Document:

EX-10.2

No. R-1 $325,000,000

United States of America

State of Kansas

City of McPherson, Kansas

Taxable Industrial Revenue Bond

Series 2006

(National Cooperative Refinery Association)

Rate of Maturity Dated

Interest: 5.25% Date: 12-01-16 Date: Issue Date

Registered Owner: NATIONAL COOPERATIVE REFINERY ASSOCIATION

Principal Amount: THREE HUNDRED TWENTY FIVE MILLION DOLLARS

The City of McPherson, Kansas, a body politic and corporate, incorporated as a city of second
class of the State of Kansas (the “Issuer”), for value received, promises to pay, but solely from
the sources hereinafter referred to, to the registered owner identified above, or registered
assigns, upon the presentation and surrender of this Certificate, the principal sum identified
above on the maturity date shown, in lawful money of the United States of America, at the principal
offices of Security Bank of Kansas City (the “Paying Agent” and “Trustee”), and in like manner to
pay to the registered Owner (the “Owner”) hereof, by check or draft mailed to the Owner at his
address as it appears on the bond registration books of the Issuer kept by the Trustee under the
within mentioned Indenture, or at such other address as is furnished in writing by such registered
Owner to the Paying Agent at the close of business on the 15th day of the month next preceding the
applicable Interest Payment Date (the “Record Date”), interest on said principal sum from the dated
date hereof or the most recent Interest Payment Date to which interest has been paid or duly
provided for at the rate of interest per annum set forth above (computed on the basis of a 360-day
year of twelve 30-day months), annually on December 1 of each year, commencing December 1, 2007
(the “Interest Payment Dates”), until the principal sum is paid, unless the Bonds represented by
this certificate shall have been previously called for redemption and payment as hereinafter set
forth.

This Bond certificate evidences ownership of a part of a duly authorized series of Bonds of
the Issuer designated “City of McPherson, Kansas, Taxable Industrial Revenue Bonds, Series 2006
(National Cooperative Refinery Association),” in the aggregate original principal amount of
$325,000,000 (the “Series 2006 Bonds”), issued for the purpose of providing funds to finance
certain modifications and improvements (the “Leased Property”) to an existing crude oil refinery,
to be leased by the Issuer to National Cooperative Refinery Association, a Kansas cooperative
marketing association (the “Tenant”), under the terms of a Lease dated as of the Issue Date of the
Series 2006 Bonds, between the Issuer and the Tenant (said Lease, as amended and supplemented from
time to time in accordance with the provisions thereof, being herein called the “Lease”), all
pursuant to the authority of and in conformity with the provisions, restrictions and limitations of
the constitution and statutes of the State of Kansas, including particularly K.S.A. 12-1740 et
seq., as amended, and pursuant to proceedings duly had by the governing body of the Issuer.

The Series 2006 Bonds are issued under and are equally and ratably secured and entitled to the
protection of the Trust Indenture, dated as of the Issue Date of the Series 2006 Bonds (said Trust
Indenture, as amended and supplemented from time to time in accordance with the provisions thereof,
being herein called the “Indenture”), between the Issuer and the Trustee. Subject to the terms and
conditions set forth therein, the Indenture permits the Issuer to issue Additional Bonds (as
defined therein) secured by the Indenture ratably and on a parity with the Series 2006 Bonds (the
Series 2006 Bonds together with such Additional Bonds being herein referred to collectively as the
“Bonds”). Reference is hereby made to the Indenture for a description of the provisions, among
others, with respect to the nature and extent of the security for the Bonds, the rights, duties and
obligations of the Issuer, the Trustee and the Bondowners, and the terms upon which the Bonds are
issued and secured.

REDEMPTION OF BONDS

Extraordinary Optional Redemption. In the event of a Change of Circumstances (as defined in
the Indenture), the Series 2006 Bonds shall be subject to redemption and payment prior to the
stated maturity thereof at the option of the Issuer, upon instructions from the Tenant, on any
date, at the par value of the principal amount thereof, plus accrued interest thereon to the
redemption date, without premium.

