Return-Path: Delivered-To: directory@aicenergycorp.com Received: from server.64xmedia.com by server.64xmedia.com with LMTP id uc6mB6nhPWI7JgAAdUq3JA (envelope-from ) for ; Fri, 25 Mar 2022 11:37:13 -0400 Return-path: Envelope-to: directory@aicenergycorp.com Delivery-date: Fri, 25 Mar 2022 11:37:13 -0400 Received: from jax4mhob18.registeredsite.com ([64.69.218.106]:38614) by server.64xmedia.com with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_256_GCM_SHA384 (Exim 4.94.2) (envelope-from ) id 1nXm00-0002XU-M5 for directory@aicenergycorp.com; Fri, 25 Mar 2022 11:37:13 -0400 Received: from mailpod.hostingplatform.com ([10.30.71.211]) by jax4mhob18.registeredsite.com (8.14.4/8.14.4) with ESMTP id 22PFaTeg194624 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES256-GCM-SHA384 bits=256 verify=FAIL) for ; Fri, 25 Mar 2022 11:36:30 -0400 Received: (qmail 21153 invoked by uid 0); 25 Mar 2022 15:36:29 -0000 X-TCPREMOTEIP: 23.81.68.180 X-Authenticated-UID: kspilman@keitu.com Received: from unknown (HELO proxy-15.proxy.cloudus.ewr.xion.oxcs.net) (kspilman@keitu.com@23.81.68.180) by 0 with ESMTPA; 25 Mar 2022 15:36:29 -0000 From: To: "'Directory'" , "'Roger Grimes @AIC'" Cc: "'Kris Keller @Keitu'" , "'Phil Stack @Keitu'" , "'John Melk'" References: <01a401d83fcb$36009b30$a201d190$@aicenergycorp.com> <00cd01d84056$1485fc80$3d91f580$@keitu.com> <005201d84057$86fbf020$94f3d060$@aicenergycorp.com>,<00db01d84059$23827990$6a876cb0$@keitu.com> In-Reply-To: Subject: RE: Feasibility Study Date: Fri, 25 Mar 2022 10:38:39 -0500 Message-ID: <00e401d8405e$6738d170$35aa7450$@keitu.com> MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_00E5_01D84034.7E651360" X-Mailer: Microsoft Outlook 16.0 Thread-Index: AQFdc8cULxjvDqJtuM/sl+I0rZ2oQAI+hSwLAZqHtkgBbq5huQG45Ln3rY3N4+A= Content-Language: en-us X-Spam-Status: No, score= X-Spam-Score: X-Spam-Bar: X-Ham-Report: X-Spam-Flag: NO This is a multipart message in MIME format. ------=_NextPart_000_00E5_01D84034.7E651360 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable Also =E2=80=93 On the USDA call this morning, there was an individual I = was unfamiliar with =E2=80=93 Listed as ALTFC =E2=80=93 who I gather is = a financial consulting firm who is also looking at doing due diligence = relative to the USDA loan guarantee. First I have heard that they have = a =E2=80=9Cguidance=E2=80=9D document that they have apparently provided = to AIC. =20 Since we have not seen that document, nor has anyone discussed those = requirements for us, be advised that the feasibility study update Keitu = is finishing up currently will not address anything new from that = document. =20 Please send us a copy of that guidance document as well and let us know = who ALTFC is reporting to =E2=80=93 are they working for the USDA? Or = Mark Reidy? Or one of the lenders? Please advise. =20 Kathye=20 =20 From: Directory =20 Sent: Friday, March 25, 2022 10:02 AM To: kspilman@keitu.com; 'Roger Grimes @AIC' Cc: 'Kris Keller @Keitu' ; 'Phil Stack @Keitu' = ; 'John Melk' Subject: Re: Feasibility Study =20 I will be happy to provide the documents to you again Thank you, Jennifer =20 Get Outlook for iOS =20 =20 _____ =20 From: kspilman@keitu.com = > Sent: Friday, March 25, 2022 7:59 AM To: directory@aicenergycorp.com = >; = 'Roger Grimes @AIC' > Cc: 'Kris Keller @Keitu' = >; 'Phil Stack @Keitu' >; = 'John Melk' > Subject: RE: Feasibility Study =20 We have a copy of the Muse Stancil report - but we have not been = provided=20 with Leidos Report nor the ICF GREET model....=20 From: directory@aicenergycorp.com = >=20 Sent: Friday, March 25, 2022 9:49 AM=20 To: kspilman@keitu.com ; 'Roger Grimes @AIC' = >=20 Cc: 'Kris Keller @Keitu' = >; 'Phil Stack @Keitu'=20 >; 'John Melk' = >=20 Subject: RE: Feasibility Study=20 Hi Kathye,=20 Thank you for your email. To provide clarification Line items 1-10 are = the=20 topics in the feasibility study and the study is required by the 9003=20 submissions as well as the lead lender.=20 AIC provided Keitu with the following documents 1-4.=20 Jennifer Wilson=20 Executive Administration Manager=20 Phone: 702.685.1118=20 Direct: 702.782.3580=20 Email: jwilson@aicenergycorp.com = =20 2840 S. Jones Blvd. Ste 1=20 Las Vegas, NV 89146=20 www.aicenergycorp.com = =20 From: kspilman@keitu.com = =20 >=20 Sent: Friday, March 25, 2022 7:39 AM=20 To: directory@aicenergycorp.com = ;=20 'Roger Grimes @AIC' =20 >=20 Cc: 'Kris Keller @Keitu' = >;=20 'Phil Stack @Keitu' = >; 'John=20 Melk' = >=20 Subject: RE: Feasibility Study=20 I cannot comply with the Feasiblity Study update order as currently = written=20 including items #9, #10 and Special Instructions. The quoted price, of = which=20 I discounted it by $1000 at Snow's request, would seem to imply that the = deliverables include all items necessary to complete the 9003 = application.