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<SEC-DOCUMENT>0001299933-09-000701.txt : 20090211
<SEC-HEADER>0001299933-09-000701.hdr.sgml : 20090211
<ACCEPTANCE-DATETIME>20090211140547
ACCESSION NUMBER:		0001299933-09-000701
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20090210
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090211
DATE AS OF CHANGE:		20090211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHS INC
		CENTRAL INDEX KEY:			0000823277
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-FARM PRODUCT RAW MATERIALS [5150]
		IRS NUMBER:				410251095
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50150
		FILM NUMBER:		09588949

	BUSINESS ADDRESS:	
		STREET 1:		5500 CENEX DRIVE
		CITY:			INVER GROVE HEIGHTS
		STATE:			MN
		ZIP:			55077
		BUSINESS PHONE:		651-355-6000

	MAIL ADDRESS:	
		STREET 1:		5500 CENEX DRIVE
		CITY:			INVER GROVE HEIGHTS
		STATE:			MN
		ZIP:			55077

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENEX HARVEST STATES COOPERATIVES
		DATE OF NAME CHANGE:	19980611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARVEST STATES COOPERATIVES
		DATE OF NAME CHANGE:	19961212
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_31320.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
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<TITLE> CHS Inc. (Form: 8-K) </TITLE>
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<A NAME="DOCUMENT_TOP">&nbsp;</A>
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<FONT SIZE="4">
		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
</FONT>
<BR>
<FONT SIZE="2">
	WASHINGTON, D.C. 20549
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K
</FONT>
<FONT SIZE="2">

</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="3">
	CURRENT REPORT
</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
</FONT>
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<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
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	&nbsp;
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	&nbsp;
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	&nbsp;
</TD>
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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<FONT SIZE="2">
	February 10, 2009
</FONT>
</TD>
</TR>
</TABLE>
<BR>
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<P ALIGN="CENTER"><!-- -->
<FONT SIZE="6">
	CHS Inc.
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
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	&nbsp;
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<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="33%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Minnesota
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	0-50150
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	41-0251095
</FONT>
</TD>
</TR>
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________________<BR>
	(State or other jurisdiction
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________<BR>
	(Commission
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
______________<BR>
	(I.R.S. Employer
</FONT>
</TD>
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<FONT SIZE="2">
	of incorporation)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	File Number)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Identification No.)
</FONT>
</TD>
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<FONT SIZE="2">
	&nbsp;&nbsp;
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	&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	5500 Cenex Drive, Inver Grove Heights, Minnesota
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	55077
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
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<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
</FONT>
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___________<BR>
	(Zip Code)
</FONT>
</TD>
</TR>
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</CENTER>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

<TR VALIGN="BOTTOM">
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	&nbsp;
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	&nbsp;
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	&nbsp;
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	Registrant&#146;s telephone number, including area code:
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	651-355-6000
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
</P></FONT><!-- PageBreak START -->
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<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
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<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 1.01 Entry into a Material Definitive Agreement.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
On February 10, 2009, the Company renewed its 364-day revolving credit facility with a committed amount of $300.0 million.  Amendments were also made to affirmative and negative covenants.  In addition, the Company's existing $1.3 billion five-year revolving credit facility was amended so that the covenants would be consistent with the covenant changes made to the 364-day facility.  The agreements are attached as exhibits to this Current Report on Form 8-K.
</FONT>
</P>
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<BR><BR><BR><BR><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
(d) Exhibits<br><br>10.1 Second Amendment to Credit Agreement (364-day Revolving Loan) by and between CHS Inc., CoBank, ACB and the Syndication Parties dated as of February 10, 2009<br><br>10.2 Fifth Amendment to 2006 Amended and Restated Credit Agreement by and among CHS Inc., CoBank, ACB and the Syndication Parties, dated February 10, 2009
</FONT>
</P>
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<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
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<P ALIGN="CENTER">
<FONT SIZE="2">
<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
</FONT>
</P>
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<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
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	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="3%">
	&nbsp;
</TD>
<TD WIDTH="1%">
	&nbsp;
</TD>
<TD WIDTH="43%">
	&nbsp;
</TD>
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<FONT SIZE="2">
	&nbsp;
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</TD>
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<FONT SIZE="2">
	&nbsp;
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<TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
<FONT SIZE="2">
	CHS Inc.
</FONT>
</TD>
</TR>
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<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
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<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
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<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
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<FONT SIZE="2">
<I>
	February 11, 2009
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	/s/ John Schmitz
</I>
<BR>
</FONT>
</TD>
</TR>
<TR>
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<HR SIZE="1" NOSHADE>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Name: John Schmitz
</I>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
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<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Title: Executive Vice President and Chief Financial Officer
</I>
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
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<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><P ALIGN="CENTER">
<FONT SIZE="2">
	Exhibit&nbsp;Index
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="60%">
<TR VALIGN="BOTTOM">
<TD WIDTH="8%">
	&nbsp;
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<TD WIDTH="15%">
	&nbsp;
</TD>
<TD WIDTH="77%">
	&nbsp;
</TD>
</TR>

<BR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Exhibit No.
</B>
</FONT>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Description
</B>
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<TD NOWRAP ALIGN="CENTER">
<HR SIZE="1" NOSHADE>
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	&nbsp;
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</TD>
</TR>





