Letter Agreement to the Second Amended and Restated Revolving Credit Note dated October 29, 2021 by and among Southwest Iowa Renewable Energy, LLC, Farm Credit Services of America, FLCA, Farm Credit Services of America, PCA and CoBank, ACB

Contract Categories: Business Finance - Credit Agreements
EX-10.1 2 brhc10033530_ex10-1.htm EXHIBIT 10.1

Exhibit 10.1

6340 South Fiddlers Green Circle
Greenwood Village, CO 80111
800 ###-###-####
www.cobank.com

February 1, 2022

VIA REGULAR U.S. MAIL AND E-MAIL
Southwest Iowa Renewable Energy, LLC
10868 189th Street
Council Bluffs, IA 51503
Attn: Michael D. Jerke

RE: Southwest Iowa Renewable Energy, LLC
 
Dear Mr. Jerke:
 
Reference is made to that certain Second Amended and Restated Revolving Credit Note dated as of October 29, 2021 by Southwest Iowa Renewable Energy, LLC (the “Company”) to the order of Farm Credit Services of America, PCA (the “Note”). Capitalized terms not defined herein shall have the meanings set forth in the Note.
 
The Note is hereby amended by amending the Revolving Credit Facility Expiration Date set forth therein from “February 1, 2022” to “March 1, 2022”.

Except as specifically set forth herein, the Note shall remain in full force and effect as originally executed. Except for the specific amendment set forth herein, nothing herein shall be deemed to be an amendment of any provision contained in the Note and all such other provisions contained in the Note are hereby confirmed and ratified in all respects and shall remain in full force and effect in accordance with their respective terms.
 
It is important you keep this letter with your original loan documentation.

Sincerely,
Kathy Frahm
CoBank, ACB
Vice President
Agribusiness Banking Group

  Proud Member of the

  Farm Credit System


CONSENTED TO AND AGREED UPON BY:
 
   
COMPANY:
 
   
SOUTHWEST IOWA RENEWABLE ENERGY, LLC
 

By:
/s/ Michael D. Jerke    
Name:
Michael D. Jerke  
Title:
Chief Executive Officer
 

LENDER:
 
   
FARM CREDIT SERVICES OF AMERICA, PCA
 
   
By:
/s/ Brian Frevert
   
Name:
Brian Frevert
 
Title:
VP
 

FARM CREDIT SERVICES OF AMERICA, FLCA
 
   
By:
/s/ Brian Frevert
   
Name:
Brian Frevert

Title:
VP