1. **Amendments to Credit Agreement**. The Credit Agreement is amended as of the Effective Dateas follows:1.1 Section 9.18 is amended in its entirety to read as follows:          9.18 Trademarks, Trade Names, etc**.** Borrower owns or licenses all patents,trademarks, trade names, service marks and copyrights (collectively, “**IntellectualProperty**”) that it utilizes in its business as presently being conducted and as anticipatedto be conducted, except where the failure to do so could not reasonably be expected toresult in a Material Adverse Effect on Borrower. The Intellectual Property is in full forceand effect, and Borrower has taken or caused to be taken all action, necessary to maintainthe Intellectual Property in full force and effect and has not taken or failed to take orcause to be taken any action which, with the giving of notice, or the expiration of time, orboth, could result in any such Intellectual Property being revoked, invalidated, modified,or limited.     2. **Conditions to Effectiveness of this Fourth Amendment.**The effectiveness of this FourthAmendment is subject to satisfaction, in the Administrative Agent’s sole discretion, of each of thefollowing conditions precedent (the date on which all such conditions precedent are so satisfied(except those that may be satisfied at a later date) shall be the “**Effective Date**”):     2.1 **Delivery of Executed Loan Documents.**Borrower and the Required Lenders shall havedelivered to the Administrative Agent, for the benefit of, and for delivery to, the AdministrativeAgent and the Syndication Parties, this Fourth Amendment (or their approval thereof, in the case ofVoting Participants), duly executed.     2.2 **Representations and Warranties.**The representations and warranties of Borrower in theCredit Agreement shall be true and correct in all material respects on and as of tile EffectiveDate as though made on and as of such date.     2.3 **No Event of Default.**No Event of Default shall have occurred and be continuing under theCredit Agreement as of the Effective Date of this Fourth Amendment.     2.4 **Payment of Fees and Expenses.**Borrower shall have paid the Administrative Agent, by wiretransfer of immediately available federal funds all fees and expenses presently due under theCredit Agreement (as amended by this Fourth Amendment).     3. **General Provisions**.     3.1 **No Other Modifications.**The Credit Agreement, as expressly modified herein, shall continuein full force and effect and be binding upon the parties thereto.     3.2 **Successors and Assigns.**This Fourth Amendment shall be binding upon and inure to thebenefit of Borrower, Agent, and the Syndication Parties, and their respective successors
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and assigns, except that Borrower may not assign or transfer its rights or obligationshereunder without the prior written consent of all the Syndication Parties.     3.3 **Definitions.**Capitalized terms used, but not defined, in this Fourth Amendment shall havethe meaning set forth in the Credit Agreement.     3.4 **Severability**. Should any provision of this Fourth Amendment be deemed unlawful orunenforceable, said provision shall be deemed several and apart from all other provisions of thisFourth Amendment and all remaining provision of this Fourth Amendment shall be fully enforceable.     3.5 **Governing Law.**To the extent not governed by federal law, this Fourth Amendment and therights and obligations of the parties hereto shall be governed by, interpreted and enforced inaccordance with the laws of the State of Colorado.     3.6 **Headings**. The captions or headings in this Fourth Amendment are for convenience only andin no way define, limit or describe the scope or intent of any provision of this Fourth Amendment.     3.7 **Counterparts**. This Fourth Amendment may be executed by the parties hereto in separatecounterparts, each of which, when so executed and delivered, shall be an original, but all suchcounterparts shall together constitute one and the same instrument. Each counterpart may consistof a number of copies hereof, each signed by less than all, but together signed by all of theparties hereto. Copies of documents or signature pages bearing original signatures, and executeddocuments or signature pages delivered by a party by telefax, facsimile, or e-mail transmission ofan Adobe® file format document (also known as a PDF file) shall, in each such instance, be deemedto be, and shall constitute and be treated as, an original signed document or counterpart, asapplicable. Any party delivering an executed counterpart of this Fourth Amendment by telefax,facsimile, or e-mail transmission of an Adobe® file format document also shall deliver an originalexecuted counterpart of this Fourth Amendment, but the failure to deliver an original executedcounterpart shall not affect the validity, enforceability, and binding effect of this FourthAmendment.     IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment to be executed as ofthe Effective Date.[Signature Pages Follow]
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         **BORROWER:**           CHS INC., a cooperative corporation formed under thelaws of the State of Minnesota           By:             Name: John Schmitz    Title: Executive Vice President and Chief FinancialOfficer           **ADMINISTRATIVE AGENT:**           COBANK, ACB           By:             Name: Michael Tousignant    Title: Vice President           **SYNDICATION PARTIES:**           CoBank, ACB           By:             Name: Michael Tousignant    Title: Vice President           The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch           By:             Name:      Title:    [Signature Page to Fourth Amendment to Credit Agreement]
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         SunTrust Bank           By:           Name:      Title:             Bank of America, N.A.           By:           Name:      Title:             Wells Fargo Bank, National Association           By:           Name:      Title:             BNP Paribas           By:           Name:      Title:             By:           Name:      Title:    [Signature Page to Fourth Amendment to Credit Agreement]
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         Harris N. A.           By:           Name:      Title:             Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank International”New York Branch           By:           Name:      Title:             By:           Name:      Title:             Deere Credit, Inc.           By:           Name:      Title:             U.S. Bank National Association           By:           Name:      Title:    [Signature Page to Fourth Amendment to Credit Agreement]
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         Natixis (f/k/a Natexis Banques Populaires)           By:           Name:      Title:             By:           Name:      Title:             Fortis Capital Corp.           By:           Name:      Title:             By:           Name:      Title:             The Bank of Nova Scotia           By:           Name:      Title:         [Signature Page to Fourth Amendment to Credit Agreement]
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         Calyon New York Branch           By:           Name:      Title:             By:           Name:      Title:             National City Bank (successor by merger to National City Bank of Indiana           By:           Name:      Title:             M&I Marshall & Ilsley Bank           By:           Name:      Title:             By:           Name:      Title:             Farm Credit Services of America, PCA           By:           Name: Steven L. Moore    Title: Vice President  [Signature Page to Fourth Amendment to Credit Agreement]
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         ING Capital LLC           By:           Name:      Title:             Comerica Bank           By:           Name:      Title:             AgStar Financial Services, PCA           By:           Name:      Title:             HSH Nordbank AG New York Branch           By:           Name:      Title:             By:           Name:      Title:         [Signature Page to Fourth Amendment to Credit Agreement]
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         Société Générale           By:           Name:      Title:             Wachovia Bank, National Association           By:           Name:      Title:             AgFirst Farm Credit Bank           By:           Name:      Title:             U.S. AgBank           By:           Name:      Title:             LaSalle Bank National Association           By:           Name:      Title:    [Signature Page to Fourth Amendment to Credit Agreement]
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