Document:

EX-10.1(b)

 Exhibit 10.1(b) 

GUARANTY 
 THIS GUARANTY,
dated as of August 29, 2017 (as amended, restated, supplemented or modified from time to time, the “Guaranty”), is executed in favor of BNP PARIBAS, as collateral agent (in such capacity, the “Collateral
Agent”) and as administrative agent (in such capacity, the “Administrative Agent”) and the other Lender Parties (as defined below). 

W I T N E S S E T H: 

WHEREAS, Green Plains Inc. (the “Borrower”), the lenders party thereto from time to time, the Administrative Agent and the
Collateral Agent, have entered into a Term Loan Agreement, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”; capitalized terms used but not defined herein
have the respective meanings ascribed thereto in the Loan Agreement); and 
 WHEREAS, each of the undersigned will benefit from the making
of Loans pursuant to the Loan Agreement and is willing to guarantee the respective Liabilities (as defined below) as hereinafter set forth; 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the undersigned
agrees as follows: 
 Each of the undersigned hereby, jointly and severally, absolutely, unconditionally and irrevocably, as primary obligor
and not merely as surety, guarantees the full and prompt payment when due, whether by acceleration or otherwise, and at all times thereafter, of: (a) all obligations of the Borrower, howsoever created, arising or evidenced, whether direct or
indirect, absolute or contingent, now or hereafter existing, or due or to become due, and whether for principal, interest, fees, reimbursement obligations, indemnities or otherwise (including, without limitation, interest accruing after, and
advances made after, the commencement of an Insolvency Proceeding with respect to the Borrower, whether or not a claim for post-filing or post-petition interest or advances is allowed in such case or proceeding), that arise under or in connection
with the Loan Agreement or any other Loan Document, as the same may be amended, modified, extended or renewed from time to time; and (b) all out-of-pocket costs and expenses (including reasonable attorneys’ fees and charges) paid or
incurred by the Administrative Agent or any other Lender Party (as defined below) in enforcing this Guaranty or any other applicable Loan Document against such undersigned (all of the foregoing obligations, collectively, the
“Liabilities” of such undersigned); provided that the liability of each of the undersigned hereunder shall be limited to the maximum amount of the applicable Liabilities that such undersigned may guarantee without rendering
this Guaranty void or voidable with respect to such undersigned under any fraudulent conveyance or fraudulent transfer law. Each of the undersigned under this Guaranty desire to allocate among themselves, in a fair and equitable manner, their
obligations arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by any of the undersigned under this Guaranty or under any other guaranty related to the obligations under the Loan Agreement, such
guarantor shall be entitled to a contribution from each of the other undersigned guarantors in the maximum amount permitted by law so as to maximize the aggregate amount of the Liabilities paid to the Lender Parties. 

 As used herein, “Lender Party” means the Administrative Agent, the Collateral Agent, and each
Lender. 
 Each of the undersigned agrees that if any Event of Default occurs under Section 12.1.7 or 12.1.8 of the Loan Agreement at a
time when the Liabilities are not otherwise due and payable in full (whether due to a judicial stay of acceleration or otherwise), then such undersigned will pay to the Administrative Agent for the account of the Lender Parties forthwith the full
amount that would be payable hereunder by such undersigned if all Liabilities were then due and payable. 
 Each of the undersigned is
(i) duly formed or organized and is validly existing and in good standing under the laws of the jurisdiction in which it was formed and (ii) has full power and authority to execute this Guaranty. This Guaranty has been duly and validly
executed by or on behalf of each of the undersigned and constitutes the legal, valid and binding obligation of each of the undersigned and is enforceable against each of them in accordance with its terms, subject, as to enforceability, to the effect
of applicable bankruptcy, insolvency and other similar laws limiting the enforcement of creditors’ rights generally and to general principles of equity. The execution, delivery and performance of this Guaranty by each of the undersigned does
not and will not violate, or contravene (x) its Organizational Documents, (y) any existing license, contract, indenture or other agreement binding upon any of them or (z) any existing law, statute, regulation, order, decree or
judgment applicable to any of them or their respective property. No authorization, approval, or other action by, and no notice to or filing with, any governmental authority, regulatory body or any other Person is required for the execution,
delivery, and performance of this Guaranty by any of the undersigned. 
 To secure all obligations of each of the undersigned hereunder, the
Collateral Agent and each other Lender Party shall have a Lien on and security interest in all balances, credits, deposits, accounts or moneys of or in the name of such undersigned now or hereafter held with the Collateral Agent or such other Lender
Party and any and all property of every kind or description of or in the name of such undersigned now or hereafter, for any reason or purpose whatsoever, in the possession or control of, or in transit to, the Collateral Agent or such other Lender
Party or any agent or bailee for the Collateral Agent or such other Lender Party. Subject to the terms of the Loan Documents and the ABL Intercreditor Agreements, each Lender Party may, at its option, offset balances held by such Lender Party for
the account of any of the undersigned (at any of its offices and regardless of whether such balances are then due to such undersigned), against any Liabilities of such undersigned owing to such Lender Party that are not paid when due (by
acceleration or otherwise). 
 This Guaranty shall in all respects be a continuing, irrevocable, absolute and unconditional guaranty of
payment and performance and not merely a guaranty of collectability, and shall remain in full force and effect (notwithstanding the dissolution of any of the undersigned, that at any time or from time to time no Liabilities are outstanding or any
other circumstance) until all Liabilities have been indefeasibly paid in full in cash. 

  
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 Each of the undersigned further agrees that if at any time all or any part of any payment
theretofore applied by the Administrative Agent or any other Lender Party to any of the Liabilities is or must be rescinded or returned by the Administrative Agent or such other Lender Party for any reason whatsoever (including the insolvency,
bankruptcy or reorganization of the Borrower or any of the undersigned), such Liabilities shall, for purposes of this Guaranty, to the extent that such payment is or must be rescinded or returned, be deemed to have continued in existence,
notwithstanding such application by the Administrative Agent or such other Lender Party, and this Guaranty shall continue to be effective or be reinstated, as the case may be, as to such Liabilities, all as though such application by the
Administrative Agent or such other Lender Party had not been made. 
 The Administrative Agent or any other Lender Party may, from time to
time, at its sole discretion and without notice to any of the undersigned in their capacity as guarantors hereunder, take any or all of the following actions without affecting the obligations of any of the undersigned hereunder: (a) retain or
obtain a security interest in any property to secure any of the Liabilities or any obligation hereunder, (b) retain or obtain the primary or secondary obligation of any other obligor or obligors (in addition to each of the undersigned) with
respect to any of the Liabilities, (c) extend, modify, restate, amend or renew any of the Liabilities for one or more periods (whether or not longer than the original period), alter or exchange any of the Liabilities, or release or compromise
any obligation of any of the undersigned hereunder or any other guarantor or any obligation of any nature of any other obligor with respect to any of the Liabilities, (d) release any security interest in, or surrender, release or permit any
substitution or exchange for, any property securing any Liabilities or any obligation hereunder, or extend or renew for one or more periods (whether or not longer than the original period) or release, compromise, alter or exchange any obligations of
any nature of any obligor with respect to any such property, and (e) resort to any of the undersigned for payment of any of the Liabilities when due, whether or not the Administrative Agent or such other Lender Party shall have resorted to any
property securing any of the Liabilities or any obligation hereunder or shall have proceeded against any of the undersigned or any other obligor primarily or secondarily obligated with respect to any of the Liabilities. 

