Variable Investment Advisors, Inc.
AgStockTrade.com
4305 South Louise Avenue, Suite 101A
Sioux Falls, SD 57106-3115

Contract for Sale of Common Stock of Glacial Lakes Corn Processors ("Original") (Company)

SELLER AND BUYER AGREE AS FOLLOWS:

1. Sale.  Seller hereby sells to Buyer and Buyer hereby purchases from Seller, the Common Stock, subject to the terms and conditions set forth below. Seller certifies that Seller is the sole owner of and has the right to sell the Common Stock, subject to the provisions of the Company's Articles of Organization, Operating Agreement and Common Stock Transfer System.

2. Purchase Price.  Upon the execution of this Agreement by Buyer, Buyer shall pay the purchase price to First State Bank (Escrow Agent), having its principal office located at 707 Main Street, Wilmot, South Dakota 57279, by check, bank money order or wire transfer of funds. The Escrow Agent shall deposit the funds in a non-interest bearing account until the sale transaction is approved by the Company's Board of Directors. If the sale transaction is not approved by the Company's Board of Directors, the Escrow Agent shall return to the Buyer the funds. If the sale transaction is approved by the Company's Board of Directors, the Escrow Agent shall release to the Seller the funds less the Escrow Agent's fees and expenses.

3. Payment and Other Obligations.  Upon the execution of this Agreement by Buyer, Buyer shall deliver to the Escrow Agent within seven (7) days from receipt of this Agreement, the Buyer's check or bank money order; or complete a wire transfer. Also, within seven (7) days from receipt of this Agreement, the Seller and Buyer shall execute and return their respective copies of this Agreement to Variable Investment Advisors (VIA) at 4305 S Louise Ave, Ste 101A, Sioux Falls, SD 57106-3115. Seller and Buyer agree that if either party fails to abide by the terms of this Agreement either party shall have any and all available remedies provided under law.

4. Condition Precedent.  Seller and Buyer acknowledge that if the Company's Board of Directors does not approve this sale transaction this Agreement shall be null and void.

5. Closing Date.  Upon approval by the Company's Board of Directors and the release of the funds by the Escrow Agent, all right, title, and interest of the Seller in the Common Stock and all incidents of ownership thereof, shall be transferred to the Buyer and transferred on the books of said Company, effective immediately upon Board approval. The Board of Directors typically meets the third Tuesday of the month. This transaction shall be subject to Company's Distributions and Allocations Policy in effect upon the date of this Agreement.

6. Binding Agreement.  The Agreement shall be binding upon the parties, their heirs, successors, and assigns, and is governed by the laws of the State of South Dakota.

7. Unsolicited Order.  Both Seller and Buyer acknowledge that they entered into this Agreement voluntarily. Neither VIA or AgStockTrade.com has solicited or recommended the suitability of this transaction to either party.

8. Attorney's Fees.  In the event that any action is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all sums that either party may be called upon to pay, a reasonable sum for the successful party's attorney's fees.

9. Escrow Agent Fees.  Seller agrees to pay the Escrow Agent a fee of Two Percent (2%) or a minimum of one hundred fifty dollars ($150.00) to be withheld from the sale proceeds.

10. Release.  Seller and Buyer agree to release, indemnify and hold harmless VIA and the Escrow Agent for any acts either may take in furtherance of this Agreement. All parties acknowledge that in the event of a conflict arising between Seller and Buyer, the Escrow Agent has the full right and authority to deposit any monies held by it with a state circuit court pursuant to South Dakota statute. Any legal action involving either VIA and/or the Escrow Agent shall be brought exclusively in the Circuit Court, Minnehaha County, South Dakota.

11.Authorization.  Seller and Buyer hereby authorize Company to furnish to VIA information as is necessary to facilitate the transfer of the Common Stock.

12. Counterparts.  This Agreement may be executed in any number of counterparts, each of which, when executed and delivered, shall be an original, but all such counterparts shall constitute one and the same instrument. As used herein, the term "counterparts" shall include full copies of this Agreement signed and delivered by facsimile transmission, as well as photocopies of such facsimile transmissions.

13. Delivery Requirements.  As set forth by the Company's Board of Directors, the Buyer will be responsible to deliver all future corn delivery requirements beginning the following September. If the Seller has not delivered committed bushels on the shares for this transaction, the Company will invoice the Seller for pool fees for the undelivered bushels.

OR

Contract Version Date: 08/14/2008

THE TRANSMITTAL PAGE PROVIDED TO BUYER ONLY

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Variable Investment Advisors, Inc.
AgStockTrade.com
4305 South Louise Avenue, Suite 101A
Sioux Falls, SD 57106-3115

Contract for Sale of Common Stock of Glacial Lakes Corn Processors ("Original") (Company)