Document:

THIRD AMENDMENT AND
CONSENT 

        THIS
THIRD AMENDMENT AND CONSENT (this “Amendment”) dated as of August 15, 2003 is
entered into among OSHKOSH TRUCK CORPORATION, a Wisconsin corporation (the
“Company”), the financial institutions signatory hereto and BANK OF AMERICA,
N.A., as Agent. 

W I T N E S S E T H:  

        WHEREAS,
the Company, various financial institutions (the “Lenders”) and Bank of America,
N.A., as Agent, are parties to a Second Amended and Restated Credit Agreement dated as of
July 23, 2001 (as previously amended, the “Credit Agreement”; capitalized terms
used but not defined herein have the respective meanings ascribed thereto in the Credit
Agreement); and 

        WHEREAS,
the parties hereto desire to amend the Credit Agreement on the terms and conditions set
forth below; 

        NOW,
THEREFORE, for good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties hereto agree as follows: 

    SECTION 1.    AMENDMENTS
TO CREDIT AGREEMENT.  Subject to the conditions set forth in Section 4, the Credit
Agreement is amended as follows:  

    1.1         Amendment
to Definition of "Applicable Base Rate Margin".  The definition of "Applicable Base Rate
Margin" is amended as follows:  

    (i)               The
chart set forth therein is amended in its entirety to read as follows:  

	Leverage Ratio
	Applicable Base Rate Margin (in basis points)

for Revolving Loans and Term Loan A

	Less

Than	Greater Than

or Equal to	
	1.5:1.0	--	0 
	2.0:1.0	1.5:1.0	0 
	2.5:1.0	2.0:1.0	12.5
	3.0:1.0	2.5:1.0	37.5
	--	3.0:1.0	62.5

    (ii)              The
reference in the last paragraph thereof to “125 basis points” is
          replaced with “62.5 basis points”.  

    1.2     Amendment
to Definition of "Applicable Commitment Fee Percentage".  The definition of "Applicable
Commitment Fee Percentage" is amended as follows: 

    (i)              The
chart set forth therein is amended in its entirety to read as follows:  

	Leverage Ratio
	Applicable Commitment Fee

Percentage (in basis points)

	Less

Than	Greater Than

or Equal to	 
	1.5:1.0	--	20.0
	2.0:1.0	1.5:1.0	25.0
	2.5:1.0	2.0:1.0	30.0
	3.0:1.0	2.5:1.0	35.0
	   --	3.0:1.0	40.0

    (ii)              The
reference in the last paragraph thereof to “50 basis points” is
          replaced with “40 basis points”.  

    1.3     Amendment
to Definition of "Applicable Offshore Rate Margin".  The definition of "Applicable
Offshore Rate Margin" is amended as follows: 

    (i)              The
chart set forth therein is amended in its entirety to read as follows:  

	Leverage Ratio
	Applicable Offshore Rate Margin (in basis points)

for Revolving Loans and Term Loan A

	Less

Than	Greater Than

or Equal to	
	1.5:1.0	--	100.0
	2.0:1.0	1.5:1.0	112.5
	2.5:1.0	2.0:1.0	137.5
	3.0:1.0	2.5:1.0	162.5
	   --	3.0:1.0	187.5

2  

    (ii)     The reference
in the last paragraph thereof to “250 basis points” is replaced with “187.5
basis points”.  

    1.1     Amendment
to Definition of “Offshore Currency Sublimit”. The definition of “Offshore
Currency Sublimit” is amended by replacing the reference to “$100,000,000” with
“$150,000,000".  

    1.2     Amendment
to Section 2.09(c). The first sentence of Section 2.09(c) is amended in its entirety to
read as follows: “The Company may, from time to time prior to January 31, 2005, seek
to increase the Aggregate Revolving Loan Commitment by an aggregate amount of up to
$75,000,000 (resulting in a maximum Aggregate Revolving Loan Commitment of $245,000,000)
upon at least three (3) Business Days’ prior written notice to the Agent, which
notice shall specify the amount of any such increase and shall be delivered at a time
when no Default or Event of Default has occurred and is continuing; provided that any
such increase in the Aggregate Revolving Loan Commitment shall be in a minimum amount of
$5,000,000 and an integral multiple of $1,000,000.” 

    1.3     Amendment
to Section 8.04(d). Section 8.04(d) is amended by (i) replacing the reference to “$35,000,000" with
“$50,000,000” and (ii) replacing the reference to “$100,000,000” with
“$150,000,000".  

    1.4     Amendment
to Section 8.08(l). Section 8.08(l) is amended by replacing the reference to “$25,000,000" with
“$35,000,000".  

    1.5     Amendment
to Section 8.16. Section 8.16 is amended by (i) replacing the reference to “$275,000,000" with
“$350,000,000” and (ii) replacing each reference to “the Second
Restatement Date” with “the effectiveness of the Third Amendment to this
Agreement”.  

