##### 



Exhibit 10.26
 LOAN AGREEMENT
 by and between
 Security First Bank,
as Lead Lender
 and
 E ENERGY ADAMS, LLC,
a Nebraska limited liability company,
as Borrower
 Dated as of June 29, 2007




---



##### 



TABLE OF CONTENTS
 PageSection 1.
    
    Definitions
    
    
    1Section 2.
    
    Borrower Representations
    
    
    4Section 3.
    
    Lead Lender Representations
    
    
    6Section 4.
    
    The Loan
    
    
    7Section 5.
    
    The Note
    
    
    7Section 6.
    
    The Pledge
    
    
    7Section 7.
    
    Loan Repayments and Prepayments
    
    
    8Section 8.
    
    Debt Service Reserve Fund
    
    
    9Section 9.
    
    Capitalized Interest Fund
    
    
    10Section 10.
    
    Disbursement of Loan Proceeds
    
    
    10Section 11.
    
    Transfer and Assignments
    
    
    11Section 12.
    
    Participations
    
    
    11Section 13.
    
    Assignment of Redevelopment Contract
    
    
    12Section 14.
    
    Defaults and Remedies
    
    
    12Section 15.
    
    Notices
    
    
    12Section 16.
    
    Severability
    
    
    13Section 17.
    
    Binding Effect
    
    
    13Section 18.
    
    This Agreement Governs
    
    
    13Section 19.
    
    Amendments
    
    
    13Section 20.
    
    Counterparts
    
    
    13Section 21.
    
    Governing Law
    
    
    13Exhibit A
    
    Qualified Project CostsExhibit B
    
    Closing CostsExhibit C
    
    Resolution of BorrowerExhibit D
    
    Form of Borrowers NoteExhibit E
    
    Form of Security Agreement




---



##### 



LOAN AGREEMENT
 Agreement Borrower Lead Lender Schedule 1 Participants
 RECITALS
 Redevelopment Contract Issuer
 Facility Redevelopment Project Redevelopment Area
 Grant Qualified Project Costs
  Loan Proceeds
 Closing Costs
   THE AGREEMENT
 Section 1. Definitions.
 Act




---



##### 



Agreement
 Borrower
 Borrowers Note
 Capitalized Interest Amount
 Capitalized Interest Fund
 Closing Costs Exhibit B
 Debt Service Reserve Fund
 Debt Service Reserve Fund Requirement
 Event of Default
 Excess Pledged Tax Increment Revenues
 Facility
 Grant Exhibit C Exhibit A
 Issuer
 Issuers Resolution
 Issuers Series A Note
  -2-




---



##### 



Issuers Series B Note
 Lead Lender
 Liquidated Damages Amount Liquidated Damages Amount
 Loan
 Loan Documents
 Loan Interest Rate
 Loan Maturity Date
 Loan Payment Date Loan Payment Dates
 Loan Proceeds
 Origination Fee
 Participant Schedule 1
 Payment Direction Letter
 Permitted Encumbrances
 PILOT Payments
 Pledge
 Pledged Revenues
  -3-




---



##### 



Pledged Tax Increment Revenues
 Qualified Project Costs Exhibit A
 Redevelopment Area Exhibit A
 Redevelopment Contract
 Redevelopment Project
 Reset Date
 Security Agreement
 Tax Increment Revenues
 TIF Indebtedness
 Section 2. Borrower Representations.
  Exhibit C
   -4-




---



##### 



Exhibit A
  Exhibit A
  -5-




---



##### 



Origination Fees:
    
    
    
    $
    2,000.00Bond Counsel:
    
    
    
    $
    55,000.00Placement Agent:
    
    ($100,700  5,000 paid out of new money)
    
    $
    95,700.00
  Section 3. Lead Lender Representations.
    -6-




---



##### 



accredited
investors
 Section 4. The Loan.
  Reset Date
   Section 5. The Note. Exhibit D Borrowers Note
 Section 6. The Pledge.
 Pledge Security Agreement Exhibit E
  -7-




---



##### 



Section 7. Loan Repayments and Prepayments.
         Payment Direction Letter
  -8-




---



##### 



Section 8. Debt Service Reserve Fund.
 Debt Service Reserve Fund
  Debt Service Coverage Ratio
       -9-




