I.  Location: The Northeast Nebraska Biodiesel, LLC (“Company”) Trading System Bulletin Board will be located at the business office of Company’s  plant located at 137 Pebble Street, Nebraska.  Interested buyers or sellers may personally visit the plant, or call into the office (____) ____-______ or through facsimile transmission to the Company at (___) ___-____ (Attention: _______). [Buyer participation in the Trading System in any semiannual trading period is limited to current Company members, or other qualified buyers].

2.  Non-Firm Quotations/Compliance: The Trading System displays only nonfirm price quotes by sellers or buyers.  Buyers and sellers are solely responsible for contacting each other, and reaching an agreement. Any agreement must be subject to approval by the Company Board of Directors and in compliance with the Trading System Rules and Company Operating Agreement. The Company office will have available for sellers and buyers upon request a base form of purchase agreement which contains the Trading System requirements, and to which the parties can add their specific provisions.

3.  Semiannual Trading Periods: The Trading System will operate on a semiannual basis commencing [April 1 and October 1] of each year. Each trading period will begin with a 30-day listing period during which buyers and sellers may post their offers to buy and sell units. Buyers and sellers cannot enter into a purchase agreement  to sell units until the 15th day after the posting date in effect for the units to be sold. Purchase agreements in written form must be submitted to the Company Board for approval by May 31 (for the April 1 semiannual period) and by November 30 (for the October 1 period). The Company Board will then consider the binding agreement and request for transfer at the next regularly scheduled meeting following the submission date. A Trading Timetable Summary follows this Outline.

4.  Closing Dates for Approved Binding Agreements: Under IRS regulations, the closing of the sale effected through the Trading System cannot occur prior to the 45th day following the posting date for such sale. As a general rule, the transfer of title to the units sold under the Trading System will be effective as of July 1st for the Semiannual Period commencing April 1st, and January 1st for the Semiannual Period commencing October 1st.

5.  Matching of Buyers and Sellers:  The Trading System is intended to match a list of interested buyers with a list of interested sellers, along with their nonfirm price quotes. The Trading System will not automatically effect matches between potential sellers and buyers, and it is the sole responsibility of sellers and buyers to track the relevant information on the bulletin board and to contact each other to make a determination as to whether an agreement as to price and terms may be reached. The Company will make available to potential buyers and sellers past Trading System history, for up to a 3-year period. Under IRS regulations, the total of Company units which may be transferred in any calendar year cannot exceed 10% of the total of outstanding units ( including private transfers which may have occurred during the year, and which may equal up to 2%).