EXTENSION OF OPTION TO PURCHASE

Exhibit 99.1

Prepared by:
Xxxx Xxxxxxx, Xxxxxxxx xx Xxx, XXXX #0000, 000 X. Xxxxxxxx Xxxxxx, Post Office Xxx 000, Xxxx Xxxxxx, XX 00000, 712-472-2567

EXTENSION OF OPTION TO PURCHASE

This Agreement is between Xxxx X. Xxxxxxxx and Xxxxx X. Xxxxxxxx, husband and wife, Xxxxx X. Xxxxxxxx and Xxxxxxx X. Xxxxxxxx, husband and wife, Xxxx X. Xxxxxxxx and Xxxxx X. Xxxxxxxx, husband and wife, Xxxxxx X. Xxxxxxxx and Xxxxx X. Xxxxxxxx, husband and wife, hereafter referred to as First Parties and Victory Renewable Fuels, LLC, hereafter referred to as Second Party

WHEREAS, the Parties entered into an Option to Purchase on the following described real estate:

That part of the Southwest Quarter (SW ¹/4) of Section Twenty (20), lying West of the Great Northern Railroad Right-of-Way in Township Ninety-Nine (99) North, Range Forty-Six (46), West of the 5^th P.M., Lyon County, Iowa.

and;

WHEREAS, the Parties desire to extend said Option to Purchase.

IT IS AGREED as follows:

	1.		The Option shall be extended until January 1, 2008 unless extended in writing by the parties.
	2.		All other terms shall remain the same.
	3.		The Parties agree to execute a Memorandum of this Agreement to be recorded.

Dated this 15^th day of June 2007.

/s/ Xxxxx X. Xxxxxxxx		/s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx		Xxxxx X. Xxxxxxxx
/s/ Xxxxx X. Xxxxxxxx		/s/ Xxxxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx		Xxxxxxx X. Xxxxxxxx
/s/ Xxxx X. Xxxxxxxx		/s/ Xxxxx X. Xxxxxxxx
Xxxx X. Xxxxxxxx		Xxxxx X. Xxxxxxxx
/s/ Xxxxxx X. Xxxxxxxx		/s/ Xxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxxx		Xxxxx X. Xxxxxxxx

FIRST PARTIES

VICTORY RENEWABLE FUELS LLC

BY:		/s/ Xxxxx X. Xxxx
				Its           Sec.
BY:		/s/ Xxxxx X. Xxxxxxx
				Its          Pres.

SECOND PARTY

STATE OF IOWA, COUNTY OF LYON, ss:

On this 15^th day of June, 2007, before me, the undersigned, a Notary Public in for said State, personally appeared Xxxxx X. Xxxxxxxx and Xxxxx X. Xxxxxxxx, husband and wife, to me known to be the identical person named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed.

[		(SEAL)          XXXXX XXXXX		]
[		Commission Number 717910		]				/s/ Xxxxx Xxxxx
[		MY COMMISSION EXPIRES		]				NOTARY PUBLIC
[		Aug 12, 2008		]

STATE OF IOWA, COUNTY OF LYON, ss:

On this 15^th day of June, 2007, before me, the undersigned, a Notary Public in for said State, personally appeared Xxxxx X. Xxxxxxxx and Xxxxxxx X. Xxxxxxxx, husband and wife, to me known to be the identical person named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed.

[		(SEAL)          XXXXX XXXXX		]
[		Commission Number 717910		]				/s/ Xxxxx Xxxxx
[		MY COMMISSION EXPIRES		]				NOTARY PUBLIC
[		Aug 12, 2008		]

0

XXXXX XX XXXX, XXXXXX XX XXXX, ss:

On this 15^th day of June, 2007, before me, the undersigned, a Notary Public in for said State, personally appeared Xxxx X. Xxxxxxxx and Xxxxx X. Xxxxxxxx, husband and wife, to me known to be the identical person named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed.

[		(SEAL)          XXXXX XXXXX		]
[		Commission Number 717910		]				/s/ Xxxxx Xxxxx
[		MY COMMISSION EXPIRES		]				NOTARY PUBLIC
[		Aug 12, 2008		]

STATE OF IOWA, COUNTY OF LYON, ss:

On this 15^th day of June, 2007, before me, the undersigned, a Notary Public in for said State, personally appeared Xxxxxx X. Xxxxxxxx and Xxxxx X. Xxxxxxxx, husband and wife, to me known to be the identical person named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed.

[		(SEAL)          XXXXX XXXXX		]
[		Commission Number 717910		]				/s/ Xxxxx Xxxxx
[		MY COMMISSION EXPIRES		]				NOTARY PUBLIC
[		Aug 12, 2008		]

STATE OF IOWA, COUNTY OF LYON, ss:

On this 25^th day of June, 2007, before me, the undersigned, a Notary Public in and for said State, personally appeared Xxxxx X. Xxxx and Xxxxx X. Xxxxxxx to me personally known, who being by me duly affirmed did say that the persons are Secretary and President of said limited liability company, that said instrument was signed on behalf of said limited liability company by authority of its Managers and the said Secretary and President acknowledged the execution of said instrument to be the voluntary act and deed of said limited liability company, by it voluntarily executed.

		/s/ Xxxxxx Xxxxx
		NOTARY PUBLIC
		[		(SEAL)          XXXXXX XXXXX		]
		[		Commission Number 713856		]
		[		MY COMMISSION EXPIRES		]
		[		NOVEMBER 30, 2007		]

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