=20 There was no mention of that deliverable based on my conversation with = Snow=20 last week.=20 In addition, it is unclear the meaning of the "Provided Documents" note=20 after item 10. It is unclear whether the intent of the message was that = AIC=20 had provided those documents to Keitu, or if Keitu was to provide those=20 documents to AIC.=20 Please revise and resend. Keitu does not accept that purchase order as=20 written.=20 K.=20 From: directory@aicenergycorp.com = =20 >=20 Sent: Thursday, March 24, 2022 5:05 PM=20 To: kspilman@keitu.com = ; 'Roger Grimes @AIC'=20 = >=20 Cc: 'Kris Keller @Keitu' = >;=20 'Phil Stack @Keitu' = >; 'John=20 Melk' = >=20 Subject: Feasibility Study=20 KATHYE,=20 PLEASE SEE THE ATTACHED ORDER FOR THE FEASIBILITY STUDY UPDATE.=20 IF YOU HAVE ANY OTHER QUESTIONS, PLEASE LET ME KNOW.=20 THANK YOU,=20 Jennifer Wilson=20 Executive Administration Manager=20 Phone: 702.685.1118=20 Direct: 702.782.3580=20 Email: jwilson@aicenergycorp.com = =20 2840 S. Jones Blvd. Ste 1=20 Las Vegas, NV 89146=20 www.aicenergycorp.com = =20 From: kspilman@keitu.com = =20 >=20 Sent: Thursday, March 17, 2022 8:25 AM=20 To: Roger Grimes @AIC =20 >=20 Cc: Kris Keller @Keitu = >; Phil=20 Stack @Keitu = >; 'Directory'=20 >; 'John=20 Melk' = >=20 Subject: Possible Issue : Feasibility Study and IDU Report from Leidos=20 Roger -=20 While we are awaiting the green light to get started on the=20 permitting/easements, we are updating the USDA Program 9003 application=20 documents including the feasibility study.=20 Phil is going through the USDA guidance documents to make sure = everything is=20 included. We think there is a gap in the IDU data that should be easy to = rectify. Unless the IDU data is going to be included in the report - = which I=20 suspect it will not be to keep as much of HTAS' information confidential = as=20 possible - the addition of a single sentence summarizing the yield from = 1=20 gallon (or pound) of soybean oil into jet/naphtha/LPG in "jet" mode and=20 diesel fuel/naphtha/LPG in "diesel" mode should close the gap.=20 Kathleen M. Spilman, P.E.=20 Managing Director=20 1403 27th St NW=20 PO Box 98=20 Mandan ND 58554=20 (701) 667-1800=20 (701) 667-1808 x100 Direct=20 (701) 527-0277 Mobile=20 =20 com%2F&data=3D02%7C01%7C%7C001528cf973d41214c7408d837fd377f%7C84df9e7fe9f= 640af=20 b435aaaaaaaaaaaa%7C1%7C0%7C637320907977064817&sdata=3DE7uhZJe3X8Voy3XvN7%= 2BdxQ=20 Chgg1Q9v1Lkx0rT8anmYc%3D&reserved=3D0> www.keitu.com = =20 From: Phillip = >=20 Sent: Wednesday, March 16, 2022 3:02 PM=20 To: kspilman@keitu.com = ; 'Kris Keller @Keitu'=20 = >=20 Subject: FYI: Feasibility Study and IDU Report from Leidos=20 Hi Kathye and Kris,=20 This is more for your information and perhaps (if you decide to pass it=20 along) to give someone at AIC (likely Roger) a heads up on.=20 For the feasibility study, the following three items found in the = Technology=20 Feasibility Section (Section D) deal with the IDU data:=20 * Scale at which IDU data was proven (Item D.2)=20 * Degree of Integration of All Processes (Item D.3)=20 * Specific Volume Produced from the Technology of the Process (Item=20 D.4)=20 From what I read in the IDU report from Leidos (attached for your=20 convenience), I believe there is enough in the IDU report to satisfy the = first two bullet points (whether USDA accepts that the plants where the = data=20 comes from are acceptable - I cannot say). However, I don't see enough=20 information in the report to satisfy the final bullet point.=20 I know we at Keitu cannot really do anything about the IDU data or its=20 report, but figured I would bring this to your attention as Keitu is=20 updating the feasibility report in preparation for the Phase II = submission.=20 It is possible that Leidos has the information needed in their technical = report given numbers 39-42 in their 67 items, however, until that is = issued=20 we will not know.=20 Note: I am planning on inserting in the IDU report into the business=20 confidential appendix in the feasibility report as it is too sensitive = in=20 nature to leave in the body of the feasibility report. I am providing = about=20 a sentence or two summary though in the body of the report and = essentially=20 telling the reader to look at the appendix for specifics. The final = bullet=20 point will have almost no summary in the body of the feasibility report=20 Sincerely,=20 Phillip Stack=20 ------=_NextPart_000_00E5_01D84034.7E651360 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable

Also =E2=80=93 On the USDA = call this morning, there was an individual I was unfamiliar with = =E2=80=93 Listed as ALTFC =E2=80=93 who I gather is a financial = consulting firm who is also looking at doing due diligence relative to = the USDA loan guarantee.=C2=A0 First I have heard that they have a = =E2=80=9Cguidance=E2=80=9D document that they have apparently provided = to AIC.

 

Since we have not seen that document, nor has anyone = discussed those requirements for us, be advised that the feasibility = study update Keitu is finishing up currently will not address anything = new from that document.

 

Please send = us a copy of that guidance document as well and let us know who ALTFC is = reporting to =E2=80=93 are they working for the USDA?=C2=A0 Or Mark = Reidy?=C2=A0 Or one of the lenders?=C2=A0 Please = advise.

 

Kathye

 

From: Directory = <directory@aicenergycorp.com>
Sent: Friday, March 25, = 2022 10:02 AM
To: kspilman@keitu.com; 'Roger Grimes @AIC' = <rgrimes@aicenergycorp.com>
Cc: 'Kris Keller @Keitu' = <kkeller@keitu.com>; 'Phil Stack @Keitu' <pstack@keitu.com>; = 'John Melk' <jmelk06@yahoo.com>
Subject: Re: Feasibility = Study

 

I will be happy to provide the documents to you = again

Thank = you,

Jennifer

 

From: kspilman@keitu.com <kspilman@keitu.com>
Sent:= Friday, March 25, 2022 7:59 AM
To: directory@aicenergycorp.com <directory@aicenergycorp.com>; 'Roger Grimes @AIC' <rgrimes@aicenergycorp.com&g= t;
Cc: 'Kris Keller @Keitu' <kkeller@keitu.com>; 'Phil Stack = @Keitu' <pstack@keitu.com>; 'John Melk' = <jmelk06@yahoo.com>
Subject= : RE: Feasibility Study

 

We have a copy of the Muse Stancil report = - but we have not been provided
with Leidos Report nor the ICF GREET = model....



