EX-10.3



 Exhibit 10.3 

AMENDMENT NO. 2 TO ETHANOL STORAGE AND THROUGHPUT AGREEMENT 

THIS AMENDMENT NO. 2 TO ETHANOL STORAGE AND THROUGHPUT AGREEMENT (this “Agreement”), is entered into and effective as of
September 23, 2016 (the “Effective Date”), by and between Green Plains Ethanol Storage LLC (the “Operator”) and Green Plains Trade Group LLC (the “Customer”). Customer and Operator are
sometimes referred to in this Agreement as the “Parties” and individually as a “Party.” 
 WHEREAS,
Operator wishes to amend the Ethanol Storage and Throughput Agreement effective July 1, 2015, between the Parties (the “Agreement”) on the terms and conditions set forth herein. Terms used herein not defined herein shall have
the meaning set forth in the Agreement; 
 WHEREAS, Operator now owns, operates and maintains 17 ethanol storage terminals as
described on Exhibit G (each such terminal, a “Terminal” and collectively, the “Terminals”) at 17 ethanol plants described in Exhibit H which provide handling storage and throughput of denatured, fuel grade
ethanol and have an aggregate shell capacity of 38.6 million gallons, which allows Operator to (a) receive deliveries of ethanol from various receipt point(s) from Customer’s Ethanol Production Facilities (as defined herein),
(b) to store ethanol, (c) redeliver and load ethanol at various loading and/or delivery point(s), and (d) redeliver ethanol via pipeline to various other delivery points; 

NOW, THEREFORE, in consideration of the mutual premises of the parties and covenants and conditions hereinafter set forth, and other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 

1. Section 1.f. of the Agreement is hereby replaced in its entirety with the following: 

f. Minimum Throughput Capacity: Operator will provide an aggregate throughput capacity at the Terminals for Customer each calendar quarter in
the amount of 349.0 million U.S. gallons (the “Minimum Throughput Capacity”), such volumes to be allocated among each of the Terminals as described in Exhibit G (each Terminal’s allocated portion, the
“Specified Terminal Throughput Capacity”). Customer will exclusively deliver to the Terminals all of the ethanol produced by the Ethanol Production Facilities; provided, however, this obligation shall not prevent Customer from
delivering up to a maximum of 2% of alcohol and non-transportation fuels to other terminal facilities. Customer shall have the right to deliver up to the Minimum Throughput Capacity (on a system-wide basis) to the Terminals each calendar month
during the term subject to all other terms and conditions in this Agreement, on a take-or-pay basis. Customer may have additional Product available to ship during a calendar quarter and will notify Operator of such Product availability using the
Nomination and Scheduling Procedures set forth in Exhibit B. Operator will use its best efforts to accommodate additional Product at a Terminal over and above the Specified Terminal Throughput Capacity; provided, however, that if the storage
capacity at any of the Terminals is insufficient to maintain storage for at least six days of the expected production of the Customer’s Ethanol Production Facility adjacent to such Terminal, Customer and Operator will negotiate the terms of
providing service above such level, including the potential construction of additional capacity. 







 2. Section 2.a. of the Agreement is hereby replaced in its entirety with the following: 

a. MTVC: For each calendar quarter during the Term, Customer shall be obligated to tender for delivery to the Terminals and to nominate
Customer Product for delivery, a minimum volume of 296.6 million gallons of Customer Product (the “Minimum Throughput Volume Commitment” or “MTVC”), such volumes to be allocated among each of the Terminals as described in
Exhibit G (the “Terminal Throughput Volume Commitment” or “TTVC”). 
 3. Exhibits G and H are replaced in their entirety
with the Exhibits G and H attached hereto and incorporated herein by reference. 
 4. Section 17 of the Agreement is hereby replaced in
its entirety with the following: 
 17. Amendment and Waiver. Except as otherwise provided herein, no modification, amendment or
waiver of any provision of this Agreement shall be effective against either party unless such modification, amendment or waiver is approved in writing and countersigned by each party hereto. The failure of any party to enforce any of the provisions
of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. The addition of any person as a
party to this Agreement shall not constitute a modification or amendment to any provision of this Agreement. The parties may amend the Agreement with just the addition of an additional Exhibit G and Exhibit H, signed by the Parties, when Operator
has added storage capacity for which Customer has agreed to use Operator to provide storage and throughput services pursuant to the terms hereof. 

[Signature Page Follows] 







 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year
first above written. 
  

			
	OPERATOR: GREEN PLAINS ETHANOL STORAGE LLC
		
	Signature:	 	 /s/ Jerry L. Peters

	Print Name:	 	 Jerry L. Peters

	Title:	 	 Chief Financial Officer

	
	CUSTOMER: GREEN PLAINS TRADE GROUP LLC
		
	Signature:	 	 /s/ Jerry L. Peters

	Print Name:	 	 Jerry L. Peters

	Title:	 	 Chief Financial Officer









 EXHIBIT G 

TERMINAL DESCRIPTION 
  

													
	 Location/Terminals
	  	Minimum
Throughput
(mmg per calendar
quarter)	 	  	Ethanol Storage
Capacity
(mmg)	 	  	Tank Bottoms
(in gallons)	 
	 Atkinson, Nebraska
	  	 	9.38	  	  	 	2.074	  	  	 	363,000	  
	 Bluffton, Indiana
	  	 	27.90	  	  	 	3.000	  	  	 	277,170	  
	 Central City, Nebraska
	  	 	22.75	  	  	 	2.250	  	  	 	300,000	  
	 Fairmont, Minnesota
	  	 	21.56	  	  	 	3.124	  	  	 	275,000	  
	 Hereford, Texas
	  	 	22.50	  	  	 	4.406	  	  	 	642,600	  
	 Hopewell, Virginia
	  	 	11.50	  	  	 	.761	  	  	 	166,600	  
	 Lakota, Iowa
	  	 	18.75	  	  	 	2.500	  	  	 	300,000	  
	 Madison, Illinois
	  	 	20.25	  	  	 	2.855	  	  	 	253,800	  
	 Mount Vernon, Indiana
	  	 	20.25	  	  	 	2.855	  	  	 	253,800	  
	 Obion, Tennessee
	  	 	27.96	  	  	 	3.000	  	  	 	250,000	  
	 Ord, Nebraska
	  	 	11.00	  	  	 	1.550	  	  	 	150,000	  
	 Otter Tail, Minnesota
	  	 	9.75	  	  	 	2.000	  	  	 	250,000	  
	 Riga, Michigan
	  	 	13.95	  	  	 	1.239	  	  	 	190,000	  
	 Shenandoah, Iowa
	  	 	15.11	  	  	 	1.524	  	  	 	150,000	  
	 Superior, Iowa
	  	 	11.10	  	  	 	1.238	  	  	 	228,000	  
	 Wood River, Nebraska
	  	 	23.29	  	  	 	3.124	  	  	 	280,000	  
	 York, Nebraska
	  	 	9.60	  	  	 	1.100	  	  	 	117,500	  








 EXHIBIT H 

ETHANOL PRODUCTION FACILITIES 
  

					
	 	 	 Ethanol Production

Plant Location
	 	 
		 	Atkinson, Nebraska	 	
		 	Bluffton, Indiana	 	
		 	Central City, Nebraska	 	
		 	Fairmont, Minnesota	 	
		 	Hereford, Texas	 	
		 	Hopewell, Virginia	 	
		 	Lakota, Iowa	 	
		 	Madison, Illinois	 	
		 	Mount Vernon, Indiana	 	
		 	Obion, Tennessee	 	
		 	Ord, Nebraska	 	
		 	Otter Trail, Minnesota	 	
		 	Riga, Michigan	 	
		 	Shenandoah, Iowa	 	
		 	Superior, Iowa	 	
		 	Wood River, Nebraska	 	
		 	York, Nebraska