Document:

Exhibit 103

		
			Exhibit 10.3
		

		
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			GUARANTY AGREEMENT
		

		
			THIS GUARANTY AGREEMENT (this “Agreement”) is entered into as of October 8, 2018, by VALERO ENERGY CORPORATION, a Delaware corporation (“Guarantor”), for the benefit of Green Plains Bluffton LLC and Green Plains Holdings II LLC (collectively, “Seller”).  Terms used but not defined herein shall have the meanings assigned to them in the APA (as defined below).
		

		
			RECITALS
		

		
			A.VALERO RENEWABLE FUELS COMPANY, LLC (“Obligor”), has entered into that certain Asset Purchase Agreement dated as of October 8, 2018 with Seller for the sale and purchase of the Purchased Assets comprising the Ethanol Plants (the “APA”).
		

		
			B.Obligor and Seller have entered into or will enter into the Transaction Documents.
		

		
			C.As a condition precedent to Closing under the APA and the execution and delivery of the Transaction Documents, Seller requires the execution of this Agreement.
		

		
			D.Guarantor, directly or indirectly, owns all of the equity interests in Obligor.
		

		
			NOW THEREFORE, as a material inducement to Seller to enter into the APA and the Transaction Documents with Obligor, and in consideration of the foregoing Recitals, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor agrees as follows:
		

		
			ARTICLE I
REPRESENTATIONS AND WARRANTIES OF GUARANTOR
		

		
			Guarantor hereby represents and warrants to Seller as follows:
		

		
			Section 1.1   Organization and Qualification. Guarantor is a Delaware corporation, duly organized, validly existing and in good standing under the laws of Delaware.
		

		
			Section 1.2    Due Authority.  The execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate action and do not violate, breach or contravene Guarantor’s governing documents.  This Agreement has been duly and validly executed and delivered by Guarantor and constitutes a legal, valid and binding obligation of Guarantor enforceable in accordance with its terms, except as enforcement may be limited by (i) applicable bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance and other similar laws affecting enforcement of creditors’ rights generally and (ii) principles of equity affecting the availability of specific performance and other equitable remedies.
		

		
			Section 1.3    Solvency.  There are no bankruptcy, insolvency, reorganization, receivership or similar procedures pending with respect to, being contemplated by or, to the knowledge of 
		

		 

		

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		Guarantor, threatened against Guarantor.  Guarantor is not insolvent and will not be rendered insolvent as a result of execution of this Agreement.  Guarantor has the financial capacity to perform all of its obligations under this Agreement.
		

		
			Section 1.4    Consideration. Guarantor has received adequate consideration for entering into this Agreement, including the execution of the APA and the other Transaction Documents by Seller and Obligor, and the undertaking of the Obligations (as defined below) by Obligor.
		

		
			ARTICLE II
GUARANTY OF OBLIGATIONS
		

		
			Section 2.1    Guaranty.
		

		
			(a)Subject to any rights, setoffs, counterclaims, and any other defenses that the Guarantor expressly reserves to itself under this Agreement, Guarantor hereby unconditionally, absolutely and irrevocably guarantees to Seller the due and punctual payment by Obligor of all amounts payable by Obligor under the APA and the other Transaction Documents (all such obligations, terms and provisions as now or hereafter in existence being collectively called the “Obligations”), whether according to the present terms thereof, or pursuant to any change in the terms, covenants and conditions thereof at any time hereafter made or granted, including pursuant to any amendments, extensions or renewals of the APA, the other Transaction Documents or the Obligations. Guarantor agrees and acknowledges that no amendment, extension or renewal of the APA, the other Transaction Documents or the Obligations will discharge or otherwise affect the liability of Guarantor under this Agreement.  Guarantor shall not be liable hereunder for special, consequential, exemplary, tort or other damages except to the extent the same comprise Obligations.
		

		
			(b)In the event that Obligor shall fail in any manner whatsoever to pay the Obligations, when and as the same shall be required to be paid under the terms of the APA or the other Transaction Documents, Guarantor will itself, in accordance with the terms of the APA or other Transaction Documents, duly and punctually pay such Obligations, or cause the same to be duly and punctually paid as if Guarantor were itself the obligor with respect to such Obligations under the APA or the other Transaction Documents, as applicable. All sums payable to Seller under this Agreement shall be paid within ten (10) Business Days after Seller’s demand for payment is received, in immediately available funds in lawful money of the United States of America.
		