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<FONT SIZE="2">
<DIV ALIGN="LEFT">
	10.1
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
10.1 Second Amendment to Credit Agreement (364-day Revolving Loan) by and between CHS Inc., CoBank, ACB and the Syndication Parties dated as of February 10, 2009
</FONT>
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<FONT SIZE="2">
<DIV ALIGN="LEFT">
	10.2
</DIV>
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<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
10.2 Fifth Amendment to 2006 Amended and Restated Credit Agreement by and among CHS Inc., CoBank, ACB and the Syndication Parties, dated February 10, 2009
</FONT>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-10.1
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<TITLE> EX-10.1 </TITLE>
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>SECOND AMENDMENT TO CREDIT AGREEMENT</B></FONT>



<P align="left" style="font-size: 12pt"><B>Parties:</B>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&#147;CoBank&#148;:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CoBank, ACB<BR>
5500 South Quebec Street<BR>
Greenwood Village, Colorado 80111</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&#147;Borrower&#148;:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CHS Inc.<BR>
5500 Cenex Drive<BR>
Inver Grove Heights, Minnesota 55077</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&#147;Syndication Parties&#148;:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The entities name below on the signature pages</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top"><B>Execution Date:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">February&nbsp;10, 2009</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt"><B>Recitals:</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">A.&nbsp;CoBank, in its capacity as Administrative Agent (&#147;<B>Administrative Agent</B>&#148;) and as a
Syndication Party, the Syndication Parties signatory thereto (collectively with any Persons who
have become or who become Syndication Parties, &#147;<B>Syndication Parties</B>&#148;), and Borrower have entered
into that certain Credit Agreement (364-Day Revolving Loan) dated as of February&nbsp;14, 2008, and that
certain First Amendment to Credit Agreement dated as of May&nbsp;1, 2008 (as amended, and as further
amended, modified, or supplemented from time to time, the &#147;<B>Credit Agreement</B>&#148;), pursuant to which
the Syndication Parties have extended certain credit facilities to Borrower under the terms and
conditions set forth in the Credit Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">B.&nbsp;Borrower has requested that the Agent and the Syndication Parties amend certain terms of
the Credit Agreement, which the Agent and the Syndication Parties are willing to do under the terms
and conditions as set forth in this Second Amendment to Credit Agreement (&#147;Second Amendment&#148;).


<P align="left" style="font-size: 12pt"><B>Agreement</B>:


<P align="left" style="font-size: 12pt; text-indent: 4%">Now, therefore, in consideration of the mutual covenants and agreements herein contained and
other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,
the parties hereto hereby agree as follows:


<P align="center" style="font-size: 10pt; display: none; text-indent: 4%">1
<!-- PAGEBREAK -->

<P align="left" style="font-size: 12pt; text-indent: 4%">1.&nbsp;<B>Amendments to Credit Agreement</B>. The Credit Agreement is amended as of the Effective Date
as follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.1 The following Sections of Article&nbsp;1 are hereby amended in their entirety to read as
follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.19 <U>Base Rate</U>: means a rate per annum announced by the Administrative Agent on
the first Business Day of each week, which shall be the sum of (a)&nbsp;the higher of (i)&nbsp;150
basis points greater than the highest of the one week, or one month LIBO Rate or (ii)&nbsp;the
Prime Rate, plus (b)&nbsp;the Base Rate Applicable Margin.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.83 <U>LIBO Rate</U>: means (a)&nbsp;with respect to each day during each LIBO Rate Period
applicable to a LIBO Rate Loan, (i)&nbsp;the per annum rate for the LIBO Rate Period selected by
Borrower, as quoted by the British Bankers&#146; Association (or if such quotation source is
unavailable, such other quotation source as may be reasonably selected by the Administrative
Agent) for the purpose of displaying London Interbank Offered Rates for U.S. Dollar
deposits, determined effective as of 11:00&nbsp;A.M. (London Time) on the day which is two (2)
Banking Days prior to the first day of each LIBO Rate Period, rounded up to the 1/100th of
1% per annum, plus (ii)&nbsp;the LIBO Rate Applicable Margin or (b)&nbsp;with respect to the
determination of the Base Rate, the per annum rate as quoted by the British Bankers&#146;
Association (or if such quotation source is unavailable, such other quotation source as may
be reasonably selected by the Administrative Agent) for the purpose of displaying London
Interbank Offered Rates for U.S. Dollar deposits, determined effective as of 11:00&nbsp;A.M.
(London Time) for the determination period relating thereto, on the date of determination,
in each case, with the LIBOR rate divided by a percentage equal to 100% minus the stated
maximum rate of all reserve requirements (including, without limitation, any marginal,
emergency, supplemental, special or other reserves) applicable on such date to any member
bank of the Federal Reserve System in respect of &#147;Eurocurrency liabilities&#148; as defined in
Regulation&nbsp;D (or any successor category of liabilities under Regulation&nbsp;D).



