Document:

EAST
      COAST ETHANOL, LLC

    

    FORM
      OF SUBSCRIPTION AGREEMENT

    
      (for
        North Carolina, Maryland and Virginia investors
        only)

    

        

    Limited
      Liability Company Membership Units 

     

    $15,000
      per Unit

     

    Minimum
      Investment of 1 Unit ($15,000)

    1/3
      Unit Increments Thereafter ($5,000)

    

    The
      undersigned subscriber ("Subscriber"), desiring to become a member of East
      Coast
      Ethanol, LLC (“East Coast”), a Delaware limited liability company, with its
      principal place of business at 1907 Thurmond Mall Post Office Box 2226,
      Columbia, South Carolina 29202 hereby subscribes for the purchase of membership
      units of East Coast, and agrees to pay the related purchase price, identified
      below.

    

    A. SUBSCRIBER
      INFORMATION.
      Please
      print your individual or entity name and address. IF
      WE ACCEPT YOUR SUBSCRIPTION, THE UNITS WILL BE TITLED IN THE NAME OF THE
      SUBSCRIBER AS IT APPEARS BELOW.
      Joint
      subscribers should provide both names. Your name and address will be recorded
      exactly as printed below. Please provide your home, business and/or mobile
      telephone number. If desired, please also provide your e-mail address.

    

    
      	
              1.

            	
              Subscriber's
                Printed Name 

            	
              _____________________________________________________
                

            
	
              2.

            	
              Date
                of Birth (Natural Persons only)

            	
              _____________________________________________________

            
	
              2.

            	
              Title,
                if applicable

            	
              _____________________________________________________

            
	
              3.

            	
              Subscriber's
                Address

            	 
	 	
              Street
                

            	
              _____________________________________________________

            
	 	
              City,
                State, Zip Code

            	
              _____________________________________________________

            
	 	
              Province
                and Country

            	
              _____________________________________________________

            
	
              4.

            	
              E-mail
                Address (optional)

            	
              _____________________________________________________

            
	
              5.

            	
              Home
                Telephone Number

            	
              _____________________________________________________

            
	
              6.

            	
              Business
                Telephone Number

            	
              _____________________________________________________

            
	
              7.

            	
              Mobile
                Telephone Number

            	
              _____________________________________________________

            

    

    

    B. NUMBER
      OF UNITS PURCHASED.
      You
      must purchase at least 1 unit. The minimum number of units to be sold in the
      offering is 16,910 units and the maximum number of units to be sold is
      39,455.

    
      	 
	
               

              units

            

    

     

    C. PURCHASE
      PRICE. Indicate
      the dollar amount of your investment (minimum investment is
      $15,000).

    

    
      	
              1.
                Total
                Purchase Price

              ($15,000
                per unit multiplied 

              by
                number of units)

            	
              =

            	
              2.
                1st
                Installment

              (10%
                of Total Purchase Price)

            	
              +

            	
              3.
                2nd
                Installment

              (90%
                of Total Purchase Price)

            
	 	 	  	 	  
	 	
              =

            	  	
              +

            	  

    

    

    D. GENERAL
      INSTRUCTIONS FOR SUBSCRIBERS: 

    

    You
      should read the Prospectus dated [DATE OF EFFECTIVENESS] (the "Prospectus")
      in
      its entirety including the exhibits for a complete explanation of an investment
      in East Coast. Thomas Securities, LLC, as registered broker-dealer for East
      Coast, will not complete a sale of securities until at least 5 business days
      from the date you have received East Coast’s final prospectus. For purposes of
      this delivery requirement, filing of the final prospectus with the SEC on EDGAR
      pursuant to Rule 424 shall constitute access equaling delivery in accordance
      with Rule 172. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    INSTRUCTIONS
      IF YOU ARE SUBSCRIBING PRIOR
      TO THE COMPANY’S RELEASE OF FUNDS FROM ESCROW:
      If you
      are unsure as to whether the Company has release funds from escrow, please
      contact Thomas Securities, LLC at (888) 507-5300, the Company at (877) 323-3835
      or visit the Company's website at www.eastcoastethanol.us. If you are
      subscribing prior to the Company’s release of funds from escrow, you must follow
      the instructions contained in paragraphs 1 through 5 below:

    

    1. Complete
      all information required in this Subscription Agreement, and date and sign
      the
      Subscription Agreement on pages 6-7 and the Member Signature Page to our
      Operating Agreement attached to this Subscription Agreement as Exhibit
      A.

    

    2. Immediately
      provide a personal (or business) check for the first installment of 10% of
      your
      investment amount. The
      check should be made payable to “BB&T Corp., escrow agent for East Coast
      Ethanol, LLC.”
You
      will determine this amount in box C.2 on page 1 of
      this
      Subscription Agreement.

    

    3. Execute
      the Promissory Note on page 8 of
      this
      Subscription Agreement evidencing your commitment to pay the remaining 90%
      due
      for the units. The Promissory Note is attached to this Subscription Agreement
      and grants East Coast Ethanol, LLC legal recourse to recover the 90% balance
      from you in the event you fail to pay the balance when due. 

    

    4.
       For
      U.S.
      persons, please complete Form W-9, Request for Taxpayer Identification Number
      and Certification or
      for
      non-U.S. persons, please complete Form W-8BEN, Certificate of Foreign Status
      of
      Beneficial Owner for United States Tax Withholding. 

    

    5.
       Deliver
      the original executed documents referenced in paragraphs 1, 3 and 4 of these
      instructions, together with a personal or business check as described in
      Paragraph 2 of these instructions to:

     

    
      
        	
                Thomas
                  Securities, LLC,

              
	
                registered
                  broker-dealer for East Coast Ethanol, LLC

              
	
                3414
                  Peachtree Road, NE, Suite 656

              
	
                Atlanta,
                  GA 30326

              
	
                (678)
                  539-1701 (fax)

              
	
                (888)
                  507-5300 or 404-504-6050

              

      

    

     

    If
      you
      intend to wire transfer funds rather than provide a check for your subscription
      amount, please contact East Coast directly for wire transfer
      instructions. 

    

    6. Within
      20
      days of written notice from East Coast that your subscription has been accepted,
      you must remit an additional personal (or business) check for the second
      installment of 90% of your investment amount made payable to “BB&T
      Corp., escrow agent for East Coast Ethanol, LLC”
in
      satisfaction of the Promissory Note. You will determine this amount in box
      C.3
      on page 1 of
      this
      Subscription Agreement. You must deliver this check to the same address set
      forth above in paragraph 4 within 20 days of the date of East Coast's written
      notice. If you fail to pay the second installment pursuant to the Promissory
      Note, East Coast shall be entitled to retain your first installment and to
      seek
      other damages, as provided in the Promissory Note. This means that if you are
      unable to pay the 90% balance of your investment amount within 20 days of our
      notice, you may have to forfeit the 10% cash deposit.

    

    Your
      funds will be placed in East Coast’s escrow account at BB&T Corp. If East
      Coast rejects your subscription, your Subscription Agreement and investment
      will
      be promptly returned to you, plus any nominal interest. We do not expect to
      release funds from the escrow account until the following conditions are
      satisfied: (1) cash proceeds from unit sales deposited in the escrow account
      equals or exceeds the minimum offering amount of $253,650,000, exclusive of
      interest; (2) we obtain a written debt financing commitment for debt financing
      ranging from approximately $269,875,000 to $608,050,000, less any grants and/or
      tax increment financing we are awarded; (3) we elect, in writing, to terminate
      the escrow agreement; 4) an affidavit prepared by our escrow agent has been
      sent
      to the states in which we have registered units stating that the conditions
      set
      out in (1), (2) and (3) have been met; and (5) in each state in which consent
      is
      required, the state securities commissioner has consented to release of the
      funds on deposit. Upon satisfaction of these conditions, we expect that the
      escrow agreement will terminate, and the escrow agent will disburse the funds
      on
      deposit, including interest, to us to be used in accordance with the provisions
      set out in this prospectus. If we have not satisfied these conditions for
      releasing funds from escrow by the 12 month anniversary of the effective date
      of
      this registration statement, we will return all equity proceeds to investors
      and
      terminate the escrow agreement. In that event, investors will receive the entire
      amount of their paid-in investment being held in escrow plus any allocable
      interest earned during the escrow period. 

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    INSTRUCTIONS
      IF YOU ARE SUBSCRIBING AFTER
      THE COMPANY’S RELEASE OF FUNDS FROM ESCROW:
      If you
      are subscribing after the Company’s release of funds from escrow, you must
      follow the instructions contained in paragraphs 1 through 3 below:

    

    1. Complete
      all information required in this Subscription Agreement, and date and sign
      the
      Subscription Agreement on pages 6-7 and the Member Signature Page to our
      Operating Agreement attached to this Subscription Agreement as Exhibit
      A.

    

    2. Immediately
      provide your personal (or business) check for the entire amount of your
      investment (as determined in box C.1 on page 1) made payable to “East
      Coast Ethanol,
      LLC.”

    

    3.
       For
      U.S.
      persons, please complete Form W-9, Request for Taxpayer Identification Number
      and Certification or
      for
      non-U.S. persons, please complete W-8BEN, Certificate of Foreign Status of
      Beneficial Owner for United States Tax Withholding. 

