Document:

CEO Deferred Compensation Plan for Paul G. Anderson

 Exhibit 10.6 
  
 FCSTONE, LLC 
 CEO DEFERRED COMPENSATION PLAN 
 FOR PAUL G. ANDERSON 
  
 CEO DEFERRED COMPENSATION PLAN FOR PAUL G. ANDERSON (“Plan”) of FCSTONE, LLC, with a principle place of
business located at West Des Moines, Iowa (“Company”) is hereby adopted effective February 22 , 2002. The Plan is an unfunded deferred compensation plan which is established by Company solely for the purpose of providing
deferred compensation performance incentives for PAUL G. ANDERSON, President and Chief Executive Officer of Company (“Participant”), and is established pursuant to the terms of that certain employment agreement between Company and
Participant of even date herewith (“Employment Agreement”). 
  
 ARTICLE I 
 DEFINITIONS 
  
 1.1 “Deferred Bonus Account” means the account being administered for the contingent benefit of the Participant
under Section 3.1 of the Plan. Such account shall not actually be funded but shall be a bookkeeping account established on the Company’s records. 
  
 1.2 “Beneficiary” means the individuals, entities or organizations designated in accordance with the provisions of Article XI. 
  
 1.3 “Effective Date” shall mean the dated stated above. 

 
 1.4 “Plan Year” shall mean the calendar year. 
  
 1.5 “Compensation Committee” shall mean the Executive Committee of
the Company or such other committee of the Board (or other governing body) designated by the Board of Directors (or other governing body) of the Company. 
  
 1.6 “Plan Administrator” shall mean the Compensation committee. 
  
 1.7 “Total Disability” shall mean a physical or mental condition of Participant occurring as a result of having a
bodily injury or disease or mental disorder that renders him incapable, for a period of 180 consecutive days, of performing the important duties of his position pursuant to the Employment Agreement, as determined in good faith by the Company.

  
 1.8 “Retirement” shall mean that Participant
separates from service with the Company after he attains the age of 57 and does not take a position of full-time, or substantially full-time employment, with any other firm which is in competition with Company. 
  
 1.9 “Employment Agreement” shall mean the Employment Agreement of
even date herewith between Company and Participant. 
  

 1.10 “Change of Control” shall mean any merger or acquisition of Company or of substantially
all of the assets of Company by any other entity or firm. 
  
 ARTICLE II 
 ELIGIBILITY AND PARTICIPATION 
  

2.1 Participant shall become a participant in the Plan as of the Effective Date. No other person shall be eligible to participate in this Plan.

  
 2.2 In consideration of Participant’s service as an
employee of Company from and after the date of this Plan, Company agrees to pay deferred compensation to Participant as herein provided. The amount thereof shall be measured by reference to the amounts credited to the Deferred Bonus Account plus or
minus investment results thereon, but nothing contained herein shall make Participant the owner of such account. Any reference herein to the payment of the Deferred Bonus Account shall mean a payment of funds by Company measured by the amount
credited to the Deferred Bonus Account. 
  
 ARTICLE III 

DEFERRED BONUS ACCOUNT 
  
 3.1 The Company shall establish an account, referred to as the “Deferred Bonus Account”, in the Participant’s name. The Deferred Bonus
Account shall be credited with all sums paid to the Plan on behalf of Participant. The sum of $20,500 shall be credited to such Deferred Bonus Account promptly following adoption of this Plan for service of the Participant for the Plan Year 2002
from the date of this Plan. For each Plan Year after the 2002 Plan Year, a further amount shall be credited to the Deferred Bonus Account which is equal to fifteen percent (15%) of the annual “CEO Incentive Bonus”, as defined in the
Employment Agreement, and paid to the Participant for the Company’s fiscal year ending during the prior Plan Year. Such amount shall be credited on a date selected by the Company during the first month of the Plan Year. 
  
 ARTICLE IV 
 CONDITIONS PRECEDENT 
  
 4.1 The Company has established this Plan on the condition it (1) will qualify as a “Top Hat” non-qualified deferred compensation plan for purposes of the Internal Revenue Code and the Employee Retirement
Income Security Act of 1974, as amended and (2) will be approved by all appropriate regulatory agencies with jurisdiction over this matter. 
  
