AMENDED AND RESTATED RAILCAR LEASE AGREEMENT

This Amended and Restated Railcar Lease Agreement, dated as of March 25, 2009 (the “Lease”), is made by and between Xxxxx North America, Inc., a New York corporation (“Lessor”) and Southwest Iowa Renewable Energy, LLC, an Iowa limited liability company (“Lessee”).

WHEREAS, the parties previously entered into that certain Railcar Sublease Agreement dated as of June 25, 2007 (the “2007 Lease”) relating to Lessor’s provision of certain railcars (consisting of 325 tank cars and 300 grain xxxxxx cars) for Lessee’s use in connection with its ethanol operations; and

WHEREAS, Lessor is leasing the Cars from a different railcar lessor (the “Equipment Lessor”) than contemplated in the 2007 Lease under the terms of a Lease Agreement with the Equipment Lessor (the “Equipment Lease”); and

WHEREAS, the parties have agreed to certain changes to the 2007 Lease to reflect Lessor’s purchase and subsequent sale/leaseback of the Cars, and therefore desire to amend and restate the 2007 Lease in its entirety;

NOW, THEREFORE, the parties agree as follows:

1.Lease Agreement; Reliance. Subject to the terms and conditions of this Lease and the Equipment Lease, Lessor shall furnish and Lease to Lessee, and Lessee shall accept and lease from Lessor, the railcars (each, a “Car” and collectively, the “Cars”) set forth on Riders 1 and 2 attached hereto.

2.Delivery. Except as provided otherwise in this Lease, Lessor agrees to deliver each Car to Lessee, freight charges collect, to Lessee’s facility in Council Bluffs, Iowa, and Lessee agrees to accept such delivery.

3.Condition of Cars – Acceptance.

(a)All cars delivered under this Lease shall be in compliance with all applicable laws and industry and government regulations and rules, including, without limitation, the Association of American Railroad Rules for the Interchange of Freight Cars (the “Interchange Rules”), in satisfactory condition for movement in the normal interchange of rail traffic, empty, clean, and free of residue; but Lessee shall be solely responsible for determining that cars are in proper condition for loading and shipment, except for those responsibilities which, under applicable law and regulations, have been assumed by the railroads. Lessee shall inspect cars promptly after they are delivered and shall notify Lessor in writing within three business days after delivery of its rejection of any car, and the specific reasons for such rejection. Failure by Lessee to inspect such cars within three business days after delivery, and/or the successful loading of any such car by Lessee, shall constitute acceptance of such car or cars, as the case may be, by Lessee. At Lessor’s request, Lessee shall deliver to Lessor an executed Certificate of Acceptance in the form of Exhibit A with respect to all Cars accepted by Lessee.

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(b)If Lessee rejects any car, Lessor shall have the right to have the rejected car inspected by an inspector acceptable to both Lessor and Lessee. The cost of such inspection will be paid by Lessor if the cause for rejection is affirmed by the inspector, otherwise such cost will be borne by Lessee. Lessee shall be deemed to have accepted any such car for which the inspector determines that good cause for rejection did not exist. The decision of the inspector shall be final and binding upon the parties.

(c)If Lessee properly rejects any car, Lessor shall promptly repair such car to the standards set forth in this Section 3 or promptly replace the car with another railcar reasonably acceptable to Lessee which meets such standards. In either event, Lessor shall deliver to Lessee the repaired or replaced car and Lessee shall have the right to accept or reject such car as provided in this Section 3.

(d)Lessee’s acceptance, however effected, shall be deemed effective as of the acceptance date and the monthly rentals as hereinafter set forth shall accrue from the acceptance date. Such acceptance shall presumptively establish that such Cars conform to the applicable standards set forth in this Lease and the Interchange Rules.

(e)For all Cars physically delivered to Lessee at its facility in Council Bluffs, Iowa before January 30, 2009, the test for acceptance shall be as set forth in Section 3 hereof. For all other Cars (which Cars are now fully constructed but, at Lessee’s request, have not been physically delivered to Lessee), notwithstanding anything herein to the contrary, Lessee is deemed to have accepted such Cars as of January 30, 2009.

4.Rentals. Lessee agrees to pay to Lessor for the use of each Car the monthly rental set forth in the applicable Rider from the date such Car is accepted by Lessee until such car is returned to Lessor, as hereinafter provided in Section 18. The rental shall be payable in U.S. Dollars and in advance on or before the first day of each calendar month (provided, that the rental for each car for the month in which it is accepted shall be prorated for the number of days, including the day of acceptance, remaining in such month at a daily rate based upon a 365 day year and shall be payable on or before the first day of the next succeeding month) to Lessor at 00000 Xxxxxx Xxxxx, Xx. Xxxxx, XX 00000, or at such other address as Lessor may specify by written notice to Lessee. Except as set forth in this Lease, rental shall be paid without deduction, set-off or counterclaim.

5.Mileage Allowance. Lessor shall use commercially reasonable efforts to collect all mileage earned by the Cars, and, subject to all rules of the tariffs of the railroads, Lessor shall credit to Lessee’s rental account such mileage as and when received during the term of this Lease. Lessee agrees to promptly refund to Lessor any mileage allowances that are reclaimed by the railroads upon Lessee’s receipt of notice therefor together with reasonably acceptable documentation from the railroads that any such mileage allowance has been reclaimed.

6.Term. This Lease shall be effective as dated and will expire upon the completion of the leasing arrangement shown on the attached Riders of the last Car or Cars covered thereunder. The Lease term, with respect to all Cars covered by a particular Rider, shall

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commence on the average date of delivery of the Cars covered by such Rider; and shall terminate as specified in such Rider, unless sooner terminated in accordance with provisions of this Lease.

7.Use and Possession. Subject to the obligations of Lessor under the Equipment Lease, throughout the continuance of this Lease so long as Lessee is not in default under this Lease, Lessee shall be entitled to possession of each Car from the date the Lease becomes effective as to such Car; and shall use such Car only in the manner for which it was designed and intended, and so as to subject it only to ordinary wear and tear; provided, however, that Lessee agrees that the Cars shall at all times be used: (a) in conformity with all Interchange Rules; (b) in compliance with the terms and conditions of this Lease; and (c) only in the continental United States, Canada and Mexico, provided that in no event shall the Cars be used in a location excluded from coverage by any insurance policy required to be maintained under this Lease, and provided further that in no event will more than 50% of the aggregate number of Cars leased hereunder be, at any time, located in Mexico. In the event any Car is used by Lessee outside of the continental United States, for any reason whatsoever, Lessee shall assume full responsibility (and reimburse Lessor and/or Equipment Lessor) for all costs, taxes (other than taxes on the income of Lessor), duties or other charges incidental to such use, including costs incurred in returning the car to the continental United States. Lessor shall promptly furnish Lessee with copies of all receipts, invoices or other requests for payment that it receives with respect to such costs, taxes, duties or other charges.

8.Empty Mileage Indemnification. Lessee will use its best efforts to use the Cars such that their total mileage under load will equal or exceed their mileage empty on each railroad over which the Cars move. Should the empty mileage exceed the loaded mileage such that Lessor is obligated to pay for such excess at the rate and at the time established by the tariff of the railroad on which such excess of empty miles has accrued, then Lessee shall reimburse 100% of such amount to Lessor. For the purpose of this Section 8, the railroad mileage reports received by Lessor shall be prima facie evidence of the facts reported therein.

9.Additional Charges by Railroads. Lessee agrees to use the Cars, upon each railroad over which Cars shall move, in accordance with the then prevailing tariffs to which each railroad shall be a party; and if the operation or movements of any of the Cars during the term hereof shall result in any charges being made against Lessor and/or Lessor by any such railroad, Lessee shall pay to Lessor the amount of such charges within the period prescribed by and at the rate and under the conditions of the then prevailing tariffs. Lessee agrees to indemnify Equipment Lessor and Lessor against any such charges. Lessee shall be liable for any switching, demurrage, track storage, detention or special handling charges imposed on any Car during the term hereof, except (i) charges incurred while the car is en route to a shop for maintenance or repairs that are Lessor’s responsibility under this Lease or (ii) charges incurred as a result of Lessor’s failure to perform its obligations under this Lease.

