Document:

EXHIBIT
      10.32

    
      	
              SOUTHERN
                IOWA BIOENERGY, LLC

              115
                S. LINDEN

              LAMONI,
                IA 50140

               

               

              BORROWER'S
                NAME AND ADDRESS

              "I"
                includes each borrower above, jointly and severally.

            	
              AMERICAN
                STATE BANK-OSCEOLA

              P.O.
                BOX 463

              OSCEOLA,
                IA 50213

               

               

              LENDER'S
                NAME AND ADDRESS

              "You"
                means the lender, its successors and assigns.

            	
              PORT
                # 115150

               

              Loan
                No.280909

              Date
                04-09-2008

              Maturity
                Date 08-18-2008

              Loan
                Amount $ 40,040.00

              Renewal
                of ___________

            

    

    

    For
      value
      received, I promise to pay to you, or your order, at your address listed above
      the PRINCIPAL
      sum of
FORTY
      THOUSAND FORTY AND 00/100
      Dollars $40,040.00   .

    
      	x	
              Single
                Advance:I will receive all of this principal sum on
                04-09-2008 . No additional advances are contemplated under
                this note.

            

    

    
      	 ̈	
              Multiple
                Advance: The principal sum shown above is the maximum amount of
                principal I can borrow under this note. On
                                   
                     

            

    

    I
      will
      receive the amount of $   
      and
      future principal advances are contemplated. 

    Conditions:
      The
      conditions for future advances
      are                                                                                                           
      
        	 
	 

      

      
        	
              	 ̈	
                Open
                  End Credit: You and I agree that I may borrow up to the maximum
                  amount of principal more than one time. This feature is subject
                  to all
                  other conditions and expires on
                                     
                  . 

              

      

    

    
      	 	 ̈	
              Closed
                End Credit: You and I agree that I may borrow up to the maximum
                only one time (and subject to all other conditions).
                

            

    

    INTEREST:
      I agree
      to pay interest on the outstanding principal balance from 04-09-2008   
      at the
      rate of  
5.750
      % per
      year until 04-10-2008   .
      

    
      	x	
              Variable
                Rate:
                This rate may then change as stated
                below.

            

    

    x Index
      Rate:
      The
      future rate will be 0.500
      PERCENT ABOVE 
      the
      following index rate: THE
      BASE RATE ON CORPORATE LOANS POSTED BY AT LEAST 75% OF THE 30 LARGEST U.S.
      BANKS
      KNOWN AS THE WALL STREET JOURNAL PRIME RATE. THE RESULT OF THIS CALCULATION
      WILL
      BE ROUNDED TO THE NEAREST 0.250.

     ̈ No
      Index:
      The
      future rate will not be subject to any internal or external index. It will
      be
      entirely in your control. 

    x Frequency
      and Timing:
      The rate
      on this note may change as often as EVERY
      DAY BEGINNING 04-10-2008    .

    A
      change
      in the interest rate will take effect ON
      THE SAME DAY        .

     ̈ Limitations:
      During
      the term of this loan, the applicable annual interest rate will not be more
      than
   
 %
      or less
      than     %.
      The
      rate may not change more than    %
      each
 
        .
      

    Effect
      of Variable Rate:
      A change
      in the interest rate will have the following effect on the payments:

     ̈
      The
      amount of each scheduled payment will change.  
x
      The
      amount of the final payment will change.

     ̈  
         
   
   .

    ACCRUAL
      METHOD:
      Interest
      will be calculated on a ACTUAL/360   
      basis.

    POST
      MATURITY RATE:
      I agree
      to pay interest on the unpaid balance of this note owing after maturity, and
      until paid in full, as stated below: 

     ̈
      on the
      same fixed or variable rate basis in effect before maturity (as indicated
      above).

    x
      at a
      rate equal to RATE
      AT MATURITY PLUS 5%         .

    x LATE
      CHARGE:
      If a
      payment is made more than 10  
      days
      after it is due, I agree to pay a late charge of 1.500%
      OF THE LATE 
      AMOUNT WITH A MIN OF $15.00 AND A MAX OF $50.00  
  .

    x ADDITIONAL
      CHARGES:
      In
      addition to interest, I agree to pay the following charges which x
      are
 ̈
      are not
      included in the principal amount above:           

    PAYMENTS:
      I agree
      to pay this note as follows: 

    1
      PAYMENT OF $40,864.99 ON 08-16-2008. THIS IS A VARIABLE RATE LOAN AND THE FINAL
      PAYMENT AMOUNT MAY CHANGE.

    

     ̈ Unpaid
      Interest:
      Any
      accrued interest not paid when due (whether due by reason of a schedule of
      payments or due because of Lender's demand) will become part of the principal
      thereafter, and will bear interest at the interest rate in effect from time
      to
      time as provided for in this agreement.

    ADDITIONAL
      TERMS: AS NEEDED FOR OPERATING.

    

    x
      If
      checked, this note is a credit agreement subject to Iowa Code § 535.17 and the
      following notice is applicable to this note. 

    IMPORTANT:
      READ BEFORE SIGNING. THE TERMS OF THIS AGREEMENT SHOULD BE READ CAREFULLY
      BECAUSE ONLY THESE TERMS IN WRITING ARE ENFORCEABLE. NO OTHER TERMS OR ORAL
      PROMISES NOT CONTAINED IN THIS WRITTEN CONTRACT MAY BE LEGALLY ENFORCED. YOU
      MAY
      CHANGE THE TERMS OF THIS AGREEMENT ONLY BY ANOTHER WRITTEN
      AGREEMENT. 

    

      
        	
                 ̈ SECURITY:
                  This note is separately secured by (describe separate document
                  by type and
                  date): 

                 

                 

                 

                (This
                  section is for your internal use. Failure to list a separate security
                  document does not mean the agreement will not secure this
                  note.)

              	 	
                PURPOSE:
                  The purpose of this loan is OPERATING    
                    

                                                 
  .

                SIGNATURES:
                  I AGREE TO THE TERMS OF THIS NOTE

                (INCLUDING
                  THOSE ON PAGE 2).
                  I
                  have received a copy on today's date.

                 

                SOUTHERN
                  IOWA BIOENERGY

              

      

    

    

    
      	 	 	
              /s/
                Alan Elefson

            
	 	 	
              ALAN
                ELEFSON, TREASURER

            
	 	 	 
	
              Signature
                for Lender

            	 	
              /s/
                William Higdon

            
	 	 	
              WILLIAM
                HIGDON, PERSONALLY

            
	 	 	 
	
              /s/
                Kevin W. Klemesrud, President

            	 	
              /s/
                Jack Cooley         /s/
                William Morain

            
	KEVIN
              W. KLEMESRUD, PRESIDENT 	 	
              JACK
                COOLEY, PERSONALLY;      WILLIAM MORAIN,
                PERSONALLY

            
	 	 	 
	 
              	 	
              /s/
                J. R. Cornett

            
	 	 	
              J.
                R. CORNETT, PERSONALLY

            

    

    
      
        (page 1
          of 2)

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DEFINITIONS:
      As used
      on page 1, "x"
      means
      the terms that apply to this loan. "I," "me" or "my" means each Borrower who
      signs this note and each other person or legal entity (including guarantors,
      endorsers, and sureties) who agrees to pay this note (together referred to
      as
      "us"). "You" or "your" means the Lender and its successors and assigns.

    APPLICABLE
      LAW:
      The law
      of the state of Iowa will govern this note. Any term of this note which is
      contrary to applicable law will not be effective, unless the law permits you
      and
      me to agree to such a variation. If any provision of this agreement cannot
      be
      enforced according to its terms, this fact will not affect the enforceability
      of
      the remainder of this agreement. No modification of this agreement may be made
      without your express written consent. Time is of the essence in this agreement.
      

    COMMISSIONS
      OR OTHER REMUNERATION:
      I
      understand and agree that any insurance premiums paid to insurance companies
      as
      part of this note will involve money retained by you or paid back to you as
      commissions or other remuneration.

    In
      addition, I understand and agree that some other payments to third parties
      as
      part of this note may also involve money retained by you or paid back to you
      as
      commissions or other remuneration.

    PAYMENTS:
      Each
      payment I make on this note will first reduce the amount I owe you for charges
      which are neither interest nor principal. The remainder of each payment will
      then reduce accrued unpaid interest, and then unpaid principal. If you and
      I
      agree to a different application of payments, we will describe our agreement
      on
      this note. I may prepay a part of, or the entire balance of this loan without
      penalty, unless we specify to the contrary on this note. Any partial prepayment
      will not excuse or reduce any later scheduled payment until this note is paid
      in
      full (unless, when I make the prepayment, you and I agree in writing to the
      contrary).

    INTEREST:
      Interest
      accrues on the principal remaining unpaid from time to time, until paid in
      full.
      If I receive the principal in more than one advance, each advance will start
      to
      earn interest only when I receive the advance. The interest rate in effect
      on
      this note at any given time will apply to the entire principal advanced at
      that
      time. You and I may provide in this agreement for accrued interest not paid
      when
      due to be added to principal. Notwithstanding anything to the contrary, I do
      not
      agree to pay and you do not intend to charge any rate of interest that is higher
      than the maximum rate of interest you could charge under applicable law for
      the
      extension of credit that is agreed to here (either before or after maturity).
      If
      any notice of interest accrual is sent and is in error, we mutually agree to
      correct it, and if you actually collect more interest than allowed by law and
      this agreement, you agree to refund it to me.

    INDEX
      RATE:
      The
      index will serve only as a device for setting the rate on this note. You do
      not
      guarantee by selecting this index, or the margin, that the rate on this note
      will be the same rate you charge on any other loans or class of loans to me
      or
      other borrowers.

    ACCRUAL
      METHOD:
      The
      amount of interest that I will pay on this loan will be calculated using the
      interest rate and accrual method stated on page 1 of this note. For the purpose
      of interest calculation, the accrual method will determine the number of days
      in
      a year. If no accrual method is stated, then you may use any reasonable accrual
      method for calculating-interest.

    POST
      MATURITY RATE:
      For
      purposes of deciding when the "Post Maturity Rate" (shown on page 1) applies,
      the term "maturity" means the date of the last scheduled payment indicated
      on
      page 1 of this note or the date you accelerate payment on the note, whichever
      is
      earlier.

    SINGLE
      ADVANCE LOANS:
      If this
      is a single advance loan, you and I expect that you will make only one advance
      of principal. However, you may add other amounts to the principal if you make
      any payments described in the "PAYMENTS BY LENDER" paragraph below, or if we
      have, agreed that accrued interest not paid when due may be added to
      principal.

    MULTIPLE
      ADVANCE LOANS:
      If this
      is a multiple advance loan, you and I expect that you will make more than one
      advance of principal. If this is closed end credit, repaying a part of the
      principal will not entitle me to additional credit.

    PAYMENTS
      BY LENDER:
      If you
      are authorized to pay, on my behalf, charges I am obligated to pay (such as
      property insurance premiums), then you may treat those payments as advances
      and
      add them to the unpaid principal under this note, or you may demand immediate
      payment of the charges.

    SET-OFF:
      I agree
      that you may set off any amount due and payable under this note against any
      right I have to receive money from you.

    "Right
      to
      receive money from you" means:

    (1) any
      deposit account balance I have with you;

    (2) any
      money
      owed to , me on an item presented to you or in your possession for collection
      or
      exchange; and 

    (3) any
      repurchase agreement or other nondeposit obligation.

    "Any
      amount due and payable under this note" means the total amount of which you
      are
      entitled to demand payment under the terms of this note at the time you set
      off.
      This total includes any balance the due date for which you properly accelerate
      under this note.

    If
      my
      right to receive money from you is also owned by someone who has not agreed
      to
      pay this note, your right of set-off will apply to my interest in the obligation
      and to any other amounts I could withdraw on my sole request or endorsement.
      Your right of set-off does not apply to an account or other obligation where
      my
      rights are only as a representative. It also does not apply to any Individual
      Retirement Account or other tax-deferred retirement account.

    You
      will
      not be liable for the dishonor of any check when the dishonor occurs because
      you
      set off this debt against any of my accounts. I agree to hold you harmless
      from
      any such claims arising as a result of your exercise of your right of set-off.
      

    REAL
      ESTATE OR RESIDENCE PROPERTY:
      If this
      note is secured by real estate or a residence that is personal property, the
      existence of a default and your remedies for such a default will be determined
      by applicable law, by the terms of any separate instrument creating the security
      interest and, to the extent not prohibited by law and not contrary to the terms
      of the separate security instrument, by the "Default" and "Remedies" paragraphs
      herein. 

    DEFAULT:
      I will
      be in default if any one or more of the following occur: (1) I fail to make
      a
      payment on time or in the amount due; (2) I fail to keep the property insured,
      if required; (3) I fail to pay, or keep any promise, on any debt or agreement
      I
      have with you; (4) any other creditor of mine attempts to collect any debt
      I owe
      him through court proceedings; (5) I die, am declared incompetent, make an
      assignment for the benefit of creditors, or become insolvent (either because
      my
      liabilities exceed my assets or I am unable to pay my debts as they become
      due);
      (6) I make any written statement or provide any financial information that
      is
      untrue or inaccurate at the time it was provided; (7) I do or fail to do
      something which causes you to believe that you will have difficulty collecting
      the amount I owe you; (8) any collateral securing this note is used in a manner
      or for a purpose which threatens confiscation by a legal authority; (9) I change
      my name or assume an additional name without first notifying you before making
      such a change; (10) I fail to plant, cultivate and harvest crops in due season;
      (11) any loan proceeds are used for a purpose that will contribute to excessive
      erosion of highly erodible land or to the conversion of wetlands to produce
      an
      agricultural commodity, as further explained in 7 C.F.R. Part 1940,
      Subpart G, Exhibit M.

    REMEDIES:
      Except
      as provided in the next paragraph, if this note is secured by agricultural
      land
      (as defined in Iowa Code § 172C.1) and I am in default on this note, you will
      give me notice of my right to cure. You may exercise your remedies only if
      I
      fail to cure my default within 45 days after you mail the notice (or 45 days
      after actual delivery if you use a means other than certified
      mail).

    A
      notice
      of right to cure is not necessary and you may immediately exercise your remedies
      if you have: a) given me the notice with respect to two prior defaults, b)
      you
      have given me the notice with respect to a default occurring within 12 months
      before the current default, or I voluntarily surrender the agricultural land
      and
      you accept it in full satisfaction of the debt.

    Subject
      to the above limitations and any limitations imposed by Iowa Code Chapter 654A,
      if I am in default on this note you have, but are not limited to, the following
      remedies:

    (1) You
      may
      demand immediate payment of all I owe you under this note (principal, accrued
      unpaid interest and other accrued charges).

    (2) You
      may
      set off this debt against any right t have to the payment of money from you,
      subject to the terms of the set-off paragraph herein.

    (3) You
      may
      demand security, additional security, or additional parties to be obligated
      to
      pay this note as a condition for not using any other remedy.

    (4) You
      may
      refuse to make advances to me or allow purchases on credit by me.

    (5) You
      may
      use any remedy you have under state or federal law.

    By
      selecting any one or more of these remedies you do not give up your right to
      later use any other remedy. By waiving your right to declare an event to be
      a
      default, you do not waive your right to later consider the event as a default
      if
      it continues or happens again.

    COLLECTION
      COSTS AND ATTORNEY'S FEES:
      I agree
      to pay all costs of collection, replevin or any other or similar type of cost
      if
      I am in default. In addition, if you hire an attorney to collect this note,
      I
      also agree to pay any fee you incur with such attorney plus court costs (except
      where prohibited by law). To the extent permitted by the United States
      Bankruptcy Code, I also agree to pay the reasonable attorney's fees and costs
      you incur to collect this debt as awarded by any court exercising jurisdiction
      under the Bankruptcy Code.

    WAIVER:
      I give
      up my rights to require you to do certain things. I will not require you
      to:

    (1) demand
      payment of amounts due (presentment);

    (2) obtain
      official certification of nonpayment (protest); or

    (3) give
      notice that amounts due have not been paid (notice of dishonor).

    I
      waive
      any defenses I have based on suretyship or impairment of
      collateral.

    OBLIGATIONS
      INDEPENDENT:
      I
      understand that I must pay this note even if someone else has also agreed to
      pay
      it (by, for example, signing this form or a separate guarantee or endorsement).
      You may sue me alone, or anyone else who is obligated on this note, or any
      number of us together, to collect this note. You may do so without any notice
      that it has not been paid (notice of dishonor). You may without notice release
      any party to this agreement without releasing any other party. If you give
      up
      any of your rights, with or without notice, it will not affect my duty to pay
      this note. Any extension of new credit to any of us, or renewal of this note
      by
      all or less than all of us will not release me from my duty to pay it. (Of
      course, you are entitled to only one payment in full.) I agree that you may
      at
      your option extend this note or the debt represented by this note, or any
      portion of the note or debt, from time to time without limit or notice and
      for
      any term without affecting my liability for payment of the note. I will not
      assign my obligation under this agreement without your prior written approval.
      

    FINANCIAL
      INFORMATION:
      I agree
      to provide you, upon request, any financial statement or information you may
      deem necessary. I warrant that the financial statements and information I
      provide to you are or will be accurate, correct and complete. 

    NOTICE:
      Unless
      otherwise required by law, any notice to me shall be given by delivering it
      or
      by mailing it by first class mail addressed to me at my last known address.
      My
      current address is on page 1. I agree to inform you in writing of any change
      in
      my address. I will give any notice to you by mailing it first class to your
      address stated on page 1 of this agreement, or to any other address that you
      have designated. 

    CREDIT
      AGREEMENT:
      A
      "credit agreement" under Iowa Code § 535.17 means any contract made or acquired
      by a lender to loan money or extend credit for any purpose. A "credit agreement"
      does not mean a contract to extend credit by means of a credit card, or open
      end
      credit, or a home equity line of credit. 

    This
      note
      is not subject to Iowa Code § 535.17 if it is a "credit agreement" made
      primarily for a personal, family, or household purpose where the credit extended
      is twenty thousand dollars or less.

