CONTRACT
EXHIBIT 10.11 – Contract with Xxx Xxxxxx
This contract entered into this 11th day of January 2007.
Whereas East Fork Biodiesel, LLC(EFB) desires to protect its investment in the 60 M gal. per year biodiesel plant being constructed for EFB by REG, Inc.
Whereas EFB has had to terminate the services of the person hired to watch over the construction
Therefore, EFB agrees to hire board member, Xxx Xxxxxx to watch over the best interests of EFB by attending the weekly construction meetings, meeting with the subcontractors, keeping abreast of the latest developments and reporting back to the Board as needed to ensure the best interests of EFB.
For this service, EFB agrees to pay the sum of $40 per hour for each hour spent conducting this service as well as any travel expenses at the established Board rate.
Xxx Xxxxxx accepts this responsibility and will issue monthly statements to include time and expenses and well as reporting to the Board by communicating with the President or during Board meetings.
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Xxx Xxxxxx |
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Xxxxxxx X. Xxxxx |
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President |
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