EMPLOYMENT AGREEMENT CHIEF EXECUTIVE OFFICEREmployment Agreement • January 13th, 2009 • Otter Tail Ag Enterprises, LLC • Industrial organic chemicals • Minnesota
This Employment Agreement (“Agreement”) is made effective the 1st day of December, 2008, by and between Otter Tail Ag Enterprises, LLC, a Minnesota limited liability company (“Company”), and Anthony J. Hicks, a Minnesota resident (“Executive”).
Otter Tail Ag Enterprises, LLCOtter Tail Ag Enterprises, LLC • January 13th, 2009 • Industrial organic chemicals
Assuming a similar waiver by Ag Star Financial Services, PCA, under the loan documents and the concurrence of U.S. Bank National Association, as bond trustee, Otter Tail County will not call the Lease Agreement or enforce the various remedies available to it under the terms and conditions of the Lease Agreement prior to October 1, 2009, as a result of the specific violations with the primary lenders outlined in your letter of November 11, 2008, to Wayne Stein, County Auditor, a copy of which is attached. This waiver applies only to the violations of the agreements referenced in the November 11, 2008 letter, and does not waive compliance with any other provision of the Lease Agreement with Otter Tail County.
