ASSIGNMENT and PLEDGE AGREEMENT (Electric Service Agreement)

Exhibit 10.4

ASSIGNMENT and PLEDGE AGREEMENT

(Electric Service Agreement)

     Amaizing Energy, LLC (“Assignor”), an Iowa limited liability company, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby grants, pledges, and assigns to CoBank, ACB (“Assignee”), all of Assignor’s right, title and interest in and to:

That certain Agreement for Electric Service (“Agreement for Electric Service”) between Assignor, and Xxxxxxxx County Rural Electric Cooperative. (“Xxxxxxxx County REC”) dated as of October 29, 2004, pursuant to which the Xxxxxxxx County REC will transmit and distribute electric power and energy to Assignor pursuant to the terms contained in such Agreement for Electric Service

to secure payment and performance of all obligations of Assignor to Assignee under that certain Master Loan Agreement, that certain Construction and Revolving Term Loan Supplement, that certain Statused Revolving Credit Supplement, and that certain Non-Revolving Credit Supplement, all between Assignor and Assignee, which by this reference are made a part hereof.

     It is the intention of Assignor that by this assignment Assignee shall acquire all of the rights previously enjoyed by Assignor as owner under the Agreement for Electric Service and that Assignee shall be a secured creditor holding a security interest in the Agreement for Electric Service.

     Assignor agrees to execute such other documents as may reasonably be requested by Assignee, from time to time to evidence the above and foregoing assignment.

Dated: February 11 , 2005	Amaizing Energy, LLC
	By:	/s/ Xxx X. Xxxxxxx
		Xxxxxx Xxxxxxx, Chairman

By its execution hereof, Xxxxxxxx County Rural Electric Cooperative consents to and acknowledges the foregoing collateral assignment of the described agreement.

		Xxxxxxxx County Rural Electric Cooperative
Dated February          , 2005		By:
				Its:
STATE OF IOWA                     )
)ss.
COUNTY OF XXXXXXXX      )

     On this 11^th day of February, 2005, before me, the undersigned, a Notary Public personally appeared Xxxxxx Xxxxxxx, Chairman of Amaizing Energy,LLC on behalf of said entity, who executed the foregoing instrument, and acknowledged that he executed the same as his voluntary act and deed.

	SEAL     XXXXX X. XXXXXX			/s/ Xxxxx Xxxxxx
	Commission Number 727183			Xxxxx Xxxxxx      Notary Public
	My Commission Expires			In and for said Xxxxx
	Xxxxx 0, 0000			Xx commission expires: Xxxxx 0, 0000

XXXXX OF                                  )

                                                      )ss.

COUNTY OF                               )

     On this                      day of February, 2005, before me, the undersigned, a Notary Public, personally appeared                                         , the                                          of Xxxxxxxx County Rural Electric Cooperative on behalf of said entity, who executed the foregoing instrument, and acknowledged that s/he executed the same as his/her voluntary act and deed.

                                                                                  
                                                                                 Notary Public
In and for said State
My commission expires: