Document:

Investment Agreement

 Exhibit 10.1 
 INVESTMENT AGREEMENT 
 This INVESTMENT AGREEMENT, dated as of July 15, 2011
(this “Agreement”), is by and among (i) Renewable Energy Group, Inc., a Delaware corporation (the “Company”), and (ii) the following holders of the Company’s Series A Preferred Stock: NGP Energy Technology
Partners, L.P. (“ETP”), USRG Holdco V, LLC (“USRG”), Natural Gas Partners VIII, L.P., E D & F Man Holdings BV, Bunge North America, Inc. and West Central Cooperative (each a “Stockholder” and collectively the
“Stockholders”). 
 RECITALS 
 WHEREAS, the Company intends to sell shares of its Common Stock in a firm commitment underwritten public offering pursuant to an effective registration statement on Form S-1 (or any successor form) under
the Securities Act (the “Planned Public Offering”); and 
 WHEREAS, each Stockholder beneficially owns shares of the
Company’s Series A Preferred Stock (the “Series A Preferred Stock”); and 
 WHEREAS, it is contemplated that
holders of the Series A Preferred Stock will receive, among other things, the Company’s Series B Preferred Stock (the “Series B Preferred Stock”) upon conversion of the Series A Preferred Stock immediately prior to the closing of the
Planned Public Offering (the “Closing”) pursuant to the terms of that certain Second Amended and Restated Certificate of Incorporation (the “Second Restated Certificate”) approved by the Board of Directors of the Company (the
“Board of Directors”) on July 15, 2011 and attached hereto as Exhibit A; and 
 WHEREAS, in connection
with the foregoing, the Company and the Stockholders desire to make certain agreements as set forth herein; 
 NOW, THEREFORE,
in consideration of the premises, and of the representations, warranties, covenants and agreements contained herein, the parties hereto agree as follows: 
 1. Definitions. As used in this Agreement, the following capitalized terms shall have the following meanings: 
 “beneficial ownership” shall have the meaning specified in Rule 13d-3 under the Exchange Act, as such rule is currently in effect. The terms “beneficially own” and beneficially
owned” shall have a correlative meaning. 
 “Board of Directors” shall have the meaning set forth in the recitals
hereto. 
 “Change of Control” shall mean (i) any transaction or series of transactions (as a result of a tender
offer, merger, consolidation or otherwise) that results in any Person, including a “group” (within the meaning of Section 13(d)(3) of the Exchange Act) that includes such Person, acquiring beneficial ownership, directly or indirectly,
of 50% or more of the aggregate voting power of the Voting Securities of the Company; (ii) any transaction or series of related 

 
transactions that results in the transfer, sale, lease or other disposition by the Company of all or substantially all of the assets of the Company; or (iii) when individuals who at the
beginning of any period of two consecutive calendar years constituted the Board of Directors (together with any new director whose election to the Board of Directors or whose nomination for election was approved by a vote of at least two-thirds of
the members of the Board of Directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the members of the Board of Directors then in office.

 “Closing” shall have the meaning set forth in the recitals hereto. 

“Common Stock” means the Common Stock, par value $0.0001 per share, of the Company and any class of common stock of the Company
issued upon conversion or in exchange for such common stock, whether or not authorized on the date hereof. 

“Company” shall have the meaning set forth in the first paragraph written above. 

“Covered Common Shares” of a Stockholder (and each Stockholder’s “Covered Common Shares”) means the shares of
Common Stock beneficially owned from time to time by the specified Stockholder on or after the date hereof. 
 “Covered
Series B Shares” of a Stockholder (and each Stockholder’s “Covered Series B Shares”) means the shares of Series B Preferred Stock beneficially owned from time to time by the specified Stockholder on or after the date hereof.

 “Director Designee” shall have the meaning set forth in Section 2(a) hereof. 

“ETP” shall have the meaning set forth in the first paragraph written above. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, or any similar federal statute, and the rules and
regulations thereunder, all as the same shall be in effect from time to time. 
 “Independent Director” shall mean an
individual who is or, if elected, would be an “Independent Director” of the Company as determined by the Board of Directors under the rules of the securities exchange on which the Company’s stock is then traded or, prior to the
Planned Public Offering, is proposed to be traded. 
 “Nominating Committee” shall mean the Nominating Committee of
the Board of Directors or, in the absence of such a Committee, Independent Directors performing the functions of a nominations committee. 
 “Person” means any individual, partnership, corporation, trust, limited liability company or other entity. 
 “Planned Public Offering” shall have the meaning set forth in the recitals hereto. 

  
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 “Qualified Director” means, in the case of a Director Designee of USRG, Jonathan
Koch, in the case of a Director Designee of ETP, Chris Sorrells, and in the case of any other person designated for election by USRG or ETP, an individual who is (a) reasonably acceptable to the Nominating Committee of the Board of Directors of
the Company and (b) who would be an Independent Director. 
 “Second Restated Certificate” shall have the meaning
set forth in the recitals hereto. 
 “Securities Act” means the Securities Act of 1933, as amended, or any similar
federal statute, and rules and regulations thereunder, all as the same shall be in effect from time to time. 
 “Series A
Preferred Stock” shall have the meaning set forth in the recitals hereto. 
 “Series B Preferred Stock” shall
have the meaning set forth in the recitals hereto. 
 “Stockholder” and “Stockholders” shall have the
meaning set forth in the first paragraph written above. 
 “Third Restated Certificate” means the Third Amended and
Restated Certificate of Incorporation approved by the Board of Directors of the Company on July 15, 2011, and attached hereto as Exhibit B. 
 “Transfer” means, directly or indirectly, to sell, transfer, assign, encumber, or similarly dispose of (by testamentary disposition, by operation of law or otherwise), or to enter into any
contract, option or other arrangement or understanding with respect to the voting of or sale, transfer, assignment, encumbrance or similar disposition. 
 “USRG” shall have the meaning set forth in the first paragraph written above. 
 “Voting Securities” shall mean any voting securities of the Company having the ordinary power to vote, in the absence of contingencies, in the election of directors of the Company. 

2. Board Representation. 
 (a) Each of USRG and ETP shall have the right to designate one Qualified Director for election to the Company’s Board of Directors, upon the terms and conditions set forth in this Section 2. The
Nominating Committee shall recommend to the Board of Directors that one Qualified Director designated by each of USRG and ETP (each a “Director Designee”) be elected to serve as a director and the Board of Directors shall use its
reasonable efforts to cause the election of such designated Qualified Director with a term of office beginning no later than concurrently with or immediately following the Closing and, if the Board of Directors is classified, ending no earlier than
the third annual meeting of stockholders of the Company following the Closing. The identification of a Director Designee by each of USRG and ETP shall occur in time sufficient (as reasonably established by the Board of Directors) for such Director
Designee’s name to be included in the prospectus used in connection with the marketing of the Planned Public Offering and such Director Designee shall furnish such Director Designee’s consent to be named as a director in such prospectus in
form reasonably requested by the Company. 

  
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 (b) In the event that any Director Designee shall cease to serve as a
director for any reason, the vacancy resulting therefrom shall be filled with a Qualified Director designated by the person, USRG or ETP, as the case may be, that designated the Director Designee that so ceases to serve; provided that USRG and ETP
shall not be obligated to designate an individual to fill such vacancy. 
 (c) The Company agrees with USRG that
if Jonathan Koch is serving on the Board of Directors as the Director Designee of USRG and he is an Independent Director, then Jonathan Koch shall be appointed a member of the Nominating Committee. The Company further agrees with ETP that if Chris
Sorrells is serving on the Board of Directors as the Director Designee of ETP, he is an Independent Director and Jonathan Koch is not serving on the Nominating Committee, then Chris Sorrells shall be appointed a member of the Nominating Committee.

 (d) The agreements set forth in this Section 2 shall terminate and be of no further force or effect upon
the earliest to occur of: (i) the date that is the third anniversary of the Closing, (ii) the date of a Change of Control of the Company, and (iii) if the Closing has not occurred on or before June 30, 2012, on July 1, 2012.
In addition, as to each of USRG and ETP, the agreements set forth in this Section 2 benefiting each of USRG and ETP shall terminate and be of no further force or effect as to it upon the date following the Closing when it ceases to be the
beneficial owner of at least 50% of the Series B Preferred Stock it would be entitled to receive if the shares of Series A Preferred Stock that it owns of record on the date hereof were converted pursuant to the provisions of Section F of Article IV
of the Second Restated Certificate (assuming the over-allotment option of the underwriters for Planned Public Offering is not exercised) or, prior to the Closing, on the date when it ceases to beneficially own at least 50% of the Series A Preferred
Stock that it owns of record as of the date hereof. 
 3. Agreement to Vote Series B Preferred Stock. 

(a) Each Stockholder hereby irrevocably and unconditionally agrees that as to any matter submitted to a vote of
stockholders at any meeting of the stockholders of the Company, however called, including any adjournment or postponement thereof, and in connection with any action proposed to be taken by written consent of the stockholders of the Company, such
Stockholder shall, in each case to the fullest extent that the Covered Series B Shares of such Stockholder are entitled to vote thereon or consent thereto: (a) appear at each such meeting or otherwise cause such Stockholder’s Covered
Series B Shares to be counted as present thereat for purposes of calculating a quorum; and (b) vote (or cause to be voted), in person or by proxy, or deliver (or cause to be delivered) a written consent (if then permitted under the
Company’s certificate of incorporation) covering, all of such Stockholder’s Covered Series B Shares, in a manner proportionate to the votes cast by all holders of Common Stock (without taking into account abstentions) on such matter;
provided, however, that the forgoing agreements shall be inapplicable to any matter as to which holders of Series B Preferred Stock have the right to vote separately as a class. 

(b) The agreements set forth in this Section 3 shall terminate and be of no further force or effect upon the earliest
to occur of: (i) the date of a Change of Control of the Company, (ii) the date after the Closing when no shares of Series B Preferred Stock remain outstanding and (iii) if the Closing has not occurred on or before June 30, 2012,
on July 1, 2012. 

  
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 4. Agreement to Vote Common Stock. 

(a) Each Stockholder hereby irrevocably and unconditionally agrees that at any meeting of the stockholders of the Company
to vote upon the approval of the Second Restated Certificate and the Third Restated Certificate, however called, including any adjournment or postponement thereof, and in connection with any action proposed to be taken by written consent of the
stockholders of the Company to approve the Second Restated Certificate and the Third Restated Certificate, such Stockholder shall, in each case to the fullest extent that the Covered Common Shares of such Stockholder are entitled to vote thereon or
consent thereto: (a) appear at each such meeting or otherwise cause such Stockholder’s Covered Common Shares to be counted as present thereat for purposes of calculating a quorum; and (b) vote (or cause to be voted), in person or by
proxy, or deliver (or cause to be delivered) a written consent (if then permitted under the Company’s certificate of incorporation) covering, all of such Stockholder’s Covered Common Shares, in favor of the approval of the Second Restated
Certificate and the Third Restated Certificate and in favor of any proposal to adjourn or postpone any meeting of stockholders of the Company at which approval of the Second Restated Certificate or the Third Restated Certificate is submitted for
consideration and vote of the Company’s stockholders to a later date if there are not sufficient votes for approval of such matter on the date on which the meeting is held to vote upon such matter. 

(b) Each Stockholder agrees that it shall not Transfer any of such Stockholder’s Covered Common Shares, beneficial
ownership thereof or any other interest therein unless prior to the effectiveness of such Transfer, such transferee executes and delivers to the Company a written agreement, in form and substance acceptable to the Company, to assume all of such
Stockholder’s obligations under this Section 4 in respect of the Covered Common Shares subject to such Transfer and to be bound by the terms of this Agreement with respect to the Covered Common Shares subject to such Transfer, to the same
extent as such Stockholder is bound hereunder and to make each of the representations and warranties made by the Stockholders hereunder. 
 (c) The agreements set forth in this Section 4 shall terminate and be of no further force or effect upon the earliest to occur of: (i) the date of a Change of Control of the Company,
(ii) the date that approval of the Second Restated Certificate and the Third Restated Certificate is voted upon at a meeting duly convened therefor or at any adjournment or postponement thereof or the date upon which written consent to such
approval is obtained and (iii) July 1, 2012. 
 5. Representations and Warranties. Each party hereto
represents and warrants to each of the other parties hereto that: 
 (a) Such party is duly organized, validly
existing and in good standing under the laws of the jurisdiction in which it is organized. 

