Document:

Exhibit 10.1

EXHIBIT 10.1

                            TRANSPORTATION AGREEMENT

     THIS AGREEMENT is entered into this 19th Day of July, 2007, (the "Effective
Date") by and between NEDAK Ethanol LLC.  ("Shipper") and Western Oil Trans Inc.
("Carrier"),  in  consideration  of the mutual  covenants and agreements  herein
contained, hereby mutually covenant and agree as follows:

     1.   Contract Carrier Authority.

     Carrier is engaged in the business of  transporting  property and is a duly
qualified  contract carrier by motor vehicle,  holding operating  authority from
the Federal  Motor  Carrier  Safety  Administration  (or one of its  predecessor
agencies) in Docket Number MC-563623 (the "Docket").

     2.   General Obligations.

     a. Shipper shall tender to Carrier, and Carrier shall transport and deliver
in its motor vehicle equipment, certain of Shipper's commodities on a continuing
and recurring basis,  pursuant to the provisions of this Agreement and under the
terms,  conditions,  rates and charges set forth in the attached  Exhibits which
are incorporated herein by this reference.

     b. Carrier shall  furnish,  operate and maintain in good working  condition
and  suitable  appearance,  at its  own  expense,  all  motor  vehicles  and all
equipment  necessary to perform the services  required  under this Agreement and
shall assume all incidental  costs and expenses  including,  but not limited to,
all costs and expenses incident to or arising out of the maintenance, repair, or
operation of such equipment, fuel, and supplies. Carrier agrees to save and hold
Shipper harmless from any and all such costs, expenses and liabilities.  Carrier
shall  also  provide,   supervise,   and  control  all  necessary   drivers  and
dispatchers,  and procure all necessary licenses for the proper operation of the
equipment so furnished.

     c.  Carrier  assumes  and  shall pay any and all  contributions,  taxes and
assessments  which may be required to be paid under any  so-called  Unemployment
Compensation, Disability, Old Age Pension, Social Security, or any similar laws,
by reason of the employment by Carrier of Carrier's employees, and Carrier shall
in all other  respects  comply with such laws.  If, under the  applicable  State
Unemployment  Compensation Law, Carrier has the right to elect whether or not to
come  under  and be  bound  by the  terms  of such  Law,  Carrier  shall  either
self-insure or promptly register under said Law.

     d.  Carrier  shall  keep  Shipper's  cargo free and clear  from,  and shall
indemnify,  defend and hold Shipper harmless from and against, all liens related
to payment for which Carrier is  responsible  arising out of the  transportation
services, including, but not limited to, materialmen's, laborers' and mechanics'
liens.  Carrier  shall  deliver to Shipper  prompt  written  notice of actual or
prospective claims of any such liens known to Carrier.  Carrier shall not have a
lien on any cargo for which Carrier provides  transportation services under this
Agreement.

     3.   Term.

     This Agreement,  including the Exhibits that are made a part hereof,  shall
commence on the date of first ethanol to be transported  and shall be for a term
of three (3) years from the Effective  Date, and thereafter  will  automatically
renew and  continue  for  additional  renewal  terms of one (1) year each unless
otherwise terminated by provisions contained herein. Unless otherwise terminated
by provisions contained herein, this Agreement shall terminate:

     a. by either  party giving  written  notice to the other party no less than
one hundred  eighty (180)  calendar days prior to the ending date of the initial
three-year term or of any renewal term;

     b. on the  expiration  or  suspension  of all or any part or  aspect of the
authority granted in the Docket;

     c. on any change in the  authority  granted in the  Docket,  such change of
which  adversely  affects  Carrier's  ability to  perform  the  services  in the
capacity represented herein;

     d. by mutual agreement of Shipper and Carrier;

     e. upon the  discontinuance  of business  operations  by either party which
discontinuance  of business  materially  affects such party's ability to perform
the obligations agreed to pursuant to the terms of this Agreement; or

     f.  upon  notification  to  Shipper  that  Carrier  has been  issued a U.S.
Department of Transportation Safety Rating of less than "Satisfactory"

     4.   Effect of Termination.

     Termination of this Agreement for any reason shall not release either party
from any obligation that may have accrued before such termination,  nor shall it
preclude  either  party from  exercising  any  remedies  it might have in law or
equity to enforce such obligations.

     5.   Carrier's Service Designed to Meet Shipper's Distinct Needs.

     The parties agree and acknowledge that the transportation services provided
for under this Agreement are designed to meet the distinct needs of Shipper, and
it is specifically  because Carrier  acknowledges its ability and willingness to
meet such distinct needs that Shipper has entered into this  Agreement.  Carrier
shall  provide  all  services in a prompt,  efficient  and safe manner and shall
warrant the safe and prompt delivery of the goods without loss, damage, delay or
contamination.  Carrier and Shipper  acknowledge that this is a private contract
to provide specified services under specified rates and conditions,  and, to the
extent permitted by 49 U.S.C. ss.14101, hereby waive all rights, obligations and
remedies  they may have  under  49  U.S.C.  ss.13101  through  ss.14901  for the
transportation  covered  by this  Agreement,  (except  on  matters  relating  to
registration,  insurance  and safety  fitness)  only to the extent such  rights,
obligations and remedies are in conflict with this Agreement.

     6.   Independent Contractor.

         Carrier is and shall remain an  independent  contractor in all respects
and in the  performance of all  transportation  services and related  activities
hereunder.  The detailed  methods of transporting  commodities in motor vehicles
shall be under the  exclusive  control and  direction of Carrier,  Shipper being
interested  only in the results  thereof.  All persons engaged in performing the
transportation  services and related activities  hereunder shall be employees or
agents of Carrier or its  subcontractors  or their  employees,  and shall not be
deemed to be subcontractors of agents of Shipper.  Carrier,  however,  agrees to
comply  with all  requests  made to  Carrier  by  Shipper  concerning  the time,
coordination, and place of performance hereunder.

     7.   Determination of Freight Charges.

     a.  Freight  charges  and fuel  surcharges  shall be those set forth in the
attached Exhibit A. Unless expressly stated and agreed to otherwise herein,  all
such charges shall be inclusive of the following:

          i. all origin and destination services (including,  but not limited to
loading and unloading services) required by Shipper;

          ii. all accessorial charges;

          iii. all fuel surcharges;

          iv. all hazardous material fees; and

          v. all detention charges.

     b. In  determining  the freight  and other  charges  applicable  under this
Agreement,  the  parties  shall  use  those  rates  set  forth  in the  attached
Exhibit(s).

     8.   Invoicing and Payments.

     a. All  commodities  transported by Carrier for Shipper,  whether  received
from Shipper or from a third  party,  shall be  transported  under the terms and
conditions of this  Agreement.  Each  shipment  shall be evidenced by a document
substantially  in the form attached  hereto as Exhibit B showing the product and
quantity  thereof received and delivered by Carrier at the loading and unloading
points, respectively.

     b. Invoicing shall be accomplished either by Carrier mailing to Shipper the
original and one copy of each applicable freight bill, or by sending Shipper the
invoice  information  via  Electronic  Data  Interchange  (EDI)  with  the  data
transmitted serving as the freight invoice.

     c. Freight  invoices sent to Shipper which reflect freight or other charges
that exceed the  charges  previously  agreed to by the parties and  incorporated
into  the  contract  rates  pursuant  to this  Agreement,  shall,  at  Shipper's
discretion,  either be  returned  to  Carrier  for  correction  to  reflect  the
previously  agreed-to rates and charges or shall be manually  revised by Shipper
to  reflect  the  correct  amount  due as  previously  agreed to by the  parties
pursuant to the terms of this

Agreement.  In such cases,  Shipper  shall pay that portion of the invoice which
Shipper  reasonably  believes is due and owing to Carrier under the terms of the
Agreement.

     d. If Shipper desires to ship on a "freight collect" basis,  Carrier agrees
to collect from the  consignee  the charges  listed in Exhibit A , except in the
case where Carrier and consignee have a separate agreement.

     e.  Shipper's  payment  of  invoices  shall not  constitute  acceptance  of
shipments and shall be subject to adjustment for errors, shortages or defect.

     9.   Scope and Governing Rules.

     This Agreement shall apply to and govern all shipments  tendered to Carrier
for shipment to and/or from Shipper's facilities,  including shipments to and/or
from any locations other than Shipper's facilities as designated by Shipper, and
shipments  from  suppliers  shipping  to  Shipper.  To the  extent  any  term or
provision in this Agreement differs or is contrary to a term or provision of any
tariff,  bill of lading,  freight bill, or other shipping or delivery  document,
the terms and provisions of this Agreement shall supersede and govern.

     10.  Loading and Handling Obligations.

     a.  Carrier  shall  be  responsible  for  loading  Shipper's  freight  onto
Carrier's  equipment at the origin point and for unloading  Shipper's freight at
the delivery point. When on Shipper's premises,  Carrier, its subcontractors and
agents shall comply with the safety  practices and  procedures  established  for
those premises.

     b. Carrier is responsible to maintain an accurate count of all of Shipper's
freight  at all times such  freight  is in  Carrier's  possession,  custody,  or
control.  Subject only to their taking  appropriate  safety  measures.  Carrier,
Carrier's  employees,  agents  and/or  authorized  representatives  may visually
inspect and count  Shipper's  freight during the loading  process and during all
times in which such freight is in Carrier's possession, custody, and control.

     11.  Loss of or Damage to Property, Third-Party Claims.

     a. Loss of or Damage to Property of Shipper or Third Parties.

          i. Regardless of the points of origin,  destination or location of the
     transportation services provided, Carrier shall be liable to Shipper in the
     same  manner  and to the same  extent as a common  carrier  under 49 U.S.C.
     ss.14706 (or its successor  statute) for loss of, damage to,  contamination
     of, or delay in delivery of Shipper's  products  when tendered and accepted
     for transportation hereunder, except where such loss or damage results from
     (1) acts of God, or public  authority,  (2) inherent  vice or nature of the
     commodities,  or (3) acts of Shipper.  Irrespective  of any  provisions  in
     Carrier's  tariffs,  service  guides  or  similar  publications,  Carrier's
     liability  for loss,  damage,  contamination,  or delay shall be determined
     solely by the  terms of this  Contract.  Any  attempts  to limit  Carrier's
     liability by tariff or other provisions incorporated by reference in a bill
     of  lading  or other  shipping  document  shall be  deemed  null and  void.
     Products  which have been tendered to Carrier in good order and  condition,
     and subsequently

     delivered  by  Carrier in damaged  or  contaminated  condition,  or lost or
     destroyed,  or  unreasonably  delayed in  delivery,  shall be  conclusively
     deemed to have been damaged,  contaminated,  lost, destroyed, or delayed by
     Carrier's  negligence  unless Carrier can otherwise  establish by clear and
     convincing evidence.

     ii. Carrier's  acceptance of Shipper's products for transportation shall be
deemed to occur at the time such  products (or any part thereof) pass the flange
of the loading valve on Carrier's trailer.

     iii.  Claims against Carrier for loss of, damage to,  contamination  of, or
delay in delivery of the  Shipper's  products and the  processing of any salvage
shall  be  governed  by  49  C.F.R.  Part  370,  or  any  applicable   successor
regulations,  except as otherwise set out in this  Agreement.  Carrier shall not
dispose of any damaged or contaminated cargo,  without the prior written consent
of Shipper. Shipper may determine,  within its sole discretion,  and not subject
to a reasonableness standard, whether and how the cargo, may be salvaged, and if
salvageable,  the value of such salvage.  Any salvage receipts shall be credited
against Shipper's claim against Carrier.  Shipper shall have the right to remove
all identifying  marks or labels when Carrier pays Shipper for the full value of
the  damaged or  contaminated  cargo and  requests  possession  of the  salvage.
Alternatively,  the cargo shall be permanently  marked as "damaged" or a similar
notation,  without  debiting  Shipper for such  notations.  If any portion of 49
C.F.R. Part 370 conflicts with any portion of this Agreement,  the provisions of
this Agreement shall govern.

     iv.  The  parties  agree  and  Shipper  declares  that,  in case  of  loss,
contamination,  or damage to Shipper's products,  the value of such products and
the liability of Carrier for any cause for which Carrier may be liable, shall be
the full invoice  value of the products up to $50,000 per  shipment,  subject to
reasonable mitigation of the lost,  contaminated,  or damaged products, plus all
reasonable  additional  transportation  costs.  Such full invoice value shall be
determined by the invoice  between  Shipper and the consignee,  or if Shipper is
the consignee, the invoice between the consignor and Shipper.

     v. Carrier  shall be liable to Shipper and to third parties for any loss or
contamination of, or damage to any products or property,  other than commodities
tendered  for  transportation  hereunder,  where and to the  extent  such  loss,
contamination,  or  damage is the  result of  Carrier's  negligence  or  willful
misconduct.

     vi. The parties agree that, in case of loss or contamination  of, or damage
to any products or property of third parties or Shipper,  other than commodities
tendered for  transportation  hereunder,  the value of such products or property
and the  liability  of Carrier  for any cause for which  Carrier  may be liable,
shall be the fair market  value of such  products or property or the  reasonable
cost of repair, whichever is less.

b. Loss of or Damage to Property of Carrier.

     i. Shipper shall be liable to Carrier for loss of or damage to any property
of  Carrier  where  and to the  extent  such  loss or  damage  is the  result of
Shipper's negligence or willful misconduct.

     ii. The  parties  agree that in case of loss or damage to any  property  of
Carrier,  the value of such  property and the liability of Shipper for any cause
for which Shipper may be liable, shall be the fair market value of such property
or the reasonable cost of repair, whichever is less.

     12.  Indemnification.

     a. Except as expressly  provided  below Carrier agrees to hold harmless and
unconditionally  indemnify  Shipper  against  and  from  all  liability,   cost,
expenses, claims, and damages which Shipper may at any time suffer or sustain or
become liable for by reason of:

          i. Any and all  penalties,  fines,  costs or expenses of any character
     which may be enforced or sought to be enforced  against  Shipper or Carrier
     by reason of the violation or alleged  violation by Carrier of any federal,
     state or local law or regulation;

          ii. Any and all claims,  actions and causes of action which may at any
     time arise by reason of accident or damage to the  property of either party
     or third parties or the injury to or death of any party including employees
     of  either  party or any  third  parties  caused  by any  negligent  act or
     omission of Carrier, its officers,  agents, or employees arising from or in
     connection with:

               (a) The  maintenance,  use, or operation  (including  loading and
          unloading)  by  Carrier  or its  agents,  or  employees  of any  motor
          vehicles  or  equipment   used  by  Carrier  in  performance  of  this
          Agreement;

               (b) Carrier's  performance of the  transportation  services to be
          provided under this Agreement;

          iii. Any and all claims, actions and causes of action which may at any
     time arise by reason of any state or local  sales tax that may be  assessed
     on  payments  made by Carrier to  Shipper  for loss or damage to  Shipper's
     commodities or any other property of Shipper.

     b. The indemnity  herein  provided shall include,  but shall not be limited
to, all costs,  expenses,  and attorneys' fees incurred or payable by Shipper in
settling  such claims or  penalties  or fines or in  investigating  or defending
against the same.

     c. Notwithstanding any other provision in this Agreement, such indemnity of
Carrier shall not hold Shipper harmless from or against any such penalty,  fine,
claim,  action or cause of action shown to arise from the negligence of Shipper.
Where  personal  injury,  death  or loss of or  damage  to  property  (excluding
property of Shipper or Carrier) is the result of the joint negligence or willful
misconduct of Carrier and Shipper, Carrier's duty of indemnification shall be in
proportion  to  its  allocable  share  of  such  joint   negligence  or  willful
misconduct.

     d.  This  Section  12 shall not  apply to  claims  for lost,  contaminated,
damaged or delayed cargo that are covered by Section 11.a. i-iv above.

     13.  Insurance.

     a.  Carrier  shall obtain and maintain at all times during the term of this
Agreement the following insurance coverage:

          i.   Comprehensive   general  liability   (including   automobile  and
     contractual liability),  bodily injury and property damage insurance,  with
     an appropriately  licensed company, in an amount not less than Five Million
     Dollars  ($5,000,000.00)  or the amount required by applicable state and/or
     federal law,  whichever is greater,  insuring  Carrier's ability to pay for
     any loss, damage, or injury arising out of Carrier's performance or failure
     to perform under this Agreement.

          ii.  Cargo   insurance   with  an   appropriately   licensed   company
     satisfactory  to Shipper in an amount not less than Fifty Thousand  Dollars
     ($50,000.00)  for loss of or damage to property  carried on motor  vehicles
     used in connection  with the  transportation  services  agreed to under the
     terms  of this  Agreement,  or for any and  all  amounts  as per  statutory
     requirements, whichever is greater;

          iii. Worker's  compensation  insurance,  with an appropriate  licensed
     company, in an amount not less than the statutory requirements,  for injury
     to any of Carrier's employees arising out of Carrier's  performance of this
     Agreement;

          iv.  Environmental  damage  liability  insurance,  as  evidenced by an
     MCS90,  with  limits of  liability  of not less than Five  Million  Dollars
     ($5,000,000.00) per occurrence; and

          v. Any other  insurance  required by any  federal or state  regulatory
     agency.

     b. Carrier shall provide  certificates of insurance  coverage to Shipper to
evidence that the insurance required herein remains in force.

     c. Shipper, its subsidiaries and affiliated companies,  co-owners and joint
venturers,  if any, and their  employees,  officers and agents shall be named as
additional insureds or as beneficiaries of each of the policies required by this
section, except Workers' Compensation.

     d.  All  policies  shall be  endorsed  to  provide  that  underwriters  and
insurance  companies of Carrier shall not have any right of subrogation  against
Shipper,  its  subsidiaries,  co-owners  or joint  venturers,  if any, and their
agents, employees,  officers, invitees, servants,  contractors,  subcontractors,
underwriters  and insurance  companies  with respect to any loss of or damage to
Shipper's cargo or commodities.

     e. Carrier agrees that unless it receives  Shipper's  prior written consent
otherwise,  it will (i) keep such policies in force,  (ii) not reduce the amount
or change the nature of the coverage,  (iii) not remove Shipper as an additional
insured  or  beneficiary,  and (iv)  not  change  insurers.  Shipper  shall  not
unreasonably withhold any approvals or consents as required herein.

     f.  Any  coverage  provided  Shipper  by  Carrier's  insurance  under  this
Agreement is primary insurance,  to the extent the loss or damage in question is
caused by  Carrier's  negligent

act or omission,  and shall not be considered  contributory  insurance  with any
insurance policies of Shipper, its employees,  subsidiaries, or joint venturers,
if any.  To the  extent a  particular  loss or damage  is  caused  by  Shipper's
negligent act or omission,  any  applicable  coverage  under policies of Shipper
shall be primary insurance,  and shall not be considered  contributory insurance
with any insurance policies of Carrier.

     g. Such insurance  policies shall provide (unless  prohibited by applicable
statute), that written notice of any such cancellation shall be given to Shipper
at  least  ten  (10)  calendar  days  prior  to  such  cancellation.   Carrier's
obligations  hereunder  shall  always be subject to any  limitations  imposed by
applicable laws, regulations or orders of any governmental authority.

     14.  Compliance with Laws and Business Practices.

     a. Each party hereto agrees to comply with all laws and lawful  regulations
applicable to any activities  carried out under the provisions of this Agreement
and/or any amendments to it.

     b.  Carrier  agrees to comply  with all  safety  practices  and  procedures
established for each of Shipper's facilities and premises.

     c.  Carrier  agrees that at all times when its  vehicles  are  transporting
Shipper's  freight,  such  vehicles  shall carry a current copy of the Emergency
Response Guide Book.

     d. Each party hereto agrees that all financial  settlements,  billings, and
reports rendered to the other party as provided for in this Agreement and/or any
amendments to it will, to the best of its knowledge and belief, properly reflect
the facts about all activities and transactions related to this Agreement, which
data may be relied upon as being complete and accurate in any further  recording
and reporting made by such other party for whatever  purpose.  Each party hereto
agrees to notify the other party  promptly upon  discovery of any instance where
the notifying  party has reason to believe data covered by this  subsection  (d)
above are no longer accurate and complete.

     e. In addition to and not in  limitation  of Carrier's  general  compliance
requirements  set forth elsewhere in this Agreement,  Carrier warrants that when
providing  services for any material that is classified as a Hazardous  Material
or Dangerous Good, under applicable international, federal, state, or local law,
Carrier assumes full responsibility that its (and its subcontractors') employees
have been trained, qualified, and screened to safely handle the material for the
purposes of such  services  and that the  material  will arrive at the  required
destination  in a safe  manner.  Carrier  certifies  that it has  developed  and
implemented a security plan in compliance  with  applicable  regulations  in the
jurisdictions  in which it will provide the services for such  material and that
Carrier will furnish a true and correct copy thereof to Shipper,  upon Shipper's
request.

15.  Transportation of Waste and Hazardous Waste

a. This  Section  15 shall  apply  only in the event a heel  remains in the tank
truck after delivery,  and, after  notification by Carrier,  Shipper  determines
that the heel must be managed as a hazardous waste.

b. In the event Carrier  transports  hazardous waste, as defined by the Resource
Conservation  and Recovery Act, 42 U.S.C. ss. 6901 et. seq. and applicable state
counterparts,   Carrier  shall  comply  with  all  applicable  requirements  for
transporters  of hazardous  waste,  including  but not limited to the  hazardous
waste  transporter  requirements  at 40 CFR  Part  263 or any  applicable  state
counterpart.

     c. Carrier shall deliver any  hazardous  waste  tendered by Shipper only to
the  "designated  facility"  listed on the manifest  accompanying  the hazardous
waste.  Carrier must have regulatory  authority to transport waste and hazardous
waste within the applicable state or provincial jurisdictions.

     16.  Surviving Obligations.

     If any provision of this Agreement  should be found to be  unenforceable or
should  become in  contravention  of any  applicable  laws or  regulations,  the
parties shall remain  obligated by that which remains or such provision shall be
superseded by the appropriate provisions of such laws or regulations, so long as
such laws or regulations remain in force and effect, whichever is applicable.

     17.  Required Notices.

     a. Shipper  shall give Carrier  prior  notice of the toxic,  flammable,  or
otherwise hazardous nature, if any, of the product to be shipped.

     b. Carrier must notify Shipper within ten calendar (10) days when Carrier's
Department   of   Transportation   safety  rating  falls  below  the  rating  of
"satisfactory".

     c. Carrier shall notify  Shipper of any notices of DOT  hazardous  material
violations  received by Carrier  while  Carrier is in  possession  of  Shipper's
freight, immediately upon Carrier's receipt of any such violation.

     18.  Confidentiality.

     The rights and  obligations  hereunder  are  personal to each party to this
Agreement.  No party may disclose the  existence of, or any of the terms of this
Agreement  to any  non-party  without  the prior  written  consent  of the other
parties except (1) as required by law, in particular  securities laws applicable
to Shipper; (2) to a corporate parent,  subsidiary,  or affiliate;  or (3) to an
authorized audit agency for audit or other financial purposes.

     19.  Governing Law and Jurisdiction.

     This  Agreement  shall be governed by and construed in accordance  with the
laws of the  State of  Nebraska  (without  giving  effect to the  principles  of
conflict  of laws which might  otherwise  result in the  application  of the law
another  jurisdiction)  and  Title  49 of the  United  States  Code.  Litigation
regarding  this  contract  may be  brought  only in the  courts  in the State of
Nebraska.

     20.  Force Majeure.

     In the event  either party is unable to meet any of its  obligations  under
this  Agreement as a result of acts of God, acts of government,  war,  strike or
other labor disturbance,  or any other cause beyond its reasonable control,  the
obligations  of the party  affected  by the  force  majeure  condition  shall be
suspended for the duration of same; provided,  however,  that both parties shall
make all  reasonable  efforts  to  continue  to meet their  obligations  for the
duration of the force majeure condition. The suspension of any obligations owing
to force majeure  shall neither cause the term of this  Agreement to be extended
nor affect any rights  accrued under this  Agreement  prior to the force majeure
condition.  Nothing in this  Section 20 shall apply to relieve  Carrier from its
responsibility and liability for cargo loss, damage, contamination,  or delay in
delivery  set  forth in  Section  11 of this  Agreement  or its  indemnification
obligations under Section 12 of this Agreement, except as otherwise set forth in
those sections.

     21.  Notices.

     All notices  required to be given under this Agreement  shall be in writing
and sent either by first class U.S. Mail or overnight mail, postage prepaid, and
addressed to the respective parties at the following addresses, or at such other
addresses as one party may furnish to the other by written notice:

       Carrier                                            Shipper

Western Oil Trans Inc                          NEDAK Ethanol LLC

Attn:  Mike Danielski                          Attn: Jerome Fagerland

633 W Hwy 20 - PO Box 10                       87590 Hillcrest Road - PO Box 391

Valentine, NE  69201                           Atkinson, NE 68713

     22.  Assignment and Benefit.

     This Agreement  shall not be transferred or assigned in whole or in part by
either  party  without  the  prior  written  consent  of the other  party.  This
Agreement  shall be binding  upon and inure to the  benefit of the  parties  and
their lawful successors and assigns.

     23.  Entire Agreement.

     This instrument  states the entire agreement  between the parties and there
are no other  agreements  or  understandings  whatsoever,  expressed or implied,
relating to the subject matter hereof. All amendments to this Agreement shall be
in writing and signed by both parties.

     24.  Waiver.

     No waiver  by either  party of any  breach of this  Agreement  by the other
party shall be considered a waiver of any succeeding breaches.

     25.  Document Retention.

     Carrier  agrees to obtain  signed  receipts,  upon  forms  satisfactory  to
Shipper,  from all persons to whom Carrier  shall make  deliveries,  and Carrier
shall retain said  receipts for at least two (2) years  following  such delivery
and shall,  upon  request,  make said  receipts  available  to  Shipper  for its
inspection  and/or use.  Carrier  agrees to retain this  Agreement or a true and
correct  copy of the document  for the life of the  Agreement  and for three (3)
years thereafter.

     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Agreement to be
executed by their duly authorized  representatives  as of the day and year first
above written.

                                       NEDAK ETHANOL LLC

                                       By:  /s/ Jerome Fagerland

                                       Title:  President and General Manager

                                       WESTERN OIL TRANS INC

                                       By:  /s/ Mike Danielski

                                       Title:  President

                                    EXHIBIT A

                               TRANSPORTATION RATE

The Freight  charges for  shipments  from the Origin  Loading  Point of Atkinson
Ethanol  Storage  Site to the  Destination  Unloading  Point of O'Neill  Ethanol
Storage Site shall be $0.01299 per gallon unloaded.

                               BULK FUEL SURCHARGE

     1.   Shipper & Carrier agree that the fuel  surcharge is  established  on a
          "cents per gallon"  basis and then  applied to the base rate which was
          established above.

     2.   Each billing date (15th & 30th) the price of the fuel  surcharge  will
          be established  using the price of #2 diesel fuel at a  non-affiliated
          location  such as  Cubby's  in  O'Neill,  NE.  This price will set the
          additional surcharge based on the attached charge.

     3.   The fuel surcharge is fixed to the extent that it does not change from
          the time of tender of shipment during the course of the transportation
          of that shipment.

                       FUEL SURCHARGE PER GALLON UNLOADED

                             $2.499 DIESEL FUEL BASE
                         CHANGE EVERY 25 CENTS INCREASE

                 FUEL PRICE                         SURCHARGE
                 $2.499                                 0
                        --------------------------------
                 $2.749                                .0003
                        -------------------------------
                 $2.999                                .0006
                        -------------------------------
                 $3.249                                .0009
                        -------------------------------
                 $3.499                                .0012
                        -------------------------------
                 $3.749                                .0015
                        -------------------------------
                 $3.999                                .0018
                        -------------------------------

                                    EXHIBIT B

                            FORM OF SHIPPING DOCUMENTExhibit 10.2

EXHIBIT 10.2

                      NEBRASKA NORTHEASTERN RAILWAY COMPANY
                            INDUSTRY TRACK AGREEMENT

THIS INDUSTRY TRACK  AGREEMENT  ("Agreement")  made as of this 24th day of July,
2007, ("Effective Date") by and between NEBRASKA NORTHEASTERN RAILWAY COMPANY, a
Nevada  corporation  ("Railroad"),  and NEDAK ETHANOL,  LLC, a Nebraska  Limited
Liability Company ("Industry").

WHEREAS,  Industry  desires to (i) construct and maintain  railroad track on and
over such rights and  ownership as Railroad may have in certain real property in
or near  O'Neill,  County of Holt,  State of Nebraska as shown in heavy solid on
Exhibit  "A"  and  legally   described  on  Exhibit  "B"  attached   hereto  and
incorporated  herein  ("Railroad  Track");  (ii) construct and maintain railroad
track on and over certain real  property to be leased by Industry,  all as shown
as  heavy  hatched  on  Exhibit  "A" and  legally  described  on  Exhibit  "B-1"
("Industry Track"); and

WHEREAS,  Industry desires that Railroad operate over the Railroad Track and the
Industry Track (collectively,  together with all appurtenances, called "Track"),
to serve an ethanol  transload  facility  operated by Industry in west  O'Neill,
County of Holt, State of Nebraska ("Transload  Facility"),  and Railroad desires
to provide such service, subject to the terms of this Agreement.

NOW,  THEREFORE,  in consideration of the mutual covenants contained herein, the
parties agree as follows:

1.   OWNERSHIP.  Railroad shall own the Railroad  Track,  and Industry shall own
the Industry  Track.  Railroad hereby grants  Industry,  subject to all non-fee,
underlying  or  reversionary  interests,   reservations,   easements  and  other
encumbrances,  of record or otherwise,  including  the rights of the public,  if
any, in and to those  portions of the  property  described  on Exhibit "B" lying
within  boundaries  of  any  public  streets,   alleys  and   thoroughfares,   a
non-exclusive  easement to enter upon  Railroad's real property to construct and
maintain (but not to operate railroad locomotives,  cars or trains) the Railroad
Track pursuant to the terms of this Agreement.

2.   CONSTRUCTION, MAINTENANCE AND OPERATION.

     (a)  Industry  shall be  responsible  for  obtaining,  without  expense  to
Railroad,   all  necessary  real  property  rights  and  public   authority  and
permission,  including  applicable permits, for the construction and maintenance
of the Track hereunder.  Industry shall strictly comply with all laws, statutes,
regulations, ordinances, orders, covenants and restrictions, or decisions of any
court of competent jurisdiction, including, without limitation, those pertaining
to environmental matters (collectively, "Legal Requirements") and other Railroad
requirements relating to the use of the Track, Facilities or Equipment.

     (b)  Industry  shall  at all  times,  and at its  sole  risk  and  expense,
maintain, or cause to be maintained,  the Track and all facilities and equipment
(if any) thereon in a safe and satisfactory condition and in compliance with all
applicable Legal Requirements.  Maintenance means, among other things, providing
proper drainage along the relevant portion of the Track,  expeditiously  keeping
the  Track  free and  clear of snow,  ice,  vegetation,  structures,  and  other

                                       1

obstacles,  maintaining  grade crossing warning devices,  passive warning signs,
gates, fences, barriers, roadways, track drainage facilities, lighting and track
and other  signals.  Industry  shall  assure  that the Track  complies  with the
conditions  of the  Conditional  Use  Permit  issued by the City of  O'Neill  in
connection with the construction of the Transload  Facility.  Without  relieving
Industry from any of its obligations  under this Agreement,  Railroad may refuse
to  operate  over the  Track or use or  enter  the  Facilities  or  contact  the
Equipment whenever Railroad,  in its sole discretion determines that the same is
unsatisfactory for Railroad's operation,  entry or contact. If and when Industry
has remedied such  condition to Railroad's  sole  satisfaction,  railroad  shall
resume  operation  over  the  Track or use of or entry  into the  Facilities  or
contact with the  Equipment.  Railroad's  operation  over the Track or use of or
entry into any  Facility or contact  with any  Equipment  with  knowledge  of an
unsatisfactory  condition is not a waiver of  Industry's  obligations  contained
herein or of  Railroad's  right to recover for or be  indemnified  and  defended
against  such  damages to  property  or injury to or death of  persons  that may
result therefrom.

     (c) Industry shall, at its sole expense, pay all costs for changes, repairs
or  alterations  to the  Industry  Track that may be necessary to conform to any
alterations  of grade  or  relocation  of the  Railroad  Track  at the  point of
connection with the Industry Track, if such alteration of grade or relocation is
required to comply with any Legal  Requirement  or is made for any other  reason
beyond Railroad's reasonable control. Railroad shall provide Industry reasonable
notice should any such changes,  repairs or  alterations be required to Industry
Track.

     (d) If Industry installs any gates or fencing across the Industry Track, or
a track scale,  unloading pit, loading or unloading device,  adjustable  loading
dock,  warehouse  door,  or any  other  structure  (collectively,  "Facilities")
affecting the Industry Track,  Industry shall be solely responsible for assuring
the  safe  and  satisfactory  condition  of the same and  shall  not  allow  any
Facilities to be a source of danger to the safe operation of the Industry Track.
Industry shall also be solely responsible for assuring the safe and satisfactory
condition of all of Industry's  equipment touching,  used in conjunction with or
affecting the Industry Track  ("Equipment") and shall now allow any Equipment to
be  source  of  danger to the safer  operation  of the  Industry  Track.  Before
utilizing or unloading any equipment  spotted onto the Industry Track,  Industry
shall inspect the same and all other  Equipment and Facilities for the safety of
persons working on or about these items to assure compliance with the foregoing.
Industry shall utilize all Facilities, Equipment and spotted equipment so as not
to affect  negatively  safe and  efficient  operation  over the Industry  Track.
Industry  shall,  among other things:  keep any gates across the Industry  Track
open whenever necessary,  in Railroad's  reasonable judgment, to enable Railroad
to safely and efficiently  operate over the Industry Track;  keep unloading pits
securely covered when not in actual use and at all times when the Track is being
switched by Railroad; keep all doors firmly secured; and keep adjustable loading
docks at warehouses  securely fastened in an upright position when not in actual
use and at all times when the Industry Track is being switched by Railroad,

     (e) Railroad may require for safety  purposes  that  Industry,  at its sole
cost and expense,  provide flagmen,  lights, traffic control devices,  automatic
warning  devices,  or any such safety  measure that  Railroad  reasonably  deems
appropriate in connection with Railroad's  operation over the Industry Track. In
the event  Railroad  provides  reasonable  notice to  Industry  that such safety
measures are required, and Industry does not provide such safety measures,  then
Industry  shall  reimburse  Railroad  within thirty (30) days of receipt of bill
therefor for all costs

                                       2

expended  by  Railroad,  including  but not  limited to the  reasonable  cost of
Railroad's Flagman in connection with this Section 2(e).

     (f) In the event the public authority having jurisdiction  thereover orders
the separation of the grade of the Industry Track and any street, road, highway,
other rail line or the like,  Industry will cause the removal and/or  relocation
of the Industry  Track. In the event Industry does not cause such removal and/or
relocation of the Industry  Track,  then Industry shall  reimburse  Railroad all
expenses which Railroad  incurs in connection  with the required  removal and/or
relocation of the Industry Track.

     (g) Neither  Railroad nor Industry  shall  place,  permit to be placed,  or
allow  to  remain,  any  permanent  or  temporary  material,   structure,  pole,
container,   storage  vessel,   above-ground  or  underground   tank,  or  other
obstruction  within 8 1/2 feet  laterally  from the  center  (nine and  one-half
(9-1/2) feet on either side of the centerline of curved Track) or within 24 feet
vertically  from  the  top of the  rail of said  Track  ("Minimal  Clearances"),
provided that if any Legal  Requirement  requires greater  clearances than those
provided for in this Section  2(g),  then Railroad and Industry  shall  strictly
comply  with such  Legal  Requirement.  Industry  shall not place or allow to be
placed any freight car within 250 feet of either side of any at-grade  crossings
on  the  Track.  Railroad's  operation  over  the  Track  with  knowledge  of an
unauthorized reduced clearance will not be a waiver of the covenants of Industry
contained  in this  Section  2(g)  or of  Railroad's  right  to  recover  and be
indemnified and defended by Industry against such damages to property, or injury
to or death of persons, that may result therefrom.

     (h) Upon  termination  of this  Agreement,  the Railroad Track shall be the
sole  property of Railroad  without  further  cost or expense,  and the Industry
Track shall be the sole property of Industry without further cost or expense.

3.   RAIL SERVICE

     (a) Railroad  agrees,  pursuant to the  provisions of this  Agreement,  its
tariffs, circulars, rules and rail transportation contracts, to operate over the
Track in the delivery, placement and removal of railcars consigned to or ordered
by  Industry,  at such times  established  by  Railroad.  Railroad  may also use
Industry Track for its own general or emergency operating  purposes,  so long as
such purposes do not  materially  affect the use of the Industry  Track for rail
service to  Industry,  provided,  further that such use shall not be as a common
carrier subject to the entry or exit jurisdiction of the Surface  Transportation
Board pursuant to the ICC  Termination Act or any other federal or state statute
or regulation.

     (b) Industry  shall not permit the use of the Industry  Track by or for the
account of third parties  without the written  consent of Railroad.  If such use
occurs  without such consent,  Industry  assumes the same  responsibilities,  as
stated in this Agreement for such use as if for its own account.  Railroad shall
not be required to provide rail service to such third parties.

     (c) Railroad shall be deemed to have delivered any railcar  consigned to or
ordered by Industry when such railcar has been placed at the Transload Facility,
so as to allow access by Industry,  and Railroad's locomotive has uncoupled from
the  railcar.  At that time,  Railroad  shall be relieved of all  liability as a
carrier or as a bailee,  and possession of the railcar and its contents

                                       3

shall be  transferred  to Industry.  Similarly,  any obligation of Railroad as a
carrier or as a bailee  shall not begin until it has coupled its  locomotive  to
the loaded railcar and departed the Transload facility.

     (d) Industry is  responsible  for all railcars and their  contents while in
Industry's  possession and assumes all  responsibility for payment of all damage
to any rail and its contents that may occur during that time,  even if caused by
third parties.

     (e) If  Railroad is unable to deliver a railcar at the  Transload  Facility
for loading or unloading  due to the acts of Industry or any third  party,  then
such railcar will be considered as constructively  placed for demurrage purposes
at the time of attempted delivery.