 ARTICLE V 
 UNFUNDED PLAN 
  
 5.1 All amounts credited to the Participant’s Deferred Bonus Account
shall be contributed to the FCStone CEO Deferred Compensation Trust (the “Trust”) as soon as practicable after being credited to the Participant’s Deferred Bonus Account. The trustee of the Trust (the “Trustee”) shall be
responsible for investing the Trust assets, unless the Plan Administrator chooses to comply with the Participant’s investment requests in accordance with Section 8.2 of the Plan. The Participant’s Deferred Bonus Account shall be credited
with earnings (and losses) resulting from the investment of the Trust assets. 
  

 - 2 - 

 5.2 Notwithstanding the contribution of amounts in the Participant’s Deferred Bonus Account to the
Trust, the right of the Participant (or any Beneficiary) to receive a distribution under the Plan shall be an unsecured claim against the general assets of the Company. Neither the Participant nor his or her Beneficiary shall have any right in or
against any amount credited to the Participant’s Deferred Bonus Account or any other specific assets of the Company or the Trust. The Participant shall have the status of a general unsecured creditor of the Company. This Plan constitutes a mere
promise by the Company to make benefit payments in the future. The Participant’s Deferred Bonus Account may not in any way be encumbered or assigned by the Participant or any Beneficiary. 
  
 ARTICLE VI 
 VESTING AND TERMINATION 
 OF CONTINGENT RIGHTS 
  
 6.1 Except as provided in Sections 6.2 through 6.4, each annual contribution
amount to the Deferred Bonus Account, plus or minus investment results thereon, shall be vested in accordance with the following schedule if Participant is employed by Company as of the vesting date: 
  

				
	 Vesting Date

	  	Vested Percentage

	 
	 December 31 of the Plan Year of Contribution
	  	0	%
	 December 31 of the First Plan Year Following Contribution
	  	20	%
	 December 31 of the Second Plan Year Following Contribution
	  	40	%
	 December 31 of the Third Plan Year Following Contribution
	  	60	%
	 December 31 of the Fourth Plan Year Following Contribution
	  	80	%
	 December 31 of the Fifth and Following Plan Years After Contribution
	  	100	%

  
 6.2 In the event of
Participant’s separation from service due to Total Disability at a time when the Participant’s Deferred Bonus Account is less than 100 percent vested, any unvested portion of the Deferred Bonus Account shall become 100 percent vested.

  
 6.3 In the event of Participant’s death at a time when
the Participant’s Deferred Bonus Account is less than 100 percent vested, any unvested portion of the Deferred Bonus Account shall become 100 percent vested. 
  
 6.4 In the event of the Participant’s separation from service due to Retirement, any unvested portion of the Deferred
Bonus Account, shall become 100 percent vested if Participant continues to be in Retirement for one year from the date of his separation. Participant shall retain all rights to that portion of the Deferred Bonus Account to which he was vested at the
effective date of his Retirement (the “Vested Portion”). The Vested Portion shall be distributed in accordance herewith. The unvested portion of the Deferred Bonus Account at the effective date of his Retirement (The “Holdback”)
shall be distributed in accordance herewith upon Participant becoming vested in the Holdback. 
  
 6.5 In the event of the termination of Participant’s employment at any time, and for any reason other than Total Disability, Death, or Retirement, all of Participant’s rights in and to any unvested portion
in the Deferred Bonus Account shall be deemed terminated, but 

  

 - 3 - 

 
Participant shall retain all rights to that portion of the Deferred Bonus Account to which he was vested on the effective date of such separation from
service, which shall be distributed in accordance herewith. 
  
