Document:

Exhibit 4.2

AKRON
RIVERVIEW CORN PROCESSORS, LLC

SUBSCRIPTION AGREEMENT

Limited Liability Company Membership Units

$1,000 per
Unit

Minimum
Investment of 25 Units ($25,000)

1 Unit Increments Thereafter ($1,000)

The undersigned subscriber (“Subscriber”), desiring to
become a member Akron Riverview Corn Processors, LLC (“ARCP”), an Iowa limited
liability company, with its principal place of business at 4808 F Avenue,
Marcus, Iowa 51035 hereby subscribes for the purchase of membership units of
ARCP, 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

  	
   

  	
   

  
	
   

  	
  5.

  	
  Home Telephone Number

  	
   

  	
   

  
	
   

  	
  6.

  	
  Business Telephone Number

  	
   

  	
   

  
	
   

  	
  7.

  	
  Mobile Telephone Number

  	
   

  	
   

  

 

B.            NUMBER OF UNITS
PURCHASED. You must
purchase at least 25 units.  The minimum
number of units to be sold is 70,000 and the maximum number of units to be sold
in the offering is 100,000.

	
  

  	
   

  	
   

  
	
   

  	
  Unit(s)

  	
   

  

 

C.                                     PURCHASE PRICE.  Indicate the dollar amount of your investment
(minimum investment is $25,000).

	
  

  	
  Total Purchase
  Price

  	
   

  	
  =

  	
   

  	
  1st Installment

  	
   

  	
  +

  	
   

  	
  2nd Installment

  	
   

  	
   

  
	
  ($1,000 per unit
  multiplied

  by number of units)

  	
   

  	
  (10% of Total
  Purchase Price)

  	
   

  	
  (90% of Total
  Purchase Price)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
  =

  	
  2.

  	
  +

  	
  3.

  	
   

  

 

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 ARCP.

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.

 1
 

2.             Immediately provide
a personal (or business) check for the first installment of ten percent (10%)
of your investment amount.  The check
should be made payable to “                                      ,
escrow agent for ARCP, LLC.”  You
will determine this amount in box C.2 on page 1 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 ninety percent (90%) due for the units.  The Promissory Note and Security Agreement is
attached to this Subscription Agreement and grants ARCP, 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:

Akron Riverview Corn
Processors, LLC

c/o LSCP, LLLP

4808
F Avenue

Marcus, Iowa 51035

5.            Within 20 days of written notice
from ARCP that your subscription has been accepted, you must remit an
additional personal (or business) check for the second installment of ninety
percent (90%) of your investment amount made payable to “                                        ,
escrow agent for Akron Riverview Corn Processors, LLC” in satisfaction of
the Promissory Note and Security Agreement. 
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 twenty (20) days of
the date of ARCP’s written notice. If you fail to pay the second installment
pursuant to the Promissory Note and Security Agreement, ARCP 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 ARCP’s escrow
account at                                           .  The funds will be released to ARCP or
returned to you in accordance with the escrow agreement described in the
Prospectus.  ARCP, in its sole
discretion, may reject or accept part or all of your subscription.  If ARCP rejects your subscription, your
Subscription Agreement and investment will be promptly returned to you, plus
nominal interest, less escrow fees.  ARCP
may defer consideration of 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 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 “Akron Riverview Corn Processors, 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:

Akron Riverview
Corn Processors, LLC

c/o LSCP, LLLP

4808 F Avenue

Marcus,
Iowa 51035

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.  ARCP may, in its sole discretion, reject or accept part or all of your
subscription.  If ARCP rejects your
subscription, your Subscription Agreement and investment will be returned to
you promptly.  ARCP may defer
consideration of the acceptance or rejection of your subscription until a
future date near the end of this offering.

 2
 

You may
direct your questions to any of our directors or officers listed below or to
ARCP c/o LSCP, LLLP at (712) 376-2800.