10.Lessee’s Right To Transfer or Lease. Lessee shall not transfer, lease or assign any Car or any of its interests and obligations pursuant to this Lease without Lessor’s prior written consent, and any attempted transfer, lease or assignment without such consent shall be void and ineffective against Lessor and Equipment Lessor. No transfer, lease or assignment of

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the Lease, or of any Car, shall relieve Lessee from any of its obligations to Lessor under this Lease. This Lease shall be binding upon the parties hereto and their respective successors and assigns.

11.Maintenance Responsibility.

(a)Subject to the other terms of this Lease, Lessor will maintain the Cars, at its sole cost and expense, in good working order, condition and repair according to applicable law and regulations, including, without limitation, the Interchange Rules. Lessee agrees to notify Lessor promptly, after learning that any Car is damaged or in need of repair, and to forward such Cars and any other Cars subject to this Lease to shops as directed by Lessor for repairs and/or periodic maintenance and inspections. No repairs to any of the Cars shall be made by Lessee without Lessor’s prior written consent, except that Lessee shall, at its expense, replace any removable part (dome covers, hatch covers, outlet caps, etc.) if lost or broken. Running repairs (as specified in the Interchange Rules) may be performed by railroads or hauling Carriers without prior consent. Replacement or repair of any parts, equipment and/or accessories on any of the Cars shall be with parts, equipment and/or accessories that are of like kind and of at least equal quality to those being replaced or repaired, unless otherwise agreed in writing by the parties.

(b)On tank Cars, Lessee will be responsible for maintenance and replacement of all movable parts, including angle valves and check valves and, if such Cars are so equipped, thermometer xxxxx, gauging devices, regulator valves, safety heads and top unloading valves. On xxxxxx Cars, Lessee will be responsible for inspection and cleaning of the operating mechanisms of the outlets, hatches, dome covers, and special fittings on such Cars leased herein, and damage to such outlets, hatches, dome covers, special fittings or the operating mechanisms will be repaired for the account of Lessee.

(c)When a Car is placed in a shop for maintenance or repair as provided in this Lease, the rental charges shall cease on date of arrival in the shop, except in the case where a Car arrives without advance notice of defects from Lessee, in which case rental charges will cease on communication of such defects to Lessor from Lessee, and shall be reinstated on the date that maintenance and repairs have been completed and the Car is forwarded from the shop or on the date that the Car is ready to leave, awaiting disposition instructions from Lessee. If any Car is derailed and requires repairs, the rental charges for such Car will cease effective as of the date of the derailment and will resume as of the date the Car is forwarded from the repair shop. If any repairs are required as a result of the misuse by or negligence of Lessee or its consignee, agent or Lessee or while on a railroad that does not subscribe to, or fails to meet its responsibility under the Interchange Rules, the rental charges shall continue during the repair period, and Lessee agrees to pay Lessor for the cost of such repairs. If any repairs are required while on any private siding or track or any private or industrial railroad, the rental charges shall continue during the repair period.

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12.Loss or Destruction.

(a)If any of the Cars shall be completely destroyed, or if the physical condition of any Car shall become such that the Car cannot be operated in railroad service, as determined by Lessor, rental will cease as to such Car as of the date on which such event occurred. Lessor may cancel this Lease as to such Car as of the date on which such event occurred, or may substitute another Car reasonably acceptable to Lessee within a reasonable period of time. Lessee shall notify Lessor of the occurrence of any such event within three business days after learning of such event. In the event of such substitution, the substituted Car shall be held pursuant to all the terms and conditions of this Lease. Lessee agrees that if a Car is lost or destroyed or is in such physical condition that it cannot be operated in railroad service by reason of misuse or negligence of Lessee or its consignee, agent or Lessee or while on a railroad that does not subscribe to the Interchange Rules or while on any private siding or track or any private or industrial railroad, Lessee will pay Lessor, in cash, the depreciated value of such Car as determined by Rule #107 of the Interchange Rules within 15 days following a request by Lessor for such payment. Any amount payable by Lessee to Lessor pursuant to this Section 12 shall be reduced by any amounts received by Lessor from any third party responsible for such loss, destruction or damage. Lessee shall be subrogated to the rights of Lessor against any person to the extent that the actions or omissions of such person caused Lessee to incur liability under this Section 12, and Lessor shall cooperate fully with Lessee in its pursuit of these subrogation rights. Lessor and Lessee shall cooperate with and assist each other in any reasonable manner requested, but without affecting their respective obligations under this Section 12 or Section 22, to establish proper claims against parties responsible for the loss, destruction of or damage to, the Cars. With respect to any Car for which Lessor has received payment from Lessee of the depreciated value, Lessor shall, at Lessee's request, use commercially reasonable efforts to cause Equipment Lessor to execute and deliver to Lessee a xxxx of sale transferring to Lessee, free and clear of all security interests and other liens, all of Equipment Lessor’s right, title and interest in and to such Car, as well as all claims and rights Equipment Lessor may have against any manufacturer, supplier, vendor, repairer, Carrier or dealer of such Car, and any part thereof.

(b)Lessee shall obtain commercial general liability insurance against claims for bodily injury, death or third party property damage, designating Lessor and Equipment Lessor as additional insureds with respect to Lessee's operation and use of the Cars under this Lease in an amount of not less than $10 million per occurrence. The insurance coverage shall:

(i)be valid for the term of this Lease as defined in Section 6;

(ii)be primary without any right of contribution from any other insurance that is carried by Lessee, any Insured Party (as defined below) or any other person;

(iii)expressly provide that all of the provisions thereof, except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured and shall waive any right of subrogation of the insurers (including any right of the insurers to set-off or counterclaim or any other deduction) against the Insured Parties;

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(iv)name the following parties under the Equipment Lease as additional insureds: Lessor, Equipment Lessor, Trust Company (in its individual capacity and as Owner Trustee), Owner Participant, the Loan Participants and the Indenture Trustee (the “Insured Parties”);

(v)provide that the insurers agree that such coverage is extended to insure the Cars for liability purposes; and

(vi)provide that the respective interests of the Insured Parties shall not be invalidated by any act of negligence of or breach of warranty or representation by Lessee, any other additional insured, or any other person having an interest in the Cars.

(c)Lessee shall endeavor to provide 30-days advance written notice to Lessor of any policy cancellation, other than cancellation for failure to pay premiums (which shall require only 10 days advance notice), respecting the Cars or any Insured Party. Lessee shall deliver to Lessor, Indenture Trustee, the Loan Participants and Owner Participant on or before each Funding Date and not less often than annually thereafter, a certificate of insurance, substantially in the same form as delivered by Lessee to such parties on each Funding Date except for the changes in the report or the coverage consistent with the terms hereof.

(d)Lessee shall be solely responsible for any and all payments under the insurance policy. If Lessee does not comply with its obligations under this Section 12(b), Lessor may obtain insurance for the Cars itself, at the sole expense and responsibility of Lessee. Any payment received by Lessor from the insurance company shall be credited to the amount that Lessee is obligated to pay under Section 12(a), unless such insurance policy has been obtained by Lessor or Lessor has paid any premium under such insurance policy.

13.Loss of Commodity. Lessor shall not be liable for any loss of, or damage to, commodities, or any part thereof, loaded or shipped in or on any of the Cars however such loss or damage shall be caused or shall result. Lessee agrees to assume responsibility for, to indemnify Lessor against, and to save it harmless from any such loss or damage or claim therefor.

14.Damage to Car by Commodity. Lessee shall be liable for damage to any Car covered by this Lease, whether or not due to Lessee’s negligence, if caused by or as a result of the commodity loaded therein or caused by trying to remove product from the Cars during the Lease term. Lessee assumes responsibility for such damage to any Car, including without limitation, as applicable, for tank Cars, to the tank, fittings or appurtenances thereto, ordinary wear and tear (including for any interior linings) excepted, and for covered xxxxxx Cars, any damage to the exterior of the Cars including without limitation, hammer damage or similar damage to the side of the Cars and cracked paint and rust on the exterior of the Car, ordinary wear and tear excepted. Hammer damage, cracked paint and rust will not be considered ordinary wear and tear. Lessee will use the Cars for the transportation and handling of commodities which will not injure the Cars.

