Document:

FIFTH AMENDMENT TO CONSTRUCTION AND TERM

LOAN AGREEMENT

          THIS
FIFTH AMENDMENT TO CONSTRUCTION AND TERM LOAN AGREEMENT (this “Amendment”),
dated as of May 31, 2008, is executed by and among LEVELLAND/HOCKLEY COUNTY
ETHANOL, LLC, a Texas limited liability company (the “Borrower”), each
of the Lenders or other lending institutions which is a signatory hereto or any
successor or assignee thereof, and GE BUSINESS FINANCIAL SERVICES INC.,
formerly known as Merrill Lynch Business Financial Services Inc.1 (in
its capacity as administrative agent for the Lenders, together with its
successors in such capacity, the “Administrative Agent”). 

R E C I T A L S:

          A.
The Borrower, the Lenders, and the Administrative Agent are parties to that
certain Construction and Term Loan Agreement, dated as of September 27, 2006,
as amended by (a) that certain First Amendment to Construction and Term Loan
Agreement and other Loan Documents dated as of August 10, 2007, (b) that
certain Second Amendment to Construction and Term Loan Agreement dated as of
February 15, 2008, (c) that certain Third Amendment to Construction and Term
Loan Agreement dated as of February 19, 2008, and (d) that certain Fourth
Amendment to Construction and Term Loan Agreement (the “Fourth Amendment”)
dated as of May 31, 2008 (as has been and may be amended, modified,
supplemented or restated from time to time, the “Loan Agreement”). 

          B.
The Borrower, the Administrative Agent and the Lenders desire to amend the Loan
Agreement as described herein, subject to the terms and conditions contained
herein. 

          NOW,
THEREFORE, in consideration of the premises herein contained and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows intending to be legally
bound: 

ARTICLE I

Definitions

          Section
1.1 Definitions. Capitalized terms used in this Amendment, to the extent
not otherwise defined herein, shall have the same meanings as in the Loan
Agreement, as amended hereby. 

ARTICLE II

Amendments

          Section
2.1 Loan Conversion Request. Borrower acknowledges and agrees that (i)
the Loan Conversion must occur on or before May 31, 2008 pursuant to the terms
of the Loan 

	
 

	
 

	

	
1

	
On February 4, 2008, Merrill
 Lynch Business Financial Services Inc. (“MLBFS”) was acquired by a subsidiary of General
 Electric Capital Corporation and on March 26, 2008 MLBFS’s name was changed
 to GE Business Financial Services Inc.

Fifth Amendment to Construction and Term Loan Agreement – Page 1

Agreement,
(ii) all conditions for a Loan Conversion have not been satisfied, and (iii)
Borrower has requested that the Loan Conversion occur despite the fact that all
conditions have not been satisfied. Borrower and Administrative Agent agree
that this Amendment shall satisfy the condition that Borrower timely give a
Loan Conversion Request pursuant to Section 2.5(a)(i) of the Loan Agreement. 

          Section
2.2 Loan Conversion. Borrower and Administrative Agent agree that the
Loan Conversion shall be deemed to have occurred effective June 1, 2008. The
Conversion Date shall be June 1, 2008. This Amendment shall be deemed to
satisfy the requirement for a Conversion Notice. 

          Section
2.3 Advance of Loan Proceeds. Borrower acknowledges and agrees that all
conditions for a final Advance of the Loan proceeds have not been satisfied.
Nevertheless, Borrower and Administrative Agent agree that the Commitment
amount as of the date of this Amendment that has not previously been Advanced
is $2,696,070 and shall be Advanced upon execution of this Amendment by all
parties into a Special Account at City Bank, Levelland, Texas (“Special
Account Depository”) to be held and disbursed in accordance with the
provisions of this Amendment. Such Special Account and the funds therein
(collectively, the “Disbursement Account”) shall be Collateral. Borrower
shall execute and shall cause to be executed from time to time such documents
as Administrative Agent may request to assure the Administrative Agent’s and
the Lenders’ rights in and perfection as a first priority security interest (in
favor of Administrative Agent) against the Disbursement Account, and shall
comply with all other applicable provisions of the Loan Documents related to
such Collateral. Borrower shall execute, and shall cause the Special Account
Depository to execute, a control agreement (the “Control Agreement”) in
favor of Administrative Agent and in form and substance acceptable to
Administrative Agent affirming Administrative Agent’s first lien security
interest in and to the Disbursement Account, agreeing to the terms of this
Amendment and Administrative Agent’s rights under the Loan Documents with
respect to the Disbursement Account, and containing such additional provisions
as Administrative Agent may reasonably require. 

          Section
2.4 Terms and Disbursement of Disbursement Account. Borrower shall not
have the right for Borrower to make withdrawals of any funds from the
Disbursement Account or to amend or terminate the Disbursement Account.
Disbursements of funds in the Disbursement Account can only be made by
Administrative Agent consistent with this Amendment. Administrative Agent shall
have exclusive control of and the right to amend the Disbursement Account. The
funds, and all earnings from the funds, in the Disbursement Account shall be
owned by Borrower unless Administrative Agent exercises its security interest
rights to obtain the funds in the Disbursement Account. For Borrower to receive
a disbursement of any funds in the Disbursement Account, Borrower must comply
with all covenants and conditions in the Loan Agreement related to Borrower
obtaining an Advance of Loan proceeds in the same manner as if the funds in the
Disbursement Account were the last, remaining unadvanced Loan proceeds. 

          Section
2.5 Section 2.5 of the Loan Agreement. The conditions set forth in
Section 2.5(b) of the Loan Agreement are hereby deleted; provided this shall
not be construed that each such condition was satisfied. 

Fifth Amendment to Construction and Term Loan Agreement – Page 2

          Section
2.6 Section 3.4 of the Loan Agreement. Section 3.4(d) of the Loan
Agreement is hereby deleted. 