 ARTICLE VII 
 PAYMENT OF BENEFITS 
  
 7.1 The Company shall, within thirty (30) days of the receipt of written notice from the Participant (the “Distribution Notice”), distribute, or
begin distribution of, the Participant’s interest in the vested portion of the Deferred Bonus Account to the Participant or Participant’s designated Beneficiary under one, or any combination of the following methods: (1) lump sum; or (2)
payment in monthly, quarterly or annual installments over a fixed reasonable period of time, not exceeding the life expectancy of the Participant, or the joint life and last survivor expectancy of Participant and Participant’s designated
Beneficiary. If applicable, any distribution of Holdback will be made or commence within ten (10) days of becoming vested. 
  
 7.2 The Distribution Notice shall be given by the Participant, or his personal representative, within thirty (30) days following (i) Participant’s
separation from service due to Disability or Retirement, or other termination of employment by the Company or (ii) the appointment of a personal representative of the Participant upon his death. If the Participant fails to provide the Distribution
Notice in accordance with the time frame indicated above, the Participant shall be deemed to have elected the “lump sum” distribution method on the date which is thirty (30) days after the date of separation from service due to Disability
or Retirement, or other termination of employment by the Company, or the date of the appointment of his personal representative. 
  
 ARTICLE VIII 
 DUTIES OF PLAN ADMINISTRATOR

  
 8.1 The Plan shall be administered by the Plan Administrator.
The Plan Administrator may from time to time establish rules and regulations for the administration of the Plan and adopt standard forms for such matters as elections, beneficiary designations and applications for benefits, provided such rules and
forms are not inconsistent with the provisions of the Plan. All determinations of the Plan Administrator shall be binding on all parties. In construing or applying the provisions of the Plan, the Plan Administrator shall have the right to rely upon
a written opinion of legal counsel, which may be independent legal counsel or legal counsel regularly employed by the Company, whether or not any question or dispute has arisen as to any distribution from the Plan. The Plan Administrator shall be
responsible for maintaining books and records for the Plan. 
  
 8.2 The Participant may request that the Deferred Bonus Account be allocated among qualified investment options established by the Plan Administrator. The initial allocation request may be made at the Effective Date. Once made, an
investment allocation request shall remain in effect until changed by the Participant. The Participant may request different investment allocation by submitting a written request to the Plan Administrator on such form as may be required by the Plan
Administrator. Plan Administrator may, but is not required to, 

  

 - 4 - 

 
comply with the Participant’s investment requests. To the extent the Plan Administrator chooses to comply with the Participant’s investment
requests, it shall instruct the Trustee of the Trust to invest the assets of the Trust accordingly. 
  
 Neither the Company nor the Plan Administrator shall be liable for any loss, nor liable for any breach, resulting from the Participant’s direction of the investment of any part of his Deferred Bonus Account.

  
 ARTICLE IX 
 CLAIMS PROCEDURE 
  
 9.1 If a benefit under this Plan is not paid to Participant or Participant’s designated Beneficiary and such person believes that he or she is
entitled to receive it, a claim shall be made in writing to the Plan Administrator within sixty (60) days from the date payment was to be made. Such claim shall be reviewed by the Plan Administrator and the Company. If the claim is denied, in full
or in part, the Plan Administrator shall provide written notice within ninety (90) days setting forth the specific reasons for denial. The notice shall include specific reference to the provisions of this Plan upon which the denial is based and any
additional material or information necessary to perfect the claim, if any. Such written notice shall also indicate the steps to be taken if a review of the denial is desired. 
  
 If the claim is denied and a review is desired, the claimant shall notify the Plan Administrator in writing within sixty
(60) days. A claim shall be treated as denied if the Plan Administrator does not take action in the aforesaid ninety (90) day period. In requesting review, the claimant may review this Plan or any documents relating to it and submit any written
issues and comments he or she may feel appropriate. In his or her sole discretion the Plan Administrator shall then review the claim and provide a written decision within sixty (60) days. This decision likewise shall state the specific provisions of
this Plan on which the decision is based. 
  
 ARTICLE X 

SPENDTHRIFT PROTECTION 
  
 10.1 The right of the Participant or Beneficiary in any benefit or to any payment hereunder shall not be subject to attachment or other legal process by
creditors of the Participant or of such Beneficiary or to anticipation, alienation, sale, transfer, assignment or encumbrance. 
  
 ARTICLE XI 
 BENEFICIARIES 
  
 11.1 Participant from time to time may designate any individuals, entities or
organizations (who may be named contingently or successively) to receive such benefits as may be payable under the Plan upon or after the Participant’s death, and such designation may be changed from time to time by the Participant by filing a
new designation. Each designation will revoke all prior designations by the same Participant, shall be in a form prescribed by the Company, and will be effective only when filed in writing with the Company during the Participant’s lifetime.

  

 - 5 - 

 In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a Beneficiary, there
is no living Beneficiary validly named by the Participant, the Company shall pay any such benefit payment to the Participant’s spouse, if then living, but otherwise to the Participant’s then living descendants, if any, per stirpes, but, if
none, to the Participant’s estate. In determining the existence or identity of anyone entitled to a benefit payment, the Company may rely conclusively upon information supplied by the Participant’s personal representative, executor, or
administrator. If a question arises as to the existence or identity of anyone entitled to receive a benefit payment as aforesaid, or if a dispute arises with respect to any such payment, then, notwithstanding the foregoing, the Company, in its sole
discretion, may distribute such payment to the Participant’s estate without liability for any tax or other consequences which might flow therefrom, or may take such other action as the Company deems to be appropriate. 
  
 11.2 Any communication, statement, or notice addressed to the Participant or
to a Beneficiary at his, her or its last post office address as shown on the Company’s records shall be binding on the Participant or Beneficiary for all purposes of the Plan. The Company shall not be obliged to search for Participant or any
Beneficiary beyond the sending of a registered letter to such last known address. If the Company notifies Participant or any Beneficiary that he, she or it is entitled to an amount under the Plan and the Participant or Beneficiary fails to claim
such amount or make his, her or its location known to the Company within three (3) years thereafter, then, except as otherwise required by law, if the location of one or more of the next of kin of the Participant is known to the Company, the Company
may direct distribution of such amount to any one or more or all of such next of kin, and in such proportions as the Company determines. If the location of none of the foregoing persons can be determined, the Company shall have the right to direct
that the amount payable shall be deemed to be a forfeiture, except that the dollar amount of the forfeiture, unadjusted for deemed gains or losses in the interim, shall be paid by the Company if a claim for the benefit subsequently is made by the
Participant or the Beneficiary to whom it was payable. If a benefit payable to an unlocated Participant or Beneficiary is subject to escheat pursuant to applicable state law, the Company shall not be liable to any person for any payment made in
accordance with such law. 
  
 ARTICLE XII 
 AMENDMENT OR TERMINATION 
  
 12.1 The Company reserves the right to amend, modify, terminate or discontinue the Plan at any time; provided, however, that the provisions of Section 6.4
shall not be amended during the two-year period following the effective date of a Change in Control. If the Company terminates or discontinues the Plan, all existing benefits shall be fully vested. 
  
 ARTICLE XIII 
 GENERAL PROVISIONS 
  
 13.1 Nothing contained in the Plan shall constitute a guaranty by the Company or any other person or entity that the assets of the Company will be sufficient to pay any benefit hereunder. 
  
 13.2 Neither the establishment of this Plan nor any modification thereof, nor
the creation of any fund or account, nor the payment of any benefits, shall be construed as giving 

  

 - 6 - 

 
a Participant or other person any legal or equitable right against the Company except as provided in the Plan. In no event shall the terms of employment of
the Participant be modified or in any way affected by the Plan. 
  
 13.3 This Plan shall be construed in accordance with applicable federal law and, to the extent applicable, the laws of the State of Iowa. 
  
 13.4 Participant agrees that, as a condition for his entitlement to payments by the Company, he will not engage in any employment either as an employee or
as an independent contractor with any person or firm that is a business competitor of the Company, unless his employment shall be terminated by the Company during the two-year period following a Change of Control. If, at any time, Participant
violates this obligation without the written consent of the Company, the obligation of it to make any future payments to Participant or to his beneficiaries under this Plan shall immediately terminate. 
  
