0001104659-06-062116 Sample Contracts

MEMBER CONTROL AGREEMENT OF HIGHWATER ETHANOL, LLC Dated: Effective May 4, 2006
Member Control Agreement • September 20th, 2006 • Highwater Ethanol LLC • Minnesota

THIS MEMBER CONTROL AGREEMENT (the “Agreement”) is entered into effective as of the 4th of May, 2006, by and among Highwater Ethanol, LLC, a Minnesota limited liability company (the “Company”), each of the Persons identified as Members on attached Exhibit “A,” and any other Persons that may from time-to-time be subsequently admitted as Members of the Company in accordance with the terms of this Agreement. Capitalized terms used but not otherwise defined herein shall have the meaning set forth in Section 1.10.

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CONTINUOUS SERVICES AGREEMENT FOR ENGINEERING SERVICES
Continuous Services Agreement • September 20th, 2006 • Highwater Ethanol LLC • Missouri

THIS CONTINUOUS SERVICES AGREEMENT is made this 25th day of April, 2006, between Highwater Ethanol (“OWNER”) and TranSystems Corporation (“TRANSYSTEMS”).

ENERGY MANAGEMENT AGREEMENT (Site Development and Operations)
Energy Management Agreement • September 20th, 2006 • Highwater Ethanol LLC • Minnesota

The purpose of this Agreement is to set forth the understanding and agreement between U.S. Energy Services, Inc. (“U.S. Energy”) and Highwater Ethanol, LLC (“Client”) related to the provision of energy management services.

PURCHASE AGREEMENT
Purchase Agreement • September 20th, 2006 • Highwater Ethanol LLC

This Agreement, made and entered into this 7th day of June, 2006, by and between Thomas Halter and Cathy Halter, husband and wife, hereinafter “Seller”, and Highwater Ethanol, LLC, hereinafter “Buyer”.

HIGHWATER ETHANOL, LLC SUBSCRIPTION AGREEMENT Limited Liability Company Membership Units $10,000 per Unit Minimum Investment of 1 Unit ($10,000)
Subscription Agreement • September 20th, 2006 • Highwater Ethanol LLC

The undersigned subscriber (“Subscriber”), desiring to become a member Highwater Ethanol, LLC (“Highwater Ethanol”), a Minnesota limited liability company, with its principal place of business at 205 S. Main Street, PO Box 96, Lamberton, Minnesota 56152 hereby subscribes for the purchase of membership units of Highwater Ethanol, and agrees to pay the related purchase price, identified below.

GRAIN PROCUREMENT AGREEMENT OF HIGHWATER ETHANOL, LLC AND MEADOWLAND FARMERS CO-OP Dated: July 25, 2006
Grain Procurement Agreement • September 20th, 2006 • Highwater Ethanol LLC • Minnesota

THIS GRAIN PROCUREMENT AGREEMENT, (the “Agreement”) is made and entered into this 25th day of July, 2006, by and between HIGHWATER ETHANOL, LLC (“HWE”) and MEADOWLAND FARMERS CO-OP (“MFC”).

ESCROW AGREEMENT
Escrow Agreement • September 20th, 2006 • Highwater Ethanol LLC • Minnesota

THIS ESCROW AGREEMENT (this “Agreement”) is made this day of , 200 , by and between Highwater Ethanol, LLC a Minnesota limited liability company (“Highwater Ethanol”) and Minnwest Bank of Redwood Falls, Minnesota as escrow agent (the “Escrow Agent”).

BUILDING LEASE
Building Lease • September 20th, 2006 • Highwater Ethanol LLC • Minnesota

THIS LEASE AGREEMENT, made this 7th day of June, 2006, between Interstate Power and Light Company (a wholly owned subsidiary of Alliant Energy Corporation) an Iowa corporation, hereinafter called the “Company” or “Lessor”, and Highwater Ethanol LLC, hereinafter called “Lessee,” having its prin­cipal place of business and office in the City of Lamberton, State of Minnesota.

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