          Section
2.7 Section 3.5 of the Loan Agreement. Borrower agrees that each of the
conditions set forth in Section 3.5 must be satisfied before Borrower shall be
entitled to a disbursement from the Disbursement Account of any funds except to
pay Construction Costs requested pursuant to a payment application submitted by
ICM, Inc. (and all applicable conditions for an Advance of such Construction
Costs must be satisfied as a condition to a disbursement of Disbursement
Account funds to pay such Construction Costs). Borrower agrees that all
conditions set forth in Section 3.5 shall be satisfied on or before August 30,
2008. Effective as of the date hereof, Section 3.5(b) of the Loan Agreement is
amended to add at the end thereof (but before the “;”) the following: 

	
 

	
 

	
 

	
, and
 Administrative Agent shall have received certification by the Independent
 Consultant that Completion has occurred 

          Section
2.8 Construction Retainage. Borrower acknowledges that the lien waivers
submitted by ICM, Inc. to Administrative Agent as of May 14, 2008 that were
submitted as final lien waivers are not in form or substance satisfactory to
Administrative Agent. As of the date of this Amendment, funds to be Advanced
into the Disbursement Account include (in addition to amounts specified in
Section 2.9) retainage related to Construction Costs (i) of $250,000, to be
held pending successful completion of the air emissions performance tests in
accordance with Borrower’s Construction Contract with ICM, Inc., and it shall
be a condition to disbursement of such funds (in addition to all other
conditions) that Administrative Agent and the Independent Consultant receive
satisfactory evidence, and Administrative Agent receive confirmation by the Independent
Consultant, of such successful completion, and issuance of any applicable
Governmental Agency permits and confirmations; (ii) of $254,382 for punch list
items; and (iii) $1,530,688 for costs incurred to ICM, Inc. (together with the
amounts in subclauses (i) and (ii), the “ICM Amount”), and it shall be a
condition to disbursement of such funds (in addition to all other conditions)
that Administrative Agent receive copies of, and Independent Consultant certify
as to the execution and delivery of, final lien waivers in form and substance
acceptable to Administrative Agent, including with respect to work for which
ICM, Inc. has provided final lien waivers that are not in a form approved by
Administrative Agent.  

          Section
2.9 Non-construction Disbursement Account Funds. As of the date of this
Amendment, funds to be Advanced into the Disbursement Account include $661,000
(the “RIO Amount”) available for payment to be made by Borrower to RIO
Technical Services, Inc. (“RIO”). Such funds shall be disbursed by
Administrative Agent after (i) receipt of a disbursement request from Borrower
requesting the amount to be disbursed to RIO pursuant to the Second Amended and
Restated Agreement dated July 15 2004 among RIO, Borrower, and other parties
thereto; and (ii) satisfaction of all other conditions in the Loan Agreement
for an Advance for such purpose.  

          Section
2.10 Contracts. Borrower agrees to deliver to Administrative Agent, in
form and substance acceptable to Administrative Agent, a fully executed copy of
the following by the date specified: 

Fifth Amendment to Construction and Term Loan Agreement – Page 3

	
 

	
 

	
 

	
          (a)
 an Electricity Supply Agreement with Lamb County Electric Cooperative by
 August 30, 2008 (“Electricity Agreement”); 

	
 

	
 

	
 

	
          (b)
 a Security Agreement in favor of Administrative Agent, which must be executed
 prior to or simultaneously with entering into a commodities trading or
 securities brokerage agreement or any similar agreement, and must be
 delivered to Administrative Agent within ten days after execution. 

          Section
2.11 Consents. Borrower agrees to cause to be executed and delivered to
Administrative Agent, on or before August 30, 2008, a consent and agreement for
each of the following Operating Contracts to the collateral assignment to
Administrative Agent of such Operating Contracts, and the granting of
nondisturbance rights in favor of Administrative Agent, opportunity to cure
rights in favor of Administrative Agent, and such other matters as
Administrative Agent may require, all in form and substance acceptable to
Administrative Agent: 

	
 

	
 

	
 

	
(a) the Rail
 Improvement Agreement with West Texas and Lubbock Railway Company, Inc.; 

	
 

	
 

	
 

	
(b) the
 Electricity Agreement; 

	
 

	
 

	
 

	
(c) the
 Carbon Dioxide Sales and Purchase Agreement with Chaparral; 

	
 

	
 

	
 

	
(d) the Gas
 Transportation Agreement with CEI Pipeline; 

	
 

	
 

	
 

	
(e) the Gas
 Transportation Agreement with MarkWest Power Tex, LLC. 

          Section
2.12 Christensen Dispute. Borrower agrees to cause the following to be
completed within 12 months after the date of this Amendment: (i) an
alternative, permanent water source will be in place and operating, or repairs
will be made to the equipment provided by Layne Christensen Company, that meets
all performance standards for the quality (including without limitation the
quality needed for proper operation of all Project equipment) and the quantity
of water needed to be provided for the Project to operate at least at nameplate
for at least four years after the term of the Term Loan; and (ii) the lawsuit
filed by Layne Christensen Company (including any lawsuits or counterclaims
hereafter filed regarding the same subject matter) shall be dismissed, or GE
will have the right to require a reserve in an amount not unreasonably
determined by GE, but in any event not to exceed $500,000, for the exposure
under the lawsuit(s).

          Section
2.13 Air Emissions Tests. The air emissions performance tests for the
Project shall be successfully completed in accordance with the Construction
Contracts and in compliance with all applicable Legal Requirements on or before
June 30, 2008, and all applicable Governmental Agency permits and confirmations
thereof shall be obtained on or before August 30, 2008. 

