EX-10.1B



 Exhibit 10.1(b) 

TERM NOTE 
  

			
	$16,500,000.00	  	Chicago, Illinois                

 October 3, 2016 

FOR VALUE RECEIVED, each of the undersigned (each individually a “Borrower” and collectively, the
“Borrowers”), HEREBY JOINTLY AND SEVERALLY PROMISES TO PAY to THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY (“Lender”) at the offices of MARANON CAPITAL, L.P., a Delaware limited partnership, as agent for Lenders
(“Agent”), at its address set forth in Section 9.3 of the Credit Agreement, or at such other place as Agent may designate from time to time in writing, in lawful money of the United States of America and in
immediately available funds, the amount of SIXTEEN MILLION FIVE HUNDRED THOUSAND DOLLARS AND 00/100 CENTS ($16,500,000.00). All capitalized terms used but not otherwise defined herein have the meanings given to them in the “Credit
Agreement” (as hereinafter defined) or in Annex A thereto. 
 This Term Note is one of the Term Notes issued
pursuant to that certain Credit Agreement dated as of October 3, 2016 by and among Borrowers, the other Persons named therein as Credit Parties, Agent, Lenders and the other Persons signatory thereto from time to time as Lenders (including all
annexes, exhibits and schedules thereto and as from time to time amended, restated, amended and restated, supplemented or otherwise modified, the “Credit Agreement”), and is entitled to the benefit and security of the Credit
Agreement, the Security Agreement and all of the other Loan Documents referred to therein. Reference is hereby made to the Credit Agreement for a statement of all of the terms and conditions under which the Loans evidenced hereby are made and
are to be repaid. The principal balance of the Term Loan, the rates of interest applicable thereto and the date and amount of each payment made on account of the principal thereof, shall be recorded by Agent on its books; provided that the
failure of Agent to make any such recordation shall not affect the obligations of Borrowers to make a payment when due of any amount owing under the Credit Agreement or this Term Note. 

The principal amount of the indebtedness evidenced hereby shall be payable in the amounts and on the dates specified in the Credit
Agreement. Interest thereon shall be paid until such principal amount is paid in full at such interest rates and at such times, and pursuant to such calculations, as are specified in the Credit Agreement. The terms of the Credit Agreement
are hereby incorporated herein by reference. 
 If any payment on this Term Note becomes due and payable on a day other than a Business Day,
the payment thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. 

Upon and during the occurrence of any Event of Default, this Term Note may, in accordance with the terms and conditions set forth in Section
6.3 of the Credit Agreement, and without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other legal requirement of any kind (all of which are hereby expressly waived by Borrowers), be declared, and
immediately shall become, due and payable in accordance with the terms of such Section. 
 Time is of the essence of this Term Note.

Except as provided in the Credit Agreement, this Term Note may not be assigned by Lender to any Person. 







 THIS TERM NOTE SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL
LAWS OF THE STATE OF ILLINOIS WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES. 
  

