SOUTH DAKOTA SOYBEAN PROCESSORS LLC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On March 2, 2023, we entered into an Amended and Restated Revolving Credit Promissory Note ("Restated Seasonal Note") with our lender, CoBank, ACB of Greenwood Village, Colorado. See Item 2.03, the text of which is herein incorporated by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On March 2, 2023, we entered into the Restated Seasonal Note with our lender, CoBank, ACB. Under the Restated Seasonal Note, the principal amount that we may borrow is increased from $75 million to $85 million until the loan's maturity on December 1, 2023.

All other material items and conditions under the Credit Agreement dated December 28, 2016, and subsequent amendments to such agreement, remain the same following the Restated Seasonal Note. The Restated Seasonal Note will be filed as an exhibit in our next periodic report.

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