Extension of Employment Agreement between NEDAK Ethanol, LLC and Jerome A. Fagerland

Summary

This agreement extends the employment of Jerome A. Fagerland as President and General Manager of NEDAK Ethanol, LLC for an additional two years, starting November 1, 2011 and ending October 31, 2013. Both parties agree that the employment term may be extended again for another two-year period if both provide written consent by September 1, 2013. The extension is formalized with signatures from both parties.

EX-10.1 2 exhibit101.htm EXTENSION TO EMPLOYMENT AGREEMENT exhibit101.htm

Exhibit 10.1

EXTENSION OF EMPLOYMENT AGREEMENT

FOR

PRESIDENT AND GENERAL MANAGER JEROME A. FAGERLAND

	THIS EXTENSION OF EMPLOYMENT AGREEMENT, effective as of August 3, 2011, is between NEDAK Ethanol, LLC and Jerome A. Fagerland. As allowed by paragraph 3.(a) of the original Employment Agreement (Exhibit 10.1) executed on October 30, 2007: “… This Term may be extended for two additional two-year periods upon express written consent of both parties on or before September 1, 2011 and September 1, 2013, respectively…” We hereby provide written consent that exhibited Employment Agreement shall be extended for an additional two years beginning on November 1, 2011, expiring on October 31, 2013. We hereby affirm that exhibited Employment Agreement may be extended for one additional two-year period upon express written consent of both parties on or before September 1, 2013. IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above set forth.

	NEDAK ETHANOL, LLC		PROFESSIONAL

	/s/ Everett Vogel		/s/ Jerome A. Fagerland
	Everett Vogel		Jerome A. Fagerland
	Chairman		Date: August 3, 2011
	Date: August 3, 2011