          Section
2.14 Application of Excess Funds. Notwithstanding the provisions set
forth in Sections 2.8 and 2.9 above, in the event that it is ultimately
determined that ICM is not entitled to payment of the full ICM Amount (whether
by mutual written agreement of Borrower and 

Fifth Amendment to Construction and Term Loan Agreement – Page 4

ICM, by a
court of competent jurisdiction, or otherwise, reasonably acceptable to GE, an
“ICM Resolution”) and/or it is ultimately determined that RIO is not entitled
to payment of the full RIO Amount (whether by mutual written agreement of
Borrower and RIO, by a court of competent jurisdiction, or otherwise, reasonably
acceptable to GE, a “RIO Resolution”), and all related conditions and
obligations of Borrower under the Loan Agreement are satisfied which relate to
the ICM Resolution or the RIO Resolution and a final Advance related thereto,
as the case may be, then Borrower can deliver a written request to the
Administrative Agent requesting that the portion of the ICM Amount and/or the
RIO Amount that is not to be paid to ICM or RIO, respectively, be disbursed to
the Borrower and specifying such amount (the amount specified in such a request
or requests, the “Unused Funds”), which request or requests shall be
accompanied by the written agreement(s) or court order(s) establishing the
lesser payment. For an ICM Resolution, all issues related to the amounts
retained pursuant to Section 2.8 above must be resolved, and the Unused Funds
are those funds allocated for the amounts in Section 2.8 that are not used. For
a RIO Resolution, all issues related to the amount retained pursuant to Section
2.9 above must be resolved, and the Unused Funds are those funds allocated for
the amount in Section 2.9 that are not used. Upon satisfaction of the foregoing
as to either an ICM Resolution or a RIO Resolution, Administrative Agent shall
promptly disburse the Unused Funds related thereto, to the extent such funds
are remaining in the Disbursement Account, to Borrower, and Borrower shall use
such funds for expenses or capital improvements for the Project. The
Disbursement Account shall be an interest bearing account, with interest
accruing as provided pursuant to the terms of such account, for the account of
Borrower. Upon disbursement of the final principal (initially deposited) funds
in the Disbursement Account, the interest earned on the Disbursement Account
shall be disbursed by Administrative Agent (i) first, to Administrative Agent
for payment toward, and in the amount of, any amount payable by Borrower to
Administrative Agent under the Loan Documents that is past due, and (ii)
second, any remaining interest, to Borrower. 

          Section
2.15 Equity Funds. On or before June 3, 2008, Borrower shall deposit
$249,622.86 of the funds in account 10027618 at the Special Account Depository
into the Disbursement Account for such funds to be held and disbursed in
accordance with the terms of the Disbursement Account. 

ARTICLE III

Conditions Precedent

          Section
3.1 Condition. The effectiveness of this Amendment is subject to the
satisfaction of the following conditions precedent: 

	
 

	
 

	
 

	
          (a)
 Amendment. The Administrative Agent shall have received this Amendment
 executed by the Borrower, the Administrative Agent and the Required Lenders. 

	
 

	
 

	
 

	
          (b)
 Fourth Amendment. The Administrative Agent shall have received the
 Fourth Amendment executed by the Borrower, the Administrative Agent and the
 Required Lenders. 

Fifth Amendment to Construction and Term Loan Agreement – Page 5

	
 

	
 

	
 

	
          (c)
 Control Agreement. The Administrative Agent shall have received the
 Control Agreement executed by the Borrower and the Special Account
 Depository. 

ARTICLE IV

No Waiver

          Nothing
contained herein shall be construed as a consent by the Administrative Agent
and the Lenders to any breach of any covenant or provision of the Loan
Agreement, the other Loan Documents, this Amendment, or of any other contract
or instrument among Borrower, the Administrative Agent and the Lenders, and the
failure of the Administrative Agent or any Lender at any time or times
hereafter to require strict compliance by Borrower of any provision thereof
shall not waive, affect or diminish any right of the Administrative Agent and
the Lenders to thereafter demand strict compliance therewith. Nothing contained
in this Amendment shall be deemed or construed to waive any condition,
obligation, Default, or Event of Default except to the extent expressly waived
herein. Without limiting the foregoing, Administrative Agent’s agreement to
permit the Loan Conversion shall not waive any covenant or obligation related
thereto, including a covenant or obligation that was to be performed prior to
the Loan Conversion, except to the extent expressly provided herein. The
Administrative Agent and the Lenders hereby reserve all rights granted under
the Loan Agreement and the other Loan Documents (in each case as amended by
this Amendment), and this Amendment and any other contract or instrument among
Borrower, the Administrative Agent and the Lenders. 

ARTICLE V

Ratifications, Representations and Warranties

          Section
5.1 Ratifications. The terms and provisions set forth in this Amendment
shall modify and supersede all inconsistent terms and provisions set forth in
the Loan Agreement and the other Loan Documents and except as expressly
modified and superseded by this Amendment, the terms and provisions of the Loan
Agreement and the other Loan Documents are ratified and confirmed and shall continue
in full force and effect. The Borrower, the Administrative Agent and the
Lenders agree that the Loan Agreement as amended hereby shall continue to be
legal, valid, binding and enforceable in accordance with its terms, except as
enforceability may be limited by bankruptcy and other similar laws affecting
the rights of creditors generally. 

          Section
5.2 Representations and Warranties. The Borrower hereby represents and
warrants to the Administrative Agent and the Lenders that (i) the execution,
delivery and performance of this Amendment and any and all other Loan Documents
executed or delivered in connection herewith have been authorized by all
requisite action on the part of the Borrower and will not violate the articles
of organization, operating agreement or regulations or other organizational
documents of the Borrower, (ii) the representations and warranties contained in
the Loan Agreement, as such Loan Agreement is amended hereby, and any other
Loan Document are true and correct on and as of the date hereof as though made
on and as of the date hereof except for those that relate solely to a specific
date or have changed as a result of transactions permitted by the Loan
Agreement, (iii) after giving effect to this Amendment, no Default has occurred
and is continuing, and (iv) after giving effect to this Amendment, the 

Fifth Amendment to Construction and Term Loan Agreement – Page 6

Borrower is in
full compliance with all material covenants and agreements contained in the
Loan Agreement as amended hereby. 

ARTICLE VI

Miscellaneous

          Section
6.1 Survival of Representations and Warranties. All representations and
warranties made in this Amendment or any other Loan Document (as amended by
this Amendment), including any Loan Document furnished in connection with this
Amendment, shall survive the execution and delivery of this Amendment and such
other Loan Documents, and no investigation by the Administrative Agent or any
Lender shall affect the representations and warranties or the right of the
Administrative Agent or any Lender to rely upon them. 

          Section
6.2 Severability. Any provision of this Amendment held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder of this Amendment and the effect thereof shall be
confined to the provision so held to be invalid or unenforceable. 

