[Stearns Bank Letterhead]

Borrower:

Husker Ag, LLC

Extension:  90 day extension of the $20,000,000 construction loan.  Begin P&I payments based on a 7 year amortization.  Change the interest rate to 1.25% over the WSJP Index, adjusting daily.

Covenants:

Add the following covenants:

a)  No distributions without prior lender approval and issuance of the USDA Loan Note Guaranty.

b)  Minimum 40% balance sheet tangible net worth must be maintained.

c)  Debt Service Coverage Ratio of at least 1.20x after distributions.

Prepayment Penalty:

3% prepayment penalty

Loan Amount:

Loan A - $8,837,300 - 70% USDA Guaranty loan-amortized over 15 years.

Loan B - $8,837,300 conventional loan - amortized over 7 years

Loan C - $1,505,900 conventional loan - amortized over 3 years (requires a principal reduction of $819,500)

Interest Rate:

Prime plus 1.25%, adjusted quarterly

Closing Costs:

Conversion Fee ($116,277.80), 2% USDA Fee ($123,722.20)

Collateral:

Collateral on Loan A & B will be as follows on a pari passu basis with USDA:

•          A first real estate mortgage on the proposed real estate project located in Plainview, Nebraska (legal to govern).

•          A first Security Agreement/Financing Statement covering accounts receivable, inventory, equipment and fixtures, along with personal property and general intangibles.

Loan C will have a second position on the above collateral.

Guarantee:

Permanent loan A is subject to a 70% USDA Guaranteed Loan

Prepayment Premium:

5% of balance in year one, 4% of balance in year two, 3% of balance in year three, 2% of balance in year four, and 1% of balance in year five.

Escrows:

An escrow account must be maintained with Lender from which real estate taxes will be paid.

Equity:

A minimum of 40% tangible balance sheet equity must be maintained.

Covenants:

To be determined with USDA Rural Development

Financial Information:

The following financial information will be required:

a)      Fiscal year-end audited statement prepared by an independent CPA firm;

b)     Annual tax returns, including all supporting schedules;

c)      Quarterly interim financial statements prepared internally or by a CPA firm