	
  NAME

  	
   

  	
  POSITION

  	
   

  	
  PHONE NUMBER

  
	
  Steve Roe

  	
   

  	
  Chief Executive Officer

  	
   

  	
  (712) 376-2800

  
	
  Gary Grotjohn

  	
   

  	
  Chief Financial Officer

  	
   

  	
  (712) 376-2800

  
	
  Myron Pingel

  	
   

  	
  Vice Chairman and Director

  	
   

  	
  (712) 225-2167

  
	
  Tim Ohlson

  	
   

  	
  Secretary and Director

  	
   

  	
  (712) 443/8816

  
	
  Verdell Johnson

  	
   

  	
  Director

  	
   

  	
  (712) 436-2215

  
	
  Vince Davis

  	
   

  	
  Director

  	
   

  	
  (712) 299-1212

  

 

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 Resolution, 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

  
	
  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.

  
	
   

  	
   

  	
   

  

 

 3
 

5.                                       Suitability Standards.  You cannot invest in ARCP 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.

6.                                       Subscriber’s Representations and Warranties.  You must read and 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 ARCP that
he, she or it:

	
  

  	
   

  	
   

  	
   

  	
  a.             has
  received a copy of ARCP’s Prospectus dated [DATE OF EFFECTIVENESS] and the
  exhibits thereto;

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  b.             has
  been informed that the units of ARCP are offered and sold in reliance upon a
  federal securities registration; state registrations in Iowa, Nebraska and
  South Dakota; 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;

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  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 Iowa, Nebraska and South Dakota and that ARCP 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 Iowa, Nebraska and South Dakota 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 ARCP’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 ARCP Operating Agreement, dated November 27, 2006, and
  understands that upon closing the escrow by ARCP, 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 ARCP 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;

  
	
   

  	
   

  	
   

  	
   

  

 

 4
 

 

	
  

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  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 ARCP 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 ARCP in their sole discretion:

  
	
   

  	
   

  	
   

  	
   

  

 

THE
TRANSFERABILITY OF THE MEMBERSHIP UNITS REPRESENTED BY THIS CERTIFICATE IS
RESTRICTED.  SUCH UNITS MAY NOT BE SOLD,
ASSIGNED, OR TRANSFERRED, AND NO ASSIGNEE, VENDEE, TRANS­FEREE OR ENDORSEE
THEREOF WILL 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, APPLICABLE FEDERAL
AND STATE LAW AND THE TERMS AND CONDITIONS SET FORTH IN THE OPERATING AGREEMENT
OF THE COMPANY, AS AMENDED FROM TIME TO TIME.

THE SECURITIES
REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, OFFERED FOR SALE OR
TRANSFERRED IN THE 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, ARCP 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 ARCP;

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  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);

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  p.             understands
  that execution of the attached Promissory Note and Security Agreement will
  allow ARCP 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 ARCP may retain possession of certificates representing subscriber’s
  units to perfect its security interest in those units.

  
	
   

  	
   

  	
   

  

 

 5
 

 

	
  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 AKRON RIVERVIEW CORN PROCESSORS, LLC:

Akron
Riverview Corn Processors, LLC hereby accepts Subscriber’s subscription for                       
units.

Dated this           day
of                                     ,
200     .

Akron Riverview Corn Processors, LLC

	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Its:

  	
   

  	
   

  

 

 6
 

PROMISSORY
NOTE AND SECURITY AGREEMENT

Date of Subscription
Agreement:                                                                       ,
200    .

$1,000 per
Unit

Minimum Investment of 25 Unit
($25,000); Units Sold in 1 Unit Increments Thereafter ($1,000 each)

	
  

  	
  Number of Units
  Subscribed

  
	
   

  	
   

  
	
   

  	
  Total Purchase
  Price ($10,000 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 Akron Riverview Corn Processors, LLC, an Iowa limited
liability company (“ARCP”), at its principal office located at 4808 F Avenue,
Marcus, Iowa 51035,
or at such other place as required by ARCP, the Principal Balance set forth
above in one lump sum to be paid without interest within 20 days following the
call of the ARCP 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 ARCP.

The
undersigned agrees to pay to ARCP 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 Iowa.