 13.5 This Plan shall be binding upon and inure to the benefit of the Company
and the Participant and their respective next of kin, successors, assignees, heirs, personal representatives, executors, administrators, and legatees. 
  
 IN WITNESS WHEREOF, the Company has by its appropriate officer executed this Plan on February 22, 2002. 
  

			
	 FCSTONE, LLC

		
	 By:
	 	 /s/ Bruce Krehbiel

	 	 	 Chairman

		
	 By:
	 	 /s/ Larry Taylor

	 	 	 Secretary

  

	
	 ACCEPTED:

	
	 /s/ Paul G. Anderson

	 Paul G. Anderson, Participant

  

 - 7 -Master Loan Agreement

 Exhibit 10.11 
  
 MASTER LOAN AGREEMENT 
  
 This Master Loan Agreement (the “Agreement”) is entered into as of November 3, 2003, between Deere Credit, Inc., a Delaware corporation (“Deere”) and
FCStone Group, Inc., West Des Moines, Iowa, an Iowa Corporation (the “Borrower”). 
  
 RECITALS 
  
 Deere is in
the business of providing debt financing. Borrower wishes to borrow money from Deere and Deere is willing to do so, subject to the terms and conditions of this Agreement. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and other good and valuable consideration, the receipt and
sufficiency of which is expressly acknowledged, the parties agree as follows: 
  
 1. Notes. If Borrower desires to borrow from Deere and Deere is willing to lend to Borrower, or if Deere and Borrower desire to consolidate any existing loans hereunder, the parties will enter
into a promissory note for such Loan facility (“Note”). Each Note will set forth the amount of the loan, the purpose of the loan, the interest rate or rate options applicable to that loan, the repayment terms of the loan, and any other
terms and conditions applicable to that particular loan. Each loan will be governed by the terms and conditions contained in this Agreement and in the Note relating to the loan. This Agreement, any Note, any security documentation, and any other
required documentation and agreements are collectively referred to herein as the “Transaction Documents”. 
  
 2. Advance Request. Advances shall be made available upon the telephonic or written request of Borrower on any day on which Deere and
the Federal Reserve Banks are open for business. Requests for advances by wire transfer must be received no later than 1:30 p.m. and by ACH no later than 12:00 p.m. Central Time, on the date the advance is requested. Loans will be made available to
such account or accounts as may be authorized by Borrower. Borrower shall furnish to Deere a duly completed and executed copy of a Deere Delegation and Wire Transfer/ACH Authorization form, and Deere shall be entitled to rely on (and shall incur no
liability to Borrower in acting on) any request or direction furnished in accordance with the terms hereof. Each advance request made hereunder shall constitute a certification by Borrower that Borrower is in compliance with all of the terms and
conditions of the Transaction Documents and that all representations and warranties contained in the Transaction Documents are true as of the date of the Advance. 
  
 3. Repayment. Borrower’s obligation to repay each loan shall be evidenced by the promissory note set
forth in the Note relating to that loan or by such replacement note(s) as Deere may require. Deere shall maintain a record of all loans, the interest accrued thereon, and 

  

 Page 1 of 8 

 
all payments made with respect thereto, and such record shall, absent proof of manifest error, be conclusive evidence of the outstanding principal and
interest on the loans. All payments may be made by wire transfer of immediately available funds, or by ACH, or by check. Wire and ACH transfers shall be made to such account as Deere may direct by notice for advice to and credit of Deere. Borrower
shall give Deere telephonic notice no later than 1:00 p.m. Borrower’s local time of its intent to pay by wire and funds received after 3:00 p.m. Borrower’s local time shall be credited on the next business day. Funds received by ACH shall
be credited on the next business day. Checks shall be mailed to such place as Deere may direct by notice. Credit for payment by check will not be given until the latter of: (a) the day on which Deere receives immediately available funds; or (b) the
next business day after receipt of the check. 
  
 4.
Security. Borrower’s obligations under this Agreement, all Notes (whenever executed), and all instruments and documents contemplated hereby or thereby, the Transaction Documents, shall be on an unsecured basis. 
  
