ESCROW AGREEMENTEscrow Agreement • June 6th, 2007 • Agassiz Energy, LLC • Industrial organic chemicals • Minnesota
This Escrow Agreement (the “Agreement”) dated as of , 2007 is by and between Agassiz Energy, LLC, a Minnesota limited liability company (the “Company”) and Bremer Bank, N.A. (the “Escrow Agent”), (the “Escrow Agent” and the “Company” may also be hereinafter referred to as the “Parties”).
IMPOUNDMENT AGREEMENTImpoundment Agreement • June 6th, 2007 • Agassiz Energy, LLC • Industrial organic chemicals
THIS IMPOUNDMENT AGREEMENT, made and entered into June ___, 2007, by and between Agassiz Energy, LLC, a Minnesota limited liability company (hereinafter called the “Issuer”) and Bremer Bank, N.A. (a national banking association) with principal offices in Crookston, Minnesota (hereinafter called the “Impoundment Agent”);
BUSINESS LOAN AGREEMENTBusiness Loan Agreement • June 6th, 2007 • Agassiz Energy, LLC • Industrial organic chemicals
THIS BUSINESS LOAN AGREEMENT dated March 9, 2007, is made and executed between Agassiz Energy, LLC (“Borrower”) and American Federal Bank (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement (“Loan”). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
AGASSIZ ENERGY, LLC SUBSCRIPTION AGREEMENT Limited Liability Company Membership Units $1.00 per Unit Minimum Investment of 20,000 Units ($20,000), Subject to Waiver 5,000 Unit Increments Thereafter ($5,000)Subscription Agreement • June 6th, 2007 • Agassiz Energy, LLC • Industrial organic chemicals
The undersigned subscriber, desiring to become a member of Agassiz Energy, LLC (“Agassiz Energy”), a Minnesota limited liability company, with its principal place of business at 510 County Road 71, Valley Technology Park, Crookston, Minnesota 56716, hereby subscribes for the purchase of the membership interests of Agassiz Energy, and agrees to pay the related purchase price, identified below.