Any amount received by the Administrative Agent or any Lender Party from whatever source on account of the Liabilities may be applied by it
toward the payment of the Liabilities in accordance with the Loan Documents and, notwithstanding any payment made by or for the account of any of the undersigned pursuant to this Guaranty, each of the undersigned shall not exercise any right of
subrogation to any right of any Lender Party until such time as this Guaranty shall have been terminated as to all of the undersigned and the Lender Parties shall have received final payment in cash of the full amount of all Liabilities. 

In case any payment is made on account of the Liabilities by any of the undersigned or is received or collected on account of the Liabilities
from any of the undersigned or its property: (a) if such payment is made by an undersigned or from its property in respect of the Liabilities of another undersigned, such undersigned shall be entitled, subject to and upon (but not before) such
time as this Guaranty shall have been terminated as to all of the undersigned and the Lender Parties shall have received final payment in cash of the full amount of all Liabilities, (i) to 

  
 3 

 
demand and enforce reimbursement for the full amount of such payment from such other undersigned, and (ii) to demand and enforce contribution in respect of such payment from each other
undersigned which has not paid its fair share of such payment, as necessary to ensure that (after giving effect to any enforcement of reimbursement rights provided hereby) each undersigned pays its fair share of the unreimbursed portion of such
payment; and (b) if and whenever any right of reimbursement or contribution becomes enforceable by any of the undersigned against any other undersigned whether under this paragraph or otherwise, such undersigned shall be entitled, subject to
and upon (but not before) such time as this Guaranty shall have been terminated as to all of the undersigned and the Lender Parties shall have received final payment in cash of the full amount of all Liabilities, to be subrogated (equally and
ratably with each of the other undersigned entitled to reimbursement or contribution from any other undersigned as set forth in this paragraph) to any security interest that may then be held by the Collateral Agent upon any Collateral securing or
purporting to secure any of the Liabilities. For purposes of (a)(ii) above, , the fair share of each undersigned as to any unreimbursed payment shall be determined based on an equitable apportionment of such unreimbursed payment among all of the
undersigned (other than the undersigned whose primary obligations were so guaranteed by each of the other undersigned) based on the relative value of their assets and any other equitable considerations deemed appropriate by the court. Any right of
subrogation of any of the undersigned shall be enforceable solely after such time as this Guaranty shall have been terminated as to all of the undersigned and the Lender Parties shall have received final payment in cash of the full amount of all
Liabilities and solely against each of the undersigned, and not against the Lender Parties, and neither the Collateral Agent nor any other Lender Party shall have any duty whatsoever to warrant, ensure or protect any such right of subrogation or to
obtain, perfect, maintain, hold, enforce or retain any Collateral securing or purporting to secure any of the Liabilities for any purpose related to any such right of subrogation. All rights and claims arising under this paragraph or based upon or
relating to any other right of reimbursement, indemnification, contribution or subrogation that may at any time arise or exist in favor of any of the undersigned as to any payment on account of either (x) the Liabilities or (y) any other
obligation that is secured by any Collateral that also secures or purports to secure any of the Liabilities, in each case made by it or received or collected from its property shall be fully subordinated to the Liabilities in all respects prior to
such time as this Guaranty shall have been terminated as to all of the undersigned and the Lender Parties shall have received final payment in cash of the full amount of all Liabilities. Until such time as this Guaranty shall have been terminated as
to all of the undersigned and the Lender Parties shall have received final payment in cash of the full amount of all Liabilities, none of the undersigned may demand or receive any collateral security, payment or distribution whatsoever (whether in
cash, property or securities or otherwise) on account of any such right or claim. If any such payment or distribution is made or becomes available to any of the undersigned in any bankruptcy case, receivership, or insolvency or liquidation
proceeding, such payment or distribution shall be delivered by the person making such payment or distribution directly to the Collateral Agent, for application to the payment of the Liabilities. If any such payment or distribution is received by any
of the undersigned, it shall be held by such undersigned in trust, as trustee of an express trust for the benefit of the Lender Parties, and shall forthwith be transferred and delivered by such undersigned to the Collateral Agent, in the exact form
received and, if necessary, duly endorsed. 

  
 4 

 Each of the undersigned hereby expressly waives: (a) notice of the acceptance by any Lender
Party of this Guaranty, (b) notice of the existence or creation or non-payment of all or any of the Liabilities, (c) presentment, demand, notice of dishonor, protest, and all other notices whatsoever, and (d) all diligence in
collection or protection of or realization upon any Liabilities or any security for or guaranty of any Liabilities. 
 The creation or
existence from time to time of additional Liabilities to any Lender Party is hereby authorized, without notice to any of the undersigned, and shall in no way affect or impair the rights of any Lender Party or the obligations of any of the
undersigned under this Guaranty. 
 Subject to the provisions of the Loan Agreement, any Lender Party may from time to time, without notice
to any of the undersigned, assign or transfer any of the Liabilities or any interest therein; and, notwithstanding any such assignment or transfer or any subsequent permitted assignment or permitted transfer thereof, such Liabilities shall be and
remain Liabilities for purposes of this Guaranty, and each and every immediate and successive permitted assignee or permitted transferee of any of the Liabilities or of any interest therein shall, to the extent of the interest of such assignee or
transferee in the Liabilities, be entitled to the benefits of this Guaranty to the same extent as if such assignee or transferee were an original Lender Party. 

No delay on the part of any Lender Party in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial
exercise by any Lender Party of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy, nor shall any modification or waiver of any provision of this Guaranty be binding upon any Lender
Party except as expressly set forth in a writing duly signed and delivered on behalf of the Administrative Agent. No action of any Lender Party permitted hereunder shall in any way affect or impair the rights of any Lender Party or the obligations
of any of the undersigned under this Guaranty. For purposes of this Guaranty, Liabilities shall include all obligations of the Borrower to any Lender Party arising under or in connection with any Loan Document, notwithstanding any right or power of
the Borrower or anyone else to assert any claim or defense as to the invalidity or unenforceability of any obligation, and no such claim or defense shall affect or impair the obligations of any of the undersigned hereunder. 