Optional Redemption. The outstanding principal of the Series 2006 Bonds is subject to
redemption and payment prior to maturity upon instructions from the Tenant, as a whole or in part
on any date, at the redemption price of the par value of the principal amount thereof, without
premium, plus accrued interest thereon to date fixed for redemption and payment.

When any Bonds are called for redemption as aforesaid, notice thereof identifying the Bonds to
be redeemed will be given by mailing a copy of the redemption notice at least 30 days prior to the
date fixed for redemption to the Owner of each Bond to be redeemed at the address shown on the
registration books maintained by the Trustee; provided, however, that failure to give such notice
by mailing as aforesaid, or any defect therein, shall not affect the validity of any proceedings
for the redemption of Bonds. If less than all of the Outstanding Bonds of this series are called
for redemption, Bonds shall be redeemed as directed in writing by the Tenant. Bonds of less than a
full maturity shall be selected by the Trustee in such equitable manner as it may determine. All
Bonds so called for redemption will cease to bear interest on the specified redemption date and
shall no longer be secured by the Indenture and shall not be deemed to be Outstanding under the
provisions of the Indenture.

The Bonds and the interest thereon are limited obligations of the Issuer payable exclusively
out of the Trust Estate under the Indenture, including but not limited to the rents, revenues and
receipts under the Lease, and are secured by a pledge of the Leased Property (including any Project
Additions) as described in the Lease and a pledge and assignment of the Trust Estate, including all
rentals and other amounts to be received by the Issuer under and pursuant to the Lease, all as
provided in the Indenture. The Bonds and the interest thereon do not constitute a debt or general
obligation of the Issuer, the State of Kansas or any municipal corporation thereof, and are not
payable in any manner by taxation. The Bonds do not constitute an indebtedness within the meaning
of constitutional or statutory debt limitations or restrictions. Pursuant to the provisions of the
Lease, Basic Rent is to be paid by the Tenant directly to the Trustee for the account of the Issuer
and deposited in a special trust account created by the Issuer and designated “City of McPherson,
Kansas, Debt Service Fund for Taxable Industrial Revenue Bonds (National Cooperative Refinery
Association).” If the Tenant fails to make payments of Basic Rent under the Lease, the Trustee
must give 5 Business Days’ written notice to the Tenant of the default before the default becomes
an Event of Default under the Lease.

No Owner of Bonds shall have the right to enforce the provisions of the Indenture or to
institute action to enforce the covenants therein, or to take any action with respect to any event
of default under the Indenture, or to institute, appear in or defend any suit or other proceedings
with respect thereto, except as provided in the Indenture. In certain events, on the conditions,
in the manner and with the effect set forth in the Indenture, the principal of all the Bonds issued
under the Indenture and then Outstanding may become or may be declared due and payable prior to the
stated maturity thereof, together with interest accrued thereon. Modifications or alterations of
this Bond or the Indenture may be made only to the extent and under the circumstances permitted by
the Indenture.

This Bond certificate is transferable, as provided in the Indenture, only upon the
registration books of the Issuer kept for that purpose at the above mentioned office of the Bond
Registrar and Paying Agent by the Owner hereof in person or by his duly authorized attorney, upon
surrender of this Bond together with a written instrument of transfer satisfactory to the Trustee
duly executed by the Owner or such Owner’s duly authorized attorney, and thereupon a new Bond
certificate in the same aggregate principal amount, shall be issued to the transferee in exchange
therefor as provided in the Indenture, and upon payment of the charges therein prescribed. The
Tenant has agreed to pay as Additional Rent under the Lease all costs incurred in connection with
the issuance, transfer, exchange, registration, redemption or payment of the Bonds except (a) the
reasonable fees and expenses in connection with the replacement of certificates mutilated, stolen,
lost or destroyed or (b) any tax or other governmental charge imposed in relation to the transfer,
exchange, registration, redemption or payment of the Bonds. The Issuer, the Trustee and any Paying
Agent may deem and treat the person in whose name this Bond certificate is registered as the
absolute Owner hereof for the purpose of receiving payment of, or on account of, the principal or
redemption price hereof and interest due hereon and for all other purposes.