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15.Alteration and Lettering. Lessee will not in any way alter the physical structure of the Cars without the advance approval, in writing, of Lessor. Lessee shall cause each Car to be kept stenciled with the reporting xxxx as shall be set forth in this Lease or any applicable Rider. Except as otherwise contemplated herein, Lessee shall place no lettering or marking of any kind upon the Cars without Lessor’s prior written consent.

16.Linings and Coatings. The application, maintenance and removal of interior protective linings and coatings in Cars so equipped is to be at the expense of Lessee. Commodity or mechanical damage to such linings or coatings shall be for the account of Lessee.

17.Interior Preparation for Commodities. Any cleaning or special preparation of the interior of Cars to make them suitable for the shipment of commodities by or for Lessee during the term of the Lease shall be done at Lessee’s expense unless otherwise agreed.

18.Return of Cars – Cleaning. At the expiration of the Lease term as provided in the applicable Rider, Lessee shall, at its expense, return the Cars described in that Rider to Lessor or its designee at a point designated by Lessor, empty, clean and free from residue (including, without limitation, sludge, heel or other similar materials) for use in the type of service for which the Cars were used hereunder, and in the same condition as the Cars were in when delivered, except for: (i) normal wear and tear and (ii) those items that were Lessor’s obligation to maintain and repair. At the expiration of the Lease term, should cleaning be required to place the Car in the condition required hereunder, Lessee shall bear the full cost of cleaning and the rental shall continue until the Car is so cleaned.

19.Modifications. If, at any time after Lessee’s acceptance of a Car, the Federal Railroad Administration or any other governmental agency or non-governmental organization having jurisdiction over the operation, safety or use of such Car, requires that Lessor modify such Car to qualify it for operation in railroad interchange, Lessor shall promptly perform all required modifications and the cost of those modifications shall be reflected in an increase in the monthly rental rate per Car according to the rental escalation formula shown on the Rider for that Car. Rental charges will cease on the first day the Car is no longer in Lessee’s service and will be reinstated on the date the Car has been modified and is forwarded from the shop. If Lessor, in its sole discretion, elects to remove a Car from Lessee’s service rather than make such a modification, the rent with respect to such Car shall terminate upon the date specified in writing by Lessor, provided that such date must be prior to the date such modification is required to be made.

20.High Mileage and Weight Limitation. Since the rentals and other terms of this Lease are based on normal usage of Cars in non-unit train or other non-high mileage operations, Lessee agrees not to use the Cars in unit train or other designated high mileage usage without prior written consent of Lessor. Each Car will be subject to a surcharge shown on the applicable Rider for all excess miles. Lessee shall not exceed the weight limitations prescribed for operation of Cars in unrestricted interchange service as set forth under Interchange Rule 91. Lessee shall not load any of the Cars in excess of the load limit stenciled thereon or any load limit prescribed by tariff, circular, or regulation.

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21.Use of Cars on Certain Roads Under AAR Circular OT5. Upon the written request of Lessee (which request shall name the railroads involved), Lessor shall use reasonable best efforts to obtain from each named railroad authority to place the Cars (other than tanks) in service under the provisions of AAR Circular OT-5 as promulgated by the AAR and all supplements thereto and reissues thereof (such authority hereinafter called “consent(s)”). Lessee shall furnish to Lessor such information as is necessary to apply for and obtain such consents. Lessor, however, shall not be liable for failure to obtain such consents for any reason whatsoever and this Lease shall remain in full force and effect notwithstanding any failure of Lessor to obtain such consents.

22.Indemnifications.

(a)Lessee shall defend (if such defense is tendered to Lessee), indemnify and hold Lessor and Equipment Lessor harmless from and against and does hereby release Lessor and Equipment Lessor from all claims, suits, liabilities, losses, damages, costs and expenses, including reasonable attorney’s fees, in any way arising out of, or resulting from, the storage, use or operation of the Cars during the term of this Lease, except to the extent: (i) the same arises from or is related to the negligence or willful misconduct of Equipment Lessor and/or Lessor, or either of their employees or agents, (ii) a railroad or other third party has assumed full responsibility and satisfies such responsibility, (iii) the same arises from or is related to Lessor’s failure to perform its obligations under this Lease, (iv) the same accrues with respect to any Car while such Car is in a repair shop undergoing maintenance and repairs, or (v) the same arises from or is related to the use or condition of the Cars prior to being in Lessee’s service under this Lease.

(b)Lessor shall defend (if such defense is tendered to Lessor), indemnify and hold Lessee harmless from and against and does hereby release Lessee from all claims, suits, liabilities, losses, damages, costs and expenses, including reasonable attorney’s fees, in any way arising out of, or resulting from, the repair and maintenance of the Cars during the term of this Lease, except to the extent: (i) the same arises from or is related to the negligence or willful misconduct of Lessee, its employees or agents, (ii) a railroad or other third party has assumed full responsibility and satisfies such responsibility, or (iii) the same arises from or is related to Lessee’s failure to perform its obligations under this Lease.

23.Taxes and Liens. Lessee shall not be liable for any Federal, State or other governmental property taxes assessed or levied against the Cars, except that (i) Lessee shall be liable for and pay such taxes when the Cars bear Lessee’s reporting marks and numbers and (ii) Lessee shall be liable for and shall pay or reimburse Lessor for the payment of any sales, use, leasing, operation, excise, gross receipts and other taxes with respect to the Cars (together with any penalties, fines or interest thereon), duties, imposts, taxes, investment tax credit reductions and similar charges arising out of Lessee’s use of Cars outside the continental United States, except to the extent levied or assessed on Lessor’s income. Lessee acknowledges and agrees that by the execution of this Lease it does not obtain, and by payments and performance hereunder it does not, and will not, have or obtain any title to the Cars or any property right or interest therein, legal or equitable, except solely as Lessee hereunder and subject to all of the terms

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hereof. Lessee shall keep the Cars free from any liens or encumbrances created by or through Lessee.

24.Defaults and Remedies. If (a) Lessee defaults in the payment of any sum of money to be paid under this Lease and such default continues five days after written notice to Lessee of such default, or (b) Lessee fails to perform any covenant or condition required to be performed by Lessee, which failure shall not be remedied within ten days after written notice thereof by Lessor to Lessee or (c) Lessee shall dissolve, make or commit any act of bankruptcy or if any proceeding under any bankruptcy or insolvency statute or any laws relating to relief of debtors is commenced by Lessee or if any such proceeding is commenced against Lessee and same shall not have been stayed, vacated, removed or dismissed within 60 days after the date of the filing thereof or (d) a receiver, trustee or liquidator is appointed for Lessee or for all or a substantial part of Lessee’s assets with Lessee’s consent or, if without Lessee’s consent, the same shall not have been stayed, vacated, removed or dismissed within 60 days after the date of the appointment thereof or if a writ of attachment or execution is levied on any Car as a result of a judgment against Lessee and the same is not stayed, vacated or discharged within 30 days thereafter, or (e) Lessee fails to keep all of the Cars free from any lien or encumbrance arising by, through or under it which may encumber or otherwise affect title to any Car, and within 20 days after Lessee receives written notice of any such lien or encumbrance, Lessee has not discharged such lien or encumbrance, Lessor may exercise one or more of the following remedies with respect to the Cars:

1. Immediately terminate this Lease and Lessee’s rights hereunder;

2. Require Lessee to return the Cars to Lessor at Lessee’s expense, and if Lessee fails to so comply, Lessor may take possession of such Cars without demand or notice and without court order or legal process. Lessee acknowledges that it may have a right to notice of possession and the taking of possession with a court order or other legal process. Lessee, however, knowingly waives any right to such notice of possession and the taking of such possession without court order or legal process;

3. Lease the Cars to such persons, at such rental, and for such period of time as Lessor shall elect. Lessor shall apply the proceeds from such leasing, less all costs and expenses reasonably incurred in the recovery, repair (if such repairs are otherwise Lessee’s obligation under this Lease), storage and renting of such Cars, toward the payment of Lessee’s obligations hereunder. Lessee shall remain liable for any deficiency, which, at Lessor’s option, shall be paid monthly as suffered or immediately, or at the end of the Lease term as damages for Lessee’s default;

