AIRCRAFT LEASE

THIS AIRCRAFT LEASE is made and entered into at Liberal, Kansas as of the 15th day of October, 2003, by and between JOHN R. MILLER ENTERPRISES III, LLC, a Montana limited liability company, with its principal place of business located at Shining Mntn. Ranch, French Basin Road, P. O. Box 46, Sula, Montana 59871, as lessor, hereinafter called OWNER, and NATIONAL BEEF PACKING COMPANY, L.L.C., a Delaware limited liability company, with a place of business at 12200 N. Ambassador Drive, Kansas City, Missouri 64163, hereinafter called LESSEE.

W I T N E S S E T H: That;

1.    THE LEASED AIRCRAFT. OWNER leases to LESSEE, and LESSEE leases from OWNER, upon the terms and conditions herein contained, the following described aircraft, including, without limitation, all presently installed equipment, including, but not limited to, the engines identified below and the equipment listed on Annex A, all engine, airframe, and other logbooks for or relating to the aircraft and all additions thereto and replacements or substitutions therefore, all of the foregoing items (including, without limitation, all additions thereto and replacements or substitutions therefore) being herein referred to as the Aircraft:

OWNER either owns the Aircraft on the date hereof or will purchase the Aircraft on or before the date the Aircraft is actually delivered to LESSEE. Ownership of the Aircraft is retained by Owner. All tax benefits of ownership of the Aircraft shall be retained by and for the exclusive benefit of Owner.

2.    DELIVERY OF AIRCRAFT. The Aircraft will be delivered to LESSEE at Hamilton, Montana, or at such other location and on such terms as shall be mutually agreed to by the parties.

3.    LOCATION AND USE OF AIRCRAFT. The Aircraft shall be based at the Hamilton Municipal Airport at Hamilton, Ravalli County, Montana. The permanent base of the Aircraft may not be changed to another location without OWNERs prior written consent to such new permanent base. LESSEE shall not fly the Aircraft outside the continental United States without the prior written

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consent of OWNER. In no event shall LESSEE operate the Aircraft outside the United States: (a) in any area not covered by any insurance required by the terms of Article 5 hereof, or in any recognized or threatened areas of hostilities unless fully covered to OWNERs reasonable satisfaction by political risk, expropriation, hijacking, and war risk insurance; (b) in any jurisdiction for which a travel advisory or equivalent warning issued by the United States Department of State, or any subagency thereof, is in effect, or in any country that is experiencing widespread civil unrest or widespread anti-American activity; (c) in any area in which OWNERs title to the Aircraft may reasonably be expected to be jeopardized or not recognized; or (d) more than ninety (90) days during any twelve month period during the term hereof. LESSEE will use the Aircraft for business purposes in connection with its business and shall not use the Aircraft for the transportation of persons or goods for hire to third parties without OWNERs prior express written consent. LESSEE shall have operational control and possession, command and control of the aircraft at all times under this Lease, except when OWNER is using the aircraft pursuant to Article 11.

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