South Dakota Soybean Processors LLC Sample Contracts

ARTICLE 2: TERM
Lease Agreement • March 14th, 2002 • Soybean Processors LLC • Agricultural services • Texas
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WITNESSETH:
Purchase Agreement • March 14th, 2002 • Soybean Processors LLC • Agricultural services • Tennessee
WITNESSETH:
Purchase Agreement • May 10th, 2002 • Soybean Processors LLC • Agricultural services • Tennessee
FORM OF MORTGAGE - COLLATERAL REAL ESTATE MORTGAGE - SOUTH DAKOTA
Security Agreement • December 21st, 2001 • Soybean Processors LLC • South Dakota
AMENDED AND RESTATED OPERATING AGREEMENT OF SOUTH DAKOTA SOYBEAN PROCESSORS, LLC
Operating Agreement • June 23rd, 2022 • South Dakota Soybean Processors LLC • Fats & oils • Minnesota

This Amended and Restated Operating Agreement of South Dakota Soybean Processors, LLC, dated as of June 21, 2022, is executed and agreed to, for good and valuable consideration, by the Company (as defined below) and its Members (as defined below). This Amended and Restated Operating Agreement amends and restates the Amended and Restated Operating Agreement dated June 17, 2017.

SECURITY AGREEMENT
Security Agreement • August 16th, 2004 • South Dakota Soybean Processors LLC • Agricultural services • Colorado

THIS SECURITY AGREEMENT is executed and delivered by SOUTH DAKOTA SOYBEAN PROCESSORS, LLC (the “Debtor”), a South Dakota limited liability company, having its place of business (or chief executive office if more than one place of business) located at 100 Caspian Avenue, Volga, South Dakota 57071, and whose taxpayer identification number is 46-0462968, to CoBank, ACB (the “Secured Party”), a federally chartered instrumentality of the United States, whose mailing address is P.O. Box 5110, Denver, Colorado 80217.

MONITORED REVOLVING CREDIT SUPPLEMENT
South Dakota Soybean Processors LLC • May 12th, 2016 • Fats & oils

THIS SUPPLEMENT to the Master Loan Agreement dated March 19, 2012 (the “MLA”), is entered into as of ______________________, 2016 between CoBANK, ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the “Company”), and amends and restates the Supplement dated October 1, 2015 and numbered RIB051S01W.

AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE
South Dakota Soybean Processors LLC • May 14th, 2021 • Fats & oils

THIS AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement dated December 28, 2016 (such agreement, as may be amended, hereinafter referred to as the “Credit Agreement”), is entered into as of April 30, 2021 between COBANK, ACB, a federally-chartered instrumentality of the United States (“Lender”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota, a limited liability company (together with its permitted successors and assigns, the “Borrower”). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

WITNESSETH:
Soybean Processors LLC • December 21st, 2001
EMPLOYMENT AGREEMENT
Employment Agreement • January 2nd, 2020 • South Dakota Soybean Processors LLC • Fats & oils • South Dakota

This Employment Agreement is made and entered into this 1st day of January, 2020, by and between South Dakota Soybean Processors, LLC, a South Dakota limited liability company ("SDSP"), and Thomas J. Kersting ("Employee").

REVOLVING TERM LOAN SUPPLEMENT
South Dakota Soybean Processors LLC • November 21st, 2011 • Fats & oils

THIS SUPPLEMENT to the Master Loan Agreement dated May 3, 2010 (the "MLA"), is entered into as of November 10, 2011 between CoBANK, ACB ("CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the "Company"), and amends and restates the Supplement dated May 12, 2011 and numbered RIB051T05H.

AMENDED AND RESTATED CREDIT AGREEMENT
Credit Agreement • September 22nd, 2023 • South Dakota Soybean Processors LLC • Fats & oils • Colorado

THIS AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of September 20, 2023 is entered into by and between SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota, a limited liability company (the “Borrower”), and COBANK, ACB, a federally-chartered instrumentality of the United States (“Lender”).

AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE
South Dakota Soybean Processors LLC • March 30th, 2023 • Fats & oils

THIS AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement dated December 28, 2016 (such agreement, as may be amended, hereinafter referred to as the “Credit Agreement”), is entered into as of March 2, 2023 between COBANK, ACB, a federally-chartered instrumentality of the United States (“Lender”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota, a limited liability company (together with its permitted successors and assigns, the “Borrower”). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

MASTER LOAN AGREEMENT
Master Loan Agreement • March 16th, 2012 • South Dakota Soybean Processors LLC • Fats & oils • Colorado

THIS MASTER LOAN AGREEMENT is entered into as of March 14, 2012 between CoBANK, ACB ("CoBank") and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the "Company").

EMPLOYMENT AGREEMENT
Employment Agreement • January 4th, 2023 • South Dakota Soybean Processors LLC • Fats & oils • South Dakota

This Employment Agreement is made and entered into this 1st day January, 2023, by and between South Dakota Soybean Processors, LLC, a South Dakota limited liability company ("SDSP"), and Thomas J. Kersting ("Employee").

TERMINAL AGREEMENT
Terminal Agreement • December 21st, 2001 • Soybean Processors LLC
EMPLOYMENT AGREEMENT
Employment Agreement • May 14th, 2008 • South Dakota Soybean Processors LLC • Agricultural services • South Dakota

This Employment Agreement is effective the 1st day of February, 2008, between South Dakota Soybean Processors, LLC, a South Dakota limited liability company, and Rodney G. Christianson (“Employee”).

STATUSED REVOLVING CREDIT SUPPLEMENT
South Dakota Soybean Processors LLC • March 31st, 2008 • Agricultural services

THIS SUPPLEMENT to the Master Loan Agreement dated October 6, 2005 (the “MLA”), is entered into as of December 28, 2007, between CoBANK, ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the “Company”), and amends and restates the Supplement dated October 10, 2007 and numbered RIB051SO1G.

REVOLVING CREDIT SUPPLEMENT Letter of Credit
South Dakota Soybean Processors LLC • August 16th, 2010 • Fats & oils

THIS SUPPLEMENT to the Master Loan Agreement dated May 3, 2010 (the “MLA”), is entered into as of August 12, 2010 between CoBANK, ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the “Company”), and amends and restates the Supplement dated May 3, 2010 and numbered RIBO51TO6C.

MONITORED REVOLVING CREDIT SUPPLEMENT
South Dakota Soybean Processors LLC • November 10th, 2010 • Fats & oils

THIS SUPPLEMENT to the Master Loan Agreement dated May 3. 2010 (the “MLA”), is entered into as of October 14, 2010 between CoBANK, ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the “Company”), and amends and restates the Supplement dated August 12, 2010 and numbered RIB051S01L.

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STATUSED REVOLVING CREDIT SUPPLEMENT
South Dakota Soybean Processors LLC • August 7th, 2008 • Fats & oils

THIS SUPPLEMENT to the Master Loan Agreement dated October 6, 2005 (the “MLA”), is entered into as of July 17, 2008 between CoBANK, ACU (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, Smith Dakota (the “Company”), and amends and restates the Supplement dated June 23, 2008 and numbered RIBO51 SOIF.

AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE
South Dakota Soybean Processors LLC • March 18th, 2020 • Fats & oils

THIS AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE (this "Promissory Note") to the Credit Agreement dated December 28, 2016 (such agreement, as may be amended, hereinafter referred to as the "Credit Agreement"), is entered into as of January 28, 2020 between COBANK, ACB, a federally-chartered instrumentality of the United States ("Lender") and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota, a limited liability company (together with its permitted successors and assigns, the "Borrower"). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

MONITORED REVOLVING CREDIT SUPPLEMENT
Supplement • May 18th, 2011 • South Dakota Soybean Processors LLC • Fats & oils

THIS SUPPLEMENT to the Master Loan Agreement dated May 3, 2010 (the "MLA"), is entered into as of May 12, 2011 between CoBANK, ACB ("CoBank") and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the "Company"), and amends and restates the Supplement dated October 14, 2010 and numbered RIB051SO1M.