This Bond certificate shall not be valid or become obligatory for any purpose or be entitled
to any security or benefit under the Indenture until the Certificate of Authentication hereon shall
have been executed by the Trustee.

IT IS HEREBY CERTIFIED AND DECLARED that all acts, conditions and things required to exist,
happen and be performed precedent to and in the execution and delivery of the Indenture and the
issuance of the Bonds do exist, have happened and have been performed in due time, form and manner
as required by law.

1

IN WITNESS WHEREOF, Issuer has caused this Bond certificate to be executed in its name by the
manual or facsimile signature of its Mayor and attested by the manual or facsimile signature of its
City Clerk and its official seal to be affixed hereto or imprinted hereon, and has caused the Bonds
to be dated as of the Issue Date of the Bonds.

CITY OF MCPHERSON, KANSAS

	 	 	(Facsimile Seal) By:      

William J. Goering, Mayor

ATTEST:

     

Gary L. Meagher, City Clerk

2

CERTIFICATE OF AUTHENTICATION

This Bond certificate evidences ownership of the City of McPherson, Kansas Taxable Industrial
Revenue Bonds, Series 2006 (National Cooperative Refinery Association), as described herein and in
the Bond Agreement described herein. The Issue Date of this Bond is December 18, 2006.

SECURITY BANK OF KANSAS CITY

Kansas City, Kansas,

as bond registrar

By:     

Authorized Officer

3

(FORM OF ASSIGNMENT)

For value received, the undersigned hereby sells, assigns and transfers unto

Print or Type Name and Address of Transferee

the Bonds represented by this certificate and all rights thereunder, and hereby authorizes the
transfer of the within Bond on the books kept by the Bond Registrar and Paying Agent for the
registration and transfer of Bonds.

Dated:      

     

NOTICE: The signature to this assignment must
correspond with the name as it appears upon the face
of the within Bond in every particular.

Signature Guaranteed By:

	 	 	 
	[Seal of Bank]

	 	     

(Name of Eligible Guarantor Institution)
	 
	 	 
	
 
	 	By:      

Title:     

Signature must be guaranteed by an eligible guarantor institution as defined by S.E.C. Rule 17
Ad-15 (17 C.F.R. 240. 17-Ad-15)

THIS BOND MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE APPLICABLE PROVISIONS OF THE
SECURITIES ACT OF 1933, AS AMENDED, AND APPLICABLE STATE SECURITIES LAWS, OR IN A TRANSACTION
EXEMPT FROM THE APPLICATION OF FEDERAL AND STATE SECURITIES LAWS.

4EX-10.3

GILMORE & BELL, P.C.

Execution Copy

NATIONAL COOPERATIVE REFINERY ASSOCIATION

AS PURCHASER

AND

CITY OF MCPHERSON, KANSAS

AS ISSUER

BOND PURCHASE AGREEMENT

$325,000,000

TAXABLE INDUSTRIAL REVENUE BONDS

SERIES 2006

(NATIONAL COOPERATIVE REFINERY ASSOCIATION)

1

BOND PURCHASE AGREEMENT

$325,000,000

CITY OF MCPHERSON, KANSAS

TAXABLE INDUSTRIAL REVENUE BONDS

SERIES 2006

(NATIONAL COOPERATIVE REFINERY ASSOCIATION)