          Section
6.3 GOVERNING LAW. THIS LOAN
AGREEMENT, THE NOTE AND, UNLESS OTHERWISE EXPRESSLY PROVIDED THEREIN, EACH OF
THE OTHER LOAN DOCUMENTS, SHALL BE GOVERNED IN ALL RESPECTS BY THE LAWS OF THE
STATE OF ILLINOIS, NOT INCLUDING ITS CONFLICT OF LAW PROVISIONS; PROVIDED THAT
THE LAWS OF THE STATE WHERE REAL PROPERTY COLLATERAL IS LOCATED SHALL GOVERN
WITH RESPECT TO THE CREATION, PERFECTION AND ENFORCEMENT OF RIGHTS, SECURITY
INTERESTS, REMEDIES AND LIENS AGAINST THE REAL PROPERTY COLLATERAL.

          Section
6.4 Successors and Assigns. This Amendment is binding upon and shall
inure to the benefit of the Administrative Agent, the Lenders and the Borrower
and their respective successors and assigns, except the Borrower may not assign
or transfer its rights or obligations hereunder without the prior written
consent of the Administrative Agent and the Lenders. 

          Section
6.5 Counterparts. This Amendment may be executed in one or more
counterparts, each of which when so executed shall be deemed to be an original,
but all of which when taken together shall constitute one and the same
instrument. Facsimiles of signatures shall be binding and effective as
originals. 

          Section
6.6 Effect of Waiver. No consent or waiver, express or implied, by the
Administrative Agent or any Lender to or for any breach of or deviation from
any covenant, condition or duty by the Borrower shall be deemed a consent or
waiver to or of any other breach of the same or any other covenant, condition
or duty. 

          Section
6.7 Headings. The headings, captions, and arrangements used in this
Amendment are for convenience only and shall not affect the interpretation of
this Amendment. 

Fifth Amendment to Construction and Term Loan Agreement – Page 7

          Section
6.8 ENTIRE AGREEMENT. THIS AMENDMENT, THE LOAN AGREEMENT AND THE OTHER
LOAN DOCUMENTS EMBODY THE FINAL, ENTIRE AGREEMENT BETWEEN THE PARTIES HERETO
RELATING TO THIS AMENDMENT AND SUPERSEDE ANY AND ALL PRIOR AND CONTEMPORANEOUS
COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR
ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT BE CONTRADICTED OR VARIED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS
OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES HERETO.

[Remainder of Document Intentionally Left
Blank]

Fifth Amendment to Construction and Term Loan Agreement – Page 8

          IN
WITNESS WHEREOF, this Amendment is executed as of the date first set forth
above. 

	
 

	
 

	
 

	
 

	
BORROWER:

	
 

	
 

	
 

	
 

	
LEVELLAND/HOCKLEY
 COUNTY ETHANOL,

	
 

	
LLC

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
James P.
 Halbert

	
 

	
 

	
Vice
 President

Signature Page to Fifth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
ADMINISTRATIVE AGENT AND LENDER:

	
 

	
 

	
 

	
 

	
GE BUSINESS
 FINANCIAL SERVICES, INC., 

 formerly known as Merrill Lynch Business Financial Services Inc., as
 Administrative Agent and a Lender

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
Steve Coley

	
 

	
 

	
Vice
 President

Signature Page to Fifth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
OTHER LENDERS:

	
 

	
 

	
 

	
 

	
STATE BANK
 OF TEXAS,

	
 

	
as a Lender

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	

Signature Page to Fifth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
PALM DESERT
 NATIONAL BANK,

	
 

	
as a Lender

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	

Signature Page to Fifth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
COMMUNITY
 FIRST BANK,

	
 

	
as a Lender

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	

Signature Page to Fifth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
MIDWEST BANK
 OF WESTERN ILLINOIS,

	
 

	
as a Lender

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	

Signature Page to Fifth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
TEXAS
 CITIZENS BANK N.A.,

	
 

	
as a Lender

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	

Signature Page to Fifth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
INTERSTATE
 BANK, SSB,

	
 

	
as a Lender

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	

Signature Page to Fifth Amendment to Construction and Term Loan AgreementSIXTH AMENDMENT TO CONSTRUCTION AND TERM

LOAN AGREEMENT

          THIS
SIXTH AMENDMENT TO CONSTRUCTION AND TERM LOAN AGREEMENT (this “Amendment”),
dated as of January 29, 2009, is executed by and among LEVELLAND/HOCKLEY COUNTY
ETHANOL, LLC, a Texas limited liability company (the “Borrower”), each
of the Lenders or other lending institutions which is a signatory hereto or any
successor or assignee thereof, and GE BUSINESS FINANCIAL SERVICES INC.,
formerly known as Merrill Lynch Business Financial Services Inc.1
(in its capacity as administrative agent for the Lenders, together with its
successors in such capacity, the “Administrative Agent”).  

R E C I T A L S:

          A.
The Borrower, the Lenders, and the Administrative Agent are parties to that
certain Construction and Term Loan Agreement, dated as of September 27, 2006,
as amended by (a) that certain First Amendment to Construction and Term Loan
Agreement and other Loan Documents dated as of August 10, 2007, (b) that
certain Second Amendment to Construction and Term Loan Agreement dated as of
February 15, 2008, (c) that certain Third Amendment to Construction and Term
Loan Agreement dated as of February 19, 2008, (d) that certain Fourth Amendment
to Construction and Term Loan Agreement dated as of May 31, 2008, and (e) that
certain Fifth Amendment to Construction and Term Loan Agreement dated as of May
31, 2008 (as has been and may be amended, modified, supplemented or restated
from time to time, the “Loan Agreement”). 

          B.
The Borrower, the Administrative Agent and the Required Lenders desire to amend
the Loan Agreement and agree to the other matters as described herein, subject
to the terms and conditions contained herein. 

          NOW,
THEREFORE, in consideration of the premises herein contained and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows intending to be legally
bound: 

ARTICLE I

Definitions

          Section
1.1 Definitions. Capitalized terms used in this Amendment, to the extent
not otherwise defined herein, shall have the same meanings as in the Loan
Agreement, as amended hereby. 

