Item 1.01 Entry into Material Definitive Agreement

On June 24, 2022, Dakota Ethanol, LLC, the wholly owned subsidiary of the registrant (collectively, the "Company") entered into the Precedent Agreement West Leg 2023 Expansion between Northern Natural Gas Company and the Company (the "Agreement"). Pursuant to the Agreement, the Company will receive additional firm commitment natural gas transportation services. In order to secure these firm commitment natural gas transportation services, the Company agrees to pay Northern Natural Gas Company a contribution to the cost of constructing certain additional natural gas pipeline and storage facilities. The Company's contribution is estimated to be $8,890,000. For a period of five years, the Company is entitled to a firm natural gas commitment of 7,000 decatherms per day during the winter months, between November 1 and March 31 each year, and firm commitment of 4,340 decatherms per day during the summer months.

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