=0A= =0A= =0A= =0A=

=0A= =0A=

I put a call in with ICF and will advise as soon as w= e have a time secured.

Thanks

J= ennifer

=0A= =0A=

=0A= =0A= =0A=

From: Phillip <pstack@keitu.com>
Sent: Monday, Febr= uary 14, 2022 11:56 AM
To: jwilson@aicenergycorp.com; 'rgrimes'Cc: 'John Melk @icloud'; directory@aicenergycorp.com
Subject= : RE: Response to ICF Questions

Hi Jennifer,

I can make it any time. Just let me know when the meeting is.<= /p>

Sincerely,

Phillip Stack

From: jwilson@aicenergycorp.com &= lt;jwilson@aicenergycorp.com>
Sent: Monday, February 14, 2022= 1:27 PM
To: Phillip <pstack@keitu.com>; 'rgrimes' <rgri= mes@aicenergycorp.com>
Cc: 'John Melk @icloud' <jmelk06@icl= oud.com>; directory@aicenergycorp.com
Subject: Re: Response to= ICF Questions

Hi Phil,

We need to schedule a zoom me= eting and ho over each of their questions one by one.

<= p class=3D"MsoNormal">What day are you available?

Thanks,

Jennifer

From: Phillip <pstack@keitu= com>
Sent: Monday, February 14, 2022 8:06 AM
To: jwilson@aicenergycorp.com; 'rgrimes'
Cc: 'John Melk @icloud'; directory@aicenergycorp.com
Subject: RE: = Response to ICF Questions

Hi Jennifer,

Kathye sent an initial response Keitu developed to = help you answer Mark=E2=80=99s questions on Friday. There are some is= sues with Mark=E2=80=99s assumptions.

<= p class=3D"MsoNormal">Please feel free to call if you have any questions.

Sincerely,
Phillip Stack

=
From: Cleri, Paul <Paul.Cleri@icf.com>
Sent: Monda= y, February 14, 2022 9:19 AM
To: jwilson@aicenergycorp.com
Cc: Phillip <pstack@keitu.com>; jmelk06@icloud.com; Penshorn, Mark <Mark.Penshorn@icf.com>
Subject: RE: Response to ICF Questions
= ;
Jennifer:

<= p class=3D"MsoNormal">Let us know if your team would like to walk through t= his on a call

Paul

=
Paul D. Cleri, P.E.= | Principal Consultant, Energy Markets, Technical Advisory |+1.212= 656.9214 | Paul.Cleri@icf.com | icf.com

From: Penshorn, Mark <Mark.Penshorn= @icf.com>
Sent: Monday, February 14, 2022 10:17 AM
= To: jwilson@aicenergycorp.= com; jmelk06@icloud.com
Cc: Cleri, Paul <Paul.Cleri@i= cf.com>; Phillip <pstack@keit= u.com>
Subject: RE: Response to ICF Questions

Morning All =E2= =80=93

I wanted = to forward this on again and make sure it landed on the top of your inbox f= or today. Please let me know if you have any questions.

I hate putting math in an e= mail=E2=80=A6but here=E2=80=99s an example:
= ;
Jet Fuel Production: Assume SOR @ 4,671 BPD at = 80% of the time and 340 days per year of operation

That=E2=80=99s 4,671 BPD * 42 gal/barrel= * 340 days/year * 80% jet fuel operations / 12 months =3D 4,446,792 gallon= s per month.

That is less than the 4,502,184 gallons/month in Phil=E2=80=99s table b= elow. The calculation above also uses SOR conditions which only apply= for a given % of time and should therefore be lower.

This is the reason Im looking = for more details on the specifics of the planned operation.

Thank you,

= MARK PENSHORN, Lead Chemical Engineer
+1.3= 03.728.6365 work
+1.720.771.7345 mobile
= icf.com | = = LinkedIn

From: Penshorn, Mark
Sent: F= riday, February 11, 2022 10:25 AM
To: jwilson@aicenergycorp.com; jmelk06@icloud.com
Cc: Cleri, Paul <Paul.Cleri@icf.com>; Phillip <pstack@keitu.com>
Subject: FW= : Response to ICF Questions

Hi Jennifer and John,
&nb= sp;
The project has three different cases each wi= th start-of-run (SOR) and end-of-run (EOR) performance. Phil has prov= ided a monthly production figure for naphtha, jet, and diesel (email below)= and in a separate email (attached) it has been concluded that this is from= 100% soybean oil.

Given that this information is the basis for the financial model, it is = critical that we understand the basis for this estimate and that you (the o= wners) do intend to operate the facility in the way that reaches the values= as stated by Phil. In other words, we need to understand if you do, = for example, intend to only operate on 100% soybean oil, and what percentag= e of time you intend to operate in each Case (100% diesel, 100% jet, and 50= /50) to achieve the monthly sales total shown in Phil=E2=80=99s email. = ; This will flow to how Phil calculates the average expected energy consump= tion for the project.