    
      	
              DATE
                OF

              TRANSACTION

            	
               

            	
              PRINCIPAL

              ADVANCE

            	
               

            	
              BORROWER'S

              INITIALS

              (not
                required)

            	
               

            	
              PRINCIPAL

              PAYMENTS

            	 	
              PRINCIPAL

              BALANCE

            	 	
              INTEREST

              RATE

            	 	
              INTEREST

              PAYMENTS

            	 	
              INTEREST

              PAID

              THROUGH

            	 
	 	 	
              $

            	
               

            	 	 	 	 	
              $ 

            	 	 	
              $

            	
               

            	
              %  

            	 	 	 	$	 	 	
            	 	 
	 	 	
              $

            	
               

            	 	 	 	 	
              $

            	 	 	
              $

            	
               

            	
              %

            	 	 	 	$	 	 	
            	
            	 
	 	 	
              $

            	
               

            	 	 	 	 	
              $ 

            	 	 	
              $

            	
               

            	
              %

            	 	 	 	$	 	 	
            	
            	 
	 	 	
              $

            	
               

            	 	 	 	 	
              $ 

            	 	 	
              $

            	
               

            	
              %

            	 	 	 	$	 	 	 	
            	 

    

     

    
      
        
          (page
            2 of 2)EXHIBIT
      4.2

    
 

    SOUTHERN
      IOWA BIOENERGY LLC

    

    SUBSCRIPTION
      AGREEMENT

    

    Limited
      Liability Company Membership Units 

     

    $1,000.00
      per Unit

     

    Minimum
      Investment of 20 Units ($20,000)

    1
      Unit Increments Thereafter ($1,000)

    

    The
      undersigned subscriber (hereafter sometimes referred to as “you” or the
“Subscriber”), desiring to become a member of Southern Iowa BioEnergy LLC, an
      Iowa limited liability company, with its principal place of business at 115
      South Linden Street, Lamoni, Iowa (hereafter sometimes referred to as “we” or
“SIBE”), hereby subscribes for the purchase of the membership units of SIBE and
      agrees to pay the related purchase price identified below.

    

    A. SUBSCRIBER
      INFORMATION. Please
      print your individual or entity name and address. Joint subscribers should
      provide their respective names. Your name and address will be recorded exactly
      as printed below. 

    

    
      	
              1.

            	
              Subscriber’s
                Printed Name 

            	
              _________________________________________________

            
	
              2.

            	
              Title,
                if applicable:

            	
              _________________________________________________

            
	
              3.

            	
              Subscriber’s
                Address:

            	 
	 	
              Street
                

            	
              _________________________________________________

            
	 	
              City,
                State, Zip Code

            	
              _________________________________________________

            
	
              4.

            	
              Telephone:

            	
              _________________________________________________

            
	
              4.

            	
              E-mail
                Address:

            	
              _________________________________________________

            

    

    

    B. NUMBER
      OF UNITS PURCHASED. Indicate
      the number of units to be purchased. You
      must
      purchase at least 20 units. We presently have 2,172 units outstanding. The
      maximum number of units to be sold is 14,500. 

    
      	 	 
	 	 

    

     

    C. PURCHASE
      PRICE. Indicate
      the dollar amount of your investment (minimum investment is
      $20,000).

    

    
      	
              1.
                Total
                Purchase Price

              ($1,000.00
                Per Unit multiplied by the number in box B above.)

            	
              =

            	
              2.
                1st
                Installment

              (10%
                of the Total Purchase Price)

            	
              +

            	
              3.
                2nd
                Installment

              (90%
                of the Total Purchase Price)

            
	 	 	 	 	 
	 	 	 	 	 
	 	
              =

            	 	
              +

            	 

    

     

    D. GENERAL
      INSTRUCTIONS FOR SUBSCRIBERS: 

     

    You
      should read the Prospectus dated [Effective
      Date] (the
      “Prospectus”) in its entirety, including exhibits, for a complete explanation of
      an investment in SIBE. To subscribe, you must:

    

    INSTRUCTIONS
      IF YOU ARE SUBSCRIBING PRIOR
      TO RELEASE OF FUNDS FROM ESCROW: If
      you
      are subscribing prior to the Company’s release of funds from escrow, you must
      follow Steps 1 through 5 below:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1. Complete
      all information required in this Subscription Agreement and date and sign the
      Subscription Agreement on page 8 and the Member Signature Page to our Amended
      And Restated Operating Agreement attached to this Subscription Agreement as
      EXHIBIT “A”.

    

    2. Immediately
      provide your personal (or business) check for the first installment of ten
      percent (10%) of your investment amount made payable to "Great Western Bank,
      escrow agent for Southern Iowa BioEnergy LLC”. You will determine this amount in
      box C.2 on page of
      this
      Subscription Agreement.

    

    3. Execute
      the Promissory Note and Security Agreement on page 9 of
      this
      Subscription Agreement evidencing your commitment to pay the remaining ninety
      percent (90%) due for the Units and granting SIBE a security interest in your
      Units.

    

    4.
      Deliver
      each of the original executed documents referenced in numbered paragraphs 1
      and
      3 of these instructions, together with your personal or business check
      referenced in numbered paragraph 2 of these instructions to either of the
      following:

     

    
      	 	Southern Iowa BioEnergy LLC	 Great
              Western Bank
	 	Attention: William T. Higdon	Attention: Trust Department 
	 	115 South Linden Street	P.O. Box 4070
	 	Lamoni, IA 50140	Omaha, NE
              68107

    

      

    5. Within
      thirty (30) days of your receipt of written notice from SIBE stating that its
      sales of Units have exceeded the minimum offering amount of $9,000,000, you
      must
      deliver to SIBE at either of the addresses referenced in numbered paragraph
      4 of
      these instructions an additional personal (or business) check for the remaining
      ninety percent (90%) of your investment amount made payable to Great Western
      Bank, escrow agent for SIBE in satisfaction of your deferred payment obligations
      under the Promissory Note and Security Agreement. You will determine this amount
      in box C.3 on page of
      this
      Subscription Agreement. If you fail to pay the second installment pursuant
      to
      the Promissory Note and Security Agreement, SIBE shall be entitled to retain
      your first installment and to seek other damages, as provided in the Promissory
      Note and Security Agreement.

    

    If
      you
      are subscribing prior to release of funds from escrow, your funds will be placed
      in SIBE’s escrow account at Great Western Bank. The funds will be released to
      SIBE or returned to you in accordance with the escrow arrangements described
      in
      the Prospectus. SIBE may, in its sole discretion, reject or accept any part
      or
      all of your subscription. If SIBE rejects your subscription, your Subscription
      Agreement and investment will be promptly returned to you, plus nominal
      interest, minus escrow fees. SIBE may not consider the acceptance or rejection
      of your subscription until a future date near the end of this
      offering.

    

    If
      you
      invest after we have received subscriptions for Units in excess of the
      $9,000,000 minimum but prior to the release of funds from escrow, 100% of the
      total Unit purchase price will be due immediately. This amount will be held
      in
      escrow until SIBE meets the requirements of the escrow agreement to release
      the
      funds from escrow.

    

    INSTRUCTIONS
      IF YOU ARE SUBSCRIBING AFTER
      RELEASE OF FUNDS FROM ESCROW: If
      you
      are subscribing after the Company’s release of funds from escrow, you must
      follow Steps 1 through 3 below:

    

    1. Complete
      all information required in this Subscription Agreement and date and sign the
      Subscription Agreement on page 8 and the Member Signature Page to our Amended
      And Restated Operating Agreement attached to this Subscription Agreement as
      EXHIBIT “A”.

    

    2. Immediately
      provide your personal (or business) check for the entire amount of your
      investment (as determined in Box C.1 on page 1) made payable to “Southern
      Iowa BioEnergy LLC.”

    

     
      3. Deliver
      the original executed documents referenced in Item 1 of these Instructions,
      together with your personal (or business) check referenced in numbered paragraph
      2 of these instructions to the following:

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

     

    
      	 	
              Southern
                Iowa BioEnergy LLC

            
	 	
              Attention:
                William T. Higdon 

            
	 	
              115
                South Linden Street

            
	 	
              Lamoni,
                Iowa 50140

            

    

    

    If
      you
      are subscribing after release of funds from escrow and we accept your
      investment, your funds will be immediately at-risk as described in the
      Prospectus. SIBE may, in its sole discretion, reject or accept any part or
      all
      of your subscription. If SIBE rejects your subscription, your Subscription
      Agreement and investment will be returned to you promptly, plus nominal
      interest, minus escrow fees as allowed by applicable law. SIBE may not consider
      the acceptance or rejection of your subscription until a future date near the
      end of this offering. 

    

    You
      may direct your questions to one of our directors listed below or to SIBE at
      641-784-3510

    

    
      	
              Director

            	 	
              Cell
                Number

            	 	
              Home
                Number

            
	
              William
                T. Higdon

            	 	
              515-360-0369

            	 	
              641-784-4944

            
	
              Alan
                Elefson

            	 	 	 	
              641-784-7355

            
	
              Randy
                Layton

            	 	
              641-442-5393

            	 	
              641-446-6686

            
	
              William
                D. Morain

            	 	
              641-442-5195

            	 	
              641-784-8186

            
	
              Leon
                Kessel

            	 	
              309-314-0299

            	 	
              641-784-7235

            
	
              J.R.
                Cornett

            	 	
              641-414-3391

            	 	
              641-442-3433

            
	
              Jack
                Cooley

            	 	
              641-414-3408

            	 	
              641-342-3597

            
	
              Scott
                Sunderman

            	 	 	 	
              712-542-4799

            

    

    

    E. Additional
      Subscriber Information. The
      subscriber, named above, certifies the following under penalties of
      perjury:

    

    
      	 	
              1.

            	
              Form
                of Ownership.
                Check the appropriate box (one only) to indicate form of ownership.
                If the
                subscriber is a Custodian, Corporation, Partnership or Trust, please
                provide the additional information requested.

            

    

    

    
      	 	
              o

            	
              Individual

            

      	 	 	 

    

    
      	 	
              
                o

              

            	
              Joint
                Tenants with Right of Survivorship (Both signatures must appear on
                Page
                8.)

            

      	 	 	 

    

    
      	 	
              
                o

              

            	
              Corporation,
                Limited Liability Company or Partnership (Corporate Resolutions,
                Operating
                Agreement or Partnership Agreement must be
                enclosed.)

            

      	 	 	 

    

    
      	 	
              
                o

              

            	
              Trust
                

            

      	 	 	 

    

    Trustee’s
      Name: __________________________________________

    Trust
      Date: ______________________________________________

     

    
      	
            	
              
                o

              

            	
              Other:
                Provide detailed information in the space immediately
                below.

            

    

    __________________________________________________________

    __________________________________________________________

    __________________________________________________________

    

    
      	 	
              2.

            	
              Subscriber’s
                Taxpayer Information.
                Check the appropriate box if you are a non-resident alien, a U.S.
                Citizen
                residing outside the United States or subject to backup withholding.
                Trusts should provide their taxpayer identification number. Custodians
                should provide the minor’s Social Security Number. All individual
                subscribers should provide their Social Security Number. Other entities
                should provide their taxpayer identification
                number.

            

    

    

    
      	 	
              
                o

              

            	
              Check
                box if you are a non-resident alien

            

      	 	 	 

    

    
      	 	
              
                o

              

            	
              Check
                box if you are a U.S. citizen residing outside of the United
                States

            

      	 	 	 

    

    
      	 	
              
                o

              

            	
              Check
                this box if you are subject to backup
                withholding

            

    

     

    
      
        	 	Subscriber’s Social Security No.	_________________________________
	 	Joint Subscriber’s Social Security
                No	_________________________________
	 	Taxpayer Identification No.	_________________________________

      

       

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    
      	 	
              3.

            	
              Member
                Report Address.
                If
                you would like duplicate copies of member reports sent to an address
                that
                is different than the address identified in Section A, please complete
                this section.

            

    

    

    Address: ___________________________________________

     ___________________________________________

    

    
      	 	
              4.

            	
              State
                of Residence.

            

    

    

    
      	 	State of Principal Residence:	__________________________
	 	State where driver’s license is
              issued:	__________________________
	 	State where resident income taxes are
              filed:	__________________________

    

     

    State(s)
      in which you have maintained your principal residence during the past three
      years:

     

    
      	 	 	 
	
              a

            	
              b.

            	
              c.

            

    

    

    
      	 	
              5.

            	
              Suitability
                Standards.
                You cannot invest in SIBE unless you meet one, or more, of the following
                suitability tests which are determined by your state of residence
                as set
                forth below. Please review the suitability tests and check the box(es)
                next to the following suitability test that you meet. For husbands
                and
                wives purchasing jointly, the tests below will be applied on a joint
                basis.

