0001083742-07-000023 Sample Contracts

ANAEROBIC DIGESTER BIOGAS FACILITIES LEASE AGREEMENT
Lease Agreement • May 21st, 2007 • Intrepid Technology & Resources, Inc. • Industrial organic chemicals • Idaho

THIS ANAEROBIC DIGESTER BIOGAS FACILITIES LEASE AGREEMENT (hereinafter "Lease" or "Agreement") is made and entered into this 13th day of October, 2006, by and between S & R MILLING, LLC, an Idaho limited liability company (hereinafter referred to as "Lessor") affiliated with West Point Farms ("Dairy") and INTREPID TECHNOLOGY AND RESOURCES BIOGAS, LLC, an Idaho limited liability company (hereinafter referred to as "Lessee"), a wholly-owned subsidiary of Intrepid Technology and Resources, Inc. ("Intrepid"). The parties hereto shall, individually, be a "Party" and, collectively, the "Parties."

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GAS PURCHASE AND SALE AGREEMENT between INTERMOUNTAIN GAS COMPANY (“Buyer”) and INTREPID TECHNOLOGY & RESOURCES, INC. (“Seller”) Dated: October 25, 2005
Gas Purchase and Sale Agreement • May 21st, 2007 • Intrepid Technology & Resources, Inc. • Industrial organic chemicals • Idaho
ANAEROBIC DIGESTER BIOGAS FACILITIES SUPPLY AND OPERATIONS AGREEMENT
Supply and Operations Agreement • May 21st, 2007 • Intrepid Technology & Resources, Inc. • Industrial organic chemicals • Idaho

THIS ANAEROBIC DIGESTER BIOGAS FACILITIES SUPPLY AND OPERATIONS AGREEMENT ("Agreement") is made and entered into as of this 13th day of October, 2006, by and between WEST POINT FARMS, an Idaho partnership ("Dairy") and INTREPID TECHNOLOGY AND RESOURCES BIOGAS, LLC, an Idaho limited liability company ("Intrepid"). The parties hereto shall, individually, be a "Party" and, collectively, the "Parties."

LEASEHOLD DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FINANCING STATEMENT
Leasehold Deed of Trust, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement • May 21st, 2007 • Intrepid Technology & Resources, Inc. • Industrial organic chemicals • Idaho

THIS LEASEHOLD DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FINANCING STATEMENT (this Deed of Trust herein referred to as this “Mortgage”), dated as of November 1, 2006, by and among Intrepid Technology and Resources Biogas, LLC, an Idaho limited liability company, whose address is 501 West Broadway, Suite 200, Idaho Falls, Idaho 83402, as grantor (hereinafter called “Mortgagor”), First American Title Insurance Company, as deed of trust trustee (hereinafter called “Deed of Trust Trustee”) having an address at c/o Land Title and Escrow, Inc., 211 West 13th Street, Burley, Idaho 83318, and Wells Fargo Bank, National Association, as Trustee under that certain Indenture of Trust, a national banking association, whose address is 877 W. Main Street, 3rd Floor, Boise, Idaho 83702, Attention: Twyla D. Gauthier, CCTS - Vice President, Corporate Trust, as beneficiary (hereinafter called “Mortgagee”).

THE INDUSTRIAL DEVELOPMENT CORPORATION OF GOODING COUNTY, IDAHO TO WELLS FARGO BANK, NATIONAL ASSOCIATION
Indenture of Trust • May 21st, 2007 • Intrepid Technology & Resources, Inc. • Industrial organic chemicals

THIS INDENTURE OF TRUST dated as of the first day of November, 2006 by and between THE INDUSTRIAL DEVELOPMENT CORPORATION OF GOODING COUNTY, IDAHO, a public corporation duly organized and existing under the Constitution and the laws of the State of Idaho (the “Issuer”), party of the first part, and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association duly organized, existing and authorized to accept and execute trusts of the character herein set out and by virtue of the laws of the United States, with a corporate trust office, domicile and post office address located at 877 West Main Street, Boise, Idaho 83702, as Trustee (the “Trustee”), party of the second part;

GUARANTY AGREEMENT INTREPID TECHNOLOGY AND RESOURCES, INC.
Guaranty Agreement • May 21st, 2007 • Intrepid Technology & Resources, Inc. • Industrial organic chemicals • Idaho

THIS IS A GUARANTY AGREEMENT dated as of November 1, 2006, between INTREPID TECHNOLOGY AND RESOURCES, INC., an Idaho corporation (the “Guarantor”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE, a national banking association (the “Trustee”), as Trustee for the holders of the within defined Bonds.

THE INDUSTRIAL DEVELOPMENT CORPORATION OF GOODING COUNTY, IDAHO AND INTREPID TECHNOLOGY AND RESOURCES BIOGAS, LLC LOAN AGREEMENT
Loan Agreement • May 21st, 2007 • Intrepid Technology & Resources, Inc. • Industrial organic chemicals

LOAN AGREEMENT dated as of November 1, 2006 between The Industrial Development Corporation of Gooding County, Idaho, a public corporation duly organized and existing under the laws of the State of Idaho (the “Issuer”), and Intrepid Technology and Resources Biogas, LLC, a limited liability company organized and existing under the laws of the State of Idaho (the “Company”).

LIMITED LIABILITY COMPANY PLEDGE AGREEMENT
Limited Liability Company Pledge Agreement • May 21st, 2007 • Intrepid Technology & Resources, Inc. • Industrial organic chemicals • Idaho

THIS LIMITED LIABILITY COMPANY PLEDGE AGREEMENT dated as of November 1, 2006 (this "Pledge"), is between Intrepid Technology and Resources, Inc., an Idaho corporation (the "Parent"), as pledgor, and Wells Fargo Bank, National Association, a national banking association, as Trustee pursuant to an Indenture of Trust dated of even date herewith, as described below (the "Trustee"), as pledgee.

BIOGAS TRANSPORTATION AGREEMENT
Biogas Transportation Agreement • May 21st, 2007 • Intrepid Technology & Resources, Inc. • Industrial organic chemicals • Idaho

THIS BIOGAS TRANSPORTATION AGREEMENT (“Agreement”), made and entered into as of this 20th day of October 2006, by and between Intrepid Technology and Resources, Inc., an Idaho corporation, (“Transporter”) and Intrepid Technology and Resources Biogas, LLC, an Idaho limited liability company, (“Shipper”). The parties hereto are hereinafter referred to from time-to-time individually as a “Party” and collectively as the “Parties.”

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