4. Bring legal action to recover all rent or other amounts then accrued or thereafter accruing from Lessee to Lessor under any provisions hereunder;

5. Pursue any other remedy which Lessor may have.

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Each of the foregoing remedies is cumulative and may be enforced separately or concurrently, and in addition to any other remedy referred to herein or otherwise available to Lessor in law or equity, and action upon one such remedy shall not be deemed to constitute an election or waiver of the other remedies or rights of action. Any repossession or sale of any Car by Lessor shall not bar an action for a deficiency as herein provided and the bringing of an action or entering of a judgment against Lessee shall not bar Lessor’s right to repossess any or all of the Cars. In the event of default, Lessee shall pay to Lessor upon demand all costs and expenses, including reasonable attorneys’ fee expended by Lessor in the enforcement of its rights and remedies hereunder, and Lessee shall pay interest on any amount owing to Lessor from the time such amount becomes due hereunder at a rate per annum equal to one and one-half percentage points (1.5%) above the prime rate of JPMorgan Chase Bank N.A. (or its successor), such rate to be reduced, however, to the extent it exceeds the maximum rate permitted by applicable law. In addition, Lessee shall, without expense to Lessor, assist Lessor in repossessing the Cars.

If Lessee fails to perform any of its obligations hereunder, Lessor, at Lessee’s expense, and without waiving any rights it may have against Lessee for such nonperformance, may, with prior written notice to Lessee, itself render such performance. Lessee shall reimburse Lessor on demand for all sums so paid by Lessor on Lessee’s behalf, together with interest at a rate per annum equal to one and one-half percentage points (1.5%) above the prime rate of JPMorgan Chase Bank N.A. (or its successor), such rate to be reduced, however, to the extent it exceeds the maximum rate permitted by applicable law.

25.Lessor’s or Equipment Lessor’s Right to Assign; Subordination. All of Lessee’s rights under this Lease are subject and subordinate to the rights of the Equipment Lessor set forth in this Section 25. All rights of Lessor may be assigned to the Equipment Lessor (or any related indenture trustee) as security for Lessor’s obligations under the Equipment Lease. All rights of Equipment Lessor in the Equipment Lease may be assigned, pledged, mortgaged, leased, transferred or otherwise disposed of, either in whole or in part, and/or Equipment Lessor may assign, pledge, mortgage, lease, transfer or otherwise dispose of title to the Cars, with or without prior notice to Lessor or Lessee. In the event of any such assignment, pledge, mortgage, lease, transfer or other disposition, the Equipment Lease and all rights of Lessor thereunder, and all rights of Lessee in this Lease, will be subject and subordinate to the terms, covenants and conditions of any assignment, pledge, mortgage, lease, or other agreements covering the Cars heretofore or hereafter created and entered into by Equipment Lessor, its successors or assigns and to all of the rights of any such assignee, pledgee, mortgagee, lessor, transferee or other holder of legal title to or security interest in the Cars. At the request of Equipment Lessor or any assignee, pledgee, mortgagee, lessor, transferee or other holder of the legal title to or security interest in the Cars may, if applicable, place on each side of each Car, in letters not less than one inch in height, the words “Ownership Subject to a Security Lease Filed with the Surface Transportation Board” or other appropriate words reasonably requested. In the event that Equipment Lessor assigns its interest in the Equipment Lease, Lessee, at the request of Lessor, shall execute and deliver to Equipment Lessor and Lessor an Acknowledgment of Assignment in substantially the form attached hereto as Exhibit A.

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26.Warranties. EXCEPT AS OTHERWISE PROVIDED IN THIS LEASE, LESSOR MAKES NO WARRANTIES OR REPRESENTATIONS, EXPRESS OR IMPLIED, AS TO THE CONDITION, MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE OR ANY OTHER MATTER CONCERNING THE CARS. Lessee shall be solely responsible for determining that the specifications and design of any Car are appropriate for the commodities loaded therein.

27.Right of Inspection and Notices. Lessor, Equipment Lessor (including any related indenture trustee, noteholders, or owner participant), or any of their assignees or representatives, shall, at any reasonable time and without interfering with Lessee’s operations, have the right to inspect the Cars, and, upon reasonable advance notice (which may be verbal) and during ordinary business hours, all books and records of Lessee that relate to the Cars, by its authorized representative wherever they may be located for the purpose of determining compliance by Lessee with its obligations hereunder. Lessee shall use commercially reasonable efforts to obtain permission, if necessary, for Lessor or its representative to enter upon any premises where the Cars may be located. Lessee shall notify Lessor, in writing, within three business days after any attachment, lien (including any tax and mechanics’ liens) or other judicial process arising by, through or under Lessee attaches to any of the Cars.

28.Miscellaneous. This Lease, together with any and all exhibits attached hereto, constitutes the entire agreement between Lessor and Lessee with respect to the subject matter addressed herein, and it shall not be amended, altered or changed except by written agreement signed by the parties hereto. No waiver of any provision of this Lease or consent to any departure by either party therefrom shall be effective unless the same shall be in writing, signed by both parties and then such waiver of consent shall be effective only in the specific instance and for the purpose for which it was given.

1. Governing Law. This Lease shall be interpreted under and performance shall be governed by the laws of the State of Illinois.

2. Conflict with Interchange Rules. In the event the Interchange Rules conflict with any provision of this Lease, this Lease shall govern.

3. Exhibits. All exhibits attached hereto are incorporated herein by this reference.

4. Payments. All payments to be made under this Lease shall be made at the address set forth in Section 4.

5. Severability. If any term or provision of this Lease or the application thereof shall, to any extent, be invalid or unenforceable, such invalidity or unenforceability shall not affect or render invalid or unenforceable any other provision of this Lease, and this Lease shall be valid and enforced to the fullest extent permitted by law.

6. Headings. The headings that have been used to designate the various Sections and Articles hereof are solely for convenience in reading and ease of reference

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and shall not be construed in any event or manner as interpretative or limiting the interpretation of the same.

7. Governmental Laws. Lessor shall comply with all governmental laws, rules, regulations, requirements and the Interchange Rules (herein collectively referred to as the “Rules”) with respect to the repair and maintenance of the Cars and any part thereof. Lessee shall comply with all Rules with respect to the use, operation and maintenance of any interior lading protective devices, special interior linings or removable parts. Lessee, at its expense, shall further comply with the Rules in the event such Rules require a change or replacement of such devices, linings or parts.

8. Survival. All indemnities contained in this Lease shall survive the termination hereof, but only with respect to indemnified claims that accrue with respect to events occurring prior to the expiration or earlier termination of this Lease. In addition, the obligation to pay any deficiency, as well as the obligation for any and all other payments hereunder shall survive the termination of this Lease or the Lease contained herein.

29.Addressing of Notices. All notices and other communications required or permitted by this Agreement shall be in writing and deemed given to a party when (a) delivered by hand or by nationally recognized overnight courier service; (b) sent by facsimile with confirmation of transmission by the transmitting equipment; or (c) received or rejected by the addressee if sent by certified mail, return receipt requested, in each case (a) - (c) to the following addresses or facsimile numbers and marked to the attention of the person (by name or title) designated below (or to such other address, facsimile number, or person as a party may designate by notice to the other party):


Lessor to Lessee: TO: Southwest Iowa Renewable Energy LLC 0000 00xx Xxxxxx Xxxxxxx Xxxxxx, Xxxx 00000 Fax No. (000) 000-0000 ATTN: Chief Executive Officer			Lessee to Lessor: Bunge North America, Inc. 11720 Xxxxxx Drive St. Louis, Missouri 63146-1000 Fax No. (314) 292-4276 ATTN: Xxxxxxx X. Wallace Vice President Transportation

30.Administration of Lease. Lessee agrees to make available to Lessor information concerning the movement of the Cars reasonably required for the efficient administration of this Lease. Lessee agrees to cooperate with Lessor for the purpose of complying with any reasonable requirements of any lender, the Surface Transportation Board or the provisions of Article 9 of the Uniform Commercial Code provided such cooperation does not materially affect the rights, obligations or liabilities of Lessee hereunder.

