Document:

Exhibit 10.26

PROMISSORY NOTE

	
  $1,810,000

  	
  VOLGA, SOUTH DAKOTA

  
	
   

  	
  January 6, 2007

  

 

FOR VALUE RECEIVED, the undersigned promises to pay to the order of the
State of South Dakota, Department of Transportation, Office of Local Transportation
Programs, 700 East Broadway Avenue, Pierre, South Dakota 57501-2586, at Pierre,
South Dakota, or at such place as the holder hereof may direct in writing, the
sum of One Million Eight Hundred Ten Thousand
Dollars ($1,810,000), together with interest thereon at the rate of 4.875% per annum to be paid in regular
amortized installments as follows: payment of Two
Hundred Thirty Two Thousand Nine Hundred Fifty Dollars ($232,950.00),
on the First day of October, 2008,
and a like payment of Two Hundred Thirty Two
Thousand Nine Hundred Fifty Dollars ($232,950.09) on each year
thereafter through the First day of October,
2016, and one payment of Two
Hundred Thirty Three Thousand Three Hundred Fifty Six Dollars and Thirty-three
cents ($233,356.33), on the First day of October, 2017, at which time the entire amount of principal
and interest, if any, shall be due and payable. Upon each of said payments,
interest shall first be deducted and the balance thereon applied towards
principal.  Interest will be calculated based
on the date actual payment is received by the State.  The maker hereof shall have full right of
prepayment.

If default be made in the payment of any of said installments when due,
the holder of this note may, at his option, declare all unpaid indebtedness
evidence by this note immediately due and payable, and there upon the
undersigned agrees to pay all costs of collection, including attorney fees
allowed by law, if any.  Failure at any
time to exercise such option when entitled to do so shall not constitute a
waiver of the right to exercise it later. The holder rearrange, adjust,

 1
 

and
extend the times and amounts of payments of interest and/or principal of this
note by agreement with the present or subsequent owner of the property securing
the same, without notice to our consent of and without releasing any part
liable thereon.

The maker, endorsers, sureties, and guarantors hereof hereby severally
waive presentment for payment, notice of nonpayment, protest and notice of
protest and the endorsers, sureties and guarantors hereof hereby severally
consent that the time of payment may be extended or this note renewed without
notice to them and without affecting their liability thereon.

	
  BROOKINGS COUNTY REGIONAL RAILROAD AUTHORITY (LOANEE)

  
	
   

  
	
   

  
	
  /s/ Donald
  Larson

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SOUTH DAKOTA SOYBEAN PROCESSORS LLC (GUARANTOR)

  
	
   

  
	
   

  
	
  /s/ Rodney
  Christianson

  	
   

  	
   

  	
   

  

 

 2
 

ACKNOWLEDGED

	
  STATE OF SOUTH DAKOTA)

  
	
   

  	
  :SS

  
	
  COUNTY OF BROOKINGS

  	
  )

  

 

On this 27th day of February, 2007, before me, a Notary Public within
and for said County and State, personally appeared Don Larson, known to me to
be the person who executed the above document and acknowledged to me that he
did sign the foregoing document for the purposes herein stated.

	
  

  	
   

  
	
   

  	
  NOTARY PUBLIC

  
	
  (SEAL)

  	
  My Commission Expires: March 8, 2012

  

 

ACKNOWLEDGED

	
  STATE OF SOUTH DAKOTA)

  
	
   

  	
  :SS

  
	
  COUNTY OF BROOKINGS

  	
  )

  

 

On this 6tb day of March, 2007, before me, a Notary Public within and
for said County and State, personally appeared Rodney Christianson, known to me
to be the person who executed the above document and acknowledged to me that he
did sign the foregoing document for the purposes herein stated.

