0001003297-11-000269 Sample Contracts

CoBANK, ACB SECURITY AGREEMENT
Security Agreement • August 1st, 2011 • U. S. Premium Beef, LLC • Agricultural prod-livestock & animal specialties • Colorado

THIS SECURITY AGREEMENT is executed and delivered by U.S. Premium Beef, LLC (the “Debtor”), a Delaware limited liability company, having its place of business (or chief executive office if more than one place of business) located at 12200 North Ambassador Drive, Kansas City, Missouri 64163, and with a mailing address of P.O. Box 20103, Kansas City, MO 64195, to CoBANK, ACB (the “Secured Party”), a federally chartered instrumentality of the United States, whose mailing address is P.O. Box 5110, Denver, Colorado 80217.

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REVOLVING TERM LOAN SUPPLEMENT
Revolving Term Loan Supplement • August 1st, 2011 • U. S. Premium Beef, LLC • Agricultural prod-livestock & animal specialties

THIS SUPPLEMENT to the Master Loan Agreement dated July 26, 2011 (the “MLA”), is entered into as of July 26, 2011 between CoBANK, ACB (“CoBank”) and U.S. PREMIUM BEEF, LLC, Kansas City, Missouri (the “Company”). and amends and restates the Supplement dated June 23, 2009.

MASTER LOAN AGREEMENT
Master Loan Agreement • August 1st, 2011 • U. S. Premium Beef, LLC • Agricultural prod-livestock & animal specialties • Kansas

THIS MASTER LOAN AGREEMENT is entered into as of July 26, 2011, between CoBANK, ACB (“CoBank”) and U.S. Premium Beef, LLC, a Delaware limited liability company located in Kansas City, Missouri (the “Company”).

PLEDGE AGREEMENT
Pledge Agreement • August 1st, 2011 • U. S. Premium Beef, LLC • Agricultural prod-livestock & animal specialties • Colorado

THIS PLEDGE AGREEMENT, dated as of July 26, 2011, is entered into by and between COBANK, ACB, a federally chartered instrumentality of the United States (“CoBank”), and U.S. PREMIUM BEEF, LLC, a Delaware limited liability company (the “Pledgor”).

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