SEC Contract Filing

Filing Date: 2020-08-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>thirdamendmenttoamendedand.htm
<DESCRIPTION>EXHIBIT 10.1 THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
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<div><a name="sa8231a35a438470bb7ed3729438ada0d"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Form 6342 (10-2015)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">This Third Amendment to Amended and Restated Credit Agreement (&#8220;Amendment&#8221;) is made and entered into</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">effective the </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">5th</font><font style="font-family:Arial;font-size:10pt;">&#32;day of </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">June, 2020,</font><font style="font-family:Arial;font-size:10pt;">&#32;by</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:Arial;font-size:10pt;">and between </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dakota Ethanol, L.L.C., a South Dakota limited liability company</font><font style="font-family:Arial;font-size:10pt;">&#32;(&#8220;Borrower&#8221;) and </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Farm Credit Services of America, PCA and Farm Credit Services of America, FLCA,</font><font style="font-family:Arial;font-size:10pt;">&#32;(each and collectively &#8220;Lender&#8221;) to amend and modify the Amended and Restated Credit Agreement dated February 2, 2018 (hereinafter referred to as the &#8220;Credit Agreement&#8221;). The Credit Agreement and underlying Loan Documents are modified only to the extent necessary to give effect to the terms of this Amendment, and the remaining terms of said Loan Documents, not otherwise inconsistent herewith, are ratified by the parties. Capitalized terms used but not otherwise defined herein have the respective meanings given to them in the Credit Agreement.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In consideration of the mutual agreements, provisions and covenants herein contained, and furthermore to induce Lender to consider financial accommodations for the Borrower under the terms and provisions of the Credit Agreement, the parties hereby agree as follows:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:41px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:17px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The following Definitions under Article 1 Definitions of the Credit Agreement is hereby amended to read as follows:</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:41px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#8220;Working Capital&#8221; shall mean current assets minus current liabilities (including all advances under Loan Facility A as a current liability). For purpose of determining the current assets, any amount available under Loan Facility B hereto may be included as a current asset. For purposes of determining current liabilities, the current maturities of long-term debt will not be included as a current liability.</font></div><div style="line-height:120%;text-align:justify;padding-left:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:41px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:17px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bo