REAL ESTATE PURCHASE AGREEMENT

                THIS AGREEMENT, made and entered into this 21st day of December, 2004, by and between MVB Properties, Inc., a South Dakota corporation (the Buyer) and HF Financial Corp., a Delaware corporation (the Seller);

                1.             Sale and Purchase.

                                1.1           Subject to and on the terms and conditions described below, Seller hereby agrees to sell to Buyer and Buyer hereby agrees to purchase from Seller the following described real property in Minnehaha County, South Dakota (the Property):

The West Half of the Northeast Quarter (W1/2NE1/4), except County Auditors Lot H-1 contained therein and except Iversons Tracts 8, 9, 10, 11, 12 and 13 contained therein, of Section 30, Township 101 North, Range 48 West of the 5^th P.M., Minnehaha County, South Dakota, subject to Section-Line Highways by Operation of Law, SDCL 31-18-1; and,

The Northwest Quarter (NW1/4), except Lot H-1 contained therein, except County Auditors Lot H-4 contained therein, except County Auditors Lot H-2 contained therein, except Iversons Tract 1 contained therein, except Iversons Tract 2 contained therein, except Iversons Tract 6 contained therein, except Iversons Tract 7 contained therein, except Iversons Tract 3 contained therein, except Iversons Tract 4A contained therein, except Iversons Tract 6A contained therein, except Tract 1 of Evangelical Covenant Church Addition contained therein, and except Iversons Tract 2A contained therein, of Section 30, Township 101 North, Range 48 West of the 5th P.M., Minnehaha County, South Dakota, subject to Section-Line Highways by Operation of Law, SDCL 31-18-1; and,

Iversons Tract No. 13 in the North Half of the Northeast Quarter (N1/2NE1/4) of Section 30, Township 101 North, Range 48 West of the 5^th P.M., Minnehaha County, South Dakota, according to the recorded plat thereof.

together with all existing and future tangible and intangible property owned, acquired, installed, held, executed or claimed on or with respect to such real property, including without limitation, structures, fixtures, improvements, approaches, driveways, sewer and water lines, wells, septic systems, tiling systems, pumps and lift stations, wells, fences, trees and other landscaping, rights-of-way, air space, railroad spurs and tracks, easements,

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