From: directory@aicenergycorp.com <directory@aicenergycorp.com>
Sent: Friday, March 25, 2022 9:49 AM
To: kspilman@keitu.com; 'Roger Grimes = @AIC' <rgrimes@aicenergycorp.com&g= t;
Cc: 'Kris Keller @Keitu' <kkeller@keitu.com>; 'Phil Stack = @Keitu'
<pstack@keitu.com>; 'John Melk' = <jmelk06@yahoo.com> =
Subject: RE: Feasibility Study



Hi Kathye, =

Thank you for your email. To provide clarification Line items = 1-10 are the
topics in the feasibility study and the study is = required by the 9003
submissions as well as the lead lender. =

AIC provided Keitu with the following documents 1-4. =












Jennifer Wilson =

Executive Administration Manager



Phone: = 702.685.1118

Direct: 702.782.3580

Email: <mailto:jwilson@aicenergycorp.co= m> jwilson@aicenergycorp.com =



2840 S. Jones Blvd. Ste 1

Las Vegas, NV 89146 =



www.aicenergycorp.com <http://www.aicenergycorp.com/&= gt;











From: kspilman@keitu.com <mailto:kspilman@keitu.com> = <kspi= lman@keitu.com
<mailto:kspilman@keitu.com> >
Sent: = Friday, March 25, 2022 7:39 AM
To: directory@aicenergycorp.com <mailto:directory@aicenergycor= p.com> ;
'Roger Grimes @AIC' <rgrimes@aicenergycorp.com =
<mailto:rgrimes@aicenergycorp.com> >
Cc: 'Kris = Keller @Keitu' <kkeller@ke= itu.com <mailto:kkeller@keitucom> >;
'Phil Stack = @Keitu' <pstack@keit= u.com <mailto:pstack@keitu.com> >; 'John
Melk' <jmelk06@y= ahoo.com <mailto:jmelk06@yahoo.com> >
Subject: RE: = Feasibility Study



I cannot comply with the Feasiblity = Study update order as currently written
including items #9, #10 and = Special Instructions. The quoted price, of which
I discounted it by = $1000 at Snow's request, would seem to imply that the
deliverables = include all items necessary to complete the 9003 application.
There = was no mention of that deliverable based on my conversation with Snow =
last week.



In addition, it is unclear the meaning of = the "Provided Documents" note
after item 10. It is unclear = whether the intent of the message was that AIC
had provided those = documents to Keitu, or if Keitu was to provide those
documents to = AIC.



Please revise and resend. Keitu does not accept = that purchase order as
written.



K. =



From: directory@aicenergycorp.com <mailto:directory@aicenergycor= p.com>
<directory@aicenergycorp.com = <mailto:directory@aicenergycorp.com> >
Sent: Thursday, = March 24, 2022 5:05 PM
To: kspilman@keitu.com <mailto:kspilman@keitu.com> ; = 'Roger Grimes @AIC'
<rgrimes@aicenergycorp.com = <mailto:rgrimes@aicenergycorp.com> >
Cc: 'Kris Keller = @Keitu' <kkeller@ke= itu.com <mailto:kkeller@keitucom> >;
'Phil Stack = @Keitu' <pstack@keit= u.com <mailto:pstack@keitu.com> >; 'John
Melk' <jmelk06@y= ahoo.com <mailto:jmelk06@yahoo.com> >
Subject: = Feasibility Study



KATHYE,

PLEASE SEE THE = ATTACHED ORDER FOR THE FEASIBILITY STUDY UPDATE.

IF YOU HAVE ANY = OTHER QUESTIONS, PLEASE LET ME KNOW.