    

    4.
       Deliver
      the original executed documents referenced in paragraphs 1 and 3 of these
      instructions, together with your personal or business check as described in
      paragraph 2 to:

     

    
      
        	
                Thomas
                  Securities, LLC,

              
	
                registered
                  broker-dealer for East Coast Ethanol, LLC

              
	
                3414
                  Peachtree Road, NE, Suite 656

              
	
                Atlanta,
                  GA 30326

              
	
                (678)
                  539-1701 (fax)

              
	
                (888)
                  507-5300

              

      

    

    

    If
      you
      intend to wire transfer funds rather than provide a check for your subscription
      amount, please contact East Coast directly for wire transfer
      instructions. 

    

    If
      you
      are subscribing after we have released funds from escrow and we accept your
      investment, your funds will be immediately at-risk as described in the
      Prospectus. East Coast may, in its sole discretion, reject or accept any part
      or
      all of your subscription. If East Coast rejects your subscription, your
      Subscription Agreement and investment will be returned to you promptly, plus
      any
      nominal interest. East Coast may not consider the acceptance or rejection of
      your subscription until a future date near the end of this offering. If East
      Coast accepts your subscription, Thomas Securities, LLC, will provide you with
      a
      confirmation of your purchase.

    

    You
      may
      direct your questions to our registered broker-dealer, Thomas Securities, LLC
      at
      (888) 507-5300. 

    

    E. Additional
      Subscriber Information. Subscriber,
      named above, certifies the following under penalties of
      perjury:

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    
      	 	
              1.

            	
              Form
                of Ownership.
                Check the appropriate box (one only) to indicate form of ownership.
                If the
                subscriber is a Custodian, Corporation, Partnership or Trust, please
                provide the additional information requested.

            

    

    

    
      	 	
              o

            	
              Individual

            

    

    
      	 	
              
                o

              

            	
              Joint
                Tenants with Right of Survivorship (Both signatures must appear on
                page
                7.)

            

    

    
      	 	
              
                o

              

            	
              Corporation,
                Limited Liability Company or Partnership (Corporate Resolutions,
                Operating
                Agreement or Partnership Agreement must be
                enclosed.)

            

    

    
      	 	
              
                o

              

            	
              Trust
                

            

    

    Trustee’s
      Name: ________________________________________  

    Trust
      Date: ____________________________________________

     

    
      	
            	
               ̈

            	
              Other:
                Provide detailed information in the space immediately
                below.

            

    

    _________________________________________________________

    _________________________________________________________

     

    
      	 	
              2.

            	
              Subscriber's
                Taxpayer Information.
                Check the appropriate box if you are a non-resident alien, a U.S.
                Citizen
                residing outside the United States, and/or subject to backup withholding.
                All individual subscribers should provide their Social Security Numbers.
                Trusts should provide the trust's taxpayer identification number.
                Custodians should provide the minor's Social Security Number. Other
                entities should provide the entity's taxpayer identification
                number.

            

    

    

    
      	 	
              
                 ̈

              

            	
              Check
                box if you are a non-resident alien

            

    

    
      	 	
              
                 ̈

              

            	
              Check
                box if you are a U.S. citizen residing outside of the United
                States

            

    

    
      	 	
              
                 ̈

              

            	
              Check
                this box if you are subject to backup
                withholding

            

    

    

    Subscriber's
      Social Security
      No.                  ________________________________

    Joint
      Subscriber's Social Security
      No.        ________________________________

    Taxpayer
      Identification
      No.                          ________________________________

    

    
      	 	
              3.

            	
              Member
                Report Address.
                If
                you would like duplicate copies of member reports sent to an address
                that
                is different than the address identified in section A, please complete
                this section.

            

    

    

    Address:                 _________________________________________________

     ___________________________________________

    

    
      	 	
              4.

            	
              State
                of Residence.

            

    

    State
      of
      Principal
      Residence:                            _______________________________

    State
      where driver's license is
      issued:             _______________________________

    State
      where resident income taxes are
      filed:    ______________________________

    

    State(s)
      in which you have maintained your principal residence during the past three
      years: 

    
      	 	 	 
	
              a.

            	
              b.

            	
              c.

            

    

    

    
      	 	
              5.

            	
              Suitability
                Standards.
                Investors (except North Carolina residents) cannot invest in East
                Coast
                unless they meet one of the following suitability tests (a or b)
                set forth
                below. Residents of North Carolina cannot invest in East Coast unless
                they
                meet one of the following suitability tests (c or d) set forth below.
                Please review the suitability tests and check the box next to the
                following suitability test that you meet. For husbands and wives
                purchasing jointly, the tests below will be applied on a joint
                basis.

            

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    
      	 	 	
              For
                investors except residents of North
                Carolina:

            

    

    
      	 	
              a.  ̈

            	
              I
                (We) have annual income from whatever source of at least $45,000
                and
                a
                net worth of at least $45,000, exclusive of home, furnishings and
                automobiles; or

            

    

    

    
      	 	
              b.  ̈ 

            	
              I
                (We) have a net worth of $150,000, exclusive of home, home furnishings,
                and automobiles.

            

    

    

    For
      North Carolina residents only:

    
      	 	
              c.  ̈ 

            	
              I
                (We) have net worth of at least $70,000 exclusive of home, home
                furnishings, and automobiles, and
                minimum annual gross income of $70,000;
                or

            

    

    

    
      	 	
              d.  ̈ 

            	
              I
                (We) have a net worth of $250,000, exclusive of home, home furnishings,
                and automobiles.

            

    

    

    
      	 	
              6.

            	
              Subscriber's
                Representations and Warranties.
                You must certify your representations and warranties by placing your
                initials where indicated and by signing and dating this Subscription
                Agreement. Joint
                subscribers are also required to initial and sign as
                indicated.
                

            

    

    

    (Initial
      here) (Joint initials) By signing below the subscriber represents and warrants
      to East Coast that he, she or it:

    
      
        	 	 	 	 	 
	____	 	____ 	 	
                a.
                  has received a copy of East Coast's Prospectus dated [DATE OF
                  EFFECTIVENESS] and the exhibits thereto or has received notice
                  that this
                  sale has been made pursuant to a registration statement in which
                  a final
                  prospectus would have been required to have been delivered in the
                  absence
                  of Rule 172;

              
	____ 	 	____ 	 	
                b.
                  has been informed that the units of East Coast are offered and
                  sold in
                  reliance upon a federal securities registration; state registrations
                  in
                  Florida, Maryland, New York, South Carolina, North Carolina, Virginia
                  and
                  Georgia; and exemptions from securities registrations in various
                  other
                  states and jurisdictions, and understands that the units to be
                  issued
                  pursuant to this subscription agreement can only be sold to a person
                  meeting requirements of suitability;

              
	____ 	 	____ 	 	
                c.
                  has been informed that the securities purchased pursuant to this
                  Subscription Agreement have not been registered under the securities
                  laws
                  of any state other than Florida, Maryland, New York, South Carolina,
                  North
                  Carolina, Virginia and Georgia and that East Coast is relying in
                  part upon
                  the representations of the undersigned Subscriber contained
                  herein;

              
	____ 	 	____ 	 	
                d.
                  has been informed that the securities subscribed for have not been
                  approved or disapproved by the SEC, or the Florida, Maryland, New
                  York,
                  South Carolina, North Carolina, Virginia and Georgia Securities
                  Departments or any other regulatory authority, nor has any regulatory
                  authority passed upon the accuracy or adequacy of the
                  Prospectus;

              
	____ 	 	____ 	 	
                e.
                  intends to acquire the units for his/her/its own account without
                  a view to
                  public distribution or resale and that he/she/it has no contract,
                  undertaking, agreement or arrangement to sell or otherwise transfer
                  or
                  dispose of any units or any portion thereof to any other
                  person;

              
	____ 	 	____ 	 	
                f.
                  understands that there is no present market for East Coast's membership
                  units, that the membership units will not trade on an exchange
                  or
                  automatic quotation system, that no such market is expected to
                  develop in
                  the future and that there are significant restrictions on the
                  transferability of the membership units;

              
	____ 	 	____ 	 	
                g.
                  has been encouraged to seek the advice of his legal counsel and
                  accountants or other financial advisers with respect to investor-specific
                  tax and/or other considerations relating to the purchase and ownership
                  of
                  units;

              

      

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      
        	____ 	 	____ 	 	
                h.
                  has received a copy of the East Coast Operating Agreement, dated
                  July 27,
                  2007, and understands that upon closing the escrow by East Coast,
                  the
                  subscriber and the membership units will be bound by the provisions
                  of the
                  Operating Agreement which contains, among other things, provisions
                  that
                  restrict the transfer of membership units;

              
	____	 	____ 	 	
                i.
                  understands that the units are subject to substantial restrictions
                  on
                  transfer under certain tax and securities laws along with restrictions
                  in
                  the East Coast Operating Agreement, and agrees that if the membership
                  units or any part thereof are sold or distributed in the future,
                  the
                  subscriber shall sell or distribute them pursuant to the terms
                  of the
                  Operating Agreement, and the requirements of the Securities Act
                  of 1933,
                  as amended, and applicable tax and securities laws;

              
	____ 	 	____ 	 	
                j.
                  meets the suitability test marked in Item E.5 above and is capable
                  of
                  bearing the economic risk of this investment, including the possible
                  total
                  loss of the investment;

              
	____ 	 	____ 	 	
                k.
                  understands that East Coast will place a restrictive legend on
                  any
                  certificate representing any unit containing substantially the
                  following
                  language as the same may be amended by the Directors of East Coast
                  in
                  their sole discretion:

              

      

    

     

    THE
      TRANSFERABILITY OF THE MEMBERSHIP UNITS REPRESENTED BY THIS DOCUMENT IS
      RESTRICTED. SUCH UNITS MAY NOT BE SOLD, ASSIGNED, OR TRANSFERRED, NOR WILL
      ANY
      ASSIGNEE, VENDEE, TRANSFEREE OR ENDORSEE THEREOF BE RECOGNIZED AS HAVING
      ACQUIRED ANY SUCH UNITS FOR ANY PURPOSES, UNLESS AND TO THE EXTENT SUCH SALE,
      TRANSFER, HYPOTHECATION, OR ASSIGNMENT IS PERMITTED BY, AND IS COMPLETED IN
      STRICT ACCORDANCE WITH, THE TERMS AND CONDITIONS SET FORTH IN THE OPERATING
      AGREEMENT OF THE COMPANY, AS AMENDED FROM TIME TO TIME.

