TERM SHEET PLANT SPECIFICATIONS, SCOPE OF SERVICES AND COMMERCIAL TERMS CONFIDENTIALEngineering, Procurement, Construction Contract • March 25th, 2008 • Northern Ethanol, Inc. • Industrial organic chemicals
This Term Sheet issued on 12th day of March, 2008 contains the basic terms upon which SK Engineering & Construction (hereinafter referred to as the “EPC Contractor”) and Northern Ethanol (Sarnia) Inc. as “Owner” (each of which may be referred to as a “Party” or jointly as “Parties”) may negotiate an Engineering, Procurement, Construction, Commissioning, Start-Up and Performance Test Run Assistance Contract (“EPC Contract”) for the construction of a dry mill ethanol plant to be located at 1265 Vidal Street, Sarnia, Ontario, as more specifically described herein (the “Project”). The EPC Contract is expected to be fixed price with a fixed delivery.
