Document:

Exhibit
4(j)

SIXTH
AMENDMENT

TO

LINE OF CREDIT LOAN AGREEMENT

THIS SIXTH AMENDMENT TO LINE OF CREDIT LOAN AGREEMENT
(“Sixth Amendment”) is dated July 5, 2007, to be made effective retroactive to
July 1, 2007, by and between M G P INGREDIENTS, INC. (“Company”) and COMMERCE
BANK, N.A. (“Bank”).

WHEREAS, Company and Bank entered into that certain
Line of Credit Loan Agreement dated November 25, 2003, as amended pursuant to
(i) that certain First Amendment to Line of Credit Loan Agreement dated
September 17, 2004, (ii) that certain Second Amendment to Line of Credit Loan
Agreement dated as of November 30, 2004, (iii) that certain Third Amendment to
Line of Credit Loan Agreement dated as of September 9, 2005, (iv) that certain
Fourth Amendment to Line of Credit Loan Agreement dated as of June 30, 2006,
and (v) that certain Fifth Amendment to Line of Credit Loan Agreement dated as
of December 28, 2006 (as previously amended, the “Loan Agreement”);

WHEREAS, pursuant to the terms of the Loan Agreement,
the Line of Credit matured on July 1, 2007, and all sums outstanding on such
date became due and payable in full; and

WHEREAS, Company desires to extend the maturity of and
amend the Line of Credit as hereinafter set forth.

NOW, THEREFORE, Company, and Bank agree as follows:

1.     Terms used herein, which
are defined in the Loan Agreement, shall have the meanings given to them in the
Loan Agreement.

2.     The first sentence to
Section 1.3 of the Loan Agreement is hereby amended to read in its entirety as
follows:

The Line of Credit shall be evidenced by the Fifth
Amended and Restated Line of Credit Note in form and substance acceptable to
Bank (the “Line of Credit Note”).

3.     Section 1.4 of the Loan
Agreement is hereby amended to read in its entirety as follows:

Upon the occurrence of an Event of Default as defined
in Section 4.1, or on July 1, 2008, the outstanding principal balance of the
Line of Credit Note together with all accrued interest shall become immediately
due and payable in full.

4.     Except to the extent
specifically amended by this Sixth Amendment, the Loan Agreement shall remain
in full force and effect.

5.     ORAL AGREEMENTS OR
COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT
OF A DEBT, INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT, ARE NOT
ENFORCEABLE.  TO PROTECT YOU (BORROWER)
AND US (CREDITOR) FROM MISUNDERSTANDINGS OR DISAPPOINTMENTS, ANY AGREEMENTS WE
REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE
COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US EXCEPT AS WE MAY
LATER AGREE IN WRITING TO MODIFY IT.

BY SIGNING BELOW, YOU AND WE AGREE THAT THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN US.

6.     This Sixth Amendment shall
be governed by, and construed in accordance with, the laws of the State of Missouri.

IN WITNESS WHEREOF, the parties hereto have caused
this Sixth Amendment to be executed by their respective officers as of the date
written above.

	
  

  	
  M G P INGREDIENTS, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Ladd Seaberg

  
	
   

  	
  Title:

  	
   

  	
  Chairman & CEO

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Brian T. Cahill

  
	
   

  	
  Title:

  	
   

  	
  CFO

  
	
   

  	
   

  
	
   

  	
  COMMERCE BANK, N.A.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Wayne C. Lewis

  
	
   

  	
  Title:

  	
   

  	
  Vice President

  

 

 2Exhibit
4(k)

FIFTH
AMENDED AND RESTATED LINE OF CREDIT NOTE

	
  $20,000,000

  	
   

  	
  July 5, 2007

  
	
  Maximum Amount and Interest

  	
   

  	
  Kansas City, Missouri

  

 

