Document:

exv4w2

 

EXHIBIT 4.2

AMAIZING ENERGY HOLDING COMPANY, LLC

SUBSCRIPTION AGREEMENT

Limited Liability Company Membership Units

$                      per Unit

Minimum Investment of ___Units ($25,000)

Increments of ___Units Thereafter ($5,000)

The undersigned subscriber (sometimes referred to as “you” or the “Subscriber”), desiring to become
a member of Amaizing Energy Holding Company, LLC, an Iowa limited liability company, with its
principal place of business at 2404 West Highway 30, Denison, Iowa (the “Company”), hereby
subscribes for the purchase of membership units (“Units”) of the Company, and agrees to pay the
related purchase price, identified below.

A. SUBSCRIBER INFORMATION. Please print your individual or entity name and address. Joint
subscribers should provide their respective names. Your name and address will be recorded exactly
as printed below.

	 	 	 	 	 	 	 	 	 
	 	1.	 	 	Subscriber’s Printed Name
	 	 	 	 
	 	 	 	 	 
	 	 	 
	 	2.	 	 	Title, if applicable:
	 	 	 	 
	 	 	 	 	 
	 	 	 
	 	3.	 	 	Subscriber’s Address:
	 	 	 	 
	 	 	 	 	Street
	 	 	 	 
	 	 	 	 	 
	 	 	 
	 	 	 	 	City, State, Zip Code
	 	 	 	 
	 	 	 	 	 
	 	 	 
	 	4.	 	 	Telephone:
	 	 	 	 
	 	 	 	 	 
	 	 	 
	 	5.	 	 	E-mail Address:
	 	 	 	 
	 	 	 	 	 
	 	 	 

B. NUMBER OF UNITS PURCHASED. You must purchase at least                      Units. The minimum number of
units to be sold is                      and the maximum number of units to be sold in the offering is
                    . Please indicate the number of Units you are purchasing in the following box:

 

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

	D.	 	GENERAL INSTRUCTIONS FOR SUBSCRIBERS:

You should read the Prospectus dated [Date of Effectiveness] (the “Prospectus”) in its entirety,
including exhibits, for a complete explanation of an investment in the Company. To subscribe, you
must:

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 Steps 1 through 5 below:

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     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 the Company’s
Operating Agreement attached to this Subscription Agreement as EXHIBIT “A.”

     2. Provide your personal (or business) check for the first installment of ten percent
(10%) of your investment amount made payable to “___, escrow agent for Amaizing
Energy Holding Company, 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 obligation to pay the remaining ninety percent (90%) due for the
Units and granting the Company a security interest in your Units.

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

Amaizing Energy Holding Company, LLC

Attention: Al Jentz                      Attention:

2404 West Highway 30

Denison, IA 51442                 OR

     5. Within thirty (30) days of your receipt of written notice from the Company stating
that its sales of Units have exceeded the minimum offering amount of $40,000,000, you must
deliver to the Company at either of the addresses referenced in numbered paragraph 4 of
these instructions an additional personal (or business) check for the remaining ninety
percent (90%) of your investment amount made payable to “                    , escrow agent for
Amaizing Energy Holding Company, LLC,” in satisfaction of your deferred payment obligations
under the Promissory Note and Security Agreement. You will determine this amount in box C.3
on page 1 of this Subscription Agreement. If you fail to pay the second installment
pursuant to the Promissory Note and Security Agreement, the Company shall be entitled to
retain your first installment and to seek other damages, as provided in the Promissory Note
and Security Agreement.

     If you are subscribing prior to release of funds from escrow, your funds will be placed
in the Company’s escrow account at                     . The funds will be released to the Company
or returned to you in accordance with the escrow arrangements described in the Prospectus.
The Company may, in its sole discretion, reject or accept any part or all of your
subscription. If the Company rejects your subscription, your Subscription Agreement and
investment will be promptly returned to you, plus nominal interest, minus escrow fees. It
is likely that the Company may not consider the acceptance or rejection of your subscription
until a future date near the end of this offering.

INSTRUCTIONS IF YOU ARE SUBSCRIBING AFTER THE COMPANY’S RELEASE OF FUNDS FROM
ESCROW: If you are subscribing after the Company’s release of funds from escrow, you must
follow Steps 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. 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 “Amaizing Energy Holding Company, LLC.”

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

Amaizing Energy Holding Company, LLC

Attention: Al Jentz

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2404 West Highway 30

Denison, IA 51442

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

You may direct your questions to one of our directors listed below or to the Company at (712)
263-2676.