---



##### 



Section 9. Capitalized Interest Fund.
 Capitalized Interest Fund
     Section 10. Disbursement of Loan Proceeds.
  Exhibit B
          -10-




---



##### 



Section 11. Transfer and Assignments.
  Assignment Assignee
  Section 12. Participations.
 Participation Participant
  United States Person
  -11-




---



##### 



Section 13. Assignment of Redevelopment Contract.
 Section 14. Defaults and Remedies. Event of Default
     Section 15. Notices.
 To the Borrower:
    
    E Energy Adams, LLC510 Main StreetPO Box 49Adams, NE 68301Attention: Larry BreesPhone: (402) 988-4655Fax: (402) 988-5205With a copy to:
    
    Crosby Guenzel, LLPSuite 400Federal Trust Building134 South 13th StreetLincoln, NE 68508Attention: Dave JareckePhone: (402) 434-7329Fax: (402) 434-7303To the Lead Lender:
    
    Security First Bank5710 South 53rd St.Lincoln, NE 68512Attention: Aaron BellPhone: (402) 323-8006Fax: (402) 323-8021Email: abell@security1stbank.com
   -12-




---



##### 



Section 16. Severability.
 Section 17. Binding Effect.
 Section 18. This Agreement Governs.
 Section 19. Amendments.
 Section 20. Counterparts.
 Section 21. Governing Law.
 IN WITNESS WHEREOF
 SECURITY FIRST BANK,as Lead Lender, on behalf of all ParticipantsBy:
    /s/ John DaubertJohn DaubertPresident / CEO E ENERGY ADAMS, LLC,a Nebraska limited liability company as BorrowerBy:
    /s/ Jack L. AldermanIts:  Chairman  -13-




---



##### 



SCHEDULE 1
 LIST OF PARTICIPANTS




---



##### 



Lead Bank
    
    Portion of Total Loan ($)
    
    
    Participation Interest (%)Security First Bank
Attn: John Daubert
57103 S 53rd St
Lincoln, NE 68516
(402) 323-8011
    
    $
    2,535,000
    
    
    
    50.34757
    %ParticipantsCommercial National Bank
of Ainsworth
Attn: Doug Weiss
200 N Main St
P.O. Box 6
Ainsworth, NE 69210
(402) 387-2381
    
    $
    500,000
    
    
    
    9.93049
    %First National Bank
Attn: Jack Beard
Main St & Parker St
P.O. Box 248
Lewellen, NE 69147
(308) 778-5361
    
    $
    500,000
    
    
    
    9.93049
    %Exchange Bank
Attn: Brian Schardt
1204 Allen Dr
Grand Island, NE 68803
    
    $
    500,000
    
    
    
    9.93049
    %Plattsmouth State Bank
Attn: Joan Lewis
446 Main St
Plattsmouth, NE 68048
(402) 296-2194
    
    $
    500,000
    
    
    
    9.93049
    %The Gothenburg State Bank &
Trust Company
Attn: Luke Rickertsen
900 Lake Ave
P.O. Box 81
Gothenburg, NE 69138
(308) 537-7181
    
    $
    250,000
    
    
    
    4.96524
    %Curtis State Bank
Attn: John Wilkinson
301 Center Ave
P.O. Box 69025
(308) 367-4155
    
    $
    250,000
    
    
    
    4.96524
    %TOTAL
    
    $
    5,035,000
    
    
    
    100
    %




---



##### 



EXHIBIT A
 QUALIFIED PROJECT COSTS
 E Energy Adams, LLCSchedule of Project CostsAs of June 20, 2007Land and land easements
    
    $
    1,306,557.29Cost of Issuance, Debt Service Reserve
Fund, Capitalized Interest Fund
    
    
    1,175,000.00Site development-excavating
    
    
    2,499,157.00Development of road
    
    
    428,920.00Rail yard
    
    
    1,838,603.00Natural gas line
    
    
    1,766,373.00Wells
    
    
    75,944.00Total expenditures
    
    $
    9,090,554.29




---



##### 



EXHIBIT B
 CLOSING COSTS
 AmountPlacement Agent fee ($100,700  5,000
paid from new money)
    
