Document:

exv10w43

 

Exhibit 10.43

AMENDED AND RESTATED SERVICES AGREEMENT

     THIS AMENDED AND RESTATED SERVICES AGREEMENT (the “Agreement”) is made and entered into this
1st day of May, 2007 by and between US BioEnergy Corporation, a corporation organized under the
laws of the State of South Dakota with an office at 5500 Cenex Drive, Inver Grove Heights, MN 55077
(the “Company”), and Capitaline Advisors, LLC, a limited liability company organized under the laws
of the State of South Dakota with an office at 111 Main Avenue, Brookings, South Dakota 57006
(“Capitaline”).

     In consideration of the mutual benefits to the parties hereto and the promises, terms and
conditions hereinafter set forth, intending to be legally bound, the parties do hereby mutually
agree as follows:

     1. Parties and Related Persons.

     (a) The Company. The Company is engaged in, among other things, the business
of developing, owning and operating ethanol plants and other bio-refining facilities.

     (b) Capitaline. Capitaline is (directly, as a controlling person of various
investment funds, and through its affiliates) a significant beneficial owner of the
Company’s common stock. Capitaline provides investment capital and financial and human
resources to companies in the renewable energy and finance industries.

     2. Amendment and Restatement. This Agreement amends and restates in its entirety,
effective from and after January 1, 2007 (the “Effective Date”), that certain Services Agreement,
dated November 17, 2005 (and amended August 14, 2006), between the parties.

     3. Purpose. The Company and Capitaline require certain services from one another for
the operation of their respective businesses, as described in Exhibit A attached hereto
(collectively the “Services”), and each party is willing and able to provide the Services to be
provided by such party.

     4. Scope of Services.

     (a) Scope. The Company and Capitaline agree that the Services must be
performed in accordance with the standards, terms and conditions contained in this
Agreement.

     (b) Changes to Services. Either party may, at any time with or without cause,
terminate this Agreement with respect to any Service provided by the other party upon ten
(10) days’ written notice to the other party. Exhibit A may be amended to add Services at
any time upon mutual agreement of the parties.

     (c) Independent Contractor. Each party shall provide the Services as an
independent contractor and not as an employee, partner, or agent of the other party. Each
party is free to exercise its judgment in all aspects of its performance of Services under
this Agreement.

     (d) Employees. The personnel providing the executive assistant and
administrative assistant Services, as set forth on Exhibit A, shall be employees of
Capitaline, and Capitaline shall be responsible for such employees in all respects,
including with respect to compensation, benefits, and withholding. The personnel providing
the IT Services, as set forth on Exhibit A,

- 1 -

 

shall be employees of the Company, and the Company shall be responsible for such
employees in all respects, including with respect to compensation, benefits, and
withholding.

     5. Compensation.

     (a) By the Company. During the term of this Agreement, the Company will pay
Capitaline (i) a fixed monthly fee of $6,500 for all executive assistant and administrative
assistant Services, (ii) at a rate of $70 per hour for analyst Services, and (iii) a fixed
monthly fee of $10,050 for all office Services.

     (b) By Capitaline. During the term of this Agreement, Capitaline will pay the
Company a fixed monthly fee of $2,720 for all IT Services provided by the Company for
Capitaline.

     (c) Expenses. All out-of-pocket expenses incurred by a party in providing
Services will be paid by the party receiving the Services.

     (d) Compensation and Settlement Procedures. Each party will provide the other
with a written monthly statement, no later than the 10th day of each month, detailing the
charges and expenses for Services provided under this Agreement during the prior month.
Each party shall pay each monthly statement provided by the other by the 20th day of the
month in which the statement was delivered. In addition, the books, accounts and records of
each of the parties will be maintained in such a manner as to be able to determine the
appropriateness or reasonableness of the compensation and reimbursements made under this
Agreement.

     6. Standard of Performance.

     (a) Warranty. Each party warrants to the other that the Services will be
performed in a competent, diligent manner and in accordance with generally accepted
standards for such Services and any applicable federal, state or local laws, regulations or
rules.

     (b) Policy Compliance. Each party agrees to comply with all of the policies of
the other party (i) that now exist or as are implemented or revised from time to time and
(ii) of which such party is aware.

     (c) No Expenses. Neither party will incur any expenses or liability on account
of the other party outside the normal course of business without specific written approval
from an authorized representative of the other party.

     (d) Retention of Control by the Company. Capitaline acknowledges and agrees
that all Services provided by Capitaline for the Company will be subject to the ultimate
authority, control, review and limitation of the Company and its directors and officers.

     (e) Retention of Control by Capitaline. The Company acknowledges and agrees
that all Services provided by the Company for Capitaline will be subject to the ultimate
authority, control, review and limitation of Capitaline and its directors and officers.

     (f) Supplies and Materials. Supplies and materials, if any, furnished by one
party to the other in connection with providing Services shall remain the property of the
furnishing party and shall be returned by the other party upon demand by the furnishing
party.

- 2 -

 

     7. Indemnity.

     (a) Indemnification by Capitaline. Capitaline agrees to indemnify and hold
harmless the Company, its affiliates, employees and agents, against any and all loss or cost
the Company may suffer or become obligated to pay as a result of any violation of applicable
laws or regulations by Capitaline, its employees or agents in providing Services hereunder
or as a result of any negligence or willful misconduct of Capitaline, its employees or
agents in providing Services hereunder.

     (b) Notice to Capitaline. The Company agrees to notify Capitaline as soon as
reasonably practicable of any matter that may result in a claim by the Company for
indemnification from Capitaline hereunder. If Capitaline acknowledges its responsibility
for the matter, Capitaline will have the right to control the defense and select defense
counsel.

     (c) Indemnification by the Company. The Company agrees to indemnify and hold
harmless Capitaline, its affiliates, employees and agents, against any and all loss or cost
Capitaline may suffer or become obligated to pay as a result of any violation of applicable
laws or regulations by the Company, its employees or agents in providing Services hereunder
or as a result of any negligence or willful misconduct of the Company, its employees or
agents in providing Services hereunder.

     (d) Notice to the Company. Capitaline agrees to notify the Company as soon as
reasonably practicable of any matter that may result in a claim by Capitaline for
indemnification from the Company hereunder. If the Company acknowledges its responsibility
for the matter, the Company will have the right to control the defense and select defense
counsel.

     (e) Limits on Liability. Neither party will be liable to the other party in
connection with the Services provided hereunder for any indirect, special, incidental or
consequential damages of any kind (including lost profits or interruption of business),
regardless of the form of action, whether in tort or contract (including negligence, strict
liability, breach of contract or otherwise), even if a party has been advised of the
possibility of such damages.

