Document:

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                                ESCROW AGREEMENT

         This Escrow Agreement ("Agreement") is made this 24 day of April, 2002,
by and between Western Plains Energy, L.L.C., a Kansas limited liability company
("Western Plains Energy"), and First National Bank Trust Department of Goodland,
a nationally chartered banking corporation, with an office located in Goodland,
Kansas ("Escrow Agent").

                                R E C I T A L S:

         A. Western Plains Energy was formed for the purpose of investing funds
in an ethanol plant to be located in Gove County, Kansas.

         B. Western Plains Energy intends to sell Class A and B capital units in
accordance with the terms and conditions of a Prospectus.

         C. Pursuant to the terms and conditions of the Prospectus, Western
Plains Energy has committed to escrow the proceeds of the Class A and B capital
units sold to investors.

         D. Escrow Agent is willing to hold the escrow account and serve as
Escrow Agent, in accordance with the terms and conditions provided in this
Escrow Agreement.

         E. Escrow Agent and Western Plains Energy previously entered into a
Escrow Agreement, dated November 30, 2001, and intend for this Agreement to
replace that agreement in its entirety, including all rights and obligations of
the parties provided in that agreement, except that all fees previously paid by
Western Plains Energy under that agreement shall be applied to fees owed under
this Agreement.

         NOW, THEREFORE, the parties agree as follows:

         1. ESTABLISHMENT OF ESCROW ACCOUNT. Western Plains Energy shall open
and maintain an escrow account with Escrow Agent. The escrow account shall be an
interest bearing account, and shall earn interest at the rate offered from time
to time by Escrow Agent.

         2. ESCROW ACCOUNT AUTHORIZATIONS. Only officers of the Escrow Agent
shall be entitled to withdraw funds from the escrow account as provided herein.
Western Plains Energy shall deliver to Escrow Agent for deposit in the escrow
account all funds checks, bank money orders, etc., received by Western Plains
Energy from the sale of Class A and B capital units. All checks, bank money
orders, etc. shall be made payable to "Western Plains Energy Escrow Account."
Western Plains Energy shall deliver to Escrow Agent with each investor's funds,
the investor's name, address and amount of investment. Escrow Agent shall
maintain this information in its records for the purpose of returning to each
investor the investor's funds in the event that the minimum equity offering of
$15,735,000.00 is not subscribed by March 31, 2003, as provided in Paragraph 4
of this Agreement.

         3. INVESTMENT OF DEPOSITED FUNDS. The Escrow Agent shall invest all
funds received and deposited in the Escrow Account in (i) United States
government securities; (ii) United States government agency securities; or (iii)
certificates of deposit issued by banks or savings institutions whose deposits
are insured by the Federal Deposit Insurance Corporation. Any investment of
deposited funds must be made in recognition that offering proceeds must be able
to be transmitted promptly to Western Plains Energy or the investors if the
stated condition are met. The following securities are not permissible as
investments: (1) money market funds; (2)

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corporate equity or debt securities; (3) repurchase agreements; (4) bankers
acceptance; (5) commercial paper; and (6) municipal securities.

         4. WITHDRAWALS FROM ESCROW ACCOUNT. Western Plains Energy shall not
withdraw funds from the Escrow Account for use by Western Plains Energy prior to
the time that the following conditions are met (the "Release Conditions"): (a)
Western Plains Energy closes the offering and has obtained signed Subscription
Agreements for sales of Class A and B capital units totaling at least
$15,735,000.00; (b) Western Plains Energy has obtained a commitment letter for
financing construction and operation of the ethanol plant; (c) there shall
not be any legal orders prohibiting the offering, or orders from the United
States Securities and Exchange Commission revoking the effectiveness of the
Registration Statement related to the offering; and (d) Western Plains Energy
has obtained the written consent of the Kansas Securities Commissioner
authorizing that funds be released from escrow, as required by Kansas
Administrative Regulations Section 81-7-1(e)(4)(6).

         5. TERMINATION OF ESCROW ACCOUNT. At such time as Western Plains Energy
has met the Release Conditions, which shall be completed by March 31, 2003,
Western Plains Energy's Board of Managers shall adopt a resolution instructing
the Escrow Agent to terminate the Escrow Account and transfer all funds to other
accounts maintained by Western Plains Energy. In the event that Western Plains
Energy has not met the Release Conditions by March 31, 2003, then Western Plains
Energy shall instruct the Escrow Agent to return to the investors all funds from
the sale of Class A and B capital units held in the Escrow Account. Escrow Agent
shall return to Western Plains Energy all interest earned on funds deposited in
the Escrow Account, less any fees and expenses owed Escrow Agent by Western
Plains Energy hereunder.