    1.6     Amendment
to Section 8.17.  Section 8.17 is amended in its entirety to read as follows: 

8.17 Leverage Ratio.  The Company
shall not permit its Leverage Ratio as determined as of the last day of each fiscal
quarter to be greater than 3.50:1.0. 

    1.7     Amendment
to Section 11.09. The following sentence is added to the end of Section 11.09: “Notwithstanding
anything herein to the contrary, the Agent and each Lender may disclose to any Person,
without limitation of any kind, the U.S. tax treatment and tax structure of the
transactions contemplated hereby and all materials of any kind (including opinions or
other tax analyses) that are provided to the Agent or any Lender relating to such U.S.
tax treatment and tax structure.” 

    SECTION 2.    CONSENT. Subject to the conditions set forth in Section 4, the Required Lenders consent
to the prepayment by the Company of all of the outstanding Senior Subordinated Notes and
all related costs, premiums and fees with proceeds of Loans.  

    SECTION 3.           REPRESENTATIONS AND WARRANTIES.  The Company represents and warrants to the
Lenders and the Agent that: 

3 

    3.1     Authorization;
No Conflict. The execution and delivery by the Company of this Amendment and the
performance by the Company of its obligations under the Credit Agreement as amended
hereby (as so amended, the “Amended Credit Agreement”) have been duly
authorized by all necessary corporate action (including any necessary shareholder
action), have received all necessary governmental approval (if any shall be required),
and do not and will not (a) violate any provision of law or any order, decree or judgment
of any court or other government agency which is binding on the Company, (b) contravene
or conflict with, or result in a breach of, any provision of the articles of
incorporation, partnership agreement, by-laws or other organizational documents of the
Company or of any agreement, indenture, instrument or other document which is binding on
the Company or any Subsidiary or (c) result in, or require, the creation or imposition of
any Lien on any property of the Company or any Subsidiary.  

    3.2     Validity
and Binding Nature. This Amendment has been duly executed and delivered by the Company,
and this Amendment and the Amended Credit Agreement are legal, valid and binding
obligations of the Company, enforceable against the Company in accordance with their
respective terms, subject to bankruptcy, insolvency and similar laws affecting the
enforceability of creditors’rights generally and to general principles of equity.  

    SECTION 4.   CONDITIONS PRECEDENT. This Amendment shall become effective upon receipt by the Agent of
(a) counterpart originals of this Amendment, duly executed by the Company, the Required
Lenders and the Agent, (b) an executed confirmation of the Guarantors substantially in
the form of Exhibit A and (c) an amendment fee for each Lender that, on or before August
15, 2003, delivers an executed counterpart hereof to the Agent, such fee to equal 0.075%
of the sum of such Lender’s Revolving Loan Commitment and the unpaid principal
amount of such Lender’s Pro Rata Share of Term Loan A. For purposes hereof, a
facsimile executed copy shall be treated as an original.  

    SECTION 5.           MISCELLANEOUS. 

    5.1     Expenses.
The Company agrees to pay promptly after demand all reasonable costs and expenses of the
Agent (including reasonable fees, charges and expenses of counsel for the Agent) in
connection with the preparation, negotiation, execution, delivery and administration of
this Amendment and all other instruments or documents provided for herein or delivered or
to be delivered hereunder or in connection herewith. All obligations provided in this
Section 5.1 shall survive any termination of this Amendment and the Amended Credit
Agreement.  

    5.2     Captions.
Section captions used in this Amendment are for convenience only and shall not affect the
construction of this Amendment.  

    5.3     Governing
Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL
LAW OF THE STATE OF ILLINOIS (WITHOUT REGARD TO CONFLICTS OF LAW PROVISIONS THEREOF);
PROVIDED THAT THE BORROWER, THE AGENT AND THE LENDERS SHALL RETAIN ALL RIGHTS ARISING
UNDER FEDERAL LAW. Wherever possible each provision of this Amendment shall be
interpreted in such manner as to be effective and valid under applicable laws, but if any
provision of this Amendment shall be prohibited by or invalid under such laws, such
provision shall be ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Amendment.  

4 

    5.4     Counterparts.
This Amendment may be executed in any number of counterparts, and by the parties hereto
on the same or separate counterparts, and each such counterpart, when executed and
delivered (including by facsimile), shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same Amendment.  

    5.5     References
to Credit Agreement. Except as herein amended, the Credit Agreement shall remain in full
force and effect and is hereby ratified in all respects. On and after the effectiveness
of the amendments to the Credit Agreement accomplished hereby, each reference in the
Amended Credit Agreement to “this Agreement,” “hereunder,” “hereof,”“herein” or
words of like import, and each reference to the Credit Agreement in any Note and in any
other agreement, document or other instrument executed and delivered pursuant to the
Amended Credit Agreement, shall mean and be a reference to the Amended Credit Agreement.  