Pursuant to the Loan Agreement, (a) this Guaranty has been delivered to the Administrative Agent and (b) the Administrative Agent
has been authorized to enforce this Guaranty on behalf of the Lender Parties. All payments by any of the undersigned pursuant to this Guaranty shall be made to the Administrative Agent (and any amount received by the Administrative Agent for the
account of a Lender Party shall, subject to the other provisions of this Guaranty, be deemed received by such Lender Party upon receipt by the Administrative Agent) at such office or account of the Administrative Agent as the Administrative Agent
may designate from time to time, in lawful money of the United States of America and in immediately available funds without setoff, recoupment, deduction, defense or counterclaim and free and clear of, and, except as required by applicable law,
without deduction or withholding for or on account of, any Taxes, but excluding Taxes imposed on or measured by the Administrative Agent’s net income by the jurisdiction of the Administrative Agent’s organization, the United States of
America, the State or City of New York or any taxing authority thereof. If, under 

  
 5 

 
applicable law, any such Taxes are required to be deducted or withheld from any such payment, each of the undersigned will pay additional interest or will make additional payments in such amounts
as may be necessary so that the net amount received by the Administrative Agent, after withholding or deduction therefor and for any Taxes and other taxes on such additional interest or amounts, will be equal to the amount provided for herein. Each
of the undersigned agrees to furnish promptly to the Administrative Agent official receipts evidencing payment of any Taxes so withheld or deducted. Each of the undersigned hereby agrees to indemnify the Administrative Agent for, and to hold the
Administrative Agent harmless against, the full amount of Taxes imposed on or paid by the Administrative Agent, and any liability (including penalties, additions to tax, interest and expenses) arising therefrom or with respect thereto. The indemnity
by each of the undersigned provided for in this paragraph shall apply and be made whether or not the Taxes for which indemnification hereunder is sought have been correctly or legally asserted. Amounts payable by each of the undersigned under the
indemnity set forth in this paragraph shall be paid within ten (10) days from the date on which the Administrative Agent makes written demand therefor. Determinations by the Administrative Agent pursuant to this paragraph shall be conclusive
absent manifest error, and the provisions of this paragraph shall survive termination of this Guaranty. 
 Each of the undersigned
acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower such information concerning the financial condition, business and operations of the Borrower as such undersigned requires, and
that the Lender Parties have no duty, and such undersigned is not relying on the Lender Parties at any time, to disclose to such undersigned any information relating to the business, operations or financial condition of the Borrower. 

Any other Person may become a guarantor hereunder and become bound by the terms and conditions of this Guaranty, in each case effective as of
the date set forth in the applicable Joinder, by executing and delivering to the Administrative Agent a Joinder to Guaranty substantially in the form attached hereto as Exhibit “A” (a “Joinder”). 

This Guaranty shall be binding upon each of the undersigned and their respective successors and assigns, and to the extent that any of the
undersigned is a partnership, corporation, limited liability company or other entity, all references herein to any of the undersigned shall be deemed to include any successor or successors, whether immediate or remote, to such undersigned. The term
“undersigned” as used herein shall mean all parties executing this Guaranty and each of them, and all such parties shall, to the extent set forth herein, be jointly and severally obligated hereunder. 

THIS GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS
OF LAW PROVISIONS THEREOF). Whenever possible each provision of this Guaranty shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Guaranty shall be prohibited by or invalid under
applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Guaranty. 

  
 6 

 Consistent with the foregoing, and notwithstanding any other provision of this Guaranty to the
contrary, in the event that any action or proceeding is brought in whatever form and in whatever forum seeking to invalidate any Guarantor’s obligations under this Guaranty under any fraudulent conveyance theory, fraudulent transfer theory, or
similar avoidance theory, whether under state or federal law, such Guarantor (the “Affected Guarantor”), automatically and without any further action being required of such Affected Guarantor or any Lender Party, shall be liable
under this Guaranty only for an amount equal to the maximum amount of liability that could have been incurred under applicable law by such Affected Guarantor under any guaranty of the Liabilities (or any portion thereof) at the time of the execution
and delivery of this Guaranty (or, if such date is determined not to be the appropriate date for determining the enforceability of such Affected Guarantor’s obligations hereunder for fraudulent conveyance or transfer (or similar avoidance)
purposes, on the date determined to be so appropriate) without rendering such a hypothetical guaranty voidable under applicable law relating to fraudulent conveyance, fraudulent transfer, or any other grounds for avoidance (such highest amount
determined hereunder being any such Affected Guarantor’s “Maximum Guaranty Amount”), and not for any greater amount, as if the stated amount of this Guaranty as to such Affected Guarantor had instead been the Maximum Guaranty
Amount. This paragraph is intended solely to preserve the rights of the Lender Parties under this Guaranty to the maximum extent not subject to avoidance under applicable law, and neither any Affected Guarantor nor any other person or entity shall
have any right or claim under this paragraph with respect to the limitation described in this Guaranty, except to the extent necessary so that the obligations of any Affected Guarantor under this Guaranty shall not be rendered voidable under
applicable law. Without limiting the generality of the foregoing, the determination of a Maximum Guaranty Amount for any Affected Guarantor pursuant to the provisions of the second preceding sentence of this paragraph shall not in any manner reduce
or otherwise affect the obligations of any other Guarantor (including any other Affected Guarantor) under the provisions of this Guaranty. 

This Guaranty may be executed in any number of counterparts (including via facsimile or in a .pdf or similar file) and by the different
parties hereto on separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute one and the same Guaranty. 

Other than automatic modifications related to the addition of a party hereto pursuant to a Joinder, no amendment, modification or waiver of,
or consent with respect to, any provision of this Guaranty shall be effective unless the same shall be in writing and signed and delivered by the Administrative Agent, and then such amendment, modification, waiver or consent shall be effective only
in the specific instance and for the specific purpose for which it was given. 
 Unless otherwise agreed by the Lender Parties and each of
the undersigned in writing, this Guaranty is not intended to supersede or otherwise affect any other guaranty now or hereafter given by such undersigned for the benefit of the Lender Parties or any term or provision thereof. 

The obligations of each of the undersigned under this Guaranty are secured pursuant to the Collateral Documents (as amended, restated,
supplemented or otherwise modified from time to time) and may be secured by one or more other agreements (including one or more pledge agreements, mortgages, deeds of trust or other similar documents). 