		
			Section 2.2    No Demand or Notice.
		

		
			(a)It shall not be a condition to the guarantees and agreements set forth in Section 2.1 (the “Guaranty”) that Seller shall have first made any request of, or demand upon, or given any notice of the occurrence of a default under the APA or the other Transaction Documents (unless such notice is specifically required under the APA or the other Transaction Documents) or any other notice whatsoever to, Guarantor or Obligor or any other person, or shall have instituted any action or proceeding against Obligor or any other person in respect thereof, or shall have joined Obligor in any such action or proceeding.
		

		

		

		 

		

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		(b)Seller, in asserting the benefit of the Guaranty shall give prompt notice to Guarantor of any failure by Obligor to pay, perform or observe any Obligation; provided, however, that any failure, delay (subject to applicable statutes of limitations) or defect in the giving of such notice shall not alter or affect the Guaranty under this Agreement.
		

		
			Section 2.3    Waiver of Resort to Security. Guarantor further agrees that this Agreement constitutes a continuing guarantee of payment when due and not a guarantee of collection, and Guarantor waives any right to require as a condition to its Guaranty that any resort be had by Seller to any security held for the payment of any Obligation.
		

		
			Section 2.4    No Discharge. The Guaranty is and shall remain absolute and unconditional irrespective of any circumstance that might otherwise constitute a legal or equitable discharge of a surety or guarantor, as the case may be, with respect to its Guaranty.
		

		
			Section 2.5    Waivers by Guarantor.
		

		
			(a)Guarantor hereby waives with respect to its Guaranty but without prejudice to the rights of the parties to the APA or the other Transaction Documents, any notice of acceptance of this Agreement by Seller, grace, presentment, demand, protest, notice of the occurrence of a default under the APA or the other Transaction Documents and any other notices of any kind whatsoever and promptness in making any claim or demand hereunder (subject to applicable statutes of limitations).
		

		
			(b)The Guaranty shall not be affected by (i) any extension or modification of the APA, the other Transaction Documents or any agreement related to the foregoing, (ii) any rescission, waiver, amendment or modification of any of the terms or provisions of the APA, the other Transaction Documents or of any agreement related to the foregoing, including any change in the time, manner or place of payment or performance of any of the obligations under the APA or the other Transaction Documents or (iii) the release of any security held for payment of any Obligations.
		

		
			Section 2.6    No Reduction. The Guaranty shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, except as provided in Section 2.9.
		

		
			Section 2.7   Enforcement. Notwithstanding anything herein to the contrary, Seller may proceed to enforce the Guaranty against Guarantor without first pursuing or exhausting any right or remedy that Seller or any of its successors or assigns may have against Obligor or any other person.
		

		
			Section 2.8    Continued Effectiveness. The Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation of Obligor is rescinded or must otherwise be restored or returned by the person receiving such payment upon the insolvency, bankruptcy or reorganization of Obligor, all as though such payment or part thereof had not been made.
		

		

		

		 

		

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		Section 2.9    Certain Defenses. Nothing herein is intended to deny to Guarantor, and it is expressly agreed that Guarantor shall have and may assert, any and all the defenses, set-offs, counterclaims and other rights (other than those relating to insolvency, bankruptcy or reorganization as described in Section 2.8) with regard to any Obligation that Obligor may possess except as set forth herein or any other defense Obligor may possess relating to lack of validity or enforceability of the APA, the other Transaction Documents or any other agreement or instrument relating to the foregoing as against Obligor arising from (a) the defective incorporation or other defective organization of Obligor, (b) Obligor’s lack of qualification to do business in any applicable jurisdiction or (c) Obligor’s defective corporate or other organizational authority to enter into, deliver or perform the APA or any other Transaction Documents.
		

		
			ARTICLE III
MISCELLANEOUS
		

		
			Section 3.1    Governing Law. THIS AGREEMENT SHALL BE CONSTRUED (BOTH AS TO VALIDITY AND PERFORMANCE), INTERPRETED AND ENFORCED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS RULES AS APPLIED IN NEW YORK.
		

		
			Section 3.2    Jurisdiction; Consent to Service of Process; Waiver. Guarantor and Seller each agrees that it shall bring any action or proceeding in respect of any claim arising out of or related to this Agreement, whether in tort or contract or at law or in equity, exclusively in any Federal or state court in the City of New York, New York and solely in connection with claims arising under such agreement or instrument or the transactions contained in or contemplated by such agreement or instrument, (a) irrevocably submits to the exclusive jurisdiction of such courts, (b) waives any objection to laying venue in any such action or proceeding in such courts, and (c) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it.  Guarantor and Seller each hereby knowingly and intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Agreement and for any counterclaim therein.
		

