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Date: Fri, 3 Dec 2021 20:19:23 -0800
From: Snow Melk <smelk@aicenergycorp.com>
Subject: Fwd: Bell Bank financial discussion
Thread-Topic: Fwd: Bell Bank financial discussion
In-Reply-To: <B4B01764-9ADD-44FA-AF22-8E77301F7274@bis.midco.net>
Message-ID: <111B7835-BD39-6A4C-BD41-94335688B07E@hxcore.ol>
References: <B4B01764-9ADD-44FA-AF22-8E77301F7274@bis.midco.net>
To: <bchen@aicenergycorp.com>
Cc: <fchen@aicenergycorp.com>, <jlee@aicenergycorp.com>, <jmelk06@yahoo.com>
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<html><body><div dir=3D"ltr"><div>=0A=
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    </div><div><div>=0A=
    	=0A=
    	<div>Bob&nbsp;</div><div dir=3D"ltr">Forword Bell Davis=E2=80=99s Emai=
l.&nbsp;</div><div dir=3D"ltr">Bell Bank financial discussion.</div><div di=
r=3D"ltr"><br></div><div dir=3D"ltr">Good night.&nbsp;</div>=0A=
    	<div id=3D"ms-outlook-mobile-signature"><div><br></div><table width=3D=
"384" style=3D"border-collapse:collapse;border-spacing:0px;caret-color:rgb(=
33, 33, 33);font-family:-apple-system, HelveticaNeue;width:4in;border:none"=
><tbody><tr style=3D"height:63.4pt"><td width=3D"195" style=3D"width:146pt;=
border-style:none solid none none;border-right-width:1pt;border-right-color=
:windowtext;padding:0in 5.4pt;height:63.4pt"><p style=3D"margin:0in;font-si=
ze:11pt;font-family:Calibri, sans-serif"><span style=3D"font-size:9pt;line-=
height:1.5"><img width=3D"155" height=3D"64" src=3D"blob:outlook-mobile-com=
pose:///7ffc562c-3cc6-466c-a683-7e47e8017d95" alt=3D"Image" data-ogsw=3D"1.=
6145in" data-ogsh=3D"0.6666in" style=3D"border:none;max-width:100%;width:15=
4.984375px !important;height:63.990451765252395px !important"></span><span =
style=3D"font-size:12pt;line-height:1.5"></span></p><p style=3D"margin:0in;=
font-size:11pt;font-family:Calibri, sans-serif"><span style=3D"font-size:9p=
t;line-height:1.5">&nbsp;</span><span style=3D"font-size:12pt;line-height:1=
5"></span></p><p style=3D"margin:0in;font-size:11pt;font-family:Calibri, s=
ans-serif"><span style=3D"font-size:9pt;line-height:1.5">&nbsp;</span><span=
 style=3D"font-size:12pt;line-height:1.5"></span></p><p style=3D"margin:0in=
;font-size:11pt;font-family:Calibri, sans-serif"><span style=3D"font-size:1=
2pt;line-height:1.5"><img width=3D"171" height=3D"44" src=3D"blob:outlook-m=
obile-compose:///c625c06d-58f6-4b4b-a954-c2ca21f6f518" alt=3D"Logo<br><br>D=
escription automatically generated" data-ogsw=3D"1.7812in" data-ogsh=3D"0.4=
583in" style=3D"border:none;max-width:100%;width:170.984375px !important;he=
ight:43.99401474427353px !important"></span></p></td><td width=3D"189" styl=
e=3D"width:142pt;border:none;padding:0in 5.4pt;height:63.4pt"><font color=
=3D"#2f5496" face=3D"Arial, sans-serif"><b>Renee L. Melk</b></font><br><fon=
t face=3D"Arial, sans-serif" size=3D"1">VP / Chief Operation Officer</font>=
<br><p style=3D"margin:0in;font-size:11pt;font-family:Calibri, sans-serif">=
<span style=3D"font-size:4pt;font-family:Arial, sans-serif;line-height:1.5"=
>&nbsp;</span><span style=3D"font-size:12pt;line-height:1.5"></span></p><p =
style=3D"margin:0in;font-size:11pt;font-family:Calibri, sans-serif"><b><spa=
n lang=3D"FR" style=3D"font-size:8pt;font-family:Arial, sans-serif;color:rg=
b(47, 84, 150);line-height:1.5">Phone</span></b><span lang=3D"FR" style=3D"=
font-size:8pt;font-family:Arial, sans-serif;color:rgb(47, 84, 150);line-hei=
ght:1.5">:<span>&nbsp;</span></span><span lang=3D"FR" style=3D"font-size:8p=
t;font-family:Arial, sans-serif;line-height:1.5"><span dir=3D"ltr" style=3D=
"color:currentcolor">702.685.1118</span>&nbsp;<span>&nbsp;</span></span><sp=
an style=3D"font-size:12pt;line-height:1.5"></span></p><p style=3D"margin:0=
in;font-size:11pt;font-family:Calibri, sans-serif"><b><span lang=3D"FR" sty=
le=3D"font-size:8pt;font-family:Arial, sans-serif;color:rgb(47, 84, 150);li=
ne-height:1.5">Direct:&nbsp;<span>&nbsp;</span></span></b><span lang=3D"FR"=
 style=3D"font-size:8pt;font-family:Arial, sans-serif;line-height:1.5"><spa=