  
 7 

 ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS GUARANTY,
SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN THE COURTS OF THE STATE OF NEW YORK OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK; PROVIDED THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER
PROPERTY MAY BE BROUGHT, AT THE ADMINISTRATIVE AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. EACH OF THE UNDERSIGNED AND THE ADMINISTRATIVE AGENT HEREBY EXPRESSLY AND IRREVOCABLY
(A) SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE; (B) CONSENTS TO THE SERVICE OF
PROCESS BY REGISTERED MAIL, POSTAGE PREPAID TO THE ADDRESS SET FORTH BENEATH ITS NAME ON THE SIGNATURE PAGES HERETO (OR SUCH OTHER ADDRESS AS IT SHALL HAVE SPECIFIED IN WRITING TO THE OTHER PARTIES AS ITS ADDRESS FOR NOTICE HEREUNDER) OR BY PERSONAL
SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK; AND (C) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE
AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 
 EACH OF THE UNDERSIGNED, AND (BY ACCEPTING THE
BENEFITS HEREOF) EACH LENDER PARTY, HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS GUARANTY OR ANY OTHER LOAN DOCUMENT AND ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED
OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR ARISING FROM ANY BANKING RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND
NOT BEFORE A JURY. EACH OF THE UNDERSIGNED ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THE FOREGOING WAIVER AND THAT SUCH WAIVER IS A MATERIAL INDUCEMENT FOR THE LENDER PARTIES ENTERING INTO THIS GUARANTY AND
THE OTHER LOAN DOCUMENTS. 
 [Remainder of page intentionally left blank.] 

  
 8 

 IN WITNESS WHEREOF, this Guaranty has been duly executed and delivered as of the day and year
first above written. 
 Notice Address for each Guarantor: 

1811 Aksarben Drive 
 Omaha, NE 68106 

Attention: Michelle Mapes – EVP General Counsel 

                  & Corporate Secretary 

Facsimile: (402) 952-4916 
 Email: michelle.mapes@gpreinc.com 

 

	
	GREEN PLAINS I LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS II LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	FLEISCHMANN’S VINEGAR COMPANY, INC.
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS AGRICULTURAL AND ENERGY FUND LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary

 Signature page to Guaranty 

  

 
			
	 GREEN PLAINS ASSET MANAGEMENT LLC

	
	 By: /s/ Michelle
Mapes                                        
    

	Name:	 	 Michelle Mapes

	Title:	 	 EVP - General Counsel & Corp. Secretary

	  
 GREEN PLAINS COMMODITY MANAGEMENT LLC

	
	 By: /s/ Michelle
Mapes                                        
     

	Name:	 	 Michelle Mapes

	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	 GREEN PLAINS CATTLE COMPANY LLC

	
	 By: /s/ Michelle
Mapes                                        
     

	Name:	 	 Michelle Mapes

	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	 GREEN PLAINS GRAIN COMPANY LLC

	
	 By: /s/ Michelle
Mapes                                        
     

	Name:	 	 Michelle Mapes

	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	 GREEN PLAINS GRAIN COMPANY TN LLC

	
	 By: /s/ Michelle
Mapes                                        
     

	Name:	 	 Michelle Mapes

	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	 GREEN PLAINS INDUSTRIAL CLEANING SERVICES LLC

	
	 By: /s/ Michelle
Mapes                                        
     

	Name:	 	 Michelle Mapes

	Title:	 	 EVP - General Counsel & Corp. Secretary

 Signature page to Guaranty 

  

 
	
	GREEN PLAINS TRADE GROUP LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS TRUCKING LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS HEREFORD LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS HOPEWELL LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS MADISON LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS MOUNT VERNON LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary

 Signature page to Guaranty 

 
	
	
	GREEN PLAINS YORK LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS PROCESSING LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS ATKINSON LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS BLUFFTON LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS CENTRAL CITY LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS COMMODITIES LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary

 Signature page to Guaranty 

 
	
	
	GREEN PLAINS CORN OIL LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS FAIRMONT LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS HOLDINGS II LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS OBION LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS ORD LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS OTTER TAIL LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary

 Signature page to Guaranty 

  

 
	
	GREEN PLAINS SHENANDOAH LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS SUPERIOR LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary
	
	GREEN PLAINS WOOD RIVER LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary

 Signature page to Guaranty 

  

 ACKNOWLEDGED AND AGREED: 

 

	
	BNP PARIBAS,
	as Administrative Agent and as
	Collateral Agent
	
	By: /s/ Andrew
Shapiro                                        
    
	Name: Andrew Shapiro
	Title: Managing Director
	
	By: James
McHale                                        
            
	Name: James McHale
	Title: Managing Director

 Signature page to GuarantyEX-10.1(c)

 Exhibit 10.1(c) 

PLEDGE AGREEMENT 
 THIS
PLEDGE AGREEMENT, dated as of August 29, 2017 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is among Green Plains Inc. (the “Borrower”), each Subsidiary of the
Borrower that from time to time becomes a party hereto (together with the Borrower, individually each a “Pledgor” and collectively the “Pledgors”) and BNP Paribas, as collateral agent (in such capacity, the
“Collateral Agent”). 
 W I T N E S S E T H: 

WHEREAS, the Borrower, the lenders party thereto, the Collateral Agent, and BNP Paribas, as administrative agent (in such capacity, the
“Administrative Agent”) have entered into a Term Loan Agreement, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”); 

WHEREAS, pursuant to a Guaranty, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the
“Guaranty”), each Pledgor (other than the Borrower) has guaranteed the obligations of the Borrower under or in connection with the Loan Agreement; and 

WHEREAS, the obligations of the Borrower under the Loan Documents (as defined in the Loan Agreement), and the obligations of each other
Pledgor under the applicable Guaranty are to be secured pursuant to this Agreement; 
 NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions and
Interpretation. (a) In addition to terms defined in the preamble and recitals above, (i) capitalized terms used but not defined herein have the respective meanings assigned to such terms in the Loan Agreement and (ii) the
following terms have the following meanings: 
 “Collateral” – see Section 2. 

“Certificated Security” shall have the meaning assigned to such term in the UCC. 

“Default” means (a) any Event of Default; and (b) any Unmatured Event of Default under
Section 12.1.7 or 12.1.8 of the Loan Agreement. 
 “Excluded Foreign Subsidiary Voting Equity
Interests” shall mean any voting Equity Interests in excess of 65% of the total outstanding amount of any class of voting Equity Interests of any Foreign Subsidiary described in clauses (a) or (b) of the definition of Foreign
Subsidiary. 
 “Indemnitee” and “Indemnitees” – see Section 8. 

 “Issuer” means the issuer of any of the Equity Interests
representing any of the Collateral. 
 “Lender Party” means the Administrative Agent, the Collateral Agent
and each Lender. 
 “Liabilities” means (a) with respect to the Borrower, (i) all obligations of
the Borrower under or in connection with the Loan Agreement or any other Loan Document (including this Agreement); (b) with respect to any other Pledgor, all obligations of such Pledgor under or in connection with the Guaranty or any other Loan
Document (including this Agreement), in each case howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, due or to become due; and (c) with respect to any Pledgor, and whether or
not constituting obligations under any Loan Document, interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding relating to the Borrower or any other Pledgor, whether
or not a claim for post-filing or post-petition interest is allowed in such proceeding. 
 “Pari Passu Collateral
Agent” see Section 8. 
 “UCC” means the Uniform Commercial Code as in effect from time
to time in the State of New York; provided that, if perfection or the effect of perfection or non-perfection or the priority of the security interest in any Collateral is governed by the Uniform
Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such
perfection, effect of perfection or non-perfection or priority. 
 “Uncertificated Security” shall have the
meaning assigned to such term in the UCC. 
 (b) The rules of interpretation set forth in Section 1.2 of the Loan Agreement shall apply
as if fully set forth herein, mutatis mutandis. 
 2. Pledge. As collateral security for the prompt and complete payment and
performance when due (whether at the stated maturity, by acceleration or otherwise) of the Liabilities, each Pledgor hereby pledges to the Collateral Agent for the benefit of the Lender Parties, and grants to the Collateral Agent for the benefit of
the Lender Parties a continuing security interest in, all of such Pledgor’s right, title, and interest in, to and under the following, in each case, wherever located and whether now existing or hereafter arising or acquired: 

A. All of the Equity Interests described in Schedule I opposite the name of such Pledgor, all certificates and/or
instruments representing such Equity Interests, cash, securities, dividends, rights and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any of such Equity Interests, and
management rights, all voting rights, any interest in any capital account of a member in each limited liability company and partner in each partnership, all rights as and to become a member of each limited liability company and a partner in

  
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each partnership, all rights of the Pledgor under any shareholder or voting trust agreement or similar agreement in respect of each limited liability company and partnership, all of the
Pledgor’s right, title and interest as a member and partner to any and all assets or properties of each limited liability company and partnership, and all other rights, powers, privileges, interests, claims and other property in any manner
arising out of or relating to any of the foregoing; 
 B. All additional Equity Interests of any Issuer from time to time
acquired by such Pledgor in any manner, all certificates representing such additional Equity Interests, cash, securities, dividends, rights and other property at any time and from time to time received, receivable or otherwise distributed in respect
of or in exchange for any of such Equity Interests, and management rights, all voting rights, any interest in any capital account of a member in each limited liability company and partner in each partnership, all rights as and to become a member of
each limited liability company and a partner in each partnership, all rights of the Pledgor under any shareholder or voting trust agreement or similar agreement in respect of each limited liability company and partnership, all of the Pledgor’s
right, title and interest as a member and partner to any and all assets or properties of each limited liability company and partnership, and all other rights, powers, privileges, interests, claims and other property in any manner arising out of or
relating to any of the foregoing;; 
 C. All other property delivered to the Collateral Agent by such Pledgor in substitution
for or in addition to any of the foregoing, all certificates and instruments representing or evidencing such property, all cash, securities, interest, dividends, rights and other property from time to time received, receivable or otherwise
distributed in respect of or in exchange for any such property; 
 D. All books, records, ledger cards, files,
correspondence, customer lists, blueprints, technical specifications, manuals, computer software, computer printouts, tapes, disks and other electronic storage media and related data processing software and similar items that at any time evidence or
contain information relating to any of the Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon; and 

E. All products, proceeds, accessions, rents and profits of, to or from all of the foregoing. 

All of the foregoing are herein collectively called the “Collateral”; provided, that, notwithstanding anything to the
contrary in this Agreement, none of the Excluded Foreign Subsidiary Voting Equity Interests shall constitute Collateral. 
 Each Pledgor
represents as of the date hereof to the Collateral Agent and the other Lender Parties that Schedule I contains an accurate and complete listing of all Equity Interests owned by such Pledgor. Each Pledgor agrees to deliver to the Collateral
Agent, promptly upon receipt and in due form for transfer (i.e., endorsed in blank or accompanied by stock or bond powers executed in blank), any certificates evidencing the Collateral and all other Collateral (other than dividends that such Pledgor
is entitled to receive and retain pursuant to Section 6) that may at any time or from time to time be in or come into the possession or control of such Pledgor. 

  
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 Notwithstanding anything herein to the contrary, (i) each Pledgor shall remain liable for
all obligations under the Collateral and nothing contained herein is intended or shall be a delegation of duties to the Collateral Agent or any Lender Party, and (ii) each Pledgor shall remain liable under each of the agreements included in the
Collateral, including, without limitation, any agreements relating to Equity Interests in any partnership or limited liability company, to perform all of the obligations undertaken by it thereunder all in accordance with and pursuant to the terms
and provisions thereof and neither the Collateral Agent nor any Lender Party shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other document related thereto nor shall the
Collateral Agent or any Lender Party have any obligation to make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included in the
Collateral, including, without limitation, any agreements relating to any Equity Interests in any partnership or limited liability company. 

3. Warranties; Further Assurances. Each Pledgor warrants to the Collateral Agent and the other Lender Parties that: (a) such
Pledgor is (or at the time of any future delivery, pledge, assignment or transfer thereof will be) the legal and beneficial owner of such Pledgor’s Collateral free and clear of all Liens other than the security interest created hereunder and
under the other Loan Documents and Permitted Liens; (b) to the extent such Pledgor’s Collateral is represented by certificated securities, the pledge and delivery of such Pledgor’s Collateral pursuant to this Agreement will create a
valid perfected security interest in such Collateral in favor of the Collateral Agent; (c) to the extent such Pledgor’s Collateral is represented by uncertificated securities, such Pledgor has caused the issuer thereof either to
(i) register the Collateral Agent as the registered owner of such security or (ii) agree in an authenticated record with such Pledgor and the Collateral Agent that such issuer will comply with instructions with respect to such security
originated by the Collateral Agent without further consent of such Pledgor, (d) all Equity Interests pledged by such Pledgor referred to on Schedule I opposite the name of such Pledgor are duly authorized, validly issued, fully paid and
non-assessable; (e) all Collateral is either presently uncertificated or represented by certificates as listed on Schedule I hereto, and the pledge granted hereunder extends to all rights with respect thereto, including membership rights
and partnership rights, economic rights, voting rights, control rights and the right to become a member and partner, as applicable, (f) as of the date hereof, there are no existing options, warrants, calls or commitments of any character
whatsoever relating to the Collateral, (g) as to each Issuer whose name appears in Schedule I opposite the name of such Pledgor, such Pledgor’s Collateral represents on the date hereof not less than the applicable percentage (as
shown in Schedule I) of the total shares of capital stock or other Equity Interests issued and outstanding of such Issuer; and (h) the information set forth on Schedule I opposite the name of such Pledgor is true and accurate
in all respects. 
 Until all Liabilities (other than contingent indemnification obligations that are not yet due and payable) have been
indefeasibly paid in full in cash, each Pledgor shall (i) not, except as permitted by the Loan Agreement, sell, assign, exchange, pledge or otherwise transfer, encumber, or grant any option, warrant or other right to purchase the stock of any
Issuer that is 

  
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pledged hereunder; (ii) deliver such UCC financing statements and other documents (and pay the costs of filing and recording the same in all public offices deemed necessary or appropriate by
the Collateral Agent) and do such other acts and things as are necessary or as the Collateral Agent may from time to time reasonably request, to establish and maintain a valid, perfected security interest in such Pledgor’s Collateral (free of
all other Liens, claims and rights of third parties whatsoever, other than Permitted Liens) to secure the performance and payment of the Liabilities (and by its signature hereto, such Pledgor authorizes the Collateral Agent to file any financing
statements without the signature of such Pledgor, which financing statements may contain an indication or description of collateral that describes such property in any manner as the Collateral Agent may determine, in its sole discretion, is
necessary, advisable or prudent to ensure the perfection of the security interest in the Collateral); (iii) promptly execute and deliver to the Collateral Agent such stock powers, issuer acknowledgments and similar documents relating to such
Pledgor’s Collateral, satisfactory in form and substance to the Collateral Agent, as the Collateral Agent may reasonably request; and (iv) promptly furnish the Collateral Agent or any other Lender Party such information concerning such
Pledgor’s Collateral as the Collateral Agent or such Lender Party may from time to time reasonably request, and permit the Collateral Agent or any Lender Party or any designee of the Collateral Agent or such Lender Party, from time to time at
reasonable times and on reasonable notice (or at any time without notice during the existence of a Default), to inspect, audit and make copies of and extracts from all records and all other papers in the possession of such Pledgor which pertain to
such Pledgor’s Collateral, and will, upon request of the Collateral Agent, deliver to the Collateral Agent copies of such records and papers. 

No Pledgor will allow any of its Subsidiaries: 

(a) that is a corporation, business trust, joint stock company or similar Person, to issue uncertificated securities; 

(b) that is a partnership or limited liability company, to (i) issue Equity Interests that are to be dealt in or traded on securities
exchanges or in securities markets, (ii) expressly provide in its Organizational Documents that its Equity Interests are securities governed by Article 8 of the UCC, or (iii) place such Subsidiary’s Equity Interests in a Securities
Account (as defined in the UCC); and 
 (c) to issue Equity Interests in addition to or in substitution for the Equity Interests pledged
hereunder, except to such Pledgor (and such Equity Interests are immediately pledged and delivered to the Collateral Agent pursuant to the terms of this Agreement). 

4. Delivery and Control of Pledged Equity Interests. 

(a) If any of the Collateral is or shall become evidenced or represented by any Certificated Security, such Certificated Security shall be
promptly delivered to the Collateral Agent, duly endorsed in a manner satisfactory to the Collateral Agent, to be held as Collateral pursuant to this Agreement. 

  
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 (b) If any of the Collateral is or shall become evidenced or represented by an Uncertificated
Security, such Pledgor shall cause the Issuer thereof either (i) to promptly register the Collateral Agent as the registered owner of such Uncertificated Security, upon original issue or registration of transfer or (ii) to promptly agree
in writing with such Pledgor and the Collateral Agent that such Issuer will comply with instructions with respect to such Uncertificated Security originated by the Collateral Agent without further consent of such Pledgor, such agreement to be in
substantially in form and substance reasonably satisfactory to the Collateral Agent. 
 (c) In addition to and not in lieu of the foregoing,
if any Issuer of any pledged Equity Interests is organized under the law of, or has its chief executive office in, a jurisdiction outside of the United States, each Pledgor shall promptly take such additional actions, including, without limitation,
causing the issuer to register the pledge on its books and records, as may be necessary or advisable or as may be reasonably requested by the Collateral Agent, under the laws of such jurisdiction to insure the validity, perfection and priority of
the security interest of the Collateral Agent. 
 5. Holding in Name of Collateral Agent, etc. The Collateral Agent may from time to
time during the existence of a Default, without notice to the Pledgors, take any of the following actions: (a) transfer any Collateral into the name of the Collateral Agent or any nominee or sub-agent for the Collateral Agent, with or without
disclosing that such Collateral is subject to the Lien and security interest hereunder, (b) appoint one or more sub-agents or nominees for the purpose of retaining physical possession of the Collateral, (c) notify the parties obligated on
any of the Collateral to make payment to the Collateral Agent of any amounts due or to become due thereunder, (d) endorse any checks, drafts or other writings in the name of any Pledgor to allow collection of the Collateral, (e) enforce
collection of any of the Collateral by suit or otherwise, and surrender, release or exchange all or any part thereof, or compromise or renew for any period (whether or not longer than the original period) any obligation of any nature of any party
with respect thereto and (f) take control of any proceeds of the Collateral. 
 6. Voting Rights, Dividends, etc. (a) So
long as the Collateral Agent has not given the notice referred to in Section 6(b) below: 
 (i) The Pledgors
shall be entitled to exercise any and all voting or consensual rights and powers and stock purchase or subscription rights (but any such exercise by the Pledgors of stock purchase or subscription rights may be made only from funds of the Pledgors
not comprising part of the Collateral required to be delivered to the Collateral Agent hereunder) relating or pertaining to the Collateral or any part thereof for any purpose; provided that each Pledgor agrees that it will not exercise any
such right or power in any manner which would violate this Agreement or any other Loan Document. 
 (ii) The Pledgors shall
be entitled to receive and retain any and all lawful dividends payable in respect of the Collateral that are paid in cash by any Issuer if such dividends are not prohibited by the Loan Agreement, but all dividends and distributions in respect of the
Collateral or any part thereof made in Equity Interests or other property or representing any return of capital, whether resulting from a subdivision, combination or reclassification of Collateral or any part thereof or received in exchange

  
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for Collateral or any part thereof or as a result of any merger, consolidation, acquisition or other exchange of assets to which any Issuer may be a party or otherwise or as a result of any
exercise of any stock purchase or subscription right, shall be part of the Collateral hereunder and, if received by any Pledgor, shall be forthwith delivered to the Collateral Agent in due form for transfer (i.e., endorsed in blank or accompanied by
stock or bond powers executed in blank) to be held for the purposes of this Agreement. 
 (iii) The Collateral Agent shall
execute and deliver, or cause to be executed and delivered, to the applicable Pledgor, all proxies, powers of attorney, dividend orders and other instruments as such Pledgor may request for the purpose of enabling such Pledgor to exercise the rights
and powers that it is entitled to exercise pursuant to Section 6(a)(i) above and to receive the dividends that it is authorized to retain pursuant to Section 6(a)(ii) above. 

(b) Upon notice from the Collateral Agent during the existence of a Default, and so long as the same shall be continuing, all rights and powers
that the Pledgors are entitled to exercise pursuant to Section 6(a)(i) hereof, and all rights of the Pledgors to receive and retain dividends pursuant to Section 6(a)(ii) hereof, shall forthwith cease, and all such rights and
powers shall thereupon become vested in the Collateral Agent which shall have, during the existence of such Default, the sole and exclusive authority to exercise such rights and powers and to receive such dividends. Any and all money and other
property paid over to or received by the Collateral Agent pursuant to this Section 6(b) shall be retained by the Collateral Agent as additional Collateral hereunder and applied in accordance with the provisions hereof. 

7. Remedies. During the existence of a Default, the Collateral Agent may, and at the direction of the Required Lenders shall, exercise
from time to time any rights and remedies available to it under the UCC or otherwise available to it. Without limiting the foregoing, during the existence of a Default, the Collateral Agent (a) may, to the fullest extent permitted by applicable
law, without notice, advertisement, hearing or process of law of any kind (except as set forth in the following sentence), (i) sell any Collateral, free of all rights and claims of any Pledgor therein, at any public or private sale or
brokers’ board and (ii) bid for and purchase any Collateral at any such public sale and (b) shall have the right, for and in the name, place and stead of the applicable Pledgor, to execute endorsements, assignments, stock powers and
other instruments of conveyance or transfer with respect to any Collateral. Each Pledgor hereby expressly waives, to the fullest extent permitted by applicable law, any and all notices, advertisements, hearings or processes of law in connection with
the exercise by the Collateral Agent of any of its rights and remedies during the existence of a Default; provided that, unless the Collateral Agent determines that the applicable Collateral is declining speedily in value or is of a type that
is customarily sold on a recognized market, the Collateral Agent shall give the applicable Pledgor at least ten days’ prior written notice of either the time and place of any public sale of any Collateral or of the time after which any private
sale or other intended disposition of any Collateral is to be made (and each Pledgor agrees that notice so given shall be deemed to be reasonable and proper for all purposes). Any cash proceeds of any disposition by the Collateral Agent of any
Collateral shall be applied by the Collateral Agent, pursuant to the terms of the Loan Agreement, to the payment of the Liabilities until paid in full, and any surplus will be paid to the applicable Pledgor or as a court of competent jurisdiction
shall direct. 

  
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 Each Pledgor authorizes the Collateral Agent to comply with any limitation or restriction in
connection with any sale of Collateral as it may be advised by counsel is necessary in order to (A) avoid any violation of applicable law (including compliance with such procedures as may restrict the number of prospective bidders and
purchasers and/or further restrict such prospective bidders or purchasers to Persons that will represent and agree that they are purchasing for their own account for investment and not with a view to the distribution or resale of such Collateral) or
(B) obtain any required approval of the sale or of the purchase by any governmental regulatory authority or official, and each Pledgor agrees that such compliance shall not result in such sale being considered or deemed not to have been made in
a commercially reasonable manner and that the Collateral Agent shall not be liable or accountable to any Pledgor for any discount allowed by reason of the fact that such Collateral is sold in compliance with any such limitation or restriction. 

Each Pledgor hereby appoints the Collateral Agent as the attorney-in-fact for such Pledgor for the purpose of carrying out the provisions of
this Agreement and taking any action and executing or completing any instruments which the Collateral Agent may reasonably deem necessary or advisable to accomplish the purposes hereof, which appointment as attorney-in-fact is irrevocable and
coupled with an interest; provided that the Collateral Agent shall not exercise its rights as such attorney-in-fact unless a Default exists. 

8. General. The Collateral Agent shall exercise reasonable care in the custody and preservation of any Collateral in its possession
(and the Collateral Agent shall be deemed to have exercised such reasonable care if it takes any action that the applicable Pledgor requests in writing for such purpose, but failure of the Collateral Agent to comply with any such request shall not
of itself be deemed a failure to exercise reasonable care, and no failure of the Collateral Agent to preserve or protect any right with respect to any Collateral against prior parties in interest or other rights pertaining to the Collateral, shall
be deemed a failure to exercise reasonable care in the custody or preservation of such Collateral). 
 All notices and requests hereunder
shall be given in accordance with Section 14.3 of the Loan Agreement and sent to the applicable party at its address described therein, at the address shown for such party on Schedule II or at such other address as such party may, by
written notice to the other parties, have designated as its address for such purpose. 
 No delay on the part of the Collateral Agent in the
exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by the Collateral Agent of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy. The
rights and remedies hereunder provided are cumulative and may be exercised singly or concurrently, and are not exclusive of any rights and remedies provided by law. 

This Agreement shall remain in full force and effect until all Liabilities (other than contingent indemnification obligations that are not yet
due and payable) have been indefeasibly paid in full in cash. Upon any such termination, the Collateral Agent will, upon 

  
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any Pledgor’s request and at such Pledgor’s sole expense, (a) deliver to such Pledgor, without any representation, warranty or recourse of any kind whatsoever, all of such
Pledgor’s Collateral held by the Collateral Agent hereunder as shall not have been sold or otherwise applied pursuant to the terms hereof and (b) execute and deliver to such Pledgor such documents as such Pledgor shall reasonably request
to evidence such termination and the release of any security interest granted hereby. If at any time all or any part of any payment theretofore applied by the Collateral Agent or any other Lender Party to any of the Liabilities is or must be
rescinded or returned by the Collateral Agent or such Lender Party for any reason whatsoever (including the insolvency, bankruptcy or reorganization of any Pledgor), such Liabilities shall, for the purposes of this Agreement, to the extent that such
payment is or must be rescinded or returned, be deemed to have continued in existence, notwithstanding such application by the Collateral Agent or such other Lender Party, and this Agreement shall continue to be effective or be reinstated, as the
case may be, as to such Liabilities, all as though such application by the Collateral Agent or such other Lender Party had not been made. 

If any of the Collateral shall be disposed of by any Pledgor in a transaction permitted by the Loan Agreement, then, the Collateral Agent, at
the request and sole expense of such Pledgor, shall execute and deliver to such Pledgor all releases or other documents reasonably necessary or desirable for the release of the Liens created hereby on such Collateral; provided that the
Pledgor shall have delivered to the Collateral Agent a written request for release identifying the relevant Pledgor and Collateral to be released, together with a certification by the Borrower stating that such transaction is in compliance with the
Loan Agreement and the other Loan Documents and that the proceeds of such disposition will be applied in accordance therewith. At the request and sole expense of the Borrower, a Pledgor shall be released from its obligations hereunder in the event
that all the Equity Interests of such Pledgor shall be disposed of in a transaction permitted by the Loan Agreement; provided that the Borrower shall have delivered to the Collateral Agent a written request for release identifying the
relevant Pledgor, together with a certification by the Borrower stating that such transaction is in compliance with the Loan Agreement and the other Loan Documents and that the proceeds of such disposition will be applied in accordance therewith.

 Notwithstanding anything herein to the contrary, the lien and security interest granted to the pari passu collateral agent under the Term
Loan Intercreditor Agreement (the “Pari Passu Collateral Agent”) pursuant to this Agreement and the exercise of any right or remedy by the Pari Passu Collateral Agent hereunder are subject to the provisions of the Term Loan
Intercreditor Agreement. In the event of any conflict between the terms of the Term Loan Intercreditor Agreement and this Agreement, the terms of the Term Loan Intercreditor Agreement shall govern and control, to the extent provided therein. 

Each Pledgor hereby agrees (i) to indemnify and hold harmless the Collateral Agent and its successors, assigns, employees, agents and
affiliates (individually an “Indemnitee,” and collectively, the “Indemnitees”) from and against any and all claims, demands, losses, judgments and liabilities (including liabilities for penalties) of whatsoever kind
or nature, and (ii) to reimburse each Indemnitee for all reasonable costs and expenses, including reasonable attorneys’ fees, in each case arising out of or resulting from this Agreement or the exercise by any Indemnitee of any right or
remedy granted to it hereunder (but excluding any claims, demands, losses, judgments and liabilities or expenses to the extent incurred by reason of gross 

  
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negligence or willful misconduct of such Indemnitee (as determined by a court of competent jurisdiction in a final and non-appealable decision)). In no event shall the Collateral Agent be liable,
in the absence of gross negligence or willful misconduct on its part, for any matter or thing in connection with this Agreement other than to account for monies actually received by it in accordance with the terms hereof. If and to the extent that
the obligations of any Pledgor under this paragraph are unenforceable for any reason, each Pledgor hereby agrees to make the maximum contribution to the payment and satisfaction of such obligations which is permissible under applicable law. The
indemnity obligations of the Pledgor contained in this paragraph shall continue in full force and effect notwithstanding the indefeasible payment in full in cash of all Liabilities. 

THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS
OF LAW PROVISIONS THEREOF). Whenever possible each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under
applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 

This Agreement shall be binding upon the Pledgors and the Collateral Agent and their respective successors and assigns (provided that no
Pledgor may assign its obligations hereunder without the prior written consent of the Collateral Agent), and shall inure to the benefit of each Pledgor and the Collateral Agent and the successors and assigns of the Collateral Agent. 

This Agreement may be executed in any number of counterparts (including via facsimile or a .pdf or similar file) and by the different parties
hereto on separate counterparts and each such counterpart shall be deemed an original, but all such counterparts shall together constitute but one and the same Agreement. At any time after the date of this Agreement, one or more additional Persons
may become parties hereto by executing and delivering to the Collateral Agent an assumption agreement to this Agreement in the form attached hereto as Exhibit A, together with a supplement to Schedule I hereto setting forth all relevant
information with respect to such party as of the date of delivery, whereupon Schedule I hereto shall be deemed to be amended automatically to incorporate such information. Immediately upon such execution and delivery (and without any further
action), each such additional Person will become a party to, and will be bound by the terms of, this Agreement. 
 Other than automatic
modifications related to the addition of a party hereto as described in the preceding paragraph, no amendment, modification or waiver of, or consent with respect to, any provision of this Agreement shall be effective unless the same shall be in
writing and signed and delivered by the Pledgors and the Collateral Agent, and then such amendment, modification, waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. 

ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, SHALL BE BROUGHT AND
MAINTAINED EXCLUSIVELY IN THE COURTS OF 

  
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THE STATE OF NEW YORK LOCATED IN THE CITY AND COUNTY OF NEW YORK OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK; PROVIDED THAT ANY SUIT SEEKING ENFORCEMENT
AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT THE COLLATERAL AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. EACH PARTY HERETO EXPRESSLY AND IRREVOCABLY (A) SUBMITS TO
THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK LOCATED IN THE CITY AND COUNTY OF NEW YORK AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE;
(B) CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID TO THE ADDRESS OF SUCH PARTY DESCRIBED IN THE LOAN AGREEMENT OR ON SCHEDULE II HERETO (OR SUCH OTHER ADDRESS AS IT SHALL HAVE SPECIFIED IN WRITING TO THE OTHER PARTIES
AS ITS ADDRESS FOR NOTICE HEREUNDER), OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK; AND (C) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH
LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

EACH PLEDGOR, THE COLLATERAL AGENT AND (BY ACCEPTING THE BENEFITS HEREOF) EACH OTHER LENDER PARTY HEREBY WAIVES ANY RIGHT TO A TRIAL BY
JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS AGREEMENT, ANY OTHER LOAN DOCUMENT AND ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH
OR ARISING FROM ANY BANKING RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. EACH PLEDGOR ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED
FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION (AND EACH OTHER PROVISION OF EACH OTHER LOAN DOCUMENT TO WHICH IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE COLLATERAL AGENT, FOR THE BENEFIT OF THE OTHER LENDER
PARTIES, ENTERING INTO THIS AGREEMENT AND EACH SUCH OTHER LOAN DOCUMENT. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 11 

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered as of the date first
above written. 
  

			
	GREEN PLAINS INC.

 
			
	
	By: /s/ Michelle
Mapes                                        
        
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS I LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
        
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS II LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
        
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	FLEISCHMANN’S VINEGAR COMPANY, INC.

 
			
	
	By: /s/ Michelle
Mapes                                        
        
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS AGRICULTURAL AND ENERGY FUND LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
        
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS ASSET MANAGEMENT LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
        
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

 [Signature Page to Pledge Agreement] 

			
	GREEN PLAINS GRAIN COMPANY TN LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS INDUSTRIAL CLEANING SERVICES LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	 GREEN PLAINS TRUCKING
LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS HEREFORD LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS HOPEWELL LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

 [Signature Page to Pledge Agreement] 

 
			
	GREEN PLAINS MADISON LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS MOUNT VERNON LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS YORK LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS PROCESSING LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS ATKINSON LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS BLUFFTON LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

 [Signature Page to Pledge Agreement] 

 
			
	GREEN PLAINS CENTRAL CITY LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS COMMODITIES LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS CORN OIL LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS FAIRMONT LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS HOLDINGS II LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS OBION LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

 [Signature Page to Pledge Agreement] 

 
			
	GREEN PLAINS ORD LLC

 
			
	
	 By: /s/ Michelle
Mapes                                        
    

	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS OTTER TAIL LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS SHENANDOAH LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS SUPERIOR LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS WOOD RIVER LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

 [Signature Page to Pledge Agreement] 

 
			
	 BNP PARIBAS,
 as Collateral
Agent

 
			
	
	By: /s/ Andrew Shapiro 
	 Name:
 Title:
	 	 Andrew Shapiro
 Managing
Director

 
			
	
	By: /s/ James McHale
	 Name:
 Title:
	 	 James McHale
 Managing Director

 [Signature Page to Pledge Agreement]

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