Document:

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                                    AGREEMENT

       THIS AGREEMENT, made and entered into as of October 1, 2001, by and
between Western Plains Energy, L.L.C., a Kansas corporation ("Seller"), and ICM
Marketing, Inc., a Kansas corporation ("Buyer").

                                   WITNESSETH:

       WHEREAS, Seller desires to sell and Buyer desires to purchase the Wet
Distiller's Grains with Solubles, and Dried Distiller's Grains with Solubles,
(hereinafter the "Products") output of the ethanol production "Plant" which
Seller intends to construct and own at a selected location in the State of
Kansas, (hereinafter called the "Plant") and

       WHEREAS, Seller and Buyer wish to agree in advance of such sale and
purchase to the price formula, payment, delivery and other terms thereof in
consideration of the mutually promised performance of the other;

       NOW, THEREFORE, in consideration of the promises and the mutual covenants
and conditions herein contained, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged by both parties, it
is hereby agreed:

       1.     PURCHASE AND SALE. Seller agrees to sell to Buyer its entire bulk
feed grade "Products" output from Seller's "Plant", and Buyer agrees to purchase
from Seller the entire bulk feed grade "Products" output from Seller's "Plant",
subject to all the terms and conditions set forth in this Agreement.

       2.     TRADE RULES. All purchases and sales made hereunder shall be
governed by the Feed Trade Rules of the National Grain and Feed Association
unless otherwise specified. Said Trade Rules, shall to the extent applicable, be
a part of this Agreement as if fully set forth herein. Notwithstanding the
foregoing, the Arbitration Rules of the National Grain and Feed Association
shall not be applicable to this Agreement and nothing herein contained shall be
construed to constitute an agreement between the parties to submit disputes
arising hereunder to arbitration before any organization or tribunal.

       3.     TERM. The initial term of this Agreement shall be for three years.
This agreement shall be automatically renewed for successive one-year terms
unless either party gives written notice to the other party of its election not
to renew not later than ninety (90) days prior to the expiration of the then
current term.

       4.     DELIVERY AND TITLE.

              A.     The place of delivery for all "Products" sold pursuant to
this Agreement shall be FOB "Plant". Buyer and Buyer's agents shall be given
access to Seller's "Plant" in a manner and at all times reasonably necessary and
convenient for Buyer to take delivery as provided herein. Buyer shall schedule
the loading and shipping of all outbound "Products" purchased hereunder which is
shipped by truck or rail; but all labor and equipment necessary to

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load trucks or rail cars, shall be supplied by Seller without charge to Buyer.
Seller agrees to handle the "Products" in a good and workmanlike manner in
accordance with Buyer's reasonable requirements and in accordance with normal
industry practice. Seller shall maintain the truck/rail loading facilities in
safe operating condition in accordance with normal industry standards.

              B.     Seller further warrants that storage space for not less
than three full days of production of Wet Distillers Grains with Solubles, and
not less than seven full days of production of Dried Distillers Grains with
Solubles, based on normal operating capacity, shall be reserved for Buyer's use
at the "Plant" and shall be continuously available for storage of "Products"
purchased by Buyer hereunder at no charge to Buyer. Buyer warrants and agrees to
remove "Products" before the aforementioned storage limits are exceeded, or
before "Plant" operations are affected. Seller shall be responsible at all times
for the quantity, quality and condition of any "Products" in storage at the
"Plant". Seller shall not be responsible for the quantity, quality and condition
of any "Products" stored by Buyer at locations other than the "Plant".

              C.     Buyer shall give to Seller a schedule of quantities of
"Products" to be removed by truck and rail respectively with sufficient advance
notice reasonably to allow Seller to provide the required services. Seller shall
provide the labor, equipment and facilities necessary to meet Buyer's loading
schedule and, except for any consequential or indirect damages, shall be
responsible for Buyer's actual costs or damages resulting from Seller's failure
to do so. Buyer shall order and supply trucks as scheduled for truck shipments.
All freight charges shall be the responsibility of Buyer and shall be billed
directly to Buyer. Demurrage charges will be for the account of the Buyer if
Buyer fails to provide railcars in accordance with the production schedule
provided by Seller. Demurrage charges will be for the account of the Seller if
Seller fails to load railcars in accordance with said schedule.

              D.     Subject to Section 1, Buyer shall provide loading orders as
necessary to permit Seller to maintain Seller's usual production schedule,
provided, however, that Buyer shall not be responsible for failure to schedule
removal of "Products" unless Seller shall have provided to Buyer production
schedules as follows: Five (5) days prior to the beginning of each calendar
month during the term hereof, Seller shall provide to Buyer a tentative schedule
for production in the next calendar month. On Wednesday of each week during any
term hereof, Seller shall provide to Buyer a schedule for actual production
during the next production week (Monday through Sunday). Seller shall inform
Buyer daily of inventory and production status by 8:30 a.m. CDT. For purposes of
this paragraph, notification will be sufficient if made by facsimile as follows:

              If to Buyer, to the attention of ICM Marketing, Inc., Randy Ives,
              Facsimile number 316-796-0944 and

              If to Seller, to the attention of _______________________________
              Facsimile number______________________.

              Or to such other representatives of Buyer and Seller as they may
              designate to the other in writing.

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              E.     Title, risk of loss and full shipping responsibility shall
pass to Buyer upon loading the "Products" into trucks or rail cars, as the case
may be, and delivery to Buyer of the bill of lading for each such shipment.

              F.     None of the Seller "Products" shall be sold more than 180
days in advance by Buyer unless Seller explicitly approves the price and terms
of any such contract Buyer will advise weekly and update Seller monthly on all
outstanding contractual obligations, and the terms thereof. The aforementioned
method of notification shall be deemed sufficient for this purpose. Any forward
sales approved by the Seller shall be the property of the Seller, and the Seller
shall have the full benefit or burden of those contracts.

       5.     PRICE AND PAYMENT.

              A.     Buyer agrees to pay Seller for all "Products" removed by
Buyer from the "Plant", a. price equal to ninety-eight percent (98%) of the FOB
"Plant" price billed, but not necessarily collected, by Buyer to customers that
are or are not members with an ownership interest in Seller. Upon receipt of
documentation from Seller, Buyer will pay Seller an additional one-half percent
of the FOB "Plant" price billed, but not necessarily collected, by Buyer to
customers that are members with an ownership interest in the Seller. The
additional one-half percent shall be paid only for "Product" that is subject to
a member agreement between Seller and the customer. Payment shall be made each
Thursday for all "Products" shipped the previous week. For purposes of this
provision, the FOB "Plant" price shall be the actual sale price, less all
freight costs incurred by Buyer in delivering the "Product" to its customer.
Buyer agrees to use commercially reasonable efforts to achieve the highest
resale price available under prevailing market conditions as judged by Buyer.
Seller's sole and exclusive remedy for breach of Buyer's obligations under this
paragraph 5A, shall be to terminate this Agreement.

              B.     On a daily basis, Weekends and Holidays excluded, Seller
shall provide Buyer with certified weight certificates for the previous day's
shipments. Buyer shall pay Seller the full price, determined pursuant to
paragraph 5A above, for all properly documented shipments. Payment for such
shipments shall occur so that payment is received on or by the following
Thursday of each shipment week (Sunday through Saturday). Buyer agrees to
maintain accurate sales records and to provide such records to Seller upon
request. Seller shall have the option to audit Buyer's sales invoices at any
time during normal business hours and during the term of this Agreement.

              C.     Buyer shall be responsible for all customer billing and
account servicing, including but not limited to the collection of amounts owed
the Buyer by its customers. Buyer shall bear all costs associated with billing
and collection activities. Buyer shall assume all losses due to a customer's
failure to pay its account, unless Seller is otherwise in default for having
failed to deliver Products in accordance with the terms and conditions of this
Agreement.

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       6.     QUANTITY AND WEIGHTS.

              A.     It is understood that said output of the "Products" shall
be determined by Seller's production schedule and that no warranty or
representation has been made by Seller as to the exact quantities of "Products"
to be sold pursuant to this Agreement. At the effective date of this Agreement,
the output estimated by Seller to be sold to the Buyer is approximately 7
thousand tons (7,000) of "Products" per month on a dry matter basis from the
aforementioned "Plant".

              B.     The quantity of "Products" delivered to Buyer from Seller's
"Plant" shall be established by weight certificates obtained from scales which
are certified as of the time of weighing and which comply with all applicable
laws, rules and regulations. In the case of rail shipments, the first official
railroad weights will govern establishment of said quantities. The outbound
weight certificates shall be determinative of the quantity of "Products" for
which Buyer is obligated to pay pursuant to Section 5.

              C.     All rail cars loaded at Seller's "Plant" shall be grain
hopper cars. Seller agrees that such cars shall be loaded to full visible
capacity at Seller's "Plant". If not loaded to full visible capacity, Seller
shall pay in full the portion of freight charges allocable to the unused
capacity of the car. It is agreed and understood that all railcars, when loaded
to full visible capacity, shall be defined as having a "light weight".

