Document:

EXHIBIT 10.1

Advanced BioEnergy, LLC

Change of
Control Agreement

This
is a Change of Control Agreement (“Agreement”),
dated as of July __, 2007, between Advanced BioEnergy, LLC, a Delaware limited
liability company (the “Company”), and ____________ (the “Employee”), an employee of the Company.

Background

A.            The board of directors of the
Company (the “Board”) or a committee of two or
more directors of the Company (the “Committee”) has
the authority to grant and administer equity awards (if the Board has not appointed
a committee to administer the awards, then the Board shall constitute the
Committee).

B.            The Committee has determined that it
would be in the best interest of the Company to provide Employee with the right
to receive an additional ownership interest in the Company, conditioned upon
occurrence of a change of control transaction regarding the Company, to provide
further incentive to the Employee to continue his service with the Company,
advance the interest of the Company, and to more closely align his interests
with those of the members of the Company.

C.            The Committee has determined that
this purpose can best be achieved by granting the Employee the right to receive
units on the terms and conditions and subject to the restrictions set forth
herein.

The
parties hereto agree as follows:

Terms and
Conditions

1.             Issuance and Terms of
Units.

(a)           Grant of Units.  The Company hereby grants to the
Employee, effective as of the date of this Agreement, the right to receive
______ Units on the terms and under the conditions specified in this Agreement.

(b)           No  Rights as Holder. 
Each Unit to be issued hereunder (a “Unit”)
represents one Unit of the Company as defined in the Company’s Third Amended
and Restated Operating Agreement, as it may be amended from time to time (the “LLC Agreement”), and when issued will be subject to the
terms of the LLC Agreement as well as the restrictions specified in this
Agreement.  Unless and until any Unit is
issued under this Agreement, the Employee will have no rights as a member or
Unit holder of the Company by virtue solely of entering into this Agreement.

(c)           Unit Certificates.
 The
Units will be evidenced by one or more duly issued unit certificates registered
in the name of the Employee.  Each
certificate evidencing any Units will contain such legends and transfer
instructions or limitations as may be determined or authorized by the Company
in its sole discretion and as otherwise required under this Agreement and the
LLC Agreement.

2.             Termination of Employment
and Transfer Restrictions.

(a)           Termination of
Employment.  Except as
provided in Section 3, if
the Employee’s employment with the Company and its Affiliates (as defined in
Appendix A to this Agreement) terminates for any reason prior to a Change in
Control (as defined in Appendix A to this Agreement), including because of the
Employee’s death or disability, this Agreement will immediately terminate and
neither the Company nor Employee or Employee’s estate or beneficiary(ies) will
be deemed to have any rights or obligations with respect to the issuance of any
Units under this Agreement.

(b)           Limitation on Transfer.  The right to receive Units under this
Agreement is personal to Employee and may not be transferred to any third party
or family member of Employee.  Any Units
issued under this Agreement will be subject to any limitations on transfer set
forth in the LLC Agreement and applicable Federal and state securities
laws.  Any attempt to assign, transfer,
pledge, hypothecate or otherwise dispose of the right to receive any Units
under this Agreement contrary to the provisions thereof, and any attempt to
levy any attachment or pursue any similar process with respect to them, shall
be null and void.

3.             Issuance of Units.

If a Change in Control
occurs and the Employee’s employment with the Company or its successor is
terminated by the Company or its successor without “cause” (as that term may be
defined in any employment agreement to which the Employee is then subject or
otherwise) during a period beginning the earlier of (i) the date the Company
signs a definitive agreement governing the Change in Control transaction and
(ii) 60 days prior to the consummation of the Change in Control
transaction, and ending on the date two years after consummation of the
Change in Control transaction, then the Employee shall be entitled to have
issued to him the number of Units specified in section 1(a) of this Agreement
(or such number of replacement securities as may be issuable in their place in
accordance with Section 8 of this Agreement).  Such Units will be immediately issued to the
Employee (and in no event later than 90 days after such employment termination)
unless the Employee is, at that time, a “specified employee” within the meaning
of Section 409A of the Internal Revenue Code and regulations promulgated
thereunder (“Section 409A”).  If Employee
is a specified employee, the Units will be issued to him six months and one day
after such termination of employment. 
Notwithstanding the foregoing, the Committee may, in its sole discretion,
elect to pay to the Employee, in lieu of the issuance of the Units described
above, cash in an amount equal to the fair market value, as of the time of the
Change in Control, of the number of Units specified in Section 1(a).  Payment of such amount will be made at the
same time as the issuance of the Units would otherwise have occurred.  For purposes of this Section 3, “fair market
value” of a Unit means the fair market value of a Unit as determined in good
faith by the Committee, which shall be equal to the fair market value of the
consideration to be received per Unit by the members of the Company or paid by
the acquirer in connection with a Change in Control that involves payment of
consideration on a per Unit basis.  A
termination of employment shall be deemed to have occurred for purposes of this
Section 3 if it constitutes a “separation from service” within the meaning of
Section 409A.

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4.                                       Tax
Withholding.

(a)           Withholding.  The parties hereto recognize that the Company
may be obligated to withhold federal and state taxes or other taxes upon the
issuance of Units under this Agreement. 
The Employee agrees that, at such time, if the Company is required to
withhold such taxes, the Employee will promptly pay to the Company, in cash and
upon demand by the Company, such amounts as shall be necessary to satisfy such
obligation.

(b)          Put Right to Satisfy
Withholding Taxes.  Within
five days after any Units are issued in accordance with the terms of this
Agreement, the Company shall send written notice (the “Valuation
Notice”) to the Employee specifying the Board’s or the Committee’s
determination of the fair market value of the Units so issued.  Within ten days after the receipt of the
Valuation Notice, the Employee shall have the right to require that the Company
purchase up to 40% of the Units issued as of such vesting date by giving
written notice to the Company specifying the number of Units that the Employee
desires to sell to the Company pursuant to this Section 4(b).  The closing with respect to such transfer
shall occur within five days following receipt by the Company of the Employee’s
notice specifying the number of Units that the Employee desires to sell to the
Company.  The time periods specified in
this Section 4(b) may be tolled for a reasonable period of time in the event
that the Company determines that any action taken by Employee under this
Section 4(b) would otherwise violate the Company’s insider trading policies
then in effect.  The purchase price for
any Units purchased by the Company hereunder shall be paid by the Company to
the Employee in cash or, at the election of the Employee, retained by the
Company and used to satisfy all or a portion of the Employee’s obligation to
remit withholding taxes to the Company pursuant to Section 4(a) hereof.

5.             Restrictive Legends.  The certificate or certificates
representing the Units issued under this Agreement shall bear the legend
required by the LLC Agreement as well as any legends required by applicable
state and federal limited liability company and securities laws.

6.             Interpretation of this
Agreement.  All decisions
and interpretations made by the Committee with regard to any question arising
hereunder shall be binding and conclusive upon the Company and the Employee.

7.             Discontinuance of
Employment.  This
Agreement shall not give the Employee a right to continued employment with the
Company or any Affiliate, and the Company or any Affiliate employing the
Employee may terminate his employment at any time and otherwise deal with the
Employee without regard to the effect it may have upon him under this
Agreement.

8.             Adjustment
for Changes in Capitalization.  In the event of any reorganization, merger, consolidation,
recapitalization, liquidation, reclassification, unit dividend, unit split,
combination of Units, rights offering, or extraordinary dividend or divestiture
(including a spin-off), or any other change in the structure or Units of
the Company, including any conversion by the Company into to a corporate form,
the Committee (or if the Company does not survive any such transaction, the
board of directors or an authorized committee of the board of directors of the
surviving company) shall, without the consent of the Employee, make such
adjustments as it determines in its discretion to be appropriate as to the
number and kind of securities subject to this Agreement in order to prevent
dilution or enlargement of the rights of the Employee.

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9.             Binding Effect.  This Agreement shall be binding in all respects
on the heirs, representatives, successors and assigns of the Employee.

10.           Choice of Law.  This Agreement is entered into under the laws of
the State of Delaware and shall be construed and interpreted thereunder
(without regard to its conflict of law principles).

11.           Entire Agreement.  This Agreement, together with any employment
agreement between the Company and the Employee, sets forth the entire agreement
and understanding of the parties hereto with respect to the issuance of the
Units and supersedes all prior agreements, arrangements, plans, and understandings
relating to the issuance of these Units. 
The Employee acknowledges that the Company has directed the Employee to
seek independent advice regarding the applicable provisions of the Internal
Revenue Code of 1986, and the income tax laws of any municipality, state or
foreign country in which the Employee may reside or in which the Company does
business.

12.           Amendment and Waiver.  This Agreement may be amended, waived,
modified, or canceled only by a written instrument executed by the parties or,
in the case of a waiver, by the party waiving compliance.

13.           Units Subject to LLC Agreement.  The Employee acknowledges that the Units
granted under this Agreement are subject to the Company’s LLC Agreement and any
applicable federal or state laws, rules or regulations.  The Employee acknowledges and agrees that the
Employee will become a party to the Company’s LLC Agreement, as currently in
effect, if such Employee is not already a party to that agreement.

IN WITNESS WHEREOF, the Employee and the Company have
executed this Agreement as of the ____ day of _______, 2007.

	
  

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ADVANCED BIOENERGY, LLC

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  
								

 

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Appendix A

“Affiliates”
for purposes of the Change of Control Agreement shall mean each corporation,
partnership, LLC or other entity that controls the Company, is controlled by
the Company, or is under common control with the Company (in each case, “control”
meaning the direct or indirect ownership of 50% or more of all outstanding
equity interests).

“Change in Control”
for purposes of the Change of Control Agreement shall mean (and occur when):

(1)           The
acquisition by any individual, entity or group (within the meaning of Sections
13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the “Exchange Act”))
of beneficial ownership (within the meaning of Exchange Act Rule 13d-3) of
30% or more of the then-outstanding membership interests of the Company (the “Outstanding Units”); provided, however,
that the following acquisitions shall not constitute a Change in Control:

(A)         any acquisition of voting securities of
the Company directly from the Company or by the Company or any of its
wholly-owned subsidiaries,

(B)          any acquisition of voting securities
of the Company by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any of its subsidiaries, or

(C)          any acquisition by any entity with
respect to which, immediately following such acquisition, more than 70% of,
respectively, the then-outstanding shares of voting securities of such entity
is then beneficially owned, directly or indirectly, by all or substantially all
of the individuals and entities who were the beneficial owners, respectively,
of the Outstanding Units immediately before such acquisition in substantially
the same proportions as was their ownership, immediately before such
acquisition, of the Outstanding Units;

(2)           Individuals
who, as of the Date of Grant, constitute the Board (the “Incumbent Board”) cease for any reason to
constitute at least a majority of the Board; provided, however, that any
individual becoming a director of the Board after the Date of Grant whose
election, or nomination for election by the Company’s Unit holders, was
approved by a vote of at least a majority of the directors then comprising the
Incumbent Board shall be considered a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of an actual or threatened election contest;

(3)           Consummation
of a reorganization, merger, consolidation or statutory exchange of Outstanding
Units, unless immediately following such reorganization, merger, consolidation
or exchange, all or substantially all of the individuals and entities who were
the beneficial owners of the Outstanding Units immediately before such
reorganization, merger, consolidation or exchange beneficially own, directly or
indirectly, more than 70% of the then-outstanding voting 

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securities entitled to vote generally in the
election of directors, as the case may be, of the entity resulting from such
reorganization, merger, consolidation or exchange in substantially the same
proportions as was their ownership, immediately before such reorganization,
merger, consolidation or exchange, of the Outstanding Units;

(4)           Consummation
of a sale or other disposition of all or substantially all of the assets of the
Company, other than to an entity with respect to which, immediately following
such sale or other disposition, more than 70% of, respectively, the then-outstanding
voting securities of such entity is then beneficially owned, directly or
indirectly, by all or substantially all of the individuals and entities who
were the beneficial owners of the Outstanding Units immediately before such
sale or other disposition in substantially the same proportion as was their
ownership, immediately before such sale or other disposition; or

(5)           Approval
by the Unit holders of the Company of a complete liquidation or dissolution of
the Company.

Notwithstanding the above, a
Change in Control will not be deemed to occur if the acquisition of the 30% or
greater interest referred to in clause (1) is by a group, acting in
concert, that includes the Employee or if at least 30% of the then-outstanding
voting securities of the surviving entity or of any entity acquiring all or
substantially all of the assets of the Company shall be beneficially owned,
directly or indirectly, immediately after a reorganization, merger,
consolidation, statutory share exchange or disposition of assets referred to in
paragraphs (3) or (4) by a group, acting in concert, that includes
the Employee.

 

 6EXHIBIT 10.2

Advanced BioEnergy, LLC

Restricted
Unit Agreement

 

	
  

  Name of Holder:                     Gales
  Holdings, Inc.

  
	
  

  No. of Restricted Units:     24,000

  	
   

  	
  

  Date of Grant:     July 31, 2007

  
	
  

  Vesting Schedule (Cumulative):

  	
   

  	
   

  
	
  

  Vesting Date(s)

  Scheduled to Vest on Such Date 

   

  	
   

  	
  

  Number of Restricted Units 

  
	
   

  	
   

  	
   

  
	
  October 1, 2007

  	
   

  	
  3,000 

  
	
  October 1, 2008 

  	
   

  	
  6,000 

  
	
  October 1, 2009

  	
   

  	
  6,000 

  
	
  October 1, 2010 

  	
   

  	
  6,000 

  
	
  October 1, 2011 

  	
   

  	
  3,000

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
							

 

This
is a Restricted Unit Agreement (“Agreement”)
between Advanced BioEnergy, LLC, a Delaware limited liability company (the “Company”), and the above-named holder of the Restricted
Units (the “Holder”).

RECITALS

A.            The board of directors of the
Company (the “Board”) or a committee of two or
more directors of the Company (the “Committee”) has
the authority to grant and administer equity awards (if the Board has not
appointed a committee to administer the awards, then the Board shall constitute
the Committee).

B.            The Committee has determined that
the Holder is eligible to receive a signing bonus in the form of a restricted
unit grant pursuant to the terms of Section 4(g) of that certain Employment
Agreement dated as of April 7, 2006 (the “Employment Agreement”),
between the Company and Donald E. Gales (the “Employee”),
who is the sole stockholder of the Holder. 
All capitalized terms used herein but not otherwise defined shall have
the meanings set forth in the Employment Agreement.

C.            The Company has previously issued to
the Holder 6,000 Units (as defined below) in partial satisfaction of the
Company’s obligation under Section 4(g) of the Employment Agreement, and now
desires to grant an additional 24,000 restricted units to the Holder on the
terms and conditions specified in this Agreement, thereby fulfilling the terms
of Section 4(g) of the Employment Agreement.

The
parties hereto agree as follows:

TERMS AND CONDITIONS

1.             Issuance
and Terms of Restricted Units.

(a)           Grant of Restricted Units.  The
Company hereby grants to the Holder, effective as of the Date of Grant
specified above, the number of restricted units specified at the beginning of
this Agreement.

(b)           Rights as Holder. 
Each restricted unit granted hereunder (a “Restricted
Unit”) represents one Unit of the Company as defined in the Company’s
Third Amended and Restated Operating Agreement, as it may be amended from time
to time (the “LLC Agreement”), and is subject
to the terms of the LLC Agreement as well as the restrictions specified in this
Agreement.  Subject to the provisions of
the LLC Agreement, the Holder will have all rights of a member of the Company
with respect to each Restricted Unit (including the right to receive
distributions, if any, and the right to vote such Restricted Unit).

(c)           Unit Certificates.  The Restricted Units will be
evidenced by one or more duly issued unit certificates registered in the name
of the Holder.  Each certificate
evidencing any Restricted Units will contain such legends and transfer
instructions or limitations as may be determined or authorized by the Company
in its sole discretion and as otherwise required under this Agreement and the
LLC Agreement.  The Company may, in its
discretion, retain custody of any certificates representing Restricted Units
until such Restricted Units vest in accordance with this Agreement.