     8. Term and Termination.

     (a) Term. The term of this Agreement will commence on the Effective Date and
continue for a period of one (1) year, unless earlier terminated as provided herein, and
will automatically continue thereafter until terminated by either party as provided in
Section 8(b).

     (b) Termination. Either party may terminate this Agreement at any time after
the end of the initial one (1) year term by giving at least thirty (30) days’ written notice
to the other party.

     (c) Termination upon Company’s Notice. Either party may terminate this
Agreement for any reason upon not less than sixty (60) days’ notice to the other party.

     (d) Termination for Cause. Either party may terminate this Agreement upon a
material breach by the other party of any provision or condition of this Agreement. In the
event that a party has materially breached this Agreement, then (i) the non-breaching party
must notify the breaching party of the breach, (ii) the breaching party must commence a cure
of the breach within ten (10) days after its receipt of that notice, and (iii) the breaching
party must complete the cure of the breach within twenty (20) days after commencing its
cure. If the breaching party does

- 3 -

 

not commence or complete the cure within the specified time, then this Agreement will
terminate immediately and without further notice.

     (e) Rights upon Termination. At termination, each party’s obligation to pay
and right to receive compensation hereunder will cease, except in respect of Services
performed (and expenses incurred) prior to the date of termination.

     (f) Survival of Obligations. The termination of this Agreement will not
terminate any obligation accrued prior to the termination, or any obligations that by their
nature survive termination, including, without limitation, obligations under the
indemnification, warranty and confidentiality provisions of this Agreement.

     (g) Return of Information and Property. Promptly following the termination of
this Agreement, each party will return to the other party all confidential or proprietary
information of the other party and all property owned by the other party.

     9. Confidentiality.

     (a) Each party (the “Receiving Party”) agrees that all information provided by or
obtained from the other party (the “Disclosing Party”) in connection with the performance or
receipt of Services hereunder, and all information generated using such information
(collectively, the “Confidential Information”), must be kept strictly confidential during
term of this Agreement and for five (5) years thereafter. Unless required by law, the
Receiving Party will not disclose the Confidential Information to any third party, or use
the Confidential Information for its own or any third party’s benefit, without the prior
written approval of the Disclosing Party, except that the Receiving Party each may use the
Confidential Information to provide the Services.

     (b) At the request of the Disclosing Party, the Receiving Party must promptly destroy
or return or cause to be returned to the Disclosing Party any Confidential Information,
without retaining any copies or extracts thereof. Furthermore, the Receiving Party must, if
requested by the Disclosing Party, provide a certificate stating that the Receiving Party
has complied with the terms and conditions of this Section 9(b).

     10. Notices. All notices, claims, requests and other communications (“Notices”) under
this Agreement (i) must be in writing and (ii) must be delivered to the following relevant address
or fax number or to such other address or fax number as is giving in writing by either party to the
other party in accordance with this Section 10:

If to the Company:

Gregory S. Schlicht

Vice President, General Counsel

     and Corporate Secretary

US BioEnergy Corporation

5500 Cenex Drive, Mail Station 175

Inver Grove Heights, MN 55077

Fax No.:                     

- 4 -

 

If to Capitaline:

Jill Wilts

Chief Compliance Officer

Capitaline Advisors, LLC

111 Main Avenue

Brookings, SD 57006

Fax No.: 605-696-3103

Notice will be deemed to have been delivered (i) upon the date of delivery if delivered in person
or by fax (receipt confirmed), (ii) five (5) days after the date of mailing if deposited in the
United States mail, postage prepaid, or (iii) upon the date of the postmark on the return receipt
if deposited in the United States mail, with postage prepaid for certified or registered mail,
return receipt requested, unless an earlier delivery date is indicated by the return receipt.

     11. Miscellaneous.

     (a) Rights Cumulative. Except as expressly provided in this Agreement, and to
the extent permitted by law, any rights and remedies described in this Agreement are
cumulative and not alternative to any other rights or remedies available at law or in
equity.

     (b) Deviation from Contract Terms. If either party deviates from the
provisions of this Agreement, even without protest by the other party, the deviation will
not be held to change this Agreement or the rights and responsibilities of the parties.

     (c) Waiver. A party will not be deemed to waive a breach, right or remedy
hereunder unless the waiver is in writing and signed by the waiving party. Any waiver will
be valid only in that instance and not in connection with any subsequent action or
circumstance.

     (d) Severability. If any provision herein is held to be partially or
completely unenforceable, then this Agreement will be deemed to be amended to modify such
provision to the extent necessary to make it enforceable, or, if necessary, this Agreement
will be deemed to be amended to delete the unenforceable provision.

     (e) Entire Agreement and Amendments. This Agreement, including the exhibits
and any other attachments hereto (which are incorporated herein by reference), constitutes
the entire agreement between the parties with respect to the subject matter hereof, and
there are no other agreements, representations or warranties, oral or written, between the
parties relating to that subject matter. Except as provided herein, this Agreement may not
be changed, modified, or amended in whole or in part except in a writing duly signed by both
parties

     (f) Disputes. If a dispute arises under this Agreement, the parties will
attempt to settle the dispute through good faith negotiations. If negotiations fail, the
parties agree to endeavor to settle the dispute in an amicable manner by mediation
administered by the American Arbitration Association (“AAA”) under the AAA’s Commercial
Mediation Rules. If mediation is unsuccessful, any unresolved controversy or claim arising
under this Agreement will be settled by binding arbitration administered by the AAA in
accordance with the AAA’s Commercial Arbitration Rules. Judgment upon the award rendered in
arbitration may be entered in any court having proper jurisdiction.

- 5 -

 

     (g) Attorneys’ Fees and Costs. In the event of litigation, arbitration,
mediation or other proceedings arising under this Agreement, the prevailing party shall be
entitled to recover its reasonable attorneys’ fees, expert witness fees and costs.

     (h) Interest on Past Due Amounts. All late payments due under this Agreement
shall bear interest at the rate of one and one-half percent (1.5%) per month (annual
percentage rate of 18%) compounded monthly, unless a lower interest rate is required by
applicable law. Interest shall be calculated from the due date until the date payment is
received.

     (i) Governing Law. This Agreement will be governed by the laws of the State of
South Dakota, disregarding the conflict of laws principles thereof.

     (j) No Assignment. This Agreement may not be assigned in whole or in part
without the written consent of the other party. This Agreement is binding upon and inures
to the benefit of the parties and their respective successors and permitted assigns.

     (k) Counterparts. This Agreement may be executed in one or more counterparts,
each of which will constitute an original, and all of which together will constitute one and
the same instrument.

[signatures next page]

- 6 -

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first
above written.

	 	 	 	 	 
	THE COMPANY:	 	 
	 
	 	 	 	 
	US BIOENERGY CORPORATION	 	 
	 
	 	 	 	 
	By:

	 	/s/ Gregory Schlicht
 

	 	 
	Its:

	 	VP and General Counsel	 	 
	 
	 	 	 	 
	CAPITALINE:	 	 
	 
	 	 	 	 
	CAPITALINE ADVISORS, LLC	 	 
	 
	 	 	 	 
	By:

	 	/s/ Jill L. Wilts
 

Jill L. Wilts
	 	 
	Its:

	 	Vice President	 	 

- 7 -

 

EXHIBIT A

DESCRIPTION OF SERVICES

CAPITALINE SERVICES

Analyst, Executive Assistant, and Administrative Assistant Services

The following Capitaline employees will provide to the Company the services listed beneath their
names:

Chad Haselhorst (Analyst)

	 	•	 	Assist with financial analysis projections / pro formas.
	 
	 	•	 	Assist with evaluation of strategic transactions.
	 
	 	•	 	Assist with site selection analysis.
	 
	 	•	 	Assist with questions regarding historic accounting issues.

Angie Burns (Executive Assistant)

	 	•	 	Act as executive assistant to Gordon Ommen, Chad Hatch, Virg Garbers, and Kristi Lee.
	 
	 	•	 	Assist with preparation and production of presentations and related materials for Gordon
Ommen.
	 
	 	•	 	Assist with event planning.
	 
	 	•	 	Corporate aircraft flight coordinator.
	 
	 	•	 	Travel reservations for Gordon Ommen, Chad Hatch, Virg Garbers, Kristi Lee, Nate
Anderson and Sheldon Rasmussen.
	 
	 	•	 	Backup receptionist, including various administrative duties.

Deanna Wilson (Administrative Assistant)

	 	•	 	Act as administrative assistant to Gordon Ommen, Chad Hatch, Virg Garbers and Kristi Lee.
	 
	 	•	 	Office receptionist.
	 
	 	•	 	Various administrative duties, such as filing and mail distribution.
	 
	 	•	 	Reconcile VISA account statements for Gordon Ommen, Chad Hatch, Virg Garbers, Kristi
Lee, Nate Anderson and Sheldon Rasmussen

Office Services

Capitaline will provide the Company with approximately 3,000 square feet of fully furnished office
space and related office services for use by Gordon Ommen, Chad Hatch, Virg Garbers, Kristi Lee,
Nate Anderson and Sheldon Rasmussen, including:

	 	•	 	Six computers and associated computer hardware;
	 
	 	•	 	The use of standard office software;
	 
	 	•	 	Unlimited use of standard office equipment (copiers, printers, fax machines, projectors);
	 
	 	•	 	High-speed Internet access;
	 
	 	•	 	Telephones, eight telephone lines, and local and long-distance telephone services (but
not cell phones or cell phone services);
	 
	 	•	 	Office supplies and postage;
	 
	 	•	 	Utilities and janitorial services;
	 
	 	•	 	The use of a board room, a conference room, a lobby, restrooms, a work area, and a
storage area; and
	 
	 	•	 	Parking.

 

 

US BIOENERGY SERVICES

IT Services

The following Company employee will provide to Capitaline the services listed beneath his name:

Nate Anderson (IT)

	 	•	 	Archive tape back-up and management.
	 
	 	•	 	Server maintenance and application of necessary updates.
	 
	 	•	 	PC maintenance and application of necessary updates.
	 
	 	•	 	Software installation and licensing.
	 
	 	•	 	Hardware and software purchasing.
	 
	 	•	 	Printer maintenance.
	 
	 	•	 	Email maintenance and spam filtering.
	 
	 	•	 	Virus protection and licensing.
	 
	 	•	 	ABRA maintenance and backups.
	 
	 	•	 	Domain / website maintenance
	 
	 	•	 	Miscellaneous support and trouble shooting.
	 
	 	•	 	Phone system maintenance.
	 
	 	•	 	Disaster recovery planning.exv10w44

 

Exhibit 10.44

RAILROAD CAR LEASE AGREEMENT

     This Agreement, made this 16th day of April, 2007, between Midwest Ethanol Transport, LLC, a
Minnesota corporation, with its principal office at PO Box 162, Granite Falls, Minnesota,
(hereinafter called “Lessor”) and United Bio Energy Ingredients, LLC, a Kansas limited liability
company, with its principal office at 5500 Cenex Drive, Inver Grove Heights, Minnesota (hereinafter
called “Lessee”).

     In consideration of the mutual terms and conditions hereinafter set forth, the parties hereto
hereby agree as follows:

ARTICLE 1: LEASE AGREEMENT

     Lessor agrees to lease to Lessee, and Lessee agrees to lease from Lessor, the cars shown on
each Rider hereto and such additional Riders as may be added from time to time (each such Rider and
together with this Agreement shall be collectively referred to as the “Lease”) by agreement of the
parties and signed by their duly authorized representative (all such cars being hereinafter
referred to as the “cars”). Each Rider shall set forth a brief description of the car or cars
covered thereby, including such facts as the number of cars, the AAR or DOT specifications, rental
charges, term throughout which the car or cars shall remain in Lessee’s service and such other
information as may be desired by both parties. Lessor and Lessee agree that each Rider hereto shall
constitute a separate Lease which incorporates the terms of this Agreement. To the extent that a
specific provision of any Rider conflicts with the terms and conditions of this Lease, the specific
provision in the Rider will supersede and take precedence over the other terms and conditions of
this Lease that are in conflict. Each Rider shall be severable from any other cars or riders
relating to this Agreement and shall become a separate lease which is separately transferable for
all purposes. It is the intent of all parties to this Agreement to characterize this Agreement as a
true lease.

ARTICLE 2: DELIVERY

     Lessor agrees to deliver each car to Lessee, freight charges collect, in the yard of the
delivering line at the point specified by the Lessee, and Lessee agrees to accept such delivery.
The obligations of the Lessor to deliver the cars shall be excused, and Lessor shall not be liable,
for any causes beyond the reasonable control of Lessor (including, but not limited to, delays
caused by fire, labor difficulties, delays of carriers and materials suppliers, governmental
authority, late delivery by the manufacturer of the cars or late delivery by a prior lessee) and,
in the event of a delay in such delivery, Lessor shall deliver the cars to Lessee as soon as
reasonably possible thereafter.

ARTICLE 3: CONDITION OF CARS — ACCEPTANCE

     All cars delivered under this Lease shall be in satisfactory condition for movement in the
normal interchange of rail traffic and shall otherwise comply with the description and
specifications contained in the applicable Rider; but Lessee shall be solely responsible for
determining that cars are in proper condition for loading and shipment, except for those
responsibilities which, under applicable law, have been assumed by the railroads. Lessee shall
inspect the cars promptly after they are delivered and shall notify Lessor in writing within five
days after delivery of its rejection of any car, and the specific reasons for such rejection.
Failure by the Lessee to inspect the cars within five days after delivery, and/or the successful
loading of any car by Lessee, shall constitute acceptance of such car or cars, as the case may be,
by Lessee and shall be conclusive evidence of the fit and suitable condition of such car or cars.
At Lessor’s request, Lessee shall deliver to Lessor an executed Certificate of Acceptance in the
form of Exhibit A with respect to all cars.