  
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 (b) Such party has the requisite power and authority to execute and deliver
this Agreement and to consummate the transactions contemplated hereby and such execution, delivery and consummation have been duly authorized by all necessary action. This Agreement has been duly executed and delivered by such party and constitutes
the valid and binding obligation of such party, enforceable against it in accordance with its terms. 
 (c)
Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (i) conflict with, or result in a breach or violation of, any provision of its organizational documents,
(ii) constitute, with or without notice or the passage of time or both, a breach violation or default under any law, rule, regulation, permit, license, agreement or other instrument of such party or to which such party or such party’s
property is subject, or (iii) require any consent, approval or authorization of, or notification to, or filing with, any federal, state, local or foreign court, governmental agency or regulatory or administrative authority on the part of such
party. 
 6. Miscellaneous. 

(a) This Agreement may be executed in counterparts, all of which shall be considered one and the same agreement and shall
become effective when counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart. This Agreement may be executed and delivered by facsimile or
“PDF” transmission. 
 (b) This Agreement constitutes the entire agreement among the parties hereto and
supersedes all prior agreements and understandings, both written and oral, among the parties hereto, or any of them, with respect to the subject matter hereof. 
 (c) This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to its rules of conflict of laws. 

(d) This Agreement may not be amended except by an instrument in writing signed by each of the parties hereto. Each party
may waive any right of such party hereunder by an instrument in writing signed by such party and delivered to the other parties. 
 (e) Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions
hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid or
unenforceable, the parties hereto agree that the court making such determination shall have the power to limit the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or
provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified. In the event such court does not exercise the power
granted to it in the prior sentence, the parties hereto agree to replace such invalid or unenforceable term or provision with a valid and enforceable term or provision that will achieve, to the extent possible, the economic, business and other
purposes of such invalid or unenforceable term. 

  
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 (f) Neither this Agreement nor any of the rights or obligations of any party
under this Agreement shall be assigned, in whole or in part (by operation of law or otherwise), by any party without the prior written consent of the other parties hereto. Subject to the foregoing, this Agreement shall bind and inure to the benefit
of and be enforceable by the parties hereto and their respective successors and permitted assigns. Nothing in this Agreement, express or implied, is intended to confer on any Person other than the parties hereto or their respective successors and
permitted assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. 
 (g)
The termination of this Agreement or any part hereof shall not relieve any party hereto from any liability of such party to any other party incurred prior to such termination of this Agreement or part hereof. 

IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized officers of the parties hereto as of the
date first written above. 
  

	
	RENEWABLE ENERGY GROUP, INC.
	
	By: /s/ Jeffrey Stroburg
	Name: Jeffrey Stroburg
	Title: Chairman and CEO
	
	WEST CENTRAL COOPERATIVE
	
	By: /s/ Jeffrey Stroburg
	Name: Jeffrey Stroburg
	Title: President and CEO
	
	BUNGE NORTH AMERICA, INC.
	
	By: /s/ Eric Hakmiller
	Name: Eric Hakmiller
	Title: Vice President Bunge Biofuels

  
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	NATURAL GAS PARTNERS VIII, L.P.
	
	By: G.F.W. Energy VIII, L.P., general partner
	      By: GFW VIII, L.L.C., general partner
	            By: /s/ William J. Quinn
	Name: William J. Quinn
	Title: Authorized Member
	
	E D & F MAN HOLDINGS BV
	
	By: /s/ Paul Chatterton
	Name: Paul Chatterton
	Title: Appointed Representative
	
	USRG HOLDCO V, LLC
	
	By: USRG Management Company, LLC, its manager
	      By: /s/ Jonathan Koch
	Name: Jonathan Koch
	Title: Managing Director
	
	NGP ENERGY TECHNOLOGY PARTNERS, L.P.
	
	By: /s/ Christopher Sorrells
	Name: Christopher Sorrells
	Title: Managing Director

  
 8Second Amendment to Stockholders Agreement

 Exhibit 10.2 
 SECOND AMENDMENT 
 TO 

STOCKHOLDER AGREEMENT 
 This SECOND AMENDMENT, dated as of July 15, 2011 (this “Amendment”), to the Stockholder Agreement, dated as of February 26, 2010 and amended by the First Amendment to
Stockholder Agreement effective June 29, 2010 (the “Stockholder Agreement”), is by and among (i) Renewable Energy Group, Inc. (formerly REG Newco, Inc.), a Delaware corporation (the “Company”),
(ii) the undersigned holders of the Company’s Series A Preferred Stock, and (iii) the undersigned holders of the Company’s Common Stock. 
 RECITALS 
 WHEREAS, the Company and the undersigned parties to the Stockholder
Agreement who collectively hold the requisite number of shares of Common Stock and Preferred Stock necessary to amend and supplement the Stockholder Agreement pursuant to Section 8(k) thereof, desire to amend and supplement certain terms of the
Stockholder Agreement as described herein; and 
 WHEREAS, all capitalized terms not defined herein shall have the meaning
ascribed to such terms in the Stockholder Agreement. 
 NOW, THEREFORE, in consideration of the premises, and of the
representations, warranties, covenants and agreements contained herein, the parties hereto agree as follows: 
 1.
Definitions. The preamble of the Stockholder Agreement is amended to delete the definition of “Common Stock” and Section 1 of the Stockholder Agreement is amended to add the following defined terms: 

“Common Stock” means the Common Stock, par value $0.0001 per share, of the Company and any class of common stock of the Company
issued upon conversion or in exchange for such common stock, including without limitation (whether or not authorized on the date hereof), the Class A Common Stock into which such Common Stock may be changed as contemplated by the Second
Restated Certificate and the Common Stock into which such Class A Common Stock may be converted as further contemplated by the Second Restated Certificate. 
 “Investment Agreement” means that certain Investment Agreement, dated as of July 15, 2011, by and among the Company and the Stockholders named therein. 

“Planned IPO” means the first sale by the Company of Common Stock in a firm commitment underwritten public offering pursuant to
an effective registration statement on Form S-1 (or any successor form) under the Securities Act, which sale of shares is completed on or prior to June 30, 2012. 
 “Second Restated Certificate” means the Second Amended and Restated Certificate of Incorporation approved by the Board of Directors of the Company on July 15, 2011. 

 “Third Restated Certificate” means the Third Amended and Restated Certificate of
Incorporation approved by the Board of Directors of the Company on July 15, 2011. 
 2. Election of Directors: Other
Voting Matters. 
 (a) Section 2(a)(i) of the Stockholder Agreement is amended and restated in its entirety as
follows: “(i) the authorized number of the Company’s Board of Directors (the “Board”) to be maintained at not less than ten (10) nor more than fourteen (14) directors, provided that this Section 2(a) shall not
prohibit a Stockholder from voting in favor of the Third Restated Certificate so long as the Third Restated Certificate does not become effective prior to the termination of this Agreement.” 

(b) Section 2(a)(v) of the Stockholder Agreement is amended and restated in its entirety as follows: 

“(v) the removal from the Board (with or without cause) of any representatives designated hereunder at the written
request of the parties possessing the right to designate such representatives (but only upon such written request and under no other circumstances), provided, however, that each party entitled to designate a representative to the Board shall, upon
the written request of the Company, use its best efforts to cause such representative director to submit his resignation from the Board, such resignation to take effect no later than immediately prior to the closing of the initial sale of shares of
Common Stock by the Company in the Planned IPO and, in the event such a resignation is not obtained promptly following the Company’s written request, to provide a written request for, and to vote in favor of, the removal of such representative
director, effective no later than immediately prior to such closing.” 
 3. Transfer Restrictions.

