CONSENT TO ASSIGNMENT
EXHIBIT 10.7
This
Consent to Assignment (the”Consent”) is given as of this
7 day of August,
2006, by Victory Renewable Fuels, LLC (“Victory Renewable Fuels”).
RECITALS: REG, LLC (f/k/a Renewable Energy Group, LLC) entered into an Agreement for Phase 1
Services and Statement of Intent dated January 17, 2005, and an Agreement for Phase 2 Services and
Statement of Intent dated January 17, 2005, with Victory Renewable Fuels with respect to the
construction of its biodiesel facility located in Rock Rapids, Iowa (collectively the
“Agreements”).
REG, LLC, InterWest, L.C. and West Central Cooperative joined their forces to expand upon
their biodiesel construction, management and marketing efforts by created Renewable Energy Group,
Inc. (“REG, Inc.”) on July 31, 2006. IN order to be continuing to fulfill the obligations under
the Agreements, Renewable Energy Group, Inc. would desire to confirm Victory Renewable Fuels’
consent to an assignment of REG, LLC’s rights in the Agreements to REG, Inc.
Performance of the Agreement will continue under the same leadership and personnel, supported
by the same strategic partners as were involved previously under REG, LLC. By signature hereto,
Renewable Energy Group, Inc. assumes and agrees to perform and discharge all obligations as set
forth in the Agreements previously entered into by REG, LLC with Victory Renewable Fuels.
| REG, LLC (f/k/a Renewable Energy Group, LLC) | RENEWABLE ENERGY GROUP, INC. | |||||||||
By
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/s/ Xxxx Xxxxxxxxxx
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By | /s/ Xxxxxxx Xxxxxxxx
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Victory Renewable Fuels, LLC hereby consents to the assignment of the Agreements to Renewable
Energy Group, Inc.
| VICTORY RENEWABLE FUELS, LLC | ||||||
| By | /s/ Xxxxx X. Xxxxxxx, Pres.
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