1. MIDA Bond-Tharaldson Ethanol Plant

CASS COUNTY MIDA BOND APPLICATION FORM 1. Name of applicant: Tharaldson Ethanol Plant I, L.L.C. 2. Telephone number of applicant: 702-260-8443 3. Size of issue requested: $102,000,000 4. Type of issue (check one): (a) Small issue - $1,000,000 [Section 144(a)] (b) Small issue - $10,000,000 [Section 144(a)(4)] (c) Qualified residential rental project [Section 142(a)(7)] (d) Qualified 501(c)(3) issue [Section 145] (e) Refunding issue (f) X Other (specify type): Solid Waste Disposal [Section 142(a)(6)] 5. Iftype of issue checked was small issue ($1,000,000 or $10,000,000), is issue for a manufacturing facility as defined in Section 144(a)(l2)(C)? Yes No 6. If type of issue check was qualified residential rental project, will project meet the low income requirements for tenants as set out in Section 142( d)? Yes No 7. Estimated date of issue if approved by County: July, 2007 8. Give a brief explanation of project, which explanation should include the location of the project, description of the use of the bond proceeds, and whether or not the project would create additional employment: The Bond proceeds will be used to finance the solid waste disposal components ofa 100 million gallon per year ethanol production facility located west of Cassel ton, North Dakota on a parcel north of36th Street SE, south of the Burlington Northern Railroad tracks, east of 153rd Avenue SE and west of I 54th Avenue SE (the "Project"). The Project will be Owned and operated by Tharaldson Ethanol Plant I, L.L.C. The project is expected to cost approximately $240,000,000 and will create new jobs during construction and approximately 40 permanent jobs. 9. Attached to the Application Form is a check in the amount of$I,OOO which is the application fee, which fee is nonrefundable. If issue does close, the application fee shall be deducted from the issuance fee set out in paragraph 11. 10. Attached is a typed Initial Resolution giving project preliminary approval and a Notice of Hearing, both in the form provided by the County Auditor's office. The Initial Resolution and Notice shall have a hearing date which has been provided to the applicant by the County Auditor's office. 11. The applicant understands that the issuance fee for a new MIDA bond issue is equal to 1 % of the first $1 ,000,000 ofthe Bond issue and that there is no fee beyond the first $1,000,000. For refunding bond issues the issuance fee is one-half of the amount set forth above. Dated: April 27, 2007. THARALDSON ETHANOL PLANT I, L.L.C. ~~~ By: ...,. y I. ond Counsel