THANK YOU, =










Jennifer Wilson =

Executive Administration Manager



Phone: = 702.685.1118

Direct: 702.782.3580

Email: <mailto:jwilson@aicenergycorp.co= m> jwilson@aicenergycorp.com =



2840 S. Jones Blvd. Ste 1

Las Vegas, NV 89146 =



www.aicenergycorp.com <http://www.aicenergycorp.com/&= gt;











From: kspilman@keitu.com <mailto:kspilman@keitu.com> = <kspi= lman@keitu.com
<mailto:kspilman@keitu.com> >
Sent: = Thursday, March 17, 2022 8:25 AM
To: Roger Grimes @AIC <rgrimes@aicenergycorp.com =
<mailto:rgrimes@aicenergycorp.com> >
Cc: Kris = Keller @Keitu <kkeller@k= eitu.com <mailto:kkeller@keitu.com> >; Phil
Stack = @Keitu <pstack@keit= u.com <mailto:pstack@keitu.com> >; 'Directory'
<directory@aicenergycorp.com = <mailto:directory@aicenergycorp.com> >; 'John
Melk' = <jmelk06@y= ahoo.com <mailto:jmelk06@yahoo.com> >
Subject: Possible = Issue : Feasibility Study and IDU Report from Leidos =



Roger -



While we are awaiting the green = light to get started on the
permitting/easements, we are updating = the USDA Program 9003 application
documents including the = feasibility study.



Phil is going through the USDA = guidance documents to make sure everything is
included. We think = there is a gap in the IDU data that should be easy to
rectify. = Unless the IDU data is going to be included in the report - which I =
suspect it will not be to keep as much of HTAS' information = confidential as
possible - the addition of a single sentence = summarizing the yield from 1
gallon (or pound) of soybean oil into = jet/naphtha/LPG in "jet" mode and
diesel fuel/naphtha/LPG = in "diesel" mode should close the gap. =



Kathleen M. Spilman, P.E.

Managing Director =



1403 27th St NW

PO Box 98

Mandan ND = 58554

(701) 667-1800

(701) 667-1808 x100 Direct =

(701) 527-0277 Mobile


<https://eur04.safelinks.protection.outlook.com/?url=3Dh= ttp%3A%2F%2Fwww.keitu. =
com%2F&data=3D02%7C01%7C%7C001528cf973d41214c7408d837fd377f%7C84d= f9e7fe9f640af =
b435aaaaaaaaaaaa%7C1%7C0%7C637320907977064817&sdata=3DE7uhZJe3X8V= oy3XvN7%2BdxQ
Chgg1Q9v1Lkx0rT8anmYc%3D&reserved=3D0> www.keitu.com =





From: Phillip <pstack@keit= u.com <mailto:pstack@keitu.com> >
Sent: Wednesday, = March 16, 2022 3:02 PM
To: kspilman@keitu.com <mailto:kspilman@keitu.com> ; = 'Kris Keller @Keitu'
<kkeller@k= eitu.com <mailto:kkeller@keitu.com> >
Subject: FYI: = Feasibility Study and IDU Report from Leidos



Hi Kathye = and Kris,



This is more for your information and perhaps = (if you decide to pass it
along) to give someone at AIC (likely = Roger) a heads up on.



For the feasibility study, the = following three items found in the Technology
Feasibility Section = (Section D) deal with the IDU data:

* Scale at which IDU data = was proven (Item D.2)
* Degree of Integration of All Processes (Item = D.3)
* Specific Volume Produced from the Technology of the Process = (Item
D.4)



From what I read in the IDU report from = Leidos (attached for your
convenience), I believe there is enough in = the IDU report to satisfy the
first two bullet points (whether USDA = accepts that the plants where the data
comes from are acceptable - I = cannot say). However, I don't see enough
information in the report = to satisfy the final bullet point.



I know we at Keitu = cannot really do anything about the IDU data or its
report, but = figured I would bring this to your attention as Keitu is
updating = the feasibility report in preparation for the Phase II submission. =
It is possible that Leidos has the information needed in their = technical
report given numbers 39-42 in their 67 items, however, = until that is issued
we will not know.



Note: I am = planning on inserting in the IDU report into the business =
confidential appendix in the feasibility report as it is too = sensitive in
nature to leave in the body of the feasibility report. = I am providing about
a sentence or two summary though in the body of = the report and essentially
telling the reader to look at the = appendix for specifics. The final bullet
point will have almost no = summary in the body of the feasibility report



Sincerely, =

Phillip Stack

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