FOR VALUE RECEIVED, the undersigned, M G P
INGREDIENTS, INC., a Kansas corporation (“Borrower”) hereby promises to pay to
the order of Commerce Bank, N.A. (“Bank”) at its offices in Kansas City,
Missouri, the aggregate unpaid principal amount and accrued interest of all
borrowings hereunder on July 1, 2008. 
The aggregate unpaid principal amount shall become immediately due and
payable, without demand or further action on the part of Bank, upon the
occurrence of an Event of Default as set forth in the Line of Credit Loan
Agreement dated November 25, 2003, as amended pursuant to (i) that certain First
Amendment to Line of Credit Loan Agreement dated September 17, 2004, by and
between Borrower and Bank, (ii) that certain Second Amendment to Line of Credit
Loan Agreement dated as of November 30, 2004, (iii) that certain Third
Amendment to Line of Credit Loan Agreement dated as of September 9, 2005, (iv)
that certain Fourth Amendment to Line of Credit Loan Agreement dated as of June
30, 2006, (v) that certain Fifth Amendment to Line of Credit Loan Agreement
dated as of December 28, 2006, and (iv) that certain Sixth Amendment to Line of
Credit Loan Agreement of even date herewith (as previously amended, the “Loan
Agreement”).

This Fifth Amended and Restated Line of Credit Note
shall bear interest at the per annum rates as set forth in the Loan Agreement.  Accrued interest shall be paid on the dates
provided therefore in the Loan Agreement and upon the due date and payment
(including prepayment) in full of the unpaid principal amount hereof.  Accrued interest shall be calculated on the
actual number of days outstanding based on a year consisting of 360 days.  After maturity (whether by acceleration or
otherwise), this Fifth Amended and Restated Line of Credit Note shall bear
interest at 3% in excess of the Prime Rate (as that term is defined in the Loan
Agreement), and if not paid monthly, such interest shall be compounded monthly.

So long as the Loan Agreement has not been terminated,
Borrower may, from the date of this Fifth Amended and Restated Line of Credit
Note until and including July 1, 2008, borrow, repay and reborrow sums, at any
one time outstanding, not to exceed $20,000,000.  Bank is authorized to endorse on the schedule
annexed hereto and made a part hereof, or on a continuation thereof, or to
otherwise record in a manner satisfactory to the Bank, appropriate notations
evidencing the date and amount of each advance, and the date and amount of each
payment, which endorsement or recording shall constitute prima facie evidence
of the accuracy of the information endorsed or recorded; provided, however,
that the failure to make such notations or recordings shall not affect the
obligations of Borrower under this Fifth Amended and Restated Line of Credit
Note or the Loan Agreement or affect the validity of any payment with respect
thereto.

Borrower hereby waives presentment, protest, demand
and notice of dishonor or default.

 

This Fifth Amended and Restated Line of Credit Note is
issued pursuant to the terms of the Loan Agreement, to which Loan Agreement,
and any amendments thereto, reference is hereby made for a statement of the
terms and conditions under which this borrowing was made, and is to be repaid.

IN WITNESS WHEREOF, Borrower has duly caused this
Fifth Amended and Restated Line of Credit Note to be executed and delivered as
of the date first written above.

	
  

  	
   

  	
  M G P INGREDIENTS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Ladd Seaberg

  
	
   

  	
   

  	
  Title:

  	
   

  	
  Chairman & CEO

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Brian T. Cahill

  
	
   

  	
   

  	
  Title:

  	
   

  	
  CFO

  

 

 2Exhibit
10(ss)

Guidelines for Issuance
of Fiscal 2008 Restricted Share Awards

Adopted by the Human Resources Committee of the Board of Directors

of MGP Ingredients, Inc.

RECITALS:

1.     MGP INGREDIENTS, INC. has adopted the Stock Incentive Plan of 2004
(the “Plan”).

2.     Under the provisions of Section 5 of the Plan, the Committee may
grant Stock Incentives in the form of Stock Awards.

3.     Under the provisions of the Plan, the Committee may provide for
Stock Awards in the form of restricted shares (herein “Restricted Shares”) to
such eligible persons as may be selected by the Committee in its discretion.

Pursuant to the authority
granted to it under the provisions of Section 13(c) of the Plan, the Committee
adopts the following guidelines with respect to the issuance in 2008 of Stock
Awards in the form of Restricted Shares.

A.   Terms of Awards of Restricted Shares.  Restricted Shares that may be awarded under
the Plan with respect to Fiscal 2008 will be subject to the following terms and
conditions.