4.   TERM. Unless earlier terminated as provided herein,  this Agreement will be
in force  for the term of five (5)  years  from  the  Effective  Date,  and will
automatically continue thereafter until terminated by either party giving to the
other thirty (30) days' written notice.

5.   INDEMNITY.

     (a) For purposes of this Agreement:  (i)  "Indemnitees"  means Railroad and
Railroad's   affiliated  companies,   partners,   successors,   assigns,   legal
representatives,  officers, directors, shareholders,  employees and agents; (ii)
"Liabilities" means all claims,  liabilities,  fines, penalties, costs, damages,
losses,  liens,  causes  of  action,  suits,  demands,  judgments  and  expenses
(including,  without  limitation,  court costs,  reasonable  attorneys' fees and
costs of  investigation,  removal and  remediation  and  governmental  oversight
costs)  environmental or otherwise;  and (iii) "Industry Parties" means Industry
or Industry's officers, agents, invitees, licensees,  employees, or contractors,
or any party  directly or indirectly  employed by any of them, or any party they
control or exercise control over.

     (b) INDUSTRY SHALL RELEASE,  INDEMNIFY,  DEFEND,  AND HOLD THE  INDEMNITEES
HARMLESS FROM AND AGAINST ANY LIABILITIES ARISING OUT OF OR RELATED TO (IN WHOLE
OR IN PART) ANY CLAIM RESULTING FROM THE OPERATION OF RAIL LOCOMOTIVES, CARS, OR
TRAINS  OVER ANY  PUBLIC OR PRIVATE  CROSSING  LOCATED  ON THE  INDUSTRY  TRACK,
REGARDLESS OF ANY NEGLIGENCE OR STRICT LIABILITY OF ANY INDEMNITEE.

     (c) INDUSTRY SHALL RELEASE,  INDEMNIFY,  DEFEND,  AND HOLD THE  INDEMNITEES
HARMLESS FROM AND AGAINST ANY LIABILITIES ARISING OUT OF OR RELATED TO (IN WHOLE
OR IN PART) ANY CLAIM  THAT BY  VIRTUE OF THE USE OF THE TRACK  CONTEMPLATED  IN
THIS  AGREEMENT,  UNDER CERCLA OR OTHER  ENVIRONMENTAL  LAWS  RAILROAD IS (I) AN
"OWNER",  "OPERATOR",  "ARRANGER" OR  "TRANSPORTER" OF THE INDUSTRY TRACK OR THE
FACILITY,  OR (II)  OTHER  THAN A COMMON  CARRIER  WITH  RESPECT  TO THE  TRACK,
REGARDLESS OF ANY NEGLIGENCE OR STRICT LIABILITY OF ANY INDEMNITEE.

     (d) IF ANY EMPLOYEE OF ANY  INDUSTRY  PARTY CLAIMS HE OR SHE IS AN EMPLOYEE
OF ANY INDEMNITEE, INDUSTRY SHALL INDEMNIFY AND

                                       4

HOLD THE INDEMNITEES HARMLESS FROM AND AGAINST ANY LIABILITIES ARISING OUT OF OR
RELATED TO (IN WHOLE OR IN PART) ANY SUCH CLAIM, INCLUDING,  BUT NOT LIMITED TO,
CLAIMS  RELATED  TO  PROCEEDINGS  UNDER OR  RELATED  TO THE  FEDERAL  EMPLOYERS'
LIABILITY  ACT,  THE SAFETY  APPLIANCE  ACT,  THE  BOILER  INSPECTION  ACT,  THE
OCCUPATIONAL HEALTH AND SAFETY ACT, THE RESOURCE  CONSERVATION AND RECOVERY ACT,
AND ANY SIMILAR STATE OR FEDERAL  STATUTE AND  REGARDLESS  OF ANY  NEGLIGENCE OR
STRICT LIABILITY OF ANY INDEMNITEE RELATED TO SUCH CAUSES OF ACTION.

     (e) INDUSTRY SHALL RELEASE,  INDEMNIFY,  DEFEND,  AND HOLD THE  INDEMNITEES
HARMLESS FROM AND AGAINST ANY LIABILITIES ARISING OUT OF OR RELATED TO (IN WHOLE
OR IN PART) ANY CLAIM  RESULTING  FROM ANY BREACH BY INDUSTRY OF THIS  AGREEMENT
THAT HAS NOT BEEN CURED AS PROVIDED HEREIN.

     (f) Upon  written  notice  from  Railroad,  Industry  agrees to assume  the
defense of any lawsuit or other proceeding brought against any Indemnitee by any
entity,  relating to any matter covered by this Agreement for which Industry has
an  obligation  to  assume  liability  for  and/or  save and hold  harmless  any
Indemnitee.  Industry shall pay all costs  incident to such defense,  including,
but not limited to, reasonable  attorneys' and investigators'  fees,  reasonable
litigation  and  appeal  expenses,  settlement  payments,  and  amounts  paid in
satisfaction of judgments.

6.   INSURANCE.

     (a)  Industry  shall,  at its sole cost and  expense,  procure and maintain
during the life of this Agreement the following insurance coverage:

          (i) Commercial  General  Liability  insurance that contains broad form
     contractual  liability  with  a  combined  single  limit  of a  minimum  of
     $1,000,000 each  occurrence and an aggregate limit of at least  $2,000,000.
     Coverage must be purchased on a post 1998 ISO  occurrence or equivalent and
     include  coverage  for,  but not  limited to Bodily  Injury,  and  Property
     Damage, Products and completed operation.  The contract shall be amended if
     necessary  to remove any  exclusion  or other  limitation  for any activity
     within 50 feet of railroad property.

          (ii) Workers  Compensation and Employers Liability insurance including
     coverage for, but not limited to:

               (A)   Industry's   statutory   liability   under   the   worker's
          compensation  laws  of  the  state(s)  in  which  the  work  is  to be
          performed.  If optional  under State law, the insurance must cover all
          employees anyway.

               (B)  Employers'  Liability  (Part  B)  with  limits  of at  least
          $500,000 each accident,  $500,000 by disease policy limit, $500,000 by
          disease each employee.

          (iii) Automobile  liability  insurance  covering owned,  non-owned and
          leased vehicles for limits not less than $1,000,000 per occurrence.

                                       5

     (b) In  addition,  Industry  shall  comply  with the  following  additional
requirements with respect to such insurance:

          (i) Any  insurance  policy  shall be written by a reputable  insurance
     company  with a current  Best's Guide Rating of A- and Class VII or better,
     and authorized to do business in the state(s) in which the service is to be
     provided.  If  any  portion  of the  operation  is to be  subcontracted  by
     Industry,  Industry  shall  require  that  the  Subcontractor  provide  and
     maintain insurance coverage as set forth herein.

          (ii)  Prior  to  commencing  operations  governed  by this  Agreement,
     Industry  shall  furnish  to  Railroad  an  acceptable   certificate(s)  of
     insurance including an original signature of the authorized  representative
     evidencing  the  required  coverage,   endorsements,   and  amendments  and
     referencing the contract audit/folder number if available.  The policy(ies)
     shall contain a provision that obligates the insurance company(ies) issuing
     such  policy(ies)  to notify  Railroad in writing at least 30 days prior to
     any  cancellation  or  non-renewal  with such  provision  indicated  on the
     Certificate  of  insurance.  In the event of a claim or  lawsuit  involving
     Railroad  arising out of this  agreement,  Industry will make available any
     required policy covering such claim or lawsuit.

          (iii)  Failure  to  provide  evidence  as  required  by  this  Section
     5(b)(iii)  shall  entitle,  but not  require,  Railroad to  terminate  this
     Agreement  immediately  if such failure is not remedied by Industry  within
     five (5) days from notice by Railroad.  Acceptance  of a  certificate  that
     does not  comply  with  this  section  shall  not  operate  as a waiver  of
     Industry's  obligations  hereunder.  The fact  that  insurance  (including,
     without  limitation,  self-insurance)  is obtained by Industry shall not be
     deemed to release or diminish the liability of Industry including,  without
     limitation,  liability  under the indemnity  provisions of this  Agreement.
     Damages  recoverable  by Railroad shall not be limited by the amount of the
     required insurance coverage.

     (c) All insurance  maintained by Industry under this  Agreement  shall name
Railroad as an additional insured.

     (d)  Industry  and  Railroad  each agree to cause to be  included  in their
respective  policies of insurance the agreement of the insurer thereof that said
policies shall not be  invalidated  by a waiver of claim by the insured  against
Industry or Railroad, as the case may be, and each will furnish evidence thereof
to the other.  Each party hereto does hereby  remise,  release and discharge the
other party hereto, and any officer,  agent,  employee or representative of such
party, of and from any liability  whatsoever hereafter arising from loss, damage
or injury for which insurance  (permitting  waiver of liability and containing a
waiver of  subrogation)  is required to be carried by the injured party pursuant
to the term of this Agreement at the time of such loss, damage or injury.

7.   DEFINITION OF COST AND EXPENSE.  For the purpose of this Agreement,  "cost'
or "costs" "expense" or "expenses" includes, but is not limited to, actual labor
and material costs including all assignable  additives,  and material and supply
costs at current value where used. In the event that Industry  shall fail to pay
any monies due to Railroad  within thirty (30) days after

                                       6

the invoice date,  then Industry shall pay interest on such unpaid sum from such
due date until paid at an annual  rate equal to the lesser of (i) the prime rate
last  published in The Wall Street Journal for the month in which the sum begins
to accrue  plus two and  one-half  percent (2 1/2%),  or (ii) the  maximum  rate
permitted by law.

8.   RIGHT OF RAILROAD TO  CONSTRUCT  FUTURE  FACILITIES.  Railroad  retains the
right,  without  liability to the  Industry or any other party,  to construct or
allow to be  constructed  upon its  property  other  facilities,  and to use its
property in any manner,  provided that such  construction  shall not  materially
interfere with the use of the Railroad Track as described herein. Railroad shall
provide  Industry  with  at  least  thirty  (30)  days'  written  notice  of the
commencement of such construction.

9.   PUBLIC ASSESSMENTS. Industry shall timely pay all compensation, assessments
and levies required at any time by any public  authority,  entity, or person for
the privilege of maintaining  and operating the Industry  Track.  Industry shall
not cause any  liens to be filed  against  the  Railroad  Track or any  Railroad
property.  In the  event  any such  liens  are  filed as a result  of  action or
inaction by  Industry,  Industry  shall  cause such liens to be released  within
fifteen (15) days.

10.  NOTIFICATION REQUIREMENTS

     (a)  Industry  shall give  immediate  notice to  Railroad of any release of
hazardous  substances  on or from the Track,  violation of  environmental  Legal
Requirements,  or inspection or inquiry by governmental authorities charged with
enforcing environmental Legal Requirements with respect to Industry's use of the
Track. Industry shall use the best efforts to promptly respond to any release on
or from the Track.  Industry  also shall give Railroad  immediate  notice of all
measures undertaken on behalf of Industry to investigate,  remediate, respond to
or otherwise cure such release or violation.

     (b) In the event that  Railroad has notice from  Industry or otherwise of a
release or violation of  Environmental  Laws on the Track which  occurred or may
occur  during the term of this  Agreement,  Railroad  may require  Industry,  at
Industry's  reasonable risk and expense, to take timely measures to investigate,
remediate,  respond to or otherwise cure such release or violation affecting the
Track or Railroad's property.

     (c) Industry shall promptly report to Railroad in writing any conditions or
activities  upon the  Facility or Track which  create a risk of harm to persons,
property or the  environment  and shall take  whatever  action is  necessary  to
prevent  injury  to  persons  or  property  arising  out of such  conditions  or
activities;  provided,  however, that Industry's reporting to Railroad shall not
relieve Industry of any obligation  whatsoever  imposed on it by this Agreement.
Industry shall promptly respond to Railroad's request for information  regarding
said conditions or activities.

11.  DEFAULT.  The following events shall  constitute  defaults  hereunder:  (a)
creating or allowing to remain any condition,  including without limitation, any
environmental  condition,  on or about the Track, which in Railroad's reasonable
judgment  interferes  with or  endangers  the  operations  of  Railroad;  or (b)
defaults on any of the  covenants or  agreements  of Industry  contained in this
document.

                                       7

12.  TERMINATION.

     (a) In  addition  to all  other  remedies  available  at law or in  equity,
Railroad  may,  without  incurring  any  liability to Industry,  terminate  this
Agreement  and  discontinue  operation  on and over the  Track  and  remove  the
Railroad Track, in the event of any of the following events:

          (i) any default as  described  in Sections 11 (a) or (b) occurs and is
          not  remedied to  Railroad's  reasonable  satisfaction  within 30 days
          after Industry's receipt of written notice of such default;

          (ii)  Railroad is authorized  by the Surface  Transportation  Board to
          abandon its line to which said Track is connected; or

          (iv) Railroad is  dispossessed  of the right to operate over the Track
          or its  connecting  track or any part thereof,  Railroad may terminate
          this Agreement effective immediately by written notice to Industry.

     (b) Industry  hereby  agrees to waive and release all claims,  rights,  and
causes of action that Industry has or may have against  Railroad  because of the
discontinuance  of operation  and removal of the  Railroad  Track as provided in
this Section 12.

13.  ASSIGNMENT. This Agreement will inure to the benefit of and be binding upon
the successors and assigns of the parties hereto. Either party hereto may assign
this Agreement;  provided,  however,  that such assignments will not relieve the
assignor of any of its rights or obligations under this Agreement.

14.  NOTICES.  Any notice required or permitted to be given hereunder must be in
writing and the same shall be given and will be deemed to have been given if (i)
placed in the United States mail, certified,  return receipt requested,  or (ii)
deposited  into  the  custody  of a  nationally  recognized  overnight  delivery
service,  addressed to the party to be notified at the address  specified below,
or to such other address as the party to be notified may designate by giving the
other party no less than thirty (30) days' advance written  notice.  The address
for such notice  shall be the address  set forth below each  party's  signature,
which may be changed by written notice to the other party.

15.  SURVIVAL. Neither termination nor expiration will release either party from
any  liability  or  obligation  under this  Agreement,  whether of  indemnity or
otherwise,  resulting from any acts,  omissions or events happening prior to the
date of termination or expiration.

16.  MISCELLANEOUS

     (a) This Agreement must not be placed of public record.

     (b) To the maximum extent  possible,  each provision of this Agreement must
be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this  Agreement is prohibited  by, or held to be invalid
under,  applicable law, such provision will be ineffective  solely to the extent
of such prohibition or invalidity, and this will not

                                       8

invalidate  the  remainder  of such  provision  or any other  provision  of this
Agreement.  All  questions  concerning  the  interpretation  or  application  of
provisions of this Agreement must be decided  according to the laws of the State
of Nebraska.

     (c) This Agreement is the full and complete  agreement between Railroad and
Industry with respect to all matters  relating to the  maintenance and operation
of the Track and  supersedes  all other  agreements  between the parties  hereto
relating to the maintenance and operation of the Track. However,  nothing herein
is intended to terminate  any  surviving  obligation  of Industry or  Industry's
obligation to defend and hold Railroad  harmless in any prior written  agreement
between the parties.

     (d) The  waiver  by  Railroad  of the  breach  of any  provision  herein by
Industry  shall in no way impair the right of Railroad to enforce that provision
for  any  subsequent  breach  thereof.   All  remedies  provided  hereunder  are
cumulative  and are in addition  to all other  remedies  available  at law or in
equity.