         6. ESCROW AGENT'S RELIANCE. Escrow Agent shall be under no duty or
responsibility to make any inquiry or investigation as to the accuracy,
adequacy, and shall be entitled to assume conclusively, correctness and
completeness of any and all information given in any affidavit, statement, or
other paper received by Escrow Agent under this Escrow Agreement, including, but
not limited to the Prospectus. Escrow Agent shall be entitled to rely upon any
notice, request, affidavit, approval, statement, consent or other paper believed
by Escrow Agent to be genuine and to have been signed by the proper party or
parties.

         7. HOLD HARMLESS. Escrow Agent shall not be liable to Western Plains
Energy and/or any investor for any error of judgment, or for any act done or
step taken or omitted by it in good faith, or for any mistake of fact or law, or
for anything which it may do or refrain from doing in connection herewith,
excepting only its own intentional and deliberate misconduct.

         8. INDEMNIFICATION. Western Plains Energy agrees to defend, indemnify
and hold Escrow Agent harmless from and against any and all claims, actions,
judgments, losses, liabilities, obligations, damages, charges, costs, and
expenses of any nature whatsoever, including, without limitation, reasonable
attorneys' fees and expenses incurred by Escrow Agent (including such fees and
expenses incurred in any litigation by or against any of the parties to this
Escrow Agreement under this paragraph 8), arising directly or indirectly from,
out of or incident to this Escrow Agreement, excepting only those accruing as a
result of Escrow Agent's own intentional and deliberate misconduct.

                                       2
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         9. ESCROW AGENT'S FEES. Escrow Agent shall be entitled to charge
Western Plains Energy a fee for providing services hereunder in accordance with
the terms of Exhibit A attached hereto and incorporated herein by reference.

         10. TIME. Time is of the essence of this Agreement.

         11. APPLICABLE LAW. The interpretation and enforcement of this
Agreement shall be governed by the laws of the State of Kansas.

         12. BINDING EFFECT. This Agreement shall be binding upon the parties
and their respective successors and assigns.

         IN WITNESS WHEREOF, the parties have hereunto signed this Agreement.

WESTERN PLAINS ENERGY, L.L.C.                FIRST NATIONAL BANK TRUST
                                             DEPARTMENT OF GOODLAND

By /s/ Jeff Torluemke                        By /s/ Jerry Fairbanks
   ----------------------------                 -----------------------------
   Its  President                                Its  Senior Trust Officer
       ------------------------                      ------------------------

                                       3<Page>

  THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT
                LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING

                      CONTRACT TO BUY AND SELL REAL ESTATE

                                  AGRICULTURAL

                                                               DECEMBER 21, 2001
                                                                            Date

                              PARTIES AND PROPERTY

      1. Cheryl L. Madison and Michael C. Madison, wife and husband and Cindy L.
Tustin, Trustee of the Cindy L. Tustin Trust, U/T/A dated January 20, 1999,
Sellers (Seller), agree to sell to Western Plains Energy, L.L.C., a Kansas
Limited Liability Company, with its principal place of business located in Gove
County, Kansas, as Buyer (Buyer) and Buyer agrees to purchase, on the terms and
conditions set forth in this Contract, the following described real estate in
the County of Gove, State of Kansas, to-wit:

      A TRACT OF LAND LOCATED IN THE SOUTH HALF (S1/2) OF SECTION ONE (S01),
      TOWNSHIP ELEVEN SOUTH (T11S), RANGE THIRTY-ONE WEST (R31W) OF THE SIXTH
      PRINCIPAL MERIDIAN (6TH P.M.), IN GOVE COUNTY, KANSAS, MORE PARTICULARLY
      DESCRIBED AS FOLLOWS:

      BEGINNING AT THE SOUTHWEST CORNER OF SAID SECTION, THENCE, ON AN ASSUMED
      BEARING OF N00(0)18'21"W, ALONG THE WEST LINE OF SAID SECTION, A DISTANCE
      OF ONE THOUSAND EIGHT HUNDRED SEVENTY-FIVE AND FIFTY-FIVE HUNDREDTHS
      (1875.55) FEET TO THE SOUTH RIGHT-OF-WAY BOUNDARY OF THE UNION PACIFIC
      RAILROAD, THENCE N88(0)48'41"E, ALONG SAID RAILROAD RIGHT-OF-WAY, FOR A
      DISTANCE OF TWO HUNDRED NINETY-NINE AND EIGHTY-THREE HUNDREDTHS (299.83)
      FEET, THENCE EAST-NORTHEASTERLY, ALONG SAID RAILROAD RIGHT-OF-WAY, ON A
      CIRCULAR CURVE TO THE LEFT (ARC ANGLE = 01(0)16'41" LT; RADIUS = 17304.17
      FT.; LONG CHORD BEARING = N88(0)11'07"E), FOR A DISTANCE OF THREE HUNDRED
      EIGHTY-FIVE AND NINETY-NINE HUNDREDTHS (385.99) FEET, THENCE
      N87(0)32'00"E, ALONG SAID RIGHT-OF-WAY, FOR A DISTANCE OF TWO THOUSAND
      FOUR HUNDRED TWELVE AND EIGHTY-THREE HUNDREDTHS (2412.83) FEET, THENCE
      S00(0)08'11"E FOR A DISTANCE OF ONE THOUSAND NINE HUNDRED NINETY-SEVEN AND
      SEVENTY-FIVE HUNDREDTHS (1997.75) FEET TO THE SOUTH LINE OF SAID SECTION,
      THENCE S89(0)59'55"W, ALONG THE SOUTH LINE OF SAID SECTION, FOR A DISTANCE
      OF THREE THOUSAND NINETY AND NINETY HUNDREDTHS (3090.90) FEET TO THE POINT
      OF BEGINNING CONTAINING 137.21 ACRES, SAID TRACT BEING SUBJECT TO COUNTY
      ROAD RIGHT-OF-WAY ALONG ITS WEST AND SOUTH BOUNDARIES.

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Together with all water and mineral rights, easements and right-a-ways
appurtenances thereto, all improvements thereon and all fixtures of a permanent
nature currently on the property, in their present condition, ordinary wear and
tear accepted, and hereinafter called the property.

                            PURCHASE PRICE AND TERMS

      2.    The purchase  price shall be One Hundred  Seventy  Eight  Thousand
Three  Hundred  Seventy Three  Dollars  ($178,373.00)  payable by the Buyer as
follows:

      (a) EARNEST MONEY. Seventeen Thousand Eight Hundred Thirty-seven Dollars
      and Thirty Cents ($17,837.30) in the form of check, as earnest money
      deposit and partial payment of the purchase price, payable to and to be
      held by Farmers State Bank, Oakley, Kansas, (The Escrow Agent) it its
      trust account on behalf of both Seller and Buyer. The Escrow Agent is
      hereby authorized to deliver the earnest money deposit to the closing
      agent, if any, at or before closing.

      (b) CASH AT CLOSING. The balance of One Hundred Sixty Thousand Five
      Hundred Thirty Five Dollars and Seventy Cents ($160,535.70) (purchase
      price less earnest money) shall be paid by Buyer at closing in funds which
      comply with all applicable Kansas law, which includes cash, electronic
      transfer funds, certified check, savings and loan tellers check and
      cashiers check (good funds).

      (c) ASSIGNMENT OF RAILROAD LEASE. As further consideration of the mutual
      promises and covenants of this agreement, at closing, Seller shall assign,
      transfer and set over unto Buyer by proper instruments of assignment and
      transfer the entire interest, free and clear of any liens and/or
      encumbrances, those leases of Seller as lessee in and to certain railroad
      right-of-way leases and/or industrial tract agreements with Union Pacific
      Railroad Company, lease audit number 190319 covering the following
      described property, to-wit:

            A TRACT OF LAND LOCATED IN THE SOUTH HALF (S1/2) OF SECTION ONE
            (S01), TOWNSHIP ELEVEN SOUTH (T11S), RANGE THIRTY-ONE WEST (R31W) OF
            THE SIXTH PRINCIPAL MERIDIAN (6TH P.M.) IN GOVE COUNTY, KANSAS, MORE
            PARTICULARLY DESCRIBED AS FOLLOWS:

            COMMENCING AT THE SOUTHWEST CORNER OF SAID SECTION, THENCE, ON AN
            ASSUMED BEARING OF N00(0)18'21"W, ALONG THE WEST LINE OF SAID
            SECTION, A DISTANCE OF ONE THOUSAND EIGHT HUNDRED SEVENTY FIVE AND
            FIFTY-FIVE HUNDREDTHS (1875.55) FEET TO THE POINT OF BEGINNING, SAID
            POINT OF BEGINNING LOCATED ON THE SOUTH RIGHT-OF-WAY OF THE UNION
            PACIFIC RAILROAD.

            FROM THE POINT OF BEGINNING, THENCE N00(0)18'21"W, ALONG THE WEST
            LINE OF SAID SECTION, FOR A DISTANCE OF ONE HUNDRED FIFTY AND TWO
            HUNDREDTHS (150.02) FEET, THENCE N88(0)48'41"E FOR A DISTANCE OF TWO
            HUNDRED NINETY-SEVEN AND FIFTY-FIVE HUNDREDTHS (297.55) FEET, THENCE
            EAST-NORTHEASTERLY, ON A CIRCULAR CURVE TO THE LEFT

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           (ARC ANGLE = 01(0)16'41"LT; RADIUS = 17154.17 FT.; LONG CHORD BEARING
            = N88(0)11'07E) FOR A DISTANCE OF THREE HUNDRED EIGHTY-TWO AND
            SIXTY-FIVE HUNDREDTHS (382.65) FEET, THENCE N87(0)32'00"E FOR A
            DISTANCE OF TWO THOUSAND FOUR HUNDRED EIGHTEEN AND NINETY HUNDREDTHS
            (2418.90) FEET, THENCE S00(0)08'11"E FOR A DISTANCE OF ONE HUNDRED
            FIFTY AND TWELVE HUNDREDTHS (150.12) FEET TO THE SOUTH RIGHT-OF-WAY
            BOUNDARY OF SAID RAILROAD, THENCE S87(0)32'00"W, ALONG SAID RAILROAD
            RIGHT-OF-WAY, FOR A DISTANCE OF TWO THOUSAND FOUR HUNDRED TWELVE AND
            EIGHTY-THREE HUNDREDTHS (2412.83) FEET, THENCE WEST-NORTHWESTERLY,
            ALONG SAID RAILROAD RIGHT-OF-WAY, ON A CIRCULAR CURVE TO THE RIGHT
            (ARC ANGLE = 01(0)16'41"W; RADIUS = 17304.17FT.; LONG CHORD BEARING
            = S88(0)11'07"W), FOR A DISTANCE OF THREE HUNDRED EIGHTY-FIVE AND
            NINETY-NINE HUNDREDTHS (385.99) FEET, THENCE S88(0)48'41"W FOR A
            DISTANCE OF TWO HUNDRED NINETY-NINE AND EIGHTY-THREE HUNDREDTHS
            (299.83) FEET TO THE POINT OF BEGINNING, CONTAINING 10.66 ACRES,
            SAID TRACT BEING SUBJECT TO COUNTY ROAD RIGHT-OF-WAY ALONG ITS WEST
            BOUNDARY.

                      WAIVER AND DISMISSAL OF WATER RIGHTS

      3.    [Omitted per agreement of the parties dated February 15, 2002.]

                                EVIDENCE OF TITLE

      4. Seller shall furnish to Buyer a current commitment for owners Title
Insurance Policy in an amount equal to the purchase price (title documents), on
or before February 1, 2002, (title deadline). The cost of said title insurance
will be paid by the Seller. Upon receipt of the commitment or abstract, Buyer
shall examine said commitment and shall notify Seller within Ten (10) days, in
writing, of any defects which prevent title from being satisfactory to Buyer,
herein referred to as "Title Defects". Seller shall have until the closing date
to cure Title defects for which notification is given. If Title Defects cannot
be cured by closing date, Buyer may grant an extension of time to Seller during
which Seller shall use reasonable, good faith efforts to cure the Title Defects,
unless Buyer, in its sole discretion, waives the Title Defects by written notice
of same to Seller. Seller's failure to cure such Title Defects within the
extension period shall result in the termination of this Contract. The premium
will be paid at closing and the title insurance policy will be delivered to
Buyer as soon as practical after closing. The Buyer shall be responsible for the
payment of any premium on any mortgage insurance policy.

                                COST OF APPRAISAL

      5.    The cost of any appraisal  for loan purposes to be obtained  after
this date shall be paid by Buyer.

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                                   INSPECTION

      6. Buyer, or any designee, shall have the right to have inspection of the
physical condition of the property at Buyer's expense. If written notice of any
unsatisfactory condition, prepared by or on behalf of the Buyer, is not received
by Seller on or before January 15, 2002, (objection deadline), the physical
condition of the property and any exclusions shall be deemed to be satisfactory
to Buyer. If such notice is received by Seller as set forth above, and if Buyer
and Seller have not agreed, in writing, to a settlement thereof on or before
February 1, 2002, (resolution deadline), this Contract shall terminate three (3)
days following the resolution deadline; unless, within the three (3) calendar
days, Seller receives written notice from Buyer waiving objection to any
unsatisfactory condition. Buyer is responsible for and to pay any damage which
occurs to property as a result of such inspection.

                                 DATE OF CLOSING

      7. The date of closing shall be March 1, 2002, or by mutual agreement at
an earlier date. If closing does not occur by March 1, 2002, then unless an
extension is agreed to by and between the parties, this Contract shall
terminate.

                                TRANSFER OF TITLE

      8. Subject to payment at closing as required herein and compliance by
Buyer with the other terms and provisions hereof, Seller shall execute and
deliver a good and sufficient General Warranty Deed and Trustee's Deed to Buyer,
on closing, conveying the property free and clear of all taxes except the
general taxes for the year of closing. Title shall be conveyed free and clear of
all liens and encumbrances except those that are reflected by the title
documents accepted by Buyer as hereinbefore provided and those rights, if any,
of third parties in possession of the property not shown by public records.

                             PAYMENT OF ENCUMBRANCES

      9. Any encumbrance required to be paid shall be paid at or before closing
from the proceeds of this transaction or from other sources.

                             DUTIES OF ESCROW AGENT

      10. The escrow agent for the purposes of this Contract shall be Farmers
State Bank, Oakley, Kansas. The escrow agent shall hold the Warranty Deed and
Trustee's Deed provided for herein and a fully executed copy of the contract
until time of closing unless otherwise instructed by both Seller and Buyer. All
payments shall be made directly to the escrow agent who shall then deposit each
payment to the trust account of the escrow agent. Upon closing of the Contract,
escrow agent shall pay the amounts received by it, less expenses of closing, to
Seller. All escrow charges shall be paid one-half (1/2) by Sellers and one-half
(1/2) by Buyer. Escrow charges shall be Two Hundred Dollars ($200.00). Upon full
compliance with the terms

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and conditions of this Contract and payments required hereunder, the escrow
agent shall deliver the Warranty Deed and Trustee's Deed provided herein to
Buyer. Escrow agent will be responsible for doing all reporting for the sale
to the Internal Revenue Service including the filing of 1099s, 1096s and
other required reports.

                                   PRORATIONS

      11. Real estate taxes for 2001 and all prior years shall be paid by the
Seller with Buyer, being responsible for the payment of taxes for 2002.

                         LEASEBACK TO CHERYL L. MADISON

      12. In consideration of the mutual promises, covenants and payments
hereinbefore set out, upon closing of this agreement, Buyer shall lease the
property subject to this agreement back to Cheryl L. Madison ("Madison")
pursuant to the terms and conditions as will be set forth in a separate
agreement.

                             FIRST RIGHT OF REFUSAL

      13. In the event that Buyer would sell or otherwise convey fee simple
title of the property hereinbefore described in paragraph 1 within fifteen (15)
years of the closing of this agreement, then in consideration of the mutual
promises, covenants and payments herein before setout, Seller shall have the
first right of refusal to repurchase the property for the consideration and for
the amount an offer to purchase the property received by the Buyer from a third
party. A sixty (60) day written notice of the offer and the right of the Seller
to exercise its first right of refusal shall be given by the Buyer to the
Seller.

                                   POSSESSION

      14. Possession of the property shall be granted to the Buyer upon closing
unless said property is subject to a prior existing lease or tenancy
arrangement.

                                    INSURANCE

      15. Upon closing, Seller shall be entitled to cancel any and all existing
insurance on the above described real estate and shall be entitled to any and
all refunds arising from cancellation of insurance. After closing, Buyer shall
be responsible for all insurance and for all risk of loss to the above described
real estate.