            

    

    

    
      	 	 	
              Alaska,
                Colorado, Illinois,
                Missouri

            

    

    

    
      	 	
              a.  o

            	
              I
                (We) have annual income from whatever source of at least $45,000
                and
                a
                net worth of at least $45,000, exclusive of home, furnishings and
                automobiles; or

            

    

    

    
      	 	
              b. o

            	
              I
                (We) have a net worth of at least $100,000, exclusive of home, furnishings
                and automobiles. 

            

    

    

    Iowa

    

    
      	 	
              a.  o 

            	
              I
                (We) have annual income from whatever source of at least $70,000
                and
                a
                net worth of at least $70,000, exclusive of home, furnishings and
                automobiles; or

            

    

    

    
      	 	
              b. o 

            	
              I
                (We) have a net worth of at least $250,000, exclusive of home, furnishings
                and automobiles. 

            

    

    

    Kansas

    

    Individuals

    

    
      	 	
              a.  o 

            	
              The
                undersigned is an individual with a net worth, or a joint net worth
                together with his or her spouse, in excess of $1,000,000. (In calculating
                net worth, you may include equity in personal property and real estate,
                including your principal residence, cash, short-term investments,
                stock
                and securities. Equity in personal property and real estate should
                be
                based on the fair market value of such property minus debt secured
                by such
                property.)

            

    

    

    
      	 	
              b. o

            	
              The
                undersigned is an individual that had an individual income in excess
                of
                $200,000, in each of the prior two years and reasonably expects an
                income
                in excess of $200,000 in the current year.

            

    

    

    
      	 	
              c.  o

            	
              The
                undersigned is an individual that had with his/her spouse joint income
                in
                excess of $300,000 in each of the prior two years and reasonably
                expects
                joint income in excess of $300,000 in the current
                year.

            

    

    
      	 	 	 

    

    
      	 	
              d. o 

            	
              The
                undersigned is a director or executive officer or general partner
                (or its
                equivalent) of SIBE.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    Entities

    

    
      	 	
              e.  o 

            	
              The
                undersigned, if other than an individual, is an entity, including
                a
                revocable trust, all of whose equity owners/grantors meet one of
                the tests
                set forth in (a) through (d) above. (If relying on this category
                alone,
                each equity owner/grantor must complete a separate copy of this
                Subscription Agreement.)

            

    

    

    
      	 	
              f. 
                o

            	
              The
                undersigned is an entity, and is an “Accredited Investor” as defined in
                Rule 501 (a) of Regulation D under the Securities Act of 1933. This
                representation is based on the following (check one or more, as
                applicable):

            

    

    

    
      
        	
              	(i)	
                o The
                  undersigned (or, in the case of a trust, the undersigned trustee)
                  is a
                  bank or savings and loan association as defined in Sections 3(a)(2)
                  and
                  3(a)(5)(A), respectively, of the Act acting either in its individual
                  or
                  fiduciary capacity. 

              

      

    

    

    
      	
            	(ii)	
              o The
                undersigned is an insurance company as defined in Section 2(13) of
                the
                Securities Act of 1933.

            

    

    

    
      	
            	(iii)	
              o The
                undersigned is an investment company registered under the Investment
                Company Act of 1940 or a business development company as defined
                in
                Section 2(a)(48) of that Act. 

            

    

    

    
      	
            	(iv)	
              o The
                undersigned is a Small Business Investment company licensed by the
                U.S.
                Small Business Administration under Section 301(c) or (d) of the
                Small
                Business Investment Act of 1958. 

            

    

    

    
      	
            	(v)
              	
              o The
                undersigned is an employee benefit plan within the meaning of Title
                I of
                the Employee Retirement Income Security Act of 1974 and either (check
                one
                or more, as applicable):

            

    

    

    (aa) o the
      investment decision is made by a plan fiduciary, as defined in Section 3(21)
      of
      such Act, which is either a bank, savings and loan association, insurance
      company, or registered investment adviser; or

     

    (bb) o the
      employee benefit plan has total assets in excess of $5,000,000; or

    

    (cc)
      o the
      plan
      is a self-directed plan with investment decisions made solely by persons who
      are
“Accredited Investors” as defined under the Act; or

    

    (dd)
      o all
      of
      the plan participants meet one of the tests set forth in (a) through (d) above.
      

    

    
      	
            	(vi)	
              o The
                undersigned is an individual retirement account and the beneficiary
                is an
                accredited investor that meets one of the tests set forth in (a)
                through
                (d) above. 

            

    

    

    
      	
            	(vii)	
              o The
                undersigned is a private business development company as defined
                in
                Section 202(a)(22) of the Investment Advisors Act of
                1940.

            

    

    

    
      
        	
              	(viii)	
                o The
                  undersigned has total assets in excess of $5,000,000, was not formed
                  for
                  the specific purpose of acquiring securities of SIBE and is one
                  or more of
                  the following (check one or more, as
                  appropriate):

              

      

    

    

    (aa) o an
      organization described in Section 501 (c)(3) of the Internal Revenue Code;
      or

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (bb)
      o a
      corporation; or

    

    (cc)
      o a
      Massachusetts or similar business trust; or

    

    (dd)
      o a
      partnership; or

    

    (ee)
      o a
      limited
      liability company.

    

    
      	
            	(ix)	
              o The
                undersigned is a trust with total assets exceeding $5,000,000, which
                was
                not formed for the specific purpose of acquiring securities of SIBE
                and
                whose purchase is directed by a person who has such knowledge and
                experience in financial and business matters that he/she is capable
                of
                evaluating the merits and risks of the investment in the
                Units.

            

    

    

    
      	 	
              6.

            	
              Subscriber’s
                Representations and Warranties.
                You must read and certify your representations and warranties and
                sign and
                date this Subscription Agreement. 

            

    

    

    By
      signing below the subscriber represents and warrants to SIBE that he, she or
      it:

    

    
      	a.  	
              has
                received a copy of SIBE’s Prospectus dated [Effective
                Date] and
                all exhibits thereto;

            

    

    

    
      	b.  	
              has
                been informed that the Units of SIBE are offered and sold in reliance
                upon: (i) a federal securities registration; (ii) Alaska, Colorado,
                Illinois, Iowa, Missouri and Kansas securities registrations; and
                (iii)
                exemptions from securities registrations in various other
                states;

            

    

    

    
      	c.  	
              understands
                that the Units to be issued pursuant to this Subscription Agreement
                can
                only be sold to a person meeting requirements of
                suitability;

            

    

    

    
      	d.  	
              has
                been informed that the Units to be issued pursuant to this Subscription
                Agreement have not been registered under the securities laws of any
                state
                other than the states of Alaska, Illinois, Iowa, Missouri, Kansas
                and
                Colorado, and that SIBE is relying in part upon the representations
                of the
                undersigned Subscriber contained
                herein;

            

    

    

    
      	e.  	
              has
                been informed that the Units subscribed for have not been approved
                or
                disapproved by the Alaska, Illinois, Iowa, Missouri, Kansas or Colorado
                securities agencies or regulators or any other regulatory authority,
                nor
                has any regulatory authority passed upon the accuracy or adequacy
                of the
                Prospectus;

            

    

    

    
      	f.  	
              intends
                to acquire the Units for his/her/its own account without a view to
                public
                distribution or resale and has no contract, undertaking, agreement
                or
                arrangement to sell or otherwise transfer or dispose of any Units
                or any
                portion thereof to any other
                person;

            

    

    

    
      	g.  	
              understands
                that there is no present market for SIBE’s Units, that the Units will not
                trade on an exchange or automatic quotation system, that no such
                market is
                expected to develop in the future and that there are significant
                restrictions on the transferability of the Units;
                

            

    

    

    
      	h.  	
              has
                been encouraged to rely upon the advice of his legal counsel and
                accountants or other financial advisers with respect to the tax and
                other
                considerations relating to the purchase of Units;
                

            

    

    

    
      	i.  	
              has
                received a copy of SIBE’s Amended And Restated Operating Agreement, dated
                May 4, 2005, and understands that upon closing the escrow by SIBE,
                the
                Subscriber and the Units will be bound by the provisions of the Amended
                And Restated Operating Agreement, which contains, among other things,
                provisions that restrict the transfer of Units;

            

    

    

    
      	j.  	
              understands
                that the Units are subject to substantial restrictions on transfer
                under
                state and federal securities laws in addition to the restrictions
                contained in SIBE’s Amended And Restated Operating Agreement, and agrees
                that if the Units or any part thereof are sold or distributed in
                the
                future, the Subscriber shall sell or distribute them only in strict
                accordance with the terms of SIBE’s Amended And Restated Operating
                Agreement, the requirements of the Securities Act of 1933, as amended,
                and
                applicable state securities laws;

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	k.  	
              meets
                the suitability test marked in numbered paragraph 5 above and is
                capable
                of bearing the economic risk of this investment, including the possible
                total loss of the investment;

            

    

    

    
      	l.  	
              understands
                that SIBE will place a restrictive legend on any certificate representing
                Units containing substantially the following language as the same
                may be
                amended by SIBE’s Board of Directors in its sole
                discretion:

            

    

    

    THE
      TRANSFERABILITY OF THE MEMBERSHIP UNITS REPRESENTED BY THIS CERTIFICATE IS
      RESTRICTED. SUCH UNITS MAY NOT BE SOLD, ASSIGNED, OR TRANSFERRED, AND NO
      ASSIGNEE, VENDEE, TRANSFEREE OR ENDORSEE THEREOF WILL BE RECOGNIZED AS HAVING
      ACQUIRED ANY SUCH UNITS FOR ANY PURPOSES, UNLESS AND TO THE EXTENT SUCH SALE,
      TRANSFER, HYPOTHECATION, OR ASSIGNMENT IS PERMITTED BY, AND IS COMPLETED IN
      STRICT ACCORDANCE WITH, APPLICABLE FEDERAL AND STATE LAW AND THE TERMS AND
      CONDITIONS SET FORTH IN THE OPERATING AGREEMENT OF THE COMPANY, AS AMENDED
      FROM
      TIME TO TIME.

    

    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, OFFERED FOR SALE
      OR
      TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED, AND UNDER APPLICABLE STATE SECURITIES LAWS, OR AN OPINION
      OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH TRANSACTION IS EXEMPT FROM
      REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER APPLICABLE
      STATE SECURITIES LAWS.

    

    
      	m.  	
              understands
                that, to enforce the above legend, SIBE may place a stop transfer
                order
                with its registrar and stock transfer agent (if any) covering all
                certificates representing any of the membership
                units;

            

    

    

    
      	n.  	
              has
                sufficient knowledge and experience in business and financial matters
                so
                as to be able to evaluate the merits and risks of an investment in
                the
                Units, believes that the investment in Units is suitable for the
                Subscriber and that the Subscriber can bear the economic risk of
                the
                purchase of Units, including the total loss of the undersigned’s
                investment; 

            

    

    

    
      	o.  	
              may
                not transfer or assign this Subscription Agreement, or any of the
                Subscriber’s interest herein; 

            

    

    

    
      	p.  	
              has
                written his, her, or its correct taxpayer identification number under
                numbered paragraph E.2 of this Subscription Agreement;
                

            

    

    

    
      	q.  	
              is
                not subject to back up withholding either because he, she or it has
                not
                been notified by the Internal Revenue Service (“IRS”) that he, she or it
                is subject to backup withholding as a result of a failure to report
                all
                interest or dividends, or the IRS has notified him, her or it that
                he is
                no longer subject to backup withholding (Note this clause (q) should
                be
                crossed out if the backup withholding box in numbered paragraph E.2
                is
                checked); 

            

    

    

    
      	r.  	
              understands
                that execution of the attached Promissory Note and Security Agreement
                will
                allow SIBE and its successors and assigns to pursue the Subscriber
                for
                payment of the amount due thereon by any legal means, including,
                but not
                limited to, acquisition of a judgment against the Subscriber in the
                event
                that the Subscriber defaults on the Promissory Note and Security
                Agreement; and

            

    

    

    
      	s.  	
              acknowledges
                that SIBE may retain possession of certificates representing the
                Subscriber’s Units to perfect its security interest in those
                Units.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    Signature
      of Subscriber/ Joint Subscriber: 

    

    Date:  _______________________________

     

    
      
        	
                Individuals:

              	 	
                Entities:

              
	 	 	 
	 	 	 
	 	 	 
	
                Name
                  of Individual Subscriber (Please Print)

              	 	
                Name
                  of Entity (Please Print)

              
	 	 	 
	 	 	 
	
                Signature
                  of Individual

              	 	
                Print
                  Name and Title of Officer

              
	 	 	 
	 	 	 
	 	 	 
	
                Name
                  of Joint Individual Subscriber (Please Print)

              	 	
                Signature
                  of Officer

              
	 	 	 
	 	 	 
	
                Signature
                  of Joint Individual Subscriber

              	 	 

      

    

     

    ACCEPTANCE
      OF SUBSCRIPTION BY SOUTHERN IOWA BIOENERGY LLC:

     

    Southern
      Iowa BioEnergy LLC hereby accepts the subscription for the above
      Units.

