0000950137-06-004978 Sample Contracts

SUBSCRIPTION AGREEMENT Limited Liability Company Membership Units $5,000.00 per Unit Minimum Investment of 4 Units ($20,000) 1 Unit Increments Thereafter ($5,000)
Subscription Agreement • April 26th, 2006 • Cardinal Ethanol LLC • Industrial organic chemicals

The undersigned subscriber, desiring to become a member of Cardinal Ethanol, LLC (“Cardinal Ethanol”), an Indiana limited liability company, with its principal place of business at 2 OMCO Square, Suite 201, Winchester IN 47394, hereby subscribes for the purchase of the membership interests of Cardinal Ethanol, and agrees to pay the related purchase price, identified below.

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PROJECT DEVELOPMENT FEE AGREEMENT
Project Development Fee Agreement • April 26th, 2006 • Cardinal Ethanol LLC • Industrial organic chemicals • Indiana

THIS PROJECT DEVELOPMENT FEE AGREEMENT (“Agreement”) is entered into as of this 21st day of April, 2006 (“Effective Date”), by and between Troy Prescott, an individual (“Prescott”), and Cardinal Ethanol, LLC (“Company”), an Indiana limited liability company.

OPTION TO PURCHASE REAL ESTATE
Purchase Real Estate • April 26th, 2006 • Cardinal Ethanol LLC • Industrial organic chemicals

This option made and entered by and between Douglas R. Stafford and Mary E. Stafford, husband and wife, 4779 South 1150 West, Dunkirk, IN 47336-9441, hereinafter referred to as SELLER, and Cardinal Ethanol, LLC, 2 OMCO Square, P.O. Box 501, Winchester, Indiana 47394, hereinafter referred to as BUYER, WITNESSETH:

ESCROW AGREEMENT
Escrow Agreement • April 26th, 2006 • Cardinal Ethanol LLC • Industrial organic chemicals • Indiana

THIS ESCROW AGREEMENT (this “Agreement”) is made this 21st day of April, 2006, by and between Cardinal Ethanol, LLC an Indiana limited liability company (“Cardinal Ethanol”) and First Merchants Trust Company, N.A. as escrow agent (the “Escrow Agent”).

CONSULTING AGREEMENT
Consulting Agreement • April 26th, 2006 • Cardinal Ethanol LLC • Industrial organic chemicals • Indiana

This Consulting Agreement (the “Agreement”) is made this 27 day of March, 2006 (the “Effective Date”), by and between Above Zero Media, LLC, a North Dakota limited liability company, with an address of 3049 24th Avenue SW Fargo, North Dakota 58103, (Above Zero Media), and Cardinal Ethanol, LLC, an Indiana limited liability company, with an address of 2 OMCO Square, Suite 201, P.O. Box 501, Winchester, Indiana 47394, (“Client”).

OPTION TO PURCHASE REAL ESTATE
Purchase Real Estate • April 26th, 2006 • Cardinal Ethanol LLC • Industrial organic chemicals

This option made and entered by and between Nelson E. Bateman, 5589 E. State Road 32, Union City, IN 47390, hereinafter referred to as SELLER, and Cardinal Ethanol, LLC, 2 OMCO Square, P.O. Box 501, Winchester, Indiana 47394, hereinafter referred to as BUYER, WITNESSETH:

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