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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">As filed
with the Securities and Exchange Commission on September 21<A NAME="_GoBack"></A>, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Registration
No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>Washington,
D. C. 20549<BR>
______________________</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>FORM
S-8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>REGISTRATION
STATEMENT UNDER THE<BR>
<FONT STYLE="text-transform: uppercase">Securities Act of 1933<BR>
</FONT>______________________</B></P>

<P STYLE="font: 12.5pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>DAKOTA
PLAINS HOLDINGS, INC.<BR>
</B></FONT><FONT STYLE="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 37%; text-align: center"><B>Nevada<BR>
</B>(State or Other Jurisdiction of<BR>
Incorporation or Organization)</FONT></TD>
    <TD STYLE="width: 28%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 35%; text-align: center"><B>20-2543857<BR>
</B>(I.R.S. Employer<BR>
Identification No.)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>294 Grove Lane East<BR>
Wayzata, Minnesota <BR>
</B>(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><B>55391<BR>
</B>(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12.5pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: center"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>Dakota
Plains Holdings, Inc. 2011 Equity Incentive Plan<BR>
</B></FONT><FONT STYLE="font-size: 10pt">(Full Title of the Plan)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>Timothy
R. Brady<BR>
</B>Chief Financial Officer<BR>
Dakota Plains Holdings, Inc.<BR>
</FONT>294 Grove Lane East<BR>
Wayzata, Minnesota 55391<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">(Name and Address of Agent for Service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Telephone
number, including area code, of agent for service:<B> (952) 473-9950<BR>
______________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Copies
to:<BR>
<B>W. Morgan Burns<BR>
</B>Faegre Baker Daniels LLP<BR>
2200 Wells Fargo Center<BR>
90 South Seventh Street<BR>
Minneapolis, Minnesota 55402-3901<BR>
(612) 766-7000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company (as defined
in Rule&nbsp;12b-2 of the Exchange Act): </P>

<P STYLE="font: 12.5pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">Large
Accelerated Filer&nbsp;</FONT><FONT STYLE="font: 12pt MS Mincho">&#9744;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;
Accelerated Filer&nbsp;</FONT><FONT STYLE="font: 12pt MS Mincho">&#9744;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;Non-accelerated Filer&nbsp;</FONT><FONT STYLE="font: 12pt MS Mincho">&#9744;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">
&nbsp;&nbsp;Smaller Reporting Company </FONT><FONT STYLE="font: 12pt MS Mincho">&#9745;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>CALCULATION
OF REGISTRATION FEE</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 29%; border-top: windowtext 2.25pt double; padding-right: 6pt; padding-bottom: 2pt; padding-left: 6pt; font-size: 9pt; text-align: center">Title of Securities To Be Registered</TD>
    <TD STYLE="width: 17%; border-top: windowtext 2.25pt double; border-bottom: windowtext 1pt solid; padding-right: 6pt; padding-bottom: 2pt; padding-left: 6pt; font-size: 9pt; text-align: center">Amount To Be Registered (1)</TD>
    <TD STYLE="width: 19%; border-top: windowtext 2.25pt double; border-bottom: windowtext 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-align: center">Proposed Maximum Offering Price</P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-align: center">Per Share (2)</P></TD>
    <TD STYLE="width: 20%; border-top: windowtext 2.25pt double; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-align: center">Proposed Maximum Aggregate</P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-align: center">Offering Price (2)</P></TD>
    <TD STYLE="width: 15%; border-top: windowtext 2.25pt double; border-bottom: windowtext 1pt solid; padding-right: 6pt; padding-bottom: 2pt; padding-left: 6pt; font-size: 9pt; text-align: center">Amount of Registration Fee (2)</TD></TR>
<TR>
    <TD STYLE="border-top: windowtext 1pt solid; vertical-align: bottom; border-bottom: windowtext 2.25pt double; padding-bottom: 2pt; padding-left: 12pt; font-size: 9pt; text-indent: -12pt">Common Stock, $0.001 par&nbsp;value</FONT></TD>
    <TD STYLE="border-bottom: windowtext 2.25pt double; padding-right: 6pt; padding-bottom: 2pt; padding-left: 6pt; font-size: 9pt; text-align: center">2,000,000</TD>
    <TD STYLE="border-bottom: windowtext 2.25pt double; padding-right: 6pt; padding-bottom: 2pt; padding-left: 6pt; font-size: 9pt; text-align: center; text-indent: 0.9pt">$4.500</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 2.25pt double; padding-right: 6pt; padding-bottom: 2pt; padding-left: 6pt; font-size: 9pt; text-align: center">$9,000,000</FONT></TD>
    <TD STYLE="border-bottom: windowtext 2.25pt double; padding-right: 6pt; padding-bottom: 2pt; padding-left: 6pt; font-size: 9pt; text-align: center; text-indent: 0.9pt">$1,031.40</FONT></TD></TR>
</TABLE>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Pursuant to Rule 416 under the Securities Act of 1933, as amended
(&ldquo;Securities Act&rdquo;), this Registration Statement includes an indeterminate number of additional shares as may be issuable
under the 2011 Plan as a result of a stock split, stock dividend or similar adjustment of the outstanding Common Stock of the Registrant.
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12.5pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">Estimated solely for the purpose of determining
the registration fee pursuant to Rule 457(h) under the Securities Act of 1933 based on the average of the high and low sale prices
per share of the Registrant&rsquo;s Common Stock as quoted on the OTC Bulletin Board on September 17, 2012.</FONT></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DAKOTA
PLAINS HOLDINGS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART
I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify">The information
specified in Part I of Form S-8 is not required to be filed with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;)
either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to the introductory Note to
Part I of Form S-8 and Rule 424 under the Securities Act. The information required in the Section 10(a) prospectus is included
in the documents being maintained and delivered by Dakota Plains Holdings, Inc. (the &ldquo;Company&rdquo;) as required by Part
I of Form S-8 and by Rule 428 under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART
II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION
REQUIRED IN THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REGISTRATION
STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>Item
3.&nbsp;&nbsp;Incorporation of Documents by Reference.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0; text-align: justify; text-indent: 0.5in">The following
documents previously filed (File No. 000-53390) with the Commission pursuant to the Securities Exchange Act of 1934 (the &ldquo;Exchange
Act&rdquo;) are, as of their respective dates, incorporated by reference in this registration statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Annual Report on Form 10-K of the Company for the fiscal year ended December 31, 2011;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Annual
Report referred to in (a) above (other than information deemed to have been &ldquo;furnished&rdquo; rather than &ldquo;filed&rdquo;
in accordance with the Commission&rsquo;s rules); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0.5in; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
description of the Company&rsquo;s Common Stock contained in the registration statement on Form 10 A-2 filed on December 4,
2008 pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, and all amendments and reports filed for
the purpose of updating such description.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0; text-align: justify; text-indent: 0.5in">In addition,
all documents filed by the Company pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act after the date of this registration
statement and before the filing of a post-effective amendment (other than information deemed to have been &ldquo;furnished&rdquo;
rather than &ldquo;filed&rdquo; in accordance with the Commission&rsquo;s rules) that indicates that all shares of Common Stock
offered have been sold, or that deregisters all shares of Common Stock then remaining unsold, shall be deemed to be incorporated
by reference in, and to be a part of, this registration statement from the date of filing of those documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0; text-align: justify; text-indent: 0.5in">Any statement
contained in a document incorporated, or deemed to be incorporated, by reference herein shall be deemed to be modified or superseded
for purposes of this registration statement to the extent that a statement contained herein or incorporated herein by reference
or in any other subsequently filed document that is or is deemed to be incorporated by reference herein modifies or supersedes
that statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute
a part of this registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0; text-align: justify"><B>Item 4.&nbsp;&nbsp;Description
of Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0; text-align: justify; text-indent: 0.5in">Not Applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">II-1</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify"><B>Item 5.&nbsp;&nbsp;Interests of
Named Experts and Counsel.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">Not Applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0; text-align: justify"><B>Item 6.&nbsp;&nbsp;Indemnification
of Directors and Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; text-align: justify">Section 78.7502(1) of the Nevada Revised
Statutes empowers us to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending
or completed action, suit, or proceeding, whether civil, criminal, administrative or investigative (other than an action by or
in the right of our company) by reason of the fact that he or she is or was a director, officer, employee or agent of our company,
or is or was serving at our request as a director, officer, employee or agent of another corporation or other enterprise, against
expenses (including attorneys&rsquo; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by
him or her in connection with such action, suit or proceeding if he or she is not liable pursuant to Section 78.138 of the Nevada
Revised Statutes or if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the
best interests of our company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or
her conduct was unlawful.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; text-align: justify">Section 78.138 of the Nevada Revised
Statutes provides that, with certain exceptions, a director or officer is not individually liable to us or our stockholders for
any damages as a result of any act or failure to act in his or her capacity as a director or officer unless it is proven that (i)
the act or failure to act constituted a breach of his or her fiduciary duties as a director or officer, and (ii) his or her breach
of those duties involved intentional misconduct, fraud or a knowing violation of law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; text-align: justify">Section 78.7502(2) of the Nevada Revised
Statutes empowers us to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending
or completed action or suit by or in the right of our company to procure a judgment in our favor by reason of the fact that he
or she acted in any of the capacities described above in the discussion of Section 78.7502(1), against expenses, including amounts
paid in settlement and attorneys&rsquo; fees actually and reasonably incurred by him or her in connection with the defense or settlement
of such action or suit if he or she acted under similar standards to those mentioned above in the discussion of Section 78.7502(1),
except that no indemnification may be made in respect of any claim, issue or matter as to which he or she shall have been adjudged
by a court of competent jurisdiction to be liable to us or for amounts paid in settlement to us, unless and only to the extent
that the court in which such action or suit was brought determines that, despite the adjudication of liability, such person is
fairly and reasonably entitled to indemnity for such expenses as the court deems proper.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; text-align: justify">Section 78.7502(3) of the Nevada Revised
Statutes also provides that to the extent a director or officer of our company has been successful in the defense of any action,
suit or proceeding of the type mentioned above in the discussion of Section 78.7502(1) or (2), or in the defense of any claim,
issue or matter in the litigation, he or she will be indemnified against expenses (including attorneys&rsquo; fees) actually and
reasonably incurred in connection with the defense.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; text-align: justify">Our amended and restated articles of
incorporation require us to indemnify, to the fullest extent permitted by the General Corporation Law of Nevada, any and all persons
that we have the power to indemnify under such law against all expenses, liabilities or other matters referred to in, or covered
by, such law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; text-align: justify">Our amended and restated bylaws also
contain provisions relating to indemnification of our directors, officers, employees and agents, however the provisions in our
amended and restated articles of incorporation supersede such bylaws provisions. Our bylaws also provide that we may purchase and
maintain insurance for the benefit of any person covered by the foregoing indemnification against any liability asserted against
him or her and incurred by him or her in any capacity for which indemnification is permitted under the General Corporation Law
of Nevada, or any liability arising out of such status, whether or not we would have the power to indemnify him or her against
such liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0; text-align: justify"><B>Item 7.&nbsp;&nbsp;Exemption
from Registration Claimed.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0; text-align: justify; text-indent: 0.5in">Not Applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item
8.&nbsp;&nbsp;Exhibits.</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-top: 6pt; text-align: center">5</TD>
    <TD STYLE="width: 5%; padding-top: 6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 88%; padding-top: 6pt; text-align: justify">Opinion of Faegre Baker Daniels LLP, counsel for the Registrant</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; text-align: center">23.1</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">Consent of Faegre Baker Daniels LLP (contained in Exhibit 5 to this Registration Statement)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; text-align: center">23.2</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">Consent of Child, Van Wagoner &amp; Bradshaw, PLLC</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; text-align: center">23.3</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">Consent of BDO USA, LLP</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; text-align: center">24</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">Powers of Attorney (included with signatures to this Registration Statement)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; text-align: center">99.1</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">Dakota Plains Holdings, Inc. Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company&rsquo;s Current Report on Form 8-K (File No. 000-53390) filed with the Securities and Exchange Commission on March 23, 2012)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0; text-align: justify"><B>Item 9.&nbsp;&nbsp;Undertakings.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 12pt 0; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned registrant hereby undertakes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of 1933; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange Commission
pursuant to Rule&nbsp;424(b) if, in the aggregate, the changes in volume and price represent no more than a twenty percent change
in the maximum aggregate offering price set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective registration
statement; and </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>provided</I>,<I>
however</I>, that paragraphs&nbsp;(A)(1)(i) and (A)(1)(ii) do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to the Securities and Exchange Commission
by the registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Securities Exchange Act of 1934 that are incorporated
by reference in the registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial <I>bona fide</I> offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each
filing of the registrant&rsquo;s annual report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the Securities Exchange
Act of 1934 (and, where applicable, each filing of an employee benefit plan&rsquo;s annual report pursuant to Section&nbsp;15(d)
of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be
deemed to be the initial <I>bona fide</I> offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933
and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment
by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed
in the Securities Act of 1933 and will be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify">Pursuant to the requirements of the Securities
Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the city of Wayzata, State of Minnesota on the 21<SUP>st</SUP> day of September, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">DAKOTA PLAINS HOLDINGS, INC.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 61%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Timothy R. Brady</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Timothy R. Brady</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Financial Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in; text-align: justify">We, the undersigned officers and directors
of Dakota Plains Holdings, Inc., hereby severally constitute Gabriel G. Claypool and Timothy R. Brady, and each of them singly,
as true and lawful attorneys with full power to them, and each of them singly, to sign for us and in our names, in the capacities
indicated below the registration statement filed herewith and any amendments to said registration statement, and generally to do
all such things in our name and behalf in our capacities as officers and directors to enable Dakota Plains Holdings, Inc. to comply
with the provisions of the Securities Act of 1933 and all requirements of the Securities and Exchange Commission, hereby ratifying
and confirming our signatures as they may be signed by our said attorneys, or any of them, to said registration statement and any
and all amendments thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in; text-align: justify">Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement has been signed below on September 21, 2012 by the following persons in the capacities
indicated:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; border-bottom: windowtext 1pt solid; font-size: 8pt; font-weight: bold">Name</TD>
    <TD STYLE="width: 3%; font-size: 8pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 56%; border-bottom: windowtext 1pt solid; font-size: 8pt; font-weight: bold; text-align: center">Title</TD>
    <TD STYLE="width: 6%; font-size: 8pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Gabriel G. Claypool</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Gabriel G. Claypool<BR>
<I>Principal Executive Officer</I></TD>
    <TD>&nbsp;</TD>
    <TD>Chairman of the Board of Directors, Chief Executive Officer, President, Secretary and Director</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Timothy R. Brady</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Timothy R. Brady<BR>
<I>Principal Financial and Accounting Officer</I></TD>
    <TD>&nbsp;</TD>
    <TD>Chief Financial Officer and Treasurer</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Gary L. Alvord</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Gary L. Alvord</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; font-size: 10pt">/s/ Paul M. Cownie</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Paul M. Cownie</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ David J. Fellon</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>David J. Fellon</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD>
    <TD STYLE="font-size: 14pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Terry H. Rust</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Terry H. Rust</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT
INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 8%; border-bottom: windowtext 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 8pt; font-weight: bold; text-align: center">Exhibit&nbsp;No.</TD>
    <TD STYLE="width: 3%; vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 50%; border-bottom: windowtext 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 8pt; font-weight: bold">Description</TD>
    <TD STYLE="width: 3%; vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; font-size: 8pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 36%; border-bottom: windowtext 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 8pt; font-weight: bold; text-align: center">Manner of Filing</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 8pt; text-align: center">&nbsp;5.1</TD>
    <TD STYLE="padding-top: 8pt; text-indent: -17.1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Opinion of Faegre Baker Daniels LLP.</FONT></TD>
    <TD STYLE="padding-top: 8pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Filed Electronically</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 8pt; text-align: center">23.1</TD>
    <TD STYLE="padding-top: 8pt; text-indent: -17.1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Consent of Faegre Baker Daniels LLP.</TD>
    <TD STYLE="padding-top: 8pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Contained in Exhibit 5 to this Registration Statement</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 8pt; text-align: center">23.2</TD>
    <TD STYLE="padding-top: 8pt; text-indent: -17.1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Consent of Child, Van Wagoner &amp; Bradshaw, PLLC.</TD>
    <TD STYLE="padding-top: 8pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Filed Electronically</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 8pt; text-align: center">23.3</TD>
    <TD STYLE="padding-top: 8pt; text-indent: -17.1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Consent of BDO, USA, LLP</TD>
    <TD STYLE="padding-top: 8pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Filed Electronically</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 8pt; text-align: center">24.1</TD>
    <TD STYLE="padding-top: 8pt; text-indent: -17.1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Powers of Attorney.</FONT></TD>
    <TD STYLE="padding-top: 8pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Included with signatures to this Registration Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 8pt; text-align: center">99.1</TD>
    <TD STYLE="padding-top: 8pt; text-indent: -17.1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Dakota Plains Holdings, Inc. 2011 Equity Incentive Plan.</TD>
    <TD STYLE="padding-top: 8pt">&nbsp;</TD>
    <TD STYLE="padding-top: 8pt">Incorporated by Reference</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>



<P STYLE="margin: 0"></P>

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{"company-data": {"conformed-name": "DAKOTA PLAINS HOLDINGS, INC.", "cik": "0001367311", "assigned-sic": "5171", "irs-number": "202543857", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-184046", "film-number": "121105492"}, "business-address": {"street1": "294 GROVE LANE EAST", "city": "WAYZATA", "state": "MN", "zip": "55391", "phone": "952-473-9950"}, "mail-address": {"street1": "294 GROVE LANE EAST", "city": "WAYZATA", "state": "MN", "zip": "55391"}, "former-company": {"former-conformed-name": "MCT HOLDING CORP", "date-changed": "20060623"}}
As filed
with the Securities and Exchange Commission on September 21
, 2012.
Registration
No. 333-
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D. C. 20549
______________________
FORM
S-8
REGISTRATION
STATEMENT UNDER THE
Securities Act of 1933
______________________
DAKOTA
PLAINS HOLDINGS, INC.
(Exact Name of Registrant as Specified in Its Charter)
Nevada
(State or Other Jurisdiction of
Incorporation or Organization)
20-2543857
(I.R.S. Employer
Identification No.)
294 Grove Lane East
Wayzata, Minnesota
(Address of Principal Executive Offices)
55391
(Zip Code)
Dakota
Plains Holdings, Inc. 2011 Equity Incentive Plan
(Full Title of the Plan)
Timothy
R. Brady
Chief Financial Officer
Dakota Plains Holdings, Inc.
294 Grove Lane East
Wayzata, Minnesota 55391
(Name and Address of Agent for Service)
Telephone
number, including area code, of agent for service:
(952) 473-9950
______________________
Copies
to:
W. Morgan Burns
Faegre Baker Daniels LLP
2200 Wells Fargo Center
90 South Seventh Street
Minneapolis, Minnesota 55402-3901
(612) 766-7000
Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company (as defined
in Rule 12b-2 of the Exchange Act):
Large
Accelerated Filer
☐
Accelerated Filer
☐
Non-accelerated Filer
☐
Smaller Reporting Company
☑
CALCULATION
OF REGISTRATION FEE
Title of Securities To Be Registered
Amount To Be Registered (1)
Proposed Maximum Offering Price
Per Share (2)
Proposed Maximum Aggregate
Offering Price (2)
Amount of Registration Fee (2)
Common Stock, $0.001 par value
2,000,000
$4.500
$9,000,000
$1,031.40
(1)
Pursuant to Rule 416 under the Securities Act of 1933, as amended
("Securities Act"), this Registration Statement includes an indeterminate number of additional shares as may be issuable
under the 2011 Plan as a result of a stock split, stock dividend or similar adjustment of the outstanding Common Stock of the Registrant.
(2)
Estimated solely for the purpose of determining
the registration fee pursuant to Rule 457(h) under the Securities Act of 1933 based on the average of the high and low sale prices
per share of the Registrant's Common Stock as quoted on the OTC Bulletin Board on September 17, 2012.
DAKOTA
PLAINS HOLDINGS, INC.
PART
I
INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information
specified in Part I of Form S-8 is not required to be filed with the Securities and Exchange Commission (the "Commission")
either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to the introductory Note to
Part I of Form S-8 and Rule 424 under the Securities Act. The information required in the Section 10(a) prospectus is included
in the documents being maintained and delivered by Dakota Plains Holdings, Inc. (the "Company") as required by Part
I of Form S-8 and by Rule 428 under the Securities Act.
