[sheet: Cover]

Field	Value
Document Title	Accrued Interest Calculation — Unpaid Invoices
Matter	Greenfield Agricultural Partners LLC v. Prairie Basin Grain Co.
C&H Matter No.	1020-00005
Cook County Case No.	2022-L-004831
Receivership Case No.	2022-CH-001247 (Circuit Court of Sangamon County, Illinois)
Prepared By	Patrick Gallagher, Associate / Diane K. Velasquez, Senior Litigation Paralegal
Firm	Calderwood & Harkness LLP
Firm Address	225 West Wacker Drive, Suite 4000, Chicago, IL 60606
Client	Greenfield Agricultural Partners LLC
Client Address	1400 Grand Prairie Boulevard, Suite 800, Des Moines, IA 50309
Debtor	Prairie Basin Grain Co.
Debtor Address	4520 Harvest Road, Champaign, IL 61820
Governing Agreement	Master Grain Purchase and Off-Take Agreement dated March 15, 2019
Contractual Interest Rate	1.5% per month (18% per annum) — Section 7.3
Calculation Period End Date	December 31, 2022
Date Prepared	January 2023
Purpose	Supporting Exhibit to Proof of Claim filed in receivership proceeding, Sangamon County Case No. 2022-CH-001247

[sheet: Invoice Summary]

Invoice No.	Invoice Date	Commodity	Bushels	Unit Price ($/bu)	Invoice Amount	Payment Terms	Due Date	Days Overdue as of 12/31/2022
GAP-2021-3187	09/28/2021	#2 Yellow Corn	150,000	$5.95	$892,500.00	Net 30	10/28/2021	430
GAP-2021-3244	10/15/2021	#1 Yellow Soybeans	75,000	$12.49	$936,750.00	Net 30	11/14/2021	413
GAP-2021-3301	11/12/2021	#2 Yellow Corn	200,000	$6.12	$1,224,000.00	Net 30	12/12/2021	385
GAP-2021-3358	12/08/2021	#2 Yellow Corn	120,000	$6.18	$741,600.00	Net 30	01/07/2022	359
GAP-2022-0042	01/19/2022	#1 Yellow Soybeans	80,000	$13.44	$1,075,200.00	Net 30	02/18/2022	317
TOTALS	625,000	$4,870,050.00

[sheet: Interest Calculation Detail]

Invoice No.	Principal Amount	Due Date	Calculation End Date	Days from Due Date to End Date	Months Elapsed	Monthly Interest Rate	Annual Interest Rate	Accrued Interest	Total Due (Principal + Interest)
GAP-2021-3187	$892,500.00	10/28/2021	12/31/2022	430	14.13	1.5%	18%	$189,222.19	$1,081,722.19
GAP-2021-3244	$936,750.00	11/14/2021	12/31/2022	413	13.57	1.5%	18%	$190,622.78	$1,127,372.78
GAP-2021-3301	$1,224,000.00	12/12/2021	12/31/2022	385	12.66	1.5%	18%	$232,279.20	$1,456,279.20
GAP-2021-3358	$741,600.00	01/07/2022	12/31/2022	359	11.80	1.5%	18%	$131,263.20	$872,863.20
GAP-2022-0042	$1,075,200.00	02/18/2022	12/31/2022	317	10.42	1.5%	18%	$168,056.28	$1,243,256.28
TOTALS	$4,870,050.00	$911,443.65	$5,781,493.65

[sheet: Interest Calc — Monthly Basis]

Invoice No.	Principal Amount	Due Date	Calculation End Date	Whole Months	Partial Month Days / Days in Partial Month	Partial Month Fraction	Total Months for Interest	Monthly Rate	Accrued Interest	Total Due
GAP-2021-3187	$892,500.00	10/28/2021	12/31/2022	14	3/31	0.0968	14.10	1.5%	$188,698.88	$1,081,198.88
GAP-2021-3244	$936,750.00	11/14/2021	12/31/2022	13	17/31	0.5484	13.55	1.5%	$190,459.31	$1,127,209.31
GAP-2021-3301	$1,224,000.00	12/12/2021	12/31/2022	12	19/31	0.6129	12.61	1.5%	$231,517.80	$1,455,517.80
GAP-2021-3358	$741,600.00	01/07/2022	12/31/2022	11	24/31	0.7742	11.77	1.5%	$130,957.32	$872,557.32
GAP-2022-0042	$1,075,200.00	02/18/2022	12/31/2022	10	13/31	0.4194	10.42	1.5%	$168,026.16	$1,243,226.16
TOTALS	$4,870,050.00	$909,659.47	$5,779,709.47

[sheet: Interest at Filing Date]