	
  

  	
  /s/ Beverly Kleinjan

  
	
   

  	
  NOTARY PUBLIC

  
	
  (SEAL)

  	
  My Commission Expires:
  October 20, 2012

  

 

 3

RAILROAD TRUST FUND LOAN

AMORTIZATION SCHEDULE

BROOKINGS
COUNTY REGIONAL

RAILROAD AUTHORITY LOAN

VOLGA,
SD

CONTRACT #

AMORTIZATION SCHEDULE -
ANNUAL INSTALLMENTS

	
  LOAN AMOUNT

  	
   

  	
  1,810,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  INTEREST RATE

  	
   

  	
  4.875

  	
  %

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TERM (YEARS)

  	
   

  	
  10

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  INSTALLMENT AMOUNT

  	
   

  	
  239,950

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  PRINCIPAL

  	
   

  
	
  PAYMENT DATE

  	
   

  	
  PRINCIPAL

  	
   

  	
  INTEREST

  	
   

  	
  TOTAL

  	
   

  	
  BALANCE

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10/02/2009

  	
   

  	
  151,767.23

  	
   

  	
  81,182.77

  	
   

  	
  232,950.00

  	
   

  	
  1,513,520.27

  	
   

  
	
  10/02/2010

  	
   

  	
  159,165.89

  	
   

  	
  73,784.11

  	
   

  	
  232,950.00

  	
   

  	
  1,354,354.38

  	
   

  
	
  10/02/2011

  	
   

  	
  166,925.22

  	
   

  	
  66,024.78

  	
   

  	
  232,950.00

  	
   

  	
  1,187,429.16

  	
   

  
	
  10/01/2012

  	
   

  	
  175,062.83

  	
   

  	
  57,887.17

  	
   

  	
  232,950.00

  	
   

  	
  1,012,366.33

  	
   

  
	
  10/02/2013

  	
   

  	
  183,597.14

  	
   

  	
  49,352.86

  	
   

  	
  232,950.00

  	
   

  	
  828,769.19

  	
   

  
	
  10/02/2014

  	
   

  	
  192,547.50

  	
   

  	
  40,402.50

  	
   

  	
  232,950.00

  	
   

  	
  636,221.69

  	
   

  
	
  10/02/2015

  	
   

  	
  201,934.19

  	
   

  	
  31,015.81

  	
   

  	
  232,950.00

  	
   

  	
  434,287.50

  	
   

  
	
  10/01/2016

  	
   

  	
  211,778.48

  	
   

  	
  21,171.52

  	
   

  	
  232,950.00

  	
   

  	
  222,509.02

  	
   

  
	
  10/02/2017

  	
   

  	
  222,509.02

  	
   

  	
  10,847.31

  	
   

  	
  233,356.33

  	
   

  	
  0.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  1,810,000.00

  	
   

  	
  519,906.33

  	
   

  	
  2,329,906.33

  	
   

  	
   

  	
   

  

 

BROOKINGS CO RRA

601 4TH STREET STE 101

BROOKINGS,
SD 57006

GUARANTY

In consideration of the loan evidenced by the within note and for value
received, South Dakota Soybean Processors
LLC, P0 Box 500, Volga, South Dakota, 57071-0500, guarantees the
prompt payment to the State of South Dakota, Department of Transportation,
Office of Local Transportation Programs of the liabilities and indebtedness of
the maker of this promissory note up to the amount of One Million Eight Hundred Ten Thousand Dollars
($1,810,000), plus any interest accrued on that amount in accordance
with the terms and conditions of the note.

The liability of the undersigned under this guaranty shall be direct
and not conditional or contingent on the pursuit of any remedies against any
maker or indorser, or against any collateral held as security for the payment
of the note.

Notice of acceptance is waived. This shall be a continuing guaranty
extending to any notes given in extension or renewal of this note,
notwithstanding that the original note may have been surrendered, provided the
liability of the undersigned shall not be increased over the amount contained
in the original note plus accrued and unpaid interest.

Dated at Volga, Brookings County, South Dakota, on the 6th day of
March, 2007.

	
  South Dakota Soybean Processors, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  BY

  	
  /s/ Rodney
  Christianson

  	
   

  	
   

  
	
  Its:

  	
  Chief Executive
  Officer

  	
   

  	
   

  

 

ACKNOWLEDGED

	
  STATE OF South Dakota)

  
	
   

  	
  :SS

  
	
  COUNTY OF Brookings

  	
  )

  

 

On this 6th day of  March 2007,
before me, a Notary Public within and for said County and State, personally
appeared Rodney Christianson, known to me to be the Chief Executive officer of
South Dakota Soybean Processors LLC who executed the above document and
acknowledged to me that such Corporation did execute the foregoing document for
the purposes herein stated.

	
  

  	
  /s/ Beverly
  Kleinjan

  
	
   

  	
  NOTARY PUBLIC

  
	
  (SEAL)

  	
  My Commission Expires: October 20, 2012Exhibit
10.36

CHANGE OF
CONTROL AGREEMENT

155 E Tropicana LLC,
Dba Hooters Casino Hotel (THE COMPANY) and Gary Gregg (GG) hereby amend the previous
agreement dated October 23rd, 2006 regarding the employment relationship
between THE COMPANY and GG.

GG is currently employed
by THE COMPANY as Chief Operating Officer of the Hooters Casino Hotel at the current
annual salary of $250,000, which may be adjusted by THE COMPANY in its sole
discretion. As such, GG is an at-will employee of THE COMPANY and may be terminated
at any time for any reason by THE COMPANY, subject only to the terms in the October
23rd, 2006 agreement. However in the event of a change of control of THE
COMPANY, as defined below, the following provisions apply:

Change of Control

For purposes of
this agreement, a change of control occurs upon the successful sale of the
majority of the current membership interests in 155 to Nth Advisory Group, and
the current Management Board no longer has majority control of 155, as
contemplated by the Revised Letter of Intent executed on March 14th 2007 by 155, HG Casino Management Inc., EW
Common LLC and Nth Advisory Group LLC, and any subsequent Purchase and Sale
Agreement that may be executed between those parties. This agreement is void
unless a change of control occurs by April 30th, 2008.

As of the date of
a change of control, this agreement supersedes the previous agreement dated October
23rd, 2006, which will be rendered null and void. If GG is employed by THE
COMPANY at the time of a change in control, GG will be entitled to a change of
control bonus equal to his then current annual salary, plus any earned bonus. Earned
bonus is defined as the prorated amount of any annual bonus as outlined in the
October 23rd,
2006 agreement which GG would receive at the end of the calendar year, if
earnings, when compared to budget, are on track to meet those targets as of the
date of change of control.

In addition, in
the event GG is terminated without cause by THE COMPANY or its successors and
assigns within 12 months after such change of control, he will be entitled to
an additional amount equal to 12 months salary less any amounts (exclusive of
the change of control bonus) paid to him by THE COMPANY from the change in
control up to the time of termination. In no event will the total amount paid
to GG exceed 24 months salary (plus earned bonus) at the rate in effect as of
the date of change of control.

If GG resigns at
any time, is terminated for any reason prior to a change of control, or is
terminated for cause after a change of control, he is not entitled to any
compensation under this agreement.

For Cause
Termination

THE COMPANY may
terminate this agreement and all of its obligations hereunder upon occurrence
of any of the following events:  (a) GG’s
material breach of this Agreement; 

 1
 

CHANGE OF
CONTROL AGREEMENT

(b) GG’s failure
or inability to perform his duties within the expectations of THE COMPANY; (c) GG’s
conviction of a felony or any other crime involving moral turpitude or
dishonesty which, in the good faith opinion of THE COMPANY, would impair GG’s
ability to perform his duties or the business reputation of THE COMPANY; (d) GG’s
failure or refusal to comply with the policies of THE COMPANY, standards or
regulations; (e) GG’s unauthorized disclosure of trade secrets and/or other
confidential business information of THE COMPANY; (f) GG’s breach of his duty
of loyalty; (g) GG’s act of fraud, misrepresentation, theft or embezzlement or
the misappropriation of assets of THE COMPANY; or (h) GG’s failure to secure and/or
maintain his required licenses by government agencies with jurisdiction over
the business of THE COMPANY.

	
  Gary Gregg

  	
  155 East Tropicana LLC

  
	
   

  	
   

  
	
  By:

  	
  /s/ Gary A.
  Gregg

  	
   

  	
  By:

  	
  /s/ Michael J. Hessling

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
  March 22, 2007

  	
   

  	
  It’s:

  	
  President

  	
   

  
	
   

  	
   

  
	
   

  	
  Dated:

  	
  March 23, 2007

  	
   

  
												

 

 2

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