n dir=3D"ltr" style=3D"color:currentcolor">702.508.1908</span></span><span =
style=3D"font-size:12pt;line-height:1.5"></span></p><p style=3D"margin:0in;=
font-size:11pt;font-family:Calibri, sans-serif"><b><span lang=3D"FR" style=
=3D"font-size:8pt;font-family:Arial, sans-serif;color:rgb(47, 84, 150);line=
-height:1.5">Email</span></b><span lang=3D"FR" style=3D"font-size:8pt;font-=
family:Arial, sans-serif;line-height:1.5"><font color=3D"#2f5496">:&nbsp;sm=
elk@aicenergycorp.com</font></span><span style=3D"font-size:12pt;line-heigh=
t:1.5"></span></p><p style=3D"margin:0in;font-size:11pt;font-family:Calibri=
, sans-serif"><b><span lang=3D"FR" style=3D"font-size:4pt;font-family:Arial=
, sans-serif;color:rgb(91, 155, 213);line-height:1.5">&nbsp;</span></b><fon=
t size=3D"3"><span style=3D"font-size:12pt;line-height:1.5"></span></font><=
/p><p style=3D"margin:0in;font-size:11pt;font-family:Calibri, sans-serif"><=
span style=3D"font-size:8pt;font-family:Arial, sans-serif;color:rgb(47, 84,=
 150);line-height:1.5"><span dir=3D"ltr" style=3D"color:currentcolor">2840 =
S. Jones Blvd. Ste 1</span></span><span style=3D"font-size:12pt;line-height=
:1.5"></span></p><p style=3D"margin:0in;font-size:11pt;font-family:Calibri,=
 sans-serif"><span style=3D"font-size:8pt;font-family:Arial, sans-serif;col=
or:rgb(47, 84, 150);line-height:1.5"><span dir=3D"ltr" style=3D"color:curre=
ntcolor">Las Vegas, NV 89146</span></span><span style=3D"font-size:12pt;lin=
e-height:1.5"></span></p><p style=3D"margin:0in;font-size:11pt;font-family:=
Calibri, sans-serif"><b><span style=3D"font-size:4pt;font-family:Arial, san=
s-serif;color:rgb(47, 84, 150);line-height:1.5">&nbsp;</span></b><span styl=
e=3D"font-size:12pt;line-height:1.5"></span></p><p style=3D"margin:0in;font=
-size:11pt;font-family:Calibri, sans-serif"><b><span style=3D"font-size:8pt=
;font-family:Arial, sans-serif;color:rgb(47, 84, 150);line-height:1.5"><a h=
ref=3D"http://www.aicenergycorp.com/" style=3D"color:rgb(0, 120, 212)"><spa=
n style=3D"color:rgb(5, 99, 193)">www.aicenergycorp.com</span></a></span></=
b><span style=3D"font-size:4pt;line-height:1.5">&nbsp;</span></p></td></tr>=
</tbody></table><br></div>=0A=
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<div>&nbsp;</div><hr style=3D"display:inline-block;width:98%" tabindex=3D"-=
1"><div id=3D"divRplyFwdMsg" dir=3D"ltr"><font face=3D"Calibri, sans-serif"=
><b>From:</b> Davis &lt;davis@bis.midco.net&gt;<br><b>Sent:</b> Friday, Dec=
ember 3, 2021 7:16 PM<br><b>To:</b> John Melk; Snow Liu-Melk @AIC; John D. =
Lee<br><b>Subject:</b> Bell Bank financial discussion<div>&nbsp;</div></fon=
t></div>This afternoon I spoke with Nathan Berseth, market development offi=
cer, concerning AIC Energy=E2=80=99s request to Bell bank to be our lead le=
nder for the USDA 9003 guarantee program.=0A=
<br>=0A=
<br>He stated Bell bank is interested in participating in the financing of =
the project but not serving in the capacity as lead lender.=0A=
<br>=0A=
<br>He indicated that the possible upper range of participation was $50,000=
,000.=0A=
<br>=0A=
<br>He understood from our previous conversation this may involve their par=
ticipation as a separate financing of a component of the refinery.=0A=
<br>I specifically mentioned the hydrogen unit as an example.=0A=
<br>=0A=
<br>He said they would be open to syndication with other lenders to obtain =
additional financing.=0A=
<br>=0A=
<br>He also stated that we have their permission to share that Bell bank is=
 interested in participating in the financing of the project.=0A=
<br>=0A=
<br>He also implied that they are open to additional involvement in the fut=
ure.=0A=
<br>=0A=
<br>He shared that it appeared to be internal enthusiasm for the project, b=
ecause articles on SAF fuels were being shared between the review team.=0A=
<br>=0A=
<br>He said that it wasn=E2=80=99t necessary to make a special trip to Farg=
o next week, however I do think we should attempt to meet with Bell in Farg=
o  surrounding our meeting on December 14th.=0A=
<br>=0A=
<br>Thank you =0A=
<br>Sent from my iPhone=0A=
<br></div></div></body></html>=

