ASSET PURCHASE AGREEMENT BY AND AMONG MIDWEST RENEWABLE ENERGY, LLC, ETHANEX PHASE I, LLC, ETHANEX PHASE II, LLC, ETHANEX PHASE III, LLC ETHANEX SUTHERLAND LAND, LLC, ETHANEX SUTHERLAND, LLC AND ETHANEX ENERGY, INC. Dated as of February 10, 2008Asset Purchase Agreement • February 14th, 2008 • Ethanex Energy, Inc. • Industrial organic chemicals • Delaware
THIS ASSET PURCHASE AGREEMENT (“Agreement”) is made as of February 10, 2008, by and among MIDWEST RENEWABLE ENERGY, LLC, a Nebraska limited liability company (“Seller”), ETHANEX ENERGY, INC., a Nevada corporation (“Ethanex”), Ethanex Sutherland Land, LLC, a Delaware limited liability company that is wholly owned by Ethanex Sutherland (“RE LLC”), Ethanex Sutherland, LLC, a Delaware limited liability company that is wholly owned by Ethanex (“Ethanex Sutherland”), Ethanex Phase I, LLC, a Delaware limited liability company that is wholly owned by Ethanex Sutherland (“Phase I Buyer”), Ethanex Phase II, LLC, a Delaware limited liability company that is wholly owned by Ethanex Sutherland (“Phase II Buyer”), and Ethanex Phase III, LLC, a Delaware limited liability company that is wholly owned by Ethanex Sutherland (“Phase III Buyer,” and together with Phase I Buyer, Phase II Buyer and RE LLC, “Buyers” or the “Buyer Group”).
