0000950137-07-001086 Sample Contracts

IOWA RENEWABLE ENERGY, LLC OPERATING AGREEMENT
Operating Agreement • January 29th, 2007 • Iowa Renewable Energy, LLC • Iowa

THIS OPERATING AGREEMENT (the “Agreement”) is entered into and shall be effective as of the 5th day of October, 2005, by and among Iowa Renewable Energy, LLC, an Iowa limited liability company (the “Company”), each of the Persons (as hereinafter defined) who are identified as Members on the attached Exhibit “A” and who have executed a counterpart of this Agreement and a Subscription Agreement, and any other Persons as may from time-to-time be subsequently admitted as a Member of the Company in accordance with the terms of this Agreement. Capitalized terms not otherwise defined herein shall have the meaning set forth in Section 1.10.

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CONSTRUCTION-TERM LOAN AGREEMENT
Construction-Term Loan Agreement • January 29th, 2007 • Iowa Renewable Energy, LLC

Re: Construction-Term Loan Agreement dated October 10, 2006, between Iowa Renewable Energy, LLC, as Borrower, and BANKFIRST (“Lender” or “you”)

CONSENT TO ASSIGNMENT
Consent to Assignment • January 29th, 2007 • Iowa Renewable Energy, LLC

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.

MANAGEMENT AND OPERATIONAL SERVICES AGREEMENT
Management and Operational Services Agreement • January 29th, 2007 • Iowa Renewable Energy, LLC • Iowa

This Management and Operational Services Agreement (“Agreement”) is made and entered into as of the 25th day of August, 2006, by and between Renewable Energy, Inc., a cooperation organized and existing under the laws of the state of Delaware, with offices at Ralston, Iowa (“REG, Inc.”), and Iowa Renewable Energy, LLC, a limited liability company organized and existing under the laws of the state of Iowa, with offices at Washington, Iowa (“Iowa Renewable Energy”).

INDEPENDENT CONTRACTOR AGREEMENT
Independent Contractor Agreement • January 29th, 2007 • Iowa Renewable Energy, LLC

This Independent Contractor Agreement is made effective for all purposes and in all respects as of this 6th day of December, 2005, by and between IOWA RENEWABLE ENERGY L.L.C. (hereinafter known as “Principal”) and PAMELA DUNBAR (hereinafter known as “Independent Contractor”) who shall collectively be known herein as “the Parties”.

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