31.Recordation of Lease. If Lessor or Equipment Lessor elect or are required to record a memorandum of this lease with the Surface Transportation Board, then Lessee will cooperate with the preparation, execution, and filing of such memorandum.

[signatures on following page]

IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed and delivered as of the day and year first above written.

Error! Unknown document property name. 12


Lessor: BUNGE NORTH AMERICA, INC. By: /s/ Xxxx Xxxxxxxxx Title: Vice President Bunge Biofuels			Lessee: SOUTHWEST IOWA RENEWABLE ENERGY, LLC By: /s/ Xxxxx Xxxx Title: Chairman of the Board

Error! Unknown document property name. 13

Rider No: 001 to Railcar Lease Agreement

It is hereby agreed as of March 25, 2009 that this Rider shall become part of the Amended and Restated Railcar Lease Agreement, dated as of March 25, 2009 (the “Lease”), between Bunge North America, Inc. (“Lessor”) and Southwest Iowa Renewable Energy, LLC (“Lessee”), and that the Cars described herein shall be placed in Lessee’s service, subject to the following terms and conditions:

Capitalized Terms: All capitalized terms defined in the Lease shall have the meanings defined therein when used in this Rider No. 001 except that the term “Cars” as used herein shall only refer to the railcars described in this Rider.

Number of Cars: Three hundred (300).

Description: 6,351 cu. ft. covered xxxxxx cars with gravity outlet gates and with 286,000 pound gross load weight capacity.

Car Initials and Numbers: See Schedule 1 attached hereto.

Lease Rental Rate: $* per Car per month, subject to the following provisions:

(a) If Lessor is required to modify a Car in accordance with Section 19 of the Lease, then the Lease Rental Rate will increase by $* for each $* cost incurred by Lessor in the course of making modifications.

(b) In accordance with Section 20 of the Lease, in the event that a Car travels more than 35,000 miles (empty and loaded) in Lessee’s service during any calendar year, Lessee shall pay Lessor $* per mile for each mile over * traveled by such Car.

Impact Damage: Impact damage resulting from striking the car with hammers, lances, sledges, or other such mechanical device shall not be considered normal wear and tear to the extent such damage results in (a) cracks, punctures, or tears of the steel sheet, or (b) dents to the steel sheet exceeding one inch (1”) in depth, or (c) penetration of the exterior paint film exposing the steel sheet to the elements; all of the preceding enumerated items shall collectively be defined as “Lessee Responsibility Damage”. Lessee Responsibility Damage shall be repaired at Lessee’s expense by means of straightening dents, welding any cracks, patching punctures or tears, and spot painting any repaired or exposed surfaces.

Weight Limitation: Lessee shall not exceed the weight limitations prescribed for operation of cars in unrestricted interchange service as set forth under AAR Interchange Rule 70.

* Portion omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K (17 CFR § 229.601(b)(10)(iv)) because it is both not material and would likely cause competitive harm to the company if publicly disclosed.

Error! Unknown document property name. 14

any successive term for Cars covered by this Rider. Thereafter, this Rider shall terminate automatically upon the date of release of the last Car covered by this Rider.

Miscellaneous: The parties acknowledge that all of the Cars to be Leased under this Rider are being built and will be delivered to Lessee’s service as released from the manufacturer.

[signatures on following page]

IN WITNESS WHEREOF, the parties hereto have caused this Rider to be executed and delivered as of the day and year first above written.

Error! Unknown document property name. 15


Lessor: BUNGE NORTH AMERICA, INC. By: /s/ Xxxx Xxxxxxxxx Title: Vice President Bunge Biofuels			Lessee: SOUTHWEST IOWA RENEWABLE ENERGY, LLC By: /s/ Xxxxx Xxxx Title: Chairman of the Board

Error! Unknown document property name. 16

Schedule 1 to Rider No: 001 to Railcar Lease Agreement

Error! Unknown document property name. 17


BNGX			20003
BNGX			20007
XXXX			00000
XXXX			20014
BNGX			20022
XXXX			00000
XXXX			20029
XXXX			00000
XXXX			20031
XXXX			00000
XXXX			20036
XXXX			00000
XXXX			20040
XXXX			00000
XXXX			20042
XXXX			00000
XXXX			20049
XXXX			00000
XXXX			20054
XXXX			00000
XXXX			20057
XXXX			00000
XXXX			20059
XXXX			00000
XXXX			20062
XXXX			00000
XXXX			20065
XXXX			00000
XXXX			20068
XXXX			00000
XXXX			20077
XXXX			00000
XXXX			20086
XXXX			00000
XXXX			20098
XXXX			00000
XXXX			20104
XXXX			00000
XXXX			20108
XXXX			00000
XXXX			20114
BNGX			20116
XXXX			00000
XXXX			20119

Error! Unknown document property name. 18


BNGX			20120
BNGX			20124
XXXX			00000
XXXX			20127
XXXX			00000
XXXX			20129
XXXX			00000
XXXX			20132
XXXX			00000
XXXX			20134
XXXX			00000
XXXX			20136
XXXX			00000
XXXX			20138
XXXX			00000
XXXX			20140
XXXX			00000
XXXX			20142
XXXX			00000
XXXX			20144
XXXX			00000
XXXX			20146
XXXX			00000
XXXX			20148
XXXX			00000
XXXX			20150
XXXX			00000
XXXX			20152
XXXX			00000
XXXX			20154
XXXX			00000
XXXX			20156
XXXX			00000
XXXX			20158
XXXX			00000
XXXX			20160
XXXX			00000
XXXX			20162
XXXX			00000
XXXX			20164
XXXX			00000
XXXX			20166
XXXX			00000
XXXX			20168

Error! Unknown document property name. 19


BNGX			20169
BNGX			20170
XXXX			00000
XXXX			20172
XXXX			00000
XXXX			20174
XXXX			00000
XXXX			20176
XXXX			00000
XXXX			20178
XXXX			00000
XXXX			20180
XXXX			00000
XXXX			20182
XXXX			00000
XXXX			20184
XXXX			00000
XXXX			20186
XXXX			00000
XXXX			20188
XXXX			00000
XXXX			20190
XXXX			00000
XXXX			20192
XXXX			00000
XXXX			20194
XXXX			00000
XXXX			20196
XXXX			00000
XXXX			20198
XXXX			00000
XXXX			20200
XXXX			00000
XXXX			20202
XXXX			00000
XXXX			20204
XXXX			00000
XXXX			20206
XXXX			00000
XXXX			20208
XXXX			00000
XXXX			20210
XXXX			00000
XXXX			20212

Error! Unknown document property name. 20


BNGX			20213
BNGX			20214
XXXX			00000
XXXX			20216
XXXX			00000
XXXX			20218
XXXX			00000
XXXX			20220
XXXX			00000
XXXX			20222
XXXX			00000
XXXX			20224
XXXX			00000
XXXX			20226
XXXX			00000
XXXX			20228
XXXX			00000
XXXX			20230
XXXX			00000
XXXX			20232
XXXX			00000
XXXX			20234
XXXX			00000
XXXX			20236
XXXX			00000
XXXX			20238
XXXX			00000
XXXX			20240
XXXX			00000
XXXX			20242
XXXX			00000
XXXX			20244
XXXX			00000
XXXX			20246
XXXX			00000
XXXX			20248
XXXX			00000
XXXX			20250
XXXX			00000
XXXX			20252
XXXX			00000
XXXX			20254
XXXX			00000
XXXX			20256

Error! Unknown document property name. 21


BNGX			20257
BNGX			20258
XXXX			00000
XXXX			20260
XXXX			00000
XXXX			20262
XXXX			00000
XXXX			20264
XXXX			00000
XXXX			20266
XXXX			00000
XXXX			20268
XXXX			00000
XXXX			20270
XXXX			00000
XXXX			20272
XXXX			00000
XXXX			20274
XXXX			00000
XXXX			20276
XXXX			00000
XXXX			20278
XXXX			00000
XXXX			20280
XXXX			00000
XXXX			20282
XXXX			00000
XXXX			20284
XXXX			00000
XXXX			20286
XXXX			00000
XXXX			20288
XXXX			00000
XXXX			20290
XXXX			00000
XXXX			20292
XXXX			00000
XXXX			20294
XXXX			00000
XXXX			20296
XXXX			00000
XXXX			20298
XXXX			00000
XXXX			20300