AMENDED AND RESTATED REVOLVING TERM PROMISSORY NOTE
South Dakota Soybean Processors LLC • March 18th, 2020 • Fats & oils

THIS AMENDED AND RESTATED REVOLVING TERM PROMISSORY NOTE (this "Promissory Note") to the Credit Agreement dated December 28, 2016 (such agreement, as may be amended, hereinafter referred to as the "Credit Agreement"), is entered into as of January 28, 2020 between COBANK, ACB, a federally-chartered instrumentality of the United States ("Lender") and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota, a limited liability company (together with its permitted successors and assigns, the "Borrower"). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

MULTIPLE ADVANCE TERM PROMISSORY NOTE
South Dakota Soybean Processors LLC • September 22nd, 2023 • Fats & oils

THIS MULTIPLE ADVANCE TERM PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement dated September 20, 2023 (such agreement, as may be amended, hereinafter referred to as the “Credit Agreement”), is entered into as of September 20, 2023 between COBANK, ACB, a federally-chartered instrumentality of the United States (“Lender”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota, a limited liability company (together with its permitted successors and assigns, the “Borrower”). Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

REVOLVING TERM LOAN SUPPLEMENT
Revolving Term Loan Supplement • August 16th, 2004 • South Dakota Soybean Processors LLC • Agricultural services

THIS SUPPLEMENT to the Master Loan Agreement dated June 17, 2004 (the “MLA”), is entered into as of June 17, 2004 between CoBANK, ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, VOLGA, SOUTH DAKOTA (the “Company”), and amends and restates the Supplement dated February 26, 2002 and numbered BO5IT05D executed by South Dakota Soybean Processors and assumed by the Company.

RECITALS:
Services and Management Agreement • December 21st, 2001 • Soybean Processors LLC • South Dakota
MASTER LOAN AGREEMENT
Master Loan Agreement • August 16th, 2004 • South Dakota Soybean Processors LLC • Agricultural services • Colorado

THIS MASTER LOAN AGREEMENT is entered into as of June 17, 2004, between CoBANK ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the “Company”).

REVOLVING TERM LOAN SUPPLEMENT
Supplement • November 14th, 2012 • South Dakota Soybean Processors LLC • Fats & oils

THIS SUPPLEMENT to the Master Loan Agreement dated March 19,2012 (the "MLA"), is entered into as of October 4, 2012 between CoBANK, ACB ("CoBank") and SOUTH DAKOT A SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the "Company"), and amends and restates the Supplement dated November 10,2011 and numbered RIB051T051.

AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • March 21st, 2018 • South Dakota Soybean Processors LLC • Fats & oils

THIS AMENDMENT is entered into as of February 27, 2018, between SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota, a limited liability company (the “Borrower”), and COBANK, ACB, a federally-chartered instrumentality of the United States (“Lender”). Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Agreement (as defined below).

STATUSED REVOLVING CREDIT SUPPLEMENT
South Dakota Soybean Processors LLC • August 14th, 2007 • Agricultural services

THIS SUPPLEMENT to the Master Loan Agreement dated October 6, 2005 (then “MLA”), is entered into as of June 6. 2007, between CoBANK, ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the “Company”), and amends and restates the Supplement dated August 29, 2006, and numbered RIB051S01A.

MASTER LOAN AGREEMENT
Master Loan Agreement • August 14th, 2015 • South Dakota Soybean Processors LLC • Fats & oils

THIS AMENDMENT is entered into as of July 16, 2015, between CoBANK, ACB ("CoBank") and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the "Company").

Amendment No. RIB051B AMENDMENT TO THE MASTER LOAN AGREEMENT
Master Loan Agreement • November 14th, 2007 • South Dakota Soybean Processors LLC • Agricultural services

THIS AMENDMENT is entered into as of October 10, 2007, between CoBANK, ACB (“CoBank”) and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota (the “Company”).

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