     If Lessee rejects any car, Lessor shall have the right to have the rejected car inspected by
an inspector acceptable to both Lessor and Lessee. The cost of such inspection will be paid by
Lessor if the cause for rejection is affirmed by the inspector, otherwise such cost will be borne
by Lessee. The Lessee shall be deemed to have accepted any car for which the inspector determines
that good cause for rejection did not exist. The decision of the inspector shall be final and
binding upon the parties.

1

 

     Lessee’s acceptance, however affected, shall be deemed effective as of the delivery date and
the monthly rentals as hereinafter set forth shall accrue from the delivery date. Such acceptance
shall conclusively establish that such cars conform to the applicable standards set forth in the
Rider(s) and the Interchange Rules.

ARTICLE 4: RENTALS

     Lessee agrees to pay to Lessor for the use of each car the monthly rental set forth in the
Rider applicable to such car from the date such car is delivered to Lessee until such car is
returned to Lessor, as hereinafter provided in Article 18. The rental shall be payable in U.S.
Dollars and Lessor will deliver an invoice to Lessee on the first day of each month specifying all
charges payable by Lessee to Lessor in connection with this Lease for that month (provided,
however, that the rental for each car for the month in which it is delivered shall be prorated for
the number of days, including the day of delivery, remaining in such month at a daily rate based
upon a 365 day year and shall be payable on or before the first day of the next succeeding month).
Lessee will pay each such invoice within 30 days of the date of the invoice to Lessor by electronic
funds transfer (such wire instructions will be provided with the respective invoice), or at such
other address as Lessor may specify by notice to Lessee. Failure to make such payment will result
in the accrual of interest at a rate of twelve percent (12%) per annum or, if not permitted to
charge a rate of twelve percent (12%) per annum, the maximum rate permitted by law. Except as set
forth in this Lease (including without limitation, the provisions of Article 11) rental shall be
paid unconditionally and without any deduction, set-off, abatement, counterclaim, or deduction of
any kind.

ARTICLE 5: MILEAGE ALLOWANCE

     Lessor shall collect all mileage earned by the cars during the lease term and shall credit to
the rental of Lessee, such mileage earned by the cars while in the service of Lessee, as and when
received from the railroads according to, and subject to, all rules of the tariffs of the
railroads, but only to the extent of the aggregate rental charges payable for the duration of the
lease term.

ARTICLE 6: TERM

     This Lease shall be effective as dated and will expire upon the completion of the leasing
arrangement shown on the attached Riders of the last car or cars covered hereunder. The Lease
term, with respect to all cars covered by a particular Rider, shall commence on the average date of
delivery of the cars covered by such Rider; and shall terminate as specified in such Rider, unless
sooner terminated in accordance with provisions of this Lease.

ARTICLE 7: USE AND POSSESSION

     Throughout the continuance of this Lease so long as Lessee is not in default under this Lease,
Lessee shall be entitled to possession of each car from the date the lease becomes effective as to
such car; and shall use such car only in the manner for which it was designed and intended, and so
as to subject it only to ordinary wear and tear, and on its own property or lines in the usual
interchange of traffic; provided, however, that Lessee agrees that the cars shall at all times be
used: (a) in conformity with all Interchange Rules; (b) in compliance with the terms and
conditions of this Lease; (c) predominantly in the continental limits of the United States,
provided however, in no event shall more than forty percent (40%) of the cars (as determined by
mileage records and measured annually on a calendar year basis) be used outside of the contiguous
United States at the same time.

     In the event any car is used outside of the continental United States, for any reason
whatsoever, Lessee shall assume full responsibility for all costs, taxes, duties or other charges
incidental to such use including costs incurred in returning car to the continental United States.

ARTICLE 8: EMPTY MILEAGE INDEMNIFICATION

     Lessee agrees that it will use its best efforts to so use the cars that their total mileage
under load will equal or exceed their mileage empty on each railroad over which the cars move.
Should the empty mileage exceed the loaded mileage, Lessee shall pay to Lessor for such excess at
the rate and at the time established by the tariff of the railroad on

2

 

which such excess of empty miles has accrued. For the purpose of this paragraph, the railroad
mileage reports received by Lessor shall be prima facie evidence of the facts reported therein.

ARTICLE 9: ADDITIONAL CHARGES BY RAILROADS

     Lessee agrees to use the cars, upon each railroad over which cars shall move, in accordance
with the then prevailing tariffs to which each railroad shall be a party; and if the operation or
movements of any of the cars during the term hereof shall result in any charges being made against
Lessor by any such railroad, Lessee shall pay to Lessor the amount of such charges within the
period prescribed by and at the rate and under the conditions of the then prevailing tariffs.
Lessee agrees to indemnify Lessor against any such charges, and shall be liable for any switching,
demurrage, track storage, detention or special handling charges imposed on any car during the term
hereof.

ARTICLE 10: LESSEE’S RIGHT TO TRANSFER OR SUBLEASE

     Lessee shall not transfer, sublease or assign any car or its interests and obligations
pursuant to the Lease, nor shall a transfer, sublease or assignment by operation of the law or
otherwise of Lessee’s interest in the cars or this Lease be effective against Lessor without
Lessor’s prior written consent, which shall not be unreasonably withheld or denied; provided,
however, that Lessee may sublease or assign its interests and obligations pursuant to the Lease to
an affiliated company by providing Lessor written notice of such sublease or assignment. No
transfer, sublease or assignment of the Lease, or of any car, shall relieve Lessee from any of its
obligations to Lessor under this Lease and Lessee shall remain jointly liable for any failure of
any assignee to fulfill its obligations under this Lease.

     Notwithstanding the foregoing paragraph, Lessee shall have the right to sublease any of the
cars for single trips to its customers or suppliers, and to cause each car so subleased to be
boarded or placarded with the name of the sublessee in accordance with the provisions of the
demurrage tariffs lawfully in effect, where the sole purpose of such subleasing is to obtain an
exemption from demurrage for said cars so subleased; provided, however, that notwithstanding any
such sublease, Lessee shall continue to remain liable to Lessor for the fulfillment of Lessee’s
obligations under this Lease

ARTICLE 11: MAINTENANCE RESPONSIBILITY

     Lessor agrees to maintain the cars in good condition and repair according to the Interchange
Rules of the Association of American Railroads (AAR). Lessee agrees to notify Lessor promptly when
any car is damaged or in need of repair, and to forward such cars and any other cars subject to
this Lease to shops as directed by Lessor for repairs and/or periodic maintenance and inspections.
No repairs to any of the cars shall be made by Lessee without Lessor’s prior written consent,
except that Lessee will, at its expense, replace any removable part (dome covers, hatch covers,
outlet caps, etc.) if lost or broken. Replacement or repair by Lessee of any parts, equipment
and/or accessories on any of the cars shall be with parts, equipment and/or accessories that are of
like kind and of at least equal quality to those being replaced or repaired, unless otherwise
agreed in writing by Lessor.