	
 

	
 

	

	
1

	
On February 4, 2008,
Merrill Lynch Business Financial Services Inc. (“MLBFS”) was acquired by a
subsidiary of General Electric Capital Corporation and on March 26, 2008
MLBFS’s name was changed to GE Business Financial Services Inc.  

Sixth Amendment to Construction and Term Loan Agreement – Page 1

ARTICLE II

Amendments and Agreements

          Section
2.1 Grain Supply Agreement Consent. Administrative Agent consents to
Borrower entering into a Grain Procurement Agreement with Farmers Cooperative
Elevator Co. of Levelland, Texas (“Farmers Coop”). Borrower agrees to deliver
to Administrative Agent a Consent and Agreement, in form and substance
satisfactory to Administrative Agent, executed by Farmers Coop and Borrower
concurrently with execution of the Grain Procurement Agreement with Farmers
Coop.  

          Section
2.2 Amendment to Definitions. Effective as of the date hereof, Section
1.1 of the Loan Agreement is amended as follows: 

	
 

	
 

	
 

	
 

	
 

	
(a)

	
The
 following defined terms are added in alphabetical order: 

	
 

	
 

	
 

	
 

	
          “Calculation
 Start Date” means the earlier of (i) January 30, 2009 or (ii) the
 effective date of a Grain Procurement Agreement executed by and between
 Borrower and Farmers Cooperative Elevator Co. of Levelland, Texas. 

	
 

	
 

	
 

	
          “Calculation
 Start Date Anniversary” means the day before the one year anniversary of
 the Calculation Start Date. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
          “Intercreditor
 Agreement” means that certain Intercreditor Agreement dated as of January
 29, 2009, by and among Administrative Agent, Borrower, the Required Lenders
 and FEL, as the same has been and may be amended, restated or modified from
 time to time, all in form and substance satisfactory to Administrative Agent.
 

	
 

	
 

	
 

	
          “New
 FEL Loan Agreement” means that certain Loan Agreement dated effective as
 of January 29, 2009 by and between Borrower and FEL, as the same has been and
 may be amended, restated or modified from time to time, all in form and
 substance satisfactory to Administrative Agent. 

	
 

	
 

	
 

	
          “New
 FEL Subordinated Debt” means (i) the revolving line of credit in the
 maximum principal amount of $2,000,000, plus interest, made available to
 Borrower by FEL, and (ii) any draws upon any letter of credit obtained by or
 through FEL for the benefit of Borrower in the maximum principal amount of
 $1,000,000, plus any interest accrued thereon and any fees by the issuer for
 issuance or renewal of any such letter of credit, all pursuant to the terms
 of the New FEL Loan Agreement. 

	
 

	
 

	
 

	
          “New
 FEL Subordinated Debt Documents” means collectively, (a) the New FEL Loan
 Agreement, (b) that certain Promissory Note dated January 29, 2009 executed
 by Borrower and payable to the order of FEL, (c) any letter of credit
 obtained by or through FEL for the benefit of Borrower in accordance with the
 New FEL Loan Agreement, (d) the Intercreditor Agreement, and (e) any security
 agreements securing payment of the New FEL Subordinated Debt, all as 

Sixth Amendment to Construction and Term Loan Agreement – Page 2

	
 
	
 
	
 
	
 

	
 
	
the same
 have been and may be amended, restated or modified from time to time, all in
 form and substance satisfactory to Administrative Agent.

	
 
	
 
	
 
	
 

	
 
	
                (b) The
    definition of “EBITDAR” is amended and restated in its entirety to
    read as follows: 

	
 
	
 
	
 
	
 

	
 
	
          “EBITDAR”
 means the Borrower’s income before interest (including payments in the nature
 of interest under capital leases), taxes, depreciation, amortization, other
 non-cash charges, and rent; all as determined in accordance with GAAP (a) for
 the period beginning the Calculation Start Date through and including the
 Calculation Start Date Anniversary, on an annualized basis and (b) thereafter
 on a trailing 12-month basis.

	
 
	
 

	
 
	
                (c) The
    definition of “EBITDAR Coverage Ratio” is amended by deleting “all as
    determined on a trailing 12-month basis in accordance with GAAP” and
    substituting in its place the following: 

	
 
	
 

	
 
	
          “all
 as determined in accordance with GAAP (a) for the period beginning the
 Calculation Start Date through and including the Calculation Start Date
 Anniversary on an annualized basis and (b) thereafter on a trailing 12-month
 basis. Notwithstanding anything to the contrary in this Agreement, any debt
 of Borrower owed to a unit holder of Borrower with respect to the Rex
 Subordinated Debt, the New Rex Subordinated Debt, or the New FEL Subordinated
 Debt (except interest paid on the New FEL Subordinated Debt revolving line of
 credit shall be included) shall not be taken into account when calculating
 this ratio”.

	
 
	
 
	
 
	
 

	
 
	
                (d)
    The definition of “Leverage Ratio” is amended by deleting “all as amended on
    a trailing 12-month basis in accordance with GAAP and substituting in its
    place the following:  

	
 
	
 

	
 
	
          “all
 as determined in accordance with GAAP with the ratio being determined on an
 annualized basis beginning the Calculation State Date through and including
 the Calculation Start Date Anniversary and thereafter (a)(i) shall be
 determined on a 12-month trailing basis and (a)(ii) shall be determined on an
 immediately following 12-month basis. Notwithstanding anything to the
 contrary in this Agreement, any debt of Borrower owed to a unit holder of
 Borrower with respect to the Rex Subordinated Debt, the New Rex Subordinated
 Debt, or the New FEL Subordinated Debt (except the outstanding principal balance
 of the New FEL Subordinated Debt revolving line of credit shall be included)
 shall not be taken into account when calculating this ratio”.