    

    THE
      UNITS
      REPRESENTED BY THIS DOCUMENT MAY NOT BE SOLD, OFFERED FOR SALE, OR TRANSFERRED
      IN ABSENCE OF AN EFFECTIVE REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED, AND UNDER APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL
      SATISFACTORY TO THE COMPANY THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER APPLICABLE STATE
      SECURITIES LAWS. 

    

      
        	____ 	 	____ 	 	
                l.
                  understands that, to enforce the above legend, East Coast may place
                  a stop
                  transfer order with its registrar and stock transfer agent (if
                  any)
                  covering all certificates representing any of the membership
                  units;

              
	____ 	 	____ 	 	
                m.
                  may not transfer or assign this Subscription Agreement, or any
                  of the
                  subscriber's interest herein without the prior written consent
                  of East
                  Coast;

              
	____ 	 	____ 	 	
                n.
                  has written his, her, or its correct taxpayer identification number
                  under
                  Item E.2 on this Subscription Agreement;

              
	____ 	 	____ 	 	
                o.
                  is not subject to back up withholding either because he, she or
                  it has not
                  been notified by the Internal Revenue Service ("IRS") that he,
                  she or it
                  is subject to backup withholding as a result of a failure to report
                  all
                  interest or dividends, or the IRS has notified him, her or it that
                  he is
                  no longer subject to backup withholding (Note this clause (o) should
                  be
                  crossed out if the backup withholding box in Item E.2 is checked);
                  and

              

      

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      
        	____

                 

              	 	____ 	 	
                p.
                  understands that execution of the attached Promissory Note will
                  allow East
                  Coast or its assigns to pursue the obligor for payment of the amount
                  due
                  thereon by any legal means, including, but not limited to, acquisition
                  of
                  a judgment against the obligor in the event that the subscriber
                  defaults
                  on that Promissory Note.

              

      

    

     

    
      	
              Signature
                of Subscriber/Joint Subscriber:

            	 	 
	 	 	 
	
              Date: ________________________________________

            	 	 
	 	 	 
	
              Individuals:

            	 	
              Entities:

            
	 	 	 
	_______________________________	 	__________________________________ 
	
              Name
                of Individual Subscriber (Please Print)

            	 	
              Name
                of Entity (Please Print)

            
	 	 	 
	_______________________________	 	__________________________________ 
	
              Signature
                of Individual

            	 	
              Print
                Name and Title of Officer

            
	 	 	 
	_______________________________	 	__________________________________ 
	
              Name
                of Joint Individual Subscriber (Please Print)

            	 	
              Signature
                of Officer

            
	 	 	 
	_______________________________	 	 
	
              Signature
                of Joint Individual Subscriber

            	 	 

    

     

    ACCEPTANCE
      OF SUBSCRIPTION BY EAST COAST ETHANOL, LLC:

    

    East
      Coast Ethanol, LLC hereby accepts Subscriber's subscription for _____
units.

    

    Dated
      this ___
      day of
      _________________________ ,
      200 __.

    

    
      	
              EAST
                COAST ETHANOL, LLC

            
	 
	
              By: ___________________________________________

            
	 
	
              Its: ___________________________________________

            

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    PROMISSORY
      NOTE

    

    Date
      of
      Subscription Agreement: ___________________________________, 200_.

     

    $15,000
      per Unit

     

    Minimum
      Investment of 1 Unit ($15,000); Units Sold in 1/3 Unit Increments Thereafter
      ($5,000 each)

    

    
      	____________________ 	 	
              Number
                of Units Subscribed

            
	 	 	 
	____________________  	 	
              Total
                Purchase Price ($15,000 per unit multiplied by number of units
                subscribed)

            
	
                                (                   )                        

            	 	
               

              Less
                Initial Payment (10% of Principal Amount)

            
	 	 	 
	____________________	 	
              Principal
                Balance

            

    

    

    FOR
      VALUE
      RECEIVED, the undersigned hereby promises to pay to the order of East Coast
      Ethanol, LLC, a Delaware limited liability company ("East Coast"), at its
      principal office located at 1907 Thurmond Mall Post Office Box 2226, Columbia,
      South Carolina 29202, or at such other place as required by East Coast, the
      Principal Balance set forth above in one lump sum to be paid without interest
      within 20 days following the call of the East Coast Board of Directors, as
      described in the Subscription Agreement. In the event the undersigned fails
      to
      timely make any payment owed, the entire balance of any amounts due under this
      full recourse Promissory Note shall be immediately due and payable in full
      with
      interest at the rate of 12% per annum from the due date and any amounts
      previously paid in relation to the obligation evidenced by this Promissory
      Note
      may be forfeited at the discretion of East Coast. 

     

    The
      undersigned agrees to pay to East Coast on demand, all costs and expenses
      incurred to collect any indebtedness evidenced by this Promissory Note,
      including, without limitation, reasonable attorneys' fees. This Promissory
      Note
      may not be modified orally and shall in all respects be governed by, construed,
      and enforced in accordance with the laws of the State of South Carolina.

     

    The
      provisions of this Promissory Note shall inure to the benefit of East Coast
      and
      its successors and assigns, which expressly reserves the right to pursue the
      undersigned for payment of the amount due thereon by any legal means in the
      event that the undersigned defaults on obligations provided in this Promissory
      Note. 

     

    The
      undersigned waives presentment, demand for payment, notice of dishonor, notice
      of protest, and all other notices or demands in connection with the delivery,
      acceptance, performance or default of this Promissory Note. 

     

    Dated:   ,
      200_.

    

    
      	
              OBLIGOR/DEBTOR:

            	 	
              JOINT
                OBLIGOR/DEBTOR:

            
	 	 	 
	_______________________________________	 	____________________________________________
	
              Printed
                or Typed Name of Obligor

            	 	
              Printed
                or Typed Name of Joint Obligor

            
	 	 	 
	
              By:
                __________________________________________

            	 	
              By:________________________________________________

            
	
                     (Signature)

            	 	
                    (Signature)

            
	 	 	 
	_______________________________________	 	 
	
              Officer
                Title if Obligor is an Entity

            	 	 
	_______________________________________	 	 
	_______________________________________	 	 
	
              Address
                of Obligor

            	 	 

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    MEMBERS
      SIGNATURE PAGE

    

    ADDENDA
      

    TO
      THE 

    OPERATING
      AGREEMENT OF 

    EAST
      COAST ETHANOL, LLC

    

    The
      undersigned does hereby represent and warrant that the undersigned, as a
      condition to becoming a Member of East Coast Ethanol, LLC, has received a copy
      of the Operating Agreement of East Coast Ethanol, LLC (“Operating Agreement”),
      dated July 27, 2007, and, if applicable, all amendments and modifications
      thereto, and does hereby agree that the undersigned, along with the other
      parties to the Operating Agreement, shall be subject to and comply with all
      terms and conditions of said Operating Agreement in all respects as if the
      undersigned had executed said Operating Agreement on the original date thereof
      and that the undersigned is and shall be bound by all of the provisions of
      said
      Operating Agreement from and after the date of execution hereof.

    

    
      	
              Individuals
                

            	 	
              Entities

            
	 	 	 
	_______________________________________	 	_____________________________________________
	
              Name
                of Individual Member (Please Print)

            	 	
              Name
                of Entity (Please Print)

            
	 	 	 
	_______________________________________	 	____________________________________________
	
              Signature
                of Individual

            	 	
              Print
                Name and Title of Officer

            
	 	 	 
	_______________________________________	 	____________________________________________
	
              Name
                of Joint Individual Member (Please Print)

            	 	
              Signature
                of Officer

            
	 	 	 
	_______________________________________	 	 
	
              Signature
                of Joint Individual Member

            	 	 
	 	 	 
	 	 	 
	
              Agreed
                and accepted on behalf of the

            	 	 
	
              Company
                and its Members:

            	 	 
	 	 	 
	
              EAST
                COAST ETHANOL, LLC

            	 	 
	 	 	 
	
              BY:______________________________________________

            	 	 
	 	 	 
	
              ITS:______________________________________________

            	 	 

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

      EAST
        COAST ETHANOL, LLC

      

      FORM
        OF SUBSCRIPTION AGREEMENT

      

      Limited
        Liability Company Membership Units 

       

      $15,000
        per Unit

       

      Minimum
        Investment of 1 Unit ($15,000)

      1/3
        Unit Increments Thereafter ($5,000)

      

      The
        undersigned subscriber ("Subscriber"), desiring to become a member of East
        Coast
        Ethanol, LLC (“East Coast”), a Delaware limited liability company, with its
        principal place of business at 1907 Thurmond Mall Post Office Box 2226,
        Columbia, South Carolina 29202 hereby subscribes for the purchase of membership
        units of East Coast, and agrees to pay the related purchase price, identified
        below.

