Lincolnway Energy, LLC Sample Contracts

OPERATING AGREEMENT OF LINCOLNWAY ENERGY, LLC Dated May 19, 2004
Operating Agreement • January 27th, 2006 • Lincolnway Energy, LLC • Iowa

THIS OPERATING AGREEMENT (the “Agreement”) is entered into and shall be effective as of the 19th day of May, 2004 (the “Effective Date”), by and among Lincolnway Energy, LLC, an Iowa limited liability company (the “Company”), each of the Persons (as hereinafter defined) who are identified as Members on the attached Exhibit “A” and who have executed a counterpart of this Agreement and a Subscription Agreement, and any other Persons as may from time-to-time be subsequently admitted as a Member of the Company in accordance with the terms of this Agreement. Capitalized terms not otherwise defined herein shall have the meaning set forth in Section 1.10.

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FIFTH AMENDED AND RESTATED OPERATING AGREEMENT OF LINCOLNWAY ENERGY, LLC
Operating Agreement • May 4th, 2022 • Lincolnway Energy, LLC • Industrial organic chemicals • Iowa

THIS FIFTH AMENDED AND RESTATED OPERATING AGREEMENT ("Agreement") of Lincolnway Energy, LLC (the "Company") is effective as of __________, 2022.

DISTILLER’S GRAIN OFF-TAKE AGREEMENT
Off-Take Agreement • December 9th, 2020 • Lincolnway Energy, LLC • Industrial organic chemicals • Nebraska

THIS DISTILLER’S GRAIN OFF-TAKE AGREEMENT (“Agreement”) is dated as of______________, by and between, Lincolnway Energy, LLC an Iowa limited liability company (“Producer”), and Gavilon Ingredients, LLC, a Delaware limited liability company (“Gavilon”) (each, a “Party”, and collectively, the “Parties”).

MASTER LOAN AGREEMENT
Master Loan Agreement • January 27th, 2006 • Lincolnway Energy, LLC • Colorado

THIS MASTER LOAN AGREEMENT is entered into as of March 24, 2005, between FARM CREDIT. SERVICES OF AMERICA, FLCA (“Farm Credit”) and LINCOLNWAY ENERGY, LLC, Nevada, Iowa (the “Company”).

CREDIT AGREEMENT
Credit Agreement • July 18th, 2017 • Lincolnway Energy, LLC • Industrial organic chemicals • Colorado

THIS CREDIT AGREEMENT (this “Agreement”), dated as of July 3, 2017 is entered into by and between LINCOLNWAY ENERGY, LLC, Nevada, Iowa, a limited liability company (the “Borrower”), and FARM CREDIT SERVICES OF AMERICA, FLCA and FARM CREDIT SERVICES OF AMERICA, PCA (collectively, “Lender”).

AMENDMENT TO SECOND AMENDED AND RESTATED OPERATING AGREEMENT
Operating Agreement • March 6th, 2013 • Lincolnway Energy, LLC • Industrial organic chemicals

THIS AMENDMENT TO SECOND AMENDED AND RESTATED OPERATING AGREEMENT ("Amendment") is made and entered into as of the date set forth above the signatures to this Amendment by and among the Members of Lincolnway Energy, LLC (the "Company").

DISTILLER’S GRAIN MARKETING AGREEMENT
’s Grain Marketing Agreement • January 27th, 2006 • Lincolnway Energy, LLC • Iowa

THIS DISTILLER’S GRAIN MARKETING AGREEMENT (the “Agreement”), is entered into effective as of December 14, 2004, by Lincolnway Energy, LLC, an Iowa limited liability company (“Seller”), and Commodity Specialist Company, a Delaware corporation (“Buyer”).

COAL SUPPLY AGREEMENT BETWEEN WILLIAMS BULK TRANSFER INC. (“WBT”) AND LINCOLNWAY ENERGY, LLC (“LWE”)*
Supply Agreement • January 27th, 2006 • Lincolnway Energy, LLC • Iowa

This coal supply agreement (“Agreement”) is made and entered into as of this 14th day of July 2005, by and between Williams Bulk Transfer Inc., an Iowa Corporation with offices in Williams, Iowa (“WBT”), and Lincolnway Energy, LLC, an Iowa Corporation with offices in Nevada, Iowa (“LWE”).

