Document:

EX-4.4

 Exhibit 4.4 

THE BLACKSTONE GROUP INC. 

AMENDED AND RESTATED 2007 EQUITY INCENTIVE PLAN 
  

	1.	 Purpose of the Plan 

The Blackstone Group Inc. Amended and Restated 2007 Equity Incentive Plan (as amended through July 1, 2019) (the “Plan”)
is designed to promote the long term financial interests and growth of The Blackstone Group Inc., a Delaware corporation (the “Company”), and its Affiliates by (i) attracting and retaining senior managing directors, employees, non-employee directors, consultants and other service providers of the Company or any of its Affiliates and (ii) aligning the interests of such individuals with those of the Company and its Affiliates by
providing them with equity-based awards based on the shares of Common Stock (as defined below) of the Company or the partnership units (the “Blackstone Holdings Partnership Units”) of Blackstone Holdings (as defined below). 

 

	2.	 Definitions 

The following capitalized terms used in the Plan have the respective meanings set forth in this Section: 

(a) Act: The Securities Exchange Act of 1934, as amended, or any successor thereto. 

(b) Administrator: The Compensation Committee of the Board, or such subcommittee thereof or, if the Compensation Committee shall so
determine, the Board or such other committee thereof, to whom authority to administer the Plan has been delegated pursuant to Section 4 hereof. 

(c) Affiliate: With respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is
controlled by or is under common control with the Person in question. As used herein, the term “Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a
Person, whether through ownership of voting securities, by contract or otherwise. 
 (d) Award: Individually or collectively, any
Option, Share Appreciation Right, or Other Share-Based Awards based on or relating to the shares of Common Stock or Blackstone Holdings Partnership Units issuable under the Plan. 

(e) Beneficial Owner: A “beneficial owner”, as such term is defined in Rule 13d-3
under the Act (or any successor rule thereto). 
 (f) Blackstone Holdings: The collective reference to all of the Blackstone Holdings
Partnerships. 
 (g) Blackstone Holdings Partnerships: Each of Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone
Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. 

 (h) Blackstone Holdings Partnership Units: Each “Blackstone Holdings Partnership
Unit” shall consist of one partnership unit in each of the four Blackstone Holdings Partnerships. 
 (i) Board: The board of
directors of the Company. 
 (j) Change in Control: The occurrence of any Person, other than a Person approved by Blackstone Group
Management L.L.C., becoming the holder of the outstanding Class C common stock of the Company. 
 (k) Code: The Internal Revenue
Code of 1986, as amended, or any successor thereto. 
 (l) Common Stock: The Class A common stock, par value $0.00001 per share,
of the Company. 
 (m) Company: The Blackstone Group Inc., a Delaware corporation. 

(n) Disability: The term “Disability” shall have the meaning as provided under Section 409A(a)(2)(C)(i) of the Code.
Notwithstanding the foregoing or any other provision of this Plan, the definition of Disability (or any analogous term) in an Award agreement shall supersede the foregoing definition; provided, however, that if no definition of Disability or any
analogous term is set forth in such agreement, the foregoing definition shall apply. 
 (o) Effective Date: August 10, 2014. 

(p) Employment: The term “Employment” as used herein shall be deemed to refer to (i) a Participant’s employment if
the Participant is an employee of the Company or any of its Affiliates, (ii) a Participant’s services as a consultant or partner, if the Participant is consultant to, partner of, or other service provider for the Company or of any of its
Affiliates, and (iii) a Participant’s services as an non-employee director, if the Participant is a non-employee member of the Board. 

(q) Fair Market Value: Of a Share on any given date means (i) the closing sale price per Share on the New York Stock Exchange on
that date (or, if no closing sale price is reported, the last reported sale price), (ii) if Shares are not listed for trading on the New York Stock Exchange, the closing sale price (or, if no closing sale price is reported, the last reported sale
price) as reported on that date in composite transactions for the principal national securities exchange registered pursuant to Section 6(g) of the Act on which the Shares are listed, (iii) if the Shares are not so listed on a national
securities exchange, the last quoted bid price for Shares on that date in the over-the-counter market as reported by OTC Markets Group Inc. or a similar organization, or
(iv) if Shares are not so quoted by OTC Markets Group Inc. or a similar organization, the average of the mid-point of the last bid and ask prices for Shares on that date from a nationally recognized
independent investment banking firm selected by the Administrator for this purpose. 
 (r) Option: An option to purchase Shares
granted pursuant to Section 6 of the Plan. 
 (s) Option Price: The purchase price per Share of an Option, as determined pursuant
to Section 6(a) of the Plan. 

  
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 (t) Other Share-Based Awards: Awards granted pursuant to Section 8 of the Plan.

 (u) Participant: A senior managing director, other employee, consultant, partner, director or other service provider of the Company
or of any of its Affiliates who is selected by the Administrator to participate in the Plan. 
 (v) Performance-Based Awards: Certain
Other Share-Based Awards granted pursuant to Section 8(b) of the Plan. 
 (w) Person: A “person”, as such term is used
for purposes of Section 13(d) or 14(d) of the Act (or any successor section thereto). 
 (x) Share Appreciation Right: A share
appreciation right granted pursuant to Section 7 of the Plan. 
 (y) Shares: Common Stock or Blackstone Holdings Partnership
Units which are issued or may be issued under the Plan. 
  

	3.	 Shares Subject to the Plan 

Subject to Section 9 hereof, the total number of Shares which may be issued under the Plan shall be 163,000,000, of which all or any
portion may be issued as shares of Common Stock or Blackstone Holdings Partnership Units. Notwithstanding the foregoing, the total number of Shares subject to the Plan shall be increased on the first day of each fiscal year beginning in calendar
year 2008 by a number of Shares equal to the positive difference, if any, of (x) 15% of the aggregate number of shares of Common Stock and Blackstone Holdings Partnership Units outstanding on the last day of the immediately preceding fiscal year
(excluding Blackstone Holdings Partnership Units held by the Company or its wholly-owned subsidiaries) minus (y) the aggregate number of shares of Common Stock and Blackstone Holdings Partnership Units covered by the Plan, unless the
Administrator should decide to increase the number of shares of Common Stock and Blackstone Holdings Partnership Units covered by the Plan by a lesser amount on any such date. The issuance of Shares or the payment of cash upon the exercise of an
Award or in consideration of the cancellation or termination of an Award shall reduce the total number of Shares available under the Plan, as applicable. Shares which are subject to Awards which terminate or lapse without the payment of
consideration may be granted again under the Plan. Unless the Administrator shall otherwise determine, shares of Common Stock delivered by the Company or its Affiliates upon exchange of Blackstone Holdings Partnership Units that have been issued
under the Plan shall be issued under the Plan. 
  

	4.	 Administration 

The Plan shall be administered by the Administrator. Additionally, the Administrator may delegate the authority to grant Awards under the Plan
to any employee or group of employees of the Company or of any Affiliate of the Company; provided that such delegation and grants are consistent with applicable law and guidelines established by the Board from time to time. Awards may,
in the discretion of the Administrator, be made under the Plan in assumption of, or in substitution for, outstanding awards previously granted by the Company, any Affiliate of the Company or any entity acquired by the Company or with which the

  
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Company combines. The number of Shares underlying such substitute awards shall be counted against the aggregate number of Shares available for Awards under the Plan. The Administrator is
authorized to interpret the Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to make any other determinations that it deems necessary or desirable for the administration of the Plan. The Administrator may
correct any defect or supply any omission or reconcile any inconsistency in the Plan in the manner and to the extent the Administrator deems necessary or desirable. Any decision of the Administrator in the interpretation and administration of the
Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned (including, but not limited to, Participants and their beneficiaries or successors). The Administrator
shall have the full power and authority to establish the terms and conditions of any Award consistent with the provisions of the Plan and to waive any such terms and conditions at any time (including, without limitation, accelerating or waiving any
vesting conditions). The Administrator shall require payment of any amount it may determine to be necessary to withhold for federal, state, local or other taxes as a result of the exercise, grant or vesting of an Award. Unless the Administrator
specifies otherwise, the Participant may elect to pay a portion or all of such withholding taxes by (a) delivery in Shares or (b) having Shares withheld by the Company from any Shares that would have otherwise been received by the
Participant. 
  

	5.	 Limitations 

No Award may be granted under the Plan after the tenth anniversary of the Effective Date, but Awards theretofore granted may extend beyond that
date. 
  

	6.	 Terms and Conditions of Options 

Options granted under the Plan shall be non-qualified options for federal income tax purposes, and
shall be subject to the foregoing and the following terms and conditions and to such other terms and conditions, not inconsistent therewith, as the Administrator shall determine: 

(a) Option Price. The Option Price per Share shall be determined by the Administrator; provided that the Option Price per Share shall
not be less than the Fair Market Value of a Share on the applicable date the Option is granted unless the Participant is not subject to Section 409A of the Code or the Option is otherwise designed to be compliant with Section 409A of the
Code. 
 (b) Exercisability. Options granted under the Plan shall be exercisable at such time and upon such terms and conditions as
may be determined by the Administrator, but in no event shall an Option be exercisable more than ten years after the date it is granted. 

(c) Exercise of Options. Except as otherwise provided in the Plan or in an Award agreement, an Option may be exercised for all, or from
time to time any part, of the Shares for which it is then exercisable. For purposes of Section 6 of the Plan, the exercise date of an Option shall be the later of the date a notice of exercise is received by the Company and, if applicable, the
date payment is received by the Company pursuant to clauses (i), (ii), (iii) or (iv) in the following sentence. The purchase price for the Shares as to which an Option is exercised shall be paid to the Company, and in the manner designated by
the Administrator, pursuant to one or 

  
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more of the following methods: (i) in cash or its equivalent (e.g., by personal check), (ii) in Shares having a Fair Market Value equal to the aggregate Option Price for the Shares being
purchased and satisfying such other requirements as may be imposed by the Administrator, (iii) partly in cash and partly in such Shares, (iv) if there is a public market for the Shares at such time, through the delivery of irrevocable
instructions to a broker to sell Shares obtained upon the exercise of the Option and to deliver promptly to the Company an amount out of the proceeds of such Sale equal to the aggregate Option Price for the Shares being purchased, or (v) to the
extent permitted by the Administrator, through net settlement in Shares. Unless otherwise provided in an Award agreement, no Participant shall have any rights to distributions or other rights of a holder with respect to Shares subject to an Option
until the Participant has given written notice of exercise of the Option, paid in full for such Shares and, if applicable, has satisfied any other conditions imposed by the Administrator pursuant to the Plan. 

(d) Attestation. Wherever in this Plan or any agreement evidencing an Award a Participant is permitted to pay the exercise price of an
Option or taxes relating to the exercise of an Option by delivering Shares, the Participant may, subject to procedures satisfactory to the Administrator, satisfy such delivery requirement by presenting proof of beneficial ownership of such Shares,
in which case the Company shall treat the Option as exercised without further payment and/or shall withhold such number of Shares from the Shares acquired by the exercise of the Option, as appropriate. 

(e) Service Recipient Stock. No Option may be granted to a Participant subject to Section 409A of the Code unless (i) the
Shares constitute “service recipient stock” with respect to such Participant (as defined in Section 1.409A-1(b)(5)(iii)) or (ii) the Option is otherwise designed to be compliant with
Section 409A of the Code. 
  

	7.	 Terms and Conditions of Share Appreciation Rights 

(a) Grants. The Administrator may grant (i) a Share Appreciation Right independent of an Option or (ii) a Share Appreciation
Right in connection with an Option, or a portion thereof. A Share Appreciation Right granted pursuant to clause (ii) of the preceding sentence (A) may be granted at the time the related Option is granted or at any time prior to the
exercise or cancellation of the related Option, (B) shall cover the same number of Shares covered by an Option (or such lesser number of Shares as the Administrator may determine) and (C) shall be subject to the same terms and conditions
as such Option except for such additional limitations as are contemplated by this Section 7 (or such additional limitations as may be included in an Award agreement). 

(b) Terms. The exercise price per Share of a Share Appreciation Right shall be an amount determined by the Administrator;
provided, however, that (z) the exercise price per Share shall not be less than the Fair Market Value of a Share on the applicable date the Share Appreciation Right is granted unless the Participant is not subject to
Section 409A of the Code or the Share Appreciation Right is otherwise designed to be compliant with Section 409A of the Code and (y) in the case of a Share Appreciation Right granted in conjunction with an Option, or a portion
thereof, the exercise price may not be less than the Option Price of the related Option. Each Share Appreciation Right granted independent of an Option shall entitle a Participant upon exercise to an amount equal to (i) the excess of
(A) the Fair Market Value on the exercise date of 

  
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one Share over (B) the exercise price per Share, times (ii) the number of Shares covered by the Share Appreciation Right. Each Share Appreciation Right granted in conjunction with an
Option, or a portion thereof, shall entitle a Participant to surrender to the Company the unexercised Option, or any portion thereof, and to receive from the Company in exchange therefore an amount equal to (i) the excess of (A) the Fair
Market Value on the exercise date of one Share over (B) the Option Price per Share, times (ii) the number of Shares covered by the Option, or portion thereof, which is surrendered. Payment shall be made in Shares or in cash, or partly in
Shares and partly in cash (any such Shares valued at such Fair Market Value), all as shall be determined by the Administrator. Share Appreciation Rights may be exercised from time to time upon actual receipt by the Company of written notice of
exercise stating the number of Shares with respect to which the Share Appreciation Right is being exercised. The date a notice of exercise is received by the Company shall be the exercise date. The Administrator, in its sole discretion, may
determine that no fractional Shares will be issued in payment for Share Appreciation Rights, but instead cash will be paid for a fraction or the number of Shares will be rounded downward to the next whole Share. 

(c) Limitations. The Administrator may impose, in its discretion, such conditions upon the exercisability of Share Appreciation Rights
as it may deem fit, but in no event shall a Share Appreciation Right be exercisable more than ten years after the date it is granted. 
 (d)
Service Recipient Stock. No Option may be granted to a Participant subject to Section 409A of the Code unless (i) the Shares constitute “service recipient stock” with respect to such Participant (as defined in Section 1.409A-1(b)(5)(iii)) or (ii) the Option is otherwise designed to be compliant with Section 409A of the Code. 
  

	8.	 Other Share-Based Awards 

The Administrator, in its sole discretion, may grant or sell Awards of Shares, restricted Shares, restricted shares of Common Stock, deferred
restricted shares of Common Stock, phantom restricted shares of Common Stock or other Share-Based awards based in whole or in part on the Fair Market Value of shares of Common Stock or Blackstone Holdings Partnership Units (“Other Share-Based
Awards”). Such Other Share-Based Awards shall be in such form, and dependent on such conditions, as the Administrator shall determine, including, without limitation, the right to receive, or vest with respect to, one or more Shares (or the
equivalent cash value of such Shares) upon the completion of a specified period of service, the occurrence of an event and/or the attainment of performance objectives. Other Share-Based Awards may be granted alone or in addition to any other Awards
granted under the Plan. Subject to the provisions of the Plan, the Administrator shall determine to whom and when Other Share-Based Awards will be made, the number of Shares to be awarded under (or otherwise related to) such Other Share-Based
Awards; whether such Other Share-Based Awards shall be settled in cash, Shares or a combination of cash and Shares; and all other terms and conditions of such Awards (including, without limitation, the vesting provisions thereof and provisions
ensuring that all Shares so awarded and issued shall be fully paid and non-assessable). 

  
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	9.	 Adjustments Upon Certain Events 

Notwithstanding any other provisions in the Plan to the contrary, the following provisions shall apply to all Awards granted under the Plan:

 (a) Generally. In the event of any change in the outstanding Shares after the Effective Date by reason of any Share distribution or
split, reorganization, recapitalization, merger, consolidation, spin-off, combination, combination or transaction or exchange of Shares or other corporate exchange, or any distribution to holders of Shares
other than regular cash distributions or any transaction similar to the foregoing, the Administrator in its sole discretion and without liability to any person shall make such substitution or adjustment, if any, as it deems to be equitable (subject
to Section 17), as to (i) the number or kind of Shares or other securities issued or reserved for issuance pursuant to the Plan or pursuant to outstanding Awards, (ii) the maximum number of Shares for which Options or Share
Appreciation Rights may be granted during a calendar year to any Participant (iii) the maximum amount of a Performance-Based Award that may be granted during a calendar year to any Participant, (iv) the Option Price or exercise price of
any Share Appreciation Right and/or (v) any other affected terms of such Awards. 
 (b) Change in Control. In the event of a
Change in Control after the Effective Date, (i) if determined by the Administrator in the applicable Award agreement or otherwise, any outstanding Awards then held by Participants which are unexercisable or otherwise unvested or subject to
lapse restrictions shall automatically be deemed exercisable or otherwise vested or no longer subject to lapse restrictions, as the case may be, as of immediately prior to such Change of Control and (ii) the Administrator may (subject to
Section 17), but shall not be obligated to, (A) accelerate, vest or cause the restrictions to lapse with respect to all or any portion of an Award, (B) cancel such Awards for fair value (as determined in the sole discretion of the
Administrator) which, in the case of Options and Share Appreciation Rights, may equal the excess, if any, of value of the consideration to be paid in the Change in Control transaction to holders of the same number of Shares subject to such Options
or Share Appreciation Rights (or, if no consideration is paid in any such transaction, the Fair Market Value of the Shares subject to such Options or Share Appreciation Rights) over the aggregate exercise price of such Options or Share Appreciation
Rights, (C) provide for the issuance of substitute Awards that will substantially preserve the otherwise applicable terms of any affected Awards previously granted hereunder as determined by the Administrator in its sole discretion or
(D) provide that for a period of at least 15 days prior to the Change in Control, such Options shall be exercisable as to all shares subject thereto and that upon the occurrence of the Change in Control, such Options shall terminate and be of
no further force and effect. 
  

	10.	 No Right to Employment or Awards 

The granting of an Award under the Plan shall impose no obligation on the Company or any Affiliate to continue the Employment of a Participant
and shall not lessen or affect the Company’s or Affiliate’s right to terminate the Employment of such Participant. No Participant or other Person shall have any claim to be granted any Award, and there is no obligation for uniformity of
treatment of Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards and the Administrator’s determinations and interpretations with respect thereto need not be the same with respect to each Participant (whether
or not such Participants are similarly situated). 

  
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	11.	 Successors and Assigns 

The Plan shall be binding on all successors and assigns of the Company and a Participant, including without limitation, the estate of such
Participant and the executor, administrator or trustee of such estate, or any receiver or trustee in bankruptcy or representative of the Participant’s creditors. 
  

	12.	 Nontransferability of Awards 

Unless otherwise determined or approved by the Administrator, an Award shall not be transferable or assignable by the Participant otherwise
than by will or by the laws of descent and distribution. An Award exercisable after the death of a Participant may be exercised by the legatees, personal representatives or distributees of the Participant. 

 

	13.	 Amendments or Termination 

The Board may amend, alter or discontinue the Plan, but no amendment, alteration or discontinuation shall be made, without the consent of a
Participant, if such action would diminish any of the rights of the Participant under any Award theretofore granted to such Participant under the Plan; provided, however, that the Administrator may amend the Plan in such manner as it
deems necessary to permit the granting of Awards meeting the requirements of the Code or other applicable laws (including, without limitation, to avoid adverse tax consequences to the Company or to Participants). 

Notwithstanding any provision of the Plan to the contrary, in the event that the Administrator determines that any amounts payable hereunder
will be taxable to a Participant under Section 409A of the Code and related Department of Treasury guidance prior to payment to such Participant of such amount, the Company may (a) adopt such amendments to the Plan and Awards and
appropriate policies and procedures, including amendments and policies with retroactive effect, that the Administrator determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by the Plan and Awards
hereunder and/or (b) take such other actions as the Administrator determines necessary or appropriate to avoid the imposition of an additional tax under Section 409A of the Code. 

 

	14.	 International Participants 

With respect to Participants who reside or work outside the United States of America, the Administrator may, in its sole discretion, amend the
terms of the Plan or Awards with respect to such Participants in order to conform such terms with the requirements of local law or to obtain more favorable tax or other treatment for a Participant, the Company or an Affiliate. 

 

	15.	 Choice of Law 

The Plan shall be governed by and construed in accordance with the law of the State of New York. 

  
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	16.	 Effectiveness of the Plan 

The Plan shall be effective as of the Effective Date. 
  

	17.	 Section 409A 

To the extent applicable, this Plan and Awards issued hereunder shall be interpreted in accordance with Section 409A of the Code and
Department of Treasury regulations and other interpretative guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Effective Date. Notwithstanding other provisions of the Plan or
any Award agreements thereunder, no Award shall be granted, deferred, accelerated, extended, paid out or modified under this Plan in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon a
Participant. In the event that it is reasonably determined by the Administrator that, as a result of Section 409A of the Code, payments in respect of any Award under the Plan may not be made at the time contemplated by the terms of the Plan or
the relevant Award agreement, as the case may be, without causing the Participant holding such Award to be subject to taxation under Section 409A of the Code, the Company may take whatever actions the Administrator determines necessary or
appropriate to comply with, or exempt the Plan and Award agreement from the requirements of Section 409A of the Code and related Department of Treasury guidance and other interpretive materials as may be issued after the Effective Date, which
action may include, but is not limited to, delaying payment to a Participant who is a “specified employee” within the meaning of Section 409A of the Code until the first day following the
six-month period beginning on the date of the Participant’s termination of Employment. The Company shall use commercially reasonable efforts to implement the provisions of this Section 17 in good
faith; provided that neither the Company, the Administrator nor any employee, director or representative of the Company or of any of its Affiliates shall have any liability to Participants with respect to this Section 17. 

  
 9Exhibit 101 - GPG Debt Amendment

		

			Exhibit 10.1

		

		
			NINTH AMENDMENT TO
CREDIT AGREEMENT
		

		
			This NINTH AMENDMENT TO CREDIT AGREEMENT (this “Ninth Amendment”) dated as of June 28, 2019 is among GREEN PLAINS GRAIN COMPANY LLC, a Delaware limited liability company (including in its capacity as successor by merger to Green Plains Essex Inc., an Iowa corporation, the “Borrower”), the Lenders party to the Credit Agreement (as defined below) and BNP PARIBAS, as Administrative Agent.  Capitalized terms used herein and not otherwise defined herein shall have the meanings given to them in the Credit Agreement.
		

		
			W I T N E S S E T H:
		

		
			WHEREAS, the Borrower, Green Plains Grain Company TN LLC, a Delaware limited liability company, the Lenders, the Sole Bookrunner, the Syndication Agent, the Administrative Agent, the Collateral Agent, the Swing Line Lender and the Issuing Lender are parties to a Credit Agreement dated as of October 28, 2011 (as amended, supplemented or otherwise modified from time to time prior to the Effective Date (as defined in Section 2 below), the “Existing Credit Agreement” and, as amended by this Ninth Amendment and as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”); and
		

		
			WHEREAS, the Borrower has requested certain amendments to the Existing Credit Agreement, and the parties hereto have agreed to amend the Existing Credit Agreement on the terms and conditions set forth herein.
		

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

		
			SECTION 1.Amendments.
		

		
			Upon the occurrence of the Effective Date (as defined in Section 2 below), the Existing Credit Agreement is hereby amended as follows:
		

			
	
			
				 (a)
			The definition of “Aggregate Plant Entity Cap” in Section 1.1 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“Aggregate Plant Entity Cap”: $40,000,000.
		

			
	
			
				 (b)
			The definition of “Applicable LC Fee Rate” in Section 1.1 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“Applicable LC Fee Rate”:  on any date with respect to any Standby Letter of Credit, a rate equal to 3.00% per annum, and with respect to any Documentary Letter of Credit, 0.25% per quarter or part thereof.
		

			
	
			
				 (c)
			The definition of “Available Facility Amount” is hereby deleted in its entirety from Section 1.1 of the Existing Credit Agreement.

			
	
			
				 (d)
			The definition of “Base Rate” in Section 1.1 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		 

 

		
			“Base Rate”:  for any day, a variable rate of interest per annum equal to the highest of (a) the rate of interest from time to time established by Administrative Agent as its “prime rate” or “base rate” at its principal office in New York City, (b) the Federal Funds Effective Rate plus one-half of one percent (.50%), and (c) the LIBO Rate that would be calculated as of such day (or, if such day is not a Business Day, as of the next preceding Business Day) in respect of a proposed LIBO Rate Loan with an Interest Period of one month plus one percent (1.0%) per annum. Such prime rate is merely a reference rate and may not necessarily represent the lowest or best rate actually charged to any customer by the Administrative Agent or any Lender. Notwithstanding the foregoing, the Base Rate shall not at any time be less than zero percent (0.00%).
		

			
	
			
				 (e)
			The definition of “Beneficial Ownership Certification” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“Beneficial Ownership Certification”:  a certification regarding beneficial ownership required by the Beneficial Ownership Regulation.
		

			
	
			
				 (f)
			The definition of “Beneficial Ownership Regulation” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“Beneficial Ownership Regulation”: 31 C.F.R. §1010.230.
		

			
	
			
				 (g)
			The reference to “$62,000,000” in the definition of “Borrowing Base” in Section 1.1 of the Existing Credit Agreement is hereby replaced with “the Aggregate Plant Entity Cap” in lieu thereof. 

			
	
			
				 (h)
			The definition of “Combined Plant Entity Conditions” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“Combined  Plant Entity Conditions”: With respect to all Plant Entities together, (a) the aggregate amount of third-party Indebtedness incurred by the Plant Entities and guarantees provided by the Plant Entities to the Parent or any Affiliates of the Parent does not exceed an amount equal to $0.35 per gallon of the Plant Entities’ combined annual ethanol nameplate production capacity, and (b) no event or circumstance has occurred that has or could be expected to have a material adverse effect on any Plant Entities taken as a whole.
		

			
	
			
				 (i)
			The definition of “Credits Commitment” in Section 1.1 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

		
			“Credits Commitment”: $10,000,000.
		

			
	
			
				 (j)
			The definition of “Current Assets” in Section 1.1 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

		
			“Current Assets”: at any time with respect to any Person, all assets of such Person that, in accordance with GAAP, are classified as current assets on a consolidated balance sheet of such Person.
		

			
	
			
				 (k)
			The definition of “Current Liabilities” in Section 1.1 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

		 

		

			-  2  -

		

		

			 

		

 

		
			“Current Liabilities”: at any time with respect to any Person, all liabilities of such Person that, in accordance with GAAP, are classified as current liabilities on a consolidated balance sheet of such Person.
		

			
	
			
				 (l)
			The definition of “Delaware LLC” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“Delaware LLC” means any limited liability company organized or formed under the laws of the State of Delaware. 
		

			
	
			
				 (m)
			The definition of “Delaware LLC Division” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“Delaware LLC Division” means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act. 
		

			
	
			
				 (n)
			The definition of “Eligible Affiliate Account Receivable” in Section 1.1 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

		
			“Eligible Affiliate Account Receivable”: an Account Receivable which would qualify as an Eligible Account Receivable, but for the failure to comply with clause (j)(a) of the definition thereof, and is owing from a Plant Entity, provided that (a) the aggregate amount of Eligible Affiliate Accounts Receivable owing from each Plant Entity at any time which were generated at the applicable plant location set forth on Schedule 1.0H shall not exceed the applicable Counterparty Limit, (b) such Account Receivable shall have a maximum due date of no more than five (5) days from the original invoice date for such Account Receivable, and (c) such Account Receivable shall have been outstanding for no more than seven (7) days from the original invoice date for such Account Receivable. In addition,  (1)  so long as any Plant Entity is in violation of the Individual Plant Entity Conditions, all Accounts Receivable owing by such Plant Entity to the Borrower will cease to be Eligible Affiliate Accounts Receivable during such period, and (2)  so long as the Plant Entities violate any of the Combined Plant Entity Conditions, all Accounts Receivable owing by all Plant Entities to the Borrower will cease to be Eligible Affiliate Accounts Receivable during such period.
		

			
	
			
				 (o)
			The definition of “Federal Funds Effective Rate” in Section 1.1 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

		
			“Federal Funds Effective Rate”:  for any day, the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rates are not so published for any day which is a Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it.  Notwithstanding the foregoing, the Federal Funds Effective Rate shall not at any time be less than zero percent (0.00%).
		

			
	
			
				 (p)
			The definition of “Fixed Charge Coverage Ratio” in Section 1.1 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

		 

		

			-  3  -

		

		

			 

		

 

		
			“Fixed Charge Coverage Ratio”: (a)(i) the sum of EBITDA, plus cash equity investments received by Borrower from Parent, net of any and all dividends and distributions made by the Borrower to the Parent, during such period, minus (ii) the sum of maintenance Capital Expenditures and actual Interest Expense of working capital financings, divided by (b) the sum of actual scheduled principal payments made on Long-Term Indebtedness plus actual Interest Expenses on Long-Term Indebtedness incurred during any period, as shown on the consolidated financial statements of the Borrower. 
		

			
	
			
				 (q)
			The definition of “GPP Plant Entity” is hereby deleted in its entirety from Section 1.1 of the Existing Credit Agreement.

			
	
			
				 (r)
			The definition of “GPP Plant Entity Guarantee” is hereby deleted in its entirety from Section 1.1 of the Existing Credit Agreement.

			
	
			
				 (s)
			The definition of “Individual Plant Entity Conditions” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“Individual Plant Entity Conditions”: With respect to each Plant Entity, (a) such Plant Entity is in compliance with all of its material agreements and obligations, (b) the amount of third-party Indebtedness of such Plant Entity plus the amount of Indebtedness (or other liabilities) that such Plant Entity guarantees or for which it otherwise provides credit support does not exceed the Plant Entity Debt Limit for such Plant Entity, (c) less than 25% of all Accounts Receivable owing by such Plant Entity to the Borrower are past due, and (d) no event or circumstance has occurred that has or could be expected to have a material adverse effect on such Plant Entity.
		

			
	
			
				 (t)
			The definition of “LIBOR Successor Rate” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“LIBOR Successor Rate” is defined in Section 4.10(b)(iv).
		

			
	
			
				 (u)
			The definition of “LIBOR Successor Rate Conforming Changes” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“LIBOR Successor Rate Conforming Changes”  means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of Administrative Agent, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by Administrative Agent in a manner substantially consistent with market practice (or, if Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as Administrative Agent determines in consultation with the Borrower).
		

		 

		

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				 (v)
			The definition of “Ninth Amendment Closing Date” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“Ninth Amendment Closing Date”: June 28, 2019.
		

			
	
			
				 (w)
			The definition of “Plant Entity Debt Limit” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“Plant Entity Debt Limit”: with respect to each Plant Entity, an amount equal to $0.45 per gallon of such Plant Entity’s annual ethanol nameplate production capacity (provided that if multiple Plant Entities are borrowers and/or guarantors of the same Indebtedness then the amount of such obligations will be split amongst such Plant Entities for purposes of this calculation, pro rata based on their respective annual ethanol nameplate production capacity).
		