     On tank cars, Lessee agrees that it will assume the responsibility for the maintenance and
replacement of angle valves and check valves and, if such cars are so equipped, thermometer wells,
gauging devices, regulator valves, safety heads and top unloading valves.

     On hopper cars, Lessee will be responsible for inspection and cleaning of the operating
mechanisms of the outlets, hatches and special fittings on such cars leased herein. Further, any
damage to such outlets, hatches, special fittings or the operating mechanisms will be repaired for
the account of the Lessee.

     When a car is placed in a private shop for maintenance or repair, the rental charges shall
cease on date of arrival in the shop, except in the case where a car arrives without advance notice
of defects from Lessee, in which case rental charges will cease on communication of such notice of
defects to Lessor from Lessee, and shall be reinstated on the earlier of the date that the car is
forwarded from the shop or on the date that the car is ready to leave, awaiting disposition
instructions from Lessee. If any repairs are required as a result of the misuse by or negligence
of Lessee or its consignee, agent or sublessee or while on a railroad that does not subscribe to,
or fails to meet its responsibility

3

 

under the Interchange Rules of the AAR, or while on any private siding or track or any private or
industrial railroad, the rental charges shall continue during the repair period, and Lessee agrees
to pay Lessor for the cost of such repairs.

ARTICLE 12: LOSS OR DESTRUCTION

     If any of the cars shall be completely destroyed, or if the physical condition of any car
shall become such that the car cannot be operated in railroad service, as determined by the
parties, then Lessor may, at its option, cancel this Lease as to such car as of the date on which
such event occurred, or may substitute another car within a
reasonable period of time. Lessee shall notify Lessor of the occurrence of any such event within five (5)
business days of such event. In the event of such substitution, the substituted car shall be held
pursuant to all the terms and conditions of this Lease. Lessee agrees that if a car is lost or
destroyed or is in such physical condition that it cannot be operated in railroad service by reason
of misuse or negligence of Lessee or its consignee, agent or sublessee or while on a railroad that
does not subscribe to the AAR Interchange Rules or while on any private siding or track or any
private or industrial railroad, Lessee will pay Lessor, in cash, the settlement value of such car
as determined by Rule #107 of the AAR Interchange Rules within ten (10) business days following a
request by Lessor for such payment. Lessor and Lessee shall cooperate with and assist each other in
any reasonable manner requested, but without affecting their respective obligations under this
Article or Article 22, to establish proper claims against parties responsible for the loss,
destruction of or damage to, the cars.

ARTICLE 13: LOSS OF COMMODITY

     Lessor shall not be liable for any loss of, or damage to commodities, or any part thereof,
loaded or shipped in the cars however such loss or damage shall be caused or shall result. Lessee
agrees to assume responsibility for, to indemnify Lessor against, and to save it harmless from any
such loss or damage or claim therefor.

ARTICLE 14: DAMAGE TO CAR BY COMMODITY

     Notwithstanding the exception for ordinary wear and tear in Article 18, if during the term of
any Rider any of the cars or any components or appurtenances thereto shall be unduly and materially
damaged, destroyed or depreciated in value or condition due to the corrosive or other damaging
effect of any substance carried therein or thereon (whether or not such damage was foreseeable),
Lessee will reimburse Lessor promptly for such damage, loss or expense suffered by Lessor as a
consequence thereof.

ARTICLE 15: ALTERATION AND LETTERING

     Lessee will preserve the cars in good condition and will not in any way alter the physical
structure of the cars without the advance approval, in writing, of the Lessor. Lessee shall place
no lettering or marking of any kind upon the cars without Lessor’s prior written consent, provided
however, that Lessee may cause said cars to be stenciled, boarded, or placarded with letters not to
exceed two inches (2”) in height to indicate to whom the cars are leased and with commodity
stencils per AAR or DOT specifications. If requested by Lessor, Lessee will, at Lessee’s sole
expense, remove any lettering or marking on any of the cars that is not required by any
governmental authority having jurisdiction applicable to the cars, prior to returning the cars to
Lessor.

ARTICLE 16: LININGS AND COATINGS

     The application, maintenance and removal of interior protective linings and coatings in cars
so equipped are to be at the sole expense of the Lessee. Commodity or mechanical damage to such
linings or coatings shall be for the account of the Lessee.

4

 

ARTICLE 17: INTERIOR PREPARATION FOR COMMODITIES

     Subsequent to Lessee acceptance, any cleaning or special preparation of the interior of cars
to make them suitable for the shipment of commodities by or for Lessee during the term of the lease
shall be done at Lessee’s expense unless otherwise agreed.

ARTICLE 18: RETURN OF CARS — CLEANING

     At the expiration of the lease term as provided in the Riders, Lessee shall, at its expense,
return the cars to Lessor at the location and to the agent selected by the Lessor empty, clean and
free from residue, and in the same good condition as the cars were in when delivered, except for
normal wear and tear. The parties agree that any corrosion, erosion or other damage of or to any
of the cars that is caused or is in any way connected with any commodity or substance loaded or
allowed to accumulate in or on the cars or to which any of the cars is exposed, does not constitute
ordinary wear and tear. At the expiration, Lessee will return each car to Lessor clean, empty, and
free of all residue or accumulation of deposits. The Lessee shall bear the full cost of cleaning
and the rental shall continue until the Lessor reasonably determines the car is clean.

ARTICLE 19: MODIFICATIONS

     Lessor and Lessee agree that if, at any time after the effective date of any Rider, changes in
car design or equipment are required by the AAR, DOT, FRA or any other governmental authority
(other than changes in car design or equipment as a result of a design, engineering, or component
flaw, or recall), Lessor may, at its option, perform all modifications so ordered and that the cost
of those modifications shall be reflected in an increase in the monthly rental rate per car
according to the rental escalation formula shown on the Rider for that car.

ARTICLE 20: HIGH MILEAGE AND WEIGHT LIMITATION

     Each car is limited to the number of total loaded and empty miles per calendar year shown on
the Rider and is subject to a surcharge also shown on the Rider for all excess miles.

     Lessee shall not exceed the weight limitations prescribed for operation of cars in
unrestricted interchange service as set forth under Interchange Rule 70 without Lessor’s prior
written consent.