 5. Interest Rate. The Loan shall bear interest at the rate specified
in the Note(s). 
  
 6. Conditions Precedent. Deere’s
obligation to make any Advances under any Loan entered into pursuant to this Agreement is subject to the receipt by Deere of: 
  

	 	A.	A duly executed original of each of the Transaction Documents; 

  

	 	B.	Certified board resolutions, evidence of incumbency, certificate of good standing, certified copy of Articles of Incorporation, certified copy of By Laws, and other evidence as
Deere may require that all Transaction Documents and all instruments and documents related thereto that the documents have been duly executed and delivered; 

  

	 	C.	Evidence that no Event of Default has occurred or, would occur with the passage of time or giving of notice or both; and 

  

	 	D.	All fees and other charges under the Transaction Documents have been duly paid. 

  
 7. Representations and Warranties. Borrower represents and warrants (which representations and warranties shall be
deemed to be continuing): 
  

	 	A.	Each representation and warranty and all information set forth in any application or any information submitted with the application is correct in all material respects as of the
date of the Advance Request; 

  

	 	B.	The Transaction Documents do not conflict with any other agreement to which Borrower is a party or with any provision of Borrower’s bylaws, articles of incorporation or other
organizational documents; 

  

 Page 2 of 8 

	 	C.	Borrower is in compliance with all of the terms of the Transaction Documents; 

  

	 	D.	Transaction Documents create legal, binding and enforceable obligations of Borrower, except as bankruptcy and similar laws affecting creditors rights generally may limit
enforceability; and 

  

	 	E.	Borrower is in compliance with environmental regulatory authorities and no material environmental contamination is known to exist. 

  
 8. Affirmative Covenants. Unless Deere otherwise consents in writing,
while this Agreement is in existence, Borrower shall: 
  

	 	A.	Maintain its existence and good standing in the jurisdiction of its incorporation or formation; 

  

	 	B.	Qualify and remain qualified to transact business wherever such qualification is required and obtain and maintain all licenses, certificates, permits and authorizations that are
material to its business or required by law, rule, regulation, code, orders or other governmental requirement (the “Laws”); 

  

	 	C.	Comply in all material respects with all applicable Laws (including, without limitation), environmental laws and all Laws relating to patron or member investment program that
Borrower may have; 

  

	 	D.	Cause all persons occupying or present on any property of Borrower to comply in all material respects with all environmental Laws; 

  

	 	E.	Maintain insurance with companies satisfactory to Deere in such amounts and covering such risks as are customarily carried by companies engaged in the same or similar business and
similarly situated, and make such increases in the amount or type of coverage as Deere may request; 

  

	 	F.	Cause all insurance policies covering any collateral to have loss payable clauses or endorsements in form and content acceptable to Deere; 

  

	 	G.	Maintain its property in good working condition, ordinary wear and tear excepted; 

  

	 	H.	Keep books of account in accordance with generally accepted accounting principles (“GAAP”) consistently applied; 

  

	 	I.	Permit Deere, or its agents, to inspect the properties, books and records of Borrower and to discuss Borrower’s affairs, finances and accounts with its directors, employees,
and independent certified public accountants; and, 

  

 Page 3 of 8 

	 	J.	Borrower will have an excess of total assets over total liabilities, net worth, (both as determined in accordance with GAAP consistently applied) of not less than $35,000,000 at the
end of each fiscal year. 

  
 9. Reporting
Covenants. Unless Deere otherwise consents in writing, while this Agreement is in effect, Borrower shall furnish Deere: 
  

	 	A.	Within one hundred twenty (120) days after the end of each fiscal year of Borrower occurring during the term hereof (i) annual financial statements prepared in accordance with GAAP
consistently applied and audited by independent certified public accountants selected by Borrower and acceptable to Deere and (ii) a report of such accountants on such statements containing an opinion reasonably acceptable to Deere;

  

	 	B.	Within forty five (45) days of the end of each month of Borrower (other than the last fiscal month for each fiscal year), a balance sheet, a statement of income for such fiscal
month and for the period year to date, and such other monthly statements as Deere may specifically request, all prepared in reasonable detail and in form and substance reasonably acceptable to Deere; 

