Document:

CERTIFICATE
      OF MEMBERSHIP UNITS

     

    

    
      	
              Number

            	
              

            	
              Membership 
                Units

            
	
              

            	 	
              

            

    

     

     

      EAST
        COAST ETHANOL, LLC

      A
        Limited Liability Company Organized Under the Laws of the State of
        Illinois 

    

    

    THIS
      CERTIFIES THAT _____________________________________is/are
      the owner(s)
      of       UNITS
      of
      the Membership Units of EAST
      COAST ETHANOL, LLC,
      a
      Delaware limited liability company. Changes in the actual Membership Units
      held
      by the Members are reflected in the Certificate of Registration of the
      Company.

    

    The
      Membership Units represented by this Certificate may not be transferred or
      assigned except in compliance with the Operating Agreement of the Company,
      a
      copy of which is available at the principal office of the Company.

    

    IN
      WITNESS WHEREOF, the Company has caused this Certificate to be signed by its
      duly authorized President and Secretary as of this            day
                     of __________,
      20.

    

    
      	
               
                
                
Randy
                D. Hudson, President

            	
               
                
                
Julius
                P. Thompson III, Secretary

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    FOR
      VALUE RECEIVED,_______hereby
      sell, assign, and transfer unto  Units
      represented by the within Certificate, and do hereby irrevocably constitute
      and
      appoint 
      Attorney to transfer the said Units on the books of the within named Company
      with full power of substitution in the premises.

    

    Dated
      ___________________ ,
      ______.

    

    In
      Presence of

    _____________________________

     

                                                                                            
      ___________________________________

    

                                    
      ___________________________________

    

    
      	 	
              THE
                MEMBERSHIP INTEREST (UNITS) OF THE COMPANY REPRESENTED BY THIS INSTRUMENT
                HAS NOT BEEN REGISTERED UNDER ANY SECURITIES LAW AND THE TRANSFERABILITY
                OF SUCH MEMBERSHIP INTEREST (UNITS) IS RESTRICTED. SUCH MEMBERSHIP
                INTEREST (UNITS) MAY NOT BE SOLD, OFFERED FOR SALE, ASSIGNED OR
                TRANSFERRED, NOR WILL ANY ASSIGNEE, VENDEE, TRANSFEREE OR ENDORSEE
                THEREOF
                BE RECOGNIZED AS HAVING ACQUIRED ANY SUCH MEMBERSHIP INTEREST (UNITS)
                BY
                THE ISSUER FOR ANY PURPOSES, UNLESS (I) A REGISTRATION UNDER THE
                SECURITIES ACT OF 1933 (AS AMENDED) WITH RESPECT TO SUCH MEMBERSHIP
                INTEREST (UNITS) SHALL THEN BE IN EFFECT AND SUCH TRANSFER HAS BEEN
                QUALIFIED UNDER APPLICABLE STATE SECURITIES LAWS, OR (II) THE AVAILABILITY
                OF AN EXEMPTION FROM SUCH REGISTRATION AND QUALIFICATION SHALL BE
                ESTABLISHED TO THE SATISFACTION OF COUNSEL TO THE
                COMPANY.

            

    

    

    
      	 	
              ADDITIONALLY,
                NO MEMBERSHIP INTEREST (UNITS) REPRESENTED BY THIS INSTRUMENT MAY
                BE SOLD,
                ASSIGNED, PLEDGED, GIFTED, BEQUEATHED OR OTHERWISE TRANSFERRED EXCEPT
                AS
                PROVIDED IN THE OPERATING AGREEMENT OF THE COMPANY. COPIES OF THE
                OPERATING AGREEMENT ARE AVAILABLE FOR INSPECTION AT THE PRINCIPAL
                OFFICE
                OF THE COMPANY.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 1058,
      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.

            	
              Title,
                if applicable

            	
              _________________________________________________________

            
	
              3.

            	
              Subscriber's
                Address

            	 
	 	
              Street
                

            	
              _________________________________________________________

            
	 	
              City,
                State, Zip Code

            	
              _________________________________________________________

            
	
              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 22,545 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. 

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    INSTRUCTIONS
      IF YOU ARE SUBSCRIBING PRIOR
      TO THE COMPANY’S RELEASE OF FUNDS FROM ESCROW:
      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 page 6 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 “________________,
      escrow agent for East Coast Ethanol, LLC.”
You
      will determine this amount in box C.2 on page of
      this
      Subscription Agreement.

    

    3. Execute
      the Promissory Note and Security Agreement on page 7 of
      this
      Subscription Agreement evidencing your commitment to pay the remaining 90%
      due
      for the units. The Promissory Note and Security Agreement is attached to this
      Subscription Agreement and grant East Coast Ethanol, LLC a security interest
      in
      your units.