The
provisions of this Promissory Note and Security Agreement shall inure to the
benefit of ARCP 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 ARCP, and its successors and assigns (“Secured Party”), a
purchase money security interest in all of the undersigned’s membership units
of ARCP 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:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  (Signature)

  	
   

  	
  (Signature)

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Officer Title if Obligor is an Entity

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address of Obligor

  	
   

  	
   

  
												

 

 7

Exhibit A

MEMBER
SIGNATURE PAGE

ADDENDUM TO THE

OPERATING AGREEMENT

OF AKRON
RIVERVIEW CORN PROCESSORS, LLC

The undersigned
does hereby warrant, represent, covenant and agree that:  (i) the undersigned, as a condition to
becoming a Member in Akron Riverview Corn Processors, LLC, has received a copy
of the Operating Agreement dated November 27, 2006, and, if applicable, all
amendments and modifications thereto; (ii) the undersigned shall be subject to
and comply with all terms and conditions of such Operating Agreement in all
respects, as if the undersigned had executed said Operating Agreement on the
original date thereof; and (iii) the undersigned is and shall be bound by all
of the provisions of said Operating Agreement from and after the date of
execution of this Addendum.

	
  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

  	
   

  
					

 

With respect to this Member Signature Page, the
Member’s Class of Membership Units is Class:

(Identify)                A  o                       B  o

Agreed to and Accepted on Behalf of the

Company and its Members:

	
  AKRON RIVERVIEW CORN PROCESSORS, LLC

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  
	
   

  
	
  Its:Exhibit
4.3

UNIT PURCHASE AND SUBSCRIPTION AGREEMENT

THIS UNIT
PURCHASE AND SUBSCRIPTION AGREEMENT, (the “Agreement”) dated February 27, 2007, is made by and between
Akron Riverview Corn Processors, LLC, an Iowa limited liability company (“COMPANY”) and LSCP, LLLP, an Iowa limited liability
limited partnership (“PURCHASER”), for the purpose of setting forth the terms
and conditions under which the COMPANY shall issue its Class A Units to
PURCHASER in exchange for a capital contribution from PURCHASER.

WHEREAS, COMPANY  is a development-stage company organized to
develop, own and operate a 110 million gallon per year ethanol plant near Akron, Iowa in Plymouth County (the “Plant” or
the “Project”);

WHEREAS, COMPANY desires to
sell, and PURCHASER desires to purchase Class A Units from the COMPANY at the
price and subject to the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual promises and covenants
set forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties do hereby agree as
follows:

SECTION 1

PURCHASE AND ISSUANCE OF UNITS

1.1           Units to be
Purchased by PURCHASER.  Subject to the terms of this Agreement,
PURCHASER hereby subscribes for and shall purchase from COMPANY Twenty-Seven Thousand Five Hundred (27,500) Class A Units of COMPANY (the “Units”).  The
Units shall have the rights and restrictions set forth in the Company’s
Operating Agreement dated November 27, 2006, a copy of which has been previously
delivered to PURCHASER (the “Operating Agreement”).

1.2           Purchase
Price for Units; Manner of Payment.  The
purchase price for the Units shall be Six Hundred Sixty-Six Dollars and
Sixty-Six Cents ($666.66) per
Unit for the first fifteen thousand (15,000) Units plus Eight Hundred Dollars
($800) per Unit for an additional twelve thousand five hundred (12,500) Units, for an aggregate purchase price of Nineteen Million Nine Hundred Ninety-Nine
Thousand Nine Hundred Dollars ($19,999,900), due and payable in cash on the Closing Date as follows:

(a)           PURCHASER shall pay
cash in the amount of Nineteen Million
Nine Hundred Ninety-Nine Thousand Nine Hundred Dollars ($19,999,900),
less a credit of Three Hundred Forty-eight Thousand Six Hundred Fifty-one and
33/100 Dollars ($348,651.33) for those certain development costs incurred and
paid by PURCHASER to third parties related to the Project set forth on Schedule
1.2(a);

(b)           PURCHASER shall
execute a demand promissory note in favor of COMPANY in the amount of Nineteen
Million Six Hundred Fifty-one Thousand Two Hundred Forty-eight and 67/100
Dollars ($19,651,248.67), in substantially the form attached hereto as Exhibit “A”;
and

