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
________________, 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
Prospectus Supplement dated ______________, 2004.
Because of changes to our offering necessitated by our proposed
arrangements with GLE and Xxxxx, we are writing to offer you the opportunity to
cancel your subscription for our membership units. If you desire to cancel your
purchase, we must receive your written request to do so by no later than 5:00
p.m. Central Time on ________________, 2004 (ten days from the date of this
letter). You may deliver your written request by mail, in person or by telefax
to us at (000) 000-0000.
If you desire to reconfirm your subscription for our membership units, you
need do nothing. If we do not timely receive your request for cancellation, we
will deem you to have reconfirmed your subscription.
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 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