Expansion Construction Note Sample Contracts

EXPANSION CONSTRUCTION NOTE
Expansion Construction Note • November 14th, 2006 • Northern Growers LLC • Industrial organic chemicals

FOR VALUE RECEIVED, Northern Lights Ethanol, LLC, a South Dakota limited liability company (“Borrower”), hereby promises to pay to the order of U.S. Bank National Association, a national banking association (“Lender”, which term shall include any future holder hereof), at or at such other place as Lender may from time to time designate in writing, in lawful money of the United States of America, the principal sum of Thirty-Three Million and no/100 Dollars ($33,000,000.00) (the “Expansion Loan”) or so much thereof as may be advanced hereunder, and to pay interest on the outstanding principal balance hereof from time to time at the rate set forth herein. This Note is given pursuant to that Amended and Restated Loan Agreement (the “Amended Loan Agreement”) between Lender and Borrower dated the same date as this Note. The Expansion Loan shall initially be known as the “Expansion Loan” and in the event the Expansion Loan converts to long term financing, will be known as the “Term Loan” as o

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