Effective February 25, 2022, Southwest Iowa Renewable Energy, LLC entered into Amendment No. 8 to the Credit Agreement with Farm Credit Services of America, FLCA, Farm Credit Services of America, PCA and CoBank, ACB, to amend the Company's existing Credit Agreement dated as of June 24, 2014, as amended by Amendment No. 1 dated as of February 11, 2015, Amendment No.

2 dated as of February 11, 2015, Amendment No. 3 dated as of January 25, 2016, Amendment No. 4 dated as of November 14, 2019, Amendment No.

5 dated as of February 26, 2021, Amendment No. 6 dated as of July 30, 2021, and Amendment No. 7 dated as of October 29, 2021.

The Eighth Amendment amends and restates the Company's Second Amended and Restated Revolving Credit Note dated as of October 29, 2021 as amended by that certain letter agreement between the parties dated February 1, 2022 (the Existing Revolving Credit Note) in its entirety, replacing it with the Third Amended and Restated Revolving Credit Note dated as of February 25, 2022 (the Restated Revolving Credit Note). The Restated Revolving Credit Note extends the maturity date of the Existing Revolving Credit Note to February 1, 2023. Additionally, the Restated Revolving Credit Note provides that all borrowings thereunder shall bear interest at the Daily Simple SOFR Rate plus a spread equal to 3.45% per annum.

The Daily Simple SOFR Rate itself is calculated, in part, based upon the greater of a floor of 0.00% and the Secured Overnight Financing Rate, as established by the Federal Reserve Bank of New York (or a successor establisher of such rate) from time to time (SOFR). Previously, borrowings under the Existing Revolving Credit Note bore interest at a LIBOR index rate plus a spread equal to 3.40% per annum. The Eighth Amendment also makes certain amendments to the Credit Agreement to clarify the applicability of certain interest rates to various advances or borrowings under the Credit Agreement, as well as to clarify the method pursuant to which borrowings thereunder may transition from LIBOR indexed interest rates to SOFR indexed interest rates in the future.

As amended, any protective advances made under the Credit Agreement will bear interest at the Daily Simple SOFR Rate plus an applicable spread. Moreover, at such time as LIBOR tenors cease to be provided, LIBOR becomes unrepresentative of the underlying measures it purports to represent, or CoBank elects to transition the Credit Agreement and associated borrowings away from LIBOR, the Company's borrowings under the Credit Agreement and related notes shall begin to bear interest at one or more SOFR indexed interest rates determined in accordance with the terms of the Credit Agreement. In connection with such a transition, CoBank is permitted to make certain conforming changes to the Credit Agreements and related notes, provided that it must give the Company notice of such transition and such changes.

Except as set forth in the Eighth Amendment and the Restated Revolving Credit Note, all other terms of the Credit Agreement remain in full force and effect. The credit facility continues to be secured by substantially all of the Company's assets.