Exhibit 10.3
  MONITORED REVOLVING CREDIT SUPPLEMENT
 THIS SUPPLEMENT ABE FAIRMONT,
LLC, Fairmont, Nebraska
 SECTION 1. The Revolving Credit Facility.
 SECTION 2. Purpose.
 SECTION 3. Term.
 SECTION 4. Interest.
 (A) One-Month LIBOR Index Rate.




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Monitored Revolving Credit Supplement R10475S02
ABE FAIRMONT, LLC 
Fairmont, Nebraska
    
    - 2 -
 (B) Quoted Rate.
 (C) LIBOR.




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Monitored Revolving Credit Supplement RI0475S02
ABE FAIRMONT, LLC 
Fairmont, Nebraska
    
    - 3 -
  SECTION 5. Promissory Note
 SECTION 6. Borrowing Base Reports, Etc.
 SECTION 7. Letters of Credit.
 SECTION 8. Security.




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Monitored Revolving Credit Supplement RI0475S02
ABE FAIRMONT, LLC 
Fairmont, Nebraska
    
    - 4 -
 SECTION 9. Commitment Fee.
 IN WITNESS WHEREOF,
 FARM CREDIT SERVICES
OF AMERICA, PCA
    
    ABE FAIRMONT,
LLCBy ADVANCED BIOENERGY, LLC
its sole memberBy:
    /s/ Kathryn Frahm
    
    By:
    /s/ Richard PetersonTitle:
    VP Credit
    
    Title:
    CEO/CFONT 4-28-11




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EXHIBIT A
 Seasonal Borrowing Base Report
 ABE Fairmont, LLC (00042404)
    
    Fairmont, Nebraska
    
    ← For Period ending
  Line
    
    Type of Eligible Asset
    
    Amount/Price/Value
    
    
    Advanced Rate
    
    
    Collateral Value1
    
    Owned Corn Inventory (bushels)2
    
    Corn Price
(lower of cost or market - $/bu)
    
    $3
    
    Corn Value (Line 1 x Line 2)
    
    $
    
    
    
    
    85
    %
    
    $4
    
    Less All Grain Payables (if applicable to above corn)
    
    $
    
    
    
    
    100
    %
    
    $5
    
    Owned DDGS Inventory (tons)6
    
    DDGS Price
(market - $/ton)
    
    $7
    
    DDGS Value (Line 5 x Line 6)
    
    $
    
    
    
    
    65
    %
    
    $8
    
    Owned WDGS Inventory (tons)9
    
    WDGS Price
(market - $/ton)
    
    $10
    
    WDGS Value (Line 8 x Line 9)
    
    $
    
    
    
    
    65
    %
    
    $11
    
    Owned Ethanol Inventory (gallon)12
    
    Ethanol
Price (market - $/gallon)
    
    $13
    
    Ethanol Value (Line 11 x Line 12)
    
    $
    
    
    
    
    80
    %
    
    $14
    
    Ethanol Receivables less than 10 days Past Due
    
    $
    
    
    
    
    85
    %
    
    $15
    
    DDGS
& WDGS Receivables less than 10 days Past Due
    
    $
    
    
    
    
    85
    %
    
    $16
    
    
    Total Borrowing Base →
    
    
    
    
    
    
    
    
    $17
    
    Less: Book Overdraft(s)
    
    $
    
    
    
    
    100
    %
    
    $18
    
    Less: Demand Patron Notes/Deposits
    
    $
    
    
    
    
    100
    %
    
    $19
    
    Less: Outstanding Balance of Seasonal Loan(s)
    
    $
    
    
    
    
    100
    %
    
    $20
    
    Less: Issued Letters of Credit
    
    $
    
    
    
    
    100
    %
    
    $21
    
    
    Total Deducts (Line 17+18+19+20) →
    
    
    
    
    
    
    
    
    $22
    
    
    EXCESS OR DEFICIT* (Line 16 - Line
21) →
    
    
    
    
    
    
    
    
    $
 
 *
    
    NOTE: If a deficit exists, please contact Agent (CoBank) immediately with: 1) and updated borrowing base report, and 2) specifics of all payments remitted since end of period (check
numbers, wire routing numbers, etc.)  Authorized Signature
    
    Title
    
    DatePrinted name: