Document:

EXHIBIT 10.2

                       FARM CREDIT SERVICES OF GRAND FORKS
                             2424 32ND AVENUE SOUTH
                                 P. O. BOX 13570
                           GRAND FORKS, ND 58208-3570

May 24, 2006

Board of Directors
NEDAK Ethanol, LLC
118 East State Street
Atkinson, ND  68713

RE: Term Loan Financing - Summary of Present Intentions

Ladies and Gentlemen:

We provide this to you at your request as an accommodation for you to use in
providing information in your equity disclosure documentation regarding the
current status of debt financing discussions for your project. This is not a
commitment to lend but rather is a confirmation of the discussions that have
occurred between Farm Credit Services of Grand Forks, ACA (the "Lead Lender")
and NEDAK Ethanol, LLC ("NEDAK") concerning permanent long term financing (the
"Loan") relating to the constructing, equipping and start up of operations of an
approximately 44 million gallon per year ethanol production facility (the
"Project"). Subject to the terms and conditions hereinafter stated, the Bank
presently intends to consider providing financing to NEDAK on approximately the
following basic terms:

        a.      LOAN AMOUNT: $50 million maximum.
        b.      INTEREST RATE: 340bps over 30 day Libor.
        c.      CONSTRUCTION LOAN: Up to $50 million.
        d.      PERMANENT LOAN: Up to $50 million.
        e.      MATURITY: The Lead Lender will initially provide for up to an
                18-month construction loan, which will then convert to a
                permanent loan repayable over a 10-year period.
        f.      COLLATERAL: The indebtedness will be collateralized by all
                Project assets including without limitation a first priority
                mortgage on the Project, as well as a first priority security
                interest on all accounts receivable, inventory, equipment,
                fixtures, all personal property and general intangibles.
        g.      PREPAYMENT PREMIUM: Subject to Lead Lender conditions as stated
                in term sheet included as part of the Commitment Letter
                Agreement described below.
        h.      MINIMUM EQUITY REQUIREMENT: A minimum of approximately 40%
                equity (comprised of cash from subscriptions for NEDAK equity
                member interests, grants, and subordinated debt, all in form and
                on terms acceptable to Lead Lender) must be injected into the
                Project (that is, the equity must equal at least approximately
                40% of the total of amount of equity and indebtedness, which in
                the aggregate shall be sufficient to pay all Project costs). The
                Lead Lender will require that equity funds be expended first in
                the construction of the Project, prior to any borrowing under
                the construction of loan.

                                    X 10.2-1
<PAGE>

        i.      FINANCING COSTS: The financing closing costs are estimated to
                include the following: a 1.25% origination fee (based on the
                total $50,000,000 Loan), and all costs, expenses and fees of
                Lead Lender incurred in connection with all aspects of the Loan,
                including without limitation, all documentation fees, plus third
                party expenses such as title insurance, legal fees, appraisal,
                survey, third party engineering fees and filing fees.

The foregoing is not intended to be an exhaustive recitation of the terms and
conditions of the proposed Loan, and shall be subject in all respects to all of
the following conditions:

        1.      The parties shall subsequently enter into a final commitment
                letter and fee letter (together the "Commitment Letter
                Agreement") reflecting the final agreed upon terms between the
                parties, and this letter of intent shall be of no force and
                effect whatever in the absence of such Commitment Letter
                Agreement.
        2.      NEDAK shall have received binding irrevocable commitments for
                equity financing, grants or other subordinated financing
                acceptable to Lead Lender equal to at least approximately 40% of
                the total Projects costs.
        3.      The Lead Lender, in its sole and absolute discretion, shall have
                determined that NEDAK is credit worthy (as determined solely by
                Lead Lender's credit committee pursuant to its credit approval
                procedures) and that Farm Credit Services of Grand Forks, ACA
                shall find participants sufficient to fund the transaction.
        4.      There shall be no change, event or occurrence relating to NEDAK
                or the Project which in Lead Lender's sole and absolute
                discretion could have a material adverse effect on NEDAK, its
                business, finances, assets, or the Project, or on the ability of
                NEDAK to repay the Loan.

This letter of intent shall be in effect until expressly terminated by either
party, or until the execution of the Commitment Letter Agreement between the
parties, but in no event later than July 1, 2007, unless extended in writing by
the Lead Lender. Either party may disclose the terms hereof to regulatory
authorities, potential investors or potential lending participants.