Error! Unknown document property name. 22


BNGX			20301
BNGX			20302
XXXX			00000
XXXX			20304
XXXX			00000
XXXX			20306
XXXX			00000
XXXX			20308
XXXX			00000
XXXX			20310
XXXX			00000
XXXX			20312
XXXX			00000
XXXX			20314
XXXX			00000
XXXX			20316
XXXX			00000
XXXX			20318
XXXX			00000
XXXX			20320
XXXX			00000
XXXX			20322
XXXX			00000
XXXX			20324
XXXX			00000
XXXX			20326
XXXX			00000
XXXX			20328
XXXX			00000
XXXX			20330
XXXX			00000
XXXX			20332
XXXX			00000
XXXX			20334
XXXX			00000
XXXX			20336
XXXX			00000
XXXX			20338
XXXX			00000
XXXX			20340
XXXX			00000
XXXX			20342
XXXX			00000
XXXX			20344

Error! Unknown document property name. 23


BNGX			20345
BNGX			20346
XXXX			00000
XXXX			20348
XXXX			00000
XXXX			20350
XXXX			00000
XXXX			20352
XXXX			00000
XXXX			20354
XXXX			00000
XXXX			20356
XXXX			00000
XXXX			20358
XXXX			00000
XXXX			20360
XXXX			00000
XXXX			20362
XXXX			00000
XXXX			20364
XXXX			00000
XXXX			20366
XXXX			00000
XXXX			20368
XXXX			00000
XXXX			20370
XXXX			00000
XXXX			20372
XXXX			00000
XXXX			20374
XXXX			00000
XXXX			20376
XXXX			00000
XXXX			20378
XXXX			00000
XXXX			20380

Error! Unknown document property name. 24

Rider No: 002 to Railcar Lease Agreement

Capitalized Terms: All capitalized terms defined in the Lease shall have the meanings defined therein when used in this Rider No. 002 except that the term “Cars” as used herein shall only refer to the railcars described in this Rider.

Number of Cars: Three hundred twenty-five (325).

Description: 30,145 gallon tank cars, equipped with 2” x 1” top unloading capability.

Commodity: Ethanol.

Car Initials and Numbers: See Schedule 1 attached hereto.

Rental Rate: $* per Car per month, subject to the following provisions:

Weight Limitation: Lessee shall not exceed the weight limitations prescribed for operation of cars in unrestricted interchange service as set forth under AAR Interchange Rule 70.

Minimum Rental Period: The minimum rental period for the Cars Leased hereunder shall be 120 months, and the Cars shall continue under Lease thereafter for successive one (1) month terms, at the same rate and under the same conditions, unless notice, in writing, requesting cancellation shall be given by either party to the other at least 30 days prior to expiration of the initial term or any successive term for Cars covered by this Rider. Thereafter, this Rider shall terminate automatically upon the date of release of the last Car covered by this Rider.

Miscellaneous: The parties acknowledge that all of the Cars to be Leased under this Rider are being built and will be delivered to Lessee’s service as released from the manufacturer.

[signatures on following page]

Error! Unknown document property name. 25

IN WITNESS WHEREOF, the parties hereto have caused this Rider to be executed and delivered as of the day and year first above written.


Lessor: BUNGE NORTH AMERICA, INC. By: /s/ Xxxx Xxxxxxxxx Title: Vice President Bunge Biofuels			Lessee: SOUTHWEST IOWA RENEWABLE ENERGY, LLC By: /s/ Xxxxx Xxxx Title: Chairman of the Board

Error! Unknown document property name. 26

Schedule 1 to Rider No: 002 to Railcar Lease Agreement


BRCX			10001
BRCX			10002
BRCX			10003
BRCX			10004
BRCX			10005
BRCX			10006
BRCX			10007
BRCX			10008
BRCX			10009
BRCX			10010
BRCX			10011
BRCX			10012
BRCX			10013
BRCX			10014
BRCX			10015
BRCX			10016
BRCX			10017
BRCX			10018
BRCX			10019
BRCX			10020
BRCX			10021
BRCX			10022
BRCX			10023
BRCX			10024
BRCX			10025
BRCX			10026
BRCX			10027
BRCX			10028
BRCX			10029
BRCX			10030
BRCX			10031
BRCX			10032
BRCX			10033
BRCX			10034
BRCX			10035
BRCX			10036
BRCX			10037
BRCX			10038

Error! Unknown document property name. 27


BRCX			10039
BRCX			10040
BRCX			10041
BRCX			10042
BRCX			10043
BRCX			10044
BRCX			10045
BRCX			10046
BRCX			10047
BRCX			10048
BRCX			10049
BRCX			10050
BRCX			10051
BRCX			10052
BRCX			10053
BRCX			10054
BRCX			10055
BRCX			10056
BRCX			10057
BRCX			10058
BRCX			10059
BRCX			10060
BRCX			10061
BRCX			10062
BRCX			10063
BRCX			10064
BRCX			10065
BRCX			10066
BRCX			10067
BRCX			10068
BRCX			10069
BRCX			10070
BRCX			10071
BRCX			10072
BRCX			10073
BRCX			10074
BRCX			10075
BRCX			10076
BRCX			10077
BRCX			10078
BRCX			10079

Error! Unknown document property name. 28


BRCX			10080
BRCX			10081
BRCX			10082
BRCX			10083
BRCX			10084
BRCX			10085
BRCX			10086
BRCX			10087
BRCX			10088
BRCX			10089
BRCX			10090
BRCX			10091
BRCX			10092
BRCX			10093
BRCX			10094
BRCX			10095
BRCX			10096
BRCX			10097
BRCX			10098
BRCX			10099
BRCX			10100
BRCX			10101
BRCX			10102
BRCX			10103
BRCX			10104
BRCX			10105
BRCX			10106
BRCX			10107
BRCX			10108
BRCX			10109
BRCX			10110
BRCX			10111
BRCX			10112
BRCX			10113
BRCX			10114
BRCX			10115
BRCX			10116
BRCX			10117
BRCX			10118
BRCX			10119
BRCX			10120

Error! Unknown document property name. 29


BRCX			10121
BRCX			10122
BRCX			10123
BRCX			10124
BRCX			10125
BRCX			10126
BRCX			10127
BRCX			10128
BRCX			10129
BRCX			10130
BRCX			10131
BRCX			10132
BRCX			10133
BRCX			10134
BRCX			10135
BRCX			10136
BRCX			10137
BRCX			10138
BRCX			10139
BRCX			10140
BRCX			10141
BRCX			10142
BRCX			10143
BRCX			10144
BRCX			10145
BRCX			10146
BRCX			10147
BRCX			10148
BRCX			10149
BRCX			10150
BRCX			10151
BRCX			10152
BRCX			10153
BRCX			10154
BRCX			10155
BRCX			10156
BRCX			10157
BRCX			10158
BRCX			10159
BRCX			10160
BRCX			10161

Error! Unknown document property name. 30


BRCX			10162
BRCX			10163
BRCX			10164
BRCX			10165
BRCX			10166
BRCX			10167
BRCX			10168
BRCX			10169
BRCX			10170
BRCX			10171
BRCX			10172
BRCX			10173
BRCX			10174
BRCX			10175
BRCX			10176
BRCX			10177
BRCX			10178
BRCX			10179
BRCX			10180
BRCX			10181
BRCX			10182
BRCX			10183
BRCX			10184
BRCX			10185
BRCX			10186
BRCX			10187
BRCX			10188
BRCX			10189
BRCX			10190
BRCX			10191
BRCX			10192
BRCX			10193
BRCX			10194
BRCX			10195
BRCX			10196
BRCX			10197
BRCX			10198
BRCX			10199
BRCX			10200
BRCX			10201
BRCX			10202