		
			Section 3.3    Construction. Whenever the context requires, the gender of all words used in this Agreement includes the masculine, feminine and neuter.  Terms defined in the singular have the corresponding meanings in the plural, and vice versa.  All references to Articles and Sections refer to articles and sections of this Agreement.  The word “including” means “including, but not limited to”.  The words “hereof,” “hereby,” “herein,” “hereunder” and similar terms in this Agreement shall refer to this Agreement as a whole and not any particular section or article in which such words appear.  Any reference to a statute, regulation or law shall include any amendment thereof or any successor thereto and any rules and regulations promulgated thereunder, all as in effect as of the date hereof.  Reference to any person includes such person’s successors and assigns.  Whenever this Agreement refers to a number of days, such number shall refer to calendar days unless Business Days are specified.
		

		
			Section 3.4    Amendment. This Agreement may not be amended except by an instrument in writing executed and delivered by Guarantor and Seller.
		

		

		

		 

		

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		Section 3.5    Notices. All notices and other communications that are required to be or may be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if delivered in person or by a recognized international courier service (such as Federal Express or UPS) or mailed by registered or certified mail (postage prepaid, return receipt requested) to the relevant party hereto at the following addresses or sent by facsimile to the following numbers:
		

		
			If to Guarantor, to:
		

		
			Valero Energy Corporation
		

		
			One Valero Way
		

		
			San Antonio, Texas  78249
		

		
			Attention:  Executive Vice President and General Counsel
		

		
			Telephone:  (210) 345-2031
		

		
			Facsimile:  (210) 345-3214
		

		
			If to Seller, to:
		

		
			Green Plains Inc.
		

		
			1811 Aksarben Drive
		

		
			Omaha, NE 68106
		

		
			Attn: General Counsel
		

		
			Telephone: (402) 315-1629
		

		
			Facsimile: (402) 952-4916
		

		
			or to such other address or facsimile number as Guarantor or Seller may, from time to time, designate in a written notice given in accordance with this Section 3.5.  Any such notice or communication shall be effective (a) if delivered in person or by courier, upon actual receipt by the intended recipient, (b) if sent by facsimile transmission, upon actual receipt if received during the recipient’s normal business hours, or at the beginning of the recipient’s next Business Day after receipt if not received during recipient’s normal business hours, or (c) if mailed, upon the earlier of five days after deposit in the mail and the date of delivery as shown by the return receipt therefor.
		

		
			Section 3.6    Public Announcements. Neither Guarantor nor Seller will issue or make any press releases or similar public announcements concerning the Guaranty or this Agreement without the prior written consent of each of the parties hereto, except as may be required by Law.  In the event that it is required by Law to make a disclosure concerning this Agreement such party shall use diligent efforts to first notify the other parties hereto before making such disclosure.
		

		
			Section 3.7    Expenses. Except as otherwise expressly provided herein, all costs and expenses incurred by Guarantor in connection with this Agreement shall be paid by Guarantor, and all costs and expenses incurred by Seller in connection with this Agreement shall be paid by Seller.
		

		
			Section 3.8   Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.
		

		

		

		 

		

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		Section 3.9    Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect, and the invalid, illegal or unenforceable provision shall be reformed to the minimum extent required to render such provision valid, legal and enforceable and in a manner so as to preserve the economic and legal substance of the transactions contemplated hereby to the fullest extent permitted by Law.  Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that the Guaranty contemplated hereby is fulfilled to the extent possible.
		

		
			Section 3.10    Assignment. This Agreement shall not be assigned by Guarantor or Seller (including by operation of law or otherwise), except in connection with an assignment permitted under the APA or the other Transaction Documents.  Any purported assignment of this Agreement in violation of this Section 3.10 shall be null and void.
		

		
			Section 3.11    Parties in Interest. This Agreement shall be binding upon and inure solely to the benefit of Seller and its permitted successors and assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.
		

		
			Section 3.12    Counterparts. This Agreement may be executed in multiple counterparts and by Guarantor and Seller in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.  Signed counterparts of this Agreement delivered via facsimile or emailed as portable document format (PDF) attachments to shall have the same binding effect as originals; provided that each party hereto uses commercially reasonable efforts to deliver to each other party hereto original signatures as soon as possible thereafter.
		

		
			Section 3.13    Entire Agreement. This Agreement, the APA and the other Transaction Documents constitute the entire agreement of Guarantor and Seller with respect to the subject matter hereof, and supersede all prior agreements and undertakings, both written and oral, among Guarantor and Seller with respect to the subject matter hereof.
		

		
			Section 3.14    No Third Party Beneficiary. This Guaranty is given by Guarantor solely for the benefit of Seller and its successors and permitted assigns, and is not to be relied upon by any other person or entity.
		

		
			Section 3.15    Term of Guaranty.This Guaranty Agreement shall continue in effect until all Obligations have been satisfied.
		

		
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		IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of the date first written above by its officers thereunto duly authorized.
		

		
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						GUARANTOR:

				
	
					
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						VALERO ENERGY CORPORATION

				
	
					
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						By:

					
					
						/s/ Donna Titzman

				
	
					
						Name:

					
					
						Donna Titzman

				
	
					
						Title:

					
					
						EVP & Chief Financial Officer

				

		
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			ACCEPTED:
		

		
			GREEN PLAINS INC
		

			
					
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						By:

					
					
						/s/ Todd Becker

				
	
					
						Name:

					
					
						Todd Becker

				
	
					
						Title:

					
					
						President and Chief Executive Officer

				

		
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			7Exhibit 104

		

			 

		

		

			 

		

		

			Exhibit 10.4

		

		
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			SECOND  AMENDMENT TO CREDIT AGREEMENT
		

		
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			THIS SECOND AMENDMENT  TO CREDIT AGREEMENT (this  “Agreement”)  is entered into as of February 16, 2018 among  GREEN PLAINS OPERATING COMPANY LLC, a Delaware limited  liability company (the “Borrower”), the Guarantors party hereto, the Lenders party hereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.   All capitalized terms used herein and not otherwise defined herein shall have  the meanings ascribed  thereto  in the Credit Agreement (as defined below).
		

		
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			RECITALS
		

		
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			WHEREAS, the Borrower, the Guarantors, the Administrative Agent and the Lenders are parties to that certain Credit Agreement, dated as of July 1, 2015 (as amended or modified from time to time, the “Credit Agreement”);
		

		
			 
		

		
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			and
		

		
			WHEREAS, the Borrower has  requested amendments  to  the Credit Agreement as set  forth herein;
		

		
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			WHEREAS, the Required Lenders  are willing to agree  to  such amendments as set  forth herein.
		

		
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			NOW, THEREFORE, in consideration of the agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
		

		
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			AGREEMENT
		

		
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			1.          Amendments  to  Credit Agreement.
		

		
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			(a)        The following definitions are hereby added to Section 1.01 of the Credit Agreement in  the appropriate  alphabetical order  to read as follows:
		

		
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			“Benefit Plan” means any of (a) an “employee benefit plan”  (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Internal Revenue Code or (c) any Person whose assets  include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Internal Revenue Code) the assets of any such  “employee benefit plan” or “plan”.
		

		
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			“Jefferson JV Investment” means a joint venture Investment whereby BlendStar LLC
		

		
			shall acquire  50% of the limited liability company Equity Interests  of JGP  Energy Partners LLC.
		

		
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			“PTE” means a prohibited transaction class exemption issued by the U.S. Department of
		

		
			Labor, as any such exemption may be amended from time  to  time.
		

		
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			“Titan JV Investment” means a joint venture Investment between BlendStar LLC and Delek Logistics Partners, LP whereby BlendStar LLC directly or indirectly acquires 50% of  the limited liability company Equity  Interests of DKGP  Energy Terminals LLC.
		

		
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			(b)        The definition of “Consolidated EBITDA” in Section 1.01 of the Credit Agreement is
		

		
			hereby amended to  read as follows:
		

		

		

		 

		

			 

		

		

			 

		

		

			

		

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		following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated  Interest Charges for such period, (ii) the provision for federal, state, local and foreign income  taxes payable for such period, and (iii) depreciation and amortization expense for such period, (b)  for  the fiscal quarter during which the Titan JV Investment is consummated and for the next  three fiscal quarters thereafter, the amounts set forth on a certificate of a Responsible Officer of the  Borrower (together with supporting calculations) which represent the Borrower’s estimate of  what its share of quarterly cash distributions from the Titan JV Investment would have been (assuming that the Titan JV Investment had been consummated on the first day of such period) for the four fiscal quarters ending on the last day of the fiscal quarter during which the Titan JV Investment is consummated (such certificate, amounts and calculations to be acceptable  to  the  Administrative Agent and the Required Lenders (and shall be deemed acceptable unless the Required Lenders have notified the Administrative Agent and the Borrower  to  the contrary  within  five Business Days after receipt of such certificate)), and (c) for the fiscal quarter during which the Jefferson JV Investment is consummated and for the next three fiscal quarters thereafter, the amounts set forth on a certificate of a Responsible Officer of  the Borrower (together with supporting calculations) which represent  the Borrower’s estimate of what  its share of quarterly cash distributions from the Jefferson JV Investment would have been (assuming that  the Jefferson JV Investment had been consummated on the first day of such period) for the four fiscal quarters ending on the last day of the fiscal quarter during which the Jefferson JV Investment is consummated (such certificate, amounts and calculations to be acceptable to  the Administrative  Agent and the Required Lenders  (and shall be deemed acceptable unless  the Required Lenders have notified the Administrative Agent and the Borrower to the contrary within five Business  Days   after   receipt   of  such   certificate)).    For   purposes   of   clarification,  with  respect   to  the calculation of Consolidated EBITDA for any four fiscal quarter period, amounts added back pursuant  to clauses (b) and (c) above shall only  include the Borrower’s estimate of what its share of quarterly cash distributions would have been for the applicable fiscal quarters ending during such four fiscal quarter period.
		

		
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			(c)        A new clause (d) is hereby added to Section 5.12 of the Credit Agreement  to  read as follows:
		

		
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			(d)        The Borrower represents and warrants  that  it  is not and will not be using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one  or   more   Benefit   Plans  in   connection  with  the  Loans,   the  Letters  of  Credit   or   the  Commitments.
		

		
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			(d)        Section 7.02 of the Credit Agreement  is hereby amended by removing the word “and” at the end of subsection  (h),  replacing the “.” at the end of subsection (i) with  the words “; and” and adding the following subsection (j):
		

		
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			(j)         (i) the Titan JV Investment in an aggregate amount not to exceed $86,000,000 pursuant to this subsection (j) during the term of this   Agreement  and (ii) the Jefferson JV Investment in an aggregate amount not to exceed $50,000,000 pursuant to this subsection (j) during the term of this Agreement, in each case, so long as (A) no Default shall have occurred and be continuing or would  result  from such Investment, (B) the Borrower shall have delivered to  the Administrative Agent a certificate of a Responsible Officer of the Borrower demonstrating that the Loan Parties would be in compliance with the financial covenants set forth in Section
		

		
			7.11 recomputed as of the end of  the period of  the four fiscal quarters most  recently ended for  which the Borrower has delivered financial statements pursuant to Section 6.01(a) or (b) after
		

		
			giving effect any Indebtedness  incurred in connection with such  Investment on a Pro Forma Basis
		

		

		

		 

		

			 

		

		

			 

		

		

			

		

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		(and  the Consolidated Leverage Ratio, as so calculated, shall be at  least 0.25  less than  the  maximum   Consolidated  Leverage   Ratio   then  permitted   under  Section  7.11(b)),   and  (C)     the representations and  warranties made by the Loan Parties  in each Loan Document shall be true and correct in all material respects at and as if made as of the date of such Investment (after giving effect thereto).
		

		
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			(e)        A new Section 9.12 is hereby added to the Credit Agreement  to  read as follows:
		

		
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			9.12      Lender ERISA  Representation.
		

		
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			(a)        Each Lender (x) represents and warrants, as of  the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to  the date such Person ceases being a Lender party hereto, for  the benefit of, the Administrative Agent and the Arranger and their respective Affiliates, and not, for the avoidance of doubt,  to or for  the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true:
		

		
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			(i)         such Lender is not using “plan assets” (within the meaning of 29 CFR §
		

		
			2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments,
		

		
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			(ii)        the transaction exemption set  forth  in  one or more  PTEs, such as PTE 84-
		

		
			14  (a   class  exemption  for   certain   transactions  determined  by  independent   qualified professional   asset   managers),  PTE  95-60  (a   class   exemption  for   certain  transactions
		

		
			involving insurance company general accounts), PTE 90-1 (a class exemption for certain  transactions involving insurance company pooled separate accounts), PTE 91-38 (a class
		

		
			exemption for certain transactions involving bank collective investment funds) or PTE
		

		
			96-23 (a class  exemption for certain transactions determined by in-house asset managers),
		

		
			is applicable with respect to such Lender’s entrance into, participation in, administration
		

		
			of  and  performance  of   the   Loans,   the   Letters   of  Credit,  the   Commitments   and   this
		

		
			Agreement,
		

		
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			(iii)       (A)   such  Lender   is   an   investment  fund  managed  by  a   “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform  the Loans, the Letters of  Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to  the best knowledge of such Lender,  the  requirements of subsection  (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans,  the Letters  of Credit,  the  Commitments  and this Agreement, or
		

		
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			(iv)       such other representation, warranty and covenant as may be agreed in  writing between the Administrative Agent,  in  its  sole  discretion, and such Lender.
		

		
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			(b)        In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with  respect  to a Lender or such Lender has not provided another  representation, warranty and covenant as provided in sub-clause (iv) in  the immediately preceding clause  (a), such Lender further (x)  represents and warrants, as of  the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person 
		

		 

		

			 

		

		

			 

		

		

			

		

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		ceases being a Lender party hereto, for the benefit of, the Administrative Agent and the Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of  the Borrower or any other Loan Party,  that:
		

		
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			(i)         none  of  the   Administrative   Agent  or  the  Arranger  or  any  of  their  respective Affiliates  is a  fiduciary  with  respect to  the assets of such Lender (including in connection with the reservation or exercise of any  rights by the Administrative Agent under  this   Agreement,   any  Loan  Document  or  any  documents   related  to   hereto  or  thereto),
		

		
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			(ii)        the Person making the investment decision on behalf of such Lender with  respect  to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit,  the Commitments  and this Agreement  is  independent (within  the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person  that holds, or has under management or control,  total assets of at least $50 million, in each case as described in 29 CFR § 2510.3-
		

		
			21(c)(1)(i)(A)-(E),
		

		
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			(iii)       the Person making the investment decision on behalf of such Lender with  respect  to the entrance into, participation in, administration of and performance of the Loans,  the  Letters   of   Credit,   the   Commitments   and  this   Agreement  is   capable  of evaluating investment risks independently, both in general and with regard  to particular  transactions and investment strategies (including in  respect of the Obligations),
		

		
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			(iv)       the Person making the investment decision on behalf of such Lender with  respect  to the entrance into, participation in, administration of and performance of the Loans,  the Letters of Credit, the Commitments and  this Agreement  is a fiduciary under ERISA or the Internal Revenue Code, or both, with respect to the Loans,  the Letters of Credit,   the  Commitments   and  this   Agreement  and   is   responsible  for   exercising  independent judgment  in evaluating the transactions hereunder, and
		

		
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			(v)        no fee or other compensation is being paid directly  to  the Administrative  Agent or  the Arranger or any their respective Affiliates for  investment advice (as opposed  to other services) in connection with the Loans, the Letters of Credit, the Commitments or  this Agreement.
		

		
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			(c)        The Administrative Agent and the Arranger hereby  inform  the Lenders that each such Person is not undertaking to provide  impartial investment advice, or  to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and  that such Person has a financial interest  in  the transactions contemplated hereby in  that such Person or an Affiliate  thereof (i) may  receive interest or other payments with  respect to  the Loans, the Letters of Credit,  the Commitments and this  Agreement, (ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments for an amount less than the amount being paid for an  interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other payments  in connection with  the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees,  facility  fees, upfront  fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization  fees, minimum usage fees, letter of credit fees, fronting  fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination  fees or fees similar to the foregoing.
		

		
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			2.          Effectiveness; Conditions Precedent. This Agreement shall be effective upon:
		

		

		

		 

		

			 

		

		

			 

		

		

			

		

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		(a)        receipt by the Administrative Agent of copies of this Agreement duly executed by the Borrower, the Guarantors, the Administrative  Agent and the Required Lenders;
		

		
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			(b)        receipt by the Administrative Agent of any fees and expenses required to be paid  in connection  with  this Agreement; and
		

		
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			(c)        payment by the Borrower of all  reasonable and documented fees, charges and disbursements of counsel to the Administrative Agent in connection with this Agreement (directly  to such counsel if requested by the Administrative Agent).
		

		
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			3.          Authority/Enforceability.  Each Loan Party represents and warrants as follows:
		

		
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			(a)         It   has  taken  all   necessary  action  to   authorize   the  execution,  delivery  and performance of  this Agreement.
		

		
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			(b)        This Agreement has been duly executed and delivered by such Loan Party and constitutes its legal, valid and binding obligations, enforceable in accordance with its terms, subject to  applicable Debtor Relief Laws  and to  general principles of equity.
		

		
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			(c)        No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by such Loan Party of  this  Agreement.
		

		
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			(d)        The execution and delivery of this Agreement does not (i) contravene the terms of its Organization Documents  or (ii) violate any Law.
		

		
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			4.          Representations and Warranties of the Loan Parties.   Each Loan Party represents and warrants to the Lenders that after giving effect to this Agreement (a) the representations and warranties set forth in Article V of the Credit Agreement or in any other Loan Document or which are contained in any document furnished at any time under or in connection therewith are true and correct on and as of the date hereof, except to  the extent that such  representations and warranties specifically  refer  to an earlier date, in which case  they are true and correct as of such earlier date and (b) no event has occurred and is continuing which constitutes a Default.
		

		
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			5.          Counterparts.   This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.   Delivery of executed counterparts of this Agreement by facsimile or other secure electronic  format  (.pdf) shall be effective as an original.
		

		
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			6.          GOVERNING LAW.   THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY,  DISPUTE  OR CAUSE  OF  ACTION    (WHETHER IN   CONTRACT   OR TORT   OR OTHERWISE)  BASED  UPON, ARISING  OUT OF  OR RELATING  TO  THIS  AGREEMENT AND  THE  TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE  WITH,  THE  LAW OF THE  STATE  OF  NEW YORK.
		

		
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			7.          Successors and Assigns.   This Agreement shall be binding upon and inure to the benefit of  the parties hereto and their respective  successors  and assigns.
		

		
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			8.          Headings.   The headings of the sections hereof are provided for convenience only and shall not in any way affect  the meaning or construction of any provision of this  Agreement.
		

		

		

		 

		

			 

		

		

			 

		

		

			

		

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		9.        Severability.   If any provision of this Agreement is held  to be illegal,  invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or  impaired  thereby and  (b)  the parties shall endeavor  in  good faith negotiations  to  replace the illegal, invalid or unenforceable provisions with  valid provisions the economic effect of which comes as close as possible  to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular  jurisdiction shall not invalidate or  render unenforceable such provision in any other jurisdiction.
		

		
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			[signature pages follow]
		

		

		

		 

		

			 

		

		

			 

		

		

			

		

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		Each of the parties hereto has caused a counterpart of this Agreement to be duly executed and delivered as of the date first above written.
		

		
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						BORROWER:

				
	
					
						﻿

				
	
					
						GREEN PLAINS OPERATING COMPANY LLC,

				
	
					
						a Delaware limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

					
					
						 

				
	
					
						GUARANTORS:

				
	
					
						﻿

					
					
						 

				
	
					
						GREEN PLAINS PARTNERS LP,

				
	
					
						a Delaware limited partnership

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

				
	
					
						BBTL, LLC

				
	
					
						a Delaware limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

					
					
						 

				
	
					
						BIRMINGHAM BIOENERGY PARTNER, LLC,

				
	
					
						a Texas limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
						SECOND AMENDMENT TO CREDIT AGREEMENT

				
	
					
						GREEN PLAINS OPERATING COMPANY LLC

				
	
					
						﻿

					
					
						 

				

		
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						﻿

					
					
						 

				
	
					
						BLENDSTAR LLC,

				
	
					
						a Texas limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

					
					
						 

				
	
					
						BOSSIER CITY BIOENERGY PARTNERS, LLC,

				
	
					
						a Texas limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

				
	
					
						COLLINS BIOENERGY PARTNERS, LLC,

				
	
					
						a Texas limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

				
	
					
						GREEN PLAINS CAPITAL COMPANY LLC,

				
	
					
						a Delaware limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

				
	
					
						GREEN PLAINS ETHANOL STORAGE LLC,

				
	
					
						a Delaware limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

				
	
					
						﻿

				
	
					
						SECOND AMENDMENT TO CREDIT AGREEMENT

				
	
					
						GREEN PLAINS OPERATING COMPANY LLC

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				

		
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						﻿

					
					
						 

				
	
					
						GREEN PLAINS LOGISTICS LLC,

				
	
					
						a Delaware limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

					
					
						 

				
	
					
						GREEN PLAINS TRUCKING II LLC,

				
	
					
						a Delaware limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

				
	