      

      A. SUBSCRIBER
        INFORMATION.
        Please
        print your individual or entity name and address. IF
        WE ACCEPT YOUR SUBSCRIPTION, THE UNITS WILL BE TITLED IN THE NAME OF THE
        SUBSCRIBER AS IT APPEARS BELOW.
        Joint
        subscribers should provide both names. Your name and address will be recorded
        exactly as printed below. Please provide your home, business and/or mobile
        telephone number. If desired, please also provide your e-mail address.

      

      
        	
                1.

              	
                Subscriber's
                  Printed Name 

              	
                _____________________________________________________
                  

              
	
                2.

              	
                Date
                  of Birth (Natural Persons only)

              	
                _____________________________________________________

              
	
                2.

              	
                Title,
                  if applicable

              	
                _____________________________________________________

              
	
                3.

              	
                Subscriber's
                  Address

              	 
	 	
                Street
                  

              	
                _____________________________________________________

              
	 	
                City,
                  State, Zip Code

              	
                _____________________________________________________

              
	 	
                Province
                  and Country

              	
                _____________________________________________________

              
	
                4.

              	
                E-mail
                  Address (optional)

              	
                _____________________________________________________

              
	
                5.

              	
                Home
                  Telephone Number

              	
                _____________________________________________________

              
	
                6.

              	
                Business
                  Telephone Number

              	
                _____________________________________________________

              
	
                7.

              	
                Mobile
                  Telephone Number

              	
                _____________________________________________________

              

      

      

      B. NUMBER
        OF UNITS PURCHASED.
        You
        must purchase at least 1 unit. The minimum number of units to be sold in
        the
        offering is 16,910 units and the maximum number of units to be sold is
        39,455.

      
        	 
	
                 

                units

              

      

       

      C. PURCHASE
        PRICE. Indicate
        the dollar amount of your investment (minimum investment is
        $15,000).

      

      
        	
                1.
                  Total
                  Purchase Price

                ($15,000
                  per unit multiplied 

                by
                  number of units)

              	
                =

              	
                2.
                  1st
                  Installment

                (10%
                  of Total Purchase Price)

              	
                +

              	
                3.
                  2nd
                  Installment

                (90%
                  of Total Purchase Price)

              
	 	 	  	 	  
	 	
                =

              	  	
                +

              	  

      

      

      D. GENERAL
        INSTRUCTIONS FOR SUBSCRIBERS: 

      

      You
        should read the Prospectus dated [DATE OF EFFECTIVENESS] (the "Prospectus")
        in
        its entirety including the exhibits for a complete explanation of an investment
        in East Coast. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      INSTRUCTIONS
        IF YOU ARE SUBSCRIBING PRIOR
        TO THE COMPANY’S RELEASE OF FUNDS FROM ESCROW:
        If you
        are unsure as to whether the Company has release funds from escrow, please
        contact the Company at (877) 323-3835 or visit the Company's website at
        www.eastcoastethanol.us. If you are subscribing prior to the Company’s release
        of funds from escrow, you must follow the instructions contained in paragraphs
        1
        through 5 below:

      

      1. Complete
        all information required in this Subscription Agreement, and date and sign
        the
        Subscription Agreement on pages 6-7 and the Member Signature Page to our
        Operating Agreement attached to this Subscription Agreement as Exhibit
        A.

      

      2. Immediately
        provide a personal (or business) check for the first installment of 10% of
        your
        investment amount. The check should be made payable to “BB&T
        Corp., escrow agent for East Coast Ethanol, LLC.”
You
        will determine this amount in box C.2 on page 1 of
        this
        Subscription Agreement.

      

      3. Execute
        the Promissory Note on page 8 of
        this
        Subscription Agreement evidencing your commitment to pay the remaining 90%
        due
        for the units. The Promissory Note is attached to this Subscription Agreement
        and grants East Coast Ethanol, LLC legal recourse to recover the 90% balance
        from you in the event you fail to pay the balance when due. 

      

      4.
         For
        U.S.
        persons, please complete Form W-9, Request for Taxpayer Identification Number
        and Certification or
        for
        non-U.S. persons, please complete Form W-8BEN, Certificate of Foreign Status
        of
        Beneficial Owner for United States Tax Withholding. 

      

      5.
         Deliver
        the original executed documents referenced in paragraphs 1, 3 and 4 of these
        instructions, together with a personal or business check as described in
        Paragraph 2 of these instructions to:

      

      East
        Coast Ethanol, LLC   

      1907
        Thurmond Mall Post Office Box 2226

      Columbia,
        South Carolina 29202

      

      If
        you
        intend to wire transfer funds rather than provide a check for your subscription
        amount, please contact East Coast directly for wire transfer
        instructions. 

      

      6. Within
        20
        days of written notice from East Coast that your subscription has been accepted,
        you must remit an additional personal (or business) check for the second
        installment of 90% of your investment amount made payable to “BB&T
        Corp., escrow agent for East Coast Ethanol, LLC”
in
        satisfaction of the Promissory Note. You will determine this amount in box
        C.3
        on page 1 of
        this
        Subscription Agreement. You must deliver this check to the same address set
        forth above in paragraph 4 within 20 days of the date of East Coast's written
        notice. If you fail to pay the second installment pursuant to the Promissory
        Note, East Coast shall be entitled to retain your first installment and to
        seek
        other damages, as provided in the Promissory Note. This means that if you
        are
        unable to pay the 90% balance of your investment amount within 20 days of
        our
        notice, you may have to forfeit the 10% cash deposit.

      

      Your
        funds will be placed in East Coast’s escrow account at BB&T Corp. If East
        Coast rejects your subscription, your Subscription Agreement and investment
        will
        be promptly returned to you, plus any nominal interest. We do not expect
        to
        release funds from the escrow account until the following conditions are
        satisfied: (1) cash proceeds from unit sales deposited in the escrow account
        equals or exceeds the minimum offering amount of $253,650,000, exclusive
        of
        interest; (2) we obtain a written debt financing commitment for debt financing
        ranging from approximately $269,875,000 to $608,050,000, less any grants
        and/or
        tax increment financing we are awarded; (3) we elect, in writing, to terminate
        the escrow agreement; 4) an affidavit prepared by our escrow agent has been
        sent
        to the states in which we have registered units stating that the conditions
        set
        out in (1), (2) and (3) have been met; and (5) in each state in which consent
        is
        required, the state securities commissioner has consented to release of the
        funds on deposit. Upon satisfaction of these conditions, we expect that the
        escrow agreement will terminate, and the escrow agent will disburse the funds
        on
        deposit, including interest, to us to be used in accordance with the provisions
        set out in this prospectus. If we have not satisfied these conditions for
        releasing funds from escrow by the 12 month anniversary of the effective
        date of
        this registration statement, we will return all equity proceeds to investors
        and
        terminate the escrow agreement. In that event, investors will receive the
        entire
        amount of their paid-in investment being held in escrow plus any allocable
        interest earned during the escrow period. 

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      

      INSTRUCTIONS
        IF YOU ARE SUBSCRIBING AFTER
        THE COMPANY’S RELEASE OF FUNDS FROM ESCROW:
        If you
        are subscribing after the Company’s release of funds from escrow, you must
        follow the instructions contained in paragraphs 1 through 3 below:

      

      1. Complete
        all information required in this Subscription Agreement, and date and sign
        the
        Subscription Agreement on pages 6-7 and the Member Signature Page to our
        Operating Agreement attached to this Subscription Agreement as Exhibit
        A.

      

      2. Immediately
        provide your personal (or business) check for the entire amount of your
        investment (as determined in box C.1 on page 1) made payable to “East
        Coast Ethanol,
        LLC.”

      

      3.
         For
        U.S.
        persons, please complete Form W-9, Request for Taxpayer Identification Number
        and Certification or
        for
        non-U.S. persons, please complete Form W-8BEN, Certificate of Foreign Status
        of
        Beneficial Owner for United States Tax Withholding. 

      

      4.
         Deliver
        the original executed documents referenced in paragraphs 1 and 3 of these
        instructions, together with your personal or business check as described
        in
        paragraph 2 to:

       

      
        	
                East
                  Coast Ethanol, LLC 

              
	
                1907
                  Thurmond Mall Post Office Box 2226

              
	
                Columbia,
                  South Carolina 29202

              

      

      

      If
        you
        intend to wire transfer funds rather than provide a check for your subscription
        amount, please contact East Coast directly for wire transfer
        instructions. 

      

      If
        you
        are subscribing after we have released funds from escrow and we accept your
        investment, your funds will be immediately at-risk as described in the
        Prospectus. East Coast may, in its sole discretion, reject or accept any
        part or
        all of your subscription. If East Coast rejects your subscription, your
        Subscription Agreement and investment will be returned to you promptly, plus
        any
        nominal interest. East Coast may not consider the acceptance or rejection
        of
        your subscription until a future date near the end of this offering.

      

      You
        may
        direct your questions to either of our officers/directors listed below or
        to
        East Coast at
        (803)
        748-8151.

      

      
        	
                NAME

              	 	
                POSITION

              	 	
                PHONE

                NUMBER

              
	
                Randall
                  Dean Hudson

              	 	
                President/CEO
                  & Director

              	 	
                229-425-2044

              
	
                D.
                  Keith Parrish

              	 	
                Vice
                  President/Operations & Director

              	 	
                918-820-5058

              
	
                John
                  F. Long

              	 	
                Treasurer/Chief
                  Financial Officer & Director

              	 	
                803-924-4446

              
	
                Leon
                  Dupree Hatch Jr. 