    5.6     Successors
and Assigns. This Amendment shall be binding upon the parties hereto and their respective
successors and assigns, and shall inure to the sole benefit of the parties hereto and the
successors and assigns of the Agent and the Lenders.  

[SIGNATURES BEGIN ON
NEXT PAGE] 

5 

        IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the
day and year first above written. 

		OSHKOSH TRUCK CORPORATION
	
	
By:____________________________________
		Title:___________________________________
	
	
BANK OF AMERICA, N.A., as Agent
	
	
By:____________________________________
		Title:___________________________________
	
	
BANK OF AMERICA, N.A., as a Lender
	
	
By: ________________________________________________________
		Title: _____________________________________________________
	
	
BANK ONE, NA
	
	
By: ________________________________________________________
		Title: ____________________________________
	
	
U.S. BANK NATIONAL ASSOCIATION
	
	
By: _____________________________________
		Title: ____________________________________
	
	
WACHOVIA BANK, NA f/k/a First Union National Association
	
	
By: ________________________________________________________
		Title: _____________________________________________________
	
	
HARRIS TRUST AND SAVINGS BANK
	
	
By: ________________________________________________________
		Title:_____________________________________________________

6 

	
	
LASALLE BANK N.A.
	
	
By: ________________________________________________________
		Title: _____________________________________________________
	
	
CREDIT LYONNAIS CHICAGO BRANCH
	
	
By: ________________________________________________________
		Title: _____________________________________________________
	
	
COMERICA BANK
	
	
By: ________________________________________________________
		Title: _____________________________________________________
	
	
M&I MARSHALL & ILSLEY BANK
	
	
By: ________________________________________________________
		Title: _____________________________________________________
	
	
THE BANK OF NEW YORK
	
	
By: ________________________________________________________
		Title: _____________________________________________________
	
	
BANK OF SCOTLAND
	
	
By: ________________________________________________________
		Title: _____________________________________________________
	
	
SUNTRUST BANK
	
	
By: ________________________________________________________
		Title:_____________________________________________________
	
	
THE NORTHERN TRUST COMPANY
	
	
By: ________________________________________________________
		Title: _____________________________________________________
	
	
MIZUHO CORPORATE BANK, LTD.
	
	
By: ________________________________________________________
		Title: _____________________________________________________

7 

EXHIBIT A 

CONFIRMATION 

August 15, 2003 

	To: 	Bank
of America, N.A., individually and as Agent, 
and the other financial institutions party
to the 
Credit Agreement referred to below 

        Please
refer to the Third Amendment dated as of the date hereof (the “Amendment”) with
respect to the Second Amended and Restated Credit Agreement dated as of July 23, 2001 (as
amended, the “Credit Agreement”) among Oshkosh Truck Corporation, various
financial institutions (the “Lenders”) and Bank of America, N.A., as Agent (the
“Agent”). 

        Each
of the undersigned hereby confirms to the Agent and the Lenders that such undersigned has
received a copy of the Amendment and that, after giving effect to the Amendment and the
transactions contemplated thereby, each Loan Document to which such undersigned is a party
continues in full force and effect and is the legal, valid and binding obligation of such
undersigned, enforceable against such undersigned in accordance with its terms. 

		OSHKOSH TRUCK CORPORATION
		IOWA CONTRACT FABRICATORS, INC.
		KENSETT FABRICATORS, INC.
		KEWAUNEE FABRICATIONS, L.L.C.
		MCINTIRE FABRICATORS, INC.
		MCNEILUS COMPANIES, INC.
		MCNEILUS FINANCIAL, INC.
		MCNEILUS FINANCIAL SERVICES, INC.
		MEDTEC AMBULANCE CORPORATION
		MCNEILUS TRUCK AND MANUFACTURING, INC.
		PIERCE MANUFACTURING INC.
		PIERCE WESTERN REGION REFURBISHMENT CENTER, INC.
		OSHKOSH LOGISTICS CORPORATION
		VIKING EQUIPMENT LEASING, INC.
		VIKING TRUCK & EQUIPMENT SALES, INC., a Michigan corporation
		VIKING TRUCK & EQUIPMENT SALES, INC., an Ohio corporation
	
	
By: _________________________________
		Name: _______________________________
		Title: _________________________________

8 

		WINDMILL VENTURES C.V.
		By: Total Mixer Technologies, L.L.C., its general partner
		By: ________________________________
		Name: ______________________________
		Title: _______________________________
		By: Summit Performance Systems, L.L.C., its general partner
		By: ________________________________
		Name: ______________________________
		Title: _______________________________
		TOTAL MIXER TECHNOLOGIES, L.L.C.
		By: _________________________________
		Name: _______________________________
		Title: _________________________________
		SUMMIT PERFORMANCE SYSTEMS, L.L.C.
		By: _________________________________
		Name: _______________________________
		Title: _________________________________

9EXHIBIT 10(A)

                               (REVISED Nov. 2002)
                                GROWERS AGREEMENT
                                -----------------

                  (Applicable to all Farmer-Grower-Stockholders
                        of Minn-Dak Farmers Cooperative)

         This agreement is entered into between _______________________________,
a farmer-grower-stockholder of Minn-Dak Farmers Cooperative, Wahpeton, North
Dakota, whose mailing address is ______________________________________________,
hereinafter referred to as the "Grower"; and MINN-DAK FARMERS COOPERATIVE of
7525 Red River Road, Wahpeton, North Dakota, hereinafter referred to as the
"Cooperative".

         This Growers Agreement provides as follows:

         1. The Grower agrees to prepare the land, plant, care for, harvest and
deliver the product of ________ Units of stock times 1.35 acres of sugarbeets
each year for the farming years commencing on ______________ and continuing for
a period of one (1) year. (Each Unit consists of one share of the Company's
Class A Preferred Stock, par value $105 per share, one share of the Company's
Class B Preferred Stock, par value $75 per share and one share of the Company's
Class C Preferred Stock, par value $76 per share). At the end of each "farming
year" the term of this agreement shall automatically be renewed for an
additional period of one (1) year so that at the commencement of each year of
farming, there shall be a term of one (1) year remaining, unless notice of
termination shall have been given by the Cooperative to the grower prior to the
beginning of any farming year with the termination effective as of the end of
that year. For purposes of this agreement, a "farming year" shall commence on
January 1 and run through December 31 of each year.

         (a) The Grower agrees that in the planting of said sugarbeets the
Grower will follow a crop rotation plan which will be established by the
Cooperative from time to time. (See Addendum A for current crop rotation policy)

         (b) The Grower agrees that annually the Grower will furnish and enter
into an annual requirement agreement with the Cooperative setting forth the
description of the land on which said sugarbeets will be grown and including
such other information as may be required by the Cooperative. Each current
annual requirement shall become a part of this agreement and be binding upon the
parties hereto.

         (c) The Grower agrees that the designations of acreage location shall
be subject to approval of the Cooperative based on location, soil type and
drainage considerations.

                                                                              55
<PAGE>

         (d) The Grower agrees to notify and receive written approval from two
members of the Agricultural Staff and the vice president of agriculture before
acreage is destroyed.

         (e) The Grower shall not plant sugarbeets on any land on which canola
has been planted during any of the previous six years.

         2. The Grower agrees to furnish the Cooperative with such information
as it may request from time to time regarding the crop or crops covered by this
agreement. Representatives of the Cooperative shall also have the right to enter
the Grower's beet fields from time to time during the growing and harvesting
seasons to inspect the crops thereon and to take samples for testing in
ascertaining the quality of the beets.

         3. The Grower will harvest and deliver to the Cooperative all beets
grown under this contract, said delivery to be made at such times and in such
quantities and to such place or places as may be designated by the Cooperative.
All beets delivered hereunder shall be properly topped as designated by the
Cooperative's Agricultural Department. All beets shall be subject to a proper
deduction for tare. There shall be deducted from the gross weight of beets
delivered hereunder, before net tons are determined, the Grower's tare weight,
as determined by the Cooperative's method of sampling loads for tare and through
the use of the Cooperative's laboratory which measures each Grower's beet sample
for dirt, stones, trash and other foreign substances. Each Grower's daily
average tare percentage, as determined by all load samples of the Grower for
that delivery day or delivery day by field, if field method is used by Grower,
is used to determine the tare weight of all beets delivered by the Grower for
that delivery day. The Cooperative has the option of rejecting any diseased,
frozen or damaged beets; beets which, in the Cooperative's opinion, are not
suitable for the manufacture of sugar; beets as to which in the Cooperative's
opinion, the terms and conditions of this contract have not been properly
complied with or for any other bona fide reason.

         4. Any grower deciding not to plant 1.25 acres per unit of Cooperative
stock owned by the Grower in any one year, shall be subject to a maximum penalty
of $1000 per acre found to be in violation following a hearing by the Board of
Directors. Provided, however, if weather conditions or an act of God prevented
said grower from planting all the Grower's acreage and after a review has been
conducted by the Board of Directors and Agricultural Department Staff person
from the grower's district, and a finding to that effect is made by the Board of
Directors, such failure may be excused.

         5. Any Cooperative member grower refusing to replant acreage where
necessary through June 20, will be required to pay the Cooperative a sum equal
to 100% of the Cooperative's direct overhead costs per acre. (See Addendum A for
calculation of direct overhead costs per acre)

Such penalty will be assessed on all of the acres, up to 1.25 acres per unit of
stock owned, which such grower fails to replant through June 20.

                                                                              56
<PAGE>

         6. The Cooperative may assess a penalty against any Grower who it
determines, after a review by the Board of Directors and the Agricultural Staff,
has not properly cared for the crop. The penalty shall be a sum equal to 100% of
the Cooperative's direct overhead costs per acre. (See Addendum A for
calculation of direct overhead costs per acre)

         7. Any grower having acres unreported to the Cooperative over and above
the Grower's contracted acres plus the overplant permitted in that year after
the August 1st deadline for destroying acres, will be penalized for such excess
of unreported acres in the following manner. First, there shall be a hearing
before the Board of Directors and a finding as the number of acres in violation.
Second, the following overplant penalties shall be assessed.

         First Violation.

         1. If the unreported acres are discovered prior to harvest, the
         sugarbeets shall be destroyed and the grower shall be assessed a
         penalty of $200 per acre found in violation.

         2. If the unreported acres are discovered after harvest, the grower
         shall forfeit the crop raised on the acres determined to have been
         unreported. The forfeiture of the crop shall be implemented by reducing
         the grower's total pounds of sugar by the pounds of sugar produced on
         the number of acres determined by the Board to be unreported, using the
         total farm average/acre. This will adjust downward all future payments
         for this crop made to the grower including the trucking payment. Any
         amount already paid for these pounds of sugar to the grower shall be
         deducted from the next beet payment to be made.

         3. In addition to number one or two above, the grower shall be required
         to sign a release authorizing the FSA Office to provide to Minn-Dak all
         certification of acres records for a three-year period following the
         year of the violation. These records will be used by the field man for
         comparison with Minn-Dak records. If any discrepancy is found it will
         be brought to the attention of the Board.

         Second Violation.

         In addition to the penalties stated under First Violation, the Grower
         shall be subject to a maximum penalty of $1000 per acre found to be in
         violation following a hearing by the Board of Directors.

         8. It is understood and agreed that if any Governmental authority shall
establish any restrictions, allotment or quota upon the growing, production or
processing of beets, or the output, transportation or sale of beet sugar, then
the Cooperative may

                                                                              57
<PAGE>

reduce to the extent which it deems necessary the acreage of beets herein
contracted for, and shall be obligated to purchase beets only from such reduced
acreage.

         9. Grower also agrees not to intentionally apply to the crop or land on
which the crop is grown any pesticide chemical, or other substance, as defined
in all applicable Federal and State laws, unless a regulation shall then be in
effect, exempting such chemical from the necessity of a tolerance or
establishing a tolerance for such chemical, in which event such chemical shall
be applied to the crop or land only at such time and in such manner and
quantities as shall be specified in the labeling of such chemical and so that
any residue of such chemical on beets delivered hereunder shall be within the
tolerance specified in such regulation. The Cooperative reserves the right to
reject the delivery of any beets not complying with this provision and assess
back to the grower direct costs incurred by the Cooperative in each incident.
(See Addendum A for calculation of direct costs.)

         In addition to the penalties stated above, in the event of a second
violation, the Grower shall be subject to a maximum penalty of $1000 per acre
found to be in violation following a hearing by the Board of Directors.

         10. The Grower agrees that, in connection with the growing and delivery
of beets under this contract, he will comply with all applicable laws, including
but not limited to child and migrant labor laws, and all regulations or rulings
relating thereto issued by any duly authorized governmental authority.

         11. Seed varieties to be planted by Growers must be approved by the
Cooperative's Seed Committee. All sugar beet seed to be planted by the Grower
must be purchased by the Grower from the Cooperative with the exception of seed
used in field test plots for which all seed must be approved by the
Cooperative's Ag Staff. Any sugarbeets raised from GMO seed shall not be
delivered to the Cooperative. The Cooperative agrees to use its best efforts to
obtain its seed inventory at the best possible prices and terms and to resell
such seed to the Grower at no profit to the Cooperative. The Cooperative makes
no warranty of merchantability, fitness for a particular purpose, productiveness
or any other warranty as to any seed furnished by the Cooperative, except that
seed furnished by the Cooperative is warranted, to the extent of the purchase
price only, to be as described on the seed container within recognized
tolerances. It is also expressly agreed that the Cooperative does not guarantee
a crop. The Cooperative reserves the right to reject the delivery of any beets
not complying with this provision and assess back to the grower direct costs
incurred by the Cooperative in each incident. (See Addendum A for calculation of
direct costs.)

         In addition to the penalties stated above, in the event of a second
violation, the Grower shall be subject to a maximum penalty of $1000 per acre
found to be in violation following a hearing by the Board of Directors.

         Further, any Grower who knowingly jeopardizes the processibility or
marketability of the crop or a portion of the crop through actions, including
but not

                                                                              58
<PAGE>

limited to, use of nonlabeled chemicals or planting of unapproved beet seed
varieties, may be held liable for damages incurred by the Cooperative including
consequential damages.

         12. The amount charged for all beet seed furnished by the Cooperative
to the Grower hereunder, and all charges, penalties, costs and/or advances made
to the Grower by the Cooperative shall constitute a debt from the Grower to the
Cooperative which the Cooperative shall have the right to collect as in the case
of any other contractual obligation. The Cooperative shall have the right, at
its option, to treat any such amounts, advances or indebtedness as part payment
for beets grown and delivered under this contract. Any such amounts, advances,
or indebtedness which are due and payable or which hereafter may become due and
payable from the Grower to the Cooperative shall be, become, and remain a first
and prior lien on the crop of sugar beets to be grown hereunder and shall be
deducted by the Cooperative from the initial payment or any subsequent payment
from the Cooperative to the Grower which shall become due hereunder, or under
any subsequent beet contract between the Cooperative and the Grower.

         13. The Cooperative will furnish all loading equipment at the loading
stations, pay all freight charges from outside piling stations, and pay mileage
on beets assigned to and delivered to all receiving stations in accordance with
policies determined by the Cooperative. (See Addendum A for current Receiving
Station Regulation) Upon delivery to and acceptance by the Cooperative of the
sugarbeets as provided for herein, title thereto shall be deemed to vest, and
shall be vested, in the Cooperative.

         14. The Grower specifically acknowledges and agrees that the Grower may
be required by the Cooperative to take back sugarbeets, dirt or other
substances, if determined by the Board of Directors that hauling out is
necessary and legally feasible.

         15. Each year of this agreement, the Cooperative will pay to the Grower
for beets delivered and accepted at the time and in the manner hereinafter
provided, a price per pound of extractable sugar, determined to be as follows:

         (a) Extractable pounds of sugar will be determined by the Cooperative
in its laboratory from beet samples statistically taken from each Grower at its
receiving stations. The beet samples will be tested for sugar content and
purity, and said results used in a formula to determine extractable pounds of
sugar delivered. (See Addendum A for calculation of extractable pounds of
sugar.)

         (b) In addition, each Grower will be reviewed for eligibility for early
harvest bonus extractable pounds of sugar. The bonus extractable pounds of sugar
will be determined by a formula that takes into account the delivery date in
early harvest, as well as the extractable pounds of sugar delivered on that same
date. (See Addendum A for the current Bonus Sugar Formula and Early Harvest
Delivery Policy.)

                                                                              59
<PAGE>

         (c) Payment to the Grower will be an amount equal to the individual
Grower's total delivered extractable pounds of sugar (as determined in 15a.)
plus the calculated pounds of early harvest bonus sugar (as determined in 15b.),
multiplied by the price to be paid per pound of extractable sugar to all
Growers.

         (d) The price per pound of extractable sugar to all Growers will be
determined by dividing the total Grower proceeds by the total pounds of
extractable and bonus sugar delivered from all Growers. Growers proceeds are
defined as the amount after deducting from gross sales, all costs, charges,
expenses, and margins (including reserves but excluding payments to growers) as
are regularly and customarily deducted from gross sales in accordance with the
Cooperative's system of accounting heretofore established.

         (e) If in the opinion of the Board of Directors of the Cooperative, the
working capital position of the Cooperative is at any time insufficient, the
Cooperative may and shall retain from the price to be paid for beets such
amount(s) as are deemed necessary by the Board of Directors, the deduction(s) to
be made at such time(s) as the Board of Directors shall require; and such
amounts(s) as may be retained shall be evidenced in the records of the
Cooperative by equity credits in favor of the Shareholders.

         16. Settlements shall be made as follows:

         For all beets delivered from the beginning of harvest up to and
including October 31st, initial payments shall be made on or about November 15th
of the year in which beets are delivered to the Cooperative; for all beets
delivered after October 31st, initial payment shall be made no later than the
15th day of each month for beets delivered during the previous calendar month.
Further, each Grower agrees to the following:

         (a) The first payment shall not exceed 65 percent of the estimated
price to be paid per pound of extractable sugar to all Growers;

         (b) The second payment shall be paid on the first Friday in February,
and shall bring the total of the first and second payments to an amount not to
exceed 70 percent of the estimated price to be paid per pound of extractable
sugar to all Growers;

         (c) The third payment shall be paid on the first Friday in April, and
shall bring the total of the first, second and third payments to an amount not
to exceed 80 percent of the estimated price to be paid per pound of extractable
sugar to all Growers;

         (d) The fourth payment shall be paid on the first Friday in July, and
shall bring the total of the first, second, third and fourth payments to an
amount not to exceed 95 percent of the estimated price to be paid per pound of
extractable sugar to all Growers;

         (e) The final payment shall be determined as of the end of the
Cooperative's fiscal year, after the Board of Directors has reviewed the final
audited financial statements of the Cooperative; and shall bring the total of
the payments to an amount equal to the price to be paid per pound of extractable
sugar to all Growers.

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<PAGE>

         17. The Grower is an independent contractor. Agricultural or other
advice may be offered the Grower by the Cooperative's representatives, but the
Grower's status as an independent contractor shall not be thereby affected. In
no event shall the Cooperative be responsible for any failures or partial
failures of the crop or damage to the beets or actions of the Grower.

         18. In case of the bankruptcy of the Cooperative, the destruction of an
integral part of the factory and the Cooperative's failure or inability to
rebuild or repair the same, or in the event of fire, strikes, accidents, acts of
God and the public enemy, or other causes beyond the control of the parties
which prevent the Grower from the performance of this contract or the
Cooperative from utilizing the beets contracted for in the manufacture of sugar
therefrom, shall excuse the respective parties hereto from the performance of
this contract. Furthermore the Cooperative shall not be subject to any damage
for failing to receive the sugarbeets of the Grower, the Grower hereby waiving
and abandoning any rights or claims which the Grower may have for such damages,
if any. However, in the event the Bank shall through foreclosure or otherwise
acquire in whole or in part the assets of the Cooperative, the Growers shall
remain obligated hereunder as though the contract were originally entered into
between the Growers and the Bank.

         19. The Grower acknowledges and agrees that the Grower may be liable to
the Cooperative for damages in the event the Grower's actions result in a loss
to the Cooperative. Any Grower who knowingly jeopardizes the processibility or
marketability of the crop or a portion of the crop through actions, including
but not limited to, use of nonlabeled chemicals or planting of unapproved beet
seed varieties, may be held liable for damages incurred by the Cooperative
including consequential damages.

         20. It is mutually agreed that there are no other or different
documents, representations, promises or agreements affecting this agreement, and
that this agreement, the annual requirement, the Articles of Incorporation and
By-Laws of the Cooperative, constitute the full, free and complete understanding
of the parties.

         21. No agent of the Cooperative has any authority to change, waive, or
modify any of the terms or provisions of this contract.

         22. This Agreement may be amended effective at the beginning of any
calendar year by the Cooperative giving notice to the Grower of the amendment by
November 1 of the prior year and providing a new Agreement to the
Grower/Shareholder for signature prior to the planting of the crop.

         23. This agreement shall be binding upon the Grower, the Grower's
heirs, legal representative, successors, and assigns, and upon the Cooperative,
its successors and assigns, and shall not be transferable by the Grower without
the written consent of the Cooperative, its successors and assigns; and shall
apply equally to owned, rented or leased acres.

                                                                              61
<PAGE>

         24. By signing this Growers Agreement, the parties specifically agree
that all prior Growers Agreements between the Grower and the Cooperative are
hereby cancelled effective on the first day of the year following the date this
agreement is signed by both parties.

         IN WITNESS WHERE OF, the Grower has hereunto executed this Growers
Agreement on this _____ day of _______________, 20 _____.

-------------------------------                     ---------------------------
Farmer-Grower-Stockholder                           Farmer-Grower-Stockholder

                            ACCEPTANCE BY COOPERATIVE
                            -------------------------

This Growers Agreement is hereby accepted by the Board of Directors of Minn-Dak
Farmers Cooperative on this _____ day of ________________________, 20 _____.

                                        MINN-DAK FARMERS COOPERATIVE

                                        By
                                           ------------------------------------

                                                                              62
<PAGE>

                                   ADDENDUM A
                                      2002

A.  (G.A.-1a,) CROP ROTATION POLICY: The board of directors adopted a
         policy for a three-year rotation for all sugarbeets, including
         irrigated acres, unless authorized by the board in an emergency
         situation only.

B.  (G.A.-5,6) DIRECT OVERHEAD COST CALCULATION: Direct Overhead Cost
         Calculation is defined as a penalty equal to 100% of the cooperative's
         prior fiscal year's actual fixed costs per acre for the number acres
         involved. Overhead costs vary from year to year depending on the crop
         size. Total actual fixed costs for the prior fiscal year divided by the
         total number of harvested acres would equal the fixed cost per acre.
         The cost per acre times the number of acres involved equals the amount
         of the penalty. An example for 25 affected acres would be:
                  $18,417,358 FY2003 fixed costs / 112,346 2002 crop harvested
                           acres = $163.93 fixed cost per acre
                  $163.93  fixed cost per acre X 25 acres = $4,098.25 penalty

C.  (G.A.-9,11) DIRECT COSTS DEFINITION: Direct costs are defined as all
         direct and indirect costs incurred by the cooperative to mitigate said
         violation of the Growers Agreement. These would include but not be
         limited to the following: director(s) fees, analysis and testing costs,
         travel expenses and attorney(s) fees.

