##### 



Exhibit 10.14
 
 certificate Number: 8000845360 American
Federal Bank Certificate of Deposit NON-NEGOTIABLE AND NON-TRANSFERABLE Agassiz Energy, LLC 03-07-2007 03-06-2008 12 Months $ 970,000.00 Monthly 5.128 5.25 Compound See your Truth in Savings disclosure for renewal and penalty terms. American Federal Bank Authorized Signature American Federal Bank
304 North Broadway
Crookston, MN 56716




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##### 



BUSINESS LOAN AGREEMENT
 Principal
    
    Loan Date
    
    Maturity
    
    Loan No
    
    Call/Coll
    
    Account
    
    Officer
    
    Initials$970,000.00
    
    
    03-09-2007
    
    
    
    03-06-2008
    
    
    
    8000845380
    
    
    
    
    
    
    
    
    
    
    PBlake
 
 Borrower:
    
    Agassiz Energy, LLC (TIN:
80-0130330)
    
    
    
    Lender:
    
    American Federal Bank510 County Road 71
    
    
    
    
    
    215 North 5th StrCrookston, MN 56716
    
    
    
    
    
    Fargo, ND 58102
 THIS BUSINESS LOAN AGREEMENT dated March 9, 2007, is made and executed between Agassiz Energy, LLC
(Borrower) and American Federal Bank (Lender)
on the following terms and conditions. Borrower
has received prior commercial loans from Lender or has applied to Lender for a commercial loan or
loans or other financial accommodations, including those which may be described on any exhibit or
schedule attached to this Agreement (Loan). Borrower understands and agrees that: (A) In
granting, renewing, or extending any Loan, Lender is relying upon Borrowers representations,
warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending
of any Loan by Lender at all times shall be subject to Lenders sole judgment and discretion; and
(C) all such Loans shall be and remain subject to the terms and
conditions of this Agreement.
 TERM
 ADVANCE AUTHORITY. Donald Sergeant, President of Agassiz
Energy LLC; Larry Altringer, Treasurer of Agassiz Energy LLC; and Wayne Wagner, Vice President of
Agassiz Energy LLC.
 CONDITIONS PRECEDENT TO EACH ADVANCE.
 Loan Documents.
 Borrowers Authorization.
 Payment of Fees and Expenses.
 Representations and Warranties.
 No Event of Default.
 REPRESENTATIONS AND WARRANTIES.
 Organization.
 Assumed Business Names. None.
 Authorization.
 Properties.
 AFFIRMATIVE
COVENANTS.
 Notices of Claims and Litigation.
 Financial Records.
 Financial
Statements.
 Annual Statements.
 Tax Returns.




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##### 



BUSINESS LOAN AGREEMENT
(Continued)
 Loan No: 8000845380
    
    Page 2
  Loan
Proceeds.
 Taxes, Charges and Lines.
 Performance.
 Operations.
 Compliance with Governmental Requirements.
 Inspection.
 LENDERS EXPENDITURES.
 NEGATIVE COVENANTS.
 Continuity of Operations.
 Agreements.
 CESSATION OF ADVANCES.
 RIGHT OF SETOFF.
 DEFAULT.
 Payment Default.
 Other Default.
 False Statements.
 Death or Insolvency.
 Creditor or Forfeiture Proceedings.
 Events
Affecting Guarantor.




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##### 



BUSINESS LOAN AGREEMENT
(Continued)
 Loan No: 8000845380
    
    Page 3
 Insecurity.
 EFFECT OF AN EVENT OF DEFAULT.
 DEFINITIONS.
 Advance.
 Agreement.
 Borrower.
 Collateral.
 Event of Default.
 GAAP.
 Grantor.
 Guarantor.
 Guaranty.
 Indebtedness.
 Lender.
 Loan.
 Note.
 Related Documents.
 Security Agreement.
 Security
Interest.