  

	 	C.	Promptly after becoming aware thereof, notice of the occurrence of a default or of any event which with the giving of notice and/or the passage of time would become an Event of
Default hereunder; 

  

	 	D.	Promptly after becoming aware thereof: (i) notice of the commencement of all actions, suits, or proceedings affecting Borrower which, if determined adversely to Borrower, could have
a material adverse effect on Borrower; and (ii) notice of the receipt of all pleadings, orders, complaints, indictments or any other communication alleging a condition that may require Borrower to undertake or to contribute to a cleanup or other
response regarding environmental Laws, or which seek penalties, damages, injunctive relief, or criminal sanctions related to alleged violations of such Laws or which claim personal injury or property damage to any person as a result of environmental
factors or conditions; 

  

	 	E.	Promptly after any change in Borrower’s bylaws or articles of incorporation (or like documents), copies of all such changes, certified by Borrower’s Secretary; and

  

	 	F.	Such other information as Deere may periodically request. 

  

 Page 4 of 8 

 10. Negative Covenants. Unless Deere otherwise consents in writing, while this
Agreement is in effect, Borrower shall not: 
  

	 	A.	Create, assume or allow to exist any indebtedness or liability for borrowed money or for the deferred purchase price of property or services (including capitalized leases) except
for indebtedness to Deere, accounts payable to trade creditors and current operating liabilities (other than for borrowed money) incurred in the ordinary course of business; and except for committed lines of credit from Harris Bank and Trust in an
amount not to exceed $15,000,000, and committed lines of credit from CoBank not to exceed $10,000,000; 

  

	 	B.	Grant, assume or allow to exist any security interest or other consensual lien on any of its property, except for liens in the favor of Deere, liens which have been consented to by
Deere, liens which are subordinate to any interest of Deere and which secure only that indebtedness permitted to exist pursuant to this Agreement and miscellaneous purchase money security interests in Borrower’s inventory or equipment to which
Deere has previously consented in writing; and except for liens on Borrower’s investment in CoBank and on Borrower’s obligated permitted in Section 10(A) above; 

  

	 	C.	Allow to exist any non-consensual or statutory liens that secure obligations that are past due or any judgment liens; 

  

	 	D.	Merge or consolidate with any other entity unless Borrower is the surviving entity in such merger or consolidation; 

  

	 	E.	Lend money except in the ordinary course of business or otherwise extend credit except for trade credit extended in the ordinary course of business; 

  

	 	F.	Assume, guaranty or otherwise become liable (directly or indirectly) for the debts of another; and 

  

	 	G.	Engage in any business activities substantially different from Borrower’s present business activities; 

  
 11. Events of Default. Borrower shall be in default
hereunder if any of the following occur: 
  

	 	A.	Borrower fails to make any payment required to be made under this Agreement or any of the Transaction Documents when due; 

  

	 	B.	Any representation or warranty made or deemed made by Borrower in any Transaction Document shall prove to have been false or misleading when made; 

  

	 	C.	Borrower shall fail to comply with any of the covenants contained in this Agreement and such failure shall continue for fifteen days following the delivery of written notice to
Borrower; 

  

 Page 5 of 8 

	 	D.	Any other covenant or agreement set forth herein or in any other Transaction Document is breached or Borrower uses the proceeds of the Loan in a manner not permitted hereunder;

  

	 	E.	Borrower breaches or is in default in any other agreement between Borrower and Deere; 

  

	 	F.	Borrower fails to pay when due any indebtedness (including, capital leases and deferred purchase prices of property) to any other lender or any event occurs which constitutes an
event of default, or would constitute an event of default with the passage of time, delivery of notice or both; 

  

	 	G.	Borrower becomes insolvent or does not pay its debts as they become due or suspends its business operations or a material part thereof or makes an assignment for benefit of
creditors or commences or has commenced against it any proceeding for the appointment of a receiver, trustee or custodian for it or any of its property or any proceeding under any bankruptcy, reorganization, dissolution, or similar law; or

  

	 	H.	Any material adverse change occurs in Borrower’s financial condition, results of operation, or ability to perform its obligations to Deere under this Agreement and the other
Transaction Documents. 