Invoice No.	Principal Amount	Due Date	Filing Date	Months Elapsed	Monthly Rate	Accrued Interest through 5/9/2022
GAP-2021-3187	$892,500.00	10/28/2021	05/09/2022	6.37	1.5%	$85,286.63
GAP-2021-3244	$936,750.00	11/14/2021	05/09/2022	5.83	1.5%	$81,920.21
GAP-2021-3301	$1,224,000.00	12/12/2021	05/09/2022	4.90	1.5%	$89,964.00
GAP-2021-3358	$741,600.00	01/07/2022	05/09/2022	4.07	1.5%	$45,274.68
GAP-2022-0042	$1,075,200.00	02/18/2022	05/09/2022	2.70	1.5%	$43,545.60
TOTALS	$4,870,050.00	$345,991.12

[sheet: Claim Summary]

Claim Component	Amount	Notes
Principal — Unpaid Invoices (5 invoices)	$4,870,050.00	Invoices GAP-2021-3187, GAP-2021-3244, GAP-2021-3301, GAP-2021-3358, GAP-2022-0042
Accrued Interest through 12/31/2022	$492,341.00	Calculated at 1.5%/month per § 7.3 of Off-Take Agreement dated 3/15/2019
Subtotal — Principal and Interest	$5,362,391.00
Attorneys' Fees (Calderwood & Harkness LLP)	$287,415.50	Professional fees through 1/31/2023; recoverable under § 12.4 of Off-Take Agreement
Costs and Disbursements	$14,622.35	Filing fees, service of process, court reporter fees, legal research charges
Subtotal — Attorneys' Fees and Costs	$302,037.85
TOTAL RECEIVERSHIP CLAIM	$5,664,428.85	Filed 1/30/2023 in Sangamon County Case No. 2022-CH-001247; unsecured claim
Musgrave Personal Guaranty (separate claim)	$2,000,000.00	Capped at $2,000,000 per Exhibit D to Off-Take Agreement; claim preserved