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##### 



BUSINESS
LOAN AGREEMENT
 Loan No: 8000845380
    
    (Continued)
    
    Page 4
    By:
    
    Donald Sargeant, President of Agassiz Energy, LLC
    
    By:
    
    /s/ Larry Altringer

Larry Altringer, Treasurer of Agassiz Energy, LLCBy:
    
    /s/ Wayne Wagner
 Wayne
Wagner, Vice President of Agassiz Energy, LLCLENDER:AMERICAN FEDERAL BANKBy:
    
    /s/  P. Blake
 Authorized
Signer




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##### 



PROMISSORY NOTE
 Principal
    
    Loan Date
    
    Maturity
    
    Loan No
    
    Call/Coll
    
    Account
    
    Officer
    
    Initials$970,000.000
    
    
    03-09-2007
    
    
    
    03-06-2008
    
    
    
    8000845380
    
    
    
    
    
    
    
    
    
    
    PBlake
 
 Borrower:
    
    Agassiz Energy, LLC (TIN: 80-0130330)
    
    
    
    Lender:
    
    American Federal Bank510 County Road 71
    
    
    
    
    
    215 North 5th StrCrookston, MN 56716
    
    
    
    
    
    Fargo, ND 58102
 Principal Amount: $970,000.00
    
    Interest Rate: 7.000%
    
    Date of Note: March 9, 2007
 PROMISE TO PAY.
 PAYMENT.
 PREPAYMENT.
 LATE CHARGE. 5.000% of the unpaid
portion of the regularly scheduled payment.
 INTEREST AFTER DEFAULT.
 DEFAULT
 Payment Default.
 Other Defaults.
 False Statements.
 Death or Insolvency.
 Creditor
or Forfeiture Proceeding.
 Events Affecting Guarantor.
 Adverse Change.
 Insecurity.
 Cure Provisions.
 LENDERS RIGHTS.
 ATTORNEYS FEES; EXPENSES.
 GOVERNING LAW. With respect to interest (as defined by federal law) this Note will be governed by
federal law applicable to Lender and, to




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##### 



PROMISSORY NOTE
 Loan No: 8000845380
    
    (Continued)
    
    Page 2
 the extent not preempted by federal law, the laws of the State of North Dakota without regard to
its conflicts of laws provisions. In all other respects, this Note will be governed by federal law
applicable to Lender and, to the extent not preempted by federal law, the laws of the State of
Minnesota without regard to its conflicts of law provisions. The loan transaction that is evidenced
by this Note has been approved, made, and funded, and all necessary loan documents have been
accepted by Lender in the State of North Dakota.
 DISHONORED ITEM FEE.
 RIGHT OF SETOFF.
 COLLATERAL.
 LINE OF CREDIT. Donald Sargeant, President of
Agassiz Energy LLC; Larry Altringer, Treasurer of Agassiz Energy LLC; and Wayne Wagner, Vice
President of Agassiz Energy LLC.
 CREDIT REPORTING NOTICE.
 SUCCESSOR INTERESTS.
 NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES.
 GENERAL PROVISIONS.
 SECTION DISCLOSURE.
 PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THE NOTE. BORROWER
AGREES TO THE TERMS OF THE NOTE.
 BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.
 BORROWER:
 AGASSIZ ENERGY, LLCBy:
    
    
    
    
    
    By:
    
    /s/ Larry AltringerDonald Sargeant, President of Agassiz Energy, LLC
    
    
    
    
    
    Larry Altringer, Treasurer of Agassiz Energy, LLCBy:
    
    /s/ Wayne WagnerWayne Wagner, Vice President of Agassiz Energy,
LLC




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##### 



PROMISSORY NOTE
 Principal
    
    Loan Date
    
    Maturity
    
    Loan No
    
    Call/Coll
    
    Account
    
    Officer
    
    Initials$970,000.000
    
    
    03-09-2007
    
    
    
    03-06-2008
    
    
    
    8000845380
    
    
    
    
    
    
    