2.             Forfeiture
and Transfer Restrictions.

(a)           Forfeiture.  Except as provided in Sections 3(b) and (c),
any Restricted Units not yet vested will be forfeited by the Holder and deemed
immediately cancelled and the Holder will thereafter have no right, title or
interest whatsoever in such Restricted Units if the Employee’s employment with
the Company and its Affiliates (as defined in Appendix A to this Agreement)
terminates.  Upon forfeiture of any
Restricted Units, the Holder agrees to promptly return to the Company any
certificate(s) representing such Restricted Units, and appoints the Secretary
of the Company as his attorney in fact to transfer any such forfeited
Restricted Units on the books of the Company and to effect their cancellation.

(b)           Limitation on Transfer.  Until such time as the Restricted Units have
vested as provided in this Agreement, the Holder shall not transfer the
Restricted Units and the Restricted Units shall not be subject to pledge,
hypothecation, execution, attachment or similar process.  Any attempt to assign, transfer, pledge,
hypothecate or otherwise dispose of any Restricted Units contrary to the
provisions hereof, and any attempt to levy any attachment or pursue any similar
process with respect to them, shall be null and void.

3.             Vesting of Restricted Units.

(a)           Normal Vesting.  The Restricted Units will vest in the amounts
and on the dates specified in the Schedule at the beginning of this
Agreement.  Once Restricted Units have
vested pursuant to this Section 3, they shall no longer be subject to
forfeiture under Section 2(a) of this 

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Agreement, and will not be subject to any further
restrictions under this Agreement, but will continue to be subject to any
restrictions on transfer set forth in the LLC Agreement or as otherwise agreed
to by the Holder.

(b)           Death or Disability.  If
the Employee’s employment with the Company and its Affiliates terminates
because of the Employee’s death or Disability (as defined in Appendix A to this
Agreement), the Restricted Units will automatically vest in full.

(c)           Change in Control.  If a Change in Control (as defined in
Appendix A to this Agreement) occurs, the Restricted Units will automatically
vest in full.

4.                                       Tax
Withholding.

(a)           Withholding.  The parties hereto recognize that the Company
may be obligated to withhold federal and state taxes or other taxes upon the
issuance of the Restricted Units.  The
Holder agrees that, at such time, if the Company is required to withhold such
taxes, the Holder will promptly pay, in cash upon demand to the Company such
amounts as shall be necessary to satisfy such obligation.

(b)          Put Right to Satisfy
Withholding Taxes.  Within 5
days after any of the Restricted Units vest in accordance with the terms of
this Agreement, the Company shall send written notice (the “Valuation Notice”)
to the Holder specifying the Company’s determination of the fair market value
of the Restricted Units that vested as of such vesting date.  Within 10 days after the receipt of the
Valuation Notice, the Holder shall have the right to require that the Company
purchase up to 40% of the Restricted Units that vested as of such vesting date
by giving written notice to the Company specifying the number of Restricted
Units that the Holder desires to sell to the Company pursuant to this Section
4(b).  The closing with respect to such
transfer shall occur with 5 days following the receipt by the Company of the
Holder’s notice specifying the number of Restricted Units that the Holder
desires to sell to the Company.  The
purchase price for any Restricted Units purchased by the Company hereunder
shall be paid by the Company to the Holder in cash or, at the election of the
Holder, retained by the Company and used to satisfy all or a portion of the
Holder’s obligation to remit withholding taxes to the Company pursuant to
Section 4(a) hereof.

5.             Restrictive Legends and
Stop-Transfer Orders.

(a)           Legends.  The certificate or certificates representing
the Restricted Units shall bear the following legend (as well as any legends required
by applicable state and federal limited liability company and securities laws)
noting the existence of the restrictions and the Company’s rights set forth in
this Agreement:

“THE UNITS REPRESENTED BY
THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF A
RESTRICTED UNIT AGREEMENT BETWEEN THE COMPANY AND THE HOLDER, A COPY OF WHICH
IS ON FILE WITH THE SECRETARY OF THE COMPANY.”

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(b)           Stop-Transfer
Notices.   The Holder agrees that, in order to ensure
compliance with the restrictions referred to herein, the Company may issue
appropriate “stop transfer” instructions to its transfer agent, if any, and
that, if the Company transfers its own securities, it may make appropriate
notations to the same effect in its own records.