	
 
	
 

	
 
	
                (e) The
    definition of “Permitted Exceptions” is amended and restated in its
    entirety to read as follows: 

	
 
	
 
	
 
	
 

	
 
	
          “Permitted
 Exceptions” means (a) Liens in favor of Administrative Agent for the
 benefit of itself and any Lenders, (b) as to Real Property Collateral, the
 liens, easements, restrictions, security interests and other title matters,
 if any, as reflected on the mortgagee policy of title insurance accepted by
 Administrative 

Sixth Amendment to Construction and Term Loan Agreement – Page 3

	
 

	
 

	
 

	
 

	
 

	
Agent with
respect to the Mortgage, (c) Liens of Governmental Agencies for taxes not yet
due and payable, (d) Liens not delinquent arising in the ordinary course of business
and created by statute in connection with worker’s compensation, unemployment
insurance, social security and similar statutory obligations, (e) as to
Personal Property Collateral, other non-consensual liens arising in the
ordinary course of business for sums not due, (f) if Secured Parties’ rights
to and interest in the Collateral would not be materially and adversely
affected thereby, any Liens for taxes or other non-consensual Liens against
the Collateral arising in the ordinary course of business and being contested
in good faith by appropriate proceedings, so long as adequate reserves are
maintained with respect to such contested amounts in amount (including the
amount contested, and potential costs, interest, and penalties) and manner
acceptable to Administrative Agent, (g) as to grain in storage or in transit,
byproducts and proceeds of byproducts but excluding grain in-process and
proceeds of grain in-process, (h) Liens in favor of a third party reasonably
acceptable to Administrative Agent to secure Indebtedness permitted under
Section 6.3(f) (including without limitation Liens arising pursuant to the
Rex Subordinated Debt Documents, the New Rex Subordinated Debt Documents, and
the New FEL Subordinated Debt Documents), and (i) any other Liens expressly
permitted in writing by Administrative Agent.  

	
 

	
 

	
          Section
 2.3 Amendment to Section 6.5 of the Loan Agreement. Effective as of
 the date hereof, Section 6.5 of the Loan Agreement is amended and restated to
 read in its entirety as follows: 

	
 

	
 

	
          Section
 6.5 Restricted Payments. Borrower shall not make or permit any
 Restricted Payment, except Borrower may (a) prepay in full the FEL
 Subordinated Debt and the Rex Subordinated Debt, (b) pay the New Rex
 Subordinated Debt to the extent permitted in the Subordination Agreement, and
 (c) pay the New FEL Subordinated Debt to the extent permitted in the
 Intercreditor Agreement. 

	
 

	
 

	
          Section 2.4 Quarterly
 Certificate of Compliance. Effective as of the date hereof, Section
 5.1(b) of the Loan Agreement is amended and restated in its entirety to read
 as follows: 

	
 

	
 

	
          “(b)
Quarterly Certificate of Compliance. Beginning with the fiscal quarter
ending March 31, 2009 for the EBITDAR Coverage Ratio, and beginning with the
fiscal quarter ending December 31, 2009 for the Leverage Ratio, within 60
days after the close of each fiscal quarter, a Certificate of Compliance,
duly executed by the controller or general manager of Borrower, in the form
of Exhibit B attached hereto (except the Annex B Leverage Ratio will not be
completed until the fiscal quarter ending December 31, 2009 and thereafter),
or such other form as may reasonably be required by Administrative Agent from
time to time;”  

	
 

	
          Section 2.5 Financial
 Covenant for EBITDAR Coverage Ratio. Effective as of the date hereof,
 Section 6.10(a) of the Loan Agreement is amended and restated to read as
 follows: 

Sixth Amendment to Construction and Term Loan Agreement – Page 4

	
 

	
 

	
 

	
 

	
 

	
          “(a)
 EBITDAR Coverage Ratio. Borrower’s EBITDAR Ratio shall at all times
 after the Calculation Start Date equal or exceed 1.40 to 1.00.” 

          Section
2.6 Financial Covenant for Leverage Ratio. Effective as of the date
hereof, Section 6.10(b) of the Loan Agreement (which is deemed to be everything
prior to the everything prior to the paragraph that begins “Notwithstanding”)
is hereby amended and restated in its entirety to read as follows: 

	
 

	
 

	
 

	
          “(b)
 Leverage Ratio. Beginning with a calculation date as of December 31, 2009
 and at all times thereafter, Borrower’s Leverage Ratio shall be equal to or
 less than the ratio set forth below that corresponds to the applicable period
 of the calculation date (for example, a Leverage Ratio determined as of March
 31, 2010 must be equal to or less than 2.93 to 1.00): 

	
 

	
 

	
 

	
Period:

	
 

	
Ratio:

	

	
 

	

	
Calculation
 Start Date through and including December 31, 2009

	
 

	
3.34 to 1.00

	
January 1,
 2010 through and including December 31, 2010

	
 

	
2.93 to 1.00

	
January 1,
 2011 through and including December 31, 2011

	
 

	
2.54 to 1.00

	
January 1,
 2012 through and including December 31, 2012

	
 

	
2.17 to 1.00

	
January 1,
 2013 and thereafter

	
 

	
1.82 to 1.00

          Section
2.7 Financial Covenants. Effective as of the date hereof, Section 6.10
of the Loan Agreement is amended to add “(c) Right to Cure.” at the beginning
of the paragraph that begins “Notwithstanding anything to the contrary
contained herein”.  

          Section
2.8 Excess Cash Flow. Effective as of the date hereof, Section 2.3(c) of
the Loan Agreement is amended to add the following at the end of the first
sentence: 

	
 

	
 

	
 

	
          “for
 the first $3,000,000 of Excess Cash Flow earned during such preceding fiscal
 year, and equal to 75% of all Excess Cash Flow as of December 31 of such
 preceding fiscal year that is greater than $3,000,000”. 