    
    
    
    PBlake
 
 Borrower:
    
    Agassiz Energy, LLC (TIN: 80-0130330)
    
    
    
    Lender:
    
    American Federal Bank510 County Road 71
    
    
    
    
    
    215 North 5th StrCrookston, MN 56716
    
    
    
    
    
    Fargo, ND 58102
 Principal Amount: $970,000.00
    
    Interest Rate: 7.000%
    
    Date of Note: March 9, 2007
 PROMISE TO PAY.
 PAYMENT.
 PREPAYMENT.
 LATE CHARGE. 5.000% of the unpaid
portion of the regularly scheduled payment.
 INTEREST AFTER DEFAULT.
 DEFAULT
 Payment Default.
 Other Defaults.
 False Statements.
 Death or Insolvency.
 Creditor
or Forfeiture Proceeding.
 Events Affecting Guarantor.
 Adverse Change.
 Insecurity.
 Cure Provisions.
 LENDERS RIGHTS.
 ATTORNEYS FEES; EXPENSES.
 GOVERNING LAW. With respect to interest (as defined by federal law) this Note will be governed by
federal law applicable to Lender and, to




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##### 



PROMISSORY NOTE
 Loan No: 8000845380
    
    (Continued)
    
    Page 2
 the extent not preempted by federal law, the laws of the State of North Dakota without regard to
its conflicts of laws provisions. In all other respects, this Note will be governed by federal law
applicable to Lender and, to the extent not preempted by federal law, the laws of the State of
Minnesota without regard to its conflicts of law provisions. The loan transaction that is evidenced
by this Note has been approved, made, and funded, and all necessary loan documents have been
accepted by Lender in the State of North Dakota.
 DISHONORED ITEM FEE.
 RIGHT OF SETOFF.
 COLLATERAL.
 LINE OF CREDIT. Donald Sargeant, President of
Agassiz Energy LLC; Larry Altringer, Treasurer of Agassiz Energy LLC; and Wayne Wagner, Vice
President of Agassiz Energy LLC.
 CREDIT REPORTING NOTICE.
 SUCCESSOR INTERESTS.
 NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES.
 GENERAL PROVISIONS.
 SECTION DISCLOSURE.
 PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THE NOTE. BORROWER
AGREES TO THE TERMS OF THE NOTE.
 BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.
 BORROWER:
 AGASSIZ ENERGY, LLCBy:
    
    /s/ Donald Sargeant
    
    
    
    By:
    
    /s/ Larry AltringerDonald Sargeant, President of Agassiz Energy, LLC
    
    
    
    
    
    Larry Altringer, Treasurer of Agassiz Energy, LLCBy:
    
    /s/ Wayne WagnerWayne Wagner, Vice President of
Agassiz Energy, LLC




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##### 



ASSIGNMENT OF DEPOSIT ACCOUNT
 Principal
    
    Loan Date
    
    Maturity
    
    Loan No
    
    Call / Coll
    
    Account
    
    Officer
    
    Initials$970,000.000
    
    
    03-09-2007
    
    
    
    03-06-2008
    
    
    
    8000845380
    
    
    
    
    
    
    
    
    
    
    PBlake
 
 Grantor:
    
    Agassiz Energy, LLC (TIN: 80-0130330
    
    
    
    Lender:
    
    American Federal Bank510 County Road 71
    
    
    
    
    
    215 North 5th StrCrookston, MN 56716
    
    
    
    
    
    Fargo, ND 58102
 THIS ASSIGNMENT OF DEPOSIT ACCOUNT dated March 9, 2007, is made and executed between Agassiz
Energy, LLC (Grantor) and American Federal Bank (Lender).
 ASSIGNMENT.
 COLLATERAL DESCRIPTION.
 CD Account Number 8000845360 with Lender with an approximate balance of $970,000.00
  CROSS-COLLATERALIZATION.
 RIGHT OF SETOFF.
 GRANTORS
REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL.
 Ownership.
 Right to Grant Security Interest.
 No Prior Assignment.
 Limitations on Obligations of Lender.
 Default.
 Payment Default.
 Other Default.
 False Statements.
 Insolvency.
 Creditor or Forfeiture Proceedings.
 Events Affecting Guarantor.
 Adverse Change.
 Insecurity.
 Cure Provisions.
 Rights and Remedies on Default.




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##### 



ASSIGNMENT OF DEPOSIT ACCOUNT
 Loan No: 8000845380
    
    (Continued)
    
    Page 2
 Accelerate Indebtedness.
 Application of Account Proceeds.
 Transfer Title.
 Other Rights and Remedies.
 Deficiency Judgment.
 Election of Remedies.
 Cumulative Remedies.
 Miscellaneous Provisions.
 Definitions.
 Account.
 Agreement.
 Borrower.
 Collateral.
 Event of Default.
 Grantor.
 Guaranty.
 Indebtedness.
 Lender.
 Note.
 Related Document.




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##### 



ASSIGNMENT OF DEPOSIT ACCOUNT
 Loan No: 8000845380
    
    (Continued)
    
    Page 3
 GRANTOR HAS READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS ASSIGNMENT OF DEPOSIT ACCOUNT AND AGREES
TO ITS TERMS. THIS AGREEMENT IS DATED MARCH 9, 2007.
 GRANTOR:
 AGASSIZ ENERGY, LLC
 By:
    
    
    
    
    
    By:
    
    /s/ Larry AltringerDonald Sargeant, President of Agassiz Energy, LLC
    
    
    
    
    
    Larry Altringer, Treasurer of Agassiz Energy, LLCBy:
    
    /s/ Wayne WagnerWayne Wagner, Vice President of Agassiz Energy, LLC




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##### 



Number:
 COLLATERAL RECEIPT
 Principal
    
    
    Loan Date
    
    
    Maturity
    
    
    Loan No
    
    
    Call/Coll
    
    
    Account
    
    
    Officer
    
    
    Initials$970,000.00
    
    
    03-09-2007
    
    
    03-06-2008
    
    
    8000845380
    
    
    
    
    
    
    
    
    PBlakeReferences 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.
 Grantor:
    
    Agassiz Energy, LLC (TIN: 80-0130330)
510 County Road 71
Crookston, MN 56716
    
    Lender:
    
    American Federal Bank
215 North 5th Str
Fargo, ND 58102
 Description of Collateral
    
    
    Custody Control
    

    Date ReleasedSignaturesCD Account Number 8000845360 with Lender with anapproximate balance of $970,000.00
  Initial Delivery Acknowledgments:Grantor:(Grantors Signature)American Federal BankBy:
    
    /s/  P. Blake(Authorized Officer)
 Return Receipt Acknowledgment:
 Grantor acknowledges the receipt of all
collateral, including all unmatured
Coupons, if any.
 X(Grantors Signature)
 Instructions for Returning Collateral and Disposition of Coupons:




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##### 



LIMITED LIABILITY COMPANY RESOLUTION TO BORROW / GRANT
 COLLATERAL
 Principal
    
    
    Loan Date
    
    
    Maturity
    
    
    Loan No
    
    
    Call/Coll
    
    
    Account
    
    
    Officer
    
    
    Initials$970,000.00
    
    
    03-09-2007
    
    
    03-06-2008
    
    
    8000845380
    
    
    
    
    
    
    
    
    PBlakeReferences 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.
 Company:
    
    Agassiz Energy, LLC (TIN: 80-0130330)
510 County Road 71
Crookston, MN 56716
    
    Lender:
    
    American Federal Bank
215 North 5th Str
Fargo, ND 58102
 
 WE, THE UNDERSIGNED, DO HEREBY CERTIFY THAT:
 THE COMPANYS EXISTENCE.
 RESOLUTIONS ADOPTED. February 27, 2007,
 MEMBERS.
 NAMES
    
    TITLES
    
    AUTHORIZED
    
    
    
    ACTUAL SIGNATURESDonald Sargeant
    
    President
    
    Y
    
    XLarry Altringer
    
    Treasurer
    
    Y
    
    X
    
    /s/ Larry AltringerWayne Wagner
    
    Vice President
    
    Y
    
    X
    
    /s/ Wayne Wagner
 ACTIONS AUTHORIZED.
 Borrow Money. Nine Hundred Seventy Thousand & 00/100 Dollars ($970,000.00)
 Execute Notes.
 Grant Security.
 Execute Security Documents.
 Negotiate Items.
 Further Acts. Donald Sargeant, President of Agassiz Energy, LLC; Larry Altringer, Treasurer
of Agassiz Energy, LLC; and Wayne Wagner, Vice President of Agassiz Energy, LLC.




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##### 



LIMITED
LIABILITY COMPANY RESOLUTION TO BORROW / GRANT COLLATERAL
 Loan No: 8000845380
    
    (Continued)
    
    Page 2
 ASSUMED BUSINESS NAMES. None.
 NOTICES TO LENDER.
 CERTIFICATION CONCERNING MEMBERS AND RESOLUTIONS.
 CONTINUING VALIDITY.
 IN TESTIMONY WHEREOF, we have hereunto set our hand and attest that the signatures set opposite the
names listed above are their genuine signatures.
 We each have read all the provisions of this Resolution, and we each personally and on behalf of
the company certify that all statements and representations made in this Resolution are true and
correct. This Limited Liability Company Resolution to Borrow / Grant Collateral is dated February 27,
2007.
 CERTIFIED TO AND ATTESTED BY:
 xDonald Sargeant, President of Agassiz Energy, LLCx
    
    /s/ Larry AltringerLarry Altringer, Treasure of Agassiz Energy, LLCx
    
    /s/ Wayne WagnerWayne Wagner, Vice President of
Agassiz Energy, LLC




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##### 



DISBURSEMENT REQUEST AND AUTHORIZATION
 Principal
    
    Loan Date
    
    Maturity
    
    Loan No
    
    Call / Coll
    
    Account
    
    Officer
    
    Initials$970,000.00
    
    
    03-09-2007
    
    
    
    03-06-2008
    
    
    
    8000845380
    
    
    
    
    
    
    
    
    
    
    PBlake
 
 Borrower:
    
    Agassiz Energy, LLC (TIN: 80-0130330
    
    
    
    Lender:
    
    American Federal Bank510 County Road 71
    
    
    
    
    
    215 North 5th StrCrookston, MN 56716
    
    
    
    
    
    Fargo, ND 58102
 LOAN TYPE.
 PRIMARY PURPOSE OF LOAN.
 o Maintenance of Borrowers Primary Residence.  o Personal, Family or Household Purposes or Personal Investment.  o Agricultural Purposes.  þ Business Purposes.
 SPECIFIC PURPOSE.
 DISBURSEMENT INSTRUCTIONS.
 Undisbursed Funds:
    
    $
    970,000.00Note Principal:
    
    $
    970,000.00
 FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO LENDER THAT
THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO MATERIAL ADVERSE
CHANGE IN BORROWERS FINANCIAL CONDITION AS DISCLOSED IN BORROWERS MOST RECENT FINANCIAL STATEMENT
TO LENDER. THIS AUTHORIZATION IS DATED MARCH 9, 2007.
 BORROWER
 AGASSIZ ENERGY, LLC
 By:
    
    
    
    
    
    By:
    
    /s/ Larry AltringerDonald Sargeant, President of Agassiz Energy, LLC
    
    
    
    
    
    Larry Altringer, Treasurer of Agassiz Energy, LLCBy:
    
    /s/ Wayne WagnerWayne Wagner, Vice President
of Agassiz Energy, LLC
 [ILLEGIBLE]