    $
    95,700.00Counsel
    
    
    55,000.00Origination Fee
    
    
    2,000.00Total
    
    $
    152,700.00
  B-1




---



##### 



EXHIBIT C
 RESOLUTION OF BORROWER




---



##### 



RESOLUTION OF BOARD OF DIRECTORS
OF
E ENERGY ADAMS, LLC
  RESOLVED
 RESOLVED FURTHER
 RESOLVED FURTHER
 RESOLVED FURTHER




---



##### 



RESOLVED FURTHER
 RESOLVED FURTHER
 RESOLVED FURTHER
   /s/ Dennis L. Boesiger
    
    /s/ Ron Miller/s/ Tom Roode
    
    /s/ Vinson VanEngen/s/ Duane Wollenburg
    
    s/ Steve Dean/s/ Kenneth Brinkman
    
    /s/ Jack L. Alderman/s/ Mark Weber/s/ Gary Bentzinger/s Amy Johnston




---



##### 



EXHIBIT D
 FORM OF BORROWERS NOTE




---



##### 



PROMISSORY NOTE
 $5,035,000.00
    
    June 29, 2007
 FOR VALUE RECEIVED E ENERGY ADAMS, LLC Borrower Lead Lender Participants rd Section
3 Maturity Date
 Loan Agreement. Loan Agreement Loan
 Interest Rate .
 Payment of Interest and Principal .
 Payment and Calculation of Interest Section 5(b Loan Payment Date Schedule 1
 Interest Rate Reset Date
  D-1




---



##### 



Interest Period
 Principal Repayment Schedule 1
 Payment upon Maturity Date
 Prepayment
 Maturity Date
 Date of Credit
 Billings
 Default Rate Default Rate
 Late Charges
 Debt Service Coverage Event
 Debt Service Reserve Fund Debt Service Reserve Fund
Requirement
  D-2




---



##### 



Debt Service Coverage Ratio
   Definitions
 Banking Day
 Business Day
 Debt Service Coverage Ratio
 Dollars $
 Interest Rate
 Series A Note
 Series B Note
 Acceleration Due to an Event of Default
  D-3




---



##### 



Certain Waivers, Consents and Agreements
 Delay Not A Bar
 Partial Invalidity
 Use of Proceeds.
 Notices
 Governing Law
  D-4




---



##### 



Waiver of Jury Trial .
 No Oral Change
 Rights of the Holder holder
 Right to Pledge to Federal Reserve
 General Rights of Assignment and Participation
 Replacement Note
 [Signatures appear on following page]
  D-5




---



##### 



IN WITNESS WHEREOF
 WITNESS:
    
    BORROWER:E ENERGY ADAMS, LLC,a Nebraska limited liability companyBy:Its:Hereunto duly authorized
  D-6




---



##### 



Schedule 1  Principal and Interest Payments
 Date
    
    Principal
    
    
    Coupon
    
    
    Interest
    
    
    Total P+I12/1/2007
    
    
    
    
    
    
    
    
    
    
    194,518.83
    
    
    
    194,518.836/1/2008
    
    
    
    
    
    
    
    
    
    
    230,351.25
    
    
    
    230,351.2512/1/2008
    
    
    
    
    
    
    
    
    
    
    230,351.25
    
    
    
    230,351.256/1/2009
    
    
    95,000.00
    
    
    
    9.15
    %
    
    
    230,351.25
    
    
    
    325,351.2512/1/2009
    
    
    100,000.00
    
    
    
    9.15
    %
    
    
    226,005.00
    
    
    
    326,005.006/1/2010
    
    
    105,000.00
    
    
    
    9.15
    %
    
    
    221,430.00
    
    
    
    326,430.0012/1/2010
    
    
    110,000.00
    
    
    
    9.15
    %
    
    
    216,626.25
    
    
    
    326,626.256/1/2011
    
    
    115,000.00
    
    
    
    9.15
    %
    
    
    211,593.75
    
    
    
    326,593.7512/1/2011
    
    
    120,000.00
    
    
    
    9.15
    %
    
    
    206,332.50
    
    
    
    326,332.506/1/2012
    
    
    125,000.00
    
    
    
    9.15
    %
    
    
    200,842.50
    
    
    
    325,842.5012/1/2012
    
    
    130,000.00
    
    
    
