EXHIBIT 10.6
GRANITE FALLS COMMUNITY ETHANOL PLANT, LLC
0000 -- 000XX XXXXXX, XXXXX 0
X.X. XXX 000
XXXXXXX XXXXX, XXXXXXXXX 00000
(000) 000-0000
July 30, 2004
Dear Investor:
You previously subscribed to purchase membership units in our initial
public offering. On July 1, 2004, we reached an agreement in principal with
Glacial Lakes Energy, LLC of Watertown, South Dakota ("GLE") pursuant to which
GLE proposes to purchase 6,500 of our membership units in connection with our
initial public offering for $6,500,000. At the same time, we reached an
agreement in principal with Xxxxx, Inc. of Granite Falls, Minnesota ("Xxxxx")
pursuant to which Xxxxx proposes to purchase 2,500 of our membership units in
connection with our initial public offering for $2,500,000. GLE's and Xxxxx'x
purchases are subject to various conditions as described in the enclosed
preliminary Prospectus Supplement dated July 29, 2004.
Because of changes to our offering necessitated by our proposed
arrangements with GLE and Xxxxx, you must reconfirm your subscription for our
membership units. If you desire to do so, please so indicate by your signature
below. You may return this form to us by mail, in person or by telefax at (320)
564-3190.
If you desire to cancel your subscription for our membership units, you
need do nothing. We will then promptly return your escrowed funds upon
completion or termination of our offering.
This letter does not constitute an offer to sell securities or a
solicitation of any offer to buy securities. That offer is solely by our
Prospectus, previously delivered to you, as amended by our preliminary
Prospectus Supplement, delivered to you with this letter.
Very truly yours,
Granite Falls Community Ethanol Plant, LLC
By
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Xxxx Xxxxxx, Chairman
RECONFIRMATION OF SUBSCRIPTION
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The undersigned hereby reconfirms my/our Subscription Application and Agreement
for purchase of membership units of Granite Falls Community Ethanol Plant, LLC.
Dated: _____________, 2004. _________________________________
Printed Name of Subscriber
_________________________________
Signature
_________________________________
Title (if applicable)
