On September 26, 2019, Granite Falls Energy, LLC (the Company) finalized Amendment No. 5 (the Amendment) to its Ethanol Marketing Agreement (the Marketing Agreement) with Eco-Energy LLC (Eco-Energy). The Amendment provides for an extension of the term of the Marketing Agreement through December 31, 2020, with automatic renewals for additional consecutive terms of one year unless either party provides written notice to the other party at least three months prior to the end of the term or the renewal term. Under the Marketing Agreement, as amended by the Amendment, Eco-Energy will continue to purchase the entire ethanol output of the Companys Granite Falls, Minnesota, ethanol production plant. The Amendment also provides for certain negotiated changes to the marketing fees payable to Eco-Energy and payment terms under the Marketing Agreement, effective as of October 1, 2019.