	 	 	 	 	 
	Name	 	Position	 	Phone number
	Sam Cogdill

	 	Chairman & CEO
	 	712-269-2234
	 
	 	 	 	 
	Al Jentz

	 	President and General Manager
	 	712-263-2676
	 
	 	 	 	 
	Becky Constant

	 	Vice President & Director
	 	712-566-2579
	 
	 	 	 	 
	Bill Hammitt

	 	Treasurer & Director
	 	712-743-2974
	 
	 	 	 	 
	Nick Cleveland

	 	Secretary & Director
	 	712-647-2631
	 
	 	 	 	 
	Craig Brodersen

	 	Director
	 	712-678-3723
	 
	 	 	 	 
	Dr. Mark A. Edelman

	 	Director
	 	515-298-1871
	 
	 	 	 	 
	Chuck Edwards

	 	Director
	 	712-243-2244
	 
	 	 	 	 
	Eugene Gochenour

	 	Director
	 	712-648-2562
	 
	 	 	 	 
	Steve Myers

	 	Director
	 	605-696-3100
	 
	 	 	 	 
	Garry Pellet

	 	Director
	 	712-243-3582
	 
	 	 	 	 
	Bill Preston

	 	Director
	 	402-330-2274
	 
	 	 	 	 
	Dave Reinhart

	 	Director
	 	515-523-1772
	 
	 	 	 	 
	David Reisz

	 	Director
	 	712-263-2783
	 
	 	 	 	 
	Tom Smith

	 	Director
	 	402-437-1026
	 
	 	 	 	 
	Don Sonntag

	 	Director
	 	712-249-1906
	 
	 	 	 	 
	Dave Stevens

	 	Director
	 	712-647-2727
	 
	 	 	 	 
	Dave VanderGriend

	 	Director
	 	316-977-6543

	E.	 	Additional Subscriber Information. The Subscriber certifies the following under penalties of
perjury:

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

	 	 	 	 	 	 	 
	o

	 	Individual	 	 	 	 
	 
	 	 	 	 	 	 
	o
	 	Joint Tenants with Right of Survivorship (Both signatures must appear on Page 6.)
	 
	 	 	 	 	 	 
	o
	 	Corporation, Limited Liability Company or Partnership
(Corporate Resolutions, Operating Agreement or Partnership Agreement must be
enclosed.)
	 
	 	 	 	 	 	 
	o

	 	Trust	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	          Trustee’s Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	          Trust Date:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	o
	 	Other: Provide detailed information in the space immediately below.
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 

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

	 	o 	 	 Check box if you are a non-resident alien

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	 	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 above,
please complete this section.

	 	 	 	 	 	 
	 

	 	Address:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 

	 	4.	 	State of Residence.

	 	 	 	 	 	 
	 

	 	State of Principal Residence:	 	 
	 

	 	 	 	 
	 

	 	State where driver’s license is issued:	 	 
	 

	 	 	 	 
	 

	 	State where resident income taxes are filed:	 	 
	 

	 	 	 	 
	 

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

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	a
	 	 	b.
	 	 	c.	 
	 	 	 	 	 	 	 	 	 	 	 

	 	5.	 	Suitability Standards. You cannot invest in the Company unless you meet one of
the following suitability tests (a or b or the heightened standards for Iowa, Kansas,
and Nebraska investors set forth in c), d), and e) 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 $150,000, exclusive of home, furnishings and automobiles.
	 
	 	c.	o	 I (We) reside in Iowa and I (We) have a net worth of $60,000 (exclusive of home, auto and
furnishings) and annual income of $60,000 or, in the alternative, a net worth of $150,000
(exclusive of home, auto and furnishings); or
	 
	 	d.	o	  I (We) reside in Kansas and I (We) have a net worth
of $60,000 (exclusive of home, auto and furnishings) and annual
income of $60,000 or, in the alternative, a net worth of $225,000
(exclusive of home, auto and furnishings).
	 
	 	e.	o	
I (We) reside in Nebraska and I (We) have a new worth of $65,000 (exclusive of home,
automobiles and furnishings) and annual income of $65,000 or, in the alternative, a net
worth of $175,000 (exclusive of home automobiles, and furnishings).
	 