(c)           Refusal to Transfer.  The Company shall not be required (i) to
transfer on its books any Restricted Units that have been sold or otherwise
transferred in violation of any of the provisions of this Agreement or
(ii) to treat as owner of the Restricted Units or to accord the right to
vote or pay distributions to any purchaser or other transferee to whom the
Restricted Units shall have been so transferred.

6.             Interpretation of this
Agreement.  All decisions
and interpretations made by the Committee with regard to any question arising
hereunder shall be binding and conclusive upon the Company and the Holder.

7.             Discontinuance of
Employment.  This
Agreement shall not give the Employee a right to continued employment with the
Company or any Affiliate, and the Company or any Affiliate employing the
Employee may terminate his employment at any time and otherwise deal with the
Employee without regard to the effect it may have upon him under this
Agreement.

8.             Adjustment
for Changes in Capitalization.  In the event of any reorganization, merger, consolidation,
recapitalization, liquidation, reclassification, unit dividend, unit split,
combination of Units, rights offering, or extraordinary dividend or divestiture
(including a spin-off), or any other change in the structure or Units of
the Company, including any conversion by the Company into to a corporate form,
the Committee (or if the Company does not survive any such transaction, the
board of directors or an authorized committee of the board of directors of the
surviving company) shall, without the consent of the Holder, make such
adjustments as it determines in its discretion to be appropriate as to the
number and kind of securities subject to this Agreement in order to prevent
dilution or enlargement of the rights of the Holder.

9.             Binding Effect.  This Agreement shall be binding in all respects
on the heirs, representatives, successors and assigns of the Holder.

10.           Choice of Law.  This Agreement is entered into under the laws of
the State of Delaware and shall be construed and interpreted thereunder
(without regard to its conflict of law principles).

11.           Entire Agreement.  This Agreement sets forth the entire
agreement and understanding of the parties hereto with respect to the issuance
of the Restricted Units and supersedes all prior agreements, arrangements,
plans, and understandings relating to the issuance of these Restricted
Units.  The Holder acknowledges that the
Company has directed the Holder to seek independent advice regarding the
applicable provisions of the Internal Revenue Code of 1986, and the income tax
laws of any municipality, state or foreign country in which the Holder may
reside or in which the Company does business.

12.           Amendment and Waiver.  This Agreement may be amended, waived,
modified, or canceled only by a written instrument executed by the parties or,
in the case of a waiver, by the party waiving compliance.

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13.           Restricted Units Subject to Articles of
Organization and LLC Agreement. 
The Holder acknowledges that the Restricted Units granted under this
Agreement are subject to the Company’s Articles of Organization, as amended
from time to time, and the Company’s LLC Agreement and any applicable federal
or state laws, rules or regulations.  The
Holder acknowledges and agrees that the Holder will become a party to the
Company’s LLC Agreement, as currently in effect, if such Holder is not already
a party to that agreement.

14.           Representations,
Warranties and Covenants of Holder.  Holder represents, warrants and covenants to
the Company as follows:

(a)           Charter Documents.  Holder is a corporation duly organized, validly existing and in corporate good
standing under the laws of the state of Minnesota.

(b)           Sole Stockholder.  Donald E. Gales is the sole stockholder,
director and executive officer of Holder. 
Without the Company’s prior written consent, Holder will not change its
ownership or management structure so that any person or entity other than
Donald E. Gales will be a stockholder, director or officer of Holder.

(c)           Corporate Authority.  Holder has all corporate power and authority
to enter into and to perform its obligations under this Agreement.  This Agreement constitutes the legal, valid
and binding obligation of Holder, enforceable against Holder in accordance with
its terms, subject to (a) laws of general application relating to
bankruptcy, insolvency and the relief of debtors, and (b) rules of law
governing specific performance, injunctive relief and other equitable remedies.

IN WITNESS WHEREOF, the Holder and the Company have
executed this Agreement as of the 31st day of July, 2007.

