Document:

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                                                                   Exhibit 4.6

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                          GREAT PLAINS ETHANOL, L.L.C.
                    A SOUTH DAKOTA LIMITED LIABILITY COMPANY

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                             SUBSCRIPTION AGREEMENT

Great Plains Ethanol, L.L.C.
C/o Brian Minish, Chief Executive Officer
P.O. Box 172
Lennox, SD  57039

Mr. Minish:

The undersigned is of legal age and hereby subscribes for One (1) Unit of
Class D Capital Units of Great Plains Ethanol, L.L.C., a South Dakota limited
liability company (the "Company"), as described in the Company's Operating
Agreement. The undersigned hereby agrees to contribute $100 per Unit in cash
payable upon execution of this Subscription Agreement. The undersigned's
check shall be payable to "Great Plains Ethanol, L.L.C." The undersigned
acknowledges and represents as follows:

     a.   That the undersigned has received and carefully reviewed the Operating
          Agreement, business plan and all materials attached thereto and
          incorporated therein; and

     b.   That the undersigned has sufficient knowledge and experience in
          financial and business matters to be capable of evaluating the merits
          and risks of the prospective investment in the Company; and

     c.   That the undersigned has obtained, to the extent the undersigned deems
          necessary, personal professional advice with respect to the risks
          inherent in investment in the Company, the suitability of the
          investment in light of the undersigned's financial condition and
          investment needs, and legal, tax and accounting matters; and

     d.   That the undersigned understands that the operating results
          contemplated by the financial forecasts are based upon certain
          assumptions and events with respect to which the Company will have
          only partial or no control; and that because of the tax and business
          risks inherent in projects of this nature, no warranty is made or
          could be made that the amount of future income or loss of the Company
          will be the amount forecast in the financial forecasts.

     e.   That the undersigned has been given access to full and complete
          information regarding the Company and has utilized such access to the
          undersigned's satisfaction.

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     f.   That the undersigned recognizes that an investment in the Company
          involves a certain degree of risk, that the purchase of a Membership
          Interest is a long-term investment, that transferability and sale of
          the Membership Interest is restricted in many ways as set out in the
          Operating Agreement and that in the event of disposition of the
          Membership Interest the undersigned could sustain a loss, either from
          an economic standpoint or as a result of income tax obligations or
          both.

     g.   That the undersigned by executing this Subscription Agreement hereby
          agrees and promises to pay to the Company the amount set forth above
          in cash at the time of the execution of this Subscription Agreement.

     h.   That the undersigned understands that this subscription is irrevocable
          and legally binding on the parties, and agrees to be bound by all the
          terms and conditions of the Operating Agreement, including, without
          limitation, those terms and conditions restricting transfer of the
          Membership Interest.

     i.   That the undersigned acknowledges and understands that Broin
          Management, L.L.C., will be the Managing Member of the Company.

     j.   That the undersigned acknowledges that he will be an initial member on
          the Company's Board of Managers and will serve in such capacity until
          the Company holds a special meeting of Members to elect a new Board of
          Managers subsequent to the completion of the offering of Class A
          Capital Units, Class B Capital Units and Class C Capital Units, or
          until resignation, disability or death.

     k.   That the undersigned hereby acknowledges that upon the successful
          completion of the offering as defined in the Operating Agreement, the
          Class D Unit will automatically be converted to one Class C Capital
          Unit.

     l.   The undersigned acknowledges that the undersigned is contractually
          obligated to pay his pro rata share of the offering costs including
          legal fees, accounting fees and consulting fees not to exceed $10,000,
          if the offering is terminated without raising the minimum offering
          proceeds.

DATED:  ______________, 2000.

(Signature for Corporate, Partnership,       (Signature for Individual
Trust, or other Entity Investor)             Investors)

_____________________________________        __________________________________
(Print Name of Entity)                       (Signature)

                                      -2-

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By:___________________________________      Print:_____________________________
   (Signature)

Print Name:__________________________       ___________________________________
                                            (Signature of Joint Investor)

Title:_______________________________       Print Name of Joint Investor
                                            (if any):__________________________

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                                                                  Exhibit 4.7

                                ESCROW AGREEMENT

         This Escrow Agreement is made this 15th day of January, 2001, by and
between Great Plains Ethanol, LLC, a South Dakota limited liability company
("Great Plains Ethanol"), and Dakota Heritage State Bank, a South Dakota
chartered banking corporation, with an office located in Chancellor, South
Dakota ("Escrow Agent").

                           R E C I T A L S:

         A.       Great Plains Ethanol was formed for the purpose of
investing funds in an ethanol plant to be located near Chancellor in Turner
County, South Dakota.

         B.       Great Plains Ethanol intends to sell Class A, B and C
capital units in accordance with the terms and conditions of a Prospectus.

         C.       Pursuant to the terms and conditions of the Prospectus,
Great Plains Ethanol has committed to escrow the proceeds of the Class A, B
and C capital units sold to investors.

         D.       Dakota Heritage State Bank is willing to hold the escrow
account and serve as Escrow Agent, in accordance with the terms and
conditions provided in this Escrow Agreement.

         NOW, THEREFORE, the parties agree as follows:

         1. Establishment of Escrow Account. Great Plains Ethanol shall open
and maintain an escrow account with Escrow Agent. The escrow account shall be
an interest bearing account, and shall earn interest at the rate offered from
time to time by Escrow Agent.