ARTICLE 21: USE OF CARS ON CERTAIN ROADS UNDER AAR CIRCULAR OT-5

     Lessee is responsible for obtaining all consents or authority to use the cars on any railroad.
Upon the written request of Lessee (which request shall name the railroads involved) Lessor shall
use reasonable efforts to obtain from each named railroad consents or authority to place the cars
in service under provisions issued by such railroad or the AAR, including, without limitation, the
provisions of AAR Circular OT-5 as promulgated by the Association of American Railroads and all
supplements thereto and reissues thereof. Lessee shall furnish to Lessor such information as is
necessary to apply for and obtain such consents or authority. Lessor, however, shall not be liable
for failure to obtain such consents or authority for any reason whatsoever and this Lease shall
remain in full force and effect notwithstanding any failure of Lessor or Lessee to obtain such
consents or authority.

ARTICLE 22: INDEMNIFICATIONS

     Lessee shall defend (if such defense is tendered to Lessee), indemnify and hold Lessor
harmless from and against and does hereby release Lessor from all claims, suits, liabilities,
losses, damages, costs and expenses, including attorney’s fees, in any way arising out of, or
resulting from, a) the condition, storage, use, loss of use, maintenance, possession, operation,
abandonment or return of the cars, b) any commodity or substance carried in any of the cars,
including, without limitation, any corrosion or contamination by or to any commodity or substance
carried in any of the cars, and any damage to property, death or bodily injury resulting therefrom,
c) any loading or unloading devices of any car, d) any present or future applicable law, rule or
regulation, including, without limitation, common law and environmental law, related to the
release, removal, discharge or disposition, whether intentional or unintentional, of any commodity
or substance from or placed in a car during the term of this Lease, or any other cause whatsoever,

5

 

except to the extent the same results from Lessor’s negligence or except to the extent a railroad
has assumed full responsibility and satisfies such responsibility.

ARTICLE 23: TAXES AND LIENS

     Lessor shall be liable for and pay all Federal, State or other governmental property taxes
assessed or levied against the cars, except that (i) Lessee shall be liable for and pay such taxes
when cars bear reporting marks and numbers other than Lessor’s and (ii) Lessee shall be liable at
all times for and shall pay or reimburse Lessor for the payment of any sales, use, leasing,
operation, excise, gross receipts and other taxes with respect to the cars, together with any
penalties, fines or interest thereon and (iii) all duties, imposts, taxes, investment tax credit
reductions and similar charges arising out of the use of cars outside the continental United
States. If Lessor pays any of the taxes, duties, assessments, customs duties and other charges
that Lessee is responsible to pay under this Article 23, Lessee will reimburse Lessor for such
amounts within five business days of Lessor demanding reimbursement thereof.

     Lessee acknowledges and agrees that by the execution of this Lease it does not obtain, and by
payments and performance hereunder it does not, and will not, have or obtain any title to the cars
or any property right or interest therein, legal or equitable, except solely as Lessee hereunder
and subject to all of the terms hereof. Lessee shall keep the cars free from any liens or
encumbrances created by or through Lessee.

ARTICLE 24: DEFAULT AND REMEDIES

     If Lessee defaults in the payment of any sum of money to be paid under this Lease and such
default continues for a period of ten (10) business days after written notice to Lessee of such default or if Lessee
fails to perform any material covenant or condition required to be performed by Lessee, which
failure shall not be remedied within ten (10) business days after notice thereof by Lessor to
Lessee or if Lessee shall dissolve, make or commit any act of bankruptcy or if any proceeding under
any bankruptcy or insolvency statute or any laws relating to relief of debtors is commenced by
Lessee or if any such proceeding is commenced against Lessee and same shall not have been removed
within thirty (30) days of the date of the filing thereof or if a receiver, trustee or liquidator
is appointed for Lessee or for all or a substantial part of Lessee’s assets with Lessee’s consent
or, if without Lessee’s consent, the same shall not have been removed within thirty (30) days of
the date of the appointment thereof or if an order, judgment or decree is entered by a court of
competent jurisdiction and continues unpaid and in effect for any period of thirty (30) consecutive
days without a stay of execution or if a writ of attachment or execution is levied on any car and
is not discharged within ten (10) days thereafter, Lessor may exercise one or more of the following
remedies with respect to the cars:

1. Immediately terminate this Lease and Lessee’s rights hereunder;

	2.	 	Require Lessee to return the cars to Lessor at Lessee’s expense, and if Lessee fails to
so comply, Lessor may take possession of such cars without demand or notice and without
court order or legal process. Lessee hereby waives any damages occasioned by such taking
of possession;

	3.	 	Bring legal action to recover all rent or other amounts then accrued or thereafter
accruing from Lessee to Lessor under any provision hereunder;

	4.	 	Pursue any other remedy which Lessor may have.

     Each remedy is cumulative and may be enforced separately or concurrently. In the event of
default, Lessee shall pay to Lessor upon demand all damages, costs and expenses, including, but not
limited to, cleaning charges, charges for repairing loss or damage to the cars that are Lessee’s
responsibility under this Lease, and reasonable attorneys’ fee expended by Lessor in the
enforcement of its rights and remedies hereunder, and Lessee shall pay interest on any amount owing
to Lessor from the time such amount becomes due hereunder at a rate of twelve percent (12%) per
annum or, if not permitted to charge a rate of twelve percent (12%) per annum, the maximum rate
permitted by applicable law. In addition, Lessee shall, without expense to Lessor, assist Lessor
in repossessing the cars and shall, for a reasonable time, if required, furnish suitable trackage
space for the storage of the cars.

6

 

     Upon Lessor exercising any of the foregoing remedies, Lessor shall use commercially reasonable
efforts to lease the cars to such persons, at such rental, and for such period of time as Lessor
shall reasonably elect. Lessor shall apply the proceeds from such leasing, less all costs and
expenses incurred in the recovery, repair, storage and renting of such cars, toward the payment of
Lessee’s obligations hereunder. Lessee shall remain liable for any deficiency, which, at Lessor’s
option, shall be paid monthly as suffered or immediately, or at the end of the Lease term as
damages for Lessee’s default.

     If Lessee fails to perform any of its obligations hereunder, Lessor, at Lessee’s expense, and
without waiving any rights it may have against Lessee for such nonperformance, may itself render
such performance. Lessee shall reimburse Lessor on demand for all sums so paid by Lessor on
Lessee’s behalf, together with interest at a rate of twelve percent (12%) per annum, or if not
permitted to charge a rate of twelve percent (12%) per annum, the maximum rate permitted by
applicable law.

ARTICLE 25: LESSOR’S RIGHT TO ASSIGN

     All rights of Lessor hereunder may be assigned, pledged, mortgaged, leased, transferred or
otherwise disposed of, either in whole or in part, and/or Lessor may assign, pledge, mortgage,
lease, transfer or otherwise dispose of title to the cars, with notice to Lessee.