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                  ALTERNATIVE DISPUTE RESOLUTION; MEDIATION

      16. If a dispute arises relating to this Contract, and is not resolved,
the parties involved in such dispute (Disputants) shall first proceed in good
faith to submit the matter to mediation. The Disputants will jointly appoint an
acceptable mediator and will share equally in the cost of such mediation. In the
event the entire dispute is not resolved within thirty (30) calendar days from
the date written notice requesting mediation is sent by one (1) disputant to the
other, the mediation, unless otherwise agreed, shall terminate. This section
shall not alter any date in this Contract, unless otherwise agreed.

                                  FORCE MAJEURE

      17. The parties understand and agree that neither the Seller or the Buyer
shall be liable to the other for any failure or delay in performance of any
obligation under this agreement due to events beyond their reasonable control,
including fire, storm, flood, earthquake, explosion, acts of public enemy, war,
acts of God, or acts or regulations or priorities of Federal, State or local
government.

                           RELATIONSHIP OF THE PARTIES

      18. By execution of this agreement, the parties intend to create no other
relationship other than as set forth in this agreement. Specifically, there is
no agency, partnership, joint venture or other joint or mutual enterprise or
undertaking created hereby. Nothing contained within this agreement authorizes
one party to act for or on behalf of the other and neither party is entitled to
any commissions or other considerations other than as is set forth specifically
herein.

                                   ASSIGNMENT

      19. It is understood and agreed by and between the parties that neither
party may assign their rights under this agreement without first obtaining the
written approval of the other party. Said approval shall not be unreasonably
withheld.

                              ADDITIONAL PROVISIONS

      20. Seller and Buyer understand and agree that each party will be
responsible for the payment of their own attorneys fees and that the Seller
shall be responsible for the drawing of all deeds and any affidavits of
trustees.

                                   TERMINATION

      21. In the event this Contract is terminated, all payments and things of
value received hereunder be returned and the parties shall be relieved of all
obligations hereunder.

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                            TIME OF ESSENCE/REMEDIES

      22. Time is of the essence hereof. If any note or check received as
earnest money hereunder or any other payment due hereunder is not paid, honored
or tendered when due, or if any other obligation is not performed or waived as
herein provided, there shall be the following remedies;

      (a) IF BUYER IS IN DEFAULT: Seller may elect to treat this Contract as
      cancelled, in which case all payments and things of value received
      hereunder shall be forfeited and retained on behalf of Seller, and Seller
      may recover such damages as may be proper, or Sellers may elect to treat
      this Contract as being in full force and effect and Seller shall have the
      right to specific performance or damages, or both.

      (b) IF SELLER IS IN DEFAULT: Buyer may elect to treat this Contract as
      cancelled, in which case all payments and things value received hereunder
      shall be returned and Buyer may recover such damages as may be proper, or
      Buyer may elect to treat this Contract as being in full force and effect
      and Buyer shall have the right to specific performance or damages, or
      both.

      (c) ATTORNEYS FEES, COSTS AND EXPENSES: Anything to the contrary
      notwithstanding, in the event of any arbitration or litigation arising out
      of this Contract, the arbitrator or court shall award to the prevailing
      party all reasonable costs and expenses, including attorneys fees.

                              EARNEST MONEY DISPUTE

      23. Notwithstanding any termination of this Contract, Buyer and Seller
agree that, in the event of any controversy regarding the earnest money and
things of value held by the escrow agent, unless mutual written instructions are
received by the holder of the earnest money and the things of value, escrow
agent shall not be required to take any action, but may await any proceeding, or
at the escrow agent's option and sole discretion, may interplead all parties and
deposit any moneys or things of value into a court of competent jurisdiction and
shall recover court costs and reasonable attorneys fees.

                                 NOTICE TO BUYER

      24.   Any notice to Buyer shall be effective when received by Buyer.

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                         NOTICE TO SELLER AND/OR MADISON

      25.   Any notice to Seller and/or Madison shall be effective when
received by Seller and/or Madison.

                            MODIFICATION OF CONTRACT

      26. No subsequent modification of any of the terms of this Contract shall
be valid, binding upon the parties, or enforceable unless made in writing and
signed by the parties.

                                ENTIRE AGREEMENT

      27. This Contract constitutes the entire contract and agreement between
the parties relating to the subject hereof and any prior agreements pertaining
thereto, whether oral or written, have been merged and integrated into this
Contract.