Dated: December 18, 2006

On the basis of the representations, and the terms and conditions contained herein, the
undersigned, National Cooperative Refinery Association (the “Purchaser”), hereby offers to purchase
$325,000,000 aggregate principal amount of Taxable Industrial Revenue Bonds, Series 2006 (National
Cooperative Refinery Association) (the “Bonds”) to be issued by the City of McPherson, Kansas (the
“Issuer”), an incorporated municipality duly organized and existing as a city of the second class
under the constitution and laws of the State of Kansas, under and pursuant to Ordinance No. 2891 of
the Issuer passed by the governing body of the Issuer on September 11, 2006 (the “Ordinance”) and
secured under the provisions of a Trust Indenture dated as of the Issue Date of the Bonds (the
“Indenture”) between the Issuer and Security Bank of Kansas City, as Trustee (the “Trustee”). The
Bonds are to be issued by the Issuer pursuant to and in accordance with provisions of Sections
12-1740 et seq., inclusive, of the Kansas Statutes Annotated, as amended (collectively the “Act”),
and the constitution of the State of Kansas, for the purpose of paying the costs to finance
modifications and improvements to the existing crude oil refinery facility to be leased to the
Purchaser.

In connection with the issuance of the Bonds, the Purchaser and the Issuer propose to enter
into a Lease dated as of the Issue Date of the Bonds (the “Lease”) with respect to the Leased
Property (as defined below). Pursuant to the Lease, the Issuer will lease the Leased Property to
the Purchaser and the Purchaser shall be required to pay as Basic Rent thereunder amounts
sufficient to pay the principal of, premium, if any, and interest on the Bonds and all other Bonds
Outstanding under the Indenture.

Section 1. Representations, Warranties, Covenants and Agreements of the Issuer.

By acceptance and execution hereof the Issuer hereby represents to, and agrees with, the
Purchaser that:

(a) The Issuer is a municipality incorporated as a city of the second class of and within the
State of Kansas, duly organized and existing under the constitution and laws of the State of
Kansas. The Issuer is authorized under the provisions of the constitution and laws of the State of
Kansas, including particularly the Act, to issue, sell and deliver the Bonds for the purposes
specified above, to adopt and perform its obligations under the Ordinance, to enter into and
perform its obligations under this Bond Purchase Agreement (the “Agreement”), the Indenture and the
Lease and to pledge, pursuant to and in accordance with provisions of the Ordinance, the Indenture
and certain rentals payable by the Purchaser to the Issuer pursuant to the provisions of the Lease,
to the payment of the principal of, premium, if any, and interest on the Bonds in the manner
provided therein.

(b) The Issuer has full power and authority to consummate all transactions contemplated by
this Agreement, the Bonds, the Ordinance, the Indenture and the Lease (the “Bond Documents”) and
any and all other agreements relating thereto, to which the Issuer is a party.

(c) The Issuer will have duly authorized prior to the Closing Time (as hereinafter defined)
all necessary action to be taken by it or on its behalf for: (i) the issuance and delivery of the
Bonds upon the terms set forth in this Bond Purchase Agreement; (ii) the passage, signature and
publication of the Ordinance; (iii) the execution and delivery by it of the Bond Documents to which
it is a party; (iv) the carrying out, giving effect to and consummation of the transactions
contemplated thereby and by this Agreement. Copies of this Agreement, the Ordinance, the Indenture
and the Lease, executed by the appropriate officers or officials of the Issuer, shall be delivered
to the Purchaser by the Issuer at the Closing Time.

(d) There is no action, suit, proceeding, inquiry or investigation at law or in equity or
before or by any court, public board or body pending or, to the knowledge of the Issuer, threatened
against or affecting it (or, to its knowledge, any basis therefor) wherein an unfavorable decision,
ruling or finding would adversely affect the transactions contemplated by this Agreement or would
adversely affect the validity of the Bond Documents or any agreement or instrument to which the
Issuer is a party and which is used or contemplated for use in the consummation of the transactions
contemplated hereby.

(e) Any certificate signed by any authorized officer or official of the Issuer and delivered
to the Purchaser in connection with the transactions contemplated by this Agreement shall be deemed
a representation by the Issuer to the Purchaser as to the statements made therein.

