Prairie Creek Ethanol LLC Sample Contracts

SECOND AMENDED AND RESTATED OPERATING AGREEMENT OF PRAIRIE CREEK ETHANOL, LLC Dated: Effective May 3, 2007
Operating Agreement • May 31st, 2007 • Prairie Creek Ethanol LLC • Industrial organic chemicals • Iowa

THIS SECOND AMENDED AND RESTATED OPERATING AGREEMENT (the “Agreement”) is entered into and shall be effective as of the 3rd day of May, 2007 (the “Effective Date”), by and among PRAIRIE CREEK ETHANOL, LLC, an Iowa limited liability company (the “Company”), each of the Persons who are identified as Members on the attached Exhibit A and who have executed a counterpart of this Agreement and any other Persons as may from time-to-time be subsequently admitted as a Member of the Company in accordance with the terms of this Agreement. Capitalized terms not otherwise defined herein shall have the meaning set forth in Section 1.10.

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SECOND AMENDED AND RESTATED ESCROW AGREEMENT
Escrow Agreement • January 18th, 2008 • Prairie Creek Ethanol LLC • Industrial organic chemicals • Iowa

THIS SECOND AMENDED AND RESTATED ESCROW AGREEMENT (this "Agreement") is made this 9th day of January, 2008, by and between Prairie Creek Ethanol, LLC an Iowa limited liability company ("Prairie Creek Ethanol" or the “Company”) and Iowa State Bank, Algona, Iowa as escrow agent (the “Escrow Agent”).

ESCROW AGREEMENT
Escrow Agreement • March 26th, 2007 • Prairie Creek Ethanol LLC • Iowa

THIS ESCROW AGREEMENT (this "Agreement") is made this _______ day of _____________, 20____, by and between Prairie Creek Ethanol, LLC an Iowa limited liability company (“Prairie Creek”) and ____________________ as escrow agent (the “Escrow Agent”).

OPTION AGREEMENT
Option Agreement • March 26th, 2007 • Prairie Creek Ethanol LLC

Option agreement made 25th day of May, 2006, between Rasmussen Family, LLC, of 160 Running Spring Drive, Palm Desert, California (the "Seller"), and Gold-Eagle Cooperative, of 415 N Locust Street, PO Box 280, Goldfield, Iowa (the "Buyer").

AMENDED AND RESTATED OPTION AGREEMENT
Amended and Restated Option Agreement • January 18th, 2008 • Prairie Creek Ethanol LLC • Industrial organic chemicals

Option agreement made 3rd day of July 2007, between David Kirsch and Susan Kirsch, husband and wife and Darrell Kirsch and Dawn Kirsch, husband and wife, of Wesley, Iowa (the "Seller"), and Prairie Creek Ethanol, LLC, with its principal place of business at 415 N Locust Street PO Box 280, Goldfield, Iowa 50542(the "Buyer").

ASSIGNMENT AND ASSUMPTION AGREEMENT
Assignment and Assumption Agreement • March 26th, 2007 • Prairie Creek Ethanol LLC

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT is made and effective the 26th of May, 2006 by and between Gold-Eagle Cooperative (Gold-Eagle) (the Assignor) and Prairie Creek Ethanol, LLC (Assignee).

ASSIGNMENT AND ASSUMPTION AGREEMENT
Assignment and Assumption Agreement • March 26th, 2007 • Prairie Creek Ethanol LLC

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT is made and effective the 31st day of May, 2006 by and between Gold-Eagle Cooperative (Gold-Eagle) (the Assignor) and Prairie Creek Ethanol, LLC (Assignee).

AMENDED AND RESTATED ESCROW AGREEMENT
Amended and Restated Escrow Agreement • August 16th, 2007 • Prairie Creek Ethanol LLC • Industrial organic chemicals • Iowa

THIS AMENDED AND RESTATED ESCROW AGREEMENT (this "Agreement") is made this 16th day of August, 2007, by and between Prairie Creek Ethanol, LLC an Iowa limited liability company ("Prairie Creek Ethanol" or the “Company”) and Iowa State Bank, Algona, Iowa as escrow agent (the “Escrow Agent”).