Sincerely,

Farm Credit Services of Grand Forks,

 /s/  Dave DeVos
------------------------------------------

Dave DeVos
Vice President and Chief Credit Officer

                                    X 10.2-2EXHIBIT 10.4

                               PRECEDENT AGREEMENT
                                     BETWEEN
                  KINDER MORGAN INTERSTATE GAS TRANSMISSION LLC
                                       AND
                               NEDAK ETHANOL, LLC

        This Precedent Agreement dated this 28th day of February, 2006 states an
agreement between Kinder Morgan Interstate Gas Transmission LLC ("KMIGT"), a
limited liability company organized and existing under the laws of the State of
Colorado, and NEDAK Ethanol LLC ("Shipper"), a limited liability company. KMIGT
and Shipper hereby agree to enter into a transportation service agreement for
the services described herein, provided the conditions set forth in this
Precedent Agreement are met in accordance herewith. The commitment provided by
Shipper via this Precedent Agreement will be used as support for the
construction and operation of certain facilities referred to as the Grand Island
North Project. Accordingly, KMIGT and Shipper agree to the following:

                                    RECITALS:

           WHEREAS, Shipper proposes to construct a new ethanol production plant
(herein the "NEDAK Ethanol Plant" or "Plant") situated near Atkinson, Nebraska
which will utilize natural gas. Shipper desires to have KMIGT transport
Shipper's natural gas supply requirements to a primary delivery point near
O'Neill, Nebraska (O'Neill Delivery Point) for delivery to Kinder Morgan, Inc
who will deliver to the Plant. KMIGT's transportation services will be pursuant
to applicable transportation agreements and KMIGT's FERC Gas Tariff; and

           WHEREAS, the transportation and delivery of such gas supplies by
KMIGT will require KMIGT to increase its pipeline capacity by installing new
facilities north of Grand Island, NE; and

           WHEREAS, The facilities and capacities described herein may change
based on the final capacity requirements or project design; and,

          WHEREAS, the Parties desire to establish the terms and conditions upon
which KMIGT will construct and place into service the required facilities to
provide service to the O'Neill Delivery Point and make available the increased
pipeline capacity to transport and deliver the anticipated natural gas supply
requirements; and ,

WHEREAS, this Precedent Agreement has been executed as evidence of the agreement
between KMIGT and Shipper that, upon satisfaction of the conditions precedent
set forth below, the parties will enter into a Firm Transportation Service
agreement(s) for interstate natural gas transportation service, to be provided
by KMIGT for Shipper.

NOW, THEREFORE, in consideration of the mutual covenants and agreement contained
herein, and intending to be legally bound, KMIGT and Shipper agree as follows:

1.      EFFECTIVE DATE, TERM AND BINDING EFFECT

        This Precedent Agreement shall become effective on the date of its
        execution by both Parties and shall remain in effect until the earlier
        of: (a) the Effective Date of the Firm Transportation Service Agreement,
        or (b) either Shipper's or KMIGT's exercise of its termination rights
        pursuant to this Precedent Agreement, or (c) failure of a condition
        precedent.

                                    X 10.4-1
<PAGE>

2.      SERVICES

        KMIGT agrees to cause the construction of the facilities necessary to
        expand KMIGT's capacity in that part of its System located north of
        Grand Island, Nebraska to flow in a northerly direction so that KMIGT is
        able to deliver 2,450 Dth/d (North Expansion) to the O'Neill Delivery
        Point. KMIGT agrees to provide Shipper with firm transportation services
        to meet Shipper's needs as set forth on Appendix A hereto; however,
        KMIGT shall in no case be obligated to construct more than the capacity
        set forth above. The construction and operation of the North Expansion
        shall be subject to the jurisdiction of the Federal Energy Regulatory
        Commission ("FERC") and shall be pursuant to a FERC Certificate of
        Public Convenience and Necessity application filing by KMIGT
        ("Certificate Application"). The pipeline facilities to be constructed
        and placed into service by KMIGT will be owned, operated and maintained
        by KMIGT

        The Parties agree that KMIGT is not obligated to order material for the
        construction of the KMIGT Facilities or begin the construction and
        installation of the KMIGT Facilities until: (1) all requisite
        authorization has been received in form and substance acceptable to
        KMIGT, and (2) this Agreement has been executed by both Parties.

3.      RATES

        Shipper agrees to pay the Reservation Rate(s) as indicated on Appendix A
        for the entire term set forth on Appendix A, in accordance with the form
        of Agreement attached hereto as Appendix B. The Commodity Rate, as
        indicated on Appendix B, plus ACA and any surcharges which, subsequent
        to the date of this Precedent Agreement, are then generally applicable
        under the Tariff, shall also be paid by Shipper. Fuel and Lost and
        Unaccounted for Gas ("FL&U") shall be assessed, and will be adjusted, in
        accordance with KMIGT's Tariff, in addition to the above described
        rates.

4.      QUANTITY, TERM, RECEIPT AND DELIVERY POINTS

        The Maximum Daily Quantity (MDQ) shall be as set forth on Appendix A
        attached hereto. The Primary Term shall commence on June 1, 2007 or the
        in-service date of the North Expansion. The Primary Term and the Primary
        Receipt and Delivery Point(s) are as set forth on Appendices A and B.
        Secondary Receipt and Delivery Points will be made available pursuant to
        the terms and conditions set forth in KMIGT's FERC Gas Tariff and shall
        be subject to all maximum applicable charges under the tariff, unless
        otherwise agreed to in writing.

5.      CONDITIONS TO KMIGT'S OBLIGATIONS

        KMIGT's obligations to provide firm services and to cause the
        construction of the North Expansion are subject to the following
        conditions:

        (a)    All requisite governmental approvals must be obtained and
               maintained on terms reasonably acceptable to KMIGT, including
               approval of construction, rates and terms and conditions of
               service; and

        (b)    All rights-of-way and other surface rights required to site the
               North Expansion described herein must be obtained on terms and
               conditions reasonably acceptable to KMIGT; and

        (c)    The project must remain economically viable, in KMIGT's sole
               discretion; and

        (d)    KMIGT's obligations are conditioned on Shipper having and
               maintaining such credit as provided in Section 6(c) below to
               satisfy Shipper's financial obligations under this Precedent
               Agreement and the Firm Transportation Service Agreement which is
               to be executed pursuant to this Precedent Agreement.

                                    X 10.4-2
<PAGE>

6.      SHIPPER'S OBLIGATIONS

        (a)    Shipper agrees that it will execute the Firm Transportation
               Service Agreement in the form attached hereto as Appendix B,
               within five (5) business days after tender by KMIGT, in
               accordance with the Tariff and the terms of this Precedent
               Agreement; and

        (b)    Upon request by KMIGT, Shipper agrees to support any
               notification, tariff or certificate filing made to the FERC, or
               other forums, that would assist KMIGT in obtaining any necessary
               authorizations to construct facilities or to provide services as
               set out herein; and

        (c)     Shipper shall provide sufficient evidence of credit worthiness
                as follows:

               The initial credit assurance in the amount of $150,000 will be
               due within fifteen (15) days of signing this Agreement. Such
               credit assurance shall be adjusted based upon the following
               schedule:

                            Period            Credit Assurance
                            ------            ----------------
                           Upon signature       $     150,000
                                   Sep-06       $   1,529,169
                                   Apr-07       $   1,529,168
                                   Jul-07       $   1,529,168
                                   Oct-07       $   1,529,168
                                   Jan-08       $   1,325,278
                                   Apr-08       $   1,197,847
                                   Jul-08       $   1,070,416
                                   Oct-08       $     942,986
                                   Jan-09       $     815,555
                                   Apr-09       $     688,124
                                   Jul-09       $     560,694
                                   Oct-09       $     433,263
                                   Jan-10       $     305,833
                                   Apr-10       $     178,402
                                   Jul-10       $     127,431

Shipper shall maintain the credit assurance of this Section 6 (c) in accordance
with the terms specified in KMIGT's then effective FERC Gas Tariff and the
FERC's policy for construction of new facilities throughout the term of this
Agreement and any superseding Firm Transportation Service Agreement. Further,
this Section 6(c) shall survive the termination of this Agreement

7.      TIMING

        KMIGT anticipates having this project ready for service by June 1, 2007,
        conditioned upon receipt of all necessary regulatory and other
        approvals. However, if KMIGT is unable to commence the service as
        contemplated hereunder by June 1, 2007, KMIGT will proceed with due
        diligence and in good faith to commence the service for Shipper at the
        earliest practicable date thereafter.

