Bunge North America, Inc. and Cardinal Ethanol LLC executed a Termination of Agreement and Mutual Release on January 2, 2013 with an effective date of December 24, 2012. Pursuant to the terms contained in the Termination Agreement, the parties agreed to terminate the Corn Feedstock Supply Agency Agreement dated July 15, 2008, as amended, on January 15, 2013. Under the Supply Agreement, Bunge served as the exclusive third-party agent to procure corn to be used as feedstock at Cardinal's ethanol plant.

The Supply agreement was set to expire on October 15, 2013. Pursuant to the Termination Agreement, Cardinal will not be permitted to engage another third party to serve as its agent to procure corn for the ethanol plant for a period of two years. However, Cardinal may procure its own corn directly through its salaried employees and may also solicit certain specified employees of Bunge to work at the ethanol plant.

The Termination Agreement also provides for a mutual release by the parties except as otherwise set forth in the Termination Agreement.