Exhibit 10.3
SERVICE AGREEMENT
This Service Agreement (this "Agreement") is made effective as of December 1,
2000, by and between Great Plains Ethanol, LLC of Lennox, South Dakota and
Val-Add Service Corporation, of Xxx 000, 000 0xx Xxxxxx, Xxxxxxx, Xxxxx
Xxxxxx 00000. In this Agreement, the party who is contracting to receive the
services shall be referred to as "The Company", and the party who will be
providing the services shall be referred to as "Val-Add".
1. DESCRIPTION OF SERVICES. Beginning on December 1, 2000, Val-Add will
provide the following services (collectively, the "Services"): Record
Keeping, Data Entry, File Retention, Monthly News Letter to Members, Member
Xxxxxxxx, Corn Delivery Schedules, Member Mailings, Share Certificate
Processing and Other Services as Agreed to.
2. PAYMENT FOR SERVICES. The Company will pay compensation to Val-Add for the
Services based on $25.00 per hour fee, plus a flat monthly fee of $35.00. The
Company will reimburse Val-Add for postage and outside printing expense. If
needed The Company shall purchase fire proof filing cabinets for it's
permanent records. This cabinet will be returned to The Company upon
termination of this agreement. This compensation shall be payable on a
monthly billing basis.
3. TERM/TERMINATION. This Agreement may be terminated by either party upon
ten days written notice to the other party.
4. RELATIONSHIP OF PARTIES. It is understood by the parties that Val-Add is
an independent contractor with respect to The Company, and not an employee of
The Company. The Company will not provide fringe benefits, including health
insurance benefits, paid vacation, or any other employee benefit, for the
benefit of Val-Add.
5. CONFIDENTIALITY. Val-Add will not at any time or in any manner, either
directly or indirectly, use for the personal benefit of Val-Add, or divulge,
disclose, or communicate in any manner any information that is proprietary to
The Company. Val-Add will protect such information and treat it as strictly
confidential. This provision shall continue to be effective after the
termination of this Agreement. Upon termination of this Agreement, Val-Add
will return to The Company all records, notes, documentation and other items
that were used, created, or controlled by Val-Add during the term of this
Agreement.
6. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the
parties, and there are no other promises or conditions in any other agreement
whether oral or written.
7. SEVERABILITY. If any provision of this Agreement shall be held to be
invalid or unenforceable for any reason, the remaining provisions shall
continue to be valid and enforceable. If a court finds that any provision of
this Agreement is invalid or
unenforceable, but that by limiting such provision it would become valid and
enforceable, then such provision shall be deemed to be written, construed,
and enforced as so limited.
Party contracting services:
By: /s/ Xxxxxx Xxxxx
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President
Service Provider:
Val-Add Service Corporation
By: /s/ Xxxxxx Xxxxxxx
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Val-Add Service Corporation
President