    

    4.
       Deliver
      the original executed documents referenced in paragraphs 1 and 3 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 1058

    Columbia,
      South Carolina 29202

    

    5. 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 “______________,
      escrow agent for East Coast Ethanol, LLC”
in
      satisfaction of the Promissory Note and Security Agreement. You will determine
      this amount in box C.3 on page 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 and Security Agreement, East Coast shall be entitled to retain your first
      installment and to seek other damages, as provided in the Promissory Note and
      Security Agreement. 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 _______________. The
      funds will be released to East Coast or returned to you in accordance with
      the
      escrow arrangements 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
      promptly returned to you, 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. 

    

    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 page 6 and the Member Signature Page to our Second
      Amended and Restated 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.
       Deliver
      the original executed documents referenced in paragraph 1 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 1058 

    Columbia,
      South Carolina 29202

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    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)
      799-0033.

    

    
      	
              NAME

            	 	
              POSITION

            	 	
              PHONE
                NUMBER

            
	
              Randall
                Dean Hudson

            	 	
              President/CEO
                & Director

            	 	
              229-425-2044

            
	
              Dennie
                K. 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:

    

    
      	 	
              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
                6.)

            

    

    
      	 	 	 

      	 	
              
                o

              

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

            

    

    
      	 	 	 

      	 	
              
                
                  o

                

              

            	
              Trust
                

            

      	 	 	 

      	 	 	Trustee’s
              Name: _________________________________________

      	 	 	 

      	 	 	Trust
              Date:
              _____________________________________________

      	 	 	 

      	 	
              o

            	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.

            

    

     

    
      	 	
              o

            	
              Check
                box if you are a non-resident alien

            

      	 	 	 

      	 	
              o

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

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	 	
              o

            	
              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.
                You cannot invest in East Coast unless you meet one of the following
                suitability tests (a or b) 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.

            

    

    

    
      	 	
              a. o

            	
              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. o 

            	
              I
                (We) have a net worth of at least $100,000, exclusive of home, furnishings
                and automobiles;

            

    

    

    
      	 	
              c. o 

            	
              I
                (We) have a net worth of $150,000, 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, Georgia
                and
                Tennessee; and exemptions from securities registrations in various
                other
                states, and understands that the units to be issued pursuant to this
                subscription agreement can only be sold to a person meeting requirements
                of suitability;

            

    

    
    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     

    
      	_____	
              _____

            	
               

            	
              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,
                Georgia and Tennessee 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, Georgia and Tennessee 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;

            

    

    
      	 	 	 	 	 

      	_____	
              _____

            	
               

            	
              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.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

     

    
      	_____	_____	 	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 (p) should
                be
                crossed out if the backup withholding box in Item E.2 is checked);
                

            

    

    
      	 	 	 	 	 

      	_____	
              _____

            	
               

            	
              p.

            	
              understands
                that execution of the attached Promissory Note and Security Agreement
                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 and Security Agreement;
                and

            

    

    
      	 	 	 	 	 

      	_____	
              _____

            	
               

            	
              q.

            	
              acknowledges
                that East Coast may retain possession of certificates representing
                subscriber’s units to perfect its security interest in those
                units.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

      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
      AND SECURITY AGREEMENT

    

    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 1058, 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 and Security Agreement 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 and Security Agreement 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 and
      Security Agreement, including, without limitation, reasonable attorneys' fees.
      This Promissory Note and Security Agreement 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 and Security Agreement 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 and Security Agreement. 

     

    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 and Security
      Agreement. 

     

    The
      undersigned grants to East Coast, and its successors and assigns (“Secured
      Party”), a purchase money security interest in all of the undersigned’s
      membership units of East Coast now owned or hereafter acquired. This security
      interest is granted as non-exclusive collateral to secure payment and
      performance on the obligation owed Secured Party from the undersigned evidenced
      by this Promissory Note and Security Agreement. The undersigned further
      authorizes Secured Party to retain possession of certificates representing
      such
      membership units and to take any other actions necessary to perfect the security
      interest granted herein. 

    

    Dated:______________ ,
      200_.

    

    
      
        	OBLIGOR/DEBTOR:	 	JOINT
                OBLIGOR/DEBTOR:
	 	 	 
	
                
                  

                

                Printed
                  or Typed Name of Obligor

              	 	
                
                  

                  Printed
                    or Typed Name of Joint Obligor

                

              
	 	 	 
	
                By:
                  

                 

                
                  

                

                (Signature)

              	 	
                By:
                  

                 

                
                  

                

                (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

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