##### 



Quadra Energy Trading Inc
 PRODUCT SALES AGREEMENT  REVISION
 Contract No:
    
    
    V01029,01Contract Eff Date:
    
    DEC 06 2006Revision No:
    
    
    01Revision Date:
    
    DEC 06 2006Reference:
 Lincolnway Energy LLC
    
    
    
    Quadra Energy Trading Inc.Suite 30759511W. Lincoln Hwy.Neveda, IA 50201
    
    
    
    300 N. Dakota Avenue
Sioux Falls, SD 57102Attention:
    
    Lars Dunn
    
    
    
    Attention:
    
    Dave VineBus:(515) 382-8899Fax:
(515) 382-2417
    
    
    
    
    
    Bus: (605) 977-1761Fax:
(605) 977-1763
  PRODUCT
    
    Natural Gasoline
    
    CONTRACT TERM:
    
    April 01 2007 through to September 30 2007
    
    TOTAL VOLUME:
    
    540000 USG
 PRICE:
    
    1.77 US$/USGFOB:
    
    Nevada, IAPAYMENT TERMS:
    
    Due payment 10 daysPRICE REMARKS:
    
    n/aGENERAL REMARKS:
    
    n/aTOTAL LOCATION
VOLUME:
    
    540000 USG
    
    Schedule Name:
    
    
    

Revno:    00Location FOB:
    
    Navada, IA
    
    Schedule Product:
    
    C5Delivery Point:
    
    Nevada, IA
    
    Customs or Brokerage:
    
    N/ATransportation Mode:
    
    Truck
    
    Equipment Supplied By:
    
    supplied by quadraDELIVERY SCHEDULE: (USG)
 Jan
    
    Feb
    
    Mar
    
    Apr
    
    May
    
    Jun
    
    Jul
    
    Aug
    
    Sep
    
    Oct
    
    Nov
    
    Dec2007
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    90000
    
    
    
    90000
    
    
    
    90000
    
    
    
    90000
    
    
    
    90000
    
    
    
    90000
    
    
    
    0
    
    
    
    0
    
    
    
    0
 If you do not agree to these terms, please contact us.
 Accepted and Agreed to
this day by;Lincolnway Energy LLC
    
    Quadra Energy Trading Inc./s/ Lars Dunn
    
    
    
    /s/ Dave VineLars Dunn
    
    
    
    Dave VineManager, Energy Products MarketingDate: 12-12-06
    
    
    
    Date: Dec. 11, 2006
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##### 



Quadra Energy Trading Inc.
 PRODUCT SALES AGREEMENT
 Contract No:
    
    
    V01028,00Contract Eff Date:
    
    DEC 06 2006Revision No:
    
    
    00Revision Date:
    
    DEC 06 2006Reference:
 Lincolnway Energy LLC
    
    Quadra Energy Trading Inc.Suite 30759511 W. Lincoin Hwy.
    
    300 N. Dakota AvenueNevada 1A 50201
    
    Sioux Fails, SD 57102
 Attention:
    
    Lars Dunn
    
    Attention:
    
    Dave VineBus:(605) 382-8899
    
    
    
    Bus: (605) 977-1761Fax: (515) 382-2417
    
    
    
    Fax: (605) 977-1763
  PRODUCT
    
    Natural Gasoline
    
    CONTRACT TERM:
    
    January 01 2007 through to March 31 2007
    
    TOTAL VOLUME:
    
    135000 USG
 PRICE:
    
    1,73 US$/USGFOB:
    
    Nevada, IAPAYMENT TERMS:
    
    Due payment net 10 daysPRICE REMARKS:
    
    n/aGENERAL REMARKS:
    
    n/a
 TOTAL LOCATION VOLUME:
    
    135000 USG
    
    Schedule Name:
    
    
    
    RevNo:
    
    
    00Location FOB:
    
    Nevada, IA
    
    Schedule Product:
    
    C5Delivery Point:
    
    Nevada, IA
    
    Customs or Brokerage:
    
    N/ATransportation Mode:
    
    Truck
    
    Equipment Supplied By:
    
    Supplied by quadra
 DELIVERY
SCHEDULE: (USG)
 Jan
    
    Feb
    
    Mar
    
    Apr
    
    May
    
    Jun
    
    Jul
    
    Aug
    
    Sep
    
    Oct
    
    Nov
    
    Dec2007
    
    
    45000
    
    
    
    45000
    
    
    
    45000
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
 If you
do not agree to these terms, please contact us.
  Lincolnway Energy LLC
    
    
    
    Quadra Energy Trading Inc./s/ Lars Dunn
    
    
    
    /s/ Dave VineLars Dunn
    
    
    
    Dave vineManager, Energy Products MarketingDate: 12-08-06
    
    
    
    Date: Dec. 7/2006
 E-2




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##### 



TERMS AND CONDITIONS
 1. TITLE
    2.
TRANSPORTATION, DETENTION AND DEMURRAGE
  Transportation of Dangerous Goods Act
    3.
PRICES
    4. DELIVERY
  5. QUALITY
  6. MEASUREMENT
   7. SHORTAGES
   E-3




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##### 



8. TAXES AND DUTIES
   9. PAYMENT
  10. LIABILITY AND INDEMNITY
      11. FORCE MAJEURE
  12. NOTICE
  13. ASSIGNMENT
  14. LAWS
  (i)
    
    of the Province of Alberta, where Quadra Energy Trading Ltd. is a party
hereto; and(ii)
    
    of the State of Minnesota, where Quadra Energy Trading Inc.
is a party hereto.
  E-4




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##### 



(i)
    
    the courts of the Province of Alberta, where Quadra Energy Trading Ltd.
is a party hereto; and(ii)
    
    the courts of the Sate of Minnesota, where Quadra Energy
Trading Inc. is a party here,
  15. TIME OF THE ESSENCE
  16. ENTIRE AGREEMENT
  17. SURVIVAL
  18.
Net Our Agreements
  19. Acceptance Language
  E-5