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.135 <U>364-Day Commitment</U>: shall be $300,000,000.00, (as may be amended pursuant
to Section&nbsp;2.9), subject to reduction as provided in Section&nbsp;2.8 hereof.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
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    <TD width="5%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom" style="font-size: 12pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.141Intentionally Omitted.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.142364-Day Maturity Date: February&nbsp;8, 2010.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The following new Sections are added to Article&nbsp;1 reading as follows:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.147 <U>Base Rate Applicable Margin</U>: the Base Rate Applicable Margin determined
as set forth in <U>Schedule&nbsp;2</U> hereto and Section&nbsp;4.6 hereto.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.148 <U>LIBO Rate Applicable Margin</U>: the LIBO Rate Applicable Margin determined
as set forth in <U>Schedule&nbsp;2</U> hereto and Section&nbsp;4.6 hereto.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.149 <U>Prime Rate</U>: means a rate of interest per annum equal to the &#147;prime rate&#148;
as published from time to time in the Eastern Edition of the <I>Wall Street Journal </I>as the
average prime lending rate for seventy-five percent (75%) of the United States&#146; thirty (30)
largest commercial banks, or if the <I>Wall Street Journal </I>shall cease publication or cease
publishing the &#147;prime rate&#146;&#146; on a regular basis, such other regularly published average
prime rate applicable to such commercial banks as is acceptable to the Administrative Agent
in its reasonable discretion.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.150 <U>Second Amendment</U>: means the Second Amendment to Credit Agreement dated as
of February&nbsp;10, 2009 and between the parties hereto.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.3 <U>Schedule&nbsp;1</U> to the Credit Agreement referred to in the preamble, in Section
1.77 (<U>Individual 364-Day Commitment</U>), in Section&nbsp;1.129 (<U>Syndication
Parties</U>), Section&nbsp;2.9 (<U>Increase of 364-Day Commitment</U>) and in Section&nbsp;14.6.3
(<U>Loan Administration</U>), is replaced by the <U>Schedule&nbsp;1</U> attached to this Second
Amendment.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.4 <U>Schedule&nbsp;2</U> to the Credit Agreement referred to in Section&nbsp;1.137
(<U>364-Day Facility Fee Factor</U>), in Section&nbsp;1.147 (<U>Base Rate Applicable
Margin</U>), and in Section&nbsp;1.148 (<U>LIBO Rate Applicable Margin</U>), is replaced by the
<U>Schedule&nbsp;2</U> attached to this Second Amendment.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.5 Section&nbsp;2.9 (<U>Increase of 364-Day Commitment</U>) is amended as follows: The
amount &#147;$100,000,000&#148; shall be amended to read &#147;$300,000,000&#148;.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.6 Section&nbsp;4.6 is amended in its entirety to read as follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">4.6 <U>Base Rate Applicable Margin; LIBO Rate Applicable Margin; 364-Day Facility Fee
Factor</U>. If the Compliance Certificate with respect to any Fiscal Quarter is not
received by the Administrative Agent by the date required as provided in Subsections 10.2.1
and 10.2.2 hereof, the Base Rate Applicable Margin, the LIBO Rate Applicable Margin and the
364-Day Facility Fee Factor, for the period commencing on the first day of the Fiscal
Quarter commencing immediately after the Fiscal Quarter for which such Compliance Report was
required, shall be 95.0 basis points, 195.0 basis points and 25.0 basis points, respectively
for that entire Fiscal Quarter.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.7 Section&nbsp;10.14.1 (Working Capital), is amended as follows: The amount
&#147;$250,000,000&#148; shall be amended to read &#147;$750,000,000&#148;. The corresponding amount of
&#147;$250,000,000&#148; in Exhibit&nbsp;1.40 referred to in Section&nbsp;1.40 (Compliance Certificate) shall
also be amended to read &#147;$750,000,000&#148;.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.8 Section&nbsp;11.6 (<U>Loans</U>) is amended as follows: The amount &#147;$200,000,000&#148;
shall be amended to read &#147;$300,000,000&#148;.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.9 Subsection (g)&nbsp;of Section&nbsp;11.8 (<U>Investments</U>) is amended in its entirety to
read as follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">(g) (i)&nbsp;Investments by Borrower in the Restricted Subsidiaries in an unlimited amount,
and (ii)&nbsp;Investments after the Effective Date of the Second Amendment, by Borrower in
Consolidated Subsidiaries, except Cofina, LLC, in addition to Investments by Borrower in the
Restricted Subsidiaries, in an aggregate amount outstanding at any point in time not
exceeding $200,000,000.00;



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.10 Subsection (a)(i) of Section&nbsp;11.7 (<U>Merger; Acquisitions; Business Form;
Etc<B>.</B></U>) is amended in its entirety to read as follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">(i)&nbsp;The book value of the assets of Borrower and its Subsidiaries does not increase due
to all such mergers, consolidations or acquisitions by an aggregate amount in excess of
$500,000,000.00 in any Fiscal Year of Borrower;



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.11 Subsection (k)&nbsp;of Section&nbsp;11.8 (<U>Investments</U>) is amended in its entirety to
read as follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">(k)&nbsp;Investments after the Effective Date of the Second Amendment, in addition to those
permitted by clauses (a)&nbsp;through (j)&nbsp;above, in an aggregate amount outstanding at any point
in time not exceeding $350,000,000.00.


<P align="left" style="font-size: 12pt; text-indent: 4%">2.&nbsp;<B>Reallocation of 364-Day Advances</B>. Each of the Syndication Parties agrees that: (a)&nbsp;the
aggregate outstanding balance of 364-Day Advances under the Credit Agreement as of the Effective
Date shall on such date be aggregated and reallocated among each of the Syndication Parties, and
thereafter treated as 364-Day Advances under the Credit Agreement, in accordance with their
respective Individual 364-Day Pro Rata Shares (determined by the Administrative Agent on the basis
of the revised <U>Schedule&nbsp;1</U> attached hereto); (b)&nbsp;to the extent such reallocation as
described in clause (a)&nbsp;of this Section (&#147;<B>Reallocation</B>&#148;) results in the 364-Day Advances allocated
to any Syndication Party being in excess of the 364-Day Advances which were allocated to such
Syndication Party under the Credit Agreement immediately prior to such Reallocation, such
Syndication Party shall remit to the Administrative Agent funds in the amount of any such excess by
2:00 P.M. (Central time) on the Effective Date in the manner provided in the Credit Agreement; and
(c)&nbsp;to the extent such Reallocation results in the 364-Day Advances allocated to any Syndication
Party being less than the 364-Day Advances which were allocated to such Syndication Party under the
Credit Agreement immediately prior to such Reallocation (&#147;<B>Reduction</B>&#148;), the Administrative Agent
shall, from amounts received from the Syndication Parties pursuant to clause (b)&nbsp;of this Section,
remit the amount of such Reduction to such Syndication Party in the manner provided in the Credit
Agreement. To the extent that any Syndication Party fails to remit funds to the Administrative
Agent as required under clause (b)&nbsp;of this Section, the Administrative Agent shall provide such
funds and such funds shall be deemed to be the Delinquent Amount, such Syndication Party shall be
deemed to be a Delinquent Syndication Party subject to all of the obligations set forth in the
Credit Agreement, and the Administrative Agent shall be deemed to be a Contributing Syndication
Party with all of the rights set forth in the Credit Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.&nbsp;<B>Conditions to Effectiveness of this Second Amendment. </B>The effectiveness of this Second
Amendment is subject to satisfaction, in the Administrative Agent&#146;s sole discretion, of each of the
following conditions precedent (the date on which all such conditions precedent are so satisfied
(except those that may be satisfied at a later date) shall be the &#147;<B>Effective Date</B>&#148;):


<P align="left" style="font-size: 12pt; text-indent: 4%">3.1 <B>Delivery of Executed Loan Documents. </B>Borrower, the Required Lenders, and any Syndication
Party whose Individual 364-Day Commitment is being increased by this Amendment shall have delivered
to the Administrative Agent, for the benefit of, and for delivery to, the Administrative Agent and
the Syndication Parties, this Second Amendment (or their approval thereof, in the case of Voting
Participants), duly executed.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.2 <B>Representations and Warranties. </B>The representations and warranties of Borrower in the
Credit Agreement shall be true and correct in all material respects on and as of tile Effective
Date as though made on and as of such date.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.3 <B>No Event of Default. </B>No Event of Default shall have occurred and be continuing under the
Credit Agreement as of the Effective Date of this Second Amendment.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.4 <B>Payment of Fees and Expenses. </B>Borrower shall have paid the Administrative Agent, by wire
transfer of immediately available federal funds: (a)&nbsp;all fees presently due under the Credit
Agreement (as amended by this Second Amendment); (b)&nbsp;the Arrangement Fee, the </FONT><FONT style="font-size: 11pt">annual
administrative and bid agent fee, and the Synd-Trak fee, each</FONT><FONT style="font-size: 12pt"> for the account of the
Administrative Agent in accordance with the terms of the Fee Letter dated December&nbsp;15, 2008 (&#147;<B>Fee
Letter</B>&#148;); and (c)&nbsp;the upfront fees for distribution to the Syndication Parties on a pro-rata basis
(in accordance with their Individual 364-Day Commitment), in accordance with the terms of the Fee
Letter, all of which fees shall be deemed to have been earned in full upon execution of this Second
Amendment.
</FONT>

<P align="left" style="font-size: 12pt; text-indent: 4%">4.&nbsp;<B>General Provisions</B>.


<P align="left" style="font-size: 12pt; text-indent: 4%">4.1 <B>No Other Modifications. </B>The Credit Agreement, as expressly modified herein, shall continue
in full force and effect and be binding upon the parties thereto.


<P align="left" style="font-size: 12pt; text-indent: 4%">4.2 <B>Successors and Assigns. </B>This Second Amendment shall be binding upon and inure to the
benefit of Borrower, Agent, and the Syndication Parties, and their respective successors and
assigns, except that Borrower may not assign or transfer its rights or obligations hereunder
without the prior written consent of all the Syndication Parties.


<P align="left" style="font-size: 12pt; text-indent: 4%">4.3 <B>Definitions. </B>Capitalized terms used, but not defined, in this Second Amendment shall have
the meaning set forth in the Credit Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">4.4 <B>Severability</B>. Should any provision of this Second Amendment be deemed unlawful or
unenforceable, said provision shall be deemed several and apart from all other provisions of this
Second Amendment and all remaining provision of this Second Amendment shall be fully enforceable.


<P align="left" style="font-size: 12pt; text-indent: 4%">4.5 <B>Governing Law. </B>To the extent not governed by federal law, this Second Amendment and the
rights and obligations of the parties hereto shall be governed by, interpreted and enforced in
accordance with the laws of the State of Colorado.


<P align="left" style="font-size: 12pt; text-indent: 4%">4.6 <B>Headings</B>. The captions or headings in this Second Amendment are for convenience only and
in no way define, limit or describe the scope or intent of any provision of this Second Amendment.


<P align="left" style="font-size: 12pt; text-indent: 4%">4.7 <B>Counterparts</B>. This Second Amendment may be executed by the parties hereto in separate
counterparts, each of which, when so executed and delivered, shall be an original, but all such
counterparts shall together constitute one and the same instrument. Each counterpart may consist
of a number of copies hereof, each signed by less than all, but together signed by all of the
parties hereto. Copies of documents or signature pages bearing original signatures, and executed
documents or signature pages delivered by a party by telefax, facsimile, or e-mail transmission of
an Adobe&#174; file format document (also known as a PDF file) shall, in each such instance, be deemed
to be, and shall constitute and be treated as, an original signed document or counterpart, as
applicable. Any party delivering an executed counterpart of this Second Amendment by telefax,
facsimile, or e-mail transmission of an Adobe&#174; file format document also shall deliver an original
executed counterpart of this Second Amendment, but the failure to deliver an original executed
counterpart shall not affect the validity, enforceability, and binding effect of this Second
Amendment.


<P align="left" style="font-size: 12pt; text-indent: 4%">IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be executed as of
the Effective Date.


<P align="left" style="font-size: 12pt">&#091;Signature Pages Follow&#093;


<P align="center" style="font-size: 10pt; display: none">2
<!-- PAGEBREAK -->


<P align="left" style="margin-left:19%; font-size: 12pt; text-indent: 4%"><B>BORROWER:</B>



<P align="left" style="margin-left:23%; font-size: 12pt">CHS INC., a cooperative corporation formed under the
laws of the State of Minnesota



<P align="left" style="margin-left:23%; font-size: 12pt">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name: John Schmitz<BR>
Title: Executive Vice President Finance and<BR>
Administration, and Chief Financial Officer<BR>
<BR>
<B>ADMINISTRATIVE AGENT:</B>



<P align="left" style="margin-left:23%; font-size: 12pt">COBANK, ACB



<P align="left" style="margin-left:23%; font-size: 12pt">By:<BR>
Name: Michael Tousignant<BR>
Title: Vice President<BR>



<P align="left" style="margin-left:23%; font-size: 12pt"><B>BID AGENT:</B>



<P align="left" style="margin-left:23%; font-size: 12pt">CoBANK, ACB



<P align="left" style="margin-left:23%; font-size: 12pt">By:<BR>
Name: Michael Tousignant<BR>
Title: Vice President<BR>


<P align="center" style="font-size: 10pt; display: none">3
<!-- PAGEBREAK -->


<P align="left" style="margin-left:19%; font-size: 12pt; text-indent: 4%"><B>SYNDICATION PARTIES:</B>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CoBank, ACB</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Michael Tousignant</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: Vice President</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">&#091;Signature Page to Second Amendment to Credit Agreement (364-Day)&#093;


<P align="center" style="font-size: 10pt; display: none">4
<!-- PAGEBREAK -->
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">&#091;Signature Page to Second Amendment to Credit Agreement (364-Day)&#093;


<P align="center" style="font-size: 10pt; display: none">5
<!-- PAGEBREAK -->

<P align="center" style="font-size: 12pt"><B>SCHEDULE 1<BR>
To Credit Agreement (364-Day Revolving Loan)</B>



<P align="center" style="font-size: 12pt"><B>SYNDICATION PARTIES AND INDIVIDUAL COMMITMENTS</B>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="78%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left"><B>Syndication Party</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Individual</B></TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name/Address</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>364-Day Commitment</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">CoBank, ACB</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">65,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">The Bank of Tokyo &#150; Mitsubishi UFJ, Ltd. N.Y. Branch</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">40,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">SunTrust Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">25,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Bank of America, N.A.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">25,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">U.S. Bank National Association</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">40,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Bank of Montreal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">40,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Wells Fargo Bank, National Association</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">20,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">The Northern Trust Company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">18,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Soci&#233;t&#233; G&#233;n&#233;rale</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">9,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">HSBC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">18,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">TOTAL</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">300,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt; display: none">6
<!-- PAGEBREAK -->


<P align="center" style="font-size: 12pt"><B>SCHEDULE 2<BR>
To Credit Agreement (364-Day Revolving Loan)</B>



<P align="center" style="font-size: 12pt"><B>364-DAY MARGIN AND 364-DAY FACILITY FEE FACTOR</B>



<P align="left" style="font-size: 12pt">Subject to the provisions of Section&nbsp;4.6, the determination of the Base Rate Applicable Margin, the
LIBO Rate Applicable Margin and the 364-Day Facility Fee Factor will be made effective five (5)
Banking Days after the Administrative Agent receives quarterly financial statements from Borrower;
however, no adjustments will be made to the LIBO Rate applicable to LIBO Rate Loans then
outstanding until the end of their then current LIBO Period. For the period from the Closing Date
and until the Administrative Agent receives quarterly financial statements from Borrower for the
Fiscal Quarter that ends February&nbsp;29, 2009, the Base Rate Applicable Margin, the LIBO Rate
Applicable Margin and 364-Day Facility Fee Factor shall be determined pursuant to Tier 5.

