CoBANK, ACB AND AGSTAR FINANCIAL SERVICES, FLCA SECURITY AGREEMENTSecurity Agreement • September 16th, 2014 • Heron Lake BioEnergy, LLC • Industrial organic chemicals • Colorado
THIS SECURITY AGREEMENT (the “Security Agreement”) is executed and delivered by HLBE PIPELINE COMPANY, LLC (the “Debtor”), a Minnesota limited liability company, having its place of business (or chief executive office if more than one place of business) located at 91246 390th Avenue, Heron Lake, Minnesota 56137-0077, to CoBANK, ACB, in its capacity as Administrative Agent on behalf of AGSTAR FINANCIAL SERVICES, FLCA and CoBANK, ACB (the “Secured Party”), a federally chartered instrumentality of the United States, whose mailing address is P.O. Box 5110, Denver, Colorado 80217.
SECURITY AGREEMENTSecurity Agreement • September 16th, 2014 • Heron Lake BioEnergy, LLC • Industrial organic chemicals • Minnesota
THIS SECURITY AGREEMENT, effective July 29, 2014, is made and executed by and between Agrinatural Gas, LLC, a Delaware limited liability company, having its principal place of business at 201 - 10th Street, P.O. Box 216, Heron Lake, Minnesota 56137 ("Grantor") and Heron Lake BioEnergy, LLC, a Minnesota limited liability company, having its principal place of business at 91246 - 390th Ave., Heron Lake, Minnesota 56137 ("Lender").
LOAN AGREEMENT DATED: JULY 29, 2014Loan Agreement • September 16th, 2014 • Heron Lake BioEnergy, LLC • Industrial organic chemicals • Minnesota
This Loan Agreement (“Agreement”) is between Agrinatural Gas, LLC, a Delaware Limited Liability Company (hereinafter “Agrinatural”), and Heron Lake BioEnergy, LLC, a Minnesota Limited Liability Company, with an office located in Heron Lake, Minnesota (hereinafter “Heron Lake”).
GUARANTYGuaranty • September 16th, 2014 • Heron Lake BioEnergy, LLC • Industrial organic chemicals
In order to induce Heron Lake BioEnergy, LLC, (hereinafter called "Lender") to make a loan or loans, or renewal or extension thereof, to Agrinatural Gas, LLC (hereinafter called "Debtor"), the Undersigned hereby unconditionally guarantees to Lender, its successors and assigns, the due and punctual payment when due, whether by acceleration or otherwise, in accordance with the terms thereof, twenty-seven percent (27%) of the principal of and interest on and all other sums payable, or stated to be payable, with respect to the note of the Debtor, made by the Debtor to Lender, dated July 29, 2014 in the principal amount of Three Million Fifty Thousand and no/100 Dollars ($3,050,000.00), with interest at the rate as indicated in said Negotiable Promissory Note. Such note, and the interest thereon and all other sums payable with respect thereto are hereinafter collectively called "Liabilities." As security for the performance of this guaranty the Undersigned hereby mortgages, pledges, assigns
COLLATERAL ASSIGNMENTCollateral Assignment • September 16th, 2014 • Heron Lake BioEnergy, LLC • Industrial organic chemicals
THIS COLLATERAL ASSIGNMENT (“Assignment”), effective July 29, 2014, is made and executed by and between Agrinatural Gas, LLC, a Delaware limited liability company, having its principal place of business at 201 - 10th Street, P.O. Box 216, Heron Lake, Minnesota 56137 ("Assignor") and Heron Lake BioEnergy, LLC, a Minnesota limited liability company, having its principal place of business at 91246 - 390th Ave., Heron Lake, Minnesota 56137 ("Assignee").
MASTER LOAN AGREEMENTMaster Loan Agreement • September 16th, 2014 • Heron Lake BioEnergy, LLC • Industrial organic chemicals • Colorado
THIS MASTER LOAN AGREEMENT is entered into as of July 29 , 2014, between AGSTAR FINANCIAL SERVICES, FLCA (the “Lead Lender”) and HERON LAKE BIOENERGY, LLC, Heron Lake, Minnesota (the “Company”).
CONTINUING GUARANTEEContinuing Guarantee • September 16th, 2014 • Heron Lake BioEnergy, LLC • Industrial organic chemicals
REVOLVING TERM LOAN SUPPLEMENTRevolving Term Loan Supplement • September 16th, 2014 • Heron Lake BioEnergy, LLC • Industrial organic chemicals
THIS SUPPLEMENT to the Master Loan Agreement dated _____July 29_______________, 2014 (the “MLA”), is entered into as of _________July 29_____________, 2014 between AGSTAR FINANCIAL SERVICES, FLCA (“Lead Lender”) and HERON LAKE BIOENERGY, LLC, Heron Lake, Minnesota (the “Company”).