(c)           PURCHASER shall contribute, transfer,
assign and convey those certain assets related to the Project as more
particularly described in Schedule 1.2(c). 
The assets contributed pursuant to this Section 1.2(c) shall be
contributed and transferred to COMPANY free and clear

of any liens, charges,
claims, encumbrances, security interests or options.  The assets contributed pursuant to this
Section 1.2(b) shall be deemed to have a Gross Asset Value of Fifty Thousand
Dollars ($50,000.00) for purposes of determining the aggregate purchase price
paid to COMPANY by PURCHASER.

1.3           Closing.  The closing shall take place on or before March 14,
2007, at a time, date and place mutually agreed by the parties (the “Closing
Date”).

1.4           Actions at the
Closing.  At the Closing:

(a)           PURCHASER will deliver the purchase price in the amount and
manner set forth in Paragraph 1.2.;

(b)           PURCHASER will deliver to COMPANY such instruments, documents and
agreements, in form reasonably acceptable to COMPANY, which may be necessary or
appropriate to accomplish such contribution and transfer of those certain
assets related to the Project described in Schedule 1.2(c);

(c)           PURCHASER shall deliver to COMPANY a demand promissory note
in favor of the COMPANY evidencing PURCHASER’s indebtedness to COMPANY; and

(d) each party shall execute and deliver such additional
documents and instruments as are necessary to effect the issuance of the Units
to PURCHASER.

In
each case, documents delivered under this Section 1.4 shall be duly executed
and, if necessary, authenticated by the party or parties delivering the same
and shall be in form and substance reasonably acceptable to the recipient.

SECTION 2

REPRESENTATIONS AND WARRANTIES OF
COMPANY

COMPANY hereby makes the following representations and
warranties to PURCHASER, and agrees to carry out the covenants and agreements
hereinafter set forth:

2.1           COMPANY is a limited
liability company duly organized, validly existing and in good standing under
the laws of the State of Iowa.  The
execution and delivery of this Agreement does not, and the consummation of the
transaction contemplated hereby will not, violate any provision of COMPANY’s
Articles of Organization or Operating Agreement.

2.2           COMPANY has good and
marketable title to the Units being issued by it hereunder.  The Units delivered COMPANY to PURCHASER
shall be free and clear of all liens, charges and encumbrances.  The execution of this Agreement shall not
constitute a violation or default under any contract, indenture or other
agreement or restriction of any kind or character to which COMPANY is a party.

2.3           This Agreement
constitutes a legal, valid, and binding obligation of Company, enforceable
against COMPANY in accordance with its terms.

 2
 

SECTION 3

REPRESENTATIONS
AND WARRANTIES OF PURCHASER

PURCHASER hereby makes the following representations
and warranties to COMPANY, and agrees to carry out the covenants and agreements
hereinafter set forth:

3.1           This
Agreement constitutes a legal, valid, and binding obligation of PURCHASER,
enforceable against PURCHASER in accordance with its terms.

3.2           PURCHASER has
reviewed a copy of the Operating Agreement
and understands that the Operating Agreement contains certain defined terms
that are important to a complete understanding of it.  PURCHASER understands that the Units it is
acquiring are governed by the terms of the Operating Agreement and agrees to be
bound, in all respects, by the terms of the Operating Agreement

3.3           PURCHASER is
acquiring the Units for its own account, not as nominee or agent, for
investment and not with a view to, or for resale in connection with, any
distribution or public offering thereof within the meaning of the Securities
Act.  It does not have any contract,
undertaking, agreement or arrangement with any person to sell, transfer or
grant participation to any third person with respect to any of the Units.