 (a) Section 3(b) of the Stockholder Agreement is amended and restated in its entirety as follows: 

“(b) Lockup. 
 (i) In the event the Company shall undertake its first sale to the public pursuant to a registration statement of the Company filed under the Securities Act other than the Planned IPO, each Stockholder
shall agree in writing, in form and substance customary for similar transactions, if requested by the managing underwriter or underwriters thereof, not to lend, offer, pledge, sell, contract to sell (including, without limitation, any short sale),
sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or other securities of the
Company convertible into or exercisable or exchangeable for Common Stock held by such Stockholder immediately before the effective date of the registration statement for such offering, or enter into any swap or other arrangement that transfers to
another, in whole or in part, any of the economic consequences of ownership of Common Stock (whether any such transaction is described in this subsection is to be settled by delivery of Common Stock or such other securities, in cash or otherwise,
except for securities to be sold to such underwriter pursuant to such registration statement; provided, however that: 
 (A) such period shall not exceed one hundred eighty (180) days after the effective date of the registration statement, except that such 180-day period may be extended for not more than eighteen
(18) days if such extension is reasonably necessary to allow the Company’s underwriters to comply with NASD Conduct Rule 2711 (or any similar successor rule); and 

 (B) the Company’s directors, officers and stockholders individually
owning more than one percent (1%) of the Company’s outstanding Common Stock (after giving effect to conversion into Common Stock of all outstanding Preferred Stock) also agree to such limitations.” 

(ii) In the event that the Company advises a Stockholder that it intends to file or has filed a registration statement
with respect to the Planned IPO, each Stockholder shall enter into a lock-up agreement with the representatives of the underwriters identified by the Company in substantially the form attached as Exhibit A within ten days of the
Company’s request.” 
 (iii) The Company may impose stop-transfer instructions with respect to the
shares of Common Stock or other securities of the Company convertible into or exercisable or exchangeable for Common Stock subject to the foregoing restriction until the end of such one hundred eighty (180) day period (or the extended period
set forth above).” 
 (b) Clause (ii) of Section 3(e) of the Stockholder Agreement is amended and restated as
follows: “any redemption or conversion of the Series A Preferred Stock pursuant to the terms of such Series A Preferred Stock as set forth in the certificate of incorporation” 

4. Miscellaneous. Section 8 of the Stockholder Agreement is amended to add the following new subparagraph (l):

 “(l) For the avoidance of doubt, the Stockholders and the Company acknowledge and agree that (i) (x) the
registration and offering and sale of Common Stock by the Company in the Planned IPO and, if applicable, the registration and offering and sale of Common Stock by any Stockholder pursuant to the same registration statement that covers the Planned
IPO, (y) the conversion and redemption of the Series A Preferred Stock and the issuance of Series B Preferred Stock and Common Stock upon such conversion as contemplated by the Second Restated Certificate and (z) the agreements and
transactions contemplated by the Investment Agreement, would not and will not violate or involve a breach of or default under, or require any party hereto to provide any notice, take any action or obtain any approval under, and the Stockholders
shall not have any rights with respect thereto under, any of the provisions of Sections 2(a), 3(a), 3(c) or 3(d), Section 4 or Section 6 of this Agreement, and (ii) this Stockholder Agreement shall terminate in accordance with
its terms and be of no further force or effect upon the closing of the Planned IPO, provided that such termination shall not limit any obligation of any Stockholder to be bound by the lockup agreement and the Company’s ability to impose stop
transfer instructions as contemplated by Section 3(b) hereof.” 

 5. Waivers. 

(a) The Company and the Stockholders hereby waive the provisions of Sections 3, 4 and 6 of the Stockholder Agreement with respect to
the transactions contemplated by that certain Letter Agreement, dated as of July 15, 2011, by and among the Company and the Stockholders named therein, and agree that such transactions would not and will not violate or involve a
breach of or default under, or require any party to provide any notice, take any action or obtain any approval under, and the Company and the Stockholders shall not have any rights with respect thereto under, any of the provisions
of such Sections of the Stockholder Agreement. 
 (b) The Company and the Stockholders hereby waive the provisions of
Section 6 of the Stockholder with respect to the Company’s issuance of 500,000 shares of Class A Common Stock pursuant to that certain Termination Agreement and Mutual Release, dated as of July 15, 2011, by and between the
Company, REG Services, LLC and USRG Holdco IX, LLC, and agree that such issuance would not and will not violate or involve a breach of or default under, or require any party to provide any notice, take any action or obtain any approval under,
and the Company and the Stockholders shall not have any rights with respect thereto under, any of the provisions of such Section 6 of the Stockholder Agreement. 
 6. Representations and Warranties. Each party hereto represents and warrants to each of the other parties hereto that: 

(a) Such party is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized.