D.  (G.A.-13) RECEIVING STATION REGULATIONS
                       (year)

         1.       Grower shall pick up cards, stickers, letters and truck
                  numbers at preharvest meetings.

         2.       Designated sticker certification will be required on all
                  trucks to be unloaded at factory.

         3.       Growers with 24-hour trucks shall haul the full 24 hours.

         4.       In case of breakdowns, the Agriculturist must be contacted
                  prior to any substitute truck being authorized.

         5.       In the absence of the Agriculturist, the piler operator has
                  the authority to enforce Minn-Dak Policy regarding harvest
                  deliveries.

         6.       The grower is ultimately responsible for a driver's conduct at
                  the receiving station. Drivers suspected of operating trucks
                  under the influence of drugs/alcohol will not be allowed to
                  unload their trucks and will be reported to law enforcement
                  officials. Growers will be notified if any of their drivers
                  are driving unsafely at the receiving station. Any driver
                  considered unfit to drive or

                                                                              63
<PAGE>

                  who refuses to conform to receiving station rules will be
                  dismissed by the Agriculturist. Any criminal conduct will be
                  reported to law enforcement officials.

         7.       Growers whose drivers block the scale intentionally, or act in
                  any manner which causes delay in delivery of sugarbeets at the
                  receiving station in any way, will not be allowed to deliver
                  any beets for a minimum of 24 hours as determined by the
                  Agriculturist.

         8.       Drivers shall not drive over beets at the toe of the pile,
                  miss their tare dirt or drive over an unprotected portion of
                  the power cord.

E.  (G.A.-15a) EXTRACTABLE SUGAR FORMULA: The formula for arriving at total
         pounds of extractable sugar delivered per grower is as follows:

                  o   Each day's delivery of beets by each grower is sampled for
                  RDS (which is converted to purity), sugar content and net
                  weight of beets.

                  o   The samples are averaged for purity and sugar content, and
                  those averages are plugged into a formula to determine pounds
                  of extractable sugar per ton of beets delivered.

                  The formula is:

                          [40.4(S)] - [2040(S)] - 12 = Pounds of Sugar Per Ton
                                                                Q

                  Where: S = % sugar content
                            Q = Purity

                  o   After determining the pounds of extractable sugar per ton
                  for the grower for that day's delivery of beets, that
                  resultant number is multiplied by the total net tons of beets
                  delivered for that day, resulting in the total pounds of
                  extractable sugar delivered for that day for each grower. Each
                  day's deliveries are calculated and accumulated until the
                  total pounds of extractable sugar delivered for the entire
                  harvest, by grower, has been determined.

F.  (G.A.-15b) EARLY HARVEST DELIVERY POLICY (including Bonus Sugar Formula):

                  1. The plan is based upon a premium payment for beet
                  deliveries during early harvest starting in September and
                  continuing to the first day of stockpiling in October.

                  2. Premium payment is on a daily declining percentage rate of
                  two percent (2%). The initial premium will be determined by
                  the interval from the first day of early harvest, up to, but
                  not including the first day of main harvest.

                  Example: Early-harvest starts September 10

                                                                              64
<PAGE>

                           Main harvest starts October 5
                                                      --
                                                      25 day interval

                  All deliveries on September 10 will receive a fifty percent
                  (50%) adjustment, on September 11, a 48% adjustment, and
                  continue the adjustment decline at 2% per day until deliveries
                  on October 4 would receive only a 2% adjustment.

                  3. The actual pounds of extractable sugar delivered on any
                  delivery day will be multiplied by the premium adjustment for
                  that day. This "Bonus Sugar" will be added to the grower final
                  total extractable sugar delivery and paid for at the final
                  average rate per pound for the crop.

                  4. Growers will receive and be expected to deliver the
                  assigned pre-harvest tonnage quotas on the specific scheduled
                  receiving station operating days. The agriculture department
                  must approve and be informed of any quota adjustments between
                  growers. All quotas are gross tons (before tare deduction).

                  5. Unless specifically requested by the agriculture
                  department, no premium payment will be paid on deliveries in
                  excess of assigned quotas.

                  6. Premium payment example:

                           September 10 = 50% premium adjustment
                           Grower delivers 100 tons with 20,000 pounds of
                           extractable sugar
                           20,000 X 50% - 10,000 pounds of Bonus Sugar

                           September 20 = 30% premium adjustment
                           Grower delivers 100 tons with 20,000 pounds of
                           extractable sugar
                           20,000 X 30% - 6,000 pounds Bonus Sugar

                           September 30 = 10% premium adjustment
                           Grower delivers 100 tons with 20,000 pounds of
                           extractable sugar
                           20,000 X 10% - 2,000 pounds Bonus Sugar

                                                                              65

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