(i)           Number of Shares.  The number of shares issuable to all Participants
pursuant to Stock Awards in the form of Restricted Shares shall be as determined
by the Committee, based upon the Performance Measure (growth in MEP during
Fiscal 2008 over MEP for the Fiscal Year of the Company ended July 1, 2007).
Subject to the number of shares available under the Plan, the maximum value of
Restricted Shares for the Fiscal Year for all Participants shall be $4,500,000
and the minimum value shall be $1,500,000. 
The target value shall be $3,000,000 of Restricted Shares.  The number of shares issuable will be
determined based on the Fair Market Value of a share of the Company’s common
stock on the date the Committee certifies the increase in MEP for Fiscal 2008
and approves the making of Stock Awards to Participants.  Until such time a Stock Award is so made to a
Participant by the Committee, the Participant will have no rights hereunder.

(ii)          Vesting.  Subject to the provisions of paragraphs C and
D of these Guidelines, Restricted Shares issued as Stock Awards under the Plan
shall vest (i.e., become owned by the Participant without a substantial risk of
forfeiture) only upon the Participant’s completion of five (5) full years of
employment with the Company, commencing on the first day of Fiscal 2009 and
ending on the last day of Fiscal 2013 (the “Restriction Period”).

 

(iii)         Performance Measure.  The Performance Measure shall be growth in
MEP.  “MEP” refers to Modified Economic
Profit and means net income from operations as reported on Form 10-K, net of
the effective income tax rate for the specified Fiscal Year (“NOPAT”), minus a
charge representing the weighted economic cost of capital to the Company (“C”)
multiplied by the sum of current assets (excluding cash) minus current liabilities
plus property, plant and equipment, net of depreciation, plus good will plus
other long term assets (“TC”).  The
formula for determining MEP is: MEP = NOPAT — (C x TC).  MEP for a Fiscal Year shall be based upon the
audited financial statements of the Company for the Fiscal Year; provided, the
Committee may determine whether the calculation of MEP should include or
exclude, in whole or in part, any unusual or non-recurring item or adjusted to
reflect any unusual or non-recurring item.

B.    Forfeiture.  Except as provided in paragraph C, if the
employment of the Participant to whom Restricted Shares has been issued
terminates for any reason prior to the end of the Restriction Period, such
Restricted Shares shall be immediately forfeited by such Participant and
cancelled by the Company.

C.    Further Conditions on Vesting and Forfeiture.

(i)           In the event of a Participant’s
death, Disability, Retirement or, in the sole discretion of the Committee,
involuntary termination of employment without cause, in any such case after
three years from the date of grant specified in the agreement evidencing the
Stock Award, the Restricted Shares issued to such Participant shall vest as to
the number of Restricted Shares issued to such Participant multiplied by a
fraction, the numerator of which shall equal the number of months (including
fractional months as full months) that such Participant was employed by the
Company, commencing as of the first day of the Restriction Period and ending on
the date of termination of employment, and the denominator of which shall be sixty.  The balance of Restricted Shares issued to
such Participant shall be forfeited by the Participant and cancelled by the
Company.

(ii)          Any Restricted Shares shall become
fully vested in the Participant in the event of a Change of Control, as defined
in the Plan.

(iii)         As used herein,  the term “Disability” shall mean the inability
of a Participant to perform substantially such Participant’s duties and
responsibilities due to a physical or mental condition that would entitle such Participant
to benefits under the Company’s Long-Term Disability Plan (or any successor to
the plan in effect on the date of adoption of these Guidelines) or, if no such
plan is in effect, such condition as would enable the Participant to receive an
award for permanent and total disability from the Social Security Administration,
and the term “Retirement” means the attainment by the Participant of age 62.

(iv)         The Committee’s determinations to
permit vesting in the event of involuntary terminations of employment without
cause need not be uniform and

 2
 

may be made selectively among participants, whether or
not such participants are similarly situated.