          Section
2.9 Commodities Trading, Hedging Policy and Report. Effective as of the
date hereof, the Loan Agreement is amended to add a new Section 5.1(h) as
follows: 

	
 

	
 

	
 

	
          “(h)
 Commodities Trading; Hedging Policies and Report. Prior to engaging in
 commodities trading, futures, options, and hedging transactions and
 activities, Borrower shall adopt and maintain, a Risk Management Policy for
 commodities trading, futures, options, and hedging activities in form and
 substance acceptable to Administrative Agent. Furthermore, Borrower agrees to
 

Sixth Amendment to Construction and Term Loan Agreement – Page 5

	
 

	
 

	
 

	
not deviate
 from the approved Risk Management Policy without the written consent of
 Administrative Agent, provided that this requirement shall not be construed
 to require Borrower to obtain Administrative Agent’s consent prior to
 engaging in any such transactions that Borrower believes, in good faith,
 comply with its approved Risk Management Policy. Borrower agrees to provide
 to Administrative Agent a quarterly report, within sixty (60) days after the
 end of the quarter reported, of all of Borrower’s commodities trading,
 futures, options, and hedging accounts, holdings, positions, transactions,
 and any other related activities during the reporting period; provided,
 however, Borrower shall not be required to provide such report if it does not
 engage in any of those activities during the applicable quarter.
 Administrative Agent acknowledges and agrees that the form of a quarterly
 report, covering the applicable quarterly reporting period, furnished to
 Borrower by the manager(s) of all of Borrower’s commodities trading, futures,
 options, and hedging transactions and activities is an acceptable report
 form, provided that use of such report does not absolve Borrower from its
 covenants herein if a matter required to be reported pursuant hereto is
 omitted from such report.

	
 

	
 

	
          Section 2.10
 Commodities Trading, Hedging. Effective as of the date hereof, the
 Loan Agreement is amended to add a new Section 6.20 as follows: 

	
 

	
 

	
 

	
          6.20
 Commodities Trading; Hedging. Borrower shall not engage in any
 commodities trading, futures, options, or hedging activities unless Borrower
 has adopted, and Administrative Agent has approved, a Risk Management Policy
 in accordance with Section 5.1(h) hereof. Borrower shall not materially amend
 its Risk Management Policy without the prior written consent of
 Administrative Agent. If Borrower amends its Risk Management Policy, Borrower
 will provide a copy of the amendment to Administrative Agent within five (5)
 Business Days after adopting such amendment.” 

          Section
2.11 Waiver of Certain Financial Covenant Defaults. Administrative Agent
and Lenders hereby waive any Default by Borrower of Borrower’s covenants set
forth in Section 6.10(a) or 6.10(b) of the Loan Agreement that occurred prior
to the Calculation Start Date. 

          Section
2.12 Cross Default. Borrower acknowledges and agrees that any document
that evidences, governs, secures, or guarantees a loan or letter of credit by,
obtained through, or payable by Borrower to, FEL, (i) is a material agreement
that is subject to Section 9.1(g) of the Loan Agreement, and (ii) does not
constitute an agreement involving or evidencing trade payables as contemplated
in Section 9.1(g) of the Loan Agreement. Borrower agrees to timely perform all
of Borrower’s obligations with respect to each such loan and letter of credit
so as to prevent any default with respect thereto. Borrower acknowledges and
agrees that Administrative Agent has the right (but not the obligation) to
perform any of such obligations of Borrower upon the occurrence of a default by
Borrower, and all amounts incurred by Administrative Agent in connection
therewith shall be Obligations. Notwithstanding the foregoing, no default under
any document that evidences, governs, secures, or guarantees a loan or letter
of credit by, obtained 

Sixth Amendment to Construction and Term Loan Agreement – Page 6

through, or
payable by Borrower to, FEL shall constitute an Event of Default under Section
9.1(g) of the Loan Agreement if FEL waives such default under such documents. 

          Section
2.13 Amendment Fee. In consideration of the execution of this Amendment,
Borrower agrees to pay to Administrative Agent, for the benefit of the Lenders,
a fee in the amount of fifty thousand dollars ($50,000.00), less the amounts
payable by Borrower pursuant to Section 2.14 below, which fee shall be payable
in two equal installments with the first installment due and payable on or
before June 1, 2009, and the second installment due and payable on or before
December 1, 2009. 

          Section
2.14 Expenses. Without limiting anything contained in the Loan Documents,
Borrower acknowledges and agrees that Borrower shall pay, as a condition to
this Amendment, all reasonable third party costs and expenses of Administrative
Agent and the Lenders, including without limitation reasonable attorneys’ fees,
in connection with preparing, negotiating, and executing this Amendment, the
Intercreditor Agreement, and the New FEL Subordinated Debt Documents, which
third party costs and expenses shall not exceed $50,000.00. 

ARTICLE III

Conditions Precedent

          Section
3.1 Condition. The effectiveness of this Amendment is subject to the
satisfaction of the following conditions precedent: 

	
 

	
 

	
 

	
 

	
          (a) Amendment;
 Expenses. The Administrative Agent shall have received this Amendment
 executed by the Borrower, the Administrative Agent and the Required Lenders,
 and Administrative Agent shall have received payment of the expenses as
 provided in Section 2.14 above. 

	
 

	
 

	
 

	
          (b) Default.
 Upon giving effect to this Amendment, no Default shall have occurred and be
 continuing. 

	
 

	
 

	
 

	
 

	
          (c) Representations
 and Warranties. All of the representations and warranties contained in
 Article IV of the Loan Agreement and in the other Loan Documents shall be
 true and correct on and as of the date of this Amendment with the same force
 and effect as if such representations and warranties had been made on and as
 of such date, except to the extent such representations and warranties speak
 to a specific date. 

ARTICLE IV

No Waiver

          Nothing
contained herein shall be construed as a consent by the Administrative Agent
and the Lenders to any breach of any covenant or provision of the Loan
Agreement, the other Loan Documents, this Amendment, or of any other contract
or instrument among Borrower, the Administrative Agent and the Lenders, and the
failure of the Administrative Agent or any Lender at any time or times
hereafter to require strict compliance by Borrower of any provision thereof
shall not waive, affect or diminish any right of the Administrative Agent and
the Lenders to 

Sixth Amendment to Construction and Term Loan Agreement – Page 7

thereafter
demand strict compliance therewith. Nothing contained in this Amendment shall
be deemed or construed to waive any condition, obligation, Default, or Event of
Default except to the extent expressly waived herein. The Administrative Agent
and the Lenders hereby reserve all rights granted under the Loan Agreement and
the other Loan Documents (in each case as amended by this Amendment), and this
Amendment and any other contract or instrument among Borrower, the
Administrative Agent and any of the Lenders. 

ARTICLE V

Ratifications, Representations and Warranties

          Section
5.1 Ratifications. The terms and provisions set forth in this Amendment
shall modify and supersede all inconsistent terms and provisions set forth in
the Loan Agreement and the other Loan Documents and except as expressly
modified and superseded by this Amendment, the terms and provisions of the Loan
Agreement and the other Loan Documents are ratified and confirmed and shall
continue in full force and effect. The Borrower, the Administrative Agent and the
Lenders agree that the Loan Agreement as amended hereby shall continue to be
legal, valid, binding and enforceable in accordance with its terms, except as
enforceability may be limited by bankruptcy and other similar laws affecting
the rights of creditors generally. 

          Section
5.2 Representations and Warranties. The Borrower hereby represents and
warrants to the Administrative Agent and the Lenders that (i) the execution,
delivery and performance of this Amendment and any and all other Loan Documents
executed or delivered in connection herewith have been authorized by all
requisite action on the part of the Borrower and will not violate the articles
of organization, operating agreement or regulations or other organizational
documents of the Borrower, (ii) the representations and warranties contained in
the Loan Agreement, as such Loan Agreement is amended hereby, and any other
Loan Document are true and correct on and as of the date hereof as though made
on and as of the date hereof except for those that relate solely to a specific
date or have changed as a result of transactions permitted by the Loan
Agreement, (iii) after giving effect to this Amendment, no Default has occurred
and is continuing, and (iv) after giving effect to this Amendment, the Borrower
is in full compliance with all material covenants and agreements contained in
the Loan Agreement as amended hereby. 

ARTICLE VI

Miscellaneous

          Section
6.1 Survival of Representations and Warranties. All representations and
warranties made in this Amendment or any other Loan Document (as amended by
this Amendment), including any Loan Document furnished in connection with this
Amendment, shall survive the execution and delivery of this Amendment and such
other Loan Documents, and no investigation by the Administrative Agent or any
Lender shall affect the representations and warranties or the right of the
Administrative Agent or any Lender to rely upon them. 

          Section
6.2 Severability. Any provision of this Amendment held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder 

Sixth Amendment to Construction and Term Loan Agreement – Page 8

of this
Amendment and the effect thereof shall be confined to the provision so held to
be invalid or unenforceable. 

          Section
6.3 GOVERNING LAW. THIS LOAN
AGREEMENT, THE NOTE AND, UNLESS OTHERWISE EXPRESSLY PROVIDED THEREIN, EACH OF
THE OTHER LOAN DOCUMENTS, SHALL BE GOVERNED IN ALL RESPECTS BY THE LAWS OF THE
STATE OF ILLINOIS, NOT INCLUDING ITS CONFLICT OF LAW PROVISIONS; PROVIDED THAT
THE LAWS OF THE STATE WHERE REAL PROPERTY COLLATERAL IS LOCATED SHALL GOVERN
WITH RESPECT TO THE CREATION, PERFECTION AND ENFORCEMENT OF RIGHTS, SECURITY
INTERESTS, REMEDIES AND LIENS AGAINST THE REAL PROPERTY COLLATERAL.

          Section
6.4 Successors and Assigns. This Amendment is binding upon and shall
inure to the benefit of the Administrative Agent, the Lenders and the Borrower
and their respective successors and assigns, except the Borrower may not assign
or transfer its rights or obligations hereunder without the prior written
consent of the Administrative Agent and the Lenders. 

          Section
6.5 Counterparts. This Amendment may be executed in one or more
counterparts, each of which when so executed shall be deemed to be an original,
but all of which when taken together shall constitute one and the same
instrument. Facsimiles of signatures shall be binding and effective as
originals. 

          Section
6.6 Effect of Waiver. No consent or waiver, express or implied, by the
Administrative Agent or any Lender to or for any breach of or deviation from
any covenant, condition or duty by the Borrower shall be deemed a consent or
waiver to or of any other breach of the same or any other covenant, condition
or duty. 

          Section
6.7 Headings. The headings, captions, and arrangements used in this
Amendment are for convenience only and shall not affect the interpretation of
this Amendment. 

          Section
6.8 ENTIRE AGREEMENT. THIS AMENDMENT, THE LOAN AGREEMENT AND THE OTHER
LOAN DOCUMENTS EMBODY THE FINAL, ENTIRE AGREEMENT BETWEEN THE PARTIES HERETO
RELATING TO THIS AMENDMENT AND SUPERSEDE ANY AND ALL PRIOR AND CONTEMPORANEOUS
COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR
ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT BE CONTRADICTED OR VARIED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS
OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES HERETO.

[Remainder of Document Intentionally Left
Blank]

Sixth Amendment to Construction and Term Loan Agreement – Page 9

          IN
WITNESS WHEREOF, this Amendment is executed as of the date first set forth
above. 

	
 

	
 

	
 

	
 

	
BORROWER: 

	
 

	
 

	
 

	
LEVELLAND/HOCKLEY
 COUNTY ETHANOL,

 LLC 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
James P.
 Halbert

	
 

	
 

	
Vice
 President

Signature Page to Sixth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
 

	
ADMINISTRATIVE AGENT AND LENDER:

	
 

	
 

	
 

	
GE BUSINESS
 FINANCIAL SERVICES, INC., formerly known as Merrill Lynch Business Financial
 Services Inc., as Administrative Agent and a Lender

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	

Signature Page to Sixth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
 

	
OTHER LENDERS:

	
 

	
 

	
 

	
STATE BANK
 OF TEXAS,
 as a Lender

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	

Signature Page to Sixth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
 

	
PALM DESERT
 NATIONAL BANK,

 as a Lender

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	

Signature Page to Sixth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
 

	
COMMUNITY
 FIRST BANK,

 as a Lender

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	

Signature Page to Sixth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
 

	
MIDWEST BANK
 OF WESTERN ILLINOIS,

 as a Lender

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	

Signature Page to Sixth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
 

	
TEXAS
 CITIZENS BANK N.A.,

 as a Lender

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	

Signature Page to Sixth Amendment to Construction and Term Loan Agreement

	
 

	
 

	
 

	
 

	
 

	
 

	
INTERSTATE
 BANK, SSB,

 as a Lender

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	

Signature Page to Sixth Amendment to Construction and Term Loan Agreement

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