         2. Escrow Account Authorizations. Only officers of the Escrow Agent
shall be entitled to withdraw funds from the escrow account as provided
herein. Great Plains Ethanol shall deliver to Escrow Agent for deposit in the
escrow account all funds, checks, bank money orders, etc., received by Great
Plains Ethanol from the sale of Class A, B and C capital units. All checks,
bank money orders, etc. shall be made payable to "Great Plains Ethanol Escrow
Account". Great Plains Ethanol shall deliver to Escrow Agent with each
investor's funds, the investor's name, address and amount of investment.
Escrow Agent shall maintain this information in its records for the purpose
of returning to each investor the investor's funds in the event that the
minimum equity offering of $12.75 million is not subscribed by March 15,
2002, as provided in Paragraph 4 of this Agreement.

         3. Investment of Deposited Funds. The Escrow Agent shall invest all
funds received and deposited in the Escrow Account in United States
government or government agency securities, certificates of deposit issued by
banks with a net worth of at least $10,000,000. Any investment of deposited
funds must be made in recognition that offering proceeds must be able to be
transmitted promptly to Great Plains Ethanol or the investors if the stated
conditions are met. The following securities are not permissible as
investments: (1) money market funds; (2) corporate equity or debt securities;
(3) repurchase agreements; (4) bankers acceptances; (5) commercial paper; and
(6) municipal securities.

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         4. Withdrawals from Escrow Account. Great Plains Ethanol shall not
withdraw funds from the Escrow Account for use by Great Plains Ethanol prior
to the time that the following conditions are met (the "Release Conditions"):
(a) Great Plains Ethanol closes the offering and has obtained signed
Subscription Agreements for sales of Class A, B and C capital units totaling
at least $12,750,00.00; (b) Great Plains Ethanol has obtained a commitment
letter for financing construction and operation of the ethanol plant; (c)
Broin Investments, LLC, must have subscribed for 200 Class B units; (d) Broin
Management, LLC, must have subscribed for 40 Class C units and not have
resigned or been terminated as the Managing Member of Great Plains Ethanol;
(e) Broin and Associates shall not have withdrawn from its obligation to
build the ethanol plant; and (f) there shall not be any legal orders
prohibiting the offering, or orders from the United States Securities and
Exchange Commission revoking the effectiveness of the Registration Statement
related to the offering.

         5. Termination of Escrow Account. At such time as Great Plains
Ethanol has met the Release Conditions, which shall be completed by March 15,
2002, Great Plains Ethanol's Board of Managers shall adopt a resolution
instructing the Escrow Agent to terminate the Escrow Account and transfer all
funds to other accounts maintained by Great Plains Ethanol. In the event that
Great Plains Ethanol has not met the Release Conditions by March 15, 2002,
then Great Plains Ethanol shall instruct the Escrow Agent to return to the
investors all funds from the sale of Class A, B and C capital units held in
the Escrow Account. Escrow Agent shall return to Great Plains Ethanol all
interest earned on funds deposited in the Escrow Account, less any fees and
expenses owed Escrow Agent by Great Plans Ethanol hereunder.

         6. Escrow Agent's Reliance. Escrow Agent shall be under no duty or
responsibility to make any inquiry or investigation as to the accuracy,
adequacy, and shall be entitled to assume conclusively, correctness and
completeness of any and all information given in any affidavit, statement, or
other paper received by Escrow Agent under this Escrow Agreement, including,
but not limited to the Prospectus. Escrow Agent shall be entitled to rely
upon any notice, request, affidavit, approval, statement, consent or other
paper believed by Escrow Agent to be genuine and to have been signed by the
proper party or parties.

         7. Hold Harmless. Escrow Agent shall not be liable to Great Plains
Ethanol and/or any investor for any error of judgment, or for any act done or
step taken or omitted by it in good faith, or for any mistake of fact or law,
or for anything which it may do or refrain from doing in connection herewith,
excepting only its own intentional and deliberate misconduct.

         8. Indemnification. Great Plains Ethanol agrees to defend, indemnify
and hold Escrow Agent harmless from and against any and all claims, actions,
judgments, losses, liabilities, obligations, damages, charges, costs, and
expenses of any nature whatsoever, including, without limitation, reasonable
attorneys' fees and expenses incurred by Escrow Agent (including such fees
and expenses incurred in any litigation by or against any of the parties to
this Escrow Agreement under this paragraph 8), arising directly or indirectly
from, out of or incident to this Escrow Agreement, excepting only those
accruing as a result of Escrow Agent's own intentional and deliberate
misconduct.

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         9. Escrow Agent's Fees. Escrow Agent shall be entitled to charge
Great Plains Ethanol a fee for providing services hereunder in accordance
with the terms of Exhibit A attached hereto and incorporated herein by
reference.

         10. Time. Time is of the essence of this Agreement.

         11. Applicable Law. The interpretation and enforcement of this
Agreement shall be governed by the laws of the State of South Dakota.

         12. Binding Effect. This Agreement shall be binding upon the parties
and their respective successors and assigns.

         IN WITNESS WHEREOF, the parties have hereunto signed this Agreement.

GREAT PLAINS ETHANOL, LLC           DAKOTA HERITAGE STATE BANK

By  /s/ Darrin Ihnen                            By  /s/ Merlyn Sommervold
    ---------------------------                     --------------------------
    Its Pres.                                       Its Pres

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                                    EXHIBIT A

                                  Fee Agreement

         1. If the Release Conditions are met by March 15, 2002, the Escrow
Agent shall be paid a fee equal to one-half of one percent of the average
daily balance of the funds held in the Escrow Account.

         2. If the Release Conditions are not met by March 15, 2002, the
Escrow Agent shall be paid a fee of $500.00 and one-half of one percent of
the average daily balance of the funds held in the Escrow Account.

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