Exhibit 10.2
 MinnErgy, , LLC
    
    Winona National Bank8 N Front St NW
    
    204 Main St PO Box 499
    
    Loan Number
    
    71490PO Box 86
    
    Winona, MN 55987
    
    Date
    
    06/06/08Eyota MN 55934
    
    
    
    Maturity Date
    
    10/06/09Loan Amount
    
    $2,040,000.00Renewal Of
    
    71490BORROWERS NAME AND ADDRESS
    
    LENDERS NAME AND ADDRESSI includes each borrower
above, jointly and
severally.
    
    You means the lender, its successors and assigns.
 $2,040,000.00
 þ
    
    Single Advance: I will receive all of this principal sum on 06/06/08.
No additional advances are contemplated under this note.
 o
    
    Multiple Advance: The principal sum shown above is the
maximum amount of principal I can borrow under this note. On ____________
I will receive the amount of $__________________ and future principal advances are contemplated.
 Conditions: The conditions for future advances are
 o
    
    Open End Credit: You and I agree that I may borrow up to the maximum principal sum
more than one time This feature is subject to all other conditions and expires on
 ______________________________þ
    
    Closed End Credit: You and I agree that I may borrow (subject to all other conditions) up
to the maximum principal sum only one time.
 INTEREST:
    
    I agree to pay interest on the outstanding principal balance from JUNE 06, 2008
at the rate of 4.13% per year until OCTOBER 06, 2009.
 o
    
    Variable Rate: This rate may then change as stated below.
 o
    
    Index Rate: The future rate will be
    
    the following index rate:o
    
    No Index:The future rate will not be subject to any internal or external index. It will be entirely in your control.
 o
    
    Frequency and Timing: The rate on this note may change as often as
 A change in the interest rate will take effect
 o
    
    Limitations: During the term of this loan, the applicable annual interest rate will not be more than
 _______________ 
% or less than ____________%. The rate may not change more than ____________
% each ____________Effect of Variable Rate: A change in the interest rate will have the following effect on the payments:o
    
    The amount of each scheduled payment will change.
     
o The amount of the final payment will change.o
 ACCRUAL METHOD Actual/365
 POST MATURITY RATE
 þ
    
    on the same fixed or variable rate basis in effect before maturity (as indicated above).
 o
    
    at a rate equal to
 þ
    
    LATE CHARGE: If a payment is made more than
_____ days after it is due, I agree to pay a late charge of ____________
 þ
    
    ADDITIONAL CHARGES:In addition to interest, I agree to pay the following charges which o are
þ are not included in the principal amount Above: SEE DISBURSEMENT AUTHORIZATION
 þ
    
    AUTHORITY: The interest rate and other charges for this loan are authorized
by Winona National Bank
 PAYMENTS
 þ
    
    Interest: I agree to pay accrued interest Monthly Beginning  JULY 06, 2008
 þ
    
    Principal: I agree to pay the principal At Maturity  OCTOBER 06, 2009
 o
    
    Installments: I agree to pay this note in _______ payments.
The first payment will be in the amount of $__________________ and will be due A payment of
$__________________ will be due ___________________
thereafter. The final payment of the entire
unpaid balance of principal and interest will be due ____________________.
 PURPOSE RENEWAL OF NOTE USED TO PURCHASE LAND FOR CONSTRUCTION OF
ETHANOL PLANT  ADDITIONAL TERMS




---



##### 



SECURITY
 SECURITY INTEREST
 o Accounts and Other Rights to Payment
 o Inventory
 o Equipment
 o Instruments and Chattel Paper
 o General Intangibles ,
 o Documents
 o Farm Products and Supplies
 o Government Payments and Programs
 o Investment Property
 o Deposit Accounts
 þ
    
    Specific Property Description: The Property includes, but is not limited by, the following:
     1ST MORTGAGE ON 175 ACRE PROPERTY LOCATED IN SECTION 15, EYOTA
     TOWNSHIP IN OLMSTEAD COUNTY, MN
     PARCEL NOS #62.10.33.032684; 62.15.21.073955 AND 62.15.24.073956.
 If this agreement covers timber to be cut, enter real estate description and record owner information:
 o þ o o
 MINNESOTA
 ADDITIONAL TERMS OF THE SECURITY AGREEMENT
 GENERALLY
 NAME AND LOCATION
 OWNERSHIP AND DUTIES TOWARD PROPERTY




---



##### 



PURCHASE MONEY SECURITY INTEREST
 PAYMENTS BY LENDER
 INSURANCE
 WARRANTIES AND REPRESENTATIONS
  Date
    
    
    
    Signed
    REMEDIES
 PERFECTION OF SECURITY INTEREST
 ADDITIONAL TERMS OF THE NOTE
 DEFINITIONS
 APPLICABLE LAW
 PAYMENTS
 INTEREST




---



##### 



INDEX RATE
 POST MATURITY RATE
 SINGLE ADVANCE LOANS 2.
 MULTIPLE ADVANCE LOANS
 SET-OFF
 (1)
    
    any deposit account balance I have with you;(2)
    
    any money owed to me on an item presented to you or in your possession for collection or
exchange; and(3)
    
    any repurchase agreement or other nondeposit obligation.
    DEFAULT
 REMEDIES
 (1)
    
    You may demand immediate payment of all I owe you under this note (principal, accrued
unpaid interest and other accrued unpaid charges).(2)
    
    You may set off this debt against any right I have to the payment of money from you,
subject to the terms of the SET-OFF paragraph herein.(3)
    
    You may demand security, additional security, or additional parties to be obligated to pay
this note as a condition for not using any other remedy.(4)
    
    You may refuse to make advances to me or allow purchases on credit by me.(5)
    
    You may use any remedy you have under state or federal law.(6)
    
    You may make use of any remedy given to you in any agreement securing this note.
  COLLECTION COSTS AND ATTORNEYS FEES
 WAIVER
 (1)
    
    demand payment of amounts due (presentment);(2)
    
    obtain official certification of nonpayment (protest); or(3)
    
    give notice that amounts due have not been paid (notice of dishonor).
  OBLIGATIONS INDEPENDENT
 FINANCIAL INFORMATION
 SIGNATURES: I AGREE TO THE TERMS OF THIS NOTE (INCLUDING THOSE ON PAGES AND 2).
 MinnErgy, LLC/s/ Daniel H. ArnoldDANIEL H. ARNOLD, CHAIR. OF THE BOARD
 SIGNATURE FOR LENDER:
    
    /s/ David L. Vaselaar
     David L. Vaselaar
     SVP/Commercial Banking Manager