			
	
			
				 (x)
			The definition of “Scheduled Unavailability Date” is hereby added to Section 1.1 of the Existing Credit Agreement in alphabetical order to read in its entirety as follows:

		
			“Scheduled Unavailability Date” is defined in Section 4.10(b)(ii).
		

			
	
			
				 (y)
			The definition of “Termination Date” in Section 1.1 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“Termination Date”: the three (3) year anniversary of the Ninth Amendment Closing Date or, if such date shall not be a Business Day, the immediately preceding Business Day.
		

			
	
			
				 (z)
			The definition of “Total Assets” in Section 1.1 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“Total Assets”: at any time with respect to any Person, the amount which, in accordance with GAAP, would be set forth opposite the caption “total assets” on a consolidated balance sheet of such Person for such period.
		

			
	
			
				 (aa)
			The definition of “Total Commitment” in Section 1.1 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“Total Commitment”: the total aggregate amount of all Commitments of all Lenders, as it may be reduced or increased in accordance with Section 4.1(a) and Section 4.1(b).  The Total Commitment on the Ninth Amendment Closing Date is $100,000,000.
		

			
	
			
				 (bb)
			The definition of “Total Liabilities” in Section 1.1 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“Total Liabilities”: at any time with respect to any Person, the amount which, in accordance with GAAP, would be set forth opposite the caption “total liabilities” on a consolidated balance sheet of such Person for such period.  For the avoidance of doubt, “Total Liabilities” shall include liabilities with respect to commodity repurchase agreements but, for purposes of calculations of the financial covenants contained in Section 8.17 of this Agreement, “Total Liabilities” will be deemed not to include any of the Borrower’s Guaranty Obligations under the Term Loan Guaranty.
		

		 

		

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				 (cc)
			Section 2.1(a) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(a)Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding not to exceed such Lender’s Commitment minus the sum of (a) its Commitment Percentage of all LC Obligations at such time and (b) its Commitment Percentage of all Swing Line Loans outstanding at such time; provided, that after giving effect to any borrowing of Revolving Loans, (A) the Aggregate Outstanding Extensions of Credit shall not exceed the lesser of (i) the Borrowing Base at such time, and (ii) the sum of the Total Commitment plus the aggregate Seasonal Line Commitments at such time, (B) the Aggregate Outstanding Extensions of Credit (other than Seasonal Line Loans) shall not exceed the Total Commitment at such time, and (C) such Lender’s Commitment Percentage of the Aggregate Outstanding Extensions of Credit (other than Seasonal Line Loans) shall not exceed its Commitment at such time.”
		

			
	
			
				 (dd)
			Section 2.3(a) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(a)Subject to the terms and conditions hereof, the Swing Line Lender agrees to make a portion of the credit under this Agreement available to the Borrower by making swing line loans in United States Dollars (individually, a “Swing Line Loan” and collectively, the “Swing Line Loans”) to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the Swing Line Commitment; provided, that no such Swing Line Loan shall be made if, after giving effect thereto, (i) the Aggregate Outstanding Extensions of Credit (other than Seasonal Line Loans) would exceed the Total Commitment or (ii) the Aggregate Outstanding Extensions of Credit would exceed the lesser of (i) the Borrowing Base at such time, and (ii) the sum of the Total Commitment plus the aggregate Seasonal Line Commitments at such time; provided,  further that no Swing Line Loan shall be used to refinance an outstanding Swing Line Loan.”
		

			
	
			
				 (ee)
			Section 3.1(a) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(a)Subject to the terms and conditions hereof, each Issuing Lender severally agrees to issue, amend and extend letters of credit (“Letters of Credit”) for the account of the Borrower from time to time during the Commitment Period, at the request of the Borrower in accordance with Section 3.3, in an aggregate face amount at any one time outstanding not to exceed the Total Commitment minus the Aggregate Outstanding Extensions of Credit (other than Seasonal Line Loans) at such time; provided, that after giving effect to any Letter of Credit or amendment or extension thereto requested by the Borrower, (i) the Aggregate Outstanding Extensions of Credit shall not exceed the lesser of (x) the Borrowing Base at such time, and (y) the sum of the Total Commitment plus the aggregate Seasonal Line Commitments at such time, (ii) the Aggregate Outstanding Extensions of Credit (other than Seasonal Line Loans) shall not exceed the Total Commitment at such time, (iii) the aggregate outstanding amount of LC Obligations shall not exceed the Credits Commitment at such time, (iv) no Lender’s Commitment Percentage of the Aggregate Outstanding Extensions of Credit (other than Seasonal Line Loans) shall exceed its Commitment at such time, and (v) Section 3.2 shall not be contravened.”
		

			
	
			
				 (ff)
			Section 4.1(c)(x) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		 

		

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			“(x)After giving effect to each Seasonal Line, the sum of the Total Commitment plus the aggregate amount of Seasonal Line Commitments shall not exceed $225,000,000.”
		

			
	
			
				 (gg)
			Section 4.1(c)(xiii) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(xiii)Subject to the terms and conditions hereof, each Seasonal Line Lender in respect of a Seasonal Line severally agrees to make revolving credit loans (“Seasonal Line Loans”) to the Borrower from time to time during the applicable Seasonal Line Commitment Period in an aggregate principal amount at any one time outstanding not to exceed such Seasonal Line Lender’s Seasonal Line Commitment, provided that in no event shall any Seasonal Line Loans be made if after giving effect thereto, (A) the Aggregate Outstanding Extensions of Credit shall exceed the lesser of (i) the Borrowing Base at such time, and (ii) the sum of the Total Commitment plus the aggregate Seasonal Line Commitments at such time, or (B) any Seasonal Line Lender’s Seasonal Line Commitment Percentage of the aggregate principal amount of Seasonal Line Loans under a Seasonal Line shall exceed its Seasonal Line Commitment under such Seasonal Line at such time.”
		

			
	
			
				 (hh)
			A new Section 4.1(c)(xv) is hereby added to the Existing Credit Agreement to read as follows:

		
			“(xv)  Notwithstanding anything to the contrary contained herein, so long as neither a Default or Event of Default has occurred under Sections 9.1(f) of this Agreement nor have any remedies of the Secured Parties pursuant to Sections 9.1 or 9.2 of this Agreement or pursuant to any other Loan Document been exercised, repayments of Loans will be applied first to repayment of Seasonal Line Loans until all outstanding Seasonal Line Loans have been repaid in full before being applied to Revolving Loans.”
		

			
	
			
				 (ii)
			Section 4.8(a) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(a)Subject to Section 4.15, if at any time: (i) the Aggregate Outstanding Extensions of Credit exceed the lesser of (x) the Borrowing Base at such time, and (y) the sum of the Total Commitment plus the aggregate Seasonal Line Commitments  at such time, then the Borrower shall, within two (2) Business Days after the occurrence thereof, prepay the Loans and/or Cash Collateralize Credits in an amount so that after giving effect to any such action, the Aggregate Outstanding Extensions of Credit do not exceed the lesser of (x) the Borrowing Base at such time, and (y) the sum of the Total Commitment plus the aggregate Seasonal Line Commitments at such time, (ii) the Aggregate Outstanding Extensions of Credit (other than Seasonal Line Loans) exceed the Total Commitments at such time then the Borrower shall, within two (2) Business Days after the occurrence thereof, prepay the Revolving Loans and/or Cash Collateralize Credits in an amount so that after giving effect to any such action, the Aggregate Outstanding Extensions of Credit (other than Seasonal Line Loans) do not exceed the Total Commitment at such time; or (iii) the aggregate principal amount of Seasonal Line Loans under a Seasonal Line exceeds the applicable Seasonal Line Commitments at such time then the Borrower shall, within two (2) Business Days after the occurrence thereof, prepay the Seasonal Line Loans in an amount so that after giving effect to any such action, the aggregate principal amount of Seasonal Line Loans do not exceed the applicable Seasonal Line Commitments at such time.”
		

		 

		

			-  7  -

		

		

			 

		

 

			
	
			
				 (jj)
			Section 4.10 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“4.10Inability to Determine Rates; Market Disruption.
		

		
			(a)If for any reason in connection with any request for a Loan, Administrative Agent determines that:
		

		
			(i)United States Dollar deposits are not being offered to banks in the applicable offshore interbank market for the applicable amount and Interest Period of such Loan; or
		

		
			(ii)adequate and reasonable means do not exist for determining the LIBO Rate for any requested Interest Period with respect to a proposed LIBO Rate Loan or in connection with an existing or proposed Base Rate Loan including, without limitation, because LIBO Rate is not available or published on a current basis and such circumstances are likely to be temporary; or
		

		
			(iii)Administrative Agent or the Required Lenders determine that for any reason the LIBO Rate for any requested Interest Period with respect to a proposed LIBO Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan; then
		

		
			(iv)Administrative Agent will promptly so notify the Borrower and each Lender; and
		

		
			(v)thereafter, (A) the obligation of the Lenders to make or maintain LIBO Rate Loans will be suspended, (to the extent of the impacted LIBO Rate Loans or Interest Periods), and (B) the LIBO Rate component will no longer be utilized in determining the Base Rate, in each case until Administrative Agent (upon the instruction of the Required Lenders) revokes such notice; and
		

		
			(vi)if Administrative Agent has made the determination described in clause (a)(i) or clause (a)(ii) above, Administrative Agent, in consultation with the Borrower and the Required Lenders, may establish an alternative interest rate for the impacted Loans, in which case such alternative rate of interest will apply with respect to the impacted Loans until (A) Administrative Agent revokes the notice delivered with respect to the impacted Loans under clause (a)(i) or clause (a)(ii) above, (B) Administrative Agent or the Required Lenders notify Administrative Agent and the Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the impacted Loans, or (C) any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its Applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to such alternative rate of interest or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions on the authority of such Lender to do any of the foregoing and provides Administrative Agent and the Borrower written notice thereof.
		

		
			(b)If for any reason in connection with any request for a Loan, Administrative Agent determines (which determination will be conclusive absent manifest error), or the Borrower or 
		
		
 

		

			-  8  -

		

		

			 

		

 

		Required Lenders notify Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined, that:

		
		
			(i)adequate and reasonable means do not exist for determining the LIBO Rate for any requested Interest Period with respect to a proposed LIBO Rate Loan or in connection with an existing or proposed Base Rate Loan including, without limitation, because LIBO Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or
		

		
			(ii)the administrator of the LIBO Rate or a Governmental Authority having jurisdiction over Administrative Agent has made a public statement identifying a specific date after which the LIBO Rate will no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability Date”); or
		

		
			(iii)syndicated loans currently being executed, or that include language similar to that contained in this Section 4.10, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBO Rate; then
		

		
			(iv)reasonably promptly after such determination by Administrative Agent or receipt by Administrative Agent of such notice, as applicable, Administrative Agent and the Borrower may amend this Credit Agreement to replace LIBO Rate with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein), giving due consideration to any evolving or then-existing convention for similar U.S. Dollar-denominated syndicated credit facilities for such alternative benchmarks (any such proposed rate, a “LIBOR Successor Rate”), together with any proposed LIBOR Successor Rate Conforming Changes (as defined below) and any such amendment will become effective at 5:00 p.m. (New York time) on the fifth (5th) Business Day after Administrative Agent has posted such proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to Administrative Agent written notice that such Required Lenders do not accept such amendment; and
		

		
			(v)if no LIBOR Successor Rate has been determined and the circumstances under clause (b)(i) above exist, the Scheduled Unavailability Date has occurred (as applicable), then Administrative Agent will promptly so notify the Borrower and each Lender; and
		

		
			(vi)thereafter, (A) the obligation of the Lenders to make or maintain LIBO Rate Loans will be suspended, (to the extent of the impacted LIBO Rate Loans or Interest Periods), and (B) the LIBO Rate component will no longer be utilized in determining the Base Rate.
		

		
			(c)Upon receipt of any such notice under clause (a)(iv) or clause (b)(v) above, the Borrower may revoke any pending Notice of Borrowing for, conversion to or continuation of LIBO Rate Loans (to the extent of the impacted LIBO Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a Notice of Borrowing for Base Rate Loans (except that the LIBO Rate component will no longer be utilized in determining the Base Rate for any such Loans) in the amount specified therein.
		

		 

		

			-  9  -

		

		

			 

		

 

		
			(d)Notwithstanding anything else herein, any definition of LIBOR Successor Rate will provide that in no event may such LIBOR Successor Rate be less than zero for purposes of this Credit Agreement.”
		

			
	
			
				 (kk)
			Section 5.25 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“5.25Plant Entities.    The Plant Entities are in compliance with the Combined Plant Entity Conditions.”
		

			
	
			
				 (ll)
			A new Section 5.28 is hereby added to the Existing Credit Agreement to read as follows:

		
			“5.28Beneficial Ownership.  As of the Ninth Amendment Closing Date, the information included in each Beneficial Ownership Certification, if applicable, is true and correct in all respects.”
		

			
	
			
				 (mm)
			Section 6.2(e) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(e)Borrowing Availability.  (i) The Aggregate Outstanding Extensions of Credit (other than Seasonal Line Loans), after giving effect to such Extension of Credit requested to be made on such date, shall not exceed the Total Commitment at such time, (ii) the Aggregate Outstanding Extensions of Credit, after giving effect to such Extension of Credit requested to be made on such date, shall not exceed the lesser of (x) the Borrowing Base at such time and (y) the sum of the Total Commitment plus the aggregate Seasonal Line Commitments  at such time, and (iii) the aggregate principal amount of Seasonal Line Loans under a Seasonal Line after giving effect to such Seasonal Line Loans requested to be made on such date, shall not exceed the applicable Seasonal Line Commitments at such time.”
		

			
	
			
				 (nn)
			Section 7.1(a) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(a)as soon as available, but in any event not later than thirty (30) days after the end of each calendar month of the Borrower (but in respect of the 3rd, 6th, 9th and 12th calendar months of each year of the Borrower, not later than forty-five (45) days after the end of such month), a copy of the unaudited consolidated balance sheet of the Borrower as of the end of such calendar month and the related unaudited consolidated statement of income for such calendar month and the portion of the Fiscal Year through the end of such calendar month, setting forth in each case in comparative form the figures for the previous Fiscal Year, certified by a Responsible Officer as fairly presenting the Borrower’s financial condition, results of operations and cash flows in accordance with GAAP (subject to normal year-end audit adjustments and absence of footnotes);”
		

			
	
			
				 (oo)
			Section 7.1(c) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(c)as soon as available, but in any event within ninety (90) days after the end of each Fiscal Year, a copy of the consolidated and consolidating balance sheets of each of the Parent and its consolidated Subsidiaries (including the Borrower and its Subsidiaries) as of the end of such year and the related consolidated and consolidating statements of income and retained earnings and cash flows for such Fiscal Year, setting forth in each case in comparative form the figures for the 
		

		 

		

			-  10  -

		

		

			 

		

 

		previous Fiscal Year, and in the case of such consolidated financial statements, certified without qualification or exception by KPMG LLP or other independent certified public accountants of nationally recognized standing reasonably acceptable to the Administrative Agent;”
		

			
	
			
				 (pp)
			Section 7.2(b) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(b)concurrently with the delivery of each monthly financial statement delivered to Administrative Agent pursuant to Section 7.1(a),  a certificate of a Responsible Officer (substantially in the form of Exhibit B hereto) stating that, to the best of such Responsible Officer’s knowledge, during such period the Borrower has observed or performed all of its covenants and other agreements, and satisfied every condition contained in this Agreement and the other Loan Documents to be observed, performed or satisfied by it, and that such Responsible Officer has obtained no knowledge of any Default or Event of Default except as specified in such certificate, and such certificate shall include the calculation of all financial covenants set forth in Section 8.17;”
		

			
	
			
				 (qq)
			A new Section 7.19 is hereby added to the Existing Credit Agreement to read as follows:

		
			“7.19Beneficial Ownership.  The Borrower shall promptly notify the Administrative Agent and each Lender of any change in the information provided in the Beneficial Ownership Certification and will deliver to each Lender that so requests an updated Beneficial Ownership Certification.”
		

			
	
			
				 (rr)
			Section 8.4 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“8.4Limitation on Fundamental Changes.
		

		
			Enter into any merger, Delaware LLC Division, or consolidation, or liquidate, wind up or dissolve itself (or suffer any liquidation, LLC Division or dissolution), or Convey all or substantially all of its property, business or assets.”
		

			
	
			
				 (ss)
			Section 8.6 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“8.6Limitation on Restricted Payments.
		

		
			Declare or pay any dividend or distribution (other than dividends or distributions payable solely in common stock or common membership interests of the Borrower or any Subsidiary) on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other acquisition of, any shares of any class of Capital Securities of the Borrower or any Subsidiary or any warrants or options to purchase any such Capital Securities, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the Borrower or any Subsidiary, or enter into any derivative or other transaction with any financial institution, commodities or stock exchange or clearinghouse (a “Derivatives Counterparty”) obligating the Borrower or any Subsidiary to make payments to such Derivatives Counterparty as a result of any change in market value of any such Capital Securities (such declarations, dividends, payments, setting apart, purchases, redemptions, defeasances, retirements, acquisitions and distributions, and such transactions with any Derivatives Counterparties, being 
		

		 

		

			-  11  -

		

		

			 

		

 

		herein called “Restricted Payments”); provided, that (a) any Subsidiary may make Restricted Payments to the Borrower and (b) Borrower may make Restricted Payments so long as (1) Borrower has delivered written notice of such Restricted Payments at least 3 Business Days prior to the date of payment thereof, (2) before and after giving effect thereto, no Default or Event of Default exists or would result therefrom and no mandatory prepayment under Section 4.8 is then required, (3) after giving effect to such Restricted Payments on a proforma basis, the Borrower will have Working Capital equal to at least the greater of (i) $25,000,000 and (ii) 25% of the sum of the then current Total Commitments plus the aggregate Seasonal Line Commitments, and (4) the Borrower has delivered to the Administrative Agent a certificate in the form of Exhibit B attached hereto certified by a Responsible Officer, showing that, after giving effect thereto, the Borrower will be in compliance with the covenants in Section 8.17 (other than clause (d) thereof) and clause b(3) of this Section 8.6.”
		

			
	
			
				 (tt)
			Section 8.17 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“8.17Financial Covenants.
		

		
			(a)Minimum Tangible Net Worth.  Permit the sum of (i) the Tangible Net Worth of the Borrower plus (ii) Long-Term Indebtedness consisting of Subordinated Debt owing to the Parent, calculated as of the last day of any calendar month to be less than 21% of the sum of the then current Total Commitment plus the aggregate Seasonal Line Commitments;
		

		
			(b)Leverage Ratio.  Permit the Leverage Ratio to be greater than 6.0 to 1.0 as of the last day of any calendar month;
		

		
			(c)Working Capital.  Permit the Working Capital of the Borrower calculated as of the last day of any calendar month to be less than the greater of (i) $18,000,000 and (ii) 18% of the sum of the then current Total Commitment plus the aggregate Seasonal Line Commitments;
		

		
			(d)Consolidated Net Position.  Permit the Consolidated Net Position, at any time, for (i) any type of Grain Inventory (other than corn and milo) individually to exceed at any time 100,000 bushels, (ii) Grain Inventory consisting of corn and milo (combined) to exceed at any time 200,000 bushels or (iii) all Grain Inventory in the aggregate to exceed at any time 300,000 bushels;
		

		
			(e)Fixed Charge Coverage Ratio.  Permit the Fixed Charge Coverage Ratio for any consecutive twelve (12) month period to be less than 1.25 to 1.0 as of the last day of any calendar month,  provided that the Fixed Charge Coverage Ratio shall only be tested when the difference of Long-Term Indebtedness minus Subordinated Debt owing to the Parent is greater than $10,000,000, calculated based upon the most recent consolidated financial statements of the Borrower required to be delivered under Section 7.1(a); and
		

		
			(f)Maximum Long Term Capitalization.  Permit, as at the last day of any calendar month, the ratio of Long-Term Indebtedness (excluding Indebtedness under this Agreement) to Long-Term Indebtedness plus Tangible Net Worth to be greater than 0.40 to 1.0, provided that Maximum Long Term Capitalization shall only be tested when the difference of Long-Term Indebtedness minus Subordinated Debt owing to the Parent is greater than $10,000,000, calculated based upon the most recent consolidated financial statements of the Borrower required to be delivered under Section 7.1(a).”
		

		 

		

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				 (uu)
			Section 9.1(d) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(d)The Borrower shall default in the observance or performance of any other covenant or agreement contained in this Agreement or any other Loan Document (other than as provided in Section 9.1(a) through Section 9.1(c)), and such default shall continue unremedied for a period of fifteen (15) consecutive days from the earlier of (i) the date of delivery by the Administrative Agent to the Borrower of notice of the occurrence of such default or (ii) the date on which an officer of the Borrower knew or should have known of such default, provided, that in respect of Section 8.17,  no more than three (3) times per fiscal year the Borrower shall be entitled to cure any non-compliance thereof by receiving sufficient cash equity Investments and delivering a new written calculation of the breached covenant (in form and substance satisfactory to the Administrative Agent) showing compliance therewith after giving effect to such cash equity Investments, within thirty (30) days after the test date provided for in each covenant therein, provided further, that during such thirty (30) day period, such non-compliance (as described under the immediately preceding proviso) shall not be a Default, but on the last day of such thirty (30) day period, if such cure shall not have been made in accordance with the foregoing, such non-compliance shall be an immediate Event of Default with no grace period, notwithstanding the fifteen (15) day grace period set forth above; or”
		

			
	
			
				 (vv)
			The introductory clause of Section 9.3 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“Except as expressly provided in this Agreement (including without limitation as set forth in Section 4.1(c)(xv), all amounts received or recovered under this Agreement or any other Loan Document, from the exercise of remedies by the Administrative Agent or the Collateral Agent under any of the Loan Documents, liquidation of collateral or otherwise, shall be applied for the benefit of the Secured Parties in the following manner (or as otherwise provided in the Swap Intercreditor Agreement):”
		

			
	
			
				 (ww)
			The addresses for notice in Section 11.2 of the Existing Credit Agreement are amended and restated in their entirety as follows:

		
			“The Borrower:Green Plains Grain Company LLC
1811 Aksarben Drive
Omaha, Nebraska 68106
Attention: Mr. Patrich Simpkins, Chief Financial Officer
Fax: 402-884-8776
Phone: 402-952-4906
Email: patrich.simpkins@gpreinc.com
		

		
			with copies to:Green Plains Inc.
1811 Aksarben Drive
Omaha, Nebraska 68106
Attention: Michelle Mapes, Chief Legal and Administration Officer
Fax: 402-884-8776
Phone: 402-952-4906
Email: michelle.mapes@gpreinc.com
		

		
			﻿
		

		

		

		 

		

			-  13  -

		

		

			 

		

 

		The Administrative Agent:BNP Paribas
787 Seventh Avenue
New York, New York 10019
Attention: Zachary Kaiser
Fax: 212.340.5340 
Phone: 212.841.3862
Email: Zachary.kaiser@us.bnpparibas.com
		

		
			with a copy to:Haynes and Boone, LLP
2323 Victory Avenue, Suite 700
Dallas, Texas 75219-7672
Attention: Javier Martinez, Esq.
Fax: 214.200.0745
Phone: 214.651.5238
Email: javier.martinez@haynesboone.com”
		

			
	
			
				 (xx)
			Section 11.15 of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“11.15 Patriot Act; Beneficial Ownership Regulation.
		

		
			Each of the Agents and the Lenders hereby notifies the Borrower that pursuant to the requirements of the Patriot Act and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow the Lender to identify the Borrower in accordance with the terms of the Patriot Act and the Beneficial Ownership Regulation.”
		

			
	
			
				 (yy)
			Section 11.16(b) of the Existing Credit Agreement is amended and restated in its entirety as follows:

		
			“(b)Notwithstanding anything in this Section 11.16 to the contrary, any Confidential Information may be disclosed by any Lender (the affected Lender being, the “Disclosing Party”) to an one or more of (i) its Affiliates, insurers, attorneys, accountants, other professional advisors, or credit insurance providers;  provided that such Persons are or agree to be bound by the confidentiality requirements of this Section 11.16, (ii) proposed Lenders, Participants or Assignees;  provided that such Persons are or agree to be bound by the confidentiality requirements of this Section 11.16,  or  (iii) if the Disclosing Party is compelled by judicial process or is required by Law or regulation or is requested to do so by any examiner or any other regulatory authority or recognized self-regulatory organization including, without limitation, the New York Stock Exchange, the Federal Reserve Board, the New York State Banking Department and the Securities & Exchange Commission (any such Person being a “Regulatory Authority”), in each case having or asserting jurisdiction over the Disclosing Party, provided, that prior to any such disclosure compelled by judicial process or pursuant to a formal investigation, the Disclosing Party, to the extent that it is permitted by applicable Law to do so, shall give the Borrower prompt written notice upon its receipt of any such judicial process or of the existence of any such requirement of Law, regulation or request except in the case of examination by regulatory authority or self-regulatory organizations so that the Borrower may object to the assertion of jurisdiction by such Regulatory Authority or seek a protective order or other appropriate remedy, and the Disclosing Party shall, at the expense of the Borrower, use reasonable efforts to cooperate with the Borrower in seeking to object to the assertion of jurisdiction of such Regulatory Authority or obtain such protective order or other appropriate remedy.
		

		 

		

			-  14  -

		

		

			 

		

 

			
	
			
				 (zz)
			A new Section 11.19 is hereby added to the Existing Credit Agreement to read as follows:

		
			“11.19Acknowledgement Regarding Any Supported QFCs.  To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Contracts or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):  
		

		
			(a)In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.
		

		
			(b)As used in this Section 11.19, the following terms have the following meanings:
		

		
			“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.
		

		
			“Covered Entity” means any of the following: (a) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §47.3(b); or (c) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §382.2(b).
		

		
			“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§252.81, 47.2 or 382.1, as applicable.
		

		
			“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).”
		

			
	
			
				 (aaa)
			Schedule 1.0B (Lenders, Commitments, and Applicable Lending Offices) to the Existing Credit Agreement is amended and restated as set forth on Schedule 1.0B attached hereto.

		 

		

			-  15  -

		

		

			 

		

 

			
	
			
				 (bbb)
			Schedule 1.0H  (Counterparty Limits) to the Existing Credit Agreement is amended and restated as set forth on Schedule 1.0H attached hereto.

			
	
			
				 (ccc)
			Exhibit A (Form of Borrowing Base Report) to the Existing Credit Agreement is amended and restated as set forth on Exhibit A attached hereto.

			
	
			
				 (ddd)
			Exhibit A-1 (Form of Interim Borrowing Base Report) to the Existing Credit Agreement is amended and restated as set forth on Exhibit A-1 attached hereto.

			
	
			
				 (eee)
			Exhibit B (Form of Compliance Certificate) to the Existing Credit Agreement is amended and restated as set forth on Exhibit B attached hereto.

		
			SECTION 2.Effectiveness of Amendment
		

		
			This Ninth Amendment shall become effective on the date (the “Effective Date”) on which:
		

			
	
			
				 (a)
			each of the Borrower, the Administrative Agent, the Swing Line Lender, the Issuing Lender, and the Lenders have duly executed and delivered to the Administrative Agent, with a counterpart for each Lender, this Ninth Amendment;

			
	
			
				 (b)
			the Borrower has executed and delivered to each Lender requesting the same for its own account, a Note;

			
	
			
				 (c)
			the Administrative Agent has received a secretary’s certificate dated the date hereof for the Borrower, in form and substance acceptable to the Administrative Agent, with appropriate insertions and attachments (including, without limitation, incumbency information, signature specimens and Governing Documents), satisfactory in form and substance to the Administrative Agent, executed by the Secretary of the Borrower;

			
	
			
				 (d)
			the Administrative Agent has received certificates dated as of a recent date from the Secretary of State or other appropriate authority, evidencing the good standing of the Borrower in the jurisdiction of its organization;

			
	
			
				 (e)
			no Default or Event of Default exists or would result from the effectiveness of this Ninth Amendment;

			
	
			
				 (f)
			the Administrative Agent has received the executed legal opinions of Husch Blackwell LLP, counsel to the Borrower, in form and substance acceptable to the Administrative Agent;

			
	
			
				 (g)
			if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation,  the Borrower has delivered, to each Lender that so requests, a Beneficial Ownership Certification;

			
	
			
				 (h)
			searches of UCC filings (or their equivalent) in each jurisdiction where a filing has been or would need to be made in order to perfect the Secured Parties’ security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens exist, or, if necessary, copies of proper financing statements, if any, filed on or before the date hereof necessary to terminate all security interests and other rights of any Person in any Collateral previously granted;

			
	
			
				 (i)
			the Borrower has paid all fees owed pursuant to the Credit Agreement and the Fee Letters and all of the Lead Arranger’s, the Administrative Agent’s and the Secured Parties’ fees and the 
		

		 

		

			-  16  -

		

		

			 

		

 

			Lead Arranger’s and the Administrative Agent’s legal fees invoiced in reasonable detail and all reasonable out-of-pocket costs incurred in connection with this Ninth Amendment and all due diligence in respect hereof; and

			
	
			
				 (j)
			the Borrower has delivered to the Administrative Agent such opinions of counsel, authorization and organizational documents, certificates of good standing, and all other documents, reports and information, in each case as the Administrative Agent or the Lenders shall request.

		
			SECTION 3.Effect of Amendment; Ratification; Representation; Post-Closing; etc..
		

			
	
			
				 (a)
			On and after the Effective Date, this Ninth Amendment shall be a part of the Credit Agreement, all references to the Credit Agreement in the Credit Agreement and the other Loan Documents shall be deemed to refer to the Existing Credit Agreement as amended by this Ninth Amendment, and the term “this Agreement”, and the words “hereof”,  “herein”,  “hereunder” and words of similar import, as used in the Existing Credit Agreement, shall mean the Credit Agreement as amended hereby.  This Ninth Amendment shall constitute a Loan Document.

			
	
			
				 (b)
			Except as expressly set forth herein, this Ninth Amendment shall not constitute an amendment, waiver or consent with respect to any provision of the Credit Agreement.

			
	
			
				 (c)
			 Notwithstanding the execution and delivery this Ninth Amendment and the amendments to the Existing Credit Agreement and Loan Documents contained and the transactions contemplated to occur herein, each of the Loan Documents and the Liens and security interested granted thereby is hereby ratified and reaffirmed by the Borrower in all respects and each remains, and shall remain on and after the Effective Date, in full force and effect.

			
	
			
				 (d)
			In order to induce the Administrative Agent and the Lenders to enter into this Ninth Amendment, Borrower represents and warrants to the Administrative Agent and the Lenders that before and after giving effect to the execution and delivery of this Ninth Amendment:

			
	
			
				 (i)
			the representations and warranties of Borrower set forth in the Credit Agreement and in the other Loan Documents are true and correct in all material respects as if made on and as of the date hereof, except for those representations and warranties that by their terms were made as of a specified date which were true and correct on and as of such date; and

			
	
			
				 (ii)
			no Default or Event of Default has occurred and is continuing.

			
	
			
				 (e)
			Notwithstanding anything to the contrary contained in the Credit Agreement or in any other Loan Document, any Collateral or Loan Document which is or may be released (or terminated) upon termination of all Commitments (among other things) shall not be released until the Seasonal Line Commitments are also terminated and all Seasonal Line Loans shall have been repaid in full.  

			
	
			
				 (f)
			Financial Condition.

			
	
			
				 (iii)
			The audited consolidated balance sheet of the Borrower as of December 31, 2018 and the related audited consolidated statements of income and of cash flows for the Fiscal Year ended on such date, reported on by KPMG LLP, copies of which have heretofore been furnished to the Administrative Agent, are complete and correct and present fairly the financial condition of the Borrower as at such date, and the results of their operations and their cash flows for the Fiscal Year then ended.  All such financial statements, including the related schedules and notes thereto, have been prepared on a consolidated basis in accordance with GAAP applied 
		

		 

		

			-  17  -

		

		

			 

		

 

			consistently throughout the periods involved (except as approved by such accountants and as disclosed therein).

			
	
			
				 (iv)
			The unaudited consolidated balance sheet of the Borrower as of April 30, 2019 and the related unaudited consolidated statements of income for such calendar month and the portion of the Fiscal Year through the end of such calendar month, certified by a Responsible Officer, copies of which have heretofore been furnished to the Administrative Agent, are complete and correct and present fairly the consolidated financial condition of the Borrower as at such date, and the results of their operations and their cash flows for the fiscal quarter then ended (subject to normal year-end audit adjustments). All such financial statements have been prepared in accordance with GAAP (except for the absence of footnote disclosures) applied consistently throughout the periods involved (except as approved by such Responsible Officer, as the case may be, and as disclosed therein).

			
	
			
				 (v)
			Except as set forth on Schedule 5.1 to the Credit Agreement, the Borrower and its Subsidiaries do not have, as of the Ninth Amendment Closing Date, any Guaranty Obligation, contingent liability or liability for taxes, in each case that is material, or any Material Contract, including, without limitation, any Swap Contract or other financial derivative, or any other material liability (contingent or otherwise), which is not reflected in the foregoing statements or in the notes thereto.

			
	
			
				 (vi)
			During the period from December 31, 2018 to and including the Ninth Amendment Closing Date there has been no sale, transfer or other disposition by the Borrower or any Subsidiary of any material part of their respective business or property and no purchase or other acquisition of any business or property (including any Capital Securities of any other Person) material in relation to the financial condition of the Borrower as of December 31, 2018, other than those sales, transfers, dispositions and acquisitions listed on Schedule 5.1 to the Credit Agreement.

			
	
			
				 (g)
			Except as set forth on Schedule 5.2, since December 31, 2018 there has been no development or event which has had or could reasonably be expected to have a Material Adverse Effect.  

			
	
			
				 (h)
			Schedule 5.13 sets forth as of the Ninth Amendment Closing Date (i) the name of each direct or indirect Subsidiary of the Borrower, (ii) its respective form of organization, (iii) its respective jurisdiction of organization, (iv) the total number of issued and outstanding shares or other interests of Capital Securities thereof, (v) the classes and number of issued and outstanding shares or other interests of Capital Securities of each such class, and (vi) with respect to the Borrower, the name of each holder of Capital Securities thereof and the number of interests of such Capital Securities held by each such holder and the percentage of all outstanding interests of such class of Capital Securities held by such holders.

		
			SECTION 4.Counterparts.
		

		
			This Ninth Amendment may be executed by one or more of the parties to this Ninth Amendment on any number of separate counterparts (including by facsimile or email transmission of signature pages hereto), and all of said counterparts taken together shall be deemed to constitute one and the same agreement.  A set of the copies of this Ninth Amendment signed by all the parties shall be lodged with the Borrower and the Administrative Agent.
		

		
			SECTION 5.Severability.
		

		
			Any provision of this Ninth Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without 
		

		 

		

			-  18  -

		

		

			 

		

 

		invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
		

		
			SECTION 6.GOVERNING LAW.
		

		
			THIS NINTH AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
		

		
			SECTION 7.WAIVERS OF JURY TRAIL.
		

		
			EACH OF THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS NINTH AMENDMENT AND FOR ANY COUNTERCLAIM THEREIN.
		

		
			[Remainder of Page Intentionally Left Blank; Signature Pages Follow]
		

		
			﻿
		

		
			 
		

		

		

		 

		

			-  19  -

		

		

			 

		

 

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

			
					
						/s/

					
					
						 

					
					
						 

				
	
					
						GREEN PLAINS GRAIN COMPANY LLC, as the Borrower

				
	
					
						By:

					
					
						Green Plains Inc., its sole member

					
						 

					
						 

				
	
					
						By:

					
					
						/s/ Phil Boggs

				
	
					
						﻿

					
					
						Name:

					
					
						Phil Boggs

				
	
					
						﻿

					
					
						Title:

					
					
						Senior Vice President, Finance & Treasurer

				
	
					
						﻿

				

		
			﻿
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				

		 

		

			

		

			 

		

		

			 

		
Ninth Amendment to GPG Credit Agreement Signature Page

		

		

			 

		

 

			
					
						BNP PARIBAS, as Administrative Agent, Swing Line Lender, Issuing Lender and a Lender

					
						 

					
						 

				
	
					
						By:

					
					
						/s/ Zachary Kaiser

				
	
					
						﻿

					
					
						Name:

					
					
						Zachary Kaiser

				
	
					
						﻿

					
					
						Title:

					
					
						Vice President

				
	
					
						﻿

					
						 

					
						 

				
	
					
						By:

					
					
						/s/ Delphine Gaudiot

				
	
					
						﻿

					
					
						Name:

					
					
						Delphine Gaudiot

				
	
					
						﻿

					
					
						Title:

					
					
						Director

				
	
					
						﻿

				

		
			﻿
		

		
			﻿
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				

		 

		

			

		

			 

		

		

			 

		
Ninth Amendment to GPG Credit Agreement Signature Page

		

		

			 

		

 

			
					
						RABO AGRIFINANCE, LLC (f/k/a Rabo AgriFinance, Inc.),  as a Lender

					
						 

					
						 

				
	
					
						By:

					
					
						/s/ Deborah Asberry-Chua

				
	
					
						﻿

					
					
						Name:

					
					
						Deborah Asberry-Chua

				
	
					
						﻿

					
					
						Title:

					
					
						Vice President

				
	
					
						﻿

				

		
			﻿
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				

		 

		

			

		

			 

		

		

			 

		
Ninth Amendment to GPG Credit Agreement Signature Page

		

		

			 

		

 

			
					
						MACQUARIE BANK LIMITED, as a Lender

					
						 

					
						 

				
	
					
						By:

					
					
						/s/ Robert Trevena

				
	
					
						﻿

					
					
						Name:

					
					
						Robert Trevena

				
	
					
						﻿

					
					
						Title:

					
					
						Division Director

				
	
					
						﻿

					
						 

					
						 

				
	
					
						By:

					
					
						/s/ Fiona Smith

				
	
					
						﻿

					
					
						Name:

					
					
						Fiona Smith

				
	
					
						﻿

					
					
						Title:

					
					
						Division Director

				
	
					
						﻿

				
	
					
						(signed in Sydney, POA Ref: #2809 dated 20 March 2019)

				
	
					
						﻿

				

		
			﻿
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				

		 

		

			

		

			 

		

		

			 

		
Ninth Amendment to GPG Credit Agreement Signature Page

		

		

			 

		

 

			
					
						ING CAPITAL LLC, as a Lender

					
						 

					
						 

				
	
					
						By:

					
					
						/s/ Dan Lamprecht

				
	
					
						﻿

					
					
						Name:

					
					
						Dan Lamprecht

				
	
					
						﻿

					
					
						Title:

					
					
						Managing Director

				
	
					
						﻿

					
						 

					
						 

				
	
					
						By:

					
					
						/s/ Jeff Geisbauer

				
	
					
						﻿

					
					
						Name:

					
					
						Jeff Geisbauer

				
	
					
						﻿

					
					
						Title:

					
					
						Director

				
	
					
						﻿

				

		
			﻿
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

				

		 

		

			

		

			 

		

		

			 

		
Ninth Amendment to GPG Credit Agreement Signature Page

		

		

			 

		

 

			
					
						INTRUST BANK, N.A., as a Lender

					
						 

					
						 

				
	
					
						By:

					
					
						/s/ Ryan Reh

				
	
					
						﻿

					
					
						Name:

					
					
						Ryan Reh

				
	
					
						﻿

					
					
						Title:

					
					
						Commercial Relationship Manager

				
	
					
						﻿

				

		
			﻿
		

		
			 
		

		

		

		 

		

			

		

			 

		

		

			 

		
Ninth Amendment to GPG Credit Agreement Signature Page

		

		

			 

		

 

		SCHEDULE 1.0B TO NINTH AMENDMENT
		

		
			SCHEDULE 1.0B
Lenders, Commitments, and Applicable Lending Offices
		

		
			﻿
		

			
					
						﻿

					
					
						 

				
	
					
						Lender and Applicable Lending Office

					
					
						Commitment

				
	
					
						BNP Paribas

					
						Applicable Lending Office:

					
						787 Seventh Avenue

					
						New York, New York 10019

					
						Operations/ Administrative Contact:

					
						Thomas Williams

					
						Phone: (504)  908-6143

					
						Email: dl.sfmona@us.bnpparibas.com

					
						 

					
					
						$30,000,000

				
	
					
						Account Officer:

					
						Attention: Zachary Kaiser
Fax:  (212) 340-5340
Phone: (212)  841-3862
Email: zachary.kaiser@us.bnpparibas.com

					
						 

					
					
						 

				
	
					
						Rabo Agrifinance, Inc.

					
						Applicable Lending Office:

					
						12443 Olive Blvd., Suite 50

					
						St. Louis, MO 63141

					
						 

					
					
						$23,000,000

				
	
					
						Operations/ Administrative Contact:

					
						Ty Beard/Brian Chackes (Participations Desk-Servicing; Re: Green Plains #10346400)

					
						Phone: (314) 817-8000

					
						Email: agservicing@raboag.com

					
						 

					
					
						 

				
	
					
						Account Officer:

					
						Mark Reinert

					
						Phone: (970) 397-0859

					
						Email: mark.reinert@raboag.com

					
						 

					
					
						 

				
	
					
						Macquarie Bank Limited

					
						Applicable Lending Office:

					
						50 Martin Place

					
						Sydney NSW 2000

					
						Australia

					
						 

					
					
						$12,000,000

				

		 

		

			

		

			 

		

		

			 

		

		

 

			
					
						Operation / Administrative Contact:

					
						Macquarie Bank Limited, Representative Office

					
						125 West 55th Street

					
						New York NY 10019

					
						Paul Casey

					
						Phone: 212 231 2122

					
						Email: scfcollateralmanagement@macquarie.com

					
						 

					
					
						 

				
	
					
						Account Officer:

					
						John Spillane

					
						Phone: 212 231 2139

					
						Email: john.spillane@macquarie.com

					
						 

					
					
						 

				
	
					
						ING Capital LLC

					
						Applicable Lending Office:

					
						1325 Avenue of the Americas

					
						New York, NY 10019

					
						 

					
					
						$25,000,000

				
	
					
						Operations/ Administrative Contact:

					
						1325 Avenue of the Americas

					
						New York, NY 1 0019

					
						Frenklin Christian

					
						Phone: (646) 424-8244

					
						Email: dl-nycloanadminstration@americas.ing.com

					
						 

					
					
						 

				
	
					
						Account Officer:

					
						Evelin Herrera

					
						Phone: (646) 424-6457

					
						Email: Evelin.Herrera@americas.ing.com

					
						 

					
					
						 

				
	
					
						INTRUST BANK, N.A.

					
						Applicable Lending Office:

					
						105 N. Main Street

					
						Wichita, Kansas 67202

					
						 

					
					
						$10,000,000

				

		 

		

			

		

			 

		

		

			 

		

		

 

			
					
						Operations/ Administrative Contact:

					
						Heather Funck/ Andrea Herbert

					
						105 N. Main Street

					
						Wichita, Kansas 67202

					
						Phone: (316) 383-1880/(316) 383-1431

					
						Email:heather.funck@intrustbank.com/

					
						andrea.herbert@intrustbank.com

					
						 

					
					
						 

				
	
					
						Account Officer:

					
						Shawn Eidson

					
						105 N. Main Street

					
						Wichita, Kansas 67202

					
						Phone: (316) 383-1368

					
						Email: shawn.eidson@intrustbank.com

					
						 

					
					
						 

				
	
					
						Total:

					
					
						$100,000,000.00

				

		
			﻿
		

		
			 
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

 

		SCHEDULE 1.0H TO NINTH AMENDMENT
		

		
			SCHEDULE 1.0H
COUNTERPARTY LIMITS
		

			
					
						﻿

					
					
						 

				
	
					
						Name - non-Plant Entities

					
					
						Counterparty Limit

				
	
					
						CHS/CHS Oilseed Processing

					
					
						$15,000,000

				
	
					
						Tyson Foods Inc.

					
					
						$15,000,000

				
	
					
						ADM

					
					
						$15,000,000

				
	
					
						Lansing Grain

					
					
						$15,000,000

				
	
					
						Cargill

					
					
						$15,000,000

				
	
					
						Valero

					
					
						$15,000,000

				
	
					
						Bunge Corporation

					
					
						$15,000,000

				
	
					
						AGP

					
					
						$15,000,000

				
	
					
						ADM Growmark

					
					
						$7,000,000

				
	
					
						Pilgrim’s Pride Corporation

					
					
						$7,000,000

				
	
					
						Each other counterparty to a Commodity Contract (other than Plant Entities)

					
					
						$5,000,000

				

		
			﻿
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

 

		
		

		
			﻿
		

		
			SCHEDULE 1.0H (2/2)
		

			
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						﻿

					
					
						Plant Location

					
					
						Ethanol Production Capacity (MMGY)

					
					
						Counterparty Limit

				
	
					
						Green Plains Atkinson LLC

					
					
						Atkinson, Nebraska

					
					
						55

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Central City LLC

					
					
						Central City, Nebraska

					
					
						116

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Fairmont LLC

					
					
						Fairmont, Minnesota

					
					
						119

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Hereford LLC 

					
					
						Hereford, Texas

					
					
						100

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Mount Vernon LLC

					
					
						Mount Vernon, Indiana

					
					
						90

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Madison LLC

					
					
						Madison, Illinois

					
					
						90

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Obion LLC

					
					
						Rives, Tennessee

					
					
						120

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Ord LLC

					
					
						Ord, Nebraska

					
					
						65

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Otter Tail LLC

					
					
						Fergus Falls, Minnesota

					
					
						55

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Shenandoah LLC

					
					
						Shenandoah, Iowa

					
					
						82

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Superior LLC

					
					
						Superior, Iowa

					
					
						60

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains Wood River LLC

					
					
						Wood River, Nebraska

					
					
						121

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Green Plains York LLC

					
					
						York, Nebraska

					
					
						50

					
					
						20% of the Aggregate Plant Entity Cap

				
	
					
						Total

					
					
						 

					
					
						1123

					
					
						 

				
	
					
						Subject to Aggregate Plant Entity Cap:

					
					
						$40,000,000

				

		
			﻿
		

		
			 
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

 

		EXHIBIT A TO NINTH AMENDMENT
		

		
			EXHIBIT A
FORM OF BORROWING BASE REPORT
		

		
			﻿
		

		
			Date:[], 20[__]
		

		
			﻿
		

		
			BNP Paribas, as Administrative Agent 
787 Seventh Avenue
		

		
			New York, New York 10019
		

		
			Attention: Mr. Bradley Dingwall
		

		
			﻿
		

		
			For:Borrowing Base dated as of ____________, 20__ under Credit Agreement, dated as of October 28, 2011 
		

		
			Ladies and Gentlemen:
		

		
			This  certificate  is  delivered  pursuant  to  Section  6.l(d)  and/or  7.2(c)  of  the  Credit
		

		
			Agreement, as applicable, dated as of October 28, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and  among  Green  Plains Grain Company LLC (including in its capacity as successor by merger to Green Plains Essex Inc., the “Borrower”), the Lenders from time  to  time  parties thereto, BNP Paribas, as Administrative Agent and Collateral Agent (in such capacity, together with its successors and assigns, the “Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings given to them in the Credit Agreement.
		

		
			﻿
		

		
			The undersigned Responsible Officer hereby certifies to the Agent and the Lenders that:
		

		
			﻿
		

			
	
			
				 (a)
			such Responsible  Officer  is qualified  and  acting  in the  office  of the  Borrower indicated below such Responsible  Officer’s name below;

		
			﻿
		

			
	
			
				 (b)
			the information reflected on the reports and schedules attached hereto are true and correct in all material respects as of the date hereof;

		
			﻿
		

			
	
			
				 (c)
			the  amounts  indicated  on  Annex I  attached  hereto  were,  to  the  best  of  my knowledge, true and accurate as of the date of preparation;

		
			﻿
		

			
	
			
				 (d)
			the Borrower has not exceeded the maximum allowed Consolidated Net Position for any type of Grain Inventory individually or all Grain Inventory in the aggregate;

		
			﻿
		

			
	
			
				 (e)
			the Plant Entities are in compliance with the Combined Plant Entity Conditions;

		
			﻿
		

			
	
			
				 (f)
			no Default or Event of Default has occurred and is continuing;

		
			﻿
		

			
	
			
				 (g)
			no event or development which has had or could reasonably be expected to have a Material Adverse Effect has occurred[.] [; and]

		
			﻿
		

		
			[(h)the amounts indicated on the Position Report attached hereto as Annexes III 
		
		
 

		

			

		

			 

		

		

			 

		

		

 

		and IV are, to the best of my knowledge, true and accurate as of the date of preparation.]

		
		
			﻿
		

		
			[Remainder of page intentionally blank; signature page follows.]
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			 
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

 

		The foregoing certifications together with the supporting information and reports with respect to which this Borrowing Base Report is delivered, are made and delivered as of the date first written above.
		

		
			﻿
		

		
			GREEN PLAINS GRAIN COMPANY LLC,
		

		
			as a Borrower
		

		
			﻿
		

		
			By:Green Plains Inc., its sole member 
		

		
			﻿
		

		
			﻿
		

		
			By:  ___________________________
		

		
			Name:   
Title:     
		

		
			﻿
		

		
			﻿
		

		
			c/o Green Plains Grain Company LLC 
		

		
			1811 Aksarben Drive
Omaha, Nebraska 68106
Attention: Mr. Patrich Simpkins, Chief Financial Officer
Fax: 402-884-8776
Phone: 402-952-4906
Email: patrich.simpkins@gpreinc.com
		

		
			 
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

 

		ANNEX I 
TO
		

		
			BORROWING BASE REPORT
		

		
			﻿
		

		
			Borrowing Base
		

		
			As of [], 20[__]
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						I.

					
					
						Collateral Type

					
					
						Gross Value

					
					
						Advance Rate

					
					
						Borrowing Base Value

				
	
					
						1.

					
					
						Eligible Cash Collateral, less unpaid checks, overdrafts, or other unpaid amounts related thereto for which any Person has a prior unpaid claim, plus

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						2.

					
					
						Eligible Net Liquidation Value in Brokerage Accounts, plus

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						3.

					
					
						Eligible Net Liquidation Value in Third Party Brokerage Accounts, plus

					
					
						$[________]

					
					
						90%

					
					
						$[________]

				
	
					
						4.

					
					
						Eligible Accounts Receivable, plus

					
					
						$[________]

					
					
						85%

					
					
						$[________]

				
	
					
						5.

					
					
						Eligible Accounts Receivable that are backed by a letter of credit in a form and from an issuing bank, in each case, as approved by the Administrative Agent in its Permitted Discretion, plus

					
					
						$[________]

					
					
						90%

					
					
						$[________]

				
	
					
						6.

					
					
						Eligible Grain Inventory evidenced by warehouse receipts (see detail below), plus

					
					
						$[________]

					
					
						90%

					
					
						$[________]

				
	
					
						i.

					
					
						Grain Inventory evidenced by warehouse receipts, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						ii.

					
					
						Grain Inventory evidenced by warehouse receipts subject to statutory Liens, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						iii.

					
					
						Other ineligible Grain Inventory evidenced by warehouse receipts

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						7.

					
					
						Eligible Grain Inventory not evidenced by warehouse receipts (see detail below), plus

					
					
						$[________]

					
					
						85%

					
					
						$[________]

				
	
					
						i.

					
					
						Grain Inventory not evidenced by warehouse receipts, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						ii.

					
					
						Grain Inventory not evidenced by warehouse receipts subject to statutory Liens, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						iii.

					
					
						Other ineligible Grain Inventory not evidenced by warehouse receipts

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						8.

					
					
						Eligible Non-Grain Inventory, subject to permitted product approval by the Administrative Agent, plus

					
					
						$[________]

					
					
						75%

					
					
						$[________]

				
	
					
						9.

					
					
						Eligible Affiliate Accounts Receivable, plus

					
					
						$[________]

					
					
						85%

					
					
						$[________]

				

		 

		

			

		

			 

		

		

			 

		

		

		

			

		

			ANNEX  I - 1

		

		

			ANNEX  I - 1

		

		

 

			
					
						10.

					
					
						Eligible Grain Inventory in Transit (lesser of 10(a) or 10(b)) (see detail below), plus

					
					
						$[________]

					
					
						 

					
					
						$[________]

				
	
					
						i.

					
					
						Grain Inventory in transit, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						ii.

					
					
						Grain Inventory in transit subject to statutory Liens, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						iii.

					
					
						Other ineligible Grain Inventory in transit

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						(a)

					
					
						Unadjusted Eligible Grain Inventory in Transit

					
					
						$[________]

					
					
						85%

					
					
						$[________]

				
	
					
						(b)

					
					
						10% of Borrowing Base

					
					
						$[________]

					
					
						 

					
					
						$[________]

				
	
					
						11.

					
					
						Eligible Net Unrealized Gain on Forward Contracts (lesser of 11(a) or 11(b))

					
					
						$[________]

					
					
						 

					
					
						$[________]

				
	
					
						(a)

					
					
						Unadjusted Eligible Net Unrealized Gain on Forward Contracts

					
					
						$[________]

					
					
						75%

					
					
						$[________]

				
	
					
						(b)

					
					
						25% of Borrowing Base

					
					
						$[________]

					
					
						 

					
					
						$[________]

				
	
					
						12.

					
					
						Less, all Indebtedness secured by Permitted Liens (other than Subordinated Liens securing Term Loans) to the extent encumbering assets otherwise included in the borrowing base

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						13.

					
					
						Less, all prepayments from Borrower’s customers

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						14.

					
					
						Less, the amount of any Obligations owed to a Swap Party under a Swap Contract with Borrower which Obligations are secured pursuant to the Security Agreement

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						15.

					
					
						Less, Aggregate Net Unrealized Forward Loss

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						16.

					
					
						Less, the amount of any excess Eligible Accounts Receivables of Affiliates and Eligible Net Unrealized Gain on Forward Contracts of Affiliates over the applicable cap 

					
						(16(d) minus 16(e), to the extent the difference is a positive number)

					
					
						 

					
					
						100%

					
					
						$[________]

				
	
					
						(a)

					
					
						Eligible Accounts Receivable of Affiliates

					
					
						$[________]

					
					
						85%

					
					
						$[________]

				
	
					
						(b)

					
					
						Intentionally omitted

					
					
						 

					
					
						 

					
					
						 

				
	
					
						(c)

					
					
						Eligible Net Unrealized Gain on Forward Contracts of Affiliates

					
					
						$[________]

					
					
						75%

					
					
						$[________]

				
	
					
						(d)

					
					
						Aggregate total of Eligible Accounts Receivable and Eligible Net Unrealized Gain on Forward Contracts of Affiliates

					
						(Sum of 16(a) plus 16(c))

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						(e)

					
					
						Applicable cap

					
					
						 

					
					
						 

					
					
						$40,000,000

				

		 

		

			

		

			 

		

		

			 

		

		

		

			

		

			ANNEX  I - 2

		

		

			ANNEX  I - 2

		

		

 

			
					
						17.

					
					
						Total Collateral

					
						(Sum of I.1 through I.11, minus I.12 through I.16)

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						II.

					
					
						Extensions of Credit

					
					
						 

					
					
						 

					
					
						 

				
	
					
						1.

					
					
						Letters of Credit

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						2.

					
					
						Revolving Loans

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						3.

					
					
						Swing Line Loans

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						4.

					
					
						Seasonal Line Loans

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						5.

					
					
						Subtotal (II.1 + II.2 + II.3 + II.4)

					
					
						 

					
					
						 

					
					
						$[________]

				

		
			﻿
		

		
			 
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

		

			

		

			ANNEX  I - 3

		

		

			ANNEX  I - 3

		

		

 

		ANNEX II
		

		
			TO
		

		
			BORROWING BASE REPORT
		

		
			﻿
		

		
			Enclosed with this Borrowing Base Report are all necessary schedules, supporting information, and reports with details for the above, pursuant to the requirements under Section 1.1 of the Credit Agreement.
		

		
			﻿
		

		
			 
		

		
			 
		

		
			ANNEX III
		

		
			TO
		

		
			BORROWING BASE REPORT
		

		
			﻿
		

		
			Position Report
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						A. 

					
					
						Consolidated Net Position for All Grain Inventory in the aggregate

					
					
						 

					
					
						____bushels*

				
	
					
						B.

					
					
						Net Position for each type of Grain Inventory individually

					
					
						 

					
					
						 

				
	
					
						Corn and Milo

					
					
						 

					
					
						____bushels*

				
	
					
						﻿

					
					
						Aggregate Long Position for Corn and Milo

					
					
						____bushels

					
					
						 

				
	
					
						﻿

					
					
						Aggregate Short Position for Corn and Milo

					
					
						____bushels

					
					
						 

				
	
					
						Soybeans

					
					
						 

					
					
						 

					
					
						____bushels*

				
	
					
						﻿

					
					
						Aggregate Long Position for Soybeans

					
					
						____bushels

					
					
						 

				
	
					
						﻿

					
					
						Aggregate Short Position for Soybeans

					
					
						____bushels

					
					
						 

				
	
					
						Wheat

					
					
						 

					
					
						 

					
					
						____bushels*

				
	
					
						﻿

					
					
						Aggregate Long Position for Wheat

					
					
						____bushels

					
					
						 

				
	
					
						﻿

					
					
						Aggregate Short Position for Wheat

					
					
						____bushels

					
					
						 

				
	
					
						[Each other type of Grain Inventory that Borrower and/or Subsidiary has contracted to sell (whether by sale of a contract on a commodities exchange or otherwise) or which the Borrower and/or any Subsidiary will deliver in an exchange or under a Swap Contract]

					
					
						____bushels*

				
	
					
						﻿

					
					
						[Aggregate Long Position for each other type of Grain Inventory individually]

					
					
						____bushels

					
					
						 

				
	
					
						﻿

					
					
						[Aggregate Short Position for each other type of Grain Inventory individually]

					
					
						____bushels

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						* If the Consolidated Net Position is an amount less than zero, it shall be expressed in each case as a positive number. 

				

		
			﻿
		

		
			﻿
		

		
			 
		

		

		

		 

		

			

		

			4833-3177-7431 v.8

		

		

			4833-3177-7431 v.8

		

		

		

			

		

			ANNE4     - 1

		

		

			ANNE4     - 1

		

		

			028948.0121\617805.05

		

		

			028948.0121\617805.05

		

		

 

		ANNEX IV
		

		
			TO
		

		
			BORROWING BASE REPORT
		

		
			﻿
		

		
			Summary of Commodity Repurchase Agreements
		

			
					
						﻿

					
					
						 

					
					
						 

				
	
					
						Type of Grain Inventory:

					
					
						[_________]

				
	
					
						1.

					
					
						Aggregate number of bushels of [insert type of Grain Inventory listed above] subject to the commodity repurchase agreements.

					
					
						______ bushels

				
	
					
						2.

					
					
						Initial selling price of [insert type of Grain Inventory listed above] subject to the commodity repurchase agreements.

					
					
						$[________]

				
	
					
						3.

					
					
						Locations of [insert type of Grain Inventory listed above] subject to the commodity repurchase agreements

					
					
						 

				
	
					
						﻿

					
					
						(a) [insert name of Location 1]

					
					
						 

				
	
					
						﻿

					
					
						[(b) insert name of Location 2, if necessary]

					
					
						 

				

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			 
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

 

		EXHIBIT A-1 TO NINTH AMENDMENT
		

		
			EXHIBIT A-1
FORM OF Interim BORROWING BASE REPORT
		

		
			﻿
		

		
			Date:[], 20[__]
		

		
			﻿
		

		
			BNP Paribas, as Administrative Agent 
787 Seventh Avenue
		

		
			New York, New York 10019
		

		
			Attention: Mr. Bradley Dingwall
		

		
			﻿
		

		
			For:Borrowing Base dated as of ____________, 20__ under Credit Agreement, dated as of October 28, 2011 
		

		
			Ladies and Gentlemen:
		

		
			This  certificate  is  delivered  pursuant  to  the  Credit Agreement, dated as of October 28, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and  among  Green  Plains Grain Company LLC (including in its capacity as successor by merger to Green Plains Essex Inc., the “Borrower”), the Lenders from time  to  time  parties thereto, BNP Paribas, as Administrative Agent and Collateral Agent (in such capacity, together with its successors and assigns, the “Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings given to them in the Credit Agreement.
		

		
			﻿
		

		
			The undersigned Responsible Officer hereby certifies to the Agent and the Lenders that:
		

		
			﻿
		

			
	
			
				 (a)
			such Responsible  Officer  is qualified  and  acting  in the  office  of the  Borrower indicated below such Responsible  Officer’s name below;

		
			﻿
		

			
	
			
				 (b)
			the information reflected on the reports and schedules attached hereto are true and correct in all material respects as of the date hereof (except as noted below);

		
			﻿
		

			
	
			
				 (c)
			the  amounts  indicated  on  Annex I  attached  hereto  were,  to  the  best  of  my knowledge, true and accurate as of the date of preparation (except as noted below);

		
			﻿
		

			
	
			
				 (d)
			the Borrower has not exceeded the maximum allowed Consolidated Net Position for any type of Grain Inventory individually or all Grain Inventory in the aggregate;

		
			﻿
		

			
	
			
				 (e)
			The Plant Entities are in compliance with the Combined Plant Entity Conditions;

		
			﻿
		

			
	
			
				 (f)
			no Default or Event of Default has occurred and is continuing; and

		
			﻿
		

			
	
			
				 (g)
			no event or development which has had or could reasonably be expected to have a Material Adverse Effect has occurred.

