CONSENT TO ASSIGNMENT
Exhibit 10.3
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.
REG, LLC, InterWest, L.C., and West Central Cooperative joined their forces to expand upon
their biodiesel construction, management and marketing efforts by creating 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 Iowa Renewable Energy’s
consent to an assignment of REG, LLC’s rights in the Agreements to REG, Inc.
Performance of the Agreements 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 Iowa Renewable Energy.
REG, LLC (f/k/a Renewable Energy Group, LLC) | RENEWABLE ENERGY GROUP, INC. | |||||
By
|
/s/ Xxxx Xxxxxxxxxx | By | /s/ Xxxxxxx Xxxxxxxx | |||
Xxxx Xxxxxxxxxx, President | Xxxxxxx Xxxxxxxx, CEO |
Iowa Renewable Energy hereby consents to the assignment of the Agreements to Renewable Energy
Group, Inc.
IOWA RENEWABLE ENERGY, LLC | ||||
By | /s/ Xxxxxxx X. Xxxxxxxx | |||
President (Title) |
EXHIBIT A
AGREEMENTS BETWEEN REG, LLC and IOWA RENEWABLE ENERGY
Iowa Renewable Energy: XXXX Standard Form of Design Build Agreement and General Conditions
Between Owner and Contractor dated May 2, 2006, by and between Renewable Energy Group and Iowa
Renewable Energy, LLC, with respect to the Iowa Renewable Energy biodiesel facility in Washington,
Iowa; Agreement for Pre-Construction Services dated February 17, 2006, by and between Iowa
Renewable Energy, LLC, and REG, LLC (f/k/a Renewable Energy Group, LLC), joined therein by West
Central Cooperative and Xxxx & Xxxxxxx, Inc., as guarantors; Agreement for Phase 1 Services and
Statement of Intent dated September 22, 2005, by and between Iowa Renewable Energy, LLC, and REG,
LLC (f/k/a Renewable Energy Group, LLC); Agreement for Phase 2 Services dated September 22, 2005,
by and between Iowa Renewable Energy, LLC, and REG, LLC (f/k/a Renewable Energy Group, LLC); and
Addendum to Agreements for Phase 1 and Phase 2 Services and Statement of Intent dated September 29,
2005, by and between Iowa Renewable Energy, LLC, and REG, LLC (f/k/a Renewable Energy Group, LLC).