	 	Please complete the following request for additional information:

	I.	 	Employment Information

	 	 	 	 	 	 	 	 	 
	A.	 	Name and Address of Employer:                                         	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	B.	 	Nature of Employer’s Business:	 	 
	 

	 	 	 	 	 	 	 	 

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	C.	 	Dates of Employment: 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	D.	 	Current Position or Title and Responsibilities:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	E.

	 	Age:	 	 	 	 	 	 
	 	 	 	 	 	 	 

	II.	 	Educational Background

	 	 	 	 	 	 	 
	SCHOOL	 	MAJOR	 	DEGREE(S)	 	YRS. ATTENDED
	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 

	III.	 	Do you have such knowledge and experience in financial and business matters that you are
capable of evaluating the merits and risks of an investment in the Company?

     o   Yes                      o    No

	IV.	 	Do you understand the nature of an investment in the Company and the risks associated with
such an investment?

     o   Yes                      o    No

	V.	 	Do you understand that there is no guarantee of any financial return on this investment and
that you run the risk of losing your entire investment?

     o   Yes                      o    No

	VI.	 	This investment provides limited liquidity since the Units are not freely transferable and
the Members have limited rights to withdraw capital from or to withdraw as Members of the
Company, is this an acceptable limitation on your ownership of Units?

     o   Yes                      o    No

	VII.	 	Do you have adequate means of providing for your current needs and personal contingencies in
view of the fact that this investment provides limited liquidity?

     o   Yes                      o    No

	VIII.	 	If the investor is not a natural person:

	 	A.	 	Was the investing entity formed for the purpose of investing in the Company?

     o   Yes                      o    No

	 	B.	 	Did the shareholders, partners, members, or grantors of the investing entity,
as the case may be, contribute additional capital to such entity for the purpose of
purchasing Units?

     o   Yes                      o    No

	 	C.	 	Does the undersigned’s investment in the Company, together with its interests
in all other corporations, partnerships, trusts or associations represent more than ten
percent of the undersigned’s total assets?

     o   Yes                      o    No

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	IX.	 	Have you ever invested in securities?

     o   Yes                      o    No

	X.	 	Have you ever invested in investment partnerships, venture capital funds, or other
non-marketable or restricted securities?

     o   Yes                      o    No

	XI.	 	Indicate the frequency of your investments in non-marketable securities:

     o    Often                      o   Occasional                      o  
 Seldom

Financial Information

	 	 	 	 	 
	 

	 	Net worth (exclusive of home,
home furnishings and
automobiles):
	 	Cash and cash equivalents and liquid
securities (includes stocks, bonds,
government obligations, etc., at fair market value):
	 
	 	 	 	 
	  
	 	o   Under $50,000	 	 
	  
	 	o   $50,000 — $250,000 	 	o   Under $50,000
	  
	 	o   $250,000 — $500,000 	 	o   $50,000 — $74,999
	 

	 	o   $500,000 — $1,000,000
	 	o   $75,000 — $99,999
	 

	 	o   Over $1,000,000
	 	o   Over $100,000
	 
	 	 	 	 
	 

	 	Investments in closely-held companies, personal business
and/or real estate:	 	Equity in all real estate, net of mortgages:
	 

	 	 	 	 
	 

	 	o   Under $25,000
	 	o   Under $50,000
	 

	 	o   $25,000 — $49,999
	 	o   $50,000 — $74,999
	 

	 	o   $50,000 — $74,999
	 	o   $75,000 — $99,999
	 

	 	o   Over $75,000
	 	o   Over $100,000
	 
	 	 	 	 
	 

	 	Other investments:
	 	Annual gross income:
	 
	 	 	 	 
	 

	 	o   Under $25,000
	 	 2003
	 

	 	o   $25,000 — $49,999
	 	o   Under $100,000
	 

	 	o   $50,000 — $74,999
	 	o   Over $100,000
	 

	 	o   Over $75,000	 	 
	 
	 	 	 	 
	 

	 	 	 	 2004
	 

	 	 	 	o   Under $100,000
	 

	 	 	 	o   Over $100,000
	 
	 	 	 	 
	 

	 	 	 	 2005
	 

	 	 	 	o   Under $100,000
	 

	 	 	 	o   Over $100,000

	 	6.	 	Subscriber’s Representations and Warranties. You must read and certify your
representations and warranties and sign and date this Subscription Agreement.
	 