			
	 GREEN PLAINS II LLC

		
	By:	 	 /s/ Todd Becker

	Name:	 	 Todd Becker

	Title:	 	 President and Chief Executive Officer










 TERM NOTE 
  


			
	 $19,000,000.00
	  	Chicago, Illinois                

 October 3, 2016 

FOR VALUE RECEIVED, each of the undersigned (each individually a “Borrower” and collectively, the
“Borrowers”), HEREBY JOINTLY AND SEVERALLY PROMISES TO PAY to AXA EQUITABLE LIFE INSURANCE COMPANY (“Lender”) at the offices of MARANON CAPITAL, L.P., a Delaware limited partnership, as agent for Lenders
(“Agent”), at its address set forth in Section 9.3 of the Credit Agreement, or at such other place as Agent may designate from time to time in writing, in lawful money of the United States of America and in
immediately available funds, the amount of NINETEEN MILLION DOLLARS AND 00/100 CENTS ($19,000,000.00). All capitalized terms used but not otherwise defined herein have the meanings given to them in the “Credit Agreement” (as
hereinafter defined) or in Annex A thereto. 
 This Term Note is one of the Term Notes issued pursuant to that
certain Credit Agreement dated as of October 3, 2016 by and among Borrowers, the other Persons named therein as Credit Parties, Agent, Lenders and the other Persons signatory thereto from time to time as Lenders (including all annexes, exhibits
and schedules thereto and as from time to time amended, restated, amended and restated, supplemented or otherwise modified, the “Credit Agreement”), and is entitled to the benefit and security of the Credit Agreement, the Security
Agreement and all of the other Loan Documents referred to therein. Reference is hereby made to the Credit Agreement for a statement of all of the terms and conditions under which the Loans evidenced hereby are made and are to be
repaid. The principal balance of the Term Loan, the rates of interest applicable thereto and the date and amount of each payment made on account of the principal thereof, shall be recorded by Agent on its books; provided that the failure of
Agent to make any such recordation shall not affect the obligations of Borrowers to make a payment when due of any amount owing under the Credit Agreement or this Term Note. 

The principal amount of the indebtedness evidenced hereby shall be payable in the amounts and on the dates specified in the Credit
Agreement. Interest thereon shall be paid until such principal amount is paid in full at such interest rates and at such times, and pursuant to such calculations, as are specified in the Credit Agreement. The terms of the Credit Agreement
are hereby incorporated herein by reference. 
 If any payment on this Term Note becomes due and payable on a day other than a Business Day,
the payment thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. 

Upon and during the occurrence of any Event of Default, this Term Note may, in accordance with the terms and conditions set forth in Section
6.3 of the Credit Agreement, and without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other legal requirement of any kind (all of which are hereby expressly waived by Borrowers), be declared, and
immediately shall become, due and payable in accordance with the terms of such Section. 
 Time is of the essence of this Term Note.

Except as provided in the Credit Agreement, this Term Note may not be assigned by Lender to any Person. 







 THIS TERM NOTE SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL
LAWS OF THE STATE OF ILLINOIS WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES. 
  

			
	GREEN PLAINS II LLC
		
	By:	 	 /s/ Todd Becker

	Name:	 	 Todd Becker

	Title:	 	 President and Chief Executive Officer










 TERM NOTE 
  


			
	$17,000,000.00	  	Chicago, Illinois                

 October 3, 2016 

FOR VALUE RECEIVED, each of the undersigned (each individually a “Borrower” and collectively, the
“Borrowers”), HEREBY JOINTLY AND SEVERALLY PROMISES TO PAY to METROPOLITAN LIFE INSURANCE COMPANY (“Lender”) at the offices of MARANON CAPITAL, L.P., a Delaware limited partnership, as agent for Lenders
(“Agent”), at its address set forth in Section 9.3 of the Credit Agreement, or at such other place as Agent may designate from time to time in writing, in lawful money of the United States of America and in
immediately available funds, the amount of SEVENTEEN MILLION DOLLARS AND 00/100 CENTS ($17,000,000.00). All capitalized terms used but not otherwise defined herein have the meanings given to them in the “Credit Agreement” (as
hereinafter defined) or in Annex A thereto. 
 This Term Note is one of the Term Notes issued pursuant to that
certain Credit Agreement dated as of October 3, 2016 by and among Borrowers, the other Persons named therein as Credit Parties, Agent, Lenders and the other Persons signatory thereto from time to time as Lenders (including all annexes, exhibits
and schedules thereto and as from time to time amended, restated, amended and restated, supplemented or otherwise modified, the “Credit Agreement”), and is entitled to the benefit and security of the Credit Agreement, the Security
Agreement and all of the other Loan Documents referred to therein. Reference is hereby made to the Credit Agreement for a statement of all of the terms and conditions under which the Loans evidenced hereby are made and are to be repaid. The
principal balance of the Term Loan, the rates of interest applicable thereto and the date and amount of each payment made on account of the principal thereof, shall be recorded by Agent on its books; provided that the failure of Agent to make any
such recordation shall not affect the obligations of Borrowers to make a payment when due of any amount owing under the Credit Agreement or this Term Note. 

