Highwater Ethanol, LLC, Compeer Financial, PCA and AgCountry FCS, PCA executed a Third Amendment to Second Amended and Restated Credit Agreement, which amends the Second Amended and Restated Credit Agreement dated January 22, 2016. The purpose of the Amendment was to provide that the monthly installment payments of principal and interest on the 2020 Term Loan will commence on January 1, 2021. AGREEMENT: NOW THEREFORE, in consideration of the premises herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows - Modification of Credit Agreement. As of the date of this Amendment - Section 2.025(e). Subsection 2.025(e) of the Credit Agreement is hereby amended and restated in its entirety as follows - Repayment of Term Loan. Beginning on January 1, 2021, and continuing on each Monthly Payment Date thereafter until the 2020 Term Loan Maturity Date, the Borrower shall pay to the Agent for the account of the Banks equal monthly principal installments of $250,000.00, plus all accrued interest on the 2020 Term Loan. The outstanding principal balance of the 2020 Term Loan, together with all accrued interest, if not paid sooner, shall be due and payable in full on the 2020 Term Loan Maturity Date. No Other Changes. Except as explicitly amended hereunder, all of the terms and conditions of the Credit Agreement and the other Loan Documents remain in full force and effect. Effect on Credit Agreement. Borrower hereby consents, acknowledges and agrees, to the amendments set forth herein and hereby confirms and ratifies in all respects the Credit Agreement and each other Loan Document to which it is a party (including, without limitation, the continuation of such Borrower's payment and performance obligations thereunder and the continuation and extension of the liens and security interests granted thereunder, in each case upon and after the effectiveness of this Amendment) and to the enforceability of each Loan Document against Borrower in accordance with its terms, except as may be limited by equitable principles relating to or limiting creditors' rights generally or by bankruptcy, insolvency, reorganization, moratorium or similar laws. The execution, delivery and effectiveness of this Amendment shall neither, except as expressly provided herein, operate as a waiver of any right, power or remedy of Agent or Banks, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments or agreements executed and delivered in connection therewith. Conditions Precedent to Effectiveness of this Amendment. The obligations of Agent and Banks hereunder are subject to the conditions precedent that Agent shall have received the following, in form and substance satisfactory to Agent.