  
 12.
Remedies. Upon the occurrence of an Event of Default, or an occurrence which with the passage of time and/or the delivery of notice, Deere shall have no further obligation to continue to extend credit to Borrower and may discontinue doing so
at any time without any prior notice. Additionally, upon the occurrence of an Event of Default, Deere may: 
  

	 	A.	Terminate any commitment; 

  

	 	B.	Declare the unpaid balance of the Loans, all accrued and unpaid interest and all late fees and charges immediately due and payable; 

  

	 	C.	Proceed to protect, exercise, and enforce such rights and remedies as may be provided by any of the Transaction Documents or under law; 

  

	 	D.	Apply all payments received by Deere to Borrower’s obligations in such order and manner as Deere may elect; and 

  

	 	E.	Hold and/or set off and apply against Borrower’s obligations to Deere, the proceeds of any cash collateral held by Deere or any balances held by Deere for Borrower’s
account (whether or not such balances are due). 

  

 Page 6 of 8 

 Borrower acknowledges that each and everyone of the rights of Deere shall be cumulative and may be
exercised from time to time, and no failure on the part of Deere to exercise, and no delay in exercising, any right or remedy shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy preclude any other or
future exercise thereof, or the exercise of any other right or remedy. 
  
 13. Notices. All notices provided for herein shall be in writing (including facsimile) and shall be mailed or delivered to the following addresses or facsimile number as either party may specify by notice to the other.

  
 If to Deere: 
  
 Deere Credit, Inc. 
 6400 N. W. 86th St.

 P.O. Box 6650-Dept. 140 
 Attention: Bert D. Johnson 
 Johnston, IA 50131-6650 
 Fax No.: (515) 267-4020 
  
 If to
Borrower: 
 FCStone Group, Inc. 
 2829 Westown Parkway 
 Suite 200 
 West Des Moines, IA 50266 
 Attention: Bob Johnson 
 Fax No.: (515) 223-7424 
  
 14. Expenses. Borrower shall pay all reasonable out of pocket costs and expenses (including fees and expenses of counsel retained by
Deere) incurred by Deere in connection with the origination, administration, collection and enforcement of this Agreement and the other Transaction Documents, including, without limitation, all costs and expenses incurred in perfecting, maintaining,
determining the priority of, and releasing any security for Borrower’s obligations hereunder or under the Transaction Documents and any stamp, intangible, transfer or similar tax payable in connection with this agreement or any other
Transaction Document. 
  
 15. Miscellaneous. No amendment,
modification or waiver shall be effective unless in writing and signed by both parties hereto. If this Agreement is amended and restated, then the amended and restated loan agreement shall apply to each other Transaction Document. This Agreement
shall continue to be in full force and effect until the Loan is paid off in full and Deere has no obligation to make any future advances to Borrower. Except to the extent governed by applicable federal law, this Agreement shall be governed by and
construed in accordance with the laws of the State of Iowa. This Agreement supersedes all prior written or oral understandings of the parties. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be effective to the extent thereof without invalidating 

  

 Page 7 of 8 

 
the remaining provisions hereof. This Agreement shall be binding upon and inure to the benefit of Borrower and Deere and their respective successors and
assigns; provided, however, Borrower may not assign or transfer its rights or obligations under the Transaction Documents without the prior written consent of Deere. This Agreement may be executed in any number of counterparts, each of which shall
be an original and all of which, when taken together shall constitute one and the same documents. 
  
 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first shown above.

  

									
	Deere Credit, Inc.	 	 	 	FCStone Group, Inc.
					
	By:	 	/s/    BERT D. JOHNSON        	 	 	 	By:	 	/s/    ROBERT V. JOHNSON        
	 Title:
	 	Agribusiness Portfolio Mgr.	 	 	 	 Title:
	 	Exec. V.P. & CFO

  

 Page 8 of 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}]]