US BioEnergy CORP
AMENDMENT NO. 1 TO FOURTH SUPPLEMENT TO THE MASTER LOAN AGREEMENT
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<TYPE>EX-10.14
<SEQUENCE>14
<FILENAME>c21359exv10w14.htm
<DESCRIPTION>AMENDMENT NO. 1 TO FOURTH SUPPLEMENT TO THE MASTER LOAN AGREEMENT
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;10.14
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMENDMENT NO. 1 TO<BR>
FOURTH SUPPLEMENT TO THE MASTER LOAN AGREEMENT<BR>
(TERM REVOLVING LOAN)</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment No.&nbsp;1 to Fourth Supplement to the Master Loan Agreement (this &#147;<B>Amendment</B>&#148;) is
effective as of October&nbsp;19, 2007, between <B>US BIO ALBERT CITY, LLC</B>, an Iowa limited liability
company (&#147;<B>Borrower</B>&#148;) and <B>AGSTAR FINANCIAL SERVICES, PCA </B>(&#147;<B>Lender</B>&#148;).
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>RECITALS</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Lender has extended various credit facilities to Borrower for the purposes of acquiring,
constructing, equipping, furnishing and operating an ethanol production facility in Buena Vista
County, Iowa, pursuant to that certain Master Loan Agreement dated as of November&nbsp;15, 2005 (as
amended by that certain Amendment No.1 and Waiver to Master Loan Agreement dated as of July&nbsp;31,
2006, and by that certain Amended and Restated Master Loan Agreement dated as of February&nbsp;26, 2007)
(as amended, the &#147;<B>MLA</B>&#148;); First Supplement to the Master Loan Agreement (Construction Loan) dated as
of November&nbsp;15, 2005 (as amended by that certain Amendment No.1 to Amended and Restated First
Supplement to Master Loan Agreement dated as of July&nbsp;31, 2006, by that certain Amended and Restated
First Supplement to the Master Loan Agreement (Construction Loan) dated as of January&nbsp;24, 2006, and
by that certain Second Amended and Restated First Supplement to the Amended and Restated Master
Loan Agreement (Construction Loan) dated as of February&nbsp;26, 2007) (as amended, the &#147;<B>First
Supplement</B>&#148;); Second Supplement to the Master Loan Agreement (Revolving Loan) dated as of November
15, 2005 (the &#147;<B>Second Supplement</B>&#148;); Third Supplement to the Master Loan Agreement (Term Loan) dated
as of February&nbsp;26, 2007 (the &#147;<B>Third Supplement</B>&#148;); and Fourth Supplement to the Master Loan
Agreement (Term Revolving Loan) dated as of February&nbsp;26, 2007 (the &#147;<B>Fourth Supplement</B>&#148;). The MLA,
First Supplement, Second Supplement, Third Supplement and Fourth Supplement are referred to
collectively hereinafter as the &#147;<B>Loan Agreement</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;Borrower has requested Lender amend certain provisions of the Loan Agreement, and Lender
has agreed to such amendments upon the terms and conditions set forth herein.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Unless otherwise expressly defined herein, capitalized terms used herein shall have the
same meaning ascribed to them in the MLA.
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AGREEMENT</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in consideration of the premises herein contained, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto herby agree as follows:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. <U><B>Amendment to Fourth Supplement</B></U><B>. </B>Section&nbsp;11 of the Fourth Supplement is hereby deleted
in its entirety.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. <U><B>Conditions to Effectiveness of this Amendment</B></U><B>. </B>This Amendment shall become effective as
of the date hereof upon the satisfaction of the conditions precedent that Lender shall have
received, on or before the date hereof, executed counterparts of this Amendment, duly executed by
each of the parties hereto, and an executed Consent and Reaffirmation of Guaranty in the form
attached hereto as Exhibit&nbsp;A, duly executed by the Guarantor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. <U><B>Representations and Warranties</B></U><B>. </B>Borrower hereby represents to Lender that, after giving
effect to this Amendment:
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;All of the representations and warranties of Borrower contained in the MLA and in each
other Loan Document are true and correct in all material respects as though made on and as of the
date hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;As the date hereof, except as otherwise specifically stated herein, no Event of Default
has occurred and is continuing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">4. <U><B>Miscellaneous</B></U><B>.</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Effect; Ratification</U>. The amendments set forth herein are effective solely for
the purposes set forth herein and shall be limited precisely as written, and shall not be deemed to
(i)&nbsp;be a consent to, or an acknowledgment of, any amendment, waiver or modification of any other
term or condition of the Loan Agreement or (ii)&nbsp;prejudice any right or remedy which Lender may now
have or may have in the future under or in connection with the Loan Agreement, as amended hereby,
or any other instrument or agreement referred to therein. Each reference in the Loan Agreement and
in other Loan Document to the &#147;Fourth Supplement&#148; shall mean the Fourth Supplement, as amended
hereby
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Loan Documents</U>. This Amendment is a Loan Document executed pursuant to the MLA
and shall be construed, administered and applied in accordance with the terms and provisions
thereof.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Counterparts</U>. This Amendment may be executed in any number of counterparts, each
such counterpart constituting an original and all of which when taken together shall constitute one
and the same instrument.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Severability</U>. Any provision contained in this Amendment which is held to be
inoperative, unenforceable or invalid in any jurisdiction shall, as to that jurisdiction, be
inoperative, unenforceable or invalid without affecting the remaining provisions of this Amendment
in that jurisdiction or the operation, enforceability or validity of such provision in any other
jurisdiction.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>GOVERNING LAW</U>. THIS AMENDMENT SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF MINNESOTA.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>WAIVER OF JURY TRIAL</U>. THE BORROWER AND THE LENDER HEREBY IRREVOCABLY WAIVE ALL
RIGHTS TO TRIAL BY JURY IN ANY ACTION,
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT TO WHICH IT IS A PARTY
OR ANY INSTRUMENT OR DOCUMENT DELIVERED THEREUNDER.
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">{SIGNATURE PAGE FOLLOWS}
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE PAGE TO
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMENDMENT NO. 1 TO<BR>
FOURTH SUPPLEMENT TO THE MASTER LOAN AGREEMENT</B>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">BY AND BETWEEN<BR>
US BIO ALBERT CITY, LLC<BR>
AND<BR>
AGSTAR FINANCIAL SERVICES, PCA
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">DATED: October&nbsp;19, 2007
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered
by their respective duly authorized officers as of the date first written above.
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>BORROWER:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>US BIO ALBERT CITY, LLC,</B><BR>
an Iowa limited liability company

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<DIV align="left" style="margin-top: 12pt">
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<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">By: </TD>
    <TD nowrap align="left">/s/ </TD>
    <TD>Kelly S. Langley<BR>Kelly S. Langley<BR>Its: Treasurer</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>LENDER:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>AGSTAR FINANCIAL SERVICES, PCA,</B><BR>
a United States corporation

</DIV>

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<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">By:</TD>
    <TD  nowrap align="left">/s/</TD>
    <TD> Mark Schmidt<br>
    Mark Schmidt<BR>
Its: Vice President</TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>EXHIBIT A</B></U>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>CONSENT AND REAFFIRMATION OF GUARANTY</B></U>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned, US BioEnergy Corporation, hereby:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;consents to the modifications set forth in: (a)&nbsp;that certain Amendment No.&nbsp;1 to Amended
And Restated Master Loan Agreement effective as of October&nbsp;19, 2007; (b)&nbsp;that certain Amendment No.
1 to Second Supplement to the Master Loan Agreement effective as of October&nbsp;19, 2007; (c)&nbsp;that
certain Amendment No.&nbsp;1 to Third Supplement to the Master Loan Agreement effective as of October
19, 2007; (d)&nbsp;that certain Allonge to the Term Note effective as of October&nbsp;19, 2007; (e)&nbsp;that
certain Amendment No.&nbsp;1 to Fourth Supplement to the Master Loan Agreement effective as of October
19, 2007; and (f)&nbsp;that certain Allonge to the Term Revolving Note effective as of October&nbsp;19, 2007;
and
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;reaffirms the guaranty of the undersigned, as set forth in that certain Amended and
Restated Continuing Guaranty made as of February&nbsp;26, 2007, by the undersigned for the benefit of
Lender, is and shall remain in full force and effect.
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    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>US BIOENERGY CORPORATION</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">/s/ Kelly S. Langley
&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Kelly S. Langley&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Its:  Treasurer&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD colspan="5">&nbsp;</TD>
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