[sheet: Cover]
Field | Value
Document Title | Accrued Interest Calculation — Unpaid Invoices
Matter | Greenfield Agricultural Partners LLC v. Prairie Basin Grain Co.
C&H Matter No. | 1020-00005
Cook County Case No. | 2022-L-004831
Receivership Case No. | 2022-CH-001247 (Circuit Court of Sangamon County, Illinois)
Prepared By | Patrick Gallagher, Associate / Diane K. Velasquez, Senior Litigation Paralegal
Firm | Calderwood & Harkness LLP
Firm Address | 225 West Wacker Drive, Suite 4000, Chicago, IL 60606
Client | Greenfield Agricultural Partners LLC
Client Address | 1400 Grand Prairie Boulevard, Suite 800, Des Moines, IA 50309
Debtor | Prairie Basin Grain Co.
Debtor Address | 4520 Harvest Road, Champaign, IL 61820
Governing Agreement | Master Grain Purchase and Off-Take Agreement dated March 15, 2019
Contractual Interest Rate | 1.5% per month (18% per annum) — Section 7.3
Calculation Period End Date | December 31, 2022
Date Prepared | January 2023
Purpose | Supporting Exhibit to Proof of Claim filed in receivership proceeding, Sangamon County Case No. 2022-CH-001247
[sheet: Invoice Summary]
Invoice No. | Invoice Date | Commodity | Bushels | Unit Price ($/bu) | Invoice Amount | Payment Terms | Due Date | Days Overdue as of 12/31/2022
GAP-2021-3187 | 09/28/2021 | #2 Yellow Corn | 150,000 | $5.95 | $892,500.00 | Net 30 | 10/28/2021 | 430
GAP-2021-3244 | 10/15/2021 | #1 Yellow Soybeans | 75,000 | $12.49 | $936,750.00 | Net 30 | 11/14/2021 | 413
GAP-2021-3301 | 11/12/2021 | #2 Yellow Corn | 200,000 | $6.12 | $1,224,000.00 | Net 30 | 12/12/2021 | 385
GAP-2021-3358 | 12/08/2021 | #2 Yellow Corn | 120,000 | $6.18 | $741,600.00 | Net 30 | 01/07/2022 | 359
GAP-2022-0042 | 01/19/2022 | #1 Yellow Soybeans | 80,000 | $13.44 | $1,075,200.00 | Net 30 | 02/18/2022 | 317
TOTALS | 625,000 | $4,870,050.00
[sheet: Interest Calculation Detail]
Invoice No. | Principal Amount | Due Date | Calculation End Date | Days from Due Date to End Date | Months Elapsed | Monthly Interest Rate | Annual Interest Rate | Accrued Interest | Total Due (Principal + Interest)
GAP-2021-3187 | $892,500.00 | 10/28/2021 | 12/31/2022 | 430 | 14.13 | 1.5% | 18% | $189,222.19 | $1,081,722.19
GAP-2021-3244 | $936,750.00 | 11/14/2021 | 12/31/2022 | 413 | 13.57 | 1.5% | 18% | $190,622.78 | $1,127,372.78
GAP-2021-3301 | $1,224,000.00 | 12/12/2021 | 12/31/2022 | 385 | 12.66 | 1.5% | 18% | $232,279.20 | $1,456,279.20
GAP-2021-3358 | $741,600.00 | 01/07/2022 | 12/31/2022 | 359 | 11.80 | 1.5% | 18% | $131,263.20 | $872,863.20
GAP-2022-0042 | $1,075,200.00 | 02/18/2022 | 12/31/2022 | 317 | 10.42 | 1.5% | 18% | $168,056.28 | $1,243,256.28
TOTALS | $4,870,050.00 | $911,443.65 | $5,781,493.65
[sheet: Interest Calc — Monthly Basis]
Invoice No. | Principal Amount | Due Date | Calculation End Date | Whole Months | Partial Month Days / Days in Partial Month | Partial Month Fraction | Total Months for Interest | Monthly Rate | Accrued Interest | Total Due
GAP-2021-3187 | $892,500.00 | 10/28/2021 | 12/31/2022 | 14 | 3/31 | 0.0968 | 14.10 | 1.5% | $188,698.88 | $1,081,198.88
GAP-2021-3244 | $936,750.00 | 11/14/2021 | 12/31/2022 | 13 | 17/31 | 0.5484 | 13.55 | 1.5% | $190,459.31 | $1,127,209.31
GAP-2021-3301 | $1,224,000.00 | 12/12/2021 | 12/31/2022 | 12 | 19/31 | 0.6129 | 12.61 | 1.5% | $231,517.80 | $1,455,517.80
GAP-2021-3358 | $741,600.00 | 01/07/2022 | 12/31/2022 | 11 | 24/31 | 0.7742 | 11.77 | 1.5% | $130,957.32 | $872,557.32
GAP-2022-0042 | $1,075,200.00 | 02/18/2022 | 12/31/2022 | 10 | 13/31 | 0.4194 | 10.42 | 1.5% | $168,026.16 | $1,243,226.16
TOTALS | $4,870,050.00 | $909,659.47 | $5,779,709.47
[sheet: Interest at Filing Date]
Invoice No. | Principal Amount | Due Date | Filing Date | Months Elapsed | Monthly Rate | Accrued Interest through 5/9/2022
GAP-2021-3187 | $892,500.00 | 10/28/2021 | 05/09/2022 | 6.37 | 1.5% | $85,286.63
GAP-2021-3244 | $936,750.00 | 11/14/2021 | 05/09/2022 | 5.83 | 1.5% | $81,920.21
GAP-2021-3301 | $1,224,000.00 | 12/12/2021 | 05/09/2022 | 4.90 | 1.5% | $89,964.00
GAP-2021-3358 | $741,600.00 | 01/07/2022 | 05/09/2022 | 4.07 | 1.5% | $45,274.68
GAP-2022-0042 | $1,075,200.00 | 02/18/2022 | 05/09/2022 | 2.70 | 1.5% | $43,545.60
TOTALS | $4,870,050.00 | $345,991.12
[sheet: Claim Summary]
Claim Component | Amount | Notes
Principal — Unpaid Invoices (5 invoices) | $4,870,050.00 | Invoices GAP-2021-3187, GAP-2021-3244, GAP-2021-3301, GAP-2021-3358, GAP-2022-0042
Accrued Interest through 12/31/2022 | $492,341.00 | Calculated at 1.5%/month per § 7.3 of Off-Take Agreement dated 3/15/2019
Subtotal — Principal and Interest | $5,362,391.00
Attorneys' Fees (Calderwood & Harkness LLP) | $287,415.50 | Professional fees through 1/31/2023; recoverable under § 12.4 of Off-Take Agreement
Costs and Disbursements | $14,622.35 | Filing fees, service of process, court reporter fees, legal research charges
Subtotal — Attorneys' Fees and Costs | $302,037.85
TOTAL RECEIVERSHIP CLAIM | $5,664,428.85 | Filed 1/30/2023 in Sangamon County Case No. 2022-CH-001247; unsecured claim
Musgrave Personal Guaranty (separate claim) | $2,000,000.00 | Capped at $2,000,000 per Exhibit D to Off-Take Agreement; claim preserved

[sheet: Cover]

Record

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