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Exhibit 10.1
 
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 Amendment No. 00031748SLA-A

AMENDMENT TO CREDIT AGREEMENT

THIS AMENDMENT is entered into as of  February 23, 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, "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).

RECITALS

The Borrower and Lender are parties to Credit Agreement Number 00031748SLA dated
as of July 3, 2017 (such agreement, as may be amended, hereinafter referred to
as the “Agreement”).  The Borrower and Lender now desire to amend the
Agreement.  For that reason, and for valuable consideration (the receipt and
sufficiency of which are hereby acknowledged), the Borrower and Lender agree as
follows:

1.             Article 7 of the Agreement will be amended by adding Subsection
7.3 as follows:
 
ARTICLE 7          Financial Covenants.   Unless otherwise agreed to in writing
by Agent, while this Agreement is in effect:

7.3          Debt Service Coverage Ratio.  The Borrower will have at the end of
each fiscal year of the Borrower a Debt Service Coverage Ratio (as defined
below) for such year of not less than 1.50 to 1.00.  For purposes hereof, “Debt
Service Coverage Ratio” means: (a) net income (after taxes), plus depreciation
and amortization, minus non-cash investment income (plus loss), minus
extraordinary gains (plus losses), minus gain (plus loss) on asset sale; divided
by (b) $3,600,000.00 (all as determined in accordance with the Accounting
Standards).

2.             Except as expressly amended hereby, all of the representations,
warranties, terms, covenants and conditions contained in the Agreement and each
other Loan Document shall remain unamended and otherwise unmodified and in full
force and effect.

3.             This Amendment may be executed in counterparts, each of which
will constitute an original, but all of which when taken together will
constitute a single contract.  Delivery of an executed counterpart of a
signature page of this Amendment by facsimile or other electronic means will be
as effective as delivery of a manually executed counterpart of this Amendment.

SIGNATURE PAGE FOLLOWS
 
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LINCOLNWAY ENERGY, LLC
Nevada, Iowa
Amendment No. 00031748SLA-A of Agreement No. 00031748SLA
SIGNATURE PAGE TO AMENDMENT TO CREDIT AGREEMENT

IN WITNESS WHEREOF, the parties hereto, by their duly authorized officers, have
executed this Agreement.
 

 
LINCOLNWAY ENERGY, LLC
     
By:
/s/ Kristine A. Strum      
Name:
Kristine A. Strum      
Title:
Director of Finance

 
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LINCOLNWAY ENERGY, LLC
Nevada, Iowa
Amendment No. 00031748SLA-A of Agreement No. 00031748SLA
SIGNATURE PAGE TO AMENDMENT TO CREDIT AGREEMENT

IN WITNESS WHEREOF, the parties hereto, by their duly authorized officers, have
executed this Agreement.

 
FARM CREDIT SERVICES OF AMERICA, FLCA
     
By:
/s/ Andrew D. McKay      
Name:
Andrew D. McKay      
Title:
Vice President      
FARM CREDIT SERVICES OF AMERICA, PCA
     
By:
/s/ Andrew D. McKay      
Name:
Andrew D. McKay      
Title:
Vice President

 
 
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