		
			﻿
		

		
			[Remainder of page intentionally blank; signature page follows.]
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			 
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

 

		The foregoing certifications together with the supporting information and reports with respect to which this Borrowing Base Report is delivered, are made and delivered as of the date first written above.
		

		
			﻿
		

		
			GREEN PLAINS GRAIN COMPANY LLC,
		

		
			as a Borrower
		

		
			﻿
		

		
			By:Green Plains Inc., its sole member 
		

		
			﻿
		

		
			﻿
		

		
			By:  ___________________________
		

		
			Name:   
Title:     
		

		
			﻿
		

		
			﻿
		

		
			c/o Green Plains Grain Company LLC 
		

		
			1811 Aksarben Drive
Omaha, Nebraska 68106
Attention: Mr. Patrich Simpkins, Chief Financial Officer
Fax: 402-884-8776
Phone: 402-952-4906
Email: patrich.simpkins@gpreinc.com
		

		
			 
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

 

		ANNEX I 
TO
		

		
			INTERIM BORROWING BASE REPORT
		

		
			﻿
		

		
			Borrowing Base
		

		
			As of [], 20[__]
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						I.

					
					
						Collateral Type

					
					
						Gross Value

					
					
						Advance Rate

					
					
						Borrowing Base Value

				
	
					
						1.

					
					
						Eligible Cash Collateral (after giving effect to the proposed Extensions of Credit related to this Interim Borrowing Base Report), less unpaid checks, overdrafts, or other unpaid amounts related thereto for which any Person has a prior unpaid claim, plus

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						2.

					
					
						Eligible Net Liquidation Value in Brokerage Accounts, plus

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						3.

					
					
						Eligible Net Liquidation Value in Third Party Brokerage Accounts, plus

					
					
						$[________]

					
					
						90%

					
					
						$[________]

				
	
					
						4.

					
					
						Eligible Accounts Receivable, plus

					
					
						$[________]

					
					
						85%

					
					
						$[________]

				
	
					
						5.

					
					
						Eligible Accounts Receivable that are backed by a letter of credit in a form and from an issuing bank, in each case, as approved by the Administrative Agent in its Permitted Discretion, plus

					
					
						$[________]

					
					
						90%

					
					
						$[________]

				
	
					
						6.

					
					
						Eligible Grain Inventory evidenced by warehouse receipts (see detail below), plus

					
					
						$[________]

					
					
						90%

					
					
						$[________]

				
	
					
						i.

					
					
						Grain Inventory evidenced by warehouse receipts, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						ii.

					
					
						Grain Inventory evidenced by warehouse receipts subject to statutory Liens, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						iii.

					
					
						Other ineligible Grain Inventory evidenced by warehouse receipts

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						7.

					
					
						Eligible Grain Inventory not evidenced by warehouse receipts (see detail below), plus

					
					
						$[________]

					
					
						85%

					
					
						$[________]

				
	
					
						i.

					
					
						Grain Inventory not evidenced by warehouse receipts, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						ii.

					
					
						Grain Inventory not evidenced by warehouse receipts subject to statutory Liens, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						iii.

					
					
						Other ineligible Grain Inventory not evidenced by warehouse receipts

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						8.

					
					
						Eligible Non-Grain Inventory, subject to permitted product approval by the Administrative Agent, plus

					
					
						$[________]

					
					
						75%

					
					
						$[________]

				
	
					
						9.

					
					
						Eligible Affiliate Accounts Receivable, plus

					
					
						$[________]

					
					
						85%

					
					
						$[________]

				

		 

		

			

		

			 

		

		

			 

		

		

		

			

		

			ANNEX  I - 1

		

		

			ANNEX  I - 1

		

		

 

			
					
						10.

					
					
						Eligible Grain Inventory in Transit (lesser of 10(a) or 10(b)) (see detail below), plus

					
					
						$[________]

					
					
						 

					
					
						$[________]

				
	
					
						i.

					
					
						Grain Inventory in transit, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						ii.

					
					
						Grain Inventory in transit subject to statutory Liens, less

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						iii.

					
					
						Other ineligible Grain Inventory in transit

					
					
						$[______]

					
					
						 

					
					
						 

				
	
					
						(a)

					
					
						Unadjusted Eligible Grain Inventory in Transit

					
					
						$[________]

					
					
						85%

					
					
						$[________]

				
	
					
						(b)

					
					
						10% of Borrowing Base

					
					
						$[________]

					
					
						 

					
					
						$[________]

				
	
					
						11.

					
					
						Eligible Net Unrealized Gain on Forward Contracts (lesser of 11(a) or 11(b))

					
					
						$[________]

					
					
						 

					
					
						$[________]

				
	
					
						(a)

					
					
						Unadjusted Eligible Net Unrealized Gain on Forward Contracts

					
					
						$[________]

					
					
						75%

					
					
						$[________]

				
	
					
						(b)

					
					
						25% of Borrowing Base

					
					
						$[________]

					
					
						 

					
					
						$[________]

				
	
					
						12.

					
					
						Less, all Indebtedness secured by Permitted Liens (other than Subordinated Liens securing Term Loans) to the extent encumbering assets otherwise included in the borrowing base

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						13.

					
					
						Less, all prepayments from Borrower’s customers

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						14.

					
					
						Less, the amount of any Obligations owed to a Swap Party under a Swap Contract with Borrower which Obligations are secured pursuant to the Security Agreement

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						15.

					
					
						Less, Aggregate Net Unrealized Forward Loss

					
					
						$[________]

					
					
						100%

					
					
						$[________]

				
	
					
						16.

					
					
						Less, the amount of any excess Eligible Accounts Receivables of Affiliates and Eligible Net Unrealized Gain on Forward Contracts of Affiliates over the applicable cap 

					
						(16(d) minus 16(e), to the extent the difference is a positive number)

					
					
						 

					
					
						100%

					
					
						$[________]

				
	
					
						(a)

					
					
						Eligible Accounts Receivable of Affiliates

					
					
						$[________]

					
					
						85%

					
					
						$[________]

				
	
					
						(b)

					
					
						Intentionally omitted

					
					
						 

					
					
						 

					
					
						 

				
	
					
						(c)

					
					
						Eligible Net Unrealized Gain on Forward Contracts of Affiliates

					
					
						$[________]

					
					
						75%

					
					
						$[________]

				
	
					
						(d)

					
					
						Aggregate total of Eligible Accounts Receivable and Eligible Net Unrealized Gain on Forward Contracts of Affiliates

					
						(Sum of 16(a) plus 16(c))

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						(e)

					
					
						Applicable cap

					
					
						 

					
					
						 

					
					
						$40,000,000

				

		 

		

			

		

			 

		

		

			 

		

		

		

			

		

			ANNEX  I - 2

		

		

			ANNEX  I - 2

		

		

 

			
					
						17.

					
					
						Total Collateral

					
						(Sum of I.1 through I.11, minus I.12 through I.16)

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						II.

					
					
						Extensions of Credit (after giving effect to the proposed Extensions of Credit related to this Interim Borrowing Base Report)

					
					
						 

					
					
						 

					
					
						 

				
	
					
						1.

					
					
						Letters of Credit

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						2.

					
					
						Revolving Loans

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						3.

					
					
						Swing Line Loans

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						4.

					
					
						Seasonal Line Loans

					
					
						 

					
					
						 

					
					
						$[________]

				
	
					
						5.

					
					
						Subtotal (II.1 + II.2 + II.3 + II.4)

					
					
						 

					
					
						 

					
					
						$[________]

				

		
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			ANNEX  I - 3

		

		

			ANNEX  I - 3

		

		

 

		ANNEX II
		

		
			TO
		

		
			INTERIM BORROWING BASE REPORT
		

		
			﻿
		

		
			Enclosed with this Borrowing Base Report are all necessary schedules, supporting information, and reports with details for the above, pursuant to the requirements under Section 1.1 of the Credit Agreement.
		

		
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			ANNEX II - 1

		

		

			ANNEX II - 1

		

		

 

		

			 

		

		EXHIBIT B TO NINTH AMENDMENT
		

		
			EXHIBIT B
FORM OF COMPLIANCE CERTIFICATE
		

		
			Reference is made to the Credit Agreement dated as of October 28, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among GREEN PLAINS GRAIN COMPANY LLC (including in its capacity as successor by merger to Green Plains Essex Inc., the “Borrower”), the Lenders from time to time parties thereto, BNP PARIBAS, as Administrative Agent and Collateral Agent on behalf of the Lenders (in such capacity, together with its successors and assigns, the “Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings given to them in the Credit Agreement. The undersigned does hereby certify that he/she is a Responsible Officer of the Borrower, and that as such is authorized to execute this Compliance Certificate on behalf of the Borrower, and DOES HEREBY FURTHER CERTIFY on behalf of the Borrower that:
		

		
			1.This Compliance Certificate is given pursuant to Section 7.2(b) and/or 8.6 of the Credit Agreement, as applicable.
		

		
			2.He/she has reviewed the terms of the Credit Agreement and has made a detailed review of the transactions and conditions of the Borrower during the accounting period(s) covered by the financial statements with respect to which this Compliance Certificate is being delivered;
		

		
			3.The examination described in paragraph 2 above did not disclose, and he/she has no notice or knowledge of the existence of, any condition or event which constitutes a Default or Event of Default during or at the end of the accounting period covered by the financial statements with respect to which this Compliance Certificate is being delivered or as of the date of this Compliance Certificate, except as set forth below:
		

		
			List, in detail, the nature of the condition or event, the period during which it has existed and the action which the Borrower has taken, is taking, or proposes to take with respect to each such condition or event:
		

		
			
		

		
			
		

		
			4.The representations and warranties contained in the Credit Agreement and in the other Loan Documents are true and correct on and as of the date hereof, as though made on and as of the date hereof, except for those representations and warranties that by their terms were made as of a specified date, which are true and correct on and as of such specified date.
		

		
			5.The Borrower has observed or performed and is in compliance with all of the covenants and other agreements contained in the Credit Agreement and the other Loan Documents and all conditions in the Credit Agreement and the other Loan Documents to be observed, performed or satisfied by it have been observed, performed or satisfied.
		

		
			6.The financial statements with respect to which this Compliance Certificate is being delivered fairly present the Borrower’s financial condition, results of operations and cash flows in accordance with GAAP (subject to normal year-end audit adjustments and absence of footnotes).
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

 

		

			 

		

		7.As of the date of the financial statements with respect to which this Compliance Certificate is being delivered, (i) the amount of the “present fair saleable value” of the assets of the Borrower exceeds the amount of all “liabilities of the Borrower contingent or otherwise”, as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (ii) the present fair saleable value of the assets of the Borrower are greater than the amount that will be required to pay the liabilities of the Borrower on its respective debts as such debts become absolute and matured, (iii) the Borrower does not have an “unreasonably small amount of capital” with which to conduct its respective businesses, as such quoted term is determined in accordance with applicable U.S. federal and state Laws governing the determination of insolvency of debtors and (iv) the Borrower will be able to pay their respective debts as they mature. For purposes of this paragraph 7,  “debt” means “liability on a claim”,  “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured and (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured.
		

		
			8.As of the date of the financial statements with respect to which this Compliance Certificate is being delivered, the sum of (i) Tangible Net Worth of the Borrower plus (ii) Long-Term Indebtedness consisting of Subordinated Debt owing to the Parent was$[__________]. The minimum required Tangible Net Worth of the Borrower plus Long-Term Indebtedness consisting of Subordinated Debt owing to the Parent is 21% of the sum of the then current Total Commitment plus the aggregate Seasonal Line Commitments. The Borrower is [not] in compliance with this requirement.
		

		
			9.As of the date of the financial statements with respect to which this Compliance Certificate is being delivered the Leverage Ratio was [__] to 1.0. The maximum permitted Leverage Ratio is 6.0 to 1.0. The Borrower is [not] in compliance with this requirement.
		

		
			10.As of the date of the financial statements with respect to which this Compliance Certificate is being delivered, the Working Capital of the Borrower was $[__________]. The minimum required Working Capital of the Borrower is the greater of $18,000,000 and 18% of the sum of the then current Total Commitment plus the aggregate Seasonal Line Commitments. The Borrower is [not] in compliance with this requirement.
		

		
			11.The maximum allowed Consolidated Net Position of the Borrower is (i) 100,000 bushels for each type of Grain Inventory (other than com and milo) individually, (ii) 200,000 bushels for Grain Inventory consisting of com and milo in the aggregate, and (iii) 300,000 bushels under for all Grain Inventory in the aggregate. As of the date of the financial statements with respect to which this Compliance Certificate is being delivered, the Borrower is [not] in compliance with this requirement.
		

		
			12.As of the date of the financial statements with respect to which this Compliance Certificate is being delivered, the Fixed Charge Coverage Ratio of the Borrower was [__]:1.0. The minimum allowed Fixed Charge Coverage Ratio of the Borrower for any consecutive twelve month period is 1.25 to 1.0 as of the last day of any calendar month. The Fixed Charge Coverage Ratio shall only be tested when the difference of Long-Term Indebtedness minus Subordinated Debt owing to the Parent is greater than $10,000,000, as calculated based upon the most recently delivered financial statements of the Borrower. The Borrower is [not] in compliance with this requirement, if applicable.
		

		
			13.As of the date of the financial statements with respect to which this Compliance Certificate is being delivered, the ratio of Long-Term Indebtedness (excluding Indebtedness under the Credit Agreement) to Long-Term Indebtedness plus Tangible Net Worth was [__]:1.0. The maximum allowed ratio of Long-Term Indebtedness (excluding Indebtedness under this Agreement) to Long-Term 
		

		 

		

			

		

			 

		

		

			 

		

		

 

		

			 

		

		Indebtedness plus Tangible Net Worth is 0.40 to 1.0 as of the last day of any calendar month. Maximum Long-Term Capitalization shall only be tested when the difference of Long-Term Indebtedness minus Subordinated Debt owing to the Parent is greater than $10,000,000, as calculated based upon the most recently delivered financial statements of the Borrower. The Borrower is [not] in compliance with this requirement, if applicable.
		

		
			14.(a)As of the date of the financial statements with respect to which this Compliance Certificate is being delivered, the Borrower has made Capital Expenditures during the current Fiscal Year in the aggregate amount of $[__________].
		

		
			(b)Of the aggregate sum of Capital Expenditures reported in clause (a) above, $[__________] are cash equity Investments made by Parent in Borrower during the current Fiscal Year (which cash equity Investments shall be designated for use by the Borrower only for Capital Expenditures).
		

		
			(c)Of the aggregate sum of Capital Expenditures reported in clause (a) above, $[__________] was used as “carry-forward” availability from the prior Fiscal Year. The aggregate amount of all “carried forward” availability shall not be greater than $8,000,000 at any time.
		

		
			(d)The aggregate sum of Capital Expenditures reported in clause (a) above may not exceed $8,000,000 during any Fiscal Year plus, the amount set forth in clause (b) above plus the amount set forth in clause (c) above. The Borrower is [not] in compliance with this requirement.
		

		
			15.(a)After the Closing Date, as of the date of the financial statements with respect to which this Compliance Certificate is being delivered, the Borrower has made, incurred, assumed, or suffered to exist Investments in the aggregate amount of $[__________].
		

