CHANGE IN TERMS AGREEMENT

Principal $2,2000,000.00 Loan Date 07-17-2006 Maturity 10-17-2006 Loan No. 108002938 Call/Coll 1E/150 Account Officer TLG Initials

References in the shaded area are for Lender's use only and do not limit the applicability

of this document to any particular loan or item.

Any item above containing "***" has been omitted due to text length limitations.

Borrower: Southern Iowa BioEnergy LLC	Lender: Great Western Bank
115 So Linden	Leon
Lamoni, IA 50140	111 N. Main
	PO Box 171
	Leon, IA 50144

Principal Amount: $2,200,000.00 Interest Rate:  12.000% Date of Agreement:  April 17,  2006

DESCRIPTION OF CHANGE IN TERMS. The current balance of this loan is $685,000.00. This agreement will extend the maturity date of the loan to 8-17-2007 and change the interest rate to 10.24%. All other terms remain unchanged.

CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does not waive Lender’s right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing in this Agreement will constitutes a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and endorsers of the original obligation(s), including accommodation parties, unless a party expressly released by Lender in writing. Any maker or endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the representation to Lender the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.

PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER AGREES TO THE TERMS OF THIS AGREEMENT.

BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS CHANGE IN TERMS AGREEMENT AND ALL OTHER DOCUMENTS RELATING TO THIS DEBT.

BORROWER:

SOUTHERN IOWA BIOENERGY LLC

By:	/s/ William T. Higdon	By:	/s/ Alan Elefson
	William T. Higdon, President of Southern IowaBioEnergy LLC		Alan Elefson, Treasurer of Southern Iowa BioEnergy LLC