTRUCTION-TERM LOAN AGREEMENT
Construction-Term Loan Agreement • January 11th, 2011 • Iowa Renewable Energy, LLC • Industrial organic chemicals • South Dakota

This Third Amendment to Construction-Term Loan Agreement (“Agreement”) is made this 1st day of September, 2010, between MLIC Asset Holdings LLC, successor-in-interest to Outsource Services Management, LLC, successor in interest to the Federal Deposit Insurance Corporation as Receiver of BankFirst (“Lender”) and Iowa Renewable Energy, LLC (“Borrower”).

SECOND ADDENDUM TO THIRD AMENDMENT TO CONSTRUCTION-TERM LOAN AGREEMENT
Construction-Term Loan Agreement • February 14th, 2011 • Iowa Renewable Energy, LLC • Industrial organic chemicals

This Second Addendum to Third Amendment to Construction-Term Loan Agreement (“Addendum”) is made effective as of the 1st day of February, 2011 between MLIC Asset Holdings LLC, successor-in-interest to Outsource Services Management, LLC, successor-in-interest to the Federal Deposit Insurance Corporation as receiver of BankFirst (“Lender”) and Iowa Renewable Energy, LLC (“Borrower”).

Term Note
Iowa Renewable Energy, LLC • February 14th, 2012 • Industrial organic chemicals

This Third Note Modification dated January 2, 2012, by and between Iowa Renewable Energy, LLC ("Debtor") and MLIC Asset Holdings LLC, successor-in-interest to Outsource Services Management, LLC, successor-in-interest to the Federal Deposit Insurance Corporation as Receiver of BankFirst ("Lender"), modifying a promissory note dated October 26, 2006, in the original principal amount of $34,715,000.00 ("Note").

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