OPTION AGREEMENT
Option Agreement • March 26th, 2007 • Prairie Creek Ethanol LLC

Option agreement made 26th day of May, 2006, between David Kirsch and Susan Kirsch, husband and wife and Darrell Kirsch and Dawn Kirsch, husband and wife, of Wesley, Iowa (the "Seller"), and Gold-Eagle Cooperative, of 415 N Locust Street, PO Box 280, Goldfield, Iowa (the "Buyer").

PRAIRIE CREEK ETHANOL, LLC SUBSCRIPTION AGREEMENT Limited Liability Company Membership Units $5,000 per Unit Minimum Investment of 2 Units ($10,000)
Subscription Agreement • July 25th, 2007 • Prairie Creek Ethanol LLC • Industrial organic chemicals

The undersigned subscriber ("Subscriber"), desiring to become a member of Prairie Creek Ethanol, LLC (“Prairie Creek”), an Iowa limited liability company, with its principal place of business at 415 N. Locust Street, PO Box 280, Goldfield, Iowa 50542 hereby subscribes for the purchase of membership units of Prairie Creek, and agrees to pay the related purchase price, identified below.

EXTENSION OF OPTION AGREEMENT
Extension of Option Agreement • April 16th, 2008 • Prairie Creek Ethanol LLC • Industrial organic chemicals

This Extension of Option Agreement is made on the 10th day of April 2008, between David Kirsch and Susan Kirsch, husband and wife and Darrell Kirsch and Dawn Kirsch, husband and wife, of Wesley, Iowa (the “Seller”), and Prairie Creek Ethanol, LLC, with its principal place of business at 415 N Locust Street PO Box 280, Goldfield, Iowa 50542 (the “Buyer”).

PRAIRIE CREEK ETHANOL, LLC SUBSCRIPTION AGREEMENT Limited Liability Company Membership Units $5,000 per Unit Minimum Investment of 2 Units ($10,000)
Subscription Agreement • May 31st, 2007 • Prairie Creek Ethanol LLC • Industrial organic chemicals

The undersigned subscriber ("Subscriber"), desiring to become a member of Prairie Creek Ethanol, LLC (“Prairie Creek”), an Iowa limited liability company, with its principal place of business at 415 N. Locust Street, PO Box 280, Goldfield, Iowa 50542 hereby subscribes for the purchase of membership units of Prairie Creek, and agrees to pay the related purchase price, identified below.

PRAIRIE CREEK ETHANOL, LLC SUBSCRIPTION AGREEMENT Limited Liability Company Membership Units $5,000 per Unit Minimum Investment of 2 Units ($10,000)
Subscription Agreement • March 26th, 2007 • Prairie Creek Ethanol LLC

The undersigned subscriber ("Subscriber"), desiring to become a member of Prairie Creek Ethanol, LLC (“Prairie Creek”), an Iowa limited liability company, with its principal place of business at 415 N. Locust Street, PO Box 280, Goldfield, Iowa 50542 hereby subscribes for the purchase of membership units of Prairie Creek, and agrees to pay the related purchase price, identified below.

PRAIRIE CREEK ETHANOL, LLC SUBSCRIPTION AGREEMENT Limited Liability Company Membership Units $5,000 per Unit Minimum Investment of 2 Units ($10,000)
Subscription Agreement • January 18th, 2008 • Prairie Creek Ethanol LLC • Industrial organic chemicals

The undersigned subscriber ("Subscriber"), desiring to become a member of Prairie Creek Ethanol, LLC (“Prairie Creek Ethanol”), an Iowa limited liability company, with its principal place of business at 415 N. Locust Street, PO Box 280, Goldfield, Iowa 50542 hereby subscribes for the purchase of membership units of Prairie Creek Ethanol, and agrees to pay the related purchase price, identified below.

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