	 	 	 	By signing below the Subscriber represents and warrants to the Company that he, she or
it:

	 	a.	 	has received a copy of the Company’s Prospectus dated
[effective date] and all exhibits thereto;
	 
	 	b.	 	has been informed that the Units of the Company are offered and
sold in reliance upon: (i) a federal securities registration; and (ii) Iowa,
Kansas, Nebraska, Missouri and South Dakota (and, potentially, various other
states) securities registrations;

6

 

	 	c.	 	understands that the Units subscribed for pursuant to this
Subscription Agreement can only be sold to a person meeting requirements of
suitability;
	 
	 	d.	 	has been informed that the Units subscribed for pursuant to
this Subscription Agreement have not been registered under the securities laws
of any state other than the States of Iowa, Kansas, Nebraska, Missouri and
South Dakota (and, potentially, various other states), and that the Company is
relying in part upon the representations of the undersigned Subscriber
contained herein;
	 
	 	e.	 	has been informed that the Units subscribed for pursuant to
this Subscription Agreement have not been approved or disapproved by the Iowa,
Kansas, Nebraska, Missouri and South Dakota (and, potentially, various other
states) Securities Departments or any other regulatory authority, nor has any
regulatory authority passed upon the accuracy or adequacy of the Prospectus;
	 
	 	f.	 	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 or entity;
	 
	 	g.	 	understands that: (i) there is no present market for the
Company’s Units; (ii) the Units will not trade on an exchange or automatic
quotation system; (iii) no such market is expected to develop in the future;
and (iv) there are significant restrictions on the transferability of the
Units;
	 
	 	h.	 	has been encouraged to rely upon the advice of his/her/its
legal counsel and accountants or other financial advisers with respect to the
tax and other considerations relating to the purchase of Units;
	 
	 	i.	 	has received a copy of the Company’s Operating Agreement, dated
January ___, 2007, and understands that upon closing the escrow by the Company,
the Subscriber and the Units will be bound by the provisions of the Operating
Agreement, including, among others, provisions restricting the transfer of
Units;
	 
	 	j.	 	understands that the Units are subject to substantial
restrictions on transfer under state securities laws in addition to the
restrictions contained in the Company’s Operating Agreement, and agrees that if
the Units or any part thereof are sold or distributed in the future, the
Subscriber shall sell or distribute them only in strict accordance with the
terms of the Company’s Operating Agreement, and the requirements of the
Securities Act of 1933, as amended, and applicable state securities laws;
	 
	 	k.	 	meets the suitability test marked in numbered paragraph 5 of
Section E of this Subscription Agreement, and is capable of bearing the
economic risk of this investment, including the possible total loss of the
investment;
	 
	 	l.	 	understands that the Company will place a restrictive legend on
any certificate representing Units, containing substantially the following
language as the same may be amended by the Company’s Directors 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

7

 

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.

	 	m.	 	understands that, to enforce the above legend, the Company may
place a stop transfer order with its registrar and stock transfer agent (if
any) covering all certificates representing Units;
	 
	 	n.	 	has sufficient knowledge and experience in business and
financial matters so as to be able to evaluate the merits and risks of an
investment in the Units;
	 
	 	o.	 	believes that the investment in Units is suitable for the
Subscriber and that he/she/it can bear the economic risk of the purchase of
Units, including the total loss of his/her/its investment;
	 
	 	p.	 	may not transfer or assign this Subscription Agreement, or any
of the Subscriber’s interest herein;
	 
	 	q.	 	has written his/her/its correct taxpayer identification number
under numbered paragraph 2 in Section E of this Subscription Agreement;
	 
	 	r.	 	is not subject to back up withholding, either because the
Subscriber has not been notified by the Internal Revenue Service (“IRS”) that
he/she/it is subject to backup withholding as a result of a failure to report
all interest or dividends, or because the IRS has notified the Subscriber that
he/she/it is no longer subject to backup withholding (Note this clause (r)
should be crossed out if the backup withholding box in numbered paragraph 2 of
Section E of this Subscription Agreement is checked);
	 
	 	s.	 	understands that execution of the Promissory Note and Security
Agreement on page 7 of this Subscription Agreement will allow the Company and
its successors and assigns to pursue the Subscriber for payment of the amount
due thereon by any legal means, including, but not limited to, acquisition of a
judgment against the Subscriber in the event that the Subscriber defaults on
that Promissory Note and Security Agreement; and
	 
	 	t.	 	acknowledges that the Company may retain possession of
certificates representing the Subscriber’s Units to perfect its security
interest in those Units.

8

 

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 AMAIZING ENERGY HOLDING COMPANY, LLC:

Amