##### 



TRINITY INDUSTRIES LEASING COMPANY
RAILROAD CAR LEASE AGREEMENT
 th Trinity
Industries Leasing Company, a
 SiouxLand Ethanol, LLC,
  LEASE AGREEMENT
  DELIVERY
  CONDITION OF CARS  ACCEPTANCE
    RENTALS
 21038 Network Place, Chicago, Illinois 60673-1210,
 MILEAGE ALLOWANCE
  
 1




---



##### 



TERM
  USE AND POSSESSION
   ADDITIONAL CHARGES BY RAILROADS
  LESSEES RIGHT TO TRANSFER OR SUBLEASE
   MAINTENANCE RESPONSIBILITY
    2




---



##### 



LOSS OR DESTRUCTION
  LOSS OF COMMODITY
  DAMAGE TO CAR BY COMMODITY
  ALTERATION AND LETTERING
  INTERIOR PREPARATION FOR COMMODITIES
  RETURN OF CARS
   MODIFICATIONS
   HIGH MILEAGE AND WEIGHT LIMITATION
   3




---



##### 



USE OF CARS ON CERTAIN ROADS UNDER AAR CIRCULAR OT-5
  INDEMNIFICATIONS
  TAXES AND LIENS
   DEFAULT AND REMEDIES
  1.
    
    Immediately terminate this Lease and Lessees rights hereunder;2.
    
    Require Lessee to return the cars to Lessor at Lessees expense, and if Lessee fails to
so comply, Lessor may
take possession of such cars without demand or notice and without court order or legal
process. Lessee hereby
waives any damages occasioned by such taking of possession. Lessee acknowledges that it may
have a right to
notice of possession and the taking of possession with a court order or other legal process.
Lessee, however,
knowingly waives any right to such notice of possession and the taking of such possession
without court order or
legal process;
 3.
    
    Lease the cars to such persons, at such rental, and for such period of time as Lessor
shall elect. Lessor shall
apply the proceeds from such leasing, less all costs and expenses incurred in the recovery,
repair, storage and
renting of such cars, toward the payment of Lessees obligations hereunder. Lessee shall
remain liable for any
deficiency, which, at Lessors option, shall be paid monthly as suffered or immediately, or
at the end of the Lease
term as damages for Lessees default;4.
    
    Bring legal action to recover all rent or other amounts then accrued or thereafter
accruing from Lessee to Lessor
under any provision hereunder;5.
    
    Pursue any other remedy which Lessor may have.
  4




---



##### 



LESSORS RIGHT TO ASSIGN. SUBORDINATION
   WARRANTIES
  RIGHT OF INSPECTION AND NOTICES
   INSURANCE
  5




---



##### 



TILC CAPACITY
  1.
    
    If TILC is the owner of the subject cars at the time they are placed into service under
the Lease, TILC executes the related Rider and enters into such Lease in its individual capacity as the car owner for
its own account.2.
    
    If TILC is not the owner of the subject cars at the time they are placed into service
under the Lease, then TILC executes the related Rider and enters into such Lease as manager for the benefit of the
relevant car owner,pursuant to contractual authority delegated by the car owner to TILC (as manager) to encumber
and bind the subject cars and car owner under such Lease.
  MISCELLANEOUS
  1.
    
    Governing LawThis Lease shall be interpreted under and performance shall be governed by the laws of the
State of Delaware.2.
    
    ExhibitsAll exhibits attached hereto are incorporated herein by this reference.3.
    
    PaymentsAll payments to be made under this Lease shall be made at the addresses set forth in Article
4.4.
    
    SeverabilityIf any term or provision of this Lease or the application thereof shall, to any extent, be
invalid or unenforceable, such invalidity or unenforceability shall not affect or render
invalid or unenforceable any other provision of this Lease, and this Lease shall be valid and
enforced to the fullest extent permitted by law.The headings that have been used to designate the various Sections and Articles hereof are
solely for convenience in reading and ease of reference and shall not be construed in any
event or manner as interpretative or limiting the interpretation of the same.7.
    
    Governmental LawsLessee shall comply with all governmental laws, rules, regulations, requirements and the
Interchange Rules (herein collectively referred to as the Rules) with respect to the use and
operation of the cars.
 6




---



##### 



8.
    
    SurvivalAll indemnities contained in this Lease shall survive the termination hereof. In addition,
the obligation to pay any deficiency, as well as the obligation for any and all other
payments by Lessee to Lessor hereunder shall survive the termination of this Lease or the
lease contained herein.9.
    
    This Agreement represents the entire agreement. This Agreement shall not be modified,
altered or amended except by an agreement in writing signed by the parties.
 ADDRESSING OF NOTICES
  Lessee
    
    to Lessor:
    
    Lessor to Lessee:TO:
    
    Trinity Industries Leasing Company
    
    SiouxLand Ethanol, LLC2525 Stemmons Freeway
    
    110 East Elk StreetDallas, TX 75207
    
    Jackson, Nebraska 68743ATTENTION: Thomas C. Jardine
                         Vice President
    
    ATTENTION: Chuck Hofland
 ADMINISTRATION OF LEASE
  OPINION OF COUNSEL
  1.
    
    Lessee is a limited liability company duly organized, validly existing, and in good
standing under the laws of the State of Nebraska and is either duly qualified to do
business and is in good standing in such other jurisdictions in which the business and
activities of Lessee require such qualification or its failure to so qualify in such
other jurisdiction will not have a material adverse impact on this Lease.
 2.
    
    Lessee has full power to enter into this Lease.
  7




---



##### 



lh
 TRINITY INDUSTRIES LEASING COMPANY
 By
    
    /s/ Thomas C. JardineThomas C. JardineVice President
  By
    
    /s/ Illegible signatureSecretary
 SIOUXLAND ETHANOL, LLC
 By
    
    /s/ Tom LynchTitle
    
    President
  By
    
    /s/ McGill
 8




---



##### 



THE STATE OF TEXAS
    
    
    §§COUNTY OF DALLAS
    
    
    §
  th
 /s/
Danielle Henderson
    
    [Notary Stamp]Notary Public
 My Commission Expires: 6 / 9 / 08
 THE STATE OF NEBRASKA
    
    
    §§COUNTY OF
    
    
    §
 Tom Lynch
 7 December,
 /s/ Celia BogardNotary Public
 2-14-08
  9




---



##### 



Trinity Industries
Leasing Company, to SiouxLand Ethanol, LLC,
 Railcar Numbers
 
 LESSEE:
    
    SIOUXLAND ETHANOL, LLCBY:TITLE:




---



##### 



RIDER ONE (1) TO RAILROAD CAR LEASE AGREEMENT
 th Trinity Industries Leasing Company, SiouxLand Ethanol, LLC,
 BaseNumber
    
    
    
    Approximate
    
    Monthlyof
    
    
    
    Capacity
    
    RentalCars
    
    Type and Description
    
    (cubic feet)
    
    (Per Car)15
    
    109-ton quad covered hopper cars with thru CSC center
sill and 42x42 gates, built to Trinity Rail
specification no. LO-6351-D5Q297-PB1 dated 12/19/05,
marked and numbered TILX 639123  639137
    
    
    6,351
    
    
    $
    668.00
 Adjustment of Base Monthly Rental at Lease Commencement:
 1.
    
    Interest Rate Changes   The Base Monthly Rental is subject to a one-time adjustment as
of the date of
delivery (as defined in Article 3) (Delivery Date) of the initial car to be made by
written notice delivered to
Lessee within thirty (30) days after such Delivery Date for any change in the yield to
maturity of on-the-run
ten year U.S. Treasury Notes (Notes) yielding 4.42% as of January 12, 2006, versus the
yield to maturity
of such Notes as of the Delivery Date of the cars leased under this Rider One. For each 25
basis point
change (or fraction thereof) in such yield to maturity, the Base Monthly Rental shall be
adjusted $9.22 (or
pro rata portion thereof).2.
    
    Raw Material Cost Increases  The Base Monthly Rental is subject to a one-time
adjustment as of the
Delivery Date to be made by written notice delivered to Lessee within thirty (30) days after
such Delivery
Date for any increase in steel and other raw material (collectively Raw Materials) costs
incurred by
Lessors manufacturing affiliate in the production of the cars covered hereunder versus the
estimated cost
of Raw Materials implicit in a unit sales price of $72,310. For each $100 increase in Raw
Materials costs (or
fraction thereof), the Base Monthly Rental shall be increased $0.95 (or pro rata portion
thereof).
 Irrevocable Standby Letter of Credit
 Delivery & Acceptance
 Impact Damage
 Return of Cars
 Weight Limitation
 Escalation of Monthly Rental Charge:
 1.
    
    Modifications  In accordance with Article 18 of Railroad Car Lease Agreement, any change in car
design
required by the AAR, DOT, FRA or other governmental authority during the term of this lease
will cause the monthly car rental to increase for each car on the month following its
modification as follows:
 A.
    
