Common use of Acknowledgment of Debt Clause in Contracts

Acknowledgment of Debt. HLBE acknowledges that the principal balances owed AgStar and evidenced by the Notes as of December 1, 2012, are as set forth in the Recitals set forth above. In addition to the outstanding principal balances, interest will continue to accrue on such indebtedness and AgStar has incurred, and will continue to incur, costs and legal expenses as a result of HLBE’s defaults under the Loan Documents which amounts are, in accordance with the terms of the Loan Documents, due and payable by HLBE.

Acknowledgment of Debt. HLBE acknowledges that the principal balances owed AgStar and evidenced by the Notes as of December 1the May 9, 20122013, are as set forth in the Recitals set forth above. In addition to the outstanding principal balances, interest will continue to accrue on such indebtedness and AgStar has incurred, and will continue to incur, costs and legal expenses as a result of HLBE’s defaults under the Loan Documents which amounts are, in accordance with the terms of the Loan Documents, due and payable by HLBE.

Acknowledgment of Debt. HLBE acknowledges that the principal balances owed AgStar and evidenced by the Notes as of December 1, 2012, the Effective Date are as set forth in the Recitals set forth above. In addition to the outstanding principal balances, interest will continue to accrue on such indebtedness and AgStar has incurred, and will continue to incur, costs and legal expenses as a result of HLBE’s defaults under the Loan Documents which amounts are, in accordance with the terms of the Loan Documents, due and payable by HLBE.