ARTICLE 26: DISCLAIMER OF WARRANTIES

     LESSOR MAKES NO WARRANTIES OR REPRESENTATIONS, EXPRESS OR IMPLIED, AS TO THE CONDITION,
MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE OR ANY OTHER MATTER CONCERNING THE CARS. LESSOR
SHALL NOT HAVE ANY RESPONSIBILITY TO LESSEE FOR ANY INCIDENTAL, INDIRECT, SPECIAL OR CONSEQUENTIAL
DAMAGES OF ANY NATURE, INCLUDING BUT NOT LIMITED TO INTERRUPTION OF SERVICE, LOSS OF BUSINESS OR
ANTICIPATED PROFITS. Lessee shall be solely responsible for determining that the specifications and
design of any car are appropriate for the commodities loaded therein. During the period of any
lease hereunder in which Lessee renders faithful performance of its obligations, Lessor hereby
assigns to Lessee any factory or dealer warranty, whether express or implied, or other legal right
Lessor may have against the manufacturer in connection with defects in the cars covered by this
Lease.

ARTICLE 27: RIGHT OF INSPECTION AND NOTICES

     Lessor, or its assignee, shall, at any reasonable time and without interfering with Lessee’s
operations, have the right to inspect the cars by its authorized representative wherever they may
be located for the purpose of determining compliance by Lessee with its obligations hereunder.
Lessee shall use its best effort to obtain permission, if necessary, for Lessor or its
representative to enter upon any premises where the cars may be located.

     Lessee shall notify Lessor, in writing, within three (3) days after any attachment, lien
(including any tax and mechanics’ liens) or other judicial process attaches to the cars.

ARTICLE 28: ADMINISTRATION OF LEASE

     Lessee agrees to make available to Lessor information concerning the movement of the cars
reasonably required for the efficient administration of this Lease.

     Lessee agrees to cooperate with Lessor for the purpose of complying with any reasonable
requirements of any lender, the Surface Transportation Board or the provisions of Article 9 of the
Uniform Commercial Code provided such cooperation does not materially affect the rights or
liabilities of Lessee hereunder.

7

 

ARTICLE 29: INSURANCE

     Lessee shall maintain at all times on the cars, at its expense, commercial general liability
insurance and umbrella/excess insurance (covering bodily injury, property damage and pollution
exposures, including, but not limited to, contractual liability and products liability) against
such risks, in such form as shall be reasonably satisfactory to Lessor. The requirement for
pollution liability insurance may be satisfied by scheduling a self-insured retention to an
umbrella/excess policy affording pollution liability insurance. The commercial general liability
insurance policy or self-insured retention and umbrella or excess insurance policies shall have a
combined limit of not less than $5,000,000 per occurrence, and the policies shall be endorsed to
name Lessor, Lessor’s subsidiaries and Lessor’s assignees as additional insureds as their interest
may appear.

     Prior to the Delivery Date and from time to time thereafter, Lessee shall furnish to Lessor an
original certificate demonstrating that such insurance coverage is in effect, provided, however,
that Lessor shall be under no duty to ascertain the existence or adequacy of such insurance. The
insurance maintained by Lessee shall be primary without any right of contribution from insurance
which may be maintained by Lessor. The obligations of Lessee under this Article shall be
independent of all other terms under this Lease and shall in no event relieve Lessee from any
indemnity obligation hereunder. The insurer shall give the Lessor at least thirty (30) days prior
written notice (at the address for notice to Lessor set forth herein) of any alteration in or
cancellation of the terms of such policies.

ARTICLE 30: RECIPROCAL REPRESENTATIONS AND WARRANTIES

     Lessee hereby makes to Lessor as representations and warranties of Lessee the statements set
forth in Paragraphs 1 through 6 set forth below in this Article 31, which representations and
warranties are (i) made as of the date of this Lease, and (ii) are made only to the actual
knowledge of Lessee without further inquiry. Lessor hereby makes to Lessee as representations and
warranties of Lessor the statements set forth in Paragraphs 1 through 6 set forth below in this
Article 31, which representations and warranties are (i) made as of the date of this Lease, and
(ii) are made only to the actual knowledge of Lessor without further inquiry. As used in such
Paragraphs 1 through 6, “it” refers to the entity making the statement in question.

	 	1.	 	It is a corporation duly incorporated, validly existing, and in good standing under the
laws of its state of incorporation as identified in the preamble of this Lease and is
either duly qualified to do business and is in good standing in such other jurisdictions in
which the business and activities of Lessee, or Lessor as the case may be, require such
qualification or its failure to so qualify in such other jurisdiction will not have a
material adverse impact on this Lease.
	 
	 	2.	 	It has full corporate power to enter into this Lease.
	 
	 	3.	 	The Lease has been duly authorized, executed and delivered by it and constitutes a
valid, legal and binding agreement, enforceable in accordance with the terms and conditions
set forth in the Lease, subject to bankruptcy and other creditor’s rights laws and the
principles of equity.
	 
	 	4.	 	It is not required to obtain any approval from any governmental or public body or
authority with respect to the entering into or performance of this Lease, except for any
approvals that may be required in connection with the actual operation of the cars.
	 
	 	5.	 	The entering into and performance by it of this Lease will not conflict with, or result
in a breach of, the terms, conditions or provision of any law or any regulations, order,
injunction, permit, franchise or decree of any court or governmental instrumentality by
which it is bound or to which it is subject.
	 
	 	6.	 	The entering into and performance by it of this Lease will not conflict with, or result
in a breach of, the terms, conditions or provisions of any indenture, agreement or other
instrument to which it is a party or by which it or any of its property is bound.

ARTICLE 31: MISCELLANEOUS

     This Lease, together with any and all exhibits attached hereto, constitutes the entire
agreement between Lessor and Lessee, and it shall not be amended, altered or changed except by
written agreement signed by the parties hereto.

8

 

No waiver of any provision of this Lease or consent to any departure by Lessee therefrom shall be
effective unless the same shall be in writing, signed by both parties and then such waiver of
consent shall be effective only in the specific instance and for the purpose for which it was
given.

	 	1.	 	Governing Law
	 
	 	 	 	This Lease shall be interpreted under and performance shall be governed by the laws of the
State of Minnesota.
	 
	 	2.	 	Conflict with Interchange Rules
	 
	 	 	 	In the event the Interchange Rules conflict with any provision of this Lease, this Lease
shall govern.
	 
	 	3.	 	Exhibits
	 
	 	 	 	All exhibits attached hereto are incorporated herein by this reference.
	 
	 	4.	 	Payments
	 
	 	 	 	All payments to be made under this Lease shall be made at the addresses set forth in Article 4.
	 
