Effective September 21, 2022, Southwest Iowa Renewable Energy, LLC entered into Amendment No. 1 (the Amendment) to the First Amended and Restated Credit Agreement with Farm Credit Services of America, FLCA (FLCA), Farm Credit Services of America, PCA (PCA) and CoBank, ACB (CoBank) to amend the Company's existing Credit Agreement dated as of July 18, 2022 (the Credit Agreement). The Amendment amends and restates the Company's Second Amended and Restated Revolving Term Note dated July 18, 2022 (the Existing Revolving Term Note) in its entirety, replacing it with the Third Amended and Restated Revolving Term Note dated September 21, 2022, (the Restated Revolving Term Note).

The Restated Revolving Term Note extends the maturity date of the Existing Revolving Term Note to September 1, 2027. The Amendment also makes certain amendments to the Credit Agreement including the following: Amends the definition of Permitted Indebtedness to increase the aggregate principal amount of indebtedness the Company may incur to $5,000,000 (less the current balance of any Existing Indebtedness (as defined in the Credit Agreement)). Amends the negative covenant relating to the payment of dividends or other distributions to include the purchase, redemption, retirement or acquisition of the Company's units.

Increases the amount of payments the Company can make under its Operating Leases to $1,000,000. Except as in the Amendment and the Restated Revolving Term 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.