       7.     QUALITY.

              A.     Seller understands that Buyer intends to sell the
"Products" purchased from Seller as a primary animal feed ingredient and that
said "Products" are subject to minimum quality standards outlined in Exhibit A
for such use. Seller agrees and warrants that "Products" produced at its "Plant"
and delivered to Buyer shall be accepted in the feed trade under the minimum
quality standards outlined in Exhibit A and shall be of merchantable quality.

              B.     Seller warrants that all "Products" sold to Buyer hereunder
shall, at the time of delivery to Buyer, conform to the minimum quality
standards outlined in Exhibit A. Said minimum quality standards are subject to
change at the discretion of Seller. Sufficient notice shall be deemed to be 30
days of written notification to Buyer.

              C.     Seller warrants that at the time of loading, the "Products"
will not be adulterated or misbranded within the meaning of the Federal Food,
Drug and Cosmetic Act and that each shipment may lawfully be introduced into
interstate commerce under said Act. Payment of invoice does not waive Buyer's
rights if goods do not comply with terms or specifications of this Agreement.
Unless otherwise agreed between the parties to this Agreement, and in addition
to other remedies permitted by law, the Buyer may, without obligation to pay,
reject either before or after delivery, any of the `Products" which when
inspected or used are found by Buyer to fail in a material way to conform to
this Agreement. Should any of the "Products" be seized or condemned by any
federal or state department or agency for any reason except noncompliance by
Buyer with applicable federal or state requirements, such seizure or
condemnation shall operate as a rejection by Buyer of the goods seized or
condemned and Buyer shall not be

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obligated to offer any defense in connection with the seizure or condemnation.
However, Buyer agrees to cooperate with Seller in connection with the defense of
any quality or other product claims, or any claims involving seizure or
condemnation. Buyer shall be fully responsible for, and shall indemnify Seller
against any liability for, claims arising from any failure to deliver feed
products, except to the extent that delivery under those contracts fails due to
Seller's fault. When rejection occurs before or after delivery, at its option,
Buyer may:

                     (1) Dispose of the rejected goods after first offering
Seller a reasonable opportunity of examining and taking possession thereof, if
the condition of the goods reasonably appears to Buyer to permit such delay in
making disposition; or

                     (2) Dispose of the rejected goods in any manner directed by
Seller which Buyer can accomplish without violation of applicable laws, rules,
regulations or property rights; or

                     (3) If Buyer has no available means of disposal of rejected
goods and Seller fails to direct Buyer to dispose of them as provided herein,
Buyer may return the rejected goods to Seller, upon which event Buyer's
obligations with respect to said rejected goods shall be deemed fulfilled. Title
and risk of loss shall pass to Seller promptly upon rejection by Buyer.

                     (4) Seller shall reimburse Buyer for all costs reasonably
incurred by Buyer in storing, transporting, returning and disposing of the
rejected goods. Buyer shall have no obligation to pay Seller for rejected goods
and may deduct reasonable costs and expenses to be reimbursed by Seller from
amounts otherwise owed by Buyer to Seller.

                     (5) If Seller produces "Products" which comply with the
warranty in Section C above but which do not meet applicable industry standards,
Buyer agrees to purchase such "Products" for resale but makes no representation
or warranty as to the price at which such "Product" can be sold. If the
"Product" deviates so severely from industry standard as to be unsalable in
Buyer's reasonable judgment; then it shall be disposed of in the manner provided
for rejected goods in Section C above.

              D.     If Seller knows or reasonably suspects that any "Products"
produced at its "Plant" are adulterated or misbranded, or outside of minimum
quality standards set forth in Exhibit A, Seller shall promptly so notify Buyer
so that such "Product" can be tested before entering interstate commerce. If
Buyer knows or reasonably suspects that any "Products" produced by Seller at its
"Plants" are adulterated, misbranded or outside of minimum quality standards set
forth in Exhibit A, then Buyer may obtain independent laboratory tests of the
affected goods. If such goods are tested and found to comply with all warranties
made by Seller herein, then Buyer shall pay all testing costs and if the goods
are found not to comply with such warranties, Seller will pay all testing costs.

       8.     RETENTION OF SAMPLES.

              A.     Seller will take an origin sample of the "Products" from
each truck or rail car before it leaves the "Plant" using standard sampling
methodology. Seller will label these

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samples to indicate the date of shipment that the truck, rail car, or pickup
number involved. Seller will also retain the samples and labeling information
for no less than 6 months for Dry "Product". Samples for Wet "Product" should be
retained for 14 days, before being discarded.

              B.     At a minimum, a composite analysis on all "Products" shall
be sent once a month to Buyer. It is understood that said analysis is a
composite and may or may not be indicative of the current analysis.