Error! Unknown document property name. 31


BRCX			10203
BRCX			10204
BRCX			10205
BRCX			10206
BRCX			10207
BRCX			10208
BRCX			10209
BRCX			10210
BRCX			10211
BRCX			10212
BRCX			10213
BRCX			10214
BRCX			10215
BRCX			10216
BRCX			10217
BRCX			10218
BRCX			10219
BRCX			10220
BRCX			10221
BRCX			10222
BRCX			10223
BRCX			10224
BRCX			10225
BRCX			10226
BRCX			10227
BRCX			10228
BRCX			10229
BRCX			10230
BRCX			10231
BRCX			10232
BRCX			10233
BRCX			10234
BRCX			10235
BRCX			10236
BRCX			10237
BRCX			10238
BRCX			10239
BRCX			10240
BRCX			10241
BRCX			10242
BRCX			10243

Error! Unknown document property name. 32


BRCX			10244
BRCX			10245
BRCX			10246
BRCX			10247
BRCX			10248
BRCX			10249
BRCX			10250
BRCX			10251
BRCX			10252
BRCX			10253
BRCX			10254
BRCX			10255
BRCX			10256
BRCX			10257
BRCX			10258
BRCX			10259
BRCX			10260
BRCX			10261
BRCX			10262
BRCX			10263
BRCX			10264
BRCX			10265
BRCX			10266
BRCX			10267
BRCX			10268
BRCX			10269
BRCX			10270
BRCX			10271
BRCX			10272
BRCX			10273
BRCX			10274
BRCX			10275
BRCX			10276
BRCX			10277
BRCX			10278
BRCX			10279
BRCX			10280
BRCX			10281
BRCX			10282
BRCX			10283
BRCX			10284

Error! Unknown document property name. 33


BRCX			10285
BRCX			10286
BRCX			10287
BRCX			10288
BRCX			10289
BRCX			10290
BRCX			10291
BRCX			10292
BRCX			10293
BRCX			10294
BRCX			10295
BRCX			10296
BRCX			10297
BRCX			10298
BRCX			10299
BRCX			10300
BRCX			10301
BRCX			10302
BRCX			10303
BRCX			10304
BRCX			10305
BRCX			10306
BRCX			10307
BRCX			10308
BRCX			10309
BRCX			10310
BRCX			10311
BRCX			10312
BRCX			10313
BRCX			10314
BRCX			10315
BRCX			10316
BRCX			10317
BRCX			10318
BRCX			10319
BRCX			10320
BRCX			10321
BRCX			10322
BRCX			10323
BRCX			10324
BRCX			10325

Error! Unknown document property name. 34

Error! Unknown document property name. 35

EXHIBIT A

CERTIFICATE OF ACCEPTANCE OF RAILROAD CAR

This Certificate relates to the railroad cars listed below leased by Bunge North America, Inc. to Southwest Iowa Renewable Energy, LLC under a Lease for 625 railroad cars dated as of March 25, 2009 into which this certificate is incorporated (by Section 3 thereof).

Railcar Numbers


BRCX			10001
BRCX			10002
BRCX			10003
BRCX			10004
BRCX			10005
BRCX			10006
BRCX			10007
BRCX			10008
BRCX			10009
BRCX			10010
BRCX			10011
BRCX			10012
BRCX			10013
BRCX			10014
BRCX			10015
BRCX			10016
BRCX			10017
BRCX			10018
BRCX			10019
BRCX			10020
BRCX			10021
BRCX			10022
BRCX			10023
BRCX			10024
BRCX			10025
BRCX			10026
BRCX			10027
BRCX			10028
BRCX			10029

Error! Unknown document property name. 36


BRCX			10030
BRCX			10031
BRCX			10032
BRCX			10033
BRCX			10034
BRCX			10035
BRCX			10036
BRCX			10037
BRCX			10038
BRCX			10039
BRCX			10040
BRCX			10041
BRCX			10042
BRCX			10043
BRCX			10044
BRCX			10045
BRCX			10046
BRCX			10047
BRCX			10048
BRCX			10049
BRCX			10050
BRCX			10051
BRCX			10052
BRCX			10053
BRCX			10054
BRCX			10055
BRCX			10056
BRCX			10057
BRCX			10058
BRCX			10059
BRCX			10060
BRCX			10061
BRCX			10062
BRCX			10063
BRCX			10064
BRCX			10065
BRCX			10066
BRCX			10067
BRCX			10068
BRCX			10069
BRCX			10070

Error! Unknown document property name. 37


BRCX			10071
BRCX			10072
BRCX			10073
BRCX			10074
BRCX			10075
BRCX			10076
BRCX			10077
BRCX			10078
BRCX			10079
BRCX			10080
BRCX			10081
BRCX			10082
BRCX			10083
BRCX			10084
BRCX			10085
BRCX			10086
BRCX			10087
BRCX			10088
BRCX			10089
BRCX			10090
BRCX			10091
BRCX			10092
BRCX			10093
BRCX			10094
BRCX			10095
BRCX			10096
BRCX			10097
BRCX			10098
BRCX			10099
BRCX			10100
BRCX			10101
BRCX			10102
BRCX			10103
BRCX			10104
BRCX			10105
BRCX			10106
BRCX			10107
BRCX			10108
BRCX			10109
BRCX			10110
BRCX			10111

Error! Unknown document property name. 38


BRCX			10112
BRCX			10113
BRCX			10114
BRCX			10115
BRCX			10116
BRCX			10117
BRCX			10118
BRCX			10119
BRCX			10120
BRCX			10121
BRCX			10122
BRCX			10123
BRCX			10124
BRCX			10125
BRCX			10126
BRCX			10127
BRCX			10128
BRCX			10129
BRCX			10130
BRCX			10131
BRCX			10132
BRCX			10133
BRCX			10134
BRCX			10135
BRCX			10136
BRCX			10137
BRCX			10138
BRCX			10139
BRCX			10140
BRCX			10141
BRCX			10142
BRCX			10143
BRCX			10144
BRCX			10145
BRCX			10146
BRCX			10147
BRCX			10148
BRCX			10149
BRCX			10150
BRCX			10151
BRCX			10152

Error! Unknown document property name. 39


BRCX			10153
BRCX			10154
BRCX			10155
BRCX			10156
BRCX			10157
BRCX			10158
BRCX			10159
BRCX			10160
BRCX			10161
BRCX			10162
BRCX			10163
BRCX			10164
BRCX			10165
BRCX			10166
BRCX			10167
BRCX			10168
BRCX			10169
BRCX			10170
BRCX			10171
BRCX			10172
BRCX			10173
BRCX			10174
BRCX			10175
BRCX			10176
BRCX			10177
BRCX			10178
BRCX			10179
BRCX			10180
BRCX			10181
BRCX			10182
BRCX			10183
BRCX			10184
BRCX			10185
BRCX			10186
BRCX			10187
BRCX			10188
BRCX			10189
BRCX			10190
BRCX			10191
BRCX			10192
BRCX			10193

Error! Unknown document property name. 40


BRCX			10194
BRCX			10195
BRCX			10196
BRCX			10197
BRCX			10198
BRCX			10199
BRCX			10200
BRCX			10201
BRCX			10202
BRCX			10203
BRCX			10204
BRCX			10205
BRCX			10206
BRCX			10207
BRCX			10208
BRCX			10209
BRCX			10210
BRCX			10211
BRCX			10212
BRCX			10213
BRCX			10214
BRCX			10215
BRCX			10216
BRCX			10217
BRCX			10218
BRCX			10219
BRCX			10220
BRCX			10221
BRCX			10222
BRCX			10223
BRCX			10224
BRCX			10225
BRCX			10226
BRCX			10227
BRCX			10228
BRCX			10229
BRCX			10230
BRCX			10231
BRCX			10232
BRCX			10233
BRCX			10234

Error! Unknown document property name. 41


BRCX			10235
BRCX			10236
BRCX			10237
BRCX			10238
BRCX			10239
BRCX			10240
BRCX			10241
BRCX			10242
BRCX			10243
BRCX			10244
BRCX			10245
BRCX			10246
BRCX			10247
BRCX			10248
BRCX			10249
BRCX			10250
BRCX			10251
BRCX			10252
BRCX			10253
BRCX			10254
BRCX			10255
BRCX			10256
BRCX			10257
BRCX			10258
BRCX			10259
BRCX			10260
BRCX			10261
BRCX			10262
BRCX			10263
BRCX			10264
BRCX			10265
BRCX			10266
BRCX			10267
BRCX			10268
BRCX			10269
BRCX			10270
BRCX			10271
BRCX			10272
BRCX			10273
BRCX			10274
BRCX			10275

