SECURITY AGREEMENTSecurity Agreement • November 14th, 2007 • Great Plains Ethanol LLC • Industrial organic chemicals
THIS SECURITY AGREEMENT, dated as of August 10, 2007, between GREAT PLAINS ETHANOL, LLC, a South Dakota limited liability d/b/a POET Biorefining – Chancellor company (“Borrower”), and AGCOUNTRY FARM CREDIT SERVICES, FLCA (“Lender”).
FUTURE ADVANCE MORTGAGE AND SECURITY AGREEMENT AND FIXTURE FINANCING STATEMENT AND ASSIGNMENT OF LEASES AND RENTS MORTGAGE – COLLATERAL REAL ESTATE MORTGAGESecurity Agreement • November 14th, 2007 • Great Plains Ethanol LLC • Industrial organic chemicals • South Dakota
All buildings, improvements, personal property, fixtures, fittings and furnishings, now or hereafter attached to, located at, or placed in the improvements on the Land described herein including, without limitation all machinery, fittings, fixtures, apparatus, equipment or articles used to supply heating, gas, electricity, air conditioning, water, light, waste disposal, power, refrigeration, ventilation, and fire and sprinkler protection; all maintenance supplies and repair equipment; all draperies, carpeting, floor coverings, screens, storm windows and window coverings, blinds, awnings, shrubbery and plants; all elevators, escalators and shafts, motors, machinery, fittings and supplies necessary for their use; all building materials and supplies now or hereafter delivered to the Premises (it being understood that the enumeration of any specific articles of property shall in no way be held to exclude any items of property not specifically enumerated), as well as renewals, replacements,
REFINANCE TERM LOAN NOTEGreat Plains Ethanol LLC • November 14th, 2007 • Industrial organic chemicals
FOR VALUE RECEIVED, the undersigned, Great Plains Ethanol, LLC, d/b/a POET Biorefining - Chancellor, a South Dakota limited liability company (“Borrower”), hereby promises to pay to the order of AgCountry Farm Credit Services, FLCA (together with any subsequent holder hereof, “Lender”) or its successors and assigns, at Post Office Box 6020, 1900 44th Street South, Fargo, North Dakota 58108, (a) on the Refinance Term Loan Maturity Date (as defined in the Master Credit Agreement between Borrower and Lender dated as of August 10, 2007 and the First Supplement to the Master Credit Agreement (Refinance Term Loan) between Borrower and Lender dated the same date (as the same may be amended, restated, supplemented or otherwise modified from time to time), collectively known as the “Credit Agreement”), the principal sum of Twenty Million and No/100) Dollars ($20,000,000.00) or so much of the unpaid principal amount of the Refinance Term Loan (as defined in the Credit Agreement) as has advanced
THIRD SUPPLEMENT TO THE MASTER CREDIT AGREEMENTMaster Credit Agreement • November 14th, 2007 • Great Plains Ethanol LLC • Industrial organic chemicals • North Dakota
THIS THIRD SUPPLEMENT TO THE MASTER AGREEMENT (“Third Supplement”) is made and entered into as of August 10, 2007, by and between GREAT PLAINS ETHANOL, LLC, d/b/a POET Biorefining – Chancellor, a South Dakota limited liability company, and AGCOUNTRY FARM CREDIT SERVICES, FLCA, a federal land credit association organized under the Farm Credit Act of 1971, as amended. This Third Supplement supplements the Master Credit Agreement between Lender and Borrower dated as of even date herewith (as the same may be amended, restated, supplemented or otherwise modified (other than by Supplements entered into pursuant to Section 1.02 thereof) from time to time, the “Master Agreement”).
MASTER CREDIT AGREEMENT dated as of August 10, 2007 between GREAT PLAINS ETHANOL, LLC as Borrower and AGCOUNTRY FARM CREDIT SERVICES, FLCA as LenderMaster Credit Agreement • November 14th, 2007 • Great Plains Ethanol LLC • Industrial organic chemicals • North Dakota
set forth on a consolidated statement of cash flows of Borrower for such period prepared in accordance with GAAP and (b) Capital Lease Obligations incurred by Borrower during such period.
FIRST SUPPLEMENT TO THE MASTER CREDIT AGREEMENTMaster Credit Agreement • November 14th, 2007 • Great Plains Ethanol LLC • Industrial organic chemicals • North Dakota
THIS FIRST SUPPLEMENT TO THE MASTER CREDIT AGREEMENT (“First Supplement”) is made and entered into as of August 10, 2007, by and between GREAT PLAINS ETHANOL, LLC, d/b/a POET Biorefining - Chancellor, a South Dakota limited liability company, and AGCOUNTRY FARM CREDIT SERVICES, FLCA, a federal land credit association organized under the Farm Credit Act of 1971, as amended. This First Supplement supplements the Master Credit Agreement between Lender and Borrower dated as of even date herewith (as the same may be amended, restated, supplemented or otherwise modified (other than by Supplements entered into pursuant to Section 1.02 thereof) from time to time, the “Master Agreement”).
SECOND SUPPLEMENT TO THE MASTER CREDIT AGREEMENTMaster Credit Agreement • November 14th, 2007 • Great Plains Ethanol LLC • Industrial organic chemicals • North Dakota
THIS SECOND SUPPLEMENT TO THE MASTER CREDIT AGREEMENT (“Second Supplement”) is made and entered into as of August 10, 2007, by and between GREAT PLAINS ETHANOL, LLC, d/b/a POET Biorefining - Chancellor, a South Dakota limited liability company, and AGCOUNTRY FARM CREDIT SERVICES, FLCA, a federal land credit association organized under the Farm Credit Act of 1971, as amended. This Second Supplement supplements the Master Credit Agreement between Lender and Borrower dated as of even date herewith (as the same may be amended, restated, or otherwise modified (other than by Supplements entered into pursuant to Section 1.02 thereof) from time to time, the “Master Agreement”).