					
						LITTLE ROCK BIOENERGY PARTNERS, LLC

				
	
					
						a Texas limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

					
					
						 

				
	
					
						LOUISVILLE BIOENERGY PARTNERS, LLC,

				
	
					
						a Texas limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
						SECOND AMENDMENT TO CREDIT AGREEMENT

				
	
					
						GREEN PLAINS OPERATING COMPANY LLC

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
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		﻿
		

			
					
						﻿

					
					
						 

				
	
					
						NASHVILLE BIOENERGY PARTNERS, LLC,

				
	
					
						a Texas limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

					
					
						 

				
	
					
						OKLAHOMA CITY BIOENERGY PARTNERS, LLC,

				
	
					
						a Texas limited liability company

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						Name:

					
					
						Phil Boggs

				
	
					
						Title:

					
					
						Vice President, Finance and Treasurer

				
	
					
						﻿

				
	
					
						﻿

				
	
					
						SECOND AMENDMENT TO CREDIT AGREEMENT

				
	
					
						GREEN PLAINS OPERATING COMPANY LLC

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
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						﻿

					
					
						 

				
	
					
						ADMINISTRATIVE

				
	
					
						AGENT

				
	
					
						﻿

				
	
					
						BANK OF AMERICA, N.A.

				
	
					
						as Administrative Agent

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Linda Lov

				
	
					
						Name:

					
					
						Linda Lov

				
	
					
						Title:

					
					
						Assistant Vice President

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
						SECOND AMENDMENT TO CREDIT AGREEMENT

				
	
					
						GREEN PLAINS OPERATING COMPANY LLC

				

		
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						LENDERS:

				
	
					
						﻿

				
	
					
						BANK OF AMERICA, N.A.,

				
	
					
						as a Lender, L/C Issuer and Swing Line Lender

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Martha Carpenter Smith

				
	
					
						Name:

					
					
						Martha Carpenter Smith

				
	
					
						Title:

					
					
						SVP

				
	
					
						﻿

					
					
						 

				
	
					
						BARCLAYS BANK PLC,

				
	
					
						as a Lender

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Vanessa A. Kurbatskiy

				
	
					
						Name:

					
					
						Vanessa A. Kurbatskiy

				
	
					
						Title:

					
					
						Vice President

				
	
					
						﻿

					
					
						 

				
	
					
						CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

				
	
					
						as a Lender

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						 

				
	
					
						Name:

					
					
						 

				
	
					
						Title:

					
					
						 

				
	
					
						﻿

				
	
					
						ROYAL BANK OF CANADA,

				
	
					
						as a Lender

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Kristan Spivey

				
	
					
						Name:

					
					
						Kristan Spivey

				
	
					
						Title:

					
					
						Authorized Signatory

				
	
					
						﻿

				
	
					
						BANKERS TRUST COMPANY,

				
	
					
						as a Lender

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Michael V. Hinrichs

				
	
					
						Name:

					
					
						Michael V. Hinrichs

				
	
					
						Title:

					
					
						Vice President

				
	
					
						﻿

				
	
					
						﻿

				
	
					
						SECOND AMENDMENT TO CREDIT AGREEMENT

				
	
					
						GREEN PLAINS OPERATING COMPANY LLC

				
	
					
						﻿

					
					
						 

				
	
					
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						FARM CREDIT SERVICES OF AMERICA, PCA,

				
	
					
						as a Lender

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Curt A. Brown

				
	
					
						Name:

					
					
						Curt A. Brown

				
	
					
						Title:

					
					
						Vice President

				
	
					
						﻿

					
					
						 

				
	
					
						DEUTSCHE BANK AG NEW YORK BRANCH,

				
	
					
						as a Lender

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Shai Bandner

				
	
					
						Name:

					
					
						Shai Bandner

				
	
					
						Title:

					
					
						Director

				
	
					
						﻿

				
	
					
						DEUTSCHE BANK AG NEW YORK BRANCH,

				
	
					
						as a Lender

				
	
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Chris Chapman

				
	
					
						Name:

					
					
						Chris Chapman

				
	
					
						Title:

					
					
						Director

				
	
					
						﻿

					
					
						 

				
	
					
						﻿

					
					
						 

				
	
					
						SECOND AMENDMENT TO CREDIT AGREEMENT

				
	
					
						GREEN PLAINS OPERATING COMPANY LLC

				
	
					
						﻿

					
					
						 

				
	
					
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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00289-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00289-of-00352.parquet"}]]