(f) When delivered to and paid for by the Purchaser in accordance with the provisions of this
Agreement and authenticated in accordance with the provisions of the Indenture, the Bonds will have
been duly authorized, executed, issued and delivered; the Bonds will constitute valid and binding
limited obligations of the Issuer payable solely and only from the revenues specified in the
Indenture and in conformity with, and entitled to the benefits and security of, the Indenture and
all action taken by the Issuer in connection therewith shall be in conformity with the Act.

(g) The execution and delivery of this Agreement, the Bonds and the other documents to be
executed by the Issuer in compliance with the provisions hereof and thereof will not conflict with
or constitute a breach of or default under any agreement or other instrument to which the Issuer is
a party or any existing law, administrative regulation, court order or consent decree to which the
Issuer is subject.

(h) The Issuer will cause the cash proceeds, if any, from the sale of the Bonds to be
deposited as required by the Indenture and used for the purposes set forth in the Indenture.

(i) No additional or further approval, consent or authorization of any governmental or public
agency or authority not already obtained by the Issuer is required in connection with the issuance
and sale of the Bonds or entering into and performing the obligations of the Issuer under this
Agreement, the Bonds or the other documents to be executed by the Issuer.

Section 2. Representations of the Purchaser.

The Purchaser makes the following representations as of the Closing:

(a) The statements and information relating to the Bonds, the Purchaser, the anticipated
sources and use of funds to be applied in connection with the issuance of the Bonds, and the Leased
Property are true and correct in all material respects and do not omit any material fact necessary
to make the statements made therein, in light of the circumstances under which they were made, not
misleading.

(b) The Purchaser is a duly formed nonprofit cooperative marketing association existing and
in good standing under the laws of the State of Kansas.

(c) The Purchaser has full power and authority to enter into, execute and deliver the Lease
and this Agreement, and to perform its obligations thereunder and hereunder, all of which have been
duly authorized by all proper and necessary corporate action, and no consent or approval of parties
not signatories to this Agreement or of any public authority other than the Issuer is necessary to
carry out the same.

(d) The execution, delivery and performance by the Purchaser of the documents and agreements
required to be executed by the Purchaser will not conflict with or constitute a material violation
or breach of or a default under its articles of incorporation and bylaws, or any mortgage,
indenture, deed of trust, contract, instrument or agreement binding on it or affecting its
property, or any provision of law or order, rule, regulation, ordinance or decree of any court,
government or governmental body having jurisdiction over the Purchaser or any of its property.

(e) To the actual knowledge of the officer of the Purchaser signing this Agreement, there is
no litigation, proceeding or investigation by or before any court, public board or body, pending,
or threatened, against or affecting the Purchaser, its officers or property, challenging the
validity of the Lease, the Indenture or this Agreement, or seeking to enjoin any of the
transactions contemplated by such instruments or the performance by the Purchaser of its
obligations thereunder or hereunder, or challenging the acquisition or operation of the Leased
Property.

Section 3. Other Representations, Warranties, Covenants and Agreements of the Purchaser.

By the execution hereof Purchaser hereby represents, warrants and agrees with the Issuer that:

(a) Purchaser is knowledgeable and experienced in financial and business matters and is
capable of evaluating investment merit and risks associated with its purchase of the Bonds.
Purchaser has been furnished and has reviewed the provisions of the Ordinance, the Indenture and
the Lease relating to the authorization of and security for payment of the Bonds. Prior to the
execution hereof Purchaser also obtained such information and conducted such investigations as it
has deemed necessary in order to enable itself to fully evaluate the terms and provisions of the
Bonds, of the Ordinance, and of the Indenture and the Lease authorizing their issuance and
providing for the payment thereof and the financial and investment merits and risks associated with
the purchase of the Bonds. On the basis of such information materials and Purchaser’s
investigation, Purchaser has made the decision to purchase the Bonds and has not relied upon any
representations of the Issuer or any of its officers or employees with respect to the Bonds or
security for payment of the Bonds.