                                    X 10.4-3
<PAGE>

8.      TERMINATION RIGHTS

        Shipper shall have the right to terminate this Precedent Agreement prior
        to the Effective Date of the Firm Transportation Service Agreement if:
        (1) if it does not obtain the minimum level of interstate natural gas
        transportation service as specified on Appendix A hereto; or, (2) KMIGT
        has not filed for FERC certificate authority by June 1, 2006; or (3)
        FERC shall deny the Certificate Application. KMIGT shall have the right
        to terminate this Precedent Agreement prior to the Effective Date of the
        Firm Transportation Service Agreement if: (1) FERC shall deny the
        Certificate Application, or (2) FERC shall attach conditions to any
        certificate which results from the Certificate Application which, in
        KMIGT's sole judgment, are unacceptable, or (3) FERC fails to issue a
        certificate in response to the Certificate Application prior to January
        31, 2007; or, (4) KMIGT determines, in its commercially reasonable
        discretion, that the project is not "Economically Viable", with such
        determination to be made no later than thirty (30) days following
        KMIGT's receipt of a certificate from FERC; or, (5) Shipper fails to
        comply with its obligation stated at Section 6(c) above. Any such
        termination by either Party shall be effected by delivery by the
        terminating Party of written notice to the other Party within twenty
        (20) business days after the relied upon occurrence. Notice of
        termination delivered later than twenty (20) business days after the
        relied upon occurrence shall not be effective, except in the case stated
        at clause (e) of this Section 8 wherein any ongoing or periodic failure
        to maintain creditworthiness shall constitute a separate occurrence.

9.      AUTHORITIES

        Performance hereunder shall be subject to all valid laws, orders,
        decisions, rules and regulations of duly constituted governmental
        authorities having jurisdiction or control of the matter related hereto.
        Should either of the Parties, by force of any such law, order, decision,
        rule or regulation, at any time during the term of this Precedent
        Agreement be ordered or required to do any act inconsistent with the
        provisions hereof, then for the period during which the requirements of
        such law, order, decision, rule or regulation are applicable, this
        Precedent Agreement shall be deemed modified to conform with the
        requirement of such law, order, decision, rule or regulation; provided,
        however, nothing herein shall alter, modify or otherwise affect the
        respective rights of the Parties to cancel or terminate this Precedent
        Agreement under the terms and conditions hereof.

10.     ASSIGNMENT

        This Precedent Agreement, in whole or in part, may be assigned by KMIGT
        to a wholly or partially owned affiliate, special purpose joint venture,
        partnership, or other affiliated entity, including a parent company or
        partnership. Shipper may assign this Precedent Agreement and any of the
        rights or obligations hereunder and any associated Firm Transportation
        Service Agreement to any wholly owned affiliate which satisfies the
        credit worthiness standards of KMIGT and which is a successor to the
        business for which the transportation service was initially secured.
        Either party may assign this Precedent Agreement to an entity to which
        the party has assigned, transferred or pledged the rights and privileges
        under the applicable agreement for mortgage, pledge or as security for
        indebtedness. Once the North Expansion is in service, Shipper may
        release its capacity under the Firm Transportation Service Agreement
        pursuant to the terms of the Tariff.

11.     CHOICE OF LAW

        THIS PRECEDENT AGREEMENT SHALL BE INTERPRETED, CONSTRUED AND GOVERNED BY
        THE LAWS OF THE STATE OF COLORADO, WITHOUT REGARD TO THE CHOICE OF LAW
        RULES OF THAT STATE.

12.     FURTHER ASSURANCE

        KMIGT and Shipper shall act in good faith to achieve the benefit of the
        bargains set forth herein, and shall enter into such additional
        agreements as may be reasonable and necessary in furtherance of this
        Precedent Agreement.
                                    X 10.4-4
<PAGE>

13.     CONFIDENTIALITY

        Due to competitive concerns of KMIGT and Shipper, each Party and its
        respective agents, employees, affiliates, officers, Directors,
        attorneys, auditors and other representatives shall keep and maintain
        this Precedent Agreement and the individual provisions hereof in strict
        confidence, and shall not transmit, reveal, disclose or otherwise
        communicate any of the provisions of this Precedent Agreement to any
        person without first obtaining the express written consent of the other
        Party, which consent shall not be unreasonably withheld; provided,
        however, that such consent shall not be required to the extent that
        either Party determines in its reasonable judgment that any such
        disclosure is expressly contemplated or required by law, regulation, an
        entity providing financing or order of any governmental authority of
        competent jurisdiction, including but not limited to the FERC.