Error! Unknown document property name. 42


BRCX			10276
BRCX			10277
BRCX			10278
BRCX			10279
BRCX			10280
BRCX			10281
BRCX			10282
BRCX			10283
BRCX			10284
BRCX			10285
BRCX			10286
BRCX			10287
BRCX			10288
BRCX			10289
BRCX			10290
BRCX			10291
BRCX			10292
BRCX			10293
BRCX			10294
BRCX			10295
BRCX			10296
BRCX			10297
BRCX			10298
BRCX			10299
BRCX			10300
BRCX			10301
BRCX			10302
BRCX			10303
BRCX			10304
BRCX			10305
BRCX			10306
BRCX			10307
BRCX			10308
BRCX			10309
BRCX			10310
BRCX			10311
BRCX			10312
BRCX			10313
BRCX			10314
BRCX			10315
BRCX			10316

Error! Unknown document property name. 43


BRCX			10317
BRCX			10318
BRCX			10319
BRCX			10320
BRCX			10321
BRCX			10322
BRCX			10323
BRCX			10324
BRCX			10325


BNGX			20003
XXXX			00000
XXXX			20011
BNGX			20014
XXXX			00000
XXXX			20028
XXXX			00000
XXXX			20030
XXXX			00000
XXXX			20032
XXXX			00000
XXXX			20038
XXXX			00000
XXXX			20041
XXXX			00000
XXXX			20046
XXXX			00000
XXXX			20051
XXXX			00000
XXXX			20055
XXXX			00000
XXXX			20058
XXXX			00000
XXXX			20061
XXXX			00000
XXXX			20063
XXXX			00000
XXXX			20067
XXXX			00000
XXXX			20073

Error! Unknown document property name. 44


BNGX			20077
BNGX			20081
XXXX			00000
XXXX			20094
BNGX			20098
XXXX			00000
XXXX			20104
XXXX			00000
XXXX			20108
XXXX			00000
XXXX			20114
XXXX			00000
XXXX			20118
XXXX			00000
XXXX			20120
XXXX			00000
XXXX			20126
XXXX			00000
XXXX			20128
XXXX			00000
XXXX			20131
XXXX			00000
XXXX			20133
XXXX			00000
XXXX			20135
XXXX			00000
XXXX			20137
XXXX			00000
XXXX			20139
XXXX			00000
XXXX			20141
XXXX			00000
XXXX			20143
XXXX			00000
XXXX			20145
XXXX			00000
XXXX			20147
XXXX			00000
XXXX			20149
XXXX			00000
XXXX			20151

Error! Unknown document property name. 45


BNGX			20152
BNGX			20153
XXXX			00000
XXXX			20155
BNGX			20156
XXXX			00000
XXXX			20158
XXXX			00000
XXXX			20160
XXXX			00000
XXXX			20162
XXXX			00000
XXXX			20164
XXXX			00000
XXXX			20166
XXXX			00000
XXXX			20168
XXXX			00000
XXXX			20170
XXXX			00000
XXXX			20172
XXXX			00000
XXXX			20174
XXXX			00000
XXXX			20176
XXXX			00000
XXXX			20178
XXXX			00000
XXXX			20180
XXXX			00000
XXXX			20182
XXXX			00000
XXXX			20184
XXXX			00000
XXXX			20186
XXXX			00000
XXXX			20188
XXXX			00000
XXXX			20190
XXXX			00000
XXXX			20192

Error! Unknown document property name. 46


BNGX			20193
BNGX			20194
XXXX			00000
XXXX			20196
BNGX			20197
XXXX			00000
XXXX			20199
XXXX			00000
XXXX			20201
XXXX			00000
XXXX			20203
XXXX			00000
XXXX			20205
XXXX			00000
XXXX			20207
XXXX			00000
XXXX			20209
XXXX			00000
XXXX			20211
XXXX			00000
XXXX			20213
XXXX			00000
XXXX			20215
XXXX			00000
XXXX			20217
XXXX			00000
XXXX			20219
XXXX			00000
XXXX			20221
XXXX			00000
XXXX			20223
XXXX			00000
XXXX			20225
XXXX			00000
XXXX			20227
XXXX			00000
XXXX			20229
XXXX			00000
XXXX			20231
XXXX			00000
XXXX			20233

Error! Unknown document property name. 47


BNGX			20234
BNGX			20235
XXXX			00000
XXXX			20237
BNGX			20238
XXXX			00000
XXXX			20240
XXXX			00000
XXXX			20242
XXXX			00000
XXXX			20244
XXXX			00000
XXXX			20246
XXXX			00000
XXXX			20248
XXXX			00000
XXXX			20250
XXXX			00000
XXXX			20252
XXXX			00000
XXXX			20254
XXXX			00000
XXXX			20256
XXXX			00000
XXXX			20258
XXXX			00000
XXXX			20260
XXXX			00000
XXXX			20262
XXXX			00000
XXXX			20264
XXXX			00000
XXXX			20266
XXXX			00000
XXXX			20268
XXXX			00000
XXXX			20270
XXXX			00000
XXXX			20272
XXXX			00000
XXXX			20274

Error! Unknown document property name. 48


BNGX			20275
BNGX			20276
XXXX			00000
XXXX			20278
BNGX			20279
XXXX			00000
XXXX			20281
XXXX			00000
XXXX			20283
XXXX			00000
XXXX			20285
XXXX			00000
XXXX			20287
XXXX			00000
XXXX			20289
XXXX			00000
XXXX			20291
XXXX			00000
XXXX			20293
XXXX			00000
XXXX			20295
XXXX			00000
XXXX			20297
XXXX			00000
XXXX			20299
XXXX			00000
XXXX			20301
XXXX			00000
XXXX			20303
BNGX			20304
XXXX			00000
XXXX			20306
XXXX			00000
XXXX			20308
XXXX			00000
XXXX			20310
XXXX			00000
XXXX			20312
BNGX			20313
XXXX			00000
XXXX			20315

Error! Unknown document property name. 49


BNGX			20316
BNGX			20317
XXXX			00000
XXXX			20319
XXXX			00000
XXXX			20321
XXXX			00000
XXXX			20323
XXXX			00000
XXXX			20325
XXXX			00000
XXXX			20327
XXXX			00000
XXXX			20329
XXXX			00000
XXXX			20331
XXXX			00000
XXXX			20333
XXXX			00000
XXXX			20335
XXXX			00000
XXXX			20337
XXXX			00000
XXXX			20339
XXXX			00000
XXXX			20341
XXXX			00000
XXXX			20343
XXXX			00000
XXXX			20345
XXXX			00000
XXXX			20347
XXXX			00000
XXXX			20349
XXXX			00000
XXXX			20351
BNGX			20352
XXXX			00000
XXXX			20354
XXXX			00000
XXXX			20356

Error! Unknown document property name. 50


BNGX			20357
BNGX			20358
XXXX			00000
XXXX			20360
BNGX			20361
XXXX			00000
XXXX			20363
XXXX			00000
XXXX			20365
XXXX			00000
XXXX			20367
XXXX			00000
XXXX			20369
XXXX			00000
XXXX			20371
XXXX			00000
XXXX			20373
XXXX			00000
XXXX			20375
BNGX			20376
XXXX			00000
XXXX			20378
BNGX			20379
XXXX			00000

Xxxxxx hereby certifies that the railcars listed above were delivered to and received by Lessee, determined to be acceptable under the applicable standards (set forth in Section 3 of the Lease); and Lessee hereby certifies its acceptance of the railcars as of January 30, 2009.

LESSEE:

SOUTHWEST IOWA RENEWABLE ENERGY, LLC

BY: /s/ Xxxxx King_________________

TITLE: Chairman of the Board_______

Error! Unknown document property name. 51

Error! Unknown document property name. 52

Document Metadata

Table of Contents

AMENDED AND RESTATED RAILCAR LEASE AGREEMENT

Document Metadata