Filed by Bowne Pure Compliance



 




Exhibit 10.29




CHANGE IN TERMS AGREEMENT




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Principal

	 	Loan Date
	 	Maturity
	 	Loan No
	 	Call / Coll
	 	Account
	 	Officer
	 	Initials
	$4,606,511.50

	 	09-07-2007
	 	03-23-2008
	 	 	3787	 	 	 	2200	 	 	 	 	 	242	 	 	 






References in the shaded area are for Lender’s use only and do not limit the applicability of this document to any particular loan or item.

Any item above containing “***” has been omitted due to text length limitations.




	 	 	 	 	 	 	 
	Borrower:

	 	Homeland Energy Solutions, LLC (TIN:
	 	Lender:
	 	Home Federal Savings Bank
	 

	 	48-1200438)
	 	 	 	Business Banking
	 

	 	106 W Main, PO Box C
	 	 	 	1016 Civic Center Dr NW Suite 300 
	 

	 	Riceville, IA 50466
	 	 	 	Rochester, MN 55901 






 



					
	Principal Amount: $4,606,511.50
	 	Interest Rate: 8.250%
	 	Date of Agreement: September 7, 2007






DESCRIPTION OF EXISTING INDEBTEDNESS. That certain Promissory Note dated March 23, 2007 in
the original principal amount of $3,517,572.00, amended by a Change in Terms Agreement dated
April 23, 2007, amended by a Change in Terms Agreement dated May 4, 2007, amended by a Change
in Terms Agreement dated May 9, 2007, with a current principal balance of $3,517,572.00.



DESCRIPTION OF COLLATERAL. Mortgage dated March 23, 2007 and Assignments of Deposit Accounts
dated March 23, 2007.



DESCRIPTION OF CHANGE IN TERMS. Increase Loan Amount from $3,517,572.00 to $4,606,511.50. All
other terms and conditions remain the same..



PAYMENT. Borrower will pay this loan in one principal payment of $4,606,511.50 plus interest on
March 23, 2008. This payment due on March 23, 2008, will be for all principal and all accrued
interest not yet paid.



CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original
obligation or obligations, including all agreements evidenced or securing the obligation(s),
remain unchanged and in full force and effect. Consent by Lender to this Agreement does not
waive Lender’s right to strict performance of the obligation(s) as changed, nor obligate Lender
to make any future change in terms. Nothing in this Agreement will constitute a satisfaction of
the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligations), including accommodation parties, unless a party is
expressly released by Lender in writing. Any maker or endorser, including accommodation makers,
will not be released by virtue of this Agreement. If any person who signed the original
obligation does not sign this Agreement below, then all persons signing below acknowledge that
this Agreement is given conditionally, based on the representation to Lender that the
non-signing party consents to the changes and provisions of this Agreement or otherwise will
not be released by it. This waiver applies not only to any initial extension, modification or
release, but also to all such subsequent actions.



PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS
AGREEMENT. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.



BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS CHANGE IN TERMS AGREEMENT AND ALL
OTHER DOCUMENTS RELATING TO THIS DEBT.



BORROWER:




HOMELAND ENERGY SOLUTIONS, LLC




	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Stephen K. Eastman        President
	 	 	 	By:
	 	/s/ Bernard Retterath
	 

	 	 
	 	 	 	 	 	 
	 

	 	Steve Eastman, President of Homeland Energy
	 	 	 	 	 	Bernard Retterath, Treasurer of Homeland Energy
	 

	 	Solutions, LLC
	 	 	 	 	 	Solutions, LLC