(b) Purchaser is purchasing the Bonds as an investment for its own account and not with a
view to the sale, redistribution or other disposition thereof in the ordinary course of business in
a transaction not amounting to a public offering as contemplated by Section 4(2) of the Securities
Act of 1933, as amended. Purchaser acknowledges that (1) the Bonds will not be registered under
the Securities Act of 1933, as amended or any applicable state securities law, (2) the Bonds may
not be transferred unless, in the opinion of Klenda, Mitchell, Austerman & Zuercher, L.L.C.,
Wichita, Kansas, or other counsel reasonably acceptable to the Trustee, such transfer will not
cause a violation of the Securities Act of 1933, as amended, or any applicable state securities law
or unless there should be a registration statement in effect under the Securities Act of 1933, as
amended, and under any applicable state securities laws requiring a state-level registration
statement with respect to such transfer, and that (3) language consistent with the foregoing
restrictions will appear in the registration and transfer provisions of the Indenture.

Section 4. Purchase, Sale and Delivery of the Bonds.

On the basis of, and reliance upon, the representations and agreements of the Issuer contained
herein, and in the other documents and agreements referred to herein and subject to the terms and
conditions herein set forth, at the Closing Time the Purchaser agrees to purchase from the Issuer
and the Issuer agrees to sell to the Purchaser the Bonds at 100% of the par principal amount
thereof. The purchase price of the Bonds shall be payable by transfer to the Issuer of absolute
ownership of the real and/or personal property listed in Exhibit A attached (the “Leased
Property”), free and clear of all encumbrances other than the terms of the Lease, by Deed and/or
Bill of Sale warranting title thereto, and all provisions of the Bond Documents concerning the
receipt, transfer, deposit, use, payment, expenditure or any similar action that would apply if the
purchase price were paid in cash shall be construed accordingly. Notwithstanding the transfer of
the Leased Property to the Issuer, the Issuer and the Purchaser intend that the Purchaser shall
continue to be the owner of the Leased Property for federal and state income tax purposes.

The Bonds shall be issued under and secured as provided in the Ordinance and the Indenture and
the Bonds shall be in the amount and shall mature and bear interest at the rate and be subject to
the redemption as set forth in the Indenture. Proceeds of the Bonds shall be expended to pay, or
reimburse the Purchaser for payment of, costs of the Leased Property as provided in the Indenture
and the Lease.

Payment for the Bonds shall be made by delivering the Deed and/or Bill of Sale heretofore
referred to the Trustee for the account of the Issuer, at its corporate trust office in Kansas
City, Kansas, by 10:00 a.m., Central Time on December 18, 2006, or at such other place or on such
other date and at such hour on such other date as the Issuer and the Purchaser shall mutually
agree. The date of such delivery and payment is herein called the “Closing Date,” and the time and
date of such delivery and payment is herein called the “Closing Time”. The Bonds shall be
available for examination by the Purchaser at least 24 hours prior to the Closing Time.

Section 5. Conditions to the Purchaser’s Obligations.

The Purchaser’s obligations hereunder shall be subject to the due performance by the Issuer of
its obligations and agreements to be performed hereunder at or prior to the Closing Time and to the
accuracy of and compliance with the representations and warranties of the Issuer contained herein,
as of the date hereof and as of the Closing Time, and are also subject to the following conditions:

(a)  The Ordinance shall have been duly passed, signed and published and the Bonds, this
Agreement, the Indenture and the Lease shall have been duly authorized, executed and delivered
substantially in the forms heretofore approved by the Purchaser and Issuer with only such changes
therein as the Purchaser and the Issuer shall mutually agree.

(b)  At the Closing Time, the Purchaser shall receive:

(i) The opinions dated as of the Closing Date and addressed to the Purchaser of (1) Gilmore &
Bell, P.C., Bond Counsel and (2) the City Attorney (or other counsel) for the Issuer, all in forms
reasonably acceptable to counsel for the Purchaser.

