0001104659-04-024490 Sample Contracts

SECURITY AGREEMENT
Security Agreement • August 16th, 2004 • South Dakota Soybean Processors LLC • Agricultural services • Colorado

THIS SECURITY AGREEMENT is executed and delivered by SOUTH DAKOTA SOYBEAN PROCESSORS, LLC (the “Debtor”), a South Dakota limited liability company, having its place of business (or chief executive office if more than one place of business) located at 100 Caspian Avenue, Volga, South Dakota 57071, and whose taxpayer identification number is 46-0462968, 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 16th, 2004 • South Dakota Soybean Processors LLC • Agricultural services

THIS SUPPLEMENT to the Master Loan Agreement dated June 17, 2004 (the “MLA”), is entered into as of June 17, 2004 between CoBANK, ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, VOLGA, SOUTH DAKOTA (the “Company”), and amends and restates the Supplement dated February 26, 2002 and numbered BO5IT05D executed by South Dakota Soybean Processors and assumed by the Company.

MASTER LOAN AGREEMENT
Master Loan Agreement • August 16th, 2004 • South Dakota Soybean Processors LLC • Agricultural services • Colorado

THIS MASTER LOAN AGREEMENT is entered into as of June 17, 2004, between CoBANK ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the “Company”).

STATUSED REVOLVING CREDIT SUPPLEMENT
Revolving Credit Supplement • August 16th, 2004 • South Dakota Soybean Processors LLC • Agricultural services

THIS SUPPLEMENT to the Master Loan Agreement dated June 17, 2004 (the “MLA”), is entered into as of June 17, 2004 between CoBANK, ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, VOLGA, SOUTH DAKOTA (the “Company”), and amends and restates the Supplement dated February 26, 2002 and numbered BO51S01F executed by South Dakota Soybean Processors and assumed by the Company.

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