3.4           PURCHASER understands
that (i) the Units have not been registered under the Securities Act of 1933
(the “Securities Act”) by reason of a specific exemption therefrom, that they
must be held by it indefinitely, and that it must, therefore, bear the economic
risk of such investment indefinitely, unless a subsequent disposition thereof
is registered under the Securities Act or is exempt from such registration;
(ii) each certificate representing the Units will be endorsed with
substantially the following legend:

THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, (THE “SECURITIES ACT”) OR ANY APPLICABLE
STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT
OR APPLICABLE STATE LAWS COVERING SUCH SECURITIES OR IF THE COMPANY RECEIVES AN
OPINION OF COUNSEL FOR THE HOLDER OF THESE SECURITIES REASONABLY SATISFACTORY
TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION
IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE
SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAW.

and
(iii) COMPANY will instruct any transfer agent not to register the transfer of
any of the Units unless the conditions specified in the foregoing legend are
satisfied or such conditions have been waived by COMPANY.

3.5           PURCHASER understands that COMPANY
has no obligation or intention to register any Units for resale or transfer
under the Securities Act or any state securities laws or to take any action
(including the filing of reports or the publication of information as required
by Rule 144 under the Act) which would make available any exemption from the
registration requirements of any such laws.  PURCHASER further understands that, in
addition to federal and state law, the transfer of Units is restricted by the
Operating Agreement and that there will be no public market for the Units.  PURCHASER may therefore be excluded from
selling or otherwise transferring or disposing of any

 3
 

Units
or any portion thereof for an indefinite period of time or at any particular
time.

3.6           PURCHASER has sufficient knowledge and experience in
financial and business matters to be capable of evaluating the merits and risks
of the prospective investment in the Units and is an experienced and sophisticated investor
in securities of companies in the development stage and acknowledges that it
can bear the economic risk of a complete loss of its investment and has such
knowledge and experience in financial or business matters that it is capable of
evaluating the merits and risks of the investment in the Units.

3.7           PURCHASER has not
been offered the Units by any form of advertisement, article, notice or other
communication published in any newspaper, magazine or similar media or
broadcast over television or radio, or any seminar or meeting whose attendees
have been invited by such media.

3.8           PURCHASER is an “accredited
investor” within the meaning of SEC Rule 501 of Regulation D, as presently in
effect and all of its representations or certificates in writing are true,
complete, and correct, and the Company is fully entitled and directed to rely
thereon.

3.9           PURCHASER
understands that the Units it is purchasing are characterized as “restricted
securities” under the federal securities laws inasmuch as they are being
acquired from COMPANY in a transaction not involving a public offering and that
under such laws and applicable regulations such Securities may be resold
without registration under the Securities Act only in certain limited
circumstances, and it represents that it is familiar with SEC Rule 144, as
presently in effect, and understands the resale limitations imposed thereby and
by the Securities Act.

SECTION 4

MISCELLANEOUS

This Agreement may be
executed in counterparts, and facsimile signatures shall be binding.  This Agreement represents the entire
agreement between the parties relating to the subject matter hereof, and no
other representations, promises or agreements between the parties relating
hereto and not contained herein are of any force or effect. This Agreement shall not be modified except in a
writing signed by all parties hereto.  No
waiver of any provision of this Agreement shall be effective unless agreed to
in writing by the party against whom such waiver is sought to be enforced. No
omission or delay by any party in enforcing any right or remedy hereunder or in
requiring performance of any term or provision herein shall constitute a waiver
of such right or remedy, nor shall it affect such party’s right to enforce such
provisions thereafter.   If any provision of this Agreement is held to
be invalid, unenforceable or contrary to public policy, the remaining
provisions shall not be affected.  This
Agreement is binding upon and shall inure to the benefit of the parties and
their respective heirs, representatives, successors and permitted assigns, but
shall not be assigned or delegated, in whole or in part, by either party,
without the prior written consent of the other. 
This Agreement and the parties’ rights and obligations hereunder shall
be governed by and construed in accordance with Iowa law.

 4
 

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

	
  COMPANY:

  	
  PURCHASER:

  
	
  Akron Riverview
  Corn Processors, LLC

  	
  LSCP, LLLP

  
	
   

  	
  By: Little Sioux
  Corn Processors, LLC

  
	
   

  	
  Its: General
  Partner

  
	
   

  	
   

  
	
   /s/ Stephen Roe

  	
   

  	
  /s/ Stephen Roe

  	
   

  
	
  Stephen Roe,
  President

  	
  Stephen Roe, President

  
				

 

 5
 

EXHIBIT A

DEMAND PROMISSORY NOTE

Date of Subscription
Agreement: February 27, 2007.

Minimum
Investment of 20,000 Units ($10,000,000), 100 Unit Increments Thereafter
($75,000)

	
  27,500

  	
  Number of Units subscribed

  
	
   

  	
   

  
	
  $19,999,900

  	
  Total Purchase Price ($666.66 per Unit multiplied by
  15,000 Units plus $800 per Unit for an additional 12,500 Units)

  
	
   

  	
   

  
	
  ($1,999,990)

  	
  Less Initial Payment (10% of Principal Amount)

  
	
   

  	
   

  
	
   ($348,551.33)

  	
  Less development costs set forth on Schedule 1.2(a)
  and less the Gross Asset Value of assets contributed as set forth on Schedule
  1.2(c) to the Unit Purchase and Subscription Agreement

  
	
   

  	
   

  
	
  $17,651,358.67

  	
  Principal Balance

  

FOR
VALUE RECEIVED, the undersigned hereby promises to pay to the order of Akron
Riverview Corn Processors, LLC, an Iowa limited liability company (“Akron”), at
its principal office located 4808 F Avenue, Marcus, Iowa 51035, or at such
other place as required by Akron, the Principal Balance set forth above in one
lump sum to be paid without interest within 20 days following the call of the
Akron Board of Directors, as described in the Unit Purchase and 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 Akron.

The undersigned agrees to
pay to Akron 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 Iowa.

The provisions of this
Promissory Note and Security Agreement shall inure to the benefit of Akron 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
Akron, and its successors and assigns (“Secured Party”), a purchase money
security interest in all of the undersigned’s Membership Units of Akron now
owned or hereafter

 6
 

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.

	
  LSCP, LLLP

  
	
   

  
	
  By: Little Sioux
  Corn Processors, LLC

  
	
  Its: General
  Manager

  
	
   

  
	
  /s/ Stephen Roe

  	
   

  
	
  Stephen Roe,
  President

  
	
  4808 F Avenue

  
	
  Marcus, Iowa
  51035

  

 

 7
 

SCHEDULE 1.2(A)

Pursuant to Section
1.2(A) of the Unit Purchase and Subscription Agreement, one hundred percent
(100%) of the following development costs shall be credited towards the cash
payment to Akron Riverview Corn Processors, LLC (the “Company”) by LSCP, LLLP
(the “Purchaser”):

	
  PAYMENT OF FOLLOWING EXPENSES:

  	
   

  	
   

  	
   

  
	
  Legal –
  BrownWinick

  	
   

  	
  $

  	
  32,630.58

  	
   

  
	
  Accounting –
  Christiansen & Associates

  	
   

  	
  1,440.00

  	
   

  
	
  Auditing –
  Boulay, Heutmaker, Zibell & Co., P.L.L.P.

  	
   

  	
  1,491.25

  	
   

  
	
  Consulting/Professional
  Fees

  	
   

  	
  164,953.05

  	
   

  
	
  Trust Accounts

  	
   

  	
  40,000

  	
   

  
	
  Option
  Agreements (as described in Schedule 1.2(C)).

  	
   

  	
  50,000

  	
   

  
	
  Land Rent

  	
   

  	
  56,000

  	
   

  
	
  Miscellaneous

  	
   

  	
  2,136.45

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Total Expenses

  	
   

  	
  $

  	
  348,651.33

  	
   

  

 

 8
 

SCHEDULE 1.2(C)

Pursuant to Section
1.2(c) of this Agreement, the following assets are contributed to the Company
by the Purchaser as of the Closing Date:

·                  That certain
Option to Purchase Real Estate dated the 16th day of June, 2006 by and between
LSCP, LLLP and Robert E. Lias and Margaret Lias

·                  That certain
Option to Purchase Real Estate dated the 16th day of June, 2006 by and between
LSCP, LLLP and Mary F. Wohlenberg, as Trustee of the Mary Frances Wohlenberg
Trust date the 5th of May, 1995

 9

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