		
			(b)Of the aggregate sum of Investments reported in clause (a) above, $[__________] are cash equity investments made by Parent in Borrower from and after the Closing (which cash equity investments are designated for use only on such Investments).
		

		
			(c)The aggregate sum of Investments after the Closing Date reported in clause (a) above minus the aggregate sum of Investments reported in clause (b) above may not exceed $1,000,000. The Borrower is [not] in compliance with this requirement.
		

		
			16.As of the date of the financial statements with respect to which this Compliance Certificate is being delivered, the aggregate principal amount of Indebtedness of Borrower under commodity repurchase agreements related to physical inventory was $[__________]. The maximum aggregate principal amount of Indebtedness of Borrower under commodity repurchase agreements related to physical inventory is $50,000,000. The Borrower is [not] in compliance with this requirement.
		

		
			17.The Borrower has entered into commodity repurchase agreements with each of the contract counterparties listed on Annex 5 hereto. Borrower may only enter into commodity repurchase agreements with Approved Repurchase Contract Counterparty and shall have entered into a Repurchase Intercreditor Agreement with the Collateral Agent on terms and conditions satisfactory to the Administrative Agent. The Borrower is [not] in compliance with this requirement.
		

		
			18.Enclosed with this Compliance Certificate is all necessary supporting information and reports with details for the above.
		

		
			19.As of the date of the financial statements with respect to which this Compliance Certificate is being delivered, the aggregate amount of third-party Indebtedness incurred by the Plant Entities and 
		

		 

		

			

		

			 

		

		

			 

		

		

 

		

			 

		

		guarantees provided by the Plant Entities to the Parent or any Affiliates of the Parent was $[__________] and the Plant Entities’ combined annual ethanol nameplate production capacity was [_________].  The aggregate amount of third-party Indebtedness incurred by the Plant Entities and guarantees provided by the Plant Entities to the Parent or any Affiliates of the Parent may not exceed $0.35 per gallon of the Plant Entities’ combined annual ethanol nameplate production capacity. The Borrower is [not] in compliance with this requirement.
		

		
			[Remainder of Page Intentionally Blank;
Signature Page Follows.]
		

		
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		The foregoing certifications together with the financial statements with respect to which this Compliance Certificate is delivered, in support of this Compliance Certificate, are made and delivered this [__] day of [__________, 20__].
		

			
					
						GREEN PLAINS GRAIN COMPANY LLC, as a Borrower

				
	
					
						By:

					
					
						Green Plains Inc., its sole member

				
	
					
						By:

					
					
						 

				
	
					
						﻿

					
					
						Name:

					
					
						 

				
	
					
						﻿

					
					
						Title:

					
					
						 

				

		
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		Annex 1 to Compliance Certificate
		

		
			Tangible Net Worth Calculation
		

			
					
						1.

					
					
						Total Assets of the Borrower

					
					
						$__________

				
	
					
						2.

					
					
						Total Liabilities of the Borrower

					
					
						$__________

				
	
					
						3.

					
					
						To the extent included in the calculation of 1 above:

					
					
						 

				
	
					
						﻿

					
					
						(a)

					
					
						the total book value of the Total Assets of the Borrower properly classified as intangible assets under GAAP, including such items as goodwill, trademarks, trade names, service marks, brand names, copyrights, patents and licenses, rights with respect to the foregoing, and organizational or developmental expenses

					
					
						$__________

				
	
					
						﻿

					
					
						(b)

					
					
						any subscriptions receivable

					
					
						$__________

				
	
					
						﻿

					
					
						(c)

					
					
						loans by Borrower to, investments in and receivables and other obligations from Borrower’s Capital Securities holders, Subsidiaries, other Affiliates, officers, employees or directors of the Borrower not in the ordinary course of business

					
					
						$__________

				
	
					
						﻿

					
					
						(d)

					
					
						any treasury stock

					
					
						$__________

				
	
					
						﻿

					
					
						(e)

					
					
						sum of (a)+(b)+(c)+(d)

					
					
						$__________

				
	
					
						4.

					
					
						Tangible Net Worth of the Borrower (1  –  2 - 3(e))

					
					
						$__________

				
	
					
						5.

					
					
						Long-Term Indebtedness consisting of Subordinated Debt owing to the Parent

					
					
						$__________

				
	
					
						6.

					
					
						Tangible Net Worth of the Borrower plus Long-Term Indebtedness consisting of Subordinated Debt owing to the Parent (4+5)

					
					
						$__________

				
	
					
						﻿

					
					
						IS TEST PASSED (i.e., is 6 greater than or equal to the greater of 21% of the sum of the then current Total Commitment plus the aggregate Seasonal Line Commitments?

					
					
						[__] Yes

					
						[__]  No

				

		
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		Annex 2 to Compliance Certificate
		

		
			Leverage Ratio Calculation
		

			
					
						1.

					
					
						The amount which, in accordance with GAAP, would be set forth opposite the caption “total liabilities” on the balance sheet of Borrower for such period.

					
					
						$__________

				
	
					
						2.

					
					
						Tangible Net Worth of the Borrower (Item 4 from Annex 1)

					
					
						$__________

				
	
					
						3.

					
					
						Leverage Ratio

					
					
						_____:1

				
	
					
						﻿

					
					
						IS TEST PASSED (i.e., is 3 less than 6.0 to 1.0)? 

					
					
						[__] Yes

					
						[__]  No

				

		
			* Supporting financial information to be attached.
		

		
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		Annex 3 to Compliance Certificate
		

		
			Working Capital Calculation
		

			
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						1.

					
					
						Current Assets of the Borrower

					
					
						$__________

				
	
					
						2.

					
					
						Current Liabilities of the Borrower

					
					
						$__________

				
	
					
						3.

					
					
						To the extent included in the calculation of 1 above:

					
					
						$__________

				
	
					
						﻿

					
					
						(a)

					
					
						the total book value of the Total Assets of the Borrower properly classified as goodwill, trademarks, trade names, service marks, brand names, copyrights, patents and licenses, rights with respect to the foregoing, and organizational or developmental expenses

					
					
						$__________

				
	
					
						﻿

					
					
						(b)

					
					
						any subscriptions receivable

					
					
						$__________

				
	
					
						﻿

					
					
						(c)

					
					
						loans by Borrower to, investments in and receivables and other obligations from Borrower’s Capital Securities holders, Subsidiaries, other Affiliates, officers, employees or directors of the Borrower not in the ordinary course of business

					
					
						$__________

				
	
					
						﻿

					
					
						(d)

					
					
						any treasury stock

					
					
						$__________

				
	
					
						﻿

					
					
						(e)

					
					
						sum of (a)+(b)+(c)+(d)

					
					
						$__________

				
	
					
						4.

					
					
						Working Capital of the Borrower (1  –  2 - 3(e))

					
					
						$__________

				
	
					
						﻿

					
					
						IS TEST PASSED (i.e., is 4 greater than or equal to the greater of $18,000,000 and 18% of the sum of the then current Total Commitment plus the aggregate Seasonal Line Commitments)? 

					
					
						[__] Yes

					
						[__]  No

				

		
			﻿
		

		
			* Supporting financial information to be attached.
		

		
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		Annex 4 to Compliance Certificate
		

		
			Fixed Charge Coverage Ratio Calculation
		

			
					
						A.

					
					
						EBITDA of Borrower (A.1 + A.2)

					
					
						$__________

				
	
					
						﻿

					
					
						1.

					
					
						Net Income (1(a) - 1(b) - 1(c) - 1(d))

					
					
						$__________

				
	
					
						﻿

					
					
						 

					
					
						(a)

					
					
						the net income (or loss) of the Borrower;*

					
					
						$__________

				
	
					
						﻿

					
					
						 

					
					
						(b)

					
					
						(i) any net non-cash gain or loss during such period arising from the sale, exchange, retirement, or other disposition of capital assets (such term to include all fixed assets and all securities) other than in the ordinary course of business, and (ii) the cumulative effect of any change in GAAP.

					
					
						$__________

				
	
					
						﻿

					
					
						 

					
					
						(c)

					
					
						the net income of any Person accrued prior to the date it becomes a Subsidiary of, or has merged into or consolidated with, Borrower or another Subsidiary

					
					
						$__________

				
	
					
						﻿

					
					
						 

					
					
						(d)

					
					
						the net income of any Person in which Borrower or any of its Subsidiaries has an equity interest in, but which Person is not Borrower, except to the extent of the amount of dividends or other distributions actually paid to Borrower during such period

					
					
						$__________

				
	
					
						﻿

					
					
						2.

					
					
						To the extent reflected as a charge in the statement of Net Income

					
					
						$__________

				
	
					
						﻿

					
					
						 

					
					
						(2(a) + 2(b) + 2(c) + 2(d) + 2(e)- 2(f))

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						(a)

					
					
						income tax expense;

					
					
						$__________

				
	
					
						﻿

					
					
						 

					
					
						(b)

					
					
						Interest Expense;

					
					
						$__________

				
	
					
						﻿

					
					
						 

					
					
						(c)

					
					
						depreciation and amortization expense;

					
					
						$__________

				
	
					
						﻿

					
					
						 

					
					
						(d)

					
					
						any write-down of noncurrent assets

					
					
						$__________

				
	
					
						﻿

					
					
						 

					
					
						(e)

					
					
						the EBITDA of any Person accrued prior to the date it becomes a Subsidiary of, or has merged into or consolidated with Borrower or another Subsidiary

					
					
						$__________

				
	
					
						﻿

					
					
						 

					
					
						(f)

					
					
						the net income of any Person in which Borrower or any of its Subsidiaries has an equity interest in, but which Person is not a Borrower, except to the extent of the amount of dividends or other distributions actually paid to Borrower during such period

					
					
						$__________

				
	
					
						B.

					
					
						Cash equity investments received by Borrower from Parent, net of any and all dividends and distributions made by the Borrower to the Parent, during the applicable period.

					
					
						$__________

				
	
					
						C.

					
					
						All expenditures made by Borrower during such period that should be classified as a maintenance capital expenditure

					
					
						$__________

				

		 

		

			

		

			 

		

		

			 

		

		

 

		

			 

		

			
					
						D.

					
					
						Actual interest expense of working capital financings

					
					
						$__________

				
	
					
						E.

					
					
						Debt Service Payments (E.1 + E.2)

					
					
						$__________

				
	
					
						﻿

					
					
						1.

					
					
						Actual scheduled principal payments made on Long-Term Indebtedness

					
					
						$__________

				
	
					
						﻿

					
					
						2.

					
					
						Actual Interest Expenses on Long-Term Indebtedness incurred during any period, as shown on the consolidated financial statements of the Borrower.

					
					
						$__________

				
	
					
						F.

					
					
						Debt Service Coverage Ratio (A+ B - (C + D)) : E

					
					
						$__________

				
	
					
						﻿

					
					
						IS TEST PASSED (i.e., is F less than 1.25:1)?

					
					
						[__] Yes

					
						[__]  No

				

		
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		Annex 5 to Compliance Certificate
		

		
			Summary of Grain Inventory 
Subject to Commodity Repurchase Agreements
		

		
			* Provided for each type of Grain Inventory individually.
		

			
					
						A.

					
					
						Type of Grain Inventory:

					
					
						[_____]

				
	
					
						﻿

					
					
						1.

					
					
						Name of contract counterparty with which Borrower has entered into commodity repurchase agreements.

					
					
						[_____]

				
	
					
						﻿

					
					
						2.

					
					
						Is contract counterparty an Approved Repurchase Contract Counterparty?

					
					
						[__] Yes

					
						[__]  No

				
	
					
						﻿

					
					
						3.

					
					
						Has contract counterparty entered into a Repurchase Intercreditor Agreement with the Collateral Agent?

					
					
						[__] Yes

					
						[__]  No

				
	
					
						﻿

					
					
						4.

					
					
						Aggregate number of bushels of [insert type of Grain Inventory listed above] subject to the commodity repurchase agreements.

					
					
						_____ bushels

				
	
					
						﻿

					
					
						5.

					
					
						Initial selling price of [insert type of Grain Inventory listed above] subject to the commodity repurchase agreements.

					
					
						$[__________]

				
	
					
						﻿

					
					
						6.

					
					
						Locations of [insert type of Grain Inventory listed above] subject to the commodity repurchase agreements.

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						(a)

					
					
						[insert name of Location 1]

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						[(b)

					
					
						insert name of Location 2, if necessary]

					
					
						 

				
	
					
						﻿

					
					
						7.

					
					
						TOTAL INDEBTEDNESS FOR ALL COMMODITY REPURCHASE AGREEMENTS COVERING [INSERT TYPE OF GRAIN INVENTORY LISTED ABOVE]

					
					
						$[__________]

				
	
					
						[_].

					
					
						Type of Grain Inventory:

					
					
						[_____]

				
	
					
						﻿

					
					
						1.

					
					
						Name of contract counterparty with which Borrower has entered into commodity repurchase agreements.

					
					
						[_____]

				
	
					
						﻿

					
					
						2.

					
					
						Is contract counterparty an Approved Repurchase Contract Counterparty?

					
					
						[__] Yes

					
						[__]  No

				
	
					
						﻿

					
					
						3.

					
					
						Has contract counterparty entered into a Repurchase Intercreditor Agreement with the Collateral Agent?

					
					
						[__] Yes

					
						[__]  No

				
	
					
						﻿

					
					
						4.

					
					
						Aggregate number of bushels of [insert type of Grain Inventory listed above] subject to the commodity repurchase agreements.

					
					
						_____ bushels

				
	
					
						﻿

					
					
						5.

					
					
						Initial selling price of [insert type of Grain Inventory listed above] subject to the commodity repurchase agreements.

					
					
						$[__________]

				

		 

		

			

		

			 

		

		

			 

		

		

 

		

			 

		

			
					
						﻿

					
					
						6.

					
					
						Locations of [insert type of Grain Inventory listed above] subject to the commodity repurchase agreements.

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						(a)

					
					
						[insert name of Location I]

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						[(b)

					
					
						insert name of Location 2, if necessary]

					
					
						 

				
	
					
						﻿

					
					
						7.

					
					
						TOTAL INDEBTEDNESS FOR ALL COMMODITY REPURCHASE AGREEMENTS COVERING [INSERT TYPE OF GRAIN INVENTORY LISTED ABOVE]

					
					
						$[__________]

				
	
					
						﻿

					
					
						AGGREGATE AMOUNT OF INDEBTEDNESS FOR ALL COMMODITY REPURCHASE AGREEMENTS

					
					
						$[__________]

				
	
					
						﻿

					
					
						IS TEST PASSED (i.e., is A.7 plus [__].7 less than or equal to $50,000,000)?

					
					
						$[__________]

				

		
			﻿
		

		
			 
		

		

		

		 

		

			

		

			 

		

		

			 

		

		

 

		

			 

		

		Annex 6 to Compliance Certificate
		

		
			Long Term Capitalization Ratio Calculation
		

			
					
						1.

					
					
						Long-Term Indebtedness (excluding Indebtedness under the Credit Agreement)

					
					
						$__________

				
	
					
						2.

					
					
						Tangible Net Worth (Item 4 from Annex 1)

					
					
						$__________

				
	
					
						3.

					
					
						Long-Term Capitalization Ratio (1:1 + 2)

					
					
						__________:1

				
	
					
						﻿

					
					
						IS TEST PASSED (i.e., is 3 less than 0.40:1)?

					
					
						 

				

		
			*Supporting financial information to be attached.
		

		
			﻿
		

		
			﻿

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]