       9.     INSURANCE.

              A.     Seller warrants to Buyer that all Seller's employees
engaged in the removal of "Products" from Seller's Plant shall be covered as
required by law by worker's compensation and unemployment compensation
insurance.

              B.     Seller agrees to maintain throughout every term of this
Agreement commercial general liability insurance, including Product Liability
coverage, with combined single limits of not less than $2,000,000. Seller's
policies of commercial general liability insurance shall be endorsed to require
at least thirty (30) days advance notice to Buyer prior to the effective date of
any termination or cancellation of coverage. Seller shall cause Buyer to be
named as an additional insured on Seller's insurance policy and shall provide a
certificate of insurance to Buyer to establish the coverage maintained by Seller
by the start of the contract term.

              C.     Buyer agrees to carry such insurance on its vehicles and
personnel operating ors Seller's property as Seller reasonably deems
appropriate. The parties acknowledge that Buyer may elect to self insure its
vehicles. Upon request, Buyer shall provide a certificate of insurance to Seller
to establish the coverage maintained by Buyer.

              D.     Neither Seller nor Buyer shall be liable to the other party
for any loss or damage to any building, structure, equipment, vehicles or other
tangible property owned by the other including but not limited to lost income
and profits, even though such loss or damage might have been occasioned by the
negligence of such party, its employees, agents or contractors.

              E.     Buyer agrees to maintain throughout every term of this
Agreement commercial general liability insurance, with combined single limits of
not less than. $2,000,000. Buyer's policies of commercial general liability
insurance shall be endorsed to require at least thirty (30) days advance notice
to Seller prior to the effective date of any termination or cancellation of
coverage. Buyer shall cause Seller to be named as an additional insured on
Buyer's insurance policy and shall provide a certificate of insurance to Seller
to establish the coverage maintained by Buyer by the start of the contract term.

       10.    REPRESENTATIONS AND WARRANTIES.

              A.     Seller represents and warrants that all "Products"
delivered to Buyer shall not be adulterated or misbranded, except that Buyer
assumes all responsibility for labeling and

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tagging the feed products in accordance with applicable law, and assuming that
Seller's "Products" meet the specifications set forth in Exhibit A as amended
from time to time within the meaning of the Federal Food, Drug and Cosmetic Act,
and may lawfully be introduced into interstate commerce pursuant to the
provisions of the Act. Seller further warrants that the "Products" shall fully
comply with any applicable state laws governing quality, naming and labeling of
"Products". Payment of invoice shall not constitute a waiver by Buyer of Buyer's
rights as to goods which do not comply with this Agreement or with applicable
laws and regulations.

              B.     Seller represents and warrants that "Products" delivered to
Buyer shall be free and clear of liens and encumbrances.

       11.    EVENTS OF DEFAULT. The occurrence of any of the following shall be
an event of default under this Agreement: (1) failure of either party to make
payment to the other when due; (2) default by either party in the performance of
the covenants, conditions and agreements imposed upon that party by this
Agreement; (3) if either party shall become insolvent, or make a general
assignment for the benefit of creditors or to an agent authorized to liquidate
any substantial amount of its assets, or be adjudicated bankrupt, or file a
petition in bankruptcy, or apply to a court for the appointment of a receiver
for any of its assets or properties with or without consent, and such receiver
shall not be discharged within sixty (60) days following appointment.

       12.    REMEDIES. Upon the happening of an Event of Default, the parties
hereto shall have all remedies available under applicable law with respect to an
Event of Default by the other party, including but not limited to the recovery
of attorneys' fees and other costs and expenses. Without limiting the foregoing,
the parties shall have the following remedies whether in addition to or as one
of the remedies otherwise available to them: (1) to declare all amounts owed
immediately due and payable; and (2) to terminate this Agreement within thirty
(30) days following the giving of notice of default and opportunity to cure,
provided, however, Buyer shall be allowed 5 calendar days from the date of
receipt of notice of default for non-payment to cure any non-payment.
Notwithstanding any other provision of this Agreement, Buyer may offset against
amounts otherwise owed to Seller the price of any "Products" which fails to
conform to any requirements of this Agreement.

       13.    FORCE MAJEURE. Neither Seller nor Buyer will be liable to the
other for any failure or delay in the performance of any obligation under this
Agreement due to events beyond its reasonable control including, but not limited
to, fire, storm, flood, earthquake, explosion, act of the public enemy, riots,
civil disorders, sabotage, strikes, lockouts, labor disputes, labor shortages,
war, stoppages or slowdowns initiated by labor, transportation embargoes,
failure or shortage of materials, acts of God, or acts or regulations or
priorities of the federal, state or local government or branches or agencies
thereof.