AMENDED AND RESTATED LETTER OF CREDIT PROMISSORY NOTE
Lincolnway Energy, LLC • January 3rd, 2019 • Industrial organic chemicals

THIS AMENDED AND RESTATED LETTER OF CREDIT PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement dated July 3, 2017 (such agreement, as may be amended, hereinafter referred to as the “Credit Agreement”), is entered into as of December 28, 2018 between FARM CREDIT SERVICES OF AMERICA, PCA, a federally-chartered instrumentality of the United States (“Lender”) and LINCOLNWAY ENERGY, LLC, Nevada, Iowa, a limited liability company (together with its permitted successors and assigns, the “Borrower”). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

AMENDED AND RESTATED REVOLVING TERM PROMISSORY NOTE
Credit Agreement • July 18th, 2017 • Lincolnway Energy, LLC • Industrial organic chemicals

THIS AMENDED AND RESTATED REVOLVING TERM PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement (as amended) dated July 3, 2017 (the “Credit Agreement”), is entered into as of July 3, 2017 between FARM CREDIT SERVICES OF AMERICA, FLCA (“Lender”) and LINCOLNWAY ENERGY, LLC, Nevada, Iowa, a limited liability company (together with its permitted successors and assigns, the “Borrower”). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

AMENDED AND RESTATED LETTER OF CREDIT PROMISSORY NOTE
Credit Agreement • July 18th, 2017 • Lincolnway Energy, LLC • Industrial organic chemicals

THIS AMENDED AND RESTATED LETTER OF CREDIT PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement dated July 3, 2017 (the “Credit Agreement”), is entered into as of July 3, 2017 between FARM CREDIT SERVICES OF AMERICA, PCA (“Lender”) and LINCOLNWAY ENERGY, LLC, Nevada, Iowa, a limited liability company (together with its permitted successors and assigns, the “Borrower”). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

Contract
Lincolnway Energy, LLC • August 16th, 2021 • Industrial organic chemicals
AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE
Lincolnway Energy, LLC • June 4th, 2020 • Industrial organic chemicals

THIS AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement dated July 3, 2017 (such agreement, as may be amended, hereinafter referred to as the “Credit Agreement”), is entered into as of May 29, 2020 between FARM CREDIT SERVICES OF AMERICA, PCA, a federally-chartered instrumentality of the United States (“Lender”) and LINCOLNWAY ENERGY, LLC, Nevada, Iowa, a limited liability company (together with its permitted successors and assigns, the “Borrower”). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

Letter of Credit
Lincolnway Energy, LLC • January 4th, 2017 • Industrial organic chemicals

THIS SUPPLEMENT to the Master Loan Agreement dated August 21, 2012 (the “MLA”), is entered into as of June 2, 2016 between FARM CREDIT SERVICES OF AMERICA, PCA (“Lead Lender”) and LINCOLNWAY ENERGY, LLC, Nevada, Iowa (the “Company”), and amends and restates the Supplement dated August 31, 2015 and numbered R10218T03B.

LOGO] Iowa Department of Transportation Railroad Revolving Loan Fund Agreement
Lincolnway Energy, LLC • January 27th, 2006 • Iowa

THIS AGREEMENT is made by and among the IOWA DEPARTMENT TRANSPORTATION, Modal Division, 800 Lincoln Way, Ames, Iowa 50010 (“Department” or “DOT”) and Lincolnway Energy, LLC, 22740 590th Ave. P.O. Box 433, Nevada, Iowa 50201-7962 (referred to as “Business”).

SEPARATION AGREEMENT AND GENERAL RELEASE
Separation Agreement and General Release • January 22nd, 2020 • Lincolnway Energy, LLC • Industrial organic chemicals

THIS SEPARATION AGREEMENT AND GENERAL RELEASE is made and entered into this 17th day of January 2020, by and between Mike Hollenberg ("Employee") and Lincolnway Energy ("Employer").

REVOLVING TERM LOAN SUPPLEMENT
Lincolnway Energy, LLC • January 4th, 2017 • Industrial organic chemicals

THIS SUPPLEMENT to the Master Loan Agreement dated August 21, 2012 (the “MLA”), is entered into as of June 2, 2016 between FARM CREDIT SERVICES OF AMERICA, FLCA (“Lead Lender”) and LINCOLNWAY ENERGY, LLC, Nevada, Iowa (the “Company”), and amends and restates the Supplement dated August 31, 2015 and numbered R10218T02G.

AMENDED AND RESTATED GRAIN HANDLING AGREEMENT
Grain Handling Agreement • January 27th, 2006 • Lincolnway Energy, LLC • Iowa

THIS AMENDED AND RESTATED GRAIN HANDLING AGREEMENT (the “Agreement”) is made and entered into this 24th day of January, 2006 by and between Lincolnway Energy, LLC (“Lincolnway”), an Iowa limited liability company and Heart of Iowa Cooperative (“HOIC”), an Iowa Cooperative.

