On June 11, 2020, Heron Lake BioEnergy, LLC finalized an Amended and Restated Revolving Term Promissory Note to the Credit Agreement dated March 29, 2018 between the Company and Compeer Financial, FLCA. The Revolving Note amends, restates, replaces and supersedes the Amended and Restated Revolving Term Promissory Note dated as of January 7, 2020, between the Company and the Lender. Under the terms of the Revolving Note, the Company may borrow, repay, and reborrow up to the aggregate principal commitment amount of $13,000,000.00. Final payment of amounts borrowed under amended revolving term loan is due December 1, 2022. Interest on the Revolving Note accrues at a variable weekly rate equal to 3.35% above the higher of 0.00% or the rate reported at 11:00 a.m. London time for the offering of one-month U.S. dollars deposits, by Bloomberg Information Services on the first U.S. Banking Day in each week. Interest on amounts borrowed is payable monthly in arrears. The Company also agreed to pay an unused commitment fee on the unused available portion of the Revolving Note commitment at the rate of 0.500% per annum, payable monthly in arrears. Additionally, the Company agreed to pay a $5,000.00 loan origination fee in connection with the Revolving Note. The Company's obligations under the Revolving Note are secured as provided in the Credit Agreement. On June 11, 2020, the Company finalized an Amendment to the Credit Agreement between the Company and the Lender. The Amendment removes the exception to the restriction on the Company making loans or advances with respect to Agrinatural Gas, LLC. Additionally, the Amendment amends the Working Capital financial covenant, such that for the period beginning April 30, 2020 through December 31, 2020, the Company must maintain at least $8,000,000.00 in Working Capital, measured monthly on an unconsolidated basis. Beginning January 1, 2021, the Company must maintain at least $10,000,000.00 in Working Capital. The Amendment excludes capital leases in determining current liabilities. On June 19, 2020, the Company finalized a single advance term promissory note under the Credit Agreement with the Lender. On the terms and conditions set in the Credit Agreement and in the Note, the Lender agrees to make a single advance loan to the Company in an amount not to exceed $3,000,000.00. The purpose of the funds advanced pursuant to the Note is to finance the construction of a new grain bin and to provide a principal reduction on the Company's Amended and Restated Revolving Term Promissory Note. The Company will repay the unpaid principal balance of the Note in 10 consecutive, semi-annual installments, beginning on December 20, 2020. Final payment of the amount borrowed under the Note is due June 20, 2025. Interest on the Note accrues at a fixed rate equal to 3.80%. Interest on amounts borrowed is payable semi-annually in arrears. In the event of a default on the Note, interest would accrue at a variable weekly rate equal to 3.35% above the higher of 0.00% or the rate reported at 11:00 a.m. London time for the offering of one-month U.S. dollars deposits, by Bloomberg Information Services on the first U.S. Banking Day in each week, or at a fixed rate of 3.80% per annum. Additionally, the Company agreed to pay a $3,000.00 loan origination fee in connection with the Note. The Company's obligations under the Note are secured as provided in the Credit Agreement.