              	 	
                Director

              	 	
                386-362-9785

              
	
                Julius
                  P. Thompson III

              	 	
                Corporate
                  Secretary/Director

              	 	
                803-682-4902

              
	
                Brian
                  Howell

              	 	
                Director

              	 	
                912-682-9709

              
	
                Roy
                  Laurence Smith III

              	 	
                Director

              	 	
                912-682-4940

              
	
                Kenneth
                  Dasher

              	 	
                Director

              	 	
                386-364-8806

              
	
                Carlie
                  McLamb, Jr.

              	 	
                Director
                  

              	 	
                910-286-4398

              

      

      

      E. Additional
        Subscriber Information. Subscriber,
        named above, certifies the following under penalties of
        perjury:

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      

      
        	 	
                1.

              	
                Form
                  of Ownership.
                  Check the appropriate box (one only) to indicate form of ownership.
                  If the
                  subscriber is a Custodian, Corporation, Partnership or Trust, please
                  provide the additional information requested.

              

      

      

      
        	 	
                o

              	
                Individual

              

      

      
        	 	
                
                  o

                

              	
                Joint
                  Tenants with Right of Survivorship (Both signatures must appear
                  on page
                  7.)

              

      

      
        	 	
                
                  o

                

              	
                Corporation,
                  Limited Liability Company or Partnership (Corporate Resolutions,
                  Operating
                  Agreement or Partnership Agreement must be
                  enclosed.)

              

      

      
        	 	
                
                  o

                

              	
                Trust
                  

              

      

      Trustee’s
        Name: ________________________________________  

      Trust
        Date: ____________________________________________

       

      
        	
              	
                 ̈

              	
                Other:
                  Provide detailed information in the space immediately
                  below.

              

      

      _________________________________________________________

      _________________________________________________________

       

      
        	 	
                2.

              	
                Subscriber's
                  Taxpayer Information.
                  Check the appropriate box if you are a non-resident alien, a U.S.
                  Citizen
                  residing outside the United States, and/or subject to backup withholding.
                  All individual subscribers should provide their Social Security
                  Numbers.
                  Trusts should provide the trust's taxpayer identification number.
                  Custodians should provide the minor's Social Security Number. Other
                  entities should provide the entity's taxpayer identification
                  number.

              

      

      

      
        	 	
                
                   ̈

                

              	
                Check
                  box if you are a non-resident alien

              

      

      
        	 	
                
                   ̈

                

              	
                Check
                  box if you are a U.S. citizen residing outside of the United
                  States

              

      

      
        	 	
                
                   ̈

                

              	
                Check
                  this box if you are subject to backup
                  withholding

              

      

      

      Subscriber's
        Social Security
        No.                  ________________________________

      Joint
        Subscriber's Social Security
        No.        ________________________________

      Taxpayer
        Identification
        No.                          ________________________________

      

      
        	 	
                3.

              	
                Member
                  Report Address.
                  If
                  you would like duplicate copies of member reports sent to an address
                  that
                  is different than the address identified in section A, please complete
                  this section.

              

      

      

      Address:                 _________________________________________________

       ___________________________________________

      

      
        	 	
                4.

              	
                State
                  of Residence.

              

      

      State
        of
        Principal
        Residence:                            _______________________________

      State
        where driver's license is
        issued:             _______________________________

      State
        where resident income taxes are
        filed:    ______________________________

      

      State(s)
        in which you have maintained your principal residence during the past three
        years: 

      
        	 	 	 
	
                a.

              	
                b.

              	
                c.

              

      

      

      
        	 	
                5.

              	
                Suitability
                  Standards.
                  Investors (except North Carolina residents) cannot invest in East
                  Coast
                  unless they meet one of the following suitability tests (a or b)
                  set forth
                  below. Residents of North Carolina cannot invest in East Coast
                  unless they
                  meet one of the following suitability tests (c or d) set forth
                  below.
                  Please review the suitability tests and check the box next to the
                  following suitability test that you meet. For husbands and wives
                  purchasing jointly, the tests below will be applied on a joint
                  basis.

              

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      

      
        	 	 	
                For
                  investors except residents of North
                  Carolina:

              

      

      
        	 	
                a.  ̈

              	
                I
                  (We) have annual income from whatever source of at least $45,000
                  and
                  a
                  net worth of at least $45,000, exclusive of home, furnishings and
                  automobiles; or

              

      

      

      
        	 	
                b.  ̈ 

              	
                I
                  (We) have a net worth of $150,000, exclusive of home, home furnishings,
                  and automobiles.

              

      

      

      For
        North Carolina residents only:

      
        	 	
                c.  ̈ 

              	
                I
                  (We) have net worth of at least $70,000 exclusive of home, home
                  furnishings, and automobiles, and
                  minimum annual gross income of $70,000;
                  or

              

      

      

      
        	 	
                d.  ̈ 

              	
                I
                  (We) have a net worth of $250,000, exclusive of home, home furnishings,
                  and automobiles.

              

      

      

      
        	 	
                6.

              	
                Subscriber's
                  Representations and Warranties.
                  You must certify your representations and warranties by placing
                  your
                  initials where indicated and by signing and dating this Subscription
                  Agreement. Joint
                  subscribers are also required to initial and sign as
                  indicated.
                  

              

      

      

      (Initial
        here) (Joint initials) By signing below the subscriber represents and warrants
        to East Coast that he, she or it:

      
        
          	 	 	 	 	 
	____	 	____ 	 	
                  a.
                    has received a copy of East Coast's Prospectus dated [DATE OF
                    EFFECTIVENESS] and the exhibits thereto or has received notice
                    that this
                    sale has been made pursuant to a registration statement in which
                    a final
                    prospectus would have been required to have been delivered in
                    the absence
                    of Rule 172;

                
	____ 	 	____ 	 	
                  b.
                    has been informed that the units of East Coast are offered and
                    sold in
                    reliance upon a federal securities registration; state registrations
                    in
                    Florida, Maryland, New York, South Carolina, North Carolina,
                    Virginia and
                    Georgia; and exemptions from securities registrations in various
                    other
                    states and jurisdictions, and understands that the units to be
                    issued
                    pursuant to this subscription agreement can only be sold to a
                    person
                    meeting requirements of suitability;

                
	____ 	 	____ 	 	
                  c.
                    has been informed that the securities purchased pursuant to this
                    Subscription Agreement have not been registered under the securities
                    laws
                    of any state other than Florida, Maryland, New York, South Carolina,
                    North
                    Carolina, Virginia and Georgia and that East Coast is relying
                    in part upon
                    the representations of the undersigned Subscriber contained
                    herein;

                
	____ 	 	____ 	 	
                  d.
                    has been informed that the securities subscribed for have not
                    been
                    approved or disapproved by the SEC, or the Florida, Maryland,
                    New York,
                    South Carolina, North Carolina, Virginia and Georgia Securities
                    Departments or any other regulatory authority, nor has any regulatory
                    authority passed upon the accuracy or adequacy of the
                    Prospectus;

                
	____ 	 	____ 	 	
                  e.
                    intends to acquire the units for his/her/its own account without
                    a view to
                    public distribution or resale and that he/she/it has no contract,
                    undertaking, agreement or arrangement to sell or otherwise transfer
                    or
                    dispose of any units or any portion thereof to any other
                    person;

                
	____ 	 	____ 	 	
                  f.
                    understands that there is no present market for East Coast's
                    membership
                    units, that the membership units will not trade on an exchange
                    or
                    automatic quotation system, that no such market is expected to
                    develop in
                    the future and that there are significant restrictions on the
                    transferability of the membership units;

                
	____ 	 	____ 	 	
                  g.
                    has been encouraged to seek the advice of his legal counsel and
                    accountants or other financial advisers with respect to investor-specific
                    tax and/or other considerations relating to the purchase and
                    ownership of
                    units;

                

        

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      
        
          	____ 	 	____ 	 	
                  h.
                    has received a copy of the East Coast Operating Agreement, dated
                    July 27,
                    2007, and understands that upon closing the escrow by East Coast,
                    the
                    subscriber and the membership units will be bound by the provisions
                    of the
                    Operating Agreement which contains, among other things, provisions
                    that
                    restrict the transfer of membership units;

                
	____	 	____ 	 	
                  i.
                    understands that the units are subject to substantial restrictions
                    on
                    transfer under certain tax and securities laws along with restrictions
                    in
                    the East Coast Operating Agreement, and agrees that if the membership
                    units or any part thereof are sold or distributed in the future,
                    the
                    subscriber shall sell or distribute them pursuant to the terms
                    of the
                    Operating Agreement, and the requirements of the Securities Act
                    of 1933,
                    as amended, and applicable tax and securities laws;

                
	____ 	 	____ 	 	
                  j.
                    meets the suitability test marked in Item E.5 above and is capable
                    of
                    bearing the economic risk of this investment, including the possible
                    total
                    loss of the investment;

                
	____ 	 	____ 	 	
                  k.
                    understands that East Coast will place a restrictive legend on
                    any
                    certificate representing any unit containing substantially the
                    following
                    language as the same may be amended by the Directors of East
                    Coast in
                    their sole discretion:

                

        

      

       

      THE
        TRANSFERABILITY OF THE MEMBERSHIP UNITS REPRESENTED BY THIS DOCUMENT IS
        RESTRICTED. SUCH UNITS MAY NOT BE SOLD, ASSIGNED, OR TRANSFERRED, NOR WILL
        ANY
        ASSIGNEE, VENDEE, TRANSFEREE OR ENDORSEE THEREOF BE RECOGNIZED AS HAVING
        ACQUIRED ANY SUCH UNITS FOR ANY PURPOSES, UNLESS AND TO THE EXTENT SUCH SALE,
        TRANSFER, HYPOTHECATION, OR ASSIGNMENT IS PERMITTED BY, AND IS COMPLETED
        IN
        STRICT ACCORDANCE WITH, THE TERMS AND CONDITIONS SET FORTH IN THE OPERATING
        AGREEMENT OF THE COMPANY, AS AMENDED FROM TIME TO TIME.

      

      THE
        UNITS
        REPRESENTED BY THIS DOCUMENT MAY NOT BE SOLD, OFFERED FOR SALE, OR TRANSFERRED
        IN ABSENCE OF AN EFFECTIVE REGISTRATION UNDER THE SECURITIES ACT OF 1933,
        AS
        AMENDED, AND UNDER APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL
        SATISFACTORY TO THE COMPANY THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION
        UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER APPLICABLE STATE
        SECURITIES LAWS. 

      

        
          	____ 	 	____ 	 	
                  l.
                    understands that, to enforce the above legend, East Coast may
                    place a stop
                    transfer order with its registrar and stock transfer agent (if
                    any)
                    covering all certificates representing any of the membership
                    units;

                
	____ 	 	____ 	 	
                  m.
                    may not transfer or assign this Subscription Agreement, or any
                    of the
                    subscriber's interest herein without the prior written consent
                    of East
                    Coast;

                
	____ 	 	____ 	 	
                  n.
                    has written his, her, or its correct taxpayer identification
                    number under
                    Item E.2 on this Subscription Agreement;

                
	____ 	 	____ 	 	
                  o.
                    is not subject to back up withholding either because he, she
                    or it has not
                    been notified by the Internal Revenue Service ("IRS") that he,
                    she or it
                    is subject to backup withholding as a result of a failure to
                    report all
                    interest or dividends, or the IRS has notified him, her or it
                    that he is
                    no longer subject to backup withholding (Note this clause (o)
                    should be
                    crossed out if the backup withholding box in Item E.2 is checked);
                    and

                

        

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      
        
          	____

                   

                	 	____ 	 	
                  p.
                    understands that execution of the attached Promissory Note will
                    allow East
                    Coast or its assigns to pursue the obligor for payment of the
                    amount due
                    thereon by any legal means, including, but not limited to, acquisition
                    of
                    a judgment against the obligor in the event that the subscriber
                    defaults
                    on that Promissory Note.

                

        

      

       

      
        
          	
                	7.	
                  Form
                    W-9 or Form W-8BEN.
                    Please provide a completed copy of IRS Form W-9, Request for
                    Taxpayer
                    Identification Number and Certification for U.S. persons or
                    IRS Form W-8BEN, Certificate of Foreign Status of Beneficial
                    Owner for
                    United States Tax Withholding for non U.S. persons.
                    

                

        

         

      

      
        	
                Signature
                  of Subscriber/Joint Subscriber:

              	 	 
	 	 	 
	
                Date: ________________________________________

              	 	 
	 	 	 
	
                Individuals:

              	 	
                Entities:

              
	 	 	 
	_______________________________	 	__________________________________ 
	
                Name
                  of Individual Subscriber (Please Print)

              	 	
                Name
                  of Entity (Please Print)

              
	 	 	 
	_______________________________	 	__________________________________ 
	
                Signature
                  of Individual

              	 	
                Print
                  Name and Title of Officer

              
	 	 	 
	_______________________________	 	__________________________________ 
	
                Name
                  of Joint Individual Subscriber (Please Print)

              	 	
                Signature
                  of Officer

              
	 	 	 
	_______________________________	 	 
	
                Signature
                  of Joint Individual Subscriber

              	 	 

      

       

      ACCEPTANCE
        OF SUBSCRIPTION BY EAST COAST ETHANOL, LLC:

      

      East
        Coast Ethanol, LLC hereby accepts Subscriber's subscription for _____
units.

      

      Dated
        this ___
        day of
        _________________________ ,
        200 __.

      

      
        	
                EAST
                  COAST ETHANOL, LLC

              
	 
	
                By: ___________________________________________

              
	 
	
                Its: ___________________________________________

              

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      PROMISSORY
        NOTE

      

      Date
        of
        Subscription Agreement: ___________________________________, 200_.

       

      $15,000
        per Unit

       

      Minimum
        Investment of 1 Unit ($15,000); Units Sold in 1/3 Unit Increments Thereafter
        ($5,000 each)

      

      
        	____________________ 	 	
                Number
                  of Units Subscribed

              
	 	 	 
	____________________  	 	
                Total
                  Purchase Price ($15,000 per unit multiplied by number of units
                  subscribed)

              
	
                                  (                   )                        

              	 	
                 

                Less
                  Initial Payment (10% of Principal Amount)

              
	 	 	 
	____________________	 	
                Principal
                  Balance

              

      

      

      FOR
        VALUE
        RECEIVED, the undersigned hereby promises to pay to the order of East Coast
        Ethanol, LLC, a Delaware limited liability company ("East Coast"), at its
        principal office located at 1907 Thurmond Mall Post Office Box 2226, Columbia,
        South Carolina 29202, or at such other place as required by East Coast, the
        Principal Balance set forth above in one lump sum to be paid without interest
        within 20 days following the call of the East Coast Board of Directors, as
        described in the Subscription Agreement. In the event the undersigned fails
        to
        timely make any payment owed, the entire balance of any amounts due under
        this
        full recourse Promissory Note shall be immediately due and payable in full
        with
        interest at the rate of 12% per annum from the due date and any amounts
        previously paid in relation to the obligation evidenced by this Promissory
        Note
        may be forfeited at the discretion of East Coast. 

       

      The
        undersigned agrees to pay to East Coast on demand, all costs and expenses
        incurred to collect any indebtedness evidenced by this Promissory Note,
        including, without limitation, reasonable attorneys' fees. This Promissory
        Note
        may not be modified orally and shall in all respects be governed by, construed,
        and enforced in accordance with the laws of the State of South Carolina.
        

       

      The
        provisions of this Promissory Note shall inure to the benefit of East Coast
        and
        its successors and assigns, which expressly reserves the right to pursue
        the
        undersigned for payment of the amount due thereon by any legal means in the
        event that the undersigned defaults on obligations provided in this Promissory
        Note. 

       

      The
        undersigned waives presentment, demand for payment, notice of dishonor, notice
        of protest, and all other notices or demands in connection with the delivery,
        acceptance, performance or default of this Promissory Note. 

       

      Dated:   ,
        200_.

      

      
        	
                OBLIGOR/DEBTOR:

              	 	
                JOINT
                  OBLIGOR/DEBTOR:

              
	 	 	 
	_______________________________________	 	____________________________________________
	
                Printed
                  or Typed Name of Obligor

              	 	
                Printed
                  or Typed Name of Joint Obligor

              
	 	 	 
	
                By:
                  __________________________________________

              	 	
                By:________________________________________________

              
	
                       (Signature)

              	 	
                      (Signature)

              
	 	 	 
	_______________________________________	 	 
	
                Officer
                  Title if Obligor is an Entity

              	 	 
	_______________________________________	 	 
	_______________________________________	 	 
	
                Address
                  of Obligor

              	 	 

      

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      Exhibit
        A

      

      MEMBERS
        SIGNATURE PAGE

      

      ADDENDA
        

      TO
        THE 

      OPERATING
        AGREEMENT OF 

      EAST
        COAST ETHANOL, LLC

      

      The
        undersigned does hereby represent and warrant that the undersigned, as a
        condition to becoming a Member of East Coast Ethanol, LLC, has received a
        copy
        of the Operating Agreement of East Coast Ethanol, LLC (“Operating Agreement”),
        dated July 27, 2007, and, if applicable, all amendments and modifications
        thereto, and does hereby agree that the undersigned, along with the other
        parties to the Operating Agreement, shall be subject to and comply with all
        terms and conditions of said Operating Agreement in all respects as if the
        undersigned had executed said Operating Agreement on the original date thereof
        and that the undersigned is and shall be bound by all of the provisions of
        said
        Operating Agreement from and after the date of execution hereof.

      

      
        	
                Individuals
                  

              	 	
                Entities

              
	 	 	 
	_______________________________________	 	____________________________________________
	
                Name
                  of Individual Member (Please Print)

              	 	
                Name
                  of Entity (Please Print)

              
	 	 	 
	_______________________________________	 	____________________________________________
	
                Signature
                  of Individual

              	 	
                Print
                  Name and Title of Officer

              
	 	 	 
	_______________________________________	 	____________________________________________
	
                Name
                  of Joint Individual Member (Please Print)

              	 	
                Signature
                  of Officer

              
	 	 	 
	_______________________________________	 	 
	
                Signature
                  of Joint Individual Member

              	 	 
	 	 	 
	 	 	 
	
                Agreed
                  and accepted on behalf of the

              	 	 
	
                Company
                  and its Members:

              	 	 
	 	 	 
	
                EAST
                  COAST ETHANOL, LLC

              	 	 
	 	 	 
	
                BY:______________________________________________

              	 	 
	 	 	 
	
                ITS:______________________________________________

              	 	 

      

       

      
        
          
          

        

        
          9ESCROW
      AGREEMENT

    

    THIS
      ESCROW AGREEMENT (this “Agreement”) made and entered into this 19th
      day of
September,
      2008,
      by and among BB and T Corporation, a federally-insured deposit organization
      located at Columbia, South Carolina (hereinafter referred to as “Escrow Agent”)
      and East Coast Ethanol, LLC, a Delaware limited liability company (hereinafter
      referred to as “Escrower”).