       14.    INDEMNIFICATION.

              A.     Except as otherwise provided in paragraph 9D, Seller shall
indemnify, defend and hold Buyer and its officers, directors, employees and
agents harmless from any and

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all losses, liabilities, damages, expenses (including reasonable attorneys'
fees), costs, claims, demands that Buyer or its officers, directors, employees
or agents may suffer, sustain or become subject to, or as a result of (i) any
misrepresentation or breach of warranty, covenant or agreement of Seller
contained herein, or (ii) the Seller's negligence or willful misconduct.

              B.     Except as otherwise provided in paragraph 9D, Buyer shall
indemnify, defend and hold Seller and its officer, directors, employees and
agents harmless, from any and all losses, liabilities, damages, expenses
(including reasonable attorneys' fees), costs, claims or demands that Seller or
its officers, directors, employees or agents may suffer, sustain or become
subject to, or as a result of (i) any misrepresentation or breach of warranty,
covenant or agreement of Buyer contained herein or (ii) the Buyer's negligence
or willful misconduct.

              C.     Where such personal injury or death is the result of
negligence on the part of both Seller and Buyer, each party's duty of
indemnification shall be in proportion to the percentage of that party's
negligence or faults.

       15.    RELATIONSHIP OF PARTIES. This Agreement creates no relationship
other than that of buyer and seller between the parties hereto. Specifically,
there is no agency, partnership, joint venture or other joint or mutual
enterprise or undertaking created hereby. Nothing contained in this Agreement
authorizes one party to act for or on behalf of the other and neither party is
entitled to commissions from the other.

       16.    MISCELLANEOUS.

              A.     This writing is intended by the parties as a final
expression of their agreement and a complete and exclusive statement of the
terms thereof.

              B.     No course of prior dealings between the parties and no
usage of trade, except where expressly incorporated by reference, shall be
relevant or admissible to supplement, explain, or vary any of the terms of this
Agreement.

              C.     Acceptance of, or acquiescence in, a course of performance
rendered under this or any prior agreement shall not be relevant or admissible
to determine the meaning of this Agreement even though the accepting or
acquiescing party has knowledge of the nature or the performance and an
opportunity to make objection.

              D.     No representations, understandings or agreements have been
made or relied upon in the making of this Agreement other than as specifically
set forth herein.

              E.     This Agreement can only be modified by a writing signed by
all of the parties or their duly authorized agents.

              F.     The paragraph headings herein are for reference purposes
only and shall not in any way affect the meaning or interpretation of this
Agreement.

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              G.     This Agreement shall be construed and performed in
accordance with the laws of the State of Kansas.

              H.     The respective rights, obligations and liabilities of the
parties under this Agreement are not assignable or delegable without the prior
written consent of the other party.

              I.     Notice shall be deemed to have been given to the party to
whom it is addressed forty-eight (48) hours after it is deposited in certified
U.S. mail, postage prepaid, return receipt requested, addressed as follows:

Buyer:                                    ICM Marketing, Inc.
                                          P.O. Box 397
                                          310 North First
                                          Colwich, Kansas 67030
                                          Attn:  Randy Ives

Seller:                                   Western Plains Energy, L.L.C.

                                          Quinter, Kansas
                                          Attn:  Jeff Torluemke

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

                                          ICM Marketing, Inc.

                                          By: /s/ Randy Ives
                                          Title: President

                                          Western Plains Energy, L.L.C.

                                          By: /s/ Jeff Torluemke
                                          Title: President<Page>

                    ETHANOL MARKETING AND SERVICES AGREEMENT

This Agreement is made and entered into this 31st day of October, 2001 by and
between Western Plains Energy, LLC (hereinafter referred to as Owner), and
Ethanol Products, LLC having an address of 111 S. Ellis, Wichita, Kansas 67211
(hereinafter referred to as Marketer).

                                    RECITALS:

         A)       Owner would like to utilize the services of an ethanol
                  marketer to market fuel grade ethanol (hereinafter referred to
                  as Ethanol) from its plant to be sited in Western Kansas.

         B)       Marketer is in the business of marketing Ethanol in the United
                  States.

         C)       The parties desire to enter into and execute this Agreement
                  for the purpose of setting forth agreed upon terms and
                  conditions,

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and
agreements set forth herein, the parties agree as follows:

         1.       MARKETING RIGHTS. Owner gives Marketer exclusive rights to
                  market all Ethanol produced from its ethanol plant in Western
                  Kansas.

         2.       TERM OF AGREEMENT. The term of this agreement shall be five
                  years from the start of production of Ethanol unless
                  terminated by a party due to the breach of this Agreement by
                  the other party. This Agreement renews automatically for
                  additional five-year periods, at the end of the initial
                  five-year period and at the end of any subsequent five-year
                  renewal period, unless terminated by either party. Either
                  party may terminate this agreement at the end of the initial
                  five-year period or at the end of any five-year renewal period
                  by giving to the other party 90 days' notice of termination
                  prior to the end of the then current period. Within 15 days of
                  receipt of written notice of termination by Owner, Marketer
                  will provide Owner with a quantity per month of Ethanol for up
                  to one year from termination that will be needed to fulfill
                  sales contracts in existence at the time of termination and
                  copies of said contracts. Owner agrees that all such existing
                  contracts disclosed in the 15-day period will be fulfilled,
                  and that the terms of this Agreement will remain in effect for
                  all such Ethanol.

         3.       MARKETING SERVICES PROVIDED. Marketer will provide to Owner
                  the following marketing services:

                  a.       MARKETING. Marketer will effect the sale of Owner's
                           Ethanol with a good faith effort to achieve the best
                           available market prices.

                  b.       SCHEDULING AND DISTRIBUTION. Marketer will be
                           responsible for scheduling all shipments of Owner's
                           Ethanol. Marketer will provide to Owner a shipping

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                           order, and Owner will provide a combined shipping
                           schedule as stated in Section 8 below.

                  c.       LEASED STORAGE. If it is deemed necessary by Marketer
                           to market Owner's Ethanol through storage facilities,
                           Owner will pay all commercially reasonable lease and
                           throughput costs associated with such leases.

                  d.       FREIGHT. When necessary to market Owner's Ethanol,
                           Marketer will arrange freight for shipment of Owner's
                           Ethanol. Owner will pay all commercially reasonable
                           freight costs.

                  e.       CUSTOMER CREDITWORTHINESS. Marketer will make
                           reasonable efforts to review the creditworthiness of
                           Owner's Ethanol customers. As deemed necessary at
                           Marketer's discretion, Marketer will obtain at its
                           expense credit bureau reports or Dunn and Bradstreet
                           reports for customers of Owner. Marketer will then
                           recommend to Owner, which, if any, accounts Marketer
                           believes should be rejected. Owner will have the
                           right to request and review the rejection
                           recommendations and/or reports and notify Marketer in
                           writing of any customers in addition to the
                           recommendations of Marketer that should be rejected
                           or accepted by Owner. Marketer will not sell Ethanol
                           to any customer rejected by Owner or Marketer.

                  f.       ACCOUNTS RECEIVABLE. Marketer will make reasonable
                           efforts to collect any past due accounts. However,
                           Marketer shall not be required to initiate litigation
                           to collect delinquent accounts. Marketer is
                           authorized to turn over to collection agencies a
                           delinquent account unless Owner determines that it
                           will assume responsibility for collecting the
                           account. Any collection agency fees resulting from
                           the collections process will be borne by Owner. All
                           accounts receivable losses arising from the marketing
                           of Ethanol are the sole responsibility of Owner.

                  g.       TITLE TO AND RISK OF LOSS. Title to and risk of loss
                           shall pass from Owner directly to Owner's customer
                           according to the provisions of each sales
                           transaction.

                  h.       TRANSACTION PROCESSING. Marketer will be responsible
                           for invoicing all Ethanol marketed, receiving
                           payments from customers, and paying freight and/or
                           storage when necessary as set forth above. Owner will
                           be responsible for furnishing Marketer a report by
                           10:00 AM each workday of the previous day's
                           shipments. Marketer will send to the customers
                           invoices the same day as the report is received.

                  i.       REMITTANCE OF PAYMENT. Each week Marketer will pay
                           Owner for all Ethanol invoiced thirteen to nineteen
                           (13-19) days prior to said date and that has been
                           paid by Owner's customers. This payment will be
                           adjusted for freight and storage costs as described
                           above in this Section and the Marketing and

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                           Administrative Services Fee stated in Section 5 of
                           this Agreement, and when applicable, an adjustment
                           for value-added opportunities as stated in Section 7
                           below.

         4.       ADMINISTRATIVE SERVICES PROVIDED. Marketer will provide to
                  Owner the following Administrative Services:

                  a.       DISTRIBUTION SERVICES. Marketer will be responsible
                           for an on-going program to conduct carrier audits and
                           will be responsible for carrier selection and
                           dispatching, freight rate bundling and distribution
                           optimization.

                  b.       TRANSACTION PROCESSING. Marketer will be responsible
                           for ethanol licensing, monitoring and state
                           compliance reporting, state surety bonding, tax
                           collection, remittance and reporting, purchase and
                           sales acknowledgments, late payment collections, and
                           electronic funds transfer services.

                  c.       INVENTORY MANAGEMENT. Marketer will be responsible
                           for monitoring future ethanol stock levels projected
                           for Owner's plant to facilitate the marketing program
                           established by Marketer.

                  d.       PROPRIETARY SOFTWARE. Marketer will install and
                           maintain a proprietary software system to handle
                           linked transaction processing and necessary data
                           access to ethanol marketing and sales information.

         5.       MARKETING AND ADMINISTRATIVE SERVICES FEE. The Marketing and
                  Administrative Services Fee will be $0.01/gallon of denatured
                  Ethanol as produced by the Ethanol Plant.

         6.       MARKETER'S PURCHASE OF ETHANOL. Marketer may purchase for its
                  own account all or a portion of Owner's Ethanol at a price and
                  upon terms to be agreed upon by the parties at the time of the
                  purchase.

         7.       VALUE-ADDED OPPORTUNITIES. Marketer and Owner mutually
                  recognize that on occasion Marketer will be able to develop a
                  sale opportunity for Owner's ethanol that is above the market
                  value for sales typically completed on a spot market or
                  contract rollover basis (a "value-added transaction").
                  Examples of value-added transactions include the building of
                  new markets, time exchanges, location exchanges, rack pricing,
                  and negotiation of spread differentials. The parties
                  acknowledge that new value-added opportunities not yet known
                  to the parties are expected to be developed by Marketer in the
                  future. Owner and Marketer acknowledge that for value-added
                  opportunities, the Marketing Fee is insufficient to compensate
                  Marketer for additional income and profits generated for
                  Owner. Therefore, Owner and Marketer agree to share the
                  additional margin generated from value-added transactions at
                  the ratio of 50% for Owner and 50% for Marketer. The
                  additional margin will be calculated based on the difference
                  in the sales price of the value-added opportunity at Owner's
                  production facility (net of transportation cost)

<Page>

                  and the sales price of a typical market transaction (net of
                  transportation cost) for a similar time period. In order to
                  facilitate the completion of value-added opportunities, which
                  occur and disappear quickly within the market, Owner agrees to
                  identify representatives of Owner with authority to approve
                  value-added transactions, Marketer will upon identification of
                  a value-added opportunity present to any one of Owner's
                  representatives the value-added opportunity, including the
                  details of said transaction, for consideration. Owner has
                  complete and sole discretion to accept or reject the
                  value-added opportunity. If agreed upon by Owner's
                  representative, Marketer will confirm in writing to Owner's
                  representative the agreement of the parties regarding the
                  value-added opportunity. In this case, Marketer shall complete
                  the value-added transaction in accordance with the agreement
                  of the parties. If Owner's representative declines to
                  participate in the value-added opportunity, then Marketer will
                  not complete the value-added opportunity for Owner's account.

         8.       REPORTING. Marketer will provide Owner with the following
                  reports on a schedule described below during the term of this
                  Agreement:

                  Shipping Orders-                   Daily
                  Market Information-                Weekly
                  Sales Summary-                     Monthly

                  Owner will provide Marketer with the following reports on a
                  scheduled described below during the term of this Agreement:

                  Daily Production-                  Daily
                  Combined Shipping Schedule-        Daily

                  In addition to the aforementioned reports, Owner will timely
                  inform Marketer of daily inventories, plant shutdowns, daily
                  production projections, and any other information reasonably
                  requested by Marketer in order for Marketer to perform under
                  this Agreement.

         9.       DISCONTINUATION OF PRODUCTION. In the event that Owner wishes
                  to discontinue or reduce the production of Ethanol, Owner will
                  notify Marketer one year in advance of Owner's decision so
                  that all contract commitments made by Marketer for Owner may
                  be met. If less than one year notice of discontinuance or
                  reduction of production is provided to Marketer, or if
                  unforeseen circumstances cause Owner to cease or reduce
                  production at its plant, Owner grants to Marketer the power to
                  buy in Ethanol shortfalls for the account of the Owner on any
                  unfilled contracts, and any associated losses will be
                  reimbursed by Owner to Marketer.

         10.      LIABILITY. Owner recognizes that Marketer will be performing
                  its duties hereunder as an undisclosed agent for and on behalf
                  of Owner. Nevertheless, any and all liability related to the
                  Ethanol, including but not limited to Ethanol quality and
                  condition, the timely delivery of Ethanol, and the handling,
                  transportation, storage and release of

<Page>

                  Ethanol into the environment, shall remain the sole
                  responsibility of Owner, except to the extent provided in
                  Section 12.

         11.      INDEMNIFICATION OF MARKETER. Owner shall indemnify, hold
                  harmless and defend Marketer, and its officers, directors,
                  employees and agents from and against any and all claims,
                  actions, damages, liabilities and expenses, including but not
                  limited to attorney's and other professional fees, in
                  connection with loss of life, personal injury and/or damage to
                  property of third parties, arising from or out of Marketer's
                  services provided under the terms and conditions of this
                  Agreement, for Owner's breach of this Agreement, the quality
                  and condition of the Ethanol, the breach of any warranty or
                  representation regarding the quality and condition of the
                  Ethanol, the failure of the Owner to timely deliver Ethanol,
                  and the handling, transportation, storage and release of
                  Ethanol into the environment, except that Owner shall not
                  indemnify, hold harmless and defend Marketer from: (i) the
                  negligent or intentional acts of Marketer and its officers,
                  directors, employees and agents, (ii) any act beyond the scope
                  of the Marketer's services to be rendered under the terms and
                  conditions of this Agreement, (iii) any violation of laws,
                  regulations, ordinances and/or court orders by Marketer.

         12.      INDEMNIFICATION OF OWNER. Marketer shall indemnify, hold
                  harmless and defend Owner, and its officers, employees and
                  agents from and against any and all claims, actions, damages,
                  liabilities and expenses, including, but not limited to,
                  attorneys' and other professional fees, in connection with
                  Marketer's breach of this agreement and, in connection with
                  loss of life, personal injury and/or damage to property of
                  third parties arising from or out of:; (i) the negligent or
                  intentional acts of Marketer and its officers, directors,
                  employees and agents, (ii) any act beyond the scope of
                  Marketer's services to be rendered under the terms and
                  conditions of this Agreement, and (iii) any violation of laws,
                  regulations, ordinances and/or court orders by Marketer.

         13.      INSURANCE. Marketer will furnish Owner with an insurance
                  certificate verifying that Marketer has commercial general
                  liability insurance.

         14.      ENTIRE AGREEMENT AND AMENDMENT. This Agreement contains the
                  entire agreement between the parties. No oral statements,
                  representations or prior written matter not contained in this
                  Agreement shall be binding upon the parties. This Agreement
                  shall not be amended or modified in any manner except by a
                  writing executed by both parties.

         15.      CONFIDENTIAL NATURE OF AGREEMENT. Marketer and Owner agree to
                  keep all sales, prices, inventory positions, and the details
                  of this Agreement strictly confidential.

         16.      ASSIGNMENT. This Agreement shall not be assigned by either
                  party, except to an affiliate controlled by or in control of
                  said party, without the written consent of the other party.

<Page>

         17.      GOVERNING LAW. This Agreement shall be governed, construed and
                  enforced under the laws of the State of South Dakota.

         18.      FORCE MAJEURE. Marketer shall not be liable to Owner for its
                  failure to deliver services hereunder, and Owner shall not be
                  liable to Marketer for its failure to produce ethanol, when
                  such failure shall be due to the failure of processing
                  equipment, fires, floods, storms, weather conditions, strikes,
                  lock outs, other industrial disturbance, riots, legal
                  interference, governmental action or regulation, acts of
                  terrorism, acts of God or public enemy, or, without limitation
                  by enumeration, any other cause beyond Marketer's or Owner's
                  reasonable control; provided Marketer or Owner shall promptly
                  and diligently take such action as may be necessary and
                  practicable under the then existing circumstances to remove
                  the cause of failure and resume delivery of services or
                  ethanol. The party seeking to invoke this provision shall
                  provide notice within 48 hours or such other time as is
                  reasonable under the circumstances. The party shall further
                  notify the other party as to the time when the force majeure
                  condition is no longer in effect.

         19.      CONFLICTS OF INTEREST. Owner recognizes and acknowledges that
                  members with an ownership interest in Marketer or their
                  affiliates also hold ownership interests in other ethanol
                  production facilities for which Marketer provides the same and
                  similar services as are provided for Owner under the terms of
                  this Agreement. Marketer agrees that it will provide services
                  to Owner hereunder in the same or similar method as services
                  are provided to other ethanol production facilities so as not
                  to favor the other ethanol production facilities over Owner.

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

                                     Western Plains Energy, LLC (Owner)

                                     By /s/ Jeff Torluemke
                                        ----------------------------------------
                                     Its President

                                     Ethanol Products, LLC (Marketer)

                                     By /s/ Robert K. Casper
                                        ----------------------------------------
                                     Its President

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