(ii) A certificate, in form and substance satisfactory to the Purchaser, of the Mayor of the
Issuer or any duly authorized officer or official of the Issuer satisfactory to the Purchaser,
dated as of the Closing Date, to the effect that: (1) each of the Issuer’s representations
contained herein is true and correct as of the Closing Time; (2) the Issuer has authorized, by all
necessary action, the adoption and due performance of the Ordinance; (3) the Issuer has authorized,
by all necessary action, the execution, delivery and due performance of the Bond Documents to which
it is a party; (4) no litigation is pending, or to his or her knowledge threatened, to restrain or
enjoin the issuance or sale of the Bonds or in any way affecting any authority for or the validity
of the Bond Documents or the existence or powers of the Issuer or its right to lease the Leased
Property to the Purchaser; and (5) the Bond Documents, executed by the Issuer, are in the forms, or
in substantially the forms, approved for such execution by appropriate proceedings of the governing
body of the Issuer and (6) the Issuer is not in default under any of the Bond Documents.

(iii) Such additional certificates and other documents as the Purchaser may reasonably
request to evidence performance of or compliance with the provisions of this Agreement and the
transactions contemplated hereby, all such certificates and other documents to be satisfactory in
form and substance to the Purchaser.

(c) At the Closing Time, the Purchaser shall continue in possession of the Leased Property
under the terms of the Lease.

Section 6. The Purchaser’s Right to Cancel.

The Purchaser shall have the right to cancel its obligation to purchase the Bonds hereunder by
notifying the Issuer in writing or by telefax of its election so to do between the date hereof and
the Closing Time.

Section 7. Conditions of City’s Obligations.

The obligations of the Issuer hereunder are subject to the Purchaser’s performance of its
obligations hereunder, and the further condition that at the Closing Time each of the conditions to
the Purchaser’s obligations hereunder set forth in Section 5 hereof shall have been satisfied.

Section 8. Representations and Agreements to Survive Delivery.

All representations and agreements of the Issuer shall remain in full force and effect,
regardless of any investigations made by or on the Purchaser’s behalf, and shall survive delivery
of the Bonds to the Purchaser.

Section 9. Payment of Expenses.

All customary, reasonable and necessary expenses and costs to effect the authorization,
preparation, issuance, delivery and sale of the Bonds (including, without limitation, the fees and
disbursements of bond counsel as set forth in separate letter agreement) and the expenses and costs
for the preparation, photocopying, execution and delivery of the Bond Documents and all other
agreements and documents contemplated hereby shall be paid by the Purchaser.

Section 10. Notices.

Any notice or other communication to be given to the Issuer under this Agreement may be given
by mailing or delivering the same in writing to the City of McPherson, Kansas, Attn: City Clerk,
400 E. Kansas Avenue, McPherson, Kansas 67460; any notice or other communication to be given to
the Purchaser under this Agreement may be given by delivering the same in writing to National
Cooperative Refinery Association, P.O. Box 1404, McPherson, Kansas 67460, Attn: Vice President -
Finance.

Section 11. Applicable Law; Nonassignability.

This Agreement shall be governed by the laws of the State of Kansas. This Agreement shall not
be assigned by the Issuer. All covenants and agreements in this Agreement shall be binding upon
and inure to the benefit of the respective successors and permitted assigns of the parties hereto.

Section 12. Execution of Counterparts.

This Agreement may be executed in several counterparts, each of which shall be regarded as an
original and all of which shall constitute one and the same document.

Section 13. Amendment.

This Agreement may not be changed orally but only by an agreement in writing signed by each of
the parties hereto.

EXECUTED, effective as of the date first above written.

CITY OF MCPHERSON, KANSAS

[SEAL] By:     

Mayor

Attest:

     

City Clerk

[The remainder of this page intentionally left blank]

2

NATIONAL COOPERATIVE REFINERY

ASSOCIATION

	 	 	 	 	 
	By:_________________________________
	 	 
	Name: John G. Buehrle

Title:

	 	

Vice President — Finance
	 	

	 
	 	 	 	 
	
 
	 	 	 	“Purchaser”
	 
	 	 	 	 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]