PART
II
INFORMATION
REQUIRED IN THE
REGISTRATION
STATEMENT
Item
3.  Incorporation of Documents by Reference.
The following
documents previously filed (File No. 000-53390) with the Commission pursuant to the Securities Exchange Act of 1934 (the "Exchange
Act") are, as of their respective dates, incorporated by reference in this registration statement:
(a)          The
Annual Report on Form 10-K of the Company for the fiscal year ended December 31, 2011;
(b)          All
other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Annual
Report referred to in (a) above (other than information deemed to have been "furnished" rather than "filed"
in accordance with the Commission's rules); and
(c)          The
description of the Company's Common Stock contained in the registration statement on Form 10 A-2 filed on December 4,
2008 pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, and all amendments and reports filed for
the purpose of updating such description.
In addition,
all documents filed by the Company pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act after the date of this registration
statement and before the filing of a post-effective amendment (other than information deemed to have been "furnished"
rather than "filed" in accordance with the Commission's rules) that indicates that all shares of Common Stock
offered have been sold, or that deregisters all shares of Common Stock then remaining unsold, shall be deemed to be incorporated
by reference in, and to be a part of, this registration statement from the date of filing of those documents.
Any statement
contained in a document incorporated, or deemed to be incorporated, by reference herein shall be deemed to be modified or superseded
for purposes of this registration statement to the extent that a statement contained herein or incorporated herein by reference
or in any other subsequently filed document that is or is deemed to be incorporated by reference herein modifies or supersedes
that statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute
a part of this registration statement.
Item 4.  Description
of Securities.
Not Applicable.
II-1
Item 5.  Interests of
Named Experts and Counsel.
Not Applicable.
Item 6.  Indemnification
of Directors and Officers.
Section 78.7502(1) of the Nevada Revised
Statutes empowers us to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending
or completed action, suit, or proceeding, whether civil, criminal, administrative or investigative (other than an action by or
in the right of our company) by reason of the fact that he or she is or was a director, officer, employee or agent of our company,
or is or was serving at our request as a director, officer, employee or agent of another corporation or other enterprise, against
expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by
him or her in connection with such action, suit or proceeding if he or she is not liable pursuant to Section 78.138 of the Nevada
Revised Statutes or if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the
best interests of our company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or
her conduct was unlawful.
Section 78.138 of the Nevada Revised
Statutes provides that, with certain exceptions, a director or officer is not individually liable to us or our stockholders for
any damages as a result of any act or failure to act in his or her capacity as a director or officer unless it is proven that (i)
the act or failure to act constituted a breach of his or her fiduciary duties as a director or officer, and (ii) his or her breach
of those duties involved intentional misconduct, fraud or a knowing violation of law.
Section 78.7502(2) of the Nevada Revised
Statutes empowers us to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending
or completed action or suit by or in the right of our company to procure a judgment in our favor by reason of the fact that he
or she acted in any of the capacities described above in the discussion of Section 78.7502(1), against expenses, including amounts
paid in settlement and attorneys' fees actually and reasonably incurred by him or her in connection with the defense or settlement
of such action or suit if he or she acted under similar standards to those mentioned above in the discussion of Section 78.7502(1),
except that no indemnification may be made in respect of any claim, issue or matter as to which he or she shall have been adjudged
by a court of competent jurisdiction to be liable to us or for amounts paid in settlement to us, unless and only to the extent
that the court in which such action or suit was brought determines that, despite the adjudication of liability, such person is
fairly and reasonably entitled to indemnity for such expenses as the court deems proper.
Section 78.7502(3) of the Nevada Revised
Statutes also provides that to the extent a director or officer of our company has been successful in the defense of any action,
suit or proceeding of the type mentioned above in the discussion of Section 78.7502(1) or (2), or in the defense of any claim,
issue or matter in the litigation, he or she will be indemnified against expenses (including attorneys' fees) actually and
reasonably incurred in connection with the defense.
Our amended and restated articles of
incorporation require us to indemnify, to the fullest extent permitted by the General Corporation Law of Nevada, any and all persons
that we have the power to indemnify under such law against all expenses, liabilities or other matters referred to in, or covered
by, such law.
Our amended and restated bylaws also
contain provisions relating to indemnification of our directors, officers, employees and agents, however the provisions in our
amended and restated articles of incorporation supersede such bylaws provisions. Our bylaws also provide that we may purchase and
maintain insurance for the benefit of any person covered by the foregoing indemnification against any liability asserted against
him or her and incurred by him or her in any capacity for which indemnification is permitted under the General Corporation Law
of Nevada, or any liability arising out of such status, whether or not we would have the power to indemnify him or her against
such liability.
Item 7.  Exemption
from Registration Claimed.
Not Applicable.
Item
8.  Exhibits.
5
Opinion of Faegre Baker Daniels LLP, counsel for the Registrant
23.1
Consent of Faegre Baker Daniels LLP (contained in Exhibit 5 to this Registration Statement)
23.2
Consent of Child, Van Wagoner & Bradshaw, PLLC
23.3
Consent of BDO USA, LLP
24
Powers of Attorney (included with signatures to this Registration Statement)
99.1
Dakota Plains Holdings, Inc. Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K (File No. 000-53390) filed with the Securities and Exchange Commission on March 23, 2012)
Item 9.  Undertakings.
A.          The
undersigned registrant hereby undertakes:
(1)          To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i)          To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)          To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange Commission
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a twenty percent change
in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration
statement; and
(iii)          To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement;
provided
,
however
, that paragraphs (A)(1)(i) and (A)(1)(ii) do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to the Securities and Exchange Commission
by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated
by reference in the registration statement.
(2)          That,
for the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial
bona fide
offering thereof.
(3)          To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.
B.          The
undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each
filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange
Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d)
of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be
deemed to be the initial
bona fide
offering thereof.
C.          Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933
and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment
by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed
in the Securities Act of 1933 and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities
Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the city of Wayzata, State of Minnesota on the 21
st
day of September, 2012.
DAKOTA PLAINS HOLDINGS, INC.
By
/s/ Timothy R. Brady
Timothy R. Brady
Chief Financial Officer
POWER OF ATTORNEY
We, the undersigned officers and directors
of Dakota Plains Holdings, Inc., hereby severally constitute Gabriel G. Claypool and Timothy R. Brady, and each of them singly,
as true and lawful attorneys with full power to them, and each of them singly, to sign for us and in our names, in the capacities
indicated below the registration statement filed herewith and any amendments to said registration statement, and generally to do
all such things in our name and behalf in our capacities as officers and directors to enable Dakota Plains Holdings, Inc. to comply
with the provisions of the Securities Act of 1933 and all requirements of the Securities and Exchange Commission, hereby ratifying
and confirming our signatures as they may be signed by our said attorneys, or any of them, to said registration statement and any
and all amendments thereto.
Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement has been signed below on September 21, 2012 by the following persons in the capacities
indicated:
Name
Title
/s/ Gabriel G. Claypool
Gabriel G. Claypool
Principal Executive Officer
Chairman of the Board of Directors, Chief Executive Officer, President, Secretary and Director
/s/ Timothy R. Brady
Timothy R. Brady
Principal Financial and Accounting Officer
Chief Financial Officer and Treasurer
/s/ Gary L. Alvord
Director
Gary L. Alvord
/s/ Paul M. Cownie
Director
Paul M. Cownie
/s/ David J. Fellon
Director
David J. Fellon
/s/ Terry H. Rust
Director
Terry H. Rust
EXHIBIT
INDEX
Exhibit No.
Description
Manner of Filing
5.1
Opinion of Faegre Baker Daniels LLP.
Filed Electronically
23.1
Consent of Faegre Baker Daniels LLP.
Contained in Exhibit 5 to this Registration Statement
23.2
Consent of Child, Van Wagoner & Bradshaw, PLLC.
Filed Electronically
23.3
Consent of BDO, USA, LLP
Filed Electronically
24.1
Powers of Attorney.
Included with signatures to this Registration Statement
99.1
Dakota Plains Holdings, Inc. 2011 Equity Incentive Plan.
Incorporated by Reference