                                  GOVERNING LAW

      28. This Contract shall be subject to and governed by the law of the State
of Kansas, irrespective of the fact that one or both of the parties is now or
may hereinafter become a resident of a state other than Kansas.

/s/ Cheryl L. Madison                           /s/ Michael C. Madison
---------------------------                     ---------------------------
Cheryl L. Madison, Seller                       Michael C. Madison, Seller

Date of Signature 12-21-2001
                  ----------

Address and Social Security Number:             Cheryl L. Madison
                                                2041 Highway 40
                                                Oakley, KS  67748
                                                SSN:  ________________________

/s/ Cindy L. Tustin
-------------------
Cindy L. Tustin,
Trustee of the Cindy L. Tustin Trust,
U/T/A dated January 20, 1999, Seller

Date of Signature 12-21-2001
                  ----------
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Address and Social Security Number              Cindy L. Tustin Trust U/T/A
                                                January 20, 1999
                                                Cindy L. Tustin, Trustee
                                                5081 County Road M
                                                Gove, KS  67736
                                    SSN or TIN  ______________________________

WESTERN PLAINS ENERGY, L.L.C.

BY: /s/ Dick Sterrett
    ----------------------------
Title: CFO

Date of Signature 12-21-2001
                  ----------

Address and Tax Identification Number:          414 Main
                                                Quinter, KS  67752

<PAGE>
                     REAL ESTATE LEASE TO CHERYL L. MADISON

      Western Plains Energy LLC agrees to lease. A TRACT OF LAND LOCATED IN THE
      SOUTH HALF (S1/2) OF SECTION ONE (SO1), TOWNSHIP ELEVEN SOUTH (T11S),
      RANGE THIRTY-ONE WEST (R31W) OF THE SIXTH PRINCIPAL MERIDIAN (6TH P.M.),
      IN GOVE COUNTY, KANSAS, CONTAINING 137 ACRES.
to Cheryl L. Madison for a five (5) year period commencing on March 1, 2002, and
ending on February 28, 2007 at the cash rental amount of One Hundred Dollars
($100.00) per acre per year for the irrigated acres Fifty Dollars ($50.00) for
all flood irrigated and Thirty-five Dollars ($35.00) per acre per year for the
dry land acres. The parties agree that the pivot irrigated acres on both the
property being conveyed and the railroad lease presently are 72 acres with the
balance of 63 acres being dry land or flood irrigated. The cash rent shall be
due in advance on or before the 1st day of March of each year during the term of
this leaseback and any extension thereof.

      It is expressly understood and agreed by and between the parties that
Western Plains Energy LLC intends to utilize the water and water rights being
secured by this agreement in the operation of an ethanol plant that Buyer
intends to construct, and further that Buyer may apply to the Kansas Department
of Agriculture, Division of Water Resources, for a change of type of use of the
water appropriated pursuant to water right file number 14027 from irrigation use
to industrial use. Upon approval of the change of type of use and Buyer's
utilization of the water in the operation of Buyer's ethanol plant, the
availability of water for irrigation use on the property subject to the
leaseback may be dramatically reduced, if not eliminated, with the result being
that the leaseback to Madison will consist of dry land acreage. Western Plains
Energy will not stop the flow of water to lessee's growing crops, without being
liable for such. In the interim, Madison agrees to pump the wells located on the
subject property and to apply the pumped water to the extent necessary to
maintain the water appropriation rights on water right file 14027 at current
levels and further to prepare and file the appropriate water use reports and
other information as required by the Kansas Department of Agriculture, Division
of Water Resources.

      During the term of the leaseback, and any extension thereof, Madison shall
be entitled to all payment by virtue of Madison's participation in government
crop production programs. Additionally, Madison agrees to perform normal
maintenance on the pumps, gear heads, engines and irrigation pivot system
("improvements") presently located on the property and to be responsible to
provide all labor for said maintenance. Western Plains Energy LLC shall be
responsible for repairs on the improvements and to maintain insurance on the
pivot system.

      At the expiration of the initial five (5) year term of the leaseback, the
term shall automatically renew for successive one (1) year terms unless either
party (Buyer or Madison) shall give ninety (90) days written notice to the other
of their intent not to renew this leaseback agreement.

Signed: /s/ Cheryl L. Madison                               Date: 2-15-02
        ---------------------                                     --------------
        Cheryl L. Madison

Signed: /s/ Dick Sterrett                                   Date: 2-15-02
        ---------------------                                     --------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}]]