    9.15
    %
    
    
    195,123.75
    
    
    
    325,123.756/1/2013
    
    
    135,000.00
    
    
    
    9.15
    %
    
    
    189,176.25
    
    
    
    324,176.2512/1/2013
    
    
    145,000.00
    
    
    
    9.15
    %
    
    
    183,000.00
    
    
    
    328,000.006/1/2014
    
    
    150,000.00
    
    
    
    9.15
    %
    
    
    176,366.25
    
    
    
    326,366.2512/1/2014
    
    
    155,000.00
    
    
    
    9.15
    %
    
    
    169,503.75
    
    
    
    324,503.756/1/2015
    
    
    165,000.00
    
    
    
    9.15
    %
    
    
    162,412.50
    
    
    
    327,412.5012/1/2015
    
    
    170,000.00
    
    
    
    9.15
    %
    
    
    154,863.75
    
    
    
    324,863.756/1/2016
    
    
    180,000.00
    
    
    
    9.15
    %
    
    
    147,086.25
    
    
    
    327,086.2512/1/2016
    
    
    185,000.00
    
    
    
    9.15
    %
    
    
    138,851.25
    
    
    
    323,851.256/1/2017
    
    
    195,000.00
    
    
    
    9.15
    %
    
    
    130,387.50
    
    
    
    325,387.5012/1/2017
    
    
    205,000.00
    
    
    
    9.15
    %
    
    
    121,466.25
    
    
    
    326,466.256/1/2018
    
    
    215,000.00
    
    
    
    9.15
    %
    
    
    112,087.50
    
    
    
    327,087.5012/1/2018
    
    
    225,000.00
    
    
    
    9.15
    %
    
    
    102,251.25
    
    
    
    327,251.256/1/2019
    
    
    235,000.00
    
    
    
    9.15
    %
    
    
    91,957.50
    
    
    
    326,957.5012/1/2019
    
    
    245,000.00
    
    
    
    9.15
    %
    
    
    81,206.25
    
    
    
    326,206.256/1/2020
    
    
    255,000.00
    
    
    
    9.15
    %
    
    
    69,997.50
    
    
    
    324,997.5012/1/2020
    
    
    265,000.00
    
    
    
    9.15
    %
    
    
    58,331.25
    
    
    
    323,331.256/1/2021
    
    
    280,000.00
    
    
    
    9.15
    %
    
    
    46,207.50
    
    
    
    326,207.5012/1/2021
    
    
    730,000.00
    
    
    
    9.15
    %
    
    
    33,397.50
    
    
    
    763,397.50Total
    
    $
    5,035,000.00
    
    
    
    
    
    
    $
    4,532,076.33
    
    
    $
    9,567,076.33
  D-7




---



##### 



EXHIBIT E
 FORM OF SECURITY AGREEMENT




---



##### 



SECURITY AGREEMENT
 Security Agreement Pledgor Pledgee
 RECITALS :
 WHEREAS Loan Loan Agreement
 WHEREAS Note
 WHEREAS
 AGREEMENT
 NOW THEREFORE
 Definitions.
 Chief Executive Office State
 Code
 Collateral State
 Financing Statement
 Interest
 Issuer
 Loan Documents
 Obligations
  E-1




---



##### 



Pledged Revenues
 Pledgor State
 Series A Note
 Series B Note
 Grant of Security Interest.
 Perfection of Security Interests
    Possession
 Powers of Pledgor Prior to an Event of Default
 Representations, Warranties and Covenants
   E-2




---



##### 



Application of Collateral
 Remedies
   Section 2
 Events of Default
      E-3




---



##### 



Waivers; Modifications
 Remedies Cumulative
 Notices
      rd
  
 Binding Effect and Assignments
  E-4




---



##### 



Consent of Issuer
 Severability
 Further Assurances
 Release.
     Governing Law.
 Interpretation
 Counterparts
 [Remainder of this page intentionally left blank.]
  E-5




---



##### 



PLEDGORE ENERGY ADAMS, LLC,a Nebraska limited liability companyBy:Its:PLEDGEESECURITY FIRST BANK,on behalf of all ParticipantsJohn DaubertPresident / CEO
   THE VILLAGE OF ADAMS, NEBRASKABy:Its:
  E-6