    For modification with a useful life equal to the car itself, car rental will
increase by a monthly rate of
$1.75 per car for each $100 of Lessors cost incurred in the course of making
modification.B.
    
    For modification with a useful life less than that of the car, monthly car
rental increase will equal cost of
modification, including the implicit cost of money at 10% per annum, divided by the
number of months
of estimated remaining life of the modification.




---



##### 



2.
    
    High Mileage  In accordance with Article 19, in the event that a car travels more than 36,000
miles (empty and
loaded) in any calendar year, the Lessee shall pay the Lessor $0.03 per mile for each mile
over 36,000 traveled by such car.
 Severability of Rider
  Minimum Rental Period
  NA
 TRINITY INDUSTRIES LEASING COMPANY
    
    
    
    SIOUXLAND ETHANOL, LLCBy:
    
    /s/ Thomas Jardine
    
    
    
    By:
    
    /s/ Tom LynchVice President, Portfolio Management
    
    
    
    Title:
    
    President




---



##### 



RIDER TWO (2) TO RAILROAD CAR LEASE AGREEMENT
 lh Trinity Industries Leasing Company, SiouxLand Ethanol, LLC,
 BaseNumber
    
    
    
    Approximate
    
    Monthlyof
    
    
    
    Capacity
    
    RentalCars
    
    Type and Description
    
    (cubic feet)
    
    (Per Car)35
    
    109-ton quad covered hopper cars with thru CSC center
sill and 42x42 gates, built to Trinity Rail
specification no. LO-6351-D5Q297-PB1 dated
12/19/05, marked and numbered TILX 639138 -
639142, 639733  639762
    
    
    6,351
    
    
    $
    618.00
 Adjustment of Base Monthly Rental at Lease Commencement:
 1.
    
    Interest Rate Changes  The Base Monthly Rental is subject to a one-time adjustment as
of the date of
delivery (as defined in Article 3) (Delivery Date) of the initial car to be made by written
notice delivered to
Lessee within thirty (30) days after such Delivery Date for any change in the yield to
maturity of on-the-run ten
year U.S. Treasury Notes (Notes) yielding 4.42% as of January 12, 2006, versus the yield to
maturity of such
Notes as of the Delivery Date of the cars leased under this Rider One. For each 25 basis
point change (or
fraction thereof) in such yield to maturity, the Base Monthly Rental shall be adjusted $8.08
(or pro rata portion
thereof).2.
    
    Raw Material Cost Increases  The Base Monthly Rental is subject to a one-time
adjustment as of the Delivery
Date to be made by written notice delivered to Lessee within thirty (30) days after such
Delivery Date for any
increase in steel and other raw material (collectively Raw Materials)
costs incurred by Lessors
manufacturing affiliate in the production of the cars covered hereunder versus the estimated
cost of Raw
Materials implicit in a unit sales price of $72,310. For each $100 increase in Raw Materials
costs (or fraction
thereof), the Base Monthly Rental shall be increased $0.95 (or pro rata portion thereof).
 Irrevocable Standby Letter of Credit
 Delivery & Acceptance
 Impact Damage
 Return of Cars
 Weight Limitation
 Escalation of Monthly Rental Charge:
 1.
    
    Modifications  In accordance with Article 18 of Railroad Car Lease Agreement, any change in
car design required
by the AAR, DOT,
or other governmental authority during the term of this lease will cause the monthly
car rental to increase for each car on the month following its modification as follows:
 A.
    
    For modification with a useful life equal to the car itself, car rental will
increase by a monthly rate of $1.75
per car for each $100 of Lessors cost incurred in the course of making modification.B.
    
    For modification with a useful life less than that of the car, monthly car
rental increase will equal cost of
modification, including the implicit cost of money at 10% per annum, divided by the
number of months of
estimated remaining life of the modification.




---



##### 



2
    
    High Mileage  In accordance with Article 19, in the event that a car travels more
than 36,000 miles (empty and loaded) in any calendar year, the Lessee
shall pay the Lessor $0.03 per mile for each mile over 36,000 traveled by such car.
 Severability of Rider
  Minimum Rental Period
  NA
 TRINITY INDUSTRIES LEASING COMPANY
    
    
    
    SIOUXLAND ETHANOL, LLCBy:
    
    /s/ Thomas Jardine
    
    
    
    By:
    
    /s/ Tom LynchVice President, Portfolio Management
    
    
    
    Title:
    
    President
 2