SECURITY AGREEMENTSecurity Agreement • March 31st, 2015 • Heron Lake BioEnergy, LLC • Industrial organic chemicals • Minnesota
THIS SECURITY AGREEMENT, effective March 30, 2015, 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: MARCH 30, 2015Loan Agreement • March 31st, 2015 • 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 • March 31st, 2015 • 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 March 30, 2015 in the principal amount of Three Million Five Hundred Thousand and no/100 Dollars ($3,500,000.00) 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,
ALLONGELoan Agreement • March 31st, 2015 • Heron Lake BioEnergy, LLC • Industrial organic chemicals
Agreement, made this 30th day of March, 2015 by and between Heron Lake BioEnergy, LLC, (hereafter referred to as “Heron Lake”) and Agrinatural Gas, LLC (hereafter referred to as “Agrinatural”);
COLLATERAL ASSIGNMENTCollateral Assignment • March 31st, 2015 • Heron Lake BioEnergy, LLC • Industrial organic chemicals
THIS COLLATERAL ASSIGNMENT (“Assignment”), effective March 30, 2015, 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").
AGRINATURAL GAS, LLC RESTRUCTURE AGREEMENTRestructure Agreement • March 31st, 2015 • Heron Lake BioEnergy, LLC • Industrial organic chemicals