14.     REPRESENTATIONS

        Each Party represents that this Agreement, the transactions contemplated
        herein, and the execution and delivery of this Agreement have been duly
        authorized by all necessary corporation or limited liability company
        actions, including, without limitation, required action on the part of
        the officers and agents of the representing Party, and this Agreement,
        when executed and delivered, shall be valid and binding on it.

 KINDER MORGAN INTERSTATE GAS TRANSMISSION LLC

BY:     /s/ R.M. Holstlow
        ------------------------------------

NAME:   Randy M. Holstlow
        ------------------------------------

TITLE:  Vice President

NEDAK ETHANOL LLC

BY:    /s/ Jerome Fagerland
-------------------------------------------

NAME:  Jerome Fagerland
-------------------------------------------

TITLE:  President and General Manager

                                    X 10.4-5
<PAGE>

                                   APPENDIX A
                                     TO THE
                               PRECEDENT AGREEMENT
                                     BETWEEN
             KINDER MORGAN INTERSTATE GAS TRANSMISSION LLC ("KMIGT")
                                       AND
                          NEDAK ETHANOL LLC ("SHIPPER")

                          DATED ____3-23-06___________

        In accordance with the Precedent Agreement, Shipper makes the following
elections for service under the North Expansion Project. Unless as otherwise
specified below and agreed to by KMIGT, the commencement date of the Firm
Transportation Service Agreement is to be the in-service date of the project.
Final determination of the project size will be based upon the total elections
received that are economically acceptable:

FIRM TRANSPORTATION SERVICE
--- ------------------ ---------------------- ------------ ------------ --------
         PRIMARY              PRIMARY                      RESERVATION    TERM
      RECEIPT POINT       DELIVERY POINT       MDQ (DTH/D)    RATE*     (YEARS)
--- ------------------ ---------------------- ------------ ------------ --------
1.   KMOLP/Douglas      NEDAK O'Neill -(PIN         69         MAX         10
     Plant PIN(996620)  # to be determined)
---- ----------------- ---------------------- ------------ ------------ --------
2.     CIG/Glenrock    NEDAK O'Neill (PIN #       2,381        MAX         10
        (PIN 19350)      to be determined)
---- ----------------- ---------------------- ------------ ------------ --------
3.
---- ----------------- ---------------------- ------------ ------------ --------
                                                  2,450
                       TOTAL MDQ
---- ----------------- ---------------------- ------------ ------------ --------

Commencement Date of the Firm Transportation Service contract is June 1, 2007

           * Reservation Rate shall be stated as $ per MDQ or MDCQ per month, or
             Shipper may elect to pay the maximum recourse rate by indicating
             "MAX". Negotiated Rates shall apply to the primary paths and points
             set forth above, and shall remain fixed during the entire term of
             the Firm Transportation Service Agreement

        o    Shipper's minimum acceptable quantity (please check one of the
             following boxes):

             [ ] The quantity requested above is Shipper's minimum acceptable
                 quantity.
             [ ] The minimum quantity is designated as follows: _____________

Agreed to by:

Shipper Signature:    _________________________________________________

Name (Please print):  _________________________________________________

Title:  _____________________________________________________________

                                    X 10.4-6

<PAGE>

                                   APPENDIX B
                                     TO THE
                               PRECEDENT AGREEMENT
                                     BETWEEN
             KINDER MORGAN INTERSTATE GAS TRANSMISSION LLC ("KMIGT")
                                       AND
                          NEDAK ETHANOL LLC ("SHIPPER")
                              DATED _______________

                                                          Contract No. __TBD____

                      FIRM TRANSPORTATION SERVICE AGREEMENT
                        (APPLICABLE TO RATE SCHEDULE FT)

        This Agreement ("Agreement") is made and entered into by Kinder Morgan
Interstate Gas Transmission LLC, a Colorado corporation ("Transporter") and by
the Party(s) named in Article XIII ("Shipper").

