CREDIT AGREEMENTCredit Agreement • June 14th, 2018 • Heron Lake BioEnergy, LLC • Industrial organic chemicals • Colorado
THIS CREDIT AGREEMENT (this “Agreement”), dated as of MAR 29 2018 is entered into by and between HERON LAKE BIOENERGY, LLC, Heron Lake, Minnesota, a limited liability company (the “Borrower”), and COMPEER FINANCIAL, FLCA and COMPEER FINANCIAL, PCA, each a federally-chartered instrumentality of the United States (collectively, “Lender”).
COBANK, ACB COMPEER FINANCIAL, FLCA AND COMPEER FINANCIAL, PCA AMENDED AND RESTATED SECURITY AGREEMENTSecurity Agreement • June 14th, 2018 • Heron Lake BioEnergy, LLC • Industrial organic chemicals • Colorado
THIS AMENDED AND RESTATED SECURITY AGREEMENT (the “Security Agreement”) is executed and delivered by HERON LAKE BIOENERGY, LLC (the “Debtor”), a Minnesota limited liability company, having its place of business (or chief executive office if more than one place of business) and its mailing address at 91246 390th Avenue, Heron Lake, MN 56137 to COBANK, ACB, in its capacity as Administrative Agent on behalf of COMPEER FINANCIAL, FLCA, COMPEER FINANCIAL, PCA and COBANK, ACB (collectively the “Secured Party”), a federally-chartered instrumentality of the United States, whose mailing address is P.O. Box 5110, Denver, CO 80217. This Security Agreement amends, restates, consolidates and supersedes that certain Security Agreement dated as of July 29, 2014 by Heron Lake BioEnergy, LLC, reflecting AgStar Financial Services, FLCA as the secured party.
REVOLVING CREDIT PROMISSORY NOTERevolving Credit Promissory Note • June 14th, 2018 • Heron Lake BioEnergy, LLC • Industrial organic chemicals
THIS REVOLVING CREDIT PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement dated MAR 29 2018 (the “Credit Agreement”), is entered into as of MAR 29 2018 between COMPEER FINANCIAL, PCA, a federally-chartered instrumentality of the United States (“Lender”) and HERON LAKE BIOENERGY, LLC, Heron Lake, Minnesota, 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 NOTERevolving Term Promissory Note • June 14th, 2018 • Heron Lake BioEnergy, LLC • Industrial organic chemicals
THIS AMENDED AND RESTATED REVOLVING TERM PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement dated MAR 29 2018 (the “Credit Agreement”), is entered into as of MAR 29 2018 between COMPEER FINANCIAL, FLCA, a federally-chartered instrumentality of the United States (“Lender”) and HERON LAKE BIOENERGY, LLC, Heron Lake, Minnesota, 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.
COMMODITY ACCOUNT CONTROL AGREEMENTCommodity Account Control Agreement • June 14th, 2018 • Heron Lake BioEnergy, LLC • Industrial organic chemicals • Illinois
This Commodity Account Control Agreement (this “Agreement”), dated as of _______________________, is entered into by and among HERON LAKE BIOENERGY, LLC, a Minnesota limited liability company (the “Debtor”), COBANK, ACB, a federally-chartered instrumentality of the United States (“CoBank”), in its capacity as administrative agent for and on behalf of itself and other lenders (the “Secured Party”), and ADM INVESTOR SERVICES, INC. (together with its successors and assigns, the “Commodity Intermediary”).
AMENDED AND RESTATED ADMINISTRATIVE AGENCY AGREEMENT AND INTERCREDITOR AGREEMENTAdministrative Agency Agreement and Intercreditor Agreement • June 14th, 2018 • Heron Lake BioEnergy, LLC • Industrial organic chemicals • Colorado
THIS AMENDED AND RESTATED ADMINISTRATIVE AGENCY AGREEMENT AND INTERCREDITOR AGREEMENT (this “Agreement”) is entered into as of MAR 29 2018, among COMPEER FINANCIAL, FLCA and COMPEER FINANCIAL, PCA (collectively, the “Lender”), COBANK, ACB (“CoBank”) and HERON LAKE BIOENERGY, LLC (“Borrower”).
AMENDED AND RESTATED GUARANTEE OF PAYMENT CONTINUINGGuarantee of Payment • June 14th, 2018 • Heron Lake BioEnergy, LLC • Industrial organic chemicals • Colorado
THIS AMENDED AND RESTATED GUARANTEE OF PAYMENT (this “Guarantee”) is executed as of March 29, 2018 by HLBE PIPELINE COMPANY, LLC., a Minnesota limited liability company (hereinafter referred to as the “Guarantor”) in favor of COBANK, ACB, in its capacity as Administrative Agent on behalf of COMPEER FINANCIAL, FLCA, COMPEER FINANCIAL, PCA and COBANK, ACB (hereinafter referred to as “CoBank”). This Guarantee amends, restates, consolidates, and supersedes that certain Continuing Guarantee executed by HLBE Pipeline Company, LLC and dated July 29, 2014.
