The Company has an ethanol marketing agreement with a marketer (RPMG) to purchase, market, and distribute the ethanol produced by the Company. Based on the terms of the marketing agreement, RPMG will use commercially reasonable efforts to obtain the best price for all ethanol sold subject to the terms of the marketing agreement. RPMG shall have discretion to fix the price, terms and conditions of the sale of ethanol that is sold and marketed as Indexed Gallons. The Company also entered into a member control agreement with the marketer whereby the Company made capital contributions and became a minority owner of the marketer. The member control agreement became effective on February 1, 2011 and provides the Company a membership interest with voting rights. The marketing agreement will terminate if the Company ceases to be a member. The Company will assume certain of the member’s rail car leases if the agreement is terminated. The Company can sell its ethanol either through an index arrangement or at an agreed upon fixed price. The marketing agreement is perpetual until terminated according to the agreement. The Company may be obligated to continue to market its ethanol through the marketer for a period of time. The amended agreement requires minimum capital amounts invested as required under the agreement.

The Company has a distillers grains marketing agreement with a marketer (RPMG) to purchase and market all of the distillers grains produced at the plant beginning January 1, 2023. The Company pays a fee to the marketer to market distillers grains to third party end purchasers and the Company reimburses the marketer for certain charges paid to third parties. The marketer must market the distillers grains using commercially reasonable efforts and endeavor to maximize price and minimize freight and other costs but does not guarantee the price that will be obtained from the sale. Following an initial term, the agreement will be automatically extended for additional terms unless either party gives proper notice of non-extension.

The Company has a crude corn oil marketing agreement with a marketer (RPMG) to market and distribute all corn oil to be produced at the plant for an initial term. Under the agreement, the Company must provide estimates of production and inventory of corn oil. The marketer may execute sales contracts with buyers for future delivery of corn oil. The Company receives a percentage of the F.O.B. sale price less a marketing fee, actual freight and transportation costs and certain taxes and

other charges related to the purchase, delivery or sale. The Company is required to provide corn oil meeting certain specifications as provided in the agreement and the agreement provides for a process for rejection of nonconforming corn oil. The agreement automatically renews for successive terms unless terminated in accordance with the agreement.

The Company entered into an agreement with an unrelated third party to construct an additional fermentation tank which is expected to increase efficiencies. The construction is expected to commence in September 2026 and be completed in July 2027 at an approximate cost of $3,100,000, to be funded from operations and existing debt facilities, and is dependent on approval of our air permit application to the Minnesota Pollution Control Agency.

The Company also entered into an agreement with an unrelated third party to construct a DEER System which is expected to increase efficiencies. The construction is expected to commence in September 2026 and be completed in July 2027 at an approximate cost of $9,000,000, to be funded from operations and existing debt facilities.

On May 29, 2026, the Company entered into an agreement and closed on the sale of $14,307,388 worth of 2025 tax credits associated with the U.S. federal clean fuel production incentives under Section 45Z of the Internal Revenue Code with respect to the Company's ethanol plant for the 2025 calendar year. The agreement required the Company to comply with certain conditions as set forth in the agreement including confirmation of tax eligibility and compliance requirements and delivery of a bound tax credit insurance policy. In addition, the buyer has a right of first refusal through January 31, 2027 on up to $14,000,000 per year of 2026-2029 45Z tax credits on the same terms as set forth in the agreement. The agreement may be terminated by mutual consent or by the non-defaulting party upon breach of the agreement. The agreement includes certain customary representations, warranties, covenants, and confidentiality provisions.


	Quantity	Average Price		Date Delivery Through

Purchase of corn (in bushels):
Basis contracts	1,856,099			3/31/28
Priced contracts	3,567,326	$	4.40	5/31/28
Total	5,423,425

Purchase of natural gas (in dekatherms):
Basis contracts	151,000			3/31/27
Priced contracts	2,047,900	$	3.39	10/31/29
Total	2,198,900





Purchase of denaturant (in gallons)
Price contracts	294,400	$	1.68	9/30/26
Total	294,400

Sales of dry distillers grains (in tons):
Priced contracts	15,575	$	131.86	11/30/26
Total	15,575

Sales of modified distillers grains (in tons)
Priced contracts	1,700	$	72.00	9/30/26
Total	1,700

Sales of corn oil (in pounds)
Priced contracts	7,569,200	$	0.77	1/31/27
Total	7,569,200