Here are the flows as expected in the HMB. Please note that the= HMB does not always reflect how the operator intends to operate the facili= ty. We=E2=80=99d like to understand from you how the HMB relates to t= he intended operational targets.

I hope this makes sense. If we need a call to= discuss this in more detail, Im happy to fit that in as soon as possible.&= nbsp; That may be a good call to have Herb on the phone to at least listen = to the discussion.

Thank you,

Ma= rk

Table XX:

<= span style=3D"color:black">Case 1

Case 2

Case 3

=

SOR
<= span style=3D"color:black">EOR
SOR
EOR
SOR
EOR

Raw Soy Oil
6710
6710
6711<= /span>
6711
6736=
6736

=
Naphtha (BPD)
=
211
203
<= /td>
1178
1138
=
835
806
<= /td>

Jet (BPD)
0
0
4671
4513
2641
2549

Diesel (BPD)
6311<= /span>
6090
0
0
2594
2503
=
Note 1: Certain S= OR/EOR cases were not available at this time. Production of products = at EOR is assumed to be 3.5% less than SOR values

= MARK PENSHORN, Lead Chemical Engineer
+1.3= 03.728.6365 work
+1.720.771.7345 mobile
= icf.com | = = LinkedIn

From: Phillip <pstack@keitu.com>
Sent: Tuesday, February = 1, 2022 4:10 PM
To: Penshorn, Mark <Mark.Penshorn@icf.com>
Cc: 'rgrimes' <rgrimes@aicenergycorp.com>= ;; 'Kris Keller @Keitu' <kkeller@ke= itu.com>; kspilman@keitu.com; directory@aicenergycorp.= com; Cleri, Paul <Paul.Cleri@i= cf.com>
Subject: RE: Response to ICF Questions

Looking further= into the NG change, it does seem the yields were changed slightly since th= e previous GREET model. The following table should be the current yie= lds for sellable products.

Sellable Product
gal/month
Jet
    &n= bsp;4,502,184
Die= sel
      1,570,235
Naphtha
    =   1,172,643

-PS
=
From: Penshorn, Mark <= Mark.Penshorn@icf.com>
= Sent: Tuesday, February 1, 2022 2:57 PM
To: Phillip <pstack@keitu.com>
Cc: 'r= grimes' <rgrimes@aicenergyc= orp.com>; 'Kris Keller @Keitu' <kkeller@keitu.com>; kspilm= an@keitu.com; directory@= aicenergycorp.com; Cleri, Paul <Paul.Cleri@icf.com>
Subject: RE: Response to ICF Questio= ns

T= hose were some very significant reductions in NG and electricity usage from= the previous GREET model. Can you provide some color?

Thanks,

= MARK PENSHORN, Lead Chemical Engineer
+1.3= 03.728.6365 work
+1.720.771.7345 mobile
= icf.com | = = LinkedIn

From: Phillip <pstack@keitu.com>
Sent: Tuesday, February = 1, 2022 2:03 PM
To: Penshorn, Mark <Mark.Penshorn@icf.com>
Cc: 'rgrimes' <rgrimes@aicenergycorp.com>= ;; 'Kris Keller @Keitu' <kkeller@ke= itu.com>; kspilman@keitu.com; directory@aicenergycorp.= com
Subject: Response to ICF Questions

Good Afternoon Mark,

I believe the attache= d Excel file should provide you with the basis for the natural gas and elec= tricity numbers and the composition of Stream 7600 (the non-NG stream enter= ing the SMR=E2=80=99s burner). The numbers in gold and efficiency num= bers are an estimates.

The flare is included as part of the miscellaneous number.

Note: The electricity num= bers in the GREET 3.0 model you received contained an error. Please u= se the numbers in the attached file for your calculations. (I have co= rrected the error in my financial model.)
<= /p>
Please feel free to reach out with any questions.=

Sincerely,
<= p class=3D"MsoNormal">
Phillip T. Stack
Staff= Engineer (Cost)

1403 27th St NW
PO Box 98
Mandan ND 58554
(701) 667-1800

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Table XX:
	<= span style=3D"color:black">Case 1		Case 2		Case 3		=
	SOR	<= span style=3D"color:black">EOR	SOR	EOR	SOR	EOR
Raw Soy Oil	6710	6710	6711<= /span>	6711	6736=	6736
= Naphtha (BPD) =	211	203 <= /td>	1178	1138 =	835	806 <= /td>
Jet (BPD)	0	0	4671	4513	2641	2549
Diesel (BPD)	6311<= /span>	6090	0	0	2594	2503	=
Note 1: Certain S= OR/EOR cases were not available at this time. Production of products = at EOR is assumed to be 3.5% less than SOR values

Sellable Product	gal/month
Jet	&n= bsp;4,502,184
Die= sel	1,570,235
Naphtha	= 1,172,643