    

    WITNESSETH:

    

    WHEREAS,
      Escrower proposes to engage in an offering of its Membership Units (hereinafter
      the “Units”) in an offering registered with the Securities and Exchange
      Commission and in the states of North Carolina, South Carolina, Florida,
      Georgia, Virginia, Maryland and New York and possibly offered in other states
      and foreign jurisdictions pursuant to securities registration exemptions and
      under the provisions of the Securities Act of 1933, as amended (hereinafter
      the
“Offering”) in order to raise money for the construction and operation of four
      ethanol plants;

    

    WHEREAS,
      Escrower desires to comply with the requirements of federal and state securities
      laws and regulations, and desires to protect the investors in the Offering
      by
      having all money raised as part of said capital funds campaign held by an Escrow
      Agent until the Minimum Escrow Deposit (hereinafter defined) is deposited with
      the Escrow Agent; and

    

    WHEREAS,
      Escrow Agent has agreed to hold all funds for Escrower pursuant to the terms
      of
      this Agreement.

    

    NOW
      THEREFORE, in consideration of Ten Dollars ($10.00) and other good and valuable
      consideration, the receipt and sufficiency of which is hereby acknowledged,
      the
      parties agree as follows:

    

    1. Establishment
      of Escrow Account.
      An
      escrow account (hereinafter the “Escrow Account”) is hereby established with the
      Escrow Agent for the benefit of the investors in the Offering. Except as
      specifically provided in this Agreement, the Escrow Account shall be created
      and
      maintained subject to the customary rules and regulations of the Escrow Agent
      pertaining to such accounts. 

    

    2. Ownership
      of Escrow Account.
      Until
      such time as the funds deposited in the Escrow Account (hereinafter the
“Deposited Funds”) shall equal the Minimum Escrow Deposit (as hereinafter
      defined), all funds deposited in the Escrow Account by Escrower shall not become
      the property of Escrower or be subject to the debts of Escrower or any other
      person but shall be held by the Escrow Agent solely for the benefit of investors
      who have purchased Units in the Offering. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3. Deposit
      of Proceeds.
      Upon
      execution of this Agreement, Escrower, or its placement agents, shall deliver
      to
      the Escrow Agent escrow funds to be held by Escrow Agent pursuant to the terms
      of this Agreement. The delivery of escrow funds from the Escrower to the Escrow
      Agent shall be accompanied by corresponding information regarding the name,
      address, social security number or taxpayer identification number and date
      of
      birth (for natural persons) of each person or entity purchasing Units, the
      number of Units purchased, and the amount paid by each such purchaser. Escrower
      shall also provide for each subscriber IRS Form W-9 or IRS Form W-8BEN, as
      may
      be applicable. Escrower shall transmit such information electronically in a
      format acceptable to Escrow Agent. As
      the
      proceeds of each sale are deposited with the Escrow Agent, Escrower shall
      reserve the number of Units confirmed to the purchaser thereof in connection
      with such sale. Escrower
      may make additional deposits of escrow funds into escrow at any time at
      Escrower’s discretion. All such deposited proceeds are referred to herein as the
“Escrow Funds”. The Escrow Agent shall reserve the right to reject any funds for
      escrow deposit if, in the opinion of the Escrow Agent, the acceptance of such
      funds would cause a violation of the U.S. Patriot Act, Bank Secrecy Act, FSA
      Money Laundering Directives or OFAC Regulations. Any funds to be deposited
      via
      wire transfer shall not be wired for deposit until Escrow Agent confirms its
      ability to accept said funds for escrow deposit. In connection with any
      rejection of said funds for escrow deposit, the Escrow Agent shall provide
      reasonable evidence of such potential violation to the Escrower including,
      without limitation, documentation of the procedures and processes used by the
      Escrow Agent and the facts upon which Escrow Agent relied in making its
      determination to reject such funds for escrow deposit. 

    

    4. Investment
      of Escrow Account.
      The
      Escrow Funds shall be credited by the Escrow Agent and recorded in the Escrow
      Account. The Escrow Agent is hereby authorized to deposit, transfer, hold and
      invest all funds received under this Agreement, including principal and
      interest, in those investments directed in writing by Escrower. Escrow Agent
      is
      hereby authorized to invest Escrow Funds in the Goldman Sachs Financial Square
      Treasury Obligations Fund # 469 (the “TOF”) for temporary investment without
      written direction until such time as the money is to be paid out according
      to
      the terms of this Agreement. Any interest received by the Escrow Agent with
      respect to the Escrow Funds shall be paid to Escrower, or the investors, as
      indicated elsewhere in this Agreement.

    

    5. Limitation
      of Liability and Indemnification of Escrow Agent.
      The
      Escrow Agent shall not be obligated to disburse the Escrow Funds except as
      provided herein. Without limiting the generality of the foregoing, should any
      party claim that it is entitled to receive all of any part of the Escrow Funds,
      then Escrow Agent shall not be obligated to disburse the Escrow Funds to the
      party claiming the same without the prior written consent of the Escrower.
      In
      performing any of its duties with respect to the Escrow Account, the Escrow
      Agent shall not be liable for any loss, costs, or damages which it may incur
      as
      a result of serving as escrow agent hereunder, except for any loss, costs,
      or
      damages arising out of its willful default or gross negligence. Escrower agrees
      to indemnify and hold harmless the Escrow Agent from and against any and all
      losses, claims, damages, liabilities and expenses, including without limitation,
      reasonable costs of investigation and attorney’s fees and disbursements, which
      may be imposed upon or incurred by the Escrow Agent in connection with the
      performance of its obligations under this Agreement. In the event of any dispute
      between the parties to this Agreement, in the sole discretion of Escrow Agent
      to
      justify its doing so, the Escrow Agent shall be entitled to tender into the
      registry or custody of any court of competent jurisdiction all money or property
      in its hands held under the terms of this Agreement, together with such legal
      pleadings as it deems appropriate, and thereupon the Escrow Agent shall be
      discharged from any further obligation under this Agreement.

     

    
      
        
        

      

      
        Page
          2 of
          7

        
          

        

      

      
        
        

      

    

     

    6. Termination
      of Escrow.
      This
      Agreement and the Escrow created hereunder shall be terminated as provided
      in
      paragraph 7 hereof or as of the date in calendar year 2009 (the “Termination
      Date”), which is one year and one day following the date in calendar year 2008
      upon which the Securities and Exchange Commission declares the Offering
      effective (the “Offering Effective Date”). Escrower shall notify Escrow Agent of
      the Offering’s Effective Date within thirty (30) days of the receipt of notice
      of the Offering’s Effective Date from the Securities and Exchange
      Commission.

    

    7. Disposition
      of Escrow Funds.
      The
      Escrow Agent shall have the following duties and obligations under this
      Agreement:

    

    a. The
      Escrow Agent shall give the Escrower prompt written notice when the Deposited
      Funds equal $25,365,000 (exclusive of interest). Any time following receipt
      of
      such notice and prior to the first day of the 11th
      month
      following the effective date of the Escrower’s registration statement, the
      Escrower will advise the purchasers of Units to remit to the Escrow Agent the
      balance of the purchase price within twenty (20) days. Thereafter, Escrow Agent
      shall give the Escrower written notice acknowledging the receipt of the
      Deposited Funds every seven days. The Escrow Agent shall give the Escrower
      prompt written notice when the Deposited Funds total $253,650,000 (exclusive
      of
      interest). 

    

    b. At
      the
      time (and in the event) that: (i) the Deposited Funds shall, during the term
      of
      this Agreement, equal $253,650,000 in subscription proceeds (exclusive of
      interest) (the “Minimum Escrow Deposit”); (ii) the Escrow Agent
      shall
      have received written confirmation from the Escrower that the Escrower has
      obtained a written debt financing commitment for debt financing ranging from
      a
      minimum of approximately $269,875,000 to a maximum of approximately
      $608,050,000; (iii) the Escrower has affirmatively elected in writing to
      terminate this Agreement; and (iv)
      the
      Escrow Agent shall have provided to each state securities department in which
      the Escrower has registered its securities for sale, as communicated to the
      Escrow Agent by the Escrower, an affidavit stating that the foregoing
      requirements (i), (ii) and (iii) of this subsection 7b have been satisfied,
      then
      this Agreement shall terminate, and the Escrow Agent shall promptly disburse
      the
      funds on deposit, including interest, to the Escrower to be used in accordance
      with the provisions set out in the Registration Statement. The Escrower will
      deliver a copy of the Registration Statement to the Escrow Agent upon execution
      of this Agreement. The Escrow Agent will have no responsibility to examine
      the
      Registration Statement with regard to the Escrow Account or otherwise and the
      Registration Statement shall contain a provision to such effect. Upon the making
      of such disbursement, the Escrow Agent shall be completely discharged and
      released of any and all further responsibilities hereunder.