	
  

  	
  

  	
  GALES HOLDINGS, INC.,

  
	
   

  	
   

  	
  a Minnesota corporation

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Donald E. Gales

  
	
   

  	
   

  	
  Donald E. Gales

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  ADVANCED BIOENERGY, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By /s/ Troy Otte

  
	
   

  	
   

  	
  Name: Troy Otte

  
	
   

  	
   

  	
  Its: Chairman of the Compensation Committee

  

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Appendix A

“Affiliates”
for purposes of the Restricted Unit Agreement shall mean each corporation,
partnership, LLC or other entity that controls the Company, is controlled by
the Company, or is under common control with the Company (in each case, “control”
meaning the direct or indirect ownership of 50% or more of all outstanding
equity interests).

“Change in Control” for
purposes of the Restricted Unit Agreement shall mean (and occur when):

(1)           The acquisition by any individual, entity or
group (within the meaning of Sections 13(d)(3) or 14(d)(2) of the Securities
Exchange Act of 1934 (the “Exchange Act”)) of beneficial ownership (within the
meaning of Exchange Act Rule 13d-3) of 30% or more of the then-outstanding
membership interests of the Company (the “Outstanding
Units”); provided, however, that the following acquisitions shall
not constitute a Change in Control:

(A)         any acquisition of voting securities of the Company directly
from the Company or by the Company or any of its wholly-owned subsidiaries,

(B)          any acquisition of voting securities of the Company by any
employee benefit plan (or related trust) sponsored or maintained by the Company
or any of its subsidiaries, or

(C)          any acquisition by any entity with respect to which,
immediately following such acquisition, more than 70% of, respectively, the
then-outstanding shares of voting securities of such entity is then
beneficially owned, directly or indirectly, by all or substantially all of the
individuals and entities who were the beneficial owners, respectively, of the
Outstanding Units immediately before such acquisition in substantially the same
proportions as was their ownership, immediately before such acquisition, of the
Outstanding Units;

(2)           Individuals who, as
of the Date of Grant, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least
a majority of the Board; provided, however, that any individual becoming a
director of the Board after the Date of Grant whose election, or nomination for
election by the Company’s Unit holders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be
considered a member of the Incumbent Board, but excluding, for this purpose,
any such individual whose initial assumption of office occurs as a result of an
actual or threatened election contest;

(3)           Consummation of a
reorganization, merger, consolidation or statutory exchange of Outstanding
Units, unless immediately following such reorganization, merger, consolidation
or exchange, all or substantially all of the individuals and entities who were
the beneficial owners of the Outstanding Units immediately before such
reorganization, merger, consolidation or exchange beneficially own, directly or
indirectly, more than 70% of the then-outstanding voting 

 6
 

securities entitled to vote generally in the election of directors, as
the case may be, of the entity resulting from such reorganization, merger,
consolidation or exchange in substantially the same proportions as was their
ownership, immediately before such reorganization, merger, consolidation or
exchange, of the Outstanding Units;

(4)           Consummation of a
sale or other disposition of all or substantially all of the assets of the
Company, other than to an entity with respect to which, immediately following
such sale or other disposition, more than 70% of, respectively, the
then-outstanding voting securities of such entity is then beneficially owned,
directly or indirectly, by all or substantially all of the individuals and
entities who were the beneficial owners of the Outstanding Units immediately
before such sale or other disposition in substantially the same proportion as
was their ownership, immediately before such sale or other disposition; or

(5)           Approval by the Unit
holders of the Company of a complete liquidation or dissolution of the Company.

Notwithstanding the above, a Change in Control will
not be deemed to occur if the acquisition of the 30% or greater interest referred
to in clause (1) is by a group, acting in concert, that includes the
Employee or the Holder or if at least 30% of the then-outstanding voting
securities of the surviving entity or of any entity acquiring all or
substantially all of the assets of the Company shall be beneficially owned,
directly or indirectly, immediately after a reorganization, merger,
consolidation, statutory share exchange or disposition of assets referred to in
paragraphs (3) or (4) by a group, acting in concert, that includes
the Employee or the Holder.

“Disability”  for purposes of the Restricted Unit Agreement
shall mean the inability of Employee to perform on a full-time basis the duties
and responsibilities of Employee’s employment with the Company by reason of
illness or other physical or mental impairment or condition, if such inability
continues for an uninterrupted period of 90 days or for more than 90 complete
days during any 12-month period.

 

 7

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