     (e) This  Agreement  is also made for the  benefit of such other  railroads
that,  either by agreement with Railroad or order of competent public authority,
have  the  right  to use the  Track,  all of which  railroads  shall  be  deemed
"Railroad" under this Agreement.

                                       9

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

                                       RAILROAD:

                                       NEBRASKA NORTHEASTERN RAILWAY COMPANY

                                       By: /s/ Dennis L. Prewett
                                       Name:   Dennis L. Prewett
                                       Title:  President

                                       Address for notices:

                                       Nebraska Northeastern Railway Company
                                       c/o TNW Corporation
                                       5430 LBJ Freeway, Suite 1444
                                       Dallas, Texas  75240

                                       INDUSTRY:

                                       NEDAK ETHANOL, LLC

                                       By: /s/ Jerome Fagerland
                                       Name:   Jerome Fagerland
                                       Title:  President

                                       Address for notices:

                                       NEDAK Ethanol, LLC
                                       87590 Hillcrest Road
                                       Atkinson, Nebraska 68713

                                       10

                                   EXHIBIT "A"

                                       11

                                   EXHIBIT "B"

A  non-exclusive  easement for railroad tract over those portions of Section 30,
T29N, R11W of the 6th P.M. in Holt County,  Nebraska,  described  according to a
centerline description as follows:

COMMENCING at the southeast  corner of Block 43, Rigg's  Addition to the City of
O'Neill, Holt County, Nebraska; thence S 00(degree)04'37" W (assumed bearing) on
the  west  line  of  1st  Street,  a  distance  of  29.10  feet;   thence  on  a
non-tangential curve with the last course,  concaved northerly,  having a radius
of  764.47  feet,  a chord  distance  of 83.9  feet,  and a chord  bearing  of S
89(degree)43'34"  E, an arc distance of 83.94 feet, to the east line of said 1st
Street;  thence continuing easterly on last described curve with a chord bearing
of N  83(degree)54'35"  E and a chord distance of 85.84 feet, an arc distance of
85.89 feet,  to a point of  tangency;  thence  continuing  on said  centerline N
80(degree)41'30"  E, a distance of 241.82 feet, to the  southerly  line of Grant
Street,  also being the true POINT OF  BEGINNING  of an  18.5-foot  right-of-way
easement lying within Grant Street;  thence continuing N 80(degree)41'30" E on a
centerline with 10 feet on the south side measured radially from said centerline
and with 8.5 feet on the north side measured  radially from said  centerline,  a
distance  of 108.62  feet,  to the  beginning  of a  tangential  curve  concaved
southerly,  having a radius of 1,015.42  feet, a chord  distance of 163.88 feet,
and a chord  bearing  of N  85(degree)19'14"  E;  thence  northeasterly,  an arc
distance  of 164.07  feet on said curve,  along said  centerline,  to a point of
tangency;  thence continuing on said centerline N 89(degree)56'44" E, a distance
of 623.78 feet, to the west line of 4th Street;  thence N  89(degree)14'39" E on
said  centerline  with 10 feet on the south  side  measured  radially  from said
centerline  and with 8.5 feet on the  north  side  measured  radially  from said
centerline,  239.49  feet,  to the  beginning  of a  tangential  curve  concaved
southerly,  having a radius of 2,155.07  feet, a chord  distance of 703.76 feet,
and a chord bearing of S 81(degree)21'30" E; thence easterly, an arc distance of
706.92 feet on said curve along said centerline,  to a point of tangency; thence
S  71(degree)57'40"  E, 22.53  feet,  to a point on the east line of 6th Street,
said point  being  73.90 feet south of the  northwest  corner of Block 1, Fahy's
Addition, to the City of O'Neill, Holt County,  Nebraska,  said point also being
on the  centerline of the existing  track of the Nebraska  Northeastern  Railway
Company.

                                       12

                                  EXHIBIT "B-1"

That part of Section 30, T29N,  R11W of the 6th P.M. in Holt  County,  Nebraska,
described by a centerline as follows:

COMMENCING at the southeast  corner of Block 43, Rigg's  Addition to the City of
O'Neill, Holt County, Nebraska; thence S 00(degree)04'37" W (assumed bearing) on
the west line of 1st  Street,  a distance  of 29.10  feet,  to the true POINT OF
BEGINNING of an 18.5-foot wide strip of land; thence easterly on a centerline of
said  strip of land,  with 10 feet of said  strip  lying on the  southerly  side
measured  radially from said centerline and with 8.5 feet of said strip lying on
the northerly side measured  radially from said centerline,  on a non-tangential
curve with the last course, concaved northerly,  having a radius of 764.47 feet,
a chord distance of 83.90 feet and a chord bearing of S  89(degree)43'34"  E, an
arc  distance  of 83.94  feet,  to the  east  line of said  1st  Street;  thence
continuing   on  the  last   described   curve   with  a  chord   bearing  of  N
83(degree)54'35"  E and a chord distance of 85.84 feet, an arc distance of 85.89
feet,  to  a  point  of  tangency;   thence  continuing  on  said  centerline  N
80(degree)41'30"  E, a distance of 241.82 feet, to the  southerly  line of Grant
Street, also being the point of termination, containing 0.138 acre of land, more
or less.

AND:

Those parts of Section 25, T29N,  R12W,  and Section 30,  T29N,  R11W of the 6th
P.M. in Holt County,  Nebraska,  described by a boundary description as follows:

COMMENCING at the southeast  corner of Block 43, Rigg's  Addition to the City of
O'Neill,  Holt  County,  Nebraska,  said point  also being on the  northeasterly
right-of-way  line of the  Cowboy  Trail,  formerly  known as the  northeasterly
right-of-way  line of  Chicago  and  Northwestern  Railroad,  and  assuming  the
northeasterly  right-of-way  line of said  Cowboy  Trail to have a bearing  of S
80(degree)40'55"  E;  thence  S  80(degree)40'55"  E and on  said  northeasterly
right-of-way   line,   80.81  feet,  to  the  POINT  OF   BEGINNING;   thence  S
80(degree)40'55"  E and on said  northeasterly  right-of-way  line, 124.10 feet;
thence  S  77(degree)08'28"  W,  5.91  feet,  to  a  point  on a  curve;  thence
southwesterly on a 782.49-foot radius curve concaved northwesterly, 327.73 feet,
with a chord bearing of S  89(degree)08'23" W and chord distance of 325.34 feet;
thence  N   78(degree)51'42"   W,  434.10  feet;   thence   southwesterly  on  a
5,711.65-foot  radius curve concaved  southwesterly,  118.56 feet,  with a chord
bearing of N  79(degree)27'23"  W and chord  distance of 118.56  feet;  thence N
80(degree)03'04"  W, 5,928.92  feet;  thence N  09(degree)56'56"  E, 43.00 feet;
thence S 80(degree)03'04"  E, 859.12 feet; thence S  85(degree)15'22"  E, 184.57
feet; thence southeasterly on a 789.49-foot radius curve concaved southwesterly,
71.72 feet, with a chord bearing of S 82(degree)39'13" E and a chord distance of
71.70 feet; thence S 80(degree)03'04" E, 1,376.76 feet; thence  southeasterly on
a 189.49-foot  radius curve  concaved  southwesterly,  71.72 feet,  with a chord
bearing of S  77(degree)26'55"  E and a chord  distance of 71.70 feet;  thence S
74(degree)50'46"  E, 184.57 feet;  thence S  80(degree)03'04"  E, 3,182.17 feet;
thence  southeasterly  on a 5,754.65-foot  radius curve concaved  southwesterly,
119.45 feet, with a chord bearing of S  79(degree)27'23"  E and a chord distance
of 119.45 feet; thence S 78(degree)51'42"  E, 434.10 feet; thence  southeasterly
on a 739.49-foot radius curve concaved  northeasterly  202.03 feet, with a chord
bearing of S  86(degree)41'19"  E and a chord  distance of 201.40  feet,  to the
point of beginning.

                                       13

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