<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>TIER</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Ratio of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Base Rate</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>LIBO Rate</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>364-Day Facility</B></TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Consolidated Funded</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Applicable Margin</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Applicable Margin</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Fee Factor</B></TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Debt to Cash Flow</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top"><B>Tier 5</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">= 1.00
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">20.0 basis<BR>
points
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">120.0 basis<BR>
points
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">15.0 basis<BR>
points</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top"><B>Tier 4</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#062; 1.00 = 1.50
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">32.5 basis<BR>
points
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">132.5 basis<BR>
points
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">17.5 basis<BR>
points</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top"><B>Tier 3</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#062; 1.50 = 2.00
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">45.0 basis<BR>
points
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">145.0 basis<BR>
points
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20.0 basis<BR>
points</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top"><B>Tier 2</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#062; 2.00 = 2.50
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">70.0 basis<BR>
points
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">170.0 basis<BR>
points
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22.5 basis<BR>
points</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top"><B>Tier 1</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#062; 2.50
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">95.0 basis<BR>
points
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">195.0 basis<BR>
points
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">25.0 basis<BR>
points</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt; display: none">7




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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>exhibit2.htm
<DESCRIPTION>EX-10.2
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<TITLE> EX-10.2 </TITLE>
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>FIFTH AMENDMENT TO CREDIT AGREEMENT</B></FONT>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top"><B>Parties:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&#147;CoBank&#148;:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CoBank, ACB<BR>
5500 South Quebec Street<BR>
Greenwood Village, Colorado 80111</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&#147;Borrower&#148;:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CHS Inc.<BR>
5500 Cenex Drive<BR>
Inver Grove Heights, Minnesota 55077</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&#147;Syndication Parties&#148;:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The entities name below on the signature pages</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top"><B>Execution Date:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">February&nbsp;10, 2009</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt"><B>Recitals:</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">A.&nbsp;CoBank, in its capacity as Administrative Agent (&#147;<B>Administrative Agent</B>&#148;) and as a
Syndication Party, the Syndication Parties signatory thereto (collectively with any Persons who
have become or who become Syndication Parties, &#147;<B>Syndication Parties</B>&#148;), and Borrower have entered
into that certain 2006 Amended and Restated Credit Agreement (Revolving Loan) dated as of May&nbsp;18,
2006, that certain First Amendment to Credit Agreement dated as of May&nbsp;8, 2007, that certain Second
Amendment to Credit Agreement dated as of October&nbsp;18, 2007, that certain Third Amendment to Credit
Agreement dated as of March&nbsp;5, 2008, and that certain Fourth Amendment to Credit Agreement dated as
of May&nbsp;1, 2008 (as amended, and as further amended, modified, or supplemented from time to time,
the &#147;<B>Credit Agreement</B>&#148;) pursuant to which the Syndication Parties have extended certain credit
facilities to Borrower under the terms and conditions set forth in the Credit Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">B.&nbsp;Borrower has requested that the Agent and the Syndication Parties amend certain terms of
the Credit Agreement, which the Agent and the Syndication Parties are willing to do under the terms
and conditions as set forth in this Fifth Amendment to Credit Agreement (&#147;Fifth Amendment&#148;).


<P align="left" style="font-size: 12pt"><B>Agreement</B>:


<P align="left" style="font-size: 12pt; text-indent: 4%">Now, therefore, in consideration of the mutual covenants and agreements herein contained and
other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,
the parties hereto hereby agree as follows:


<P align="left" style="font-size: 12pt; text-indent: 4%">1.&nbsp;<B>Amendments to Credit Agreement</B>. The Credit Agreement is amended as of the Effective Date
as follows:


<P align="center" style="font-size: 10pt; display: none; text-indent: 4%">1
<!-- PAGEBREAK -->


<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.1 The following Sections of Article&nbsp;1 are hereby amended in their entirety to read as
follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.19 <U>Base Rate</U>: means a rate per annum announced by the Administrative Agent on
the first Business Day of each week, which shall be the higher of (a)&nbsp;150 basis points
greater than the highest of the one week, or one month LIBO Rate or (b)&nbsp;the Prime Rate.


<P align="left" style="font-size: 12pt; text-indent: 11%">1.116 <U>LC Commitment</U>: shall be $100,000,000.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.121 <U>LIBO Rate</U>: means (a)&nbsp;with respect to each day during each LIBO Rate
Period applicable to a LIBO Rate Loan, (i)&nbsp;the per annum rate for the LIBO Rate Period
selected by Borrower, as quoted by the British Bankers&#146; Association (or if such quotation
source is unavailable, such other quotation source as may be reasonably selected by the
Administrative Agent) for the purpose of displaying London Interbank Offered Rates for U.S.
Dollar deposits, determined effective as of 11:00&nbsp;A.M. (London Time) on the day which is two
(2)&nbsp;Banking Days prior to the first day of each LIBO Rate Period, rounded up to the next
1/100th of 1% per annum, plus (ii)&nbsp;the 5-Year Margin or (b)&nbsp;with respect to the
determination of the Base Rate, the per annum rate as quoted by the British Bankers&#146;
Association (or if such quotation source is unavailable, such other quotation source as may
be reasonably selected by the Administrative Agent) for the purpose of displaying London
Interbank Offered Rates for U.S. Dollar deposits, determined effective as of 11:00&nbsp;A.M.
(London Time) for the determination period relating thereto, on the date of determination,
in each case, with the LIBOR rate divided by a percentage equal to 100% minus the stated
maximum rate of all reserve requirements (including, without limitation, any marginal,
emergency, supplemental, special or other reserves) applicable on such date to any member
bank of the Federal Reserve System in respect of &#147;Eurocurrency liabilities&#148; as defined in
Regulation&nbsp;D (or any successor category of liabilities under Regulation&nbsp;D).



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.2 The following new Sections are added to Article&nbsp;1 reading as follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.180 <U>Prime Rate</U>: means a rate of interest per annum equal to the &#147;prime rate&#148;
as published from time to time in the Eastern Edition of the <I>Wall Street Journal </I>as the
average prime lending rate for seventy-five percent (75%) of the United States&#146; thirty (30)
largest commercial banks, or if the <I>Wall Street Journal </I>shall cease publication or cease
publishing the &#147;prime rate&#146;&#146; on a regular basis, such other regularly published average
prime rate applicable to such commercial banks as is acceptable to the Administrative Agent
in its reasonable discretion.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">1.181 <U>Fifth Amendment</U>: means the Fifth Amendment to Credit Agreement dated as
of February&nbsp;10, 2009 and between the parties hereto.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.3 Section&nbsp;11.14.1 (<U>Working Capital</U>), is amended as follows: The amount
&#147;$250,000,000&#148; shall be amended to read &#147;$750,000,000&#148;. The corresponding amount of
&#147;$250,000,000&#148; in Exhibit&nbsp;1.48 referred to in Section&nbsp;1.48 (<U>Compliance Certificate</U>)
shall also be amended to read &#147;$750,000,000&#148;.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.4 Section&nbsp;12.6 (<U>Loans</U>) is amended as follows: The amount &#147;$200,000,000&#148;
shall be amended to read &#147;$300,000,000&#148;.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.5 Subsection (a)(i) of Section&nbsp;12.7 (<U>Merger; Acquisitions; Business Form;
Etc<B>.</B></U>) is amended in its entirety to read as follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">(i)&nbsp;The book value of the assets of Borrower and its Subsidiaries does not increase due
to all such mergers, consolidations or acquisitions by an aggregate amount in excess of
$500,000,000.00 during the remaining term of this Agreement from the Effective Date of the
Fifth Amendment;



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.6 Subsection (g)&nbsp;of Section&nbsp;12.8 (<U>Investments</U>) is amended in its entirety to
read as follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">(g) (i)&nbsp;Investments by Borrower in the Restricted Subsidiaries in an unlimited amount,
and (ii)&nbsp;Investments after the Effective Date of the Fifth Amendment, by Borrower in
Consolidated Subsidiaries, except Cofina, LLC, in addition to Investments by Borrower in the
Restricted Subsidiaries, in an aggregate amount outstanding at any point in time not
exceeding $200,000,000.00;



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">1.7 Subsection (k)&nbsp;of Section&nbsp;12.8 (<U>Investments</U>) is amended in its entirety to
read as follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 7%">(k)&nbsp;Investments after the Effective Date of the Fifth Amendment, in addition to those
permitted by clauses (a)&nbsp;through (j)&nbsp;above, in an aggregate amount outstanding at any point
in time not exceeding $350,000,000.00.


<P align="left" style="font-size: 12pt; text-indent: 4%">2.&nbsp;<B>Conditions to Effectiveness of this Fifth Amendment. </B>The effectiveness of this Fifth
Amendment is subject to satisfaction, in the Administrative Agent&#146;s sole discretion, of each of the
following conditions precedent (the date on which all such conditions precedent are so satisfied
(except those that may be satisfied at a later date) shall be the &#147;<B>Effective Date</B>&#148;):


<P align="left" style="font-size: 12pt; text-indent: 4%">2.1 <B>Delivery of Executed Loan Documents. </B>Borrower and the Required Lenders shall have
delivered to the Administrative Agent, for the benefit of, and for delivery to, the Administrative
Agent and the Syndication Parties, this Fifth Amendment (or their approval thereof, in the case of
Voting Participants), duly executed.


<P align="left" style="font-size: 12pt; text-indent: 4%">2.2 <B>Representations and Warranties. </B>The representations and warranties of Borrower in the
Credit Agreement shall be true and correct in all material respects on and as of tile Effective
Date as though made on and as of such date.


<P align="left" style="font-size: 12pt; text-indent: 4%">2.3 <B>No Event of Default. </B>No Event of Default shall have occurred and be continuing under the
Credit Agreement as of the Effective Date of this Fifth Amendment.


<P align="left" style="font-size: 12pt; text-indent: 4%">2.4 <B>Payment of Fees and Expenses. </B>Borrower shall have paid the Administrative Agent, by wire
transfer of immediately available federal funds (a)&nbsp;all fees and expenses presently due under the
Credit Agreement (as amended by this Fifth Amendment); and (b)&nbsp;for distribution to the Syndication
Parties, fees in the amount equal to five one hundredths of one percent (0.05%) of the amount of
the Individual 5-Year Commitments held by the Syndication Parties and Voting Participants that
unconditionally deliver to the Administrative Agent (or its counsel), on or before 5:00 pm MST on
February&nbsp;10, 2009, their signature page to this Fifth Amendment, or their consent to this Fifth
Amendment, as the case may be, which fees shall be deemed to have been earned in full upon the
Effective Date.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.&nbsp;<B>General Provisions</B>.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.1 <B>No Other Modifications. </B>The Credit Agreement, as expressly modified herein, shall continue
in full force and effect and be binding upon the parties thereto.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.2 <B>Successors and Assigns. </B>This Fifth Amendment shall be binding upon and inure to the
benefit of Borrower, Agent, and the Syndication Parties, and their respective successors and
assigns, except that Borrower may not assign or transfer its rights or obligations hereunder
without the prior written consent of all the Syndication Parties.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.3 <B>Definitions. </B>Capitalized terms used, but not defined, in this Fifth Amendment shall have
the meaning set forth in the Credit Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.4 <B>Severability</B>. Should any provision of this Fifth Amendment be deemed unlawful or
unenforceable, said provision shall be deemed several and apart from all other provisions of this
Fifth Amendment and all remaining provision of this Fifth Amendment shall be fully enforceable.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.5 <B>Governing Law. </B>To the extent not governed by federal law, this Fifth Amendment and the
rights and obligations of the parties hereto shall be governed by, interpreted and enforced in
accordance with the laws of the State of Colorado.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.6 <B>Headings</B>. The captions or headings in this Fifth Amendment are for convenience only and in
no way define, limit or describe the scope or intent of any provision of this Fifth Amendment.


<P align="left" style="font-size: 12pt; text-indent: 4%">3.7 <B>Counterparts</B>. This Fifth Amendment may be executed by the parties hereto in separate
counterparts, each of which, when so executed and delivered, shall be an original, but all such
counterparts shall together constitute one and the same instrument. Each counterpart may consist
of a number of copies hereof, each signed by less than all, but together signed by all of the
parties hereto. Copies of documents or signature pages bearing original signatures, and executed
documents or signature pages delivered by a party by telefax, facsimile, or e-mail transmission of
an Adobe&#174; file format document (also known as a PDF file) shall, in each such instance, be deemed
to be, and shall constitute and be treated as, an original signed document or counterpart, as
applicable. Any party delivering an executed counterpart of this Fifth Amendment by telefax,
facsimile, or e-mail transmission of an Adobe&#174; file format document also shall deliver an original
executed counterpart of this Fifth Amendment, but the failure to deliver an original executed
counterpart shall not affect the validity, enforceability, and binding effect of this Fifth
Amendment.


<P align="left" style="font-size: 12pt">&#091;Signature Pages Follow&#093;


<P align="center" style="font-size: 10pt; display: none">2
<!-- PAGEBREAK -->

<P align="left" style="font-size: 12pt; text-indent: 4%">IN WITNESS WHEREOF, the parties hereto have caused this Fifth Amendment to be executed as of
the Effective Date.



<P align="left" style="margin-left:23%; font-size: 12pt"><B>BORROWER:</B>



<P align="left" style="margin-left:23%; font-size: 12pt">CHS INC., a cooperative corporation formed under the
laws of the State of Minnesota



<P align="left" style="margin-left:23%; font-size: 12pt">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name: John Schmitz<BR>
Title: Executive Vice President and Chief Financial<BR>
Officer<BR>
<BR>
<B>ADMINISTRATIVE AGENT:</B>



<P align="left" style="margin-left:23%; font-size: 12pt">COBANK, ACB



<P align="left" style="margin-left:23%; font-size: 12pt">By:<BR>
Name: Michael Tousignant<BR>
Title: Vice President<BR>



<P align="left" style="margin-left:19%; font-size: 12pt; text-indent: 4%"><B>SYNDICATION PARTIES:</B>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CoBank, ACB</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Michael Tousignant</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: Vice President</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">&#091;Signature Page to Fifth Amendment to Credit Agreement&#093;


<P align="center" style="font-size: 10pt; display: none">3
<!-- PAGEBREAK -->
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">SunTrust Bank</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bank of America, N.A.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Wells Fargo Bank, National Association</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">BNP Paribas</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">&#091;Signature Page to Fifth Amendment to Credit Agreement&#093;


<P align="center" style="font-size: 10pt; display: none">4
<!-- PAGEBREAK -->
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bank of Montreal</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., &#147;Rabobank International&#148;<BR>
New York Branch</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Deere Credit, Inc.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">U.S. Bank National Association</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">&#091;Signature Page to Fifth Amendment to Credit Agreement&#093;


<P align="center" style="font-size: 10pt; display: none">5
<!-- PAGEBREAK -->
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Natixis (f/k/a Natexis Banques Populaires)</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Fortis Capital Corp.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Bank of Nova Scotia</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">&#091;Signature Page to Fifth Amendment to Credit Agreement&#093;


<P align="center" style="font-size: 10pt; display: none">6
<!-- PAGEBREAK -->
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Calyon New York Branch</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">National City Bank (successor by merger to National City Bank of Indiana</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">M&#038;I Marshall &#038; Ilsley Bank</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Farm Credit Services of America, PCA</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Steven L. Moore</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: Vice President</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">&#091;Signature Page to Fifth Amendment to Credit Agreement&#093;


<P align="center" style="font-size: 10pt; display: none">7
<!-- PAGEBREAK -->
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
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</TR>

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<TR valign="bottom" style="font-size: 12pt">
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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
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<TR valign="bottom" style="font-size: 12pt">
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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
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<TR valign="bottom" style="font-size: 12pt">
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<P align="left" style="font-size: 12pt">&#091;Signature Page to Fifth Amendment to Credit Agreement&#093;


<P align="center" style="font-size: 10pt; display: none">8
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<TR valign="bottom" style="font-size: 12pt">
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<TR valign="bottom" style="font-size: 12pt">
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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
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<P align="left" style="font-size: 12pt">&#091;Signature Page to Fifth Amendment to Credit Agreement&#093;



<P align="center" style="font-size: 10pt; display: none">9




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