December 5, 2006 Strictly Private and Confidential Mr. Gord Laschinger Chief Executive Officer Northern Ethanol, Inc. Suite 300 Toronto, Ontario Canada, M5A 1J5Northern Ethanol, Inc. • May 4th, 2007 • Blank checks • New York
This letter (the “Engagement Letter”) confirms the terms and conditions under which WestLB AG, New York Branch (“WestLB”) is engaged by Northern Ethanol, Inc. (the “Obligor”) to structure, arrange and distribute a senior secured construction and term debt facility of approximately US$[223,500,000.00]1 (the “Senior Construction/Term Facility”) and a subordinated secured debt facility of approximately US$[55,875,000.00] (the “Subordinated Facility” and, together with the Senior Construction/Term Facility, the “Debt Facility”) for the Borrowers (as defined below).
December 5, 2006 Strictly Private and Confidential Mr. Gord Laschinger Chief Executive Officer Northern Ethanol, Inc, Suite 300 Toronto, Ontario Canada, M5A 1J5Northern Ethanol, Inc. • May 4th, 2007 • Blank checks
This letter (this “Fee Letter”) sets forth certain fees payable by the Obligor in connection with the Engagement Letter dated as of the date hereof (the “Engagement Letter”) between WestLB AG, New York Branch (“WestLB”) and Northern Ethanol, Inc., (the•”Obligor”). Unless otherwise indicated herein, capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Engagement Letter.