     

    
      
        
        

      

      
        Page
          3 of
          7

        
          

        

      

      
        
        

      

    

     

    c. In
      the
      event the Deposited Funds do not equal or exceed the Minimum Escrow Deposit
      on
      or before the Termination Date or if the Escrower has not received a written
      debt financing commitment as described herein on or before the Termination
      Date,
      the Escrow Agent shall return to each of the purchasers of the Units in the
      Offering, as promptly as possible after such Termination Date and on the basis
      of its records pertaining to the Escrow Account: (i) the sum which each
      purchaser initially paid in on account of purchases of the Units in the Offering
      and (ii) each purchaser’s portion of the total interest earned on the Escrow
      Account as of the Termination Date. Computation of any purchaser’s share of the
      interest earned will be a weighted average based on the proportion of such
      purchaser’s deposit in the Escrow Account from the Offering to all such
      purchasers’ deposits held by the Escrow Agent and upon the length of time in
      days such deposit was held in the Escrow Account as compared to all such
      deposits. All computations with respect to each purchaser’s allocable share of
      net interest shall be made by the Escrow Agent, which determinations shall
      be
      final and conclusive. Any amount paid or payable to a purchaser pursuant to
      this
      paragraph shall be deemed to be the property of such purchaser, free and clear
      of any and all claims of the Escrower or its agents or creditors; and the
      respective purchases of the Units made and entered into in the Offering shall
      thereupon be deemed, ipso facto, to be cancelled without any further liability
      of the purchasers or any of them to pay for the Units purchased. At such time
      as
      the Escrow Agent shall have made all the payments called for in this paragraph,
      the Escrow Agent shall be completely discharged and released of any and all
      further responsibilities hereunder, and the Units reserved (as provided in
      paragraph 3) shall be released from such reservation, except that Escrow Agent
      shall be required to prepare and issue a single IRS Form 1099 to each investor
      in the event that funds are returned to investors.

    

    8. Fees.
      Escrower
      agrees to pay the Escrow Agent the fees specified in the Escrow Agent’s fee
      schedule attached hereto as Exhibit A, in the manner set forth therein, unless
      otherwise agreed to by the parties in writing. Escrower shall be solely
      responsible for the payment of such fees and the Escrow Agent shall not seek
      payment of the fees from investors or apply any principal deposited by investors
      in the Escrow Account or any interest accrued thereon against such fees.

    

    9. Miscellaneous
      Provisions:

    

    a. Notice.
      All
      notices, requests, demands, tenders and other communications required or
      permitted hereunder shall be made in writing and shall be deemed to be duly
      given if delivered in person or mailed certified mail, return receipt requested,
      to the addresses set forth herein. Either party hereto may change the address
      to
      which notices, requests, demands, tenders and other communications to such
      party
      shall be delivered or mailed by giving notice to the other party hereto in
      the
      manner herein provided.

    

    If
      to
      Escrow Agent:

     

    BB
      and T
      Corporation

    Attn:
      Robert Metcalfe

    1901
      Assembly Street

    Columbia,
      SC 29201

    Fax:
      (803) 251-1777

     

    
      
        
        

      

      
        Page
          4 of
          7

        
          

        

      

      
        
        

      

    

     

    If
      to
      Escrower:

    

    East
      Coast Ethanol, LLC

    1907
      Thurmond Mall, 

    Post
      Office Box 2226, 

    Columbia,
      SC 29202 

    Attention:
      John F. Long 

    Fax:
      (803)
      799-5658   

    Phone:
      (803)
      748-8151

     

    with
      a
      required copy to:

    

    Brown,
      Winick, Graves, Gross, Baskerville and Schoenebaum, P.L.C.

    666
      Grand
      Avenue, Suite 2000

    Des
      Moines, IA 50309

    Attention:
      Valerie D. Bandstra

    Fax:
      (515) 323-8559

    Phone:
      (515) 242-2459

    

    b. Waiver.
      Any
      term or condition of this Agreement may be waived at any time by the party
      which
      is entitled to the benefit thereof, but such waiver shall only be effective
      if
      evidenced by a writing signed by such party. A waiver on one occasion shall
      not
      be deemed to be a waiver of the same or any other breach on another
      occasion.

    

    c. Survival
      of Representations.
      All
      statements and agreements contained herein shall be deemed representation,
      warranties, covenants and agreements made by the respective parties to this
      Agreement and shall survive the consummation of the transactions contemplated
      herein and the passing of title to any property.

    

    d. Amendments.
      This
      Agreement may be amended or modified only by a writing signed by both of the
      parties hereto. 

    

    e. Successors
      and Assigns.
      No
      party hereto shall assign this Agreement or any rights or obligation hereunder
      without the prior written consent of the other parties hereto. This Agreement
      shall be binding upon and shall inure to the benefit of the parties hereto
      and
      their respective successors and assigns.

    

    f. Governing
      Law.
      The
      validity and effect of this Agreement shall be governed, construed and enforced
      under the laws of the State of South Carolina. 

    

    g. Entire
      Agreement.
      This
      Agreement contains all of the terms agreed upon by the parties with respect
      to
      the subject matter hereof and there are not representations or understandings
      between the parties except as provided herein.

    

    h. Section
      Headings.
      Section
      headings contained in this Agreement are solely for convenience of reference
      and
      shall not affect the meaning or interpretation of this Agreement or of any
      term
      or provision hereof.

     

    
      
        
        

      

      
        Page
          5 of
          7

        
          

        

      

      
        
        

      

    

     

    i. Time.
      Time
      shall be of the essence in this Agreement.

    

    j. Invalid
      Provision to Affect No Other.
      If
      fulfillment of any provision hereof or in any other agreement of even date
      or
      entered into in connection herewith or any transaction related thereto, at
      the
      time performance of such provisions shall be due, shall involve transcending
      that limit of validity presently prescribed by any applicable usury statute
      or
      any other applicable law, with regard to obligations of like character and
      amount, then ipso facto, the obligation to be fulfilled shall be reduced to
      the
      limit of such validity; and if any clause or provision herein of therein
      contained operates or would prospectively operate to invalidate this agreement,
      or any other agreement of even date herewith entered into in connection
      herewith, in whole or in part, then such clause or provision only shall be
      held
      for naught, as though not herein or therein contained, and the remainder of
      this
      Agreement or such other agreements shall remain operative and in full force
      and
      effect.

    

    k. Counterpart.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original and all of which together shall be considered one and the
      same agreement.

    

    l. Construction
      of Agreement.
      No
      provision of this Agreement shall be construed against or interpreted to the
      disadvantage of any party hereto or thereto by any court or other governmental
      or judicial authority by reason of such party having or being deemed to have
      structured or dictated such provision.

     

    IN
      WITNESS WHEREOF, the undersigned have executed this Agreement the day and year
      first above written.

    

    
      	
              ESCROWER:

            	 	
              ESCROW
                AGENT:

            
	 	 	 	 	 
	
              EAST
                COAST ETHANOL, LLC

            	 	
              BB
                & T

            
	 	 	 	 	 
	
              By:  

            	
              /s/
                Randy D. Hudson

            	 	
              By:  

            	
              /s/
                Geoff Gilley

            
	 	
              Randy
                Hudson

            	 	 	 
	 	 	 	 	 
	
              Title:

            	
              Chief
                Executive Officer

            	 	
              Title:

            	
              Vice
                President

            
	 	 	 	 	 
	
              Notary
                Public:

            	 	
              Notary
                Public: _______________________________

            
	 	 	 	 	 
	
              Sworn
                to and subscribed before me

              this
                19th day of September, 2008.

            	 	
              Sworn
                to and subscribed before me

              this
                19th day of September, 2008

            
	 	 	 	 	 
	
              /s/
                Felicia A. Register

            	 	
              /s/
                Dvonne McNealy

            
	 	 	 	
              My
                Commission Expires March 27, 2011

            

    

     

    
      
        
        

      

      
        Page
          6 of
          7

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    

    FEE
      SCHEDULE

     

    1.
      One-Time
      Fee: Each
      calendar quarter during which this Escrow Agreement is in effect, Escrow Agent
      shall notify Escrower of the number of subscribers for such calendar quarter
      and
      Escrower shall pay to the Escrow Agent a one-time fee of $50 per subscriber
      (“One-Time Fee”). The One-Time Fee shall be payable upon Escrower’s receipt of
      notice of the number of subscribers from Escrow Agent. The One-Time Fee shall
      be
      paid to Escrow Agent regardless of whether the Escrow Funds are eventually
      released to Escrower or are returned to investors. The One-Time Fee shall be
      payable solely by the Escrower and shall not be deducted from interest accrued
      while the Escrow Funds were invested by the Escrow Agent in the TOF.

    

    2.
      Operating
      Expense Fee: Escrow
      Agent shall receive an annual fee in the amount of 25 basis points multiplied
      by
      the amount of Escrow Funds invested in the TOF (“Operating Expense Fee”). The
      Operating Expense Fee represents a portion of the fee typically charged by
      the
      TOF for management of the Escrow Funds invested in the TOF. If disbursement
      of
      the Escrow Funds as contemplated by Section 7(b) hereof occurs before Escrow
      Agent receives $100,000 in Operating Expense Fees, Escrower shall pay the Escrow
      Agent an amount equal to the difference between $100,000 and the Operating
      Expense Fee earned until such time. In the event the Escrow Funds are returned
      to investors as contemplated by Section 7(c) hereof (“Termination Event”),
      Escrow Agent shall retain the Operating Expense Fee it has earned until such
      time and shall only receive the One-Time Fee from the Escrower. Upon occurrence
      of the Termination Event, all fees payable to the Escrow Agent according to
      this
      Exhibit A shall be payable solely by the Escrower and shall not be deducted
      from
      interest accrued while the Escrow Funds were invested by the Escrow Agent in
      the
      TOF. 

     

    
      
        
        

      

      
        Page
          7 of
          7

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