Exhibit 10.14.1
ADDENDUM NO. 1
TO
FINANCIAL SERVICES AGREEMENT
This ADDENDUM (the "Addendum") is entered into as of April 30, 2003 and
supplements and modifies the Agency Agreement dated March 25, 2003 (the
"Agreement") between Oregon Trail Ethanol Coalition, L.L.C., a Nebraska limited
liability company ("The Company"), and Northland Securities, Inc., a Minnesota
corporation ("Northland Securities"). Capitalized terms not otherwise defined
herein shall have the meaning set forth in the Agreement. For the purposes of
this Addendum, to the extent any of the provisions of this Addendum are
inconsistent with the terms and conditions of the Agreement, the terms and
conditions of this Addendum will prevail. In all other respects, the terms and
conditions of the Agreement shall remain in full force and effect and shall be
applicable to this Addendum and the parties hereto. The Company and Northland
Securities agree as follows:
1. Term of the Agreement. The second paragraph of Section 3 of the
Agreement should be deleted in its entirety and the following substituted in
lieu thereof:
"Either party may terminate this Agreement immediately if (1) by July 1,
2003, The Company has not raised its minimum subscription amount as set
forth in The Company's Registration Statement, as amended, filed with the
U.S. Securities and Exchange Commission, or (2) the Financial Close has not
occurred by July 31, 2003."
2. Counterparts. This Addendum may be executed in counterparts, each of
which will be deemed an original, but all or which together will constitute one
and the same instrument.
IN WITNESS WHEREOF, the undersigned parties have executed this Addendum the
date and year first above written and each party agrees it has read and
understands all the terms of this Addendum.
Oregon Trail Ethanol Coalition, L.L.C.
By: /s/ Xxxx X. Xxxxxx (signature)
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Xxxx X. Xxxxxx (printed name)
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Its: Chairman of the Board
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Northland Securities, INC.
By: /s/ Xxxxx X. Xxxxxxxx (signature)
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Xxxxx X. Xxxxxxxx (printed name)
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Its: Chief Operating Officer
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