    

    Dated
      this _________day
      of ________________,
      200_____.

     

    SOUTHERN
      IOWA BIOENERGY LLC

     

    By:
      _____________________________________

     

    Its:
      _____________________________________

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    PROMISSORY
      NOTE
      AND SECURITY AGREEMENT

    

    Date
      of
      Subscription Agreement: ___________________________________, 200__.

     

    $1,000.00
      per Unit

     

    Minimum
      Investment of 20 Units ($20,000), 1 Unit Increments Thereafter
      ($1,000)

    

    
      	 	 	
              Number
                of Units subscribed

            
	 	 	
               

              Total
                Purchase Price ($1,000.00 per Unit multiplied by number of Units
                subscribed)

            
	
              

                (                                        )

              

            	 	
               

              Less
                Initial Payment (10% of Principal Amount)

            
	 	 	
               

              Principal
                Balance

            

    

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby promises to pay to the order of Southern Iowa
      BioEnergy LLC, an Iowa limited liability company (“SIBE”), at its principal
      office located 115 South Linden Street, Lamoni, Iowa 50140, or at such other
      place as required by SIBE, the Principal Balance set forth above in one lump
      sum
      to be paid without interest within 30 days following the call of the SIBE Board
      of Directors, as described in the attached Subscription Agreement. In the event
      the undersigned fails to timely make any payment owed, the entire balance of
      any
      amounts due under this full recourse Promissory Note and Security Agreement
      shall be immediately due and payable in full with interest at the rate of 12%
      per annum from the due date and any amounts previously paid in relation to
      the
      obligation evidenced by this Promissory Note and Security Agreement may be
      forfeited at the discretion of SIBE. 

     

    The
      undersigned agrees to pay to SIBE on demand, all costs and expenses incurred
      to
      collect any indebtedness evidenced by this Promissory Note and Security
      Agreement, including, without limitation, reasonable attorneys’ fees. This
      Promissory Note and Security Agreement may not be modified orally and shall
      in
      all respects be governed by, construed, and enforced in accordance with the
      laws
      of the State of Iowa. 

     

    The
      provisions of this Promissory Note and Security Agreement shall inure to the
      benefit of SIBE and its successors and assigns, which expressly reserve the
      right to pursue the undersigned for payment of the amount due hereon by any
      legal means in the event that the undersigned defaults on obligations provided
      in this Promissory Note and Security Agreement. 

     

    The
      undersigned waives presentment, demand for payment, notice of dishonor, notice
      of protest, and all other notices or demands in connection with the delivery,
      acceptance, performance or default of this Promissory Note and Security
      Agreement. 

     

    The
      undersigned hereby grants to SIBE, and its successors and assigns (“Secured
      Party”), a purchase money security interest in and to all of the undersigned’s
      Membership Units of SIBE now owned or hereafter acquired. This security interest
      is granted as non-exclusive collateral to secure payment and performance of
      the
      obligation owed to Secured Party from the undersigned pursuant to this
      Promissory Note and Security Agreement. The undersigned further authorizes
      Secured Party to retain possession of certificates representing such Membership
      Units and to take any other actions necessary to perfect the security interest
      granted herein without the need of obtaining any further assent or signature
      from the undersigned. 

     

    
      	
              Dated:
                , 2008.

            	 	 	 	 
	
              OBLIGOR/DEBTOR:

            	 	
              JOINT
                OBLIGOR/DEBTOR:

            
	
               

              Printed
                or Typed Name of Joint Obligor/Debtor

            	 	
               

              Printed
                or Typed Name of Obligor/Debtor

            
	
              By:

            	
               

              (Signature)

            	 	
               

              By:

            	 	
               

               

              (Signature)

            
	
               

               

              Officer
                Title if Obligor/Debtor is an Entity

            	 	 
	
               

               

            	 	 
	
               

              Address
                of Obligor/Debtor

            	 	 

    

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    EXHIBIT
      “A”

    

    MEMBER
      SIGNATURE PAGE

    

    ADDENDUM
      TO THE

    AMENDED
      AND RESTATED OPERATING AGREEMENT 

    OF
      SOUTHERN IOWA BIOENERGY LLC

    

    The
      undersigned does hereby warrant, represent, covenant and agree that: (i) the
      undersigned, as a condition to becoming a Member in Southern Iowa BioEnergy
      LLC,
      has received a copy of the Amended And Restated Operating Agreement dated May
      4,
      2005, and, if applicable, all amendments and modifications thereto; (ii) the
      undersigned shall be subject to and comply with all terms and conditions of
      such
      Amended And Restated Operating Agreement in all respects, as if the undersigned
      had executed said Amended And Restated Operating Agreement on the original
      date
      thereof; and (iii) the undersigned is and shall be bound by all of the
      provisions of said Amended And Restated Operating Agreement from and after
      the
      date of execution of this Addendum.

     

    
      
        
          	
                  Individuals:

                	 	
                  Entities:

                
	 	 	 
	 	 	 
	 	 	 
	
                  Name
                    of Individual Member (Please Print)

                	 	
                  Name
                    of Entity (Please Print)

                
	 	 	 
	 	 	 
	 	 	 
	
                  Signature
                    of Individual

                	 	
                  Print
                    Name and Title of Officer

                
	 	 	 
	 	 	 
	 	 	 
	
                  Name
                    of Joint Individual Member (Please Print)

                	 	
                  Signature
                    of Officer

                
	 	 	 
	 	 	 
	 	 	 
	
                  Signature
                    of Joint Individual Member

                	 	 

        

      

    

     

    Agreed
      to and Accepted on Behalf of the

    Company
      and its Members:

    

    SOUTHERN
      IOWA BIOENERGY LLC

     

    
      By:
        _____________________________________

       

      Its:
        _____________________________________

       

      
        
           

        

        
          10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]