	 	5.	 	Severability
	 
	 	 	 	If any term or provision of this Lease or the application thereof shall, to any extent, be
invalid or unenforceable, such invalidity or unenforceability shall not affect or render
invalid or unenforceable any other provision of this Lease, and this Lease shall be valid
and enforced to the fullest extent permitted by law.
	 
	 	6.	 	Headings
	 
	 	 	 	The headings that have been used to designate the various Sections and Articles hereof are
solely for convenience in reading and ease of reference and shall not be construed in any
event or manner as interpretative or limiting the interpretation of the same.
	 
	 	7.	 	Survival
	 
	 	 	 	All indemnities contained in this Lease shall survive the termination hereof. In addition,
the obligation to pay any deficiency, as well as the obligation for any and all other
payments by Lessee to Lessor hereunder shall survive the termination of this Lease or the
lease contained herein.
	 
	 	8.	 	Counterparts
	 
	 	 	 	This Lease may be executed in any number of counterparts, each of which when executed and
delivered (by facsimile or otherwise) will be deemed to be an original, and all of which
together will constitute one and the same document.

ARTICLE 32: ADDRESSING OF NOTICES

     Any notice required or permitted hereunder shall be in writing and shall be delivered to the
respective parties hereto by personal delivery thereof or by telegram, telex, telecopier or deposit
in the United States mail as a certified or registered matter, return receipt requested, postage
prepaid, and addressed to the respective parties as follows, unless otherwise advised in writing.

	 	 	 	 	 
	Lessee to Lessor:

	 	 	 	Lessor to Lessee:
	 
	 	 	 	 
	Midwest Ethanol Transport, LLC

	 	 	 	UBE Ingredients, LLC
	PO Box 162

	 	 	 	2868 North Ridge Road

9

 

	 	 	 	 	 
	Granite Falls, MN 56241

	 	 	 	Wichita, KS 67205
	Fax: (320) 564-3278

	 	 	 	Fax: (316) 616-3786
	Attn: Lynda Langseth

	 	 	 	Attn: Byron Stewart
	 
	 	 	 	 
	 

	 	With a copy to:	 	 
	 

	 	 	 	US BioEnergy Corporation
	 

	 	 	 	5500 Cenex Drive
	 

	 	 	 	Inver Grove Heights, MN 55077
	 

	 	 	 	Fax: (866) 908-1375
	 

	 	 	 	Attn: General Counsel

IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed and delivered as
of the day of           , 2007.

LESSOR: Midwest Ethanol Transport, LLC

	 	 	 	 	 
	By:

	 	/s/ Ron Fagen
	 	 
	 

	 	 	 	 
	Title:

	 	President	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	LESSEE:

	 	United Bio Energy Ingredients, LLC	 	 
	 
	 	 	 	 
	By:

	 	/s/ Greg Schlicht	 	 
	 

	 	 	 	 
	Title:

	 	Secretary	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	ATTEST:
	 	 	 	 
	 
	 	 	 	 
	By:

	 	/s/ Kathleen R. Ploof	 	 
	 

	 	 	 	 

10

 

EXHIBIT A

CERTIFICATE OF ACCEPTANCE OF RAILROAD CAR

     This Certificate relates to the railroad cars listed below leased by Midwest Ethanol
Transport, LLC, to UBE Ingredients, LLC under a Lease Agreement for 100 railroad cars dated April
16, 2007 into which this certificate is incorporated (by Article 3 thereof).

Railcar Numbers

100 Hopper cars- MWTX 212600-699

     Lessee hereby certifies that the railcars listed above were delivered to and received by
Lessee, inspected, determined to be acceptable under the applicable standards (set forth in Article
3 of the Lease Agreement); and Lessee hereby certifies its acceptance
of the railcars as of _____.

	 	 	 	 	 
	LESSEE:

	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	BY:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	TITLE:
	 	 	 	 
	 

	 	 	 	 

11

 

RIDER TO RAILROAD CAR LEASE AGREEMENT

     Effective this 16th day of April, 2007, this Rider shall become a part of the Railroad Car
Lease Agreement between Midwest Ethanol Transport, LLC, Lessor, and UBE Ingredients, LLC, Lessee,
dated April 16, 2007 and the cars described herein shall be leased to Lessee, subject to the terms
and conditions in said Railroad Car Lease Agreement, during the term and for the rental shown
below:

	 	 	 	 	 	 	 
	 	 	 	 	Approximate	 	Base
	Number	 	 	 	Capacity	 	Monthly
	of	 	 	 	(gallons or	 	Rental
	Cars	 	Type and Description	 	cubic feet)	 	(Per Car)
	100

	 	Hopper cars – MWTX 212600-699
	 	6351 cubic feet
	 	$675 per month

Delivery -

Escalation of Monthly Rental Charge:

	1.	 	Modifications — In accordance with Article 19 of Railroad Car Lease Agreement, any change in
car design required by the AAR, DOT, FRA or other governmental authority during the term of
this lease will cause the monthly car rental to increase for each car on the month following
its modification as follows:

	 	A.	 	For modification with a useful life equal to the car itself, car rental will
increase by a monthly rate of $1.75 per car for each $100 per car of Lessor’s cost
incurred in the course of making modification.
	 
	 	B.	 	For modification with a useful life less than that of the car, monthly car
rental increase will equal cost of modification per car, including the implicit cost of
money at 10% per annum, divided by the number of months of estimated remaining life of
the modification.

	2.	 	High Mileage — In accordance with Article 20, in the event that the average number of miles
traveled by all cars under this Rider exceeds 40,000 miles (empty and loaded) in any calendar
year, the Lessee shall pay the Lessor $0.03 per mile for each mile over 40,000 traveled by
such cars.

     Lessor and Lessee agree that this Rider shall constitute a separate Lease which incorporates
the terms of the above referenced Railroad Car Lease Agreement. This Rider shall be severable from
any other cars or riders relating to the above referenced Railroad Car Lease Agreement and shall
become a separate lease which is separately transferable for all purposes.

     The minimum rental period for the cars leased hereunder shall be 60 months, and the cars shall
continue under lease thereafter for successive 60 month terms, at the same rate and under the same
conditions, unless notice, in writing, requesting cancellation shall be given by either party to
the other at least sixty (60) days prior to expiration of the initial term or any successive term
for cars covered by this Rider. Thereafter, this Rider shall terminate automatically upon the date
of release of the last car covered by this Rider.

	 	 	 	 	 	 	 	 	 	 	 
	LESSOR	 	 	 	LESSEE	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Ron Fagen
	 	 	 	By:
	 	/s/ Gregory Schlicht	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Title:

	 	President
	 	 	 	Title:
	 	Secretary	 	 
	 

	 	 
	 	 	 	 	 	 	 	 

12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]