AMENDED AND RESTATED LETTER OF CREDIT PROMISSORY NOTE
Lincolnway Energy, LLC • July 12th, 2019 • Industrial organic chemicals

THIS AMENDED AND RESTATED LETTER OF CREDIT PROMISSORY NOTE (this "Promissory Note") to the Credit Agreement dated July 3, 2017 (such agreement, as may be amended, hereinafter referred to as the "Credit Agreement"), is entered into as of June 23, 2019 between FARM CREDIT SERVICES OF AMERICA, PCA, a federally-chartered instrumentality of the United States ("Lender") and LINCOLNWAY ENERGY, LLC, Nevada, Iowa, a limited liability company (together with its permitted successors and assigns, the "Borrower"). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

CORN PROCUREMENT AGREEMENT
Corn Procurement Agreement • January 22nd, 2020 • Lincolnway Energy, LLC • Industrial organic chemicals

This Corn Procurement Agreement (this "Agreement") is made and entered into to be effective as of January 24, 2020 (the "Effective Date") by and between Lincolnway Energy, LLC, an Iowa limited liability company ("LWE") and Innovative Ag Services Co, a cooperative under the laws of the State of Illinois ("Seller") (LWE and Seller may hereinafter from time to time be referred to, individually, as a "Party," and collectively are the “Parties” to this Agreement.

PREFERRED MEMBERSHIP UNIT PURCHASE AGREEMENT
Preferred Membership Unit • April 3rd, 2020 • Lincolnway Energy, LLC • Industrial organic chemicals • Iowa

THIS PREFERRED MEMBERSHIP UNIT PURCHASE AGREEMENT ("Agreement") is made as of March 31, 2020, by and between Lincolnway Energy, LLC, an Iowa limited liability company (the “Company”) and HALE, LLC, an Iowa limited liability company (the “Investor”) (collectively the "Parties").

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CARBON DIOXIDE PURCHASE AND SALE AGREEMENT
Carbon Dioxide Purchase and Sale Agreement • December 23rd, 2020 • Lincolnway Energy, LLC • Industrial organic chemicals • Iowa

THIS CARBON DIOXIDE PURCHASE AND SALE AGREEMENT (this “Agreement”) is made this 16th day of April, 2010, between Lincolnway Energy, LLC (“Lincolnway”) and EPCO Carbon Dioxide Products, Inc. (“EPCO”). LINCOLNWAY and EPCO may collectively be referred to herein as the “Parties” or individually as a “Party”.

REVOLVING CREDIT SUPPLEMENT
Credit Supplement • January 4th, 2017 • Lincolnway Energy, LLC • Industrial organic chemicals

THIS SUPPLEMENT to the Master Loan Agreement dated August 21, 2012 (the “MLA”), is entered into as of June 2, 2016 between FARM CREDIT SERVICES OF AMERICA, PCA (“Lead Lender”) and LINCOLNWAY ENERGY, LLC, Nevada, Iowa (the “Company”), and amends and restates the Supplement dated August 31, 2015 and numbered R10218S02D.

AMENDMENT NO. 2 ETHANOL MARKETING AGREEMENT
Ethanol Marketing Agreement • October 15th, 2020 • Lincolnway Energy, LLC • Industrial organic chemicals

THIS Amendment No. 2 (“Amendment 2”), dated , 2020, is entered into by and between Eco-Energy, LLC., a Tennessee corporation with its registered office at 6100 Tower Circle, Suite 500, Franklin, Tennessee 37067 (“Eco”), and Lincolnway Energy an Iowa limited liability company, with its principal office located at 59511 West Lincoln Highway, Nevada, IA 50201 (“LWE”). Eco and LWE are hereinafter also referred to collectively as the “Parties.”

AMENDED AND RESTATED REVOLVING TERM PROMISSORY NOTE
Revolving Term Promissory Note • June 4th, 2020 • Lincolnway Energy, LLC • Industrial organic chemicals

THIS AMENDED AND RESTATED REVOLVING TERM PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement dated July 3, 2017 (such agreement, as may be amended, hereinafter referred to as the “Credit Agreement”), is entered into as of May 29, 2020 between FARM CREDIT SERVICES OF AMERICA, FLCA, a federally-chartered instrumentality of the United States (“Lender”) and LINCOLNWAY ENERGY, LLC, Nevada, Iowa, a limited liability company (together with its permitted successors and assigns, the “Borrower”). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • January 3rd, 2019 • Lincolnway Energy, LLC • Industrial organic chemicals

THIS AMENDMENT is entered into as of December 28, 2018, between LINCOLNWAY ENERGY, LLC Nevada, Iowa, a limited liability company (the “Borrower”), and FARM CREDIT SERVICES OF AMERICA, FLCA and FARM CREDIT SERVICES OF AMERICA, PCA (collectively, the “Lender”), a federally-chartered instrumentality of the United States. Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Agreement (as defined below).

AMENDMENT TO THE MASTER LOAN AGREEMENT
Master Loan Agreement • May 15th, 2013 • Lincolnway Energy, LLC • Industrial organic chemicals

THIS AMENDMENT is entered into as of April 17, 2013, between FARM CREDIT SERVICES OF AMERICA, FLCA AND FARM CREDIT SERVICES OF AMERICA, PCA (collectively, “Lead Lender”) and Lincolnway Energy, LLC, Nevada, Iowa (the “Company”).

EMPLOYMENT AGREEMENT
Employment Agreement • May 15th, 2013 • Lincolnway Energy, LLC • Industrial organic chemicals • Iowa

THIS EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of the date set forth above the signatures to this Agreement, by and between Lincolnway Energy, LLC (the "Company"), and Eric Hakmiller ("Employee").

REVOLVING TERM LOAN SUPPLEMENT
Lincolnway Energy, LLC • May 15th, 2013 • Industrial organic chemicals

THIS SUPPLEMENT to the Master Loan Agreement dated August 21, 2012 (the “MLA”), is entered into as of April 17, 2013 between FARM CREDIT SERVICES OF AMERICA, FLCA (“Lead Lender”) and Lincolnway Energy, LLC, Nevada, Iowa (the “Company”), and amends and restates the Supplement dated November 8, 2012 and numbered RI0218T02D.

AMENDMENT TO DISTILLER'S GRAINS MARKETING AGREEMENT
Grains Marketing Agreement • December 21st, 2012 • Lincolnway Energy, LLC • Industrial organic chemicals • Iowa

This AMENDMENT TO DISTILLERS GRAINS MARKETING AGREEMENT (this "Amendment"), dated as of August 1, 2012, is entered into between HAWKEYE GOLD, LLC ("Gold"), and LINCOLNWAY ENERGY, LLC ("Producer").

AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • July 12th, 2019 • Lincolnway Energy, LLC • Industrial organic chemicals

THIS AMENDMENT is entered into as of June 23, 2019, between LINCOLNWAY ENERGY, LLC Nevada, Iowa, a limited liability company (the "Borrower"), and FARM CREDIT SERVICES OF AMERICA, FLCA and FARM CREDIT SERVICES OF AMERICA, PCA, a federally-chartered instrumentality of the United States ("Lender"). Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Agreement (as defined below).

Amendment to Employment Agreement
Amendment to Employment Agreement • December 16th, 2019 • Lincolnway Energy, LLC • Industrial organic chemicals

This Amendment is made and entered into as of the date set forth above the signatures to this Amendment between Lincolnway Energy, LLC (“Company”) and Mike Hollenberg (“Employee”).

REVOLVING TERM LOAN SUPPLEMENT
Lincolnway Energy, LLC • December 21st, 2012 • Industrial organic chemicals

THIS SUPPLEMENT to the Master Loan Agreement dated August 21, 2012 (the "MLA"), is entered into as of August 21, 2012 FARM CREDIT SERVICES OF AMERICA, FLCA ("Lead Lender") and LINCOLNWAY ENERGY, LLC, Nevada Iowa (the "Company"), and amends and restates the Supplement dated March 24, 2005 as previously amended and numbered R10218T02.

AMENDED AND RESTATED REVOLVING TERM PROMISSORY NOTE
Lincolnway Energy, LLC • October 11th, 2018 • Industrial organic chemicals

THIS AMENDED AND RESTATED REVOLVING TERM PROMISSORY NOTE (this "Promissory Note") to the Credit Agreement dated July 3, 2017 (such agreement, as may be amended, hereinafter referred to as the "Credit Agreement"), is entered into as of September 24, 2018 between FARM CREDIT SERVICES OF AMERICA, FLCA, a federally-chartered instrumentality of the United States ("Lender") and LINCOLNWAY ENERGY, LLC, Nevada, Iowa, a limited liability company (together with its permitted successors and assigns, the "Borrower"). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

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