The principal amount of the indebtedness evidenced hereby shall be payable in the amounts and on the dates specified in the Credit
Agreement. Interest thereon shall be paid until such principal amount is paid in full at such interest rates and at such times, and pursuant to such calculations, as are specified in the Credit Agreement. The terms of the Credit Agreement
are hereby incorporated herein by reference. 
 If any payment on this Term Note becomes due and payable on a day other than a Business Day,
the payment thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. 

Upon and during the occurrence of any Event of Default, this Term Note may, in accordance with the terms and conditions set forth in Section
6.3 of the Credit Agreement, and without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other legal requirement of any kind (all of which are hereby expressly waived by Borrowers), be declared, and
immediately shall become, due and payable in accordance with the terms of such Section. 
 Time is of the essence of this Term Note.

Except as provided in the Credit Agreement, this Term Note may not be assigned by Lender to any Person. 







 THIS TERM NOTE SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL
LAWS OF THE STATE OF ILLINOIS WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES. 
  

			
	GREEN PLAINS II LLC
		
	By:	 	 /s/ Todd Becker

	Name:	 	 Todd Becker

	Title:	 	 President and Chief Executive Officer










 TERM NOTE 
  


			
	$4,000,000.00	  	Chicago, Illinois                

 October 3, 2016 

FOR VALUE RECEIVED, each of the undersigned (each individually a “Borrower” and collectively, the
“Borrowers”), HEREBY JOINTLY AND SEVERALLY PROMISES TO PAY to METLIFE INSURANCE COMPANY USA (“Lender”) at the offices of MARANON CAPITAL, L.P., a Delaware limited partnership, as agent for Lenders
(“Agent”), at its address set forth in Section 9.3 of the Credit Agreement, or at such other place as Agent may designate from time to time in writing, in lawful money of the United States of America and in
immediately available funds, the amount of FOUR MILLION DOLLARS AND 00/100 CENTS ($4,000,000.00). All capitalized terms used but not otherwise defined herein have the meanings given to them in the “Credit Agreement” (as hereinafter
defined) or in Annex A thereto. 
 This Term Note is one of the Term Notes issued pursuant to that certain Credit
Agreement dated as of October 3, 2016 by and among Borrowers, the other Persons named therein as Credit Parties, Agent, Lenders and the other Persons signatory thereto from time to time as Lenders (including all annexes, exhibits and schedules
thereto and as from time to time amended, restated, amended and restated, supplemented or otherwise modified, the “Credit Agreement”), and is entitled to the benefit and security of the Credit Agreement, the Security Agreement and
all of the other Loan Documents referred to therein. Reference is hereby made to the Credit Agreement for a statement of all of the terms and conditions under which the Loans evidenced hereby are made and are to be repaid. The principal balance
of the Term Loan, the rates of interest applicable thereto and the date and amount of each payment made on account of the principal thereof, shall be recorded by Agent on its books; provided that the failure of Agent to make any such recordation
shall not affect the obligations of Borrowers to make a payment when due of any amount owing under the Credit Agreement or this Term Note. 

The principal amount of the indebtedness evidenced hereby shall be payable in the amounts and on the dates specified in the Credit
Agreement. Interest thereon shall be paid until such principal amount is paid in full at such interest rates and at such times, and pursuant to such calculations, as are specified in the Credit Agreement. The terms of the Credit Agreement
are hereby incorporated herein by reference. 
 If any payment on this Term Note becomes due and payable on a day other than a Business Day,
the payment thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. 

Upon and during the occurrence of any Event of Default, this Term Note may, in accordance with the terms and conditions set forth in Section
6.3 of the Credit Agreement, and without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other legal requirement of any kind (all of which are hereby expressly waived by Borrowers), be declared, and
immediately shall become, due and payable in accordance with the terms of such Section. 
 Time is of the essence of this Term Note.

Except as provided in the Credit Agreement, this Term Note may not be assigned by Lender to any Person. 







 THIS TERM NOTE SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL
LAWS OF THE STATE OF ILLINOIS WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES. 
  

			
	GREEN PLAINS II LLC
		
	By:	 	 /s/ Todd Becker

	Name:	 	 Todd Becker

	Title:	 	 President and Chief Executive Officer