 (b) Such party has the requisite power and authority to execute and deliver this Amendment and to consummate the transactions
contemplated hereby and such execution, delivery and consummation have been duly authorized by all necessary action. This Amendment has been duly executed and delivered by such party and constitutes the valid and binding obligation of such party,
enforceable against it in accordance with its terms. 
 (c) Neither the execution and delivery of this Amendment nor the
consummation of the transactions contemplated hereby will (i) conflict with, or result in a breach or violation of, any provision of its organizational documents, (ii) constitute, with or without notice or the passage of time or both, a
breach violation or default under any law, rule, regulation, permit, license, agreement or other instrument of such party or to which such party or such party’s property is subject, or (iii) require any consent, approval or authorization
of, or notification to, or filing with, any federal, state, local or foreign court, governmental agency or regulatory or administrative authority on the part of such party. 
 (d) Such party (other than the Company) is the owner of the number of shares of Common Stock and/or Preferred Stock set forth opposite such party’s name on the signature pages hereto for purposes of
approving this Amendment to the Stockholder Agreement. 
 7. Other. 

(a) Except as expressly set forth herein, this Amendment shall not by implication or otherwise alter, modify, amend or in any way affect
any of the terms, conditions, obligations, covenants or agreements contained in the Stockholder Agreement, all of which shall continue to be in full force and effect. 

 (b) This Amendment may be executed in any number of counterparts, each of which shall for
all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the duly authorized officers of the parties hereto as of the
date first written above. 
  

	
	RENEWABLE ENERGY GROUP, INC.
	
	By: /s/ Jeffrey Stroburg
	Name: Jeffrey Stroburg
	Title: Chairman and CEO

  

					
		 		 	SHARES OF COMMON
		 		 	AND/OR PREFERRED STOCK
			
	WEST CENTRAL COOPERATIVE	 		 	Series A Preferred Stock: 563,635
			
	By: /s/ Jeffrey Stroburg	 		 	Common Stock: 10,909,053
	Name: Jeffrey Stroburg	 		 	
	Title: President and CEO	 		 	
			
	BUNGE NORTH AMERICA, INC.	 		 	Series A Preferred Stock: 1,361,723
			
	By: /s/ Eric Hakmiller	 		 	Common Stock: 702,780
	Name: Eric Hakmiller	 		 	
	Title: Vice President Bunge Biofuels	 		 	
			
	NATURAL GAS PARTNERS VIII, L.P.	 		 	Series A Preferred Stock: 2,559,808
			
	By: G.F.W. Energy VIII, L.P., general partner	 		 	Common Stock: 1,096
	      By: GFW VIII, L.L.C., general partner	 		 	
	            By: /s/ William J. Quinn	 		 	
	Name: William J. Quinn	 		 	
	Title: Authorized Member	 		 	

					
	E D & F MAN HOLDINGS BV	 		 	Series A Preferred Stock: 2,222,152
			
	By: /s/ Paul Chatterton	 		 	Common Stock: 342,850
	Name: Paul Chatterton	 		 	
	Title: Appointed Representative	 		 	
			
	USRG HOLDCO V, LLC	 		 	Series A Preferred Stock: 3,388,635
			
	By: USRG Management Company, LLC, its manager	 		 	Common Stock: 2,563,268
	      By: /s/ Jonathan Koch	 		 	
	Name: Jonathan Koch	 		 	
	Title: Managing Director	 		 	
			
	NGP ENERGY TECHNOLOGY PARTNERS, L.P.	 		 	Series A Preferred Stock: 2,559,808
			
	By: /s/ Christopher Sorrells	 		 	Common Stock: 1,096
	Name: Christopher Sorrells	 		 	
	Title: Managing Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}]]