        In consideration of the premises and of the mutual covenants, the
parties do agree as follows:

                                    ARTICLE I
                               SCOPE OF AGREEMENT

        Subject to the terms, conditions and limitations hereof and of
Transporter's Rate Schedule FT, Transporter agrees to receive from, or for the
account of, Shipper for transportation on a firm basis quantities of natural gas
tendered by Shipper on any day at the Primary Receipt Point(s) up to the
applicable Maximum Daily Receipt Quantity for such Receipt Point. Shipper shall
not tender at all Primary Receipt Points on any day without the prior consent of
Transporter, a cumulative quantity of natural gas in excess of the Maximum Daily
Transportation Quantity set forth in Article XIII.

        Transporter agrees to transport and deliver to, or for the account of,
Shipper at the Delivery Point(s) the nominated gas received from Shipper at the
Receipt Point(s), less the Fuel Reimbursement Quantity and other deductions, and
Shipper agrees to accept or cause acceptance of delivery of these quantities;
provided, however, that Transporter shall not be obligated to deliver at any
Delivery Point on any day a quantity of natural gas in excess of the applicable
Maximum Daily Delivery Quantity.

                                   ARTICLE II
                                TERM OF AGREEMENT

        This Agreement shall become effective as of the date set forth below and
shall remain in full force and effect in accordance with the terms of this
Service Agreement. This Agreement may be extended for another primary term if
agreed to by both parties in accordance with the provisions in the General Terms
and Conditions on the Right of First Refusal Process.

                                   ARTICLE III
                                  RATE SCHEDULE

        Shipper shall pay Transporter for all services rendered and for the
availability of such service at rates filed under Transporter's FT Rate Schedule
as shown on Sheet No. 4-A of Second Revised Volume No. 1-A and as the same may
be hereafter revised or changed. Unless otherwise agreed to in writing between
Transporter and Shipper, the rates to be charged Shipper for transportation
shall not be more than the maximum rate under Rate Schedule FT, nor less than
the minimum rate under Rate Schedule FT.

                                    X 10.4-7
<PAGE>

        This Agreement and all terms and provisions contained or incorporated
herein are subject to the provisions of Transporter's applicable Rate Schedules
and of Transporter's General Terms and Conditions on file with the Federal
Energy Regulatory Commission, or other duly constituted authorities having
jurisdiction, and as the same may be legally amended or superseded, which Rate
Schedules and General Terms and Conditions are by this reference made a part
hereof.

        Shipper agrees that Transporter shall have the unilateral right to file
with the appropriate regulatory authority and make changes effective in: (a) the
rates and charges applicable to service pursuant to Transporter's Rate Schedule
FT, (b) Transporter's Rate Schedule FT, pursuant to which service is rendered,
or (c) any provision of the General Terms and Conditions applicable to Rate
Schedule FT.

                                   ARTICLE IV
                            PRIMARY RECEIPT POINT(S)

        Natural gas to be received by Transporter for the account of Shipper
shall be delivered by Shipper and received by Transporter on the outlet side of
the measuring station(s) at or near the Primary Receipt Point(s) specified in
Appendix A, with the Maximum Daily Receipt Quantity and the facility number,
maximum receipt pressure, and provisions for incremental facilities as set forth
in Appendix A. If multiple primary delivery point rate zones are specified in
Appendix B the primary receipt point(s) and quantities must be allocated by
primary delivery point rate zone in Appendix A.

                                    ARTICLE V
                             PRIMARY DELIVERY POINTS

        Natural gas to be delivered by Transporter for the account of Shipper
shall be delivered by Transporter and received by Shipper on the outlet side of
the measuring station(s) at or near the Primary Delivery Point(s) specified in
Appendix B, with the Maximum Daily Delivery Quantity and the facility number,
maximum delivery pressure, and provisions for incremental facilities indicated
for each such Delivery Point as set forth in Appendix B.

                                   ARTICLE VI
                                     QUALITY

        All natural gas tendered to Transporter for transportation for the
account of Shipper at the Receipt Point(s) shall conform to the quality
specifications set forth in Section 4 of the General Terms and Conditions of
Transporter's FERC Gas Tariff, as revised from time to time unless otherwise
agreed to. Transporter may refuse to take delivery of any gas for transportation
which does not meet such quality specifications.

                                   ARTICLE VII
                                 INTERPRETATION

        The interpretation and performance of the Agreement shall be in
accordance with the laws of the State of Colorado.

        This Agreement, and all its rates, terms and conditions, shall at all
times be subject to modification by order of the FERC upon notice and hearing
and a finding of good cause therefore. In the event that any party to this
Agreement requests the FERC to take any action which could cause a modification
in the conditions of this Agreement, that party shall provide written notice to
the other parties at the time of filing the request with the FERC.

                                    X 10.4-9

<PAGE>

                                  ARTICLE VIII
                           AGREEMENTS BEING SUPERSEDED

        When this Agreement becomes effective, it shall supersede and cancel any
other firm agreements between the parties for the same service.

                                   ARTICLE IX
                                 CERTIFICATIONS

        By executing this Agreement, Shipper certifies that: (1) Shipper has a
valid right to deliver the gas to be transported by Transporter; (2) Shipper
has, or will have, entered into all arrangements necessary for the commencement
of deliveries to Transporter; and (3) Shipper has a transportation contract(s)
or will enter into a transportation contract(s) with the party ultimately
receiving the gas, prior to the commencement of service.

                                    ARTICLE X
                                    ADDRESSES

        Except as otherwise provided or as provided in the General Terms and
Conditions of Transporter's FERC Gas Tariff, any notice, request, demand,
statement, bill or payment provided for in this Agreement, or any notice which
any party may desire to give to the other, shall be in writing and shall be
considered as duly delivered when mailed by registered, certified, or regular
mail to the post office address of the parties as follows:

        (a)    Transporter:

               Mailing Address:                     Street Address:
               Kinder Morgan Interstate Gas         Kinder Morgan Interstate Gas
                  Transmission LLC                     Transmission LLC
               P.O. Box 281304                      370 Van Gordon
               Lakewood, Colorado  80228-8304       Lakewood, Colorado  80228
               Telephone: (303) 989-1740
               Telecopy:  (303) 763-3515

               Scheduling:                          Payment Address:
               Transportation and Storage Services  Kinder Morgan Interstate Gas
               Telephone:  (713) 369-9329              Transmission LLC
               Telecopy:    (713) 369-9325          c/o KMP Rockies
                                                    Dept. 3035 P O Box 201607
                                                    Dallas, Texas 75320-1607

                                                    Wires:
                                                    Kinder Morgan Interstate Gas
                                                       Transmission LLC
                                                    c/o KMP Rockies
                                                    Wells Fargo Bank, NA
                                                    ABA No. 121 000 248
                                                    Account No. 412 112 0968

                                    X 10.4-10
<PAGE>

        (b) Shipper: As shown in Article XIII or such other address as either
party shall designate by formal written notice.

                                   ARTICLE XI
                             SUCCESSORS AND ASSIGNS

        This Agreement shall be binding upon and inure to the benefit of any
successor(s), substantially as an entirety, to either Transporter or Shipper by
merger, consolidation or acquisition. Either Transporter or Shipper may assign
or pledge this Agreement and all rights and obligations hereunder under the
provisions of any mortgage, deed of trust, indenture or other instrument which
it has executed or may execute hereafter as security for indebtedness;
otherwise, except as provided in Section 23 of the General Terms and Conditions,
neither Transporter nor Shipper shall assign this Agreement or its rights
hereunder.

                                   ARTICLE XII
                                CAPACITY RELEASE

        Shipper may release its capacity under this Firm Transportation Service
Agreement, up to Shipper's Maximum Daily Transportation Quantity or Maximum
Contract Quantity, in accordance with the General Terms and Conditions of
Transporter's FERC Gas Tariff.

                                  ARTICLE XIII
                              SPECIFIC INFORMATION

               Firm Transportation Service Agreement between KINDER MORGAN
INTERSTATE GAS TRANSMISSION LLC ("Transporter") and NEDAK Ethanol LLC
("Shipper").

Contract Number:                    _______TBD______
Contract Date:                      _____________
Term:                               Term:  For Ten Years Commencing the
                                    Later of June 1, 2007 or the
                                    In-Service Date of the North Expansion
Termination Notice:                 __Per tariff_____________

Shipper Address:
                                    118 East State Street____
                                    Atkinson, NE 68713______

Telephone:                          ________________
Telecopy:                           ________________

Maximum Daily
Transportation Quantity:            2,450 MMBtu per day.

Rate: The rate charged will be the maximum transportation rate unless otherwise
agreed to in writing.

Fuel Reimbursement: As stated on Tariff Sheet No. 4-D, unless otherwise agreed
to in writing.

                                    X 10.4-10
<PAGE>

        IN WITNESS WHEREOF, the parties have caused this Agreement to be signed
by their duly authorized representative.

KINDER MORGAN INTERSTATE GAS                 NEDAK ETHANOL LLC
TRANSMISSION LLC                             "Shipper"
"Transporter"

By:     ____________________________         By:  _____________________________

        3                                           4
Title:  ____________________________         Title:  ___________________________

                                    X 10.4-11
<PAGE>

                                   APPENDIX A
                                RECEIPT POINT(S)

        To the Firm Transportation Service Agreement between KINDER MORGAN
INTERSTATE GAS TRANSMISSION LLC ("Transporter") and NEDAK ETHANOL LLC
("Shipper").

Contract Number:  ______TBD__________            Dated:         _______________
                                                 Effective Date:  June 1,
2007_____

                                      Maximum                     Provision for
Primary                               Receipt   Maximum Daily      Incremental
Receipt Point(s)        Facility No.  Pressure  Receipt Quantity   Facility
-------------------     -----------   --------  ----------------- ------------

KMOLP/Douglas Plant     PIN (996620)                  69 Dth           N/A

CIG/Glenrock            PIN (19350)                2,381 Dth           N/A

This Appendix A supersedes and cancels any previously effective Appendix A to
the referenced Firm Transportation Service Agreement.

KINDER MORGAN INTERSTATE GAS               NEDAK ETHANOL LLC
TRANSMISSION LLC                           "Shipper"
"Transporter"

By:     ___________________________        By:    ______________________________

Title:  ___________________________        TITLE: ______________________________

                                    X 10.4-12

<PAGE>

                                   APPENDIX B
                                DELIVERY POINT(S)

        To the Firm Transportation Service Agreement between KINDER MORGAN
INTERSTATE GAS TRANSMISSION LLC ("Transporter") and NEDAK ETHANOL LLC
("Shipper").

Contract Number:  _____TBD________             Dated:         ______________
                                               Effective Date:       June 1,
2007____

                                                                     Maximum
                                      Maximum                     Provision for
Primary                               Receipt    Maximum Daily     Incremental
Receipt Point(s)        Facility No.  Pressure  Receipt Quantity   Facility
-------------------     -----------   --------  ----------------- ------------

NEDAK O'Neill              (PIN # TBD)               2,450 Dth          NA

This Appendix B supersedes and cancels any previously effective Appendix B to
the referenced Firm Transportation Service Agreement.

KINDER MORGAN INTERSTATE GAS               NEDAK ETHANOL LLC
 TRANSMISSION LLC                          ("Shipper")
("Transporter")

By:     ____________________________       By:    ______________________________

Title:  ____________________________       Title: ______________________________

                                     X 10.4-13

<PAGE>

                                   APPENDIX C
                   PRIMARY TRANSPORTATION PATH SEGMENT MDTQ's
         (Applicable to New, Renewed or Amended Transportation Segments)

        An MDTQ exists for each primary transportation path segment and
direction within the primary path under this Agreement. Such MDTQ is the maximum
daily transportation quantity of gas which Transporter is obligated to transport
on a firm basis along a primary transportation path segment.

        A schedule showing these primary transportation path segment MDTQ's is
attached.

        This Appendix C supersedes and cancels any previously effective Appendix
C to this Firm Transportation Service Agreement.

                                          KINDER MORGAN INTERSTATE
                                           GAS TRANSMISSION LLC
                                          ("Transporter")

                                          By : _________________________________

                                          Title:  ______________________________

                                          NEDAK ETHANOL LLC
                                          ("Shipper")

                                          By :  ________________________________

                                          Title: _______________________________

                                                Flow Direction
                   Upstream                      (F)orward Haul
 Segment #         Segment                       or (B)ack Haul          MDTQ
 ---------         -------                       --------------          ----

                                    X 10.4-14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}]]