D.    Issuance of Restricted Shares.  After the Committee has approved the making
of a Stock Award, a certificate or certificates representing the number of
shares awarded as a Stock Award in the form of Restricted Shares shall be
issued from the Company’s treasury shares and registered in the Participant’s
name and may bear substantially the following legend:

“The shares
evidenced by this Certificate have been issued pursuant to the MGP Ingredients,
Inc. Stock Incentive Plan of 2004 and a related agreement (the “Agreement”)
between the Company and the registered holder. 
The holder’s rights are subject to the restrictions, terms and
conditions of the Plan and to the Agreement, which restricts the transfer of
the shares and subjects them to forfeiture to the Company under the
circumstances referred to in the Agreement. 
This legend may be removed when the holder’s rights to the shares vest
under the Agreement.”

All certificates so registered in the Participant’s
name shall be deposited with the Company, together with stock powers or other
instruments of assignment, each endorsed in blank with a guarantee of signature
deemed appropriate by the Company which would permit transfer to the Company of
all or a portion of the Restricted Shares in the event such award is forfeited
in whole or in part.  Upon vesting and
provision for taxes required to be withheld, such certificate or certificates
evidencing unrestricted ownership of the requisite number of shares of Common
Stock shall be delivered to the holder of such Stock Award.

E.    Rights with Respect to Restricted Shares.  The holder of an award of Restricted Shares
shall have the following rights of a stockholder of the Company: voting rights
and the right to receive dividends during any applicable Restriction Period.

F.    Non-Assignability.  Except as may be permitted by the Plan, until
they have vested, Restricted Shares may not, by operation of law or otherwise,
be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of
by the holder thereof or be subject to execution, attachment or other legal
process.

G.    Provisions of Plan Apply.  Even though not set forth herein or in any
related grant agreement, the provisions of the Plan applicable to Stock Awards,
including those relating to adjustment of Stock Awards, shall apply to
Restricted Shares.

H.    Taxes.  No certificates evidencing ownership of shares
shall be delivered to the holder of a Stock Award upon vesting until the holder
makes such provision as the Company deems appropriate for the payment of any
taxes which the Company may withhold in connection with the vesting of such
Stock Award.   Withholding taxes
resulting from vesting of Stock Awards may be settled with cash or shares of
the Company’s Common Stock in accordance with the following guidelines.

 3
 

 

(i)           Holders may deliver to the Company a
personal check satisfactory to the Company in the amount of the tax liability.

(ii)          Holders may elect to pay the tax
liability in shares of the Company’s Common Stock by directing the Company to
withhold from the number of shares to be delivered upon vesting that number of
shares equal to the amount of the tax liability divided by the fair market
value (as defined by the Plan) of one share of the Company’s common stock on
the date the tax to be withheld is to be determined (the “Tax Date”); or

(iii)         Holders may
elect to pay the tax liability in shares of the Company’s Common Stock by delivering to the Company good and
marketable title to that number of shares of Mature Stock (as defined in the
Plan) owned by the holder as shall equal the amount of the tax liability
divided by the fair market value of one share of the Company’s common stock on
the Tax Date.

(iv)         If a holder does not notify the Company
on or before the Tax Date as to the manner the holder wishes to provide for
withholding taxes, the Company may, without notice to the holder, satisfy its
withholding obligations as provided in clause (ii) above or any other manner
permitted by law.

(v)          No fractional shares will be issued in
connection with any election to satisfy a tax liability by paying in shares. The
balance of any tax liability representing a fraction of a share will be settled
in cash by the Participant.

(vi)         The amount of tax which may be
paid  pursuant to a stock payment
election under clause (ii), (iii) or (iv) above will be the Company’s minimum
required federal (including FICA and FUTA) and state withholding amounts at the
time of the election to pay the taxes with surrendered or withheld shares.

(vii)        The foregoing provisions  relating to the use of stock to satisfy
obligations may be unilaterally revised by the Committee from time to time to
conform the same to any applicable laws or regulations

The undersigned Secretary of MGP Ingredients Inc. does
hereby certify that the foregoing Guidelines were adopted by the Human
Resources Committee of the Board of Directors of the Company on September 4,
2007.

	
  

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Marta Myers

  
	
   

  	
   

  	
  Marta Myers, Secretary

  

 

 4

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