Effective July 18, 2022, Southwest Iowa Renewable Energy, LLC (the Company), Farm Credit Services of America, FLCA, Farm Credit Services of America, PCA and CoBank, ACB, entered into the First Amendment and Restated Credit Agreement which amends and restates 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, Amendment No. 7 dated as of October 29, 2021 and Amendment No. 8 dated February 25, 2022.

The Restated Credit Agreement amends and restates the Original Credit Agreement to incorporate all of the prior amendments to the Original Credit Agreement into the Restated Credit Agreement. The credit facility continues to be secured by substantially all of the Company's assets. The Restated Credit Agreement also made the following key modifications: The Second Amended and Restated Term Note dated February 26, 2021 (the Existing Term Note) was replaced in its entirety by the Third Amended and Restated Term Note dated July 18, 2022 (the Restated Term Note).

The Restated Term Note was amended to provide for a maximum principal amount of $18,750,000 and for all borrowings thereunder to bear interest at a rate selected by the Company equal to either the Daily Simple SOFR Rate plus a spread equal to 3.25% per annum, or a Quoted Rate Option (the a fixed rate per annum quoted to the Company by Agent to be applicable for a period determined by CoBank), the Quoted Rate with such Quoted Rate to remain fixed for such period as is confirmed to the Company by CoBank. 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). All other terms of the Existing Term Note remain in full force and effect including the maturity date of November 15, 2024.

The First Amended and Restated Revolving Term Note dated November 8, 2019 (the Existing Revolving Term Note) was replaced in its entirety by the Second Amended and Restated Revolving Term Note dated July 18, 2022 (the Restated Revolving Term Note). The Restated Revolving Term Note continues to provide for a maximum principal amount of $18,750,000 but was amended to provide for all borrowings thereunder to bear interest at a rate selected by the Company equal to either the Daily Simple SOFR Rate plus a spread equal to 3.25% per annum, or a Quoted Rate Option (the a fixed rate per annum quoted to the Company by Agent to be applicable for a period determined by CoBank), the Quoted Rate with such Quoted Rate to remain fixed for such period as is confirmed to the Company by CoBank. The full amount of the Restated Revolving Term Note continues to remain available on a revolving basis from time to time through maturity which maturity date remains November 15, 2024.

All other terms of the Existing Revolving Term Note remain in full force and effect. The Third Amended and Restated Revolving Credit Note dated February 25, 2022 (the Existing Revolving Credit Note) was replaced in its entirety by the Fourth Amended and Restated Revolving Term Note dated July 18, 2022 (the Restated Revolving Credit Note). The Restated Revolving Credit Note continues to provide for a maximum principal amount of $10,000,000 and that all borrowings thereunder bear interest at a rate equal to the Daily Simple SOFR Rate plus a spread; however, the spread was decreased from 3.45% per annum to 3.10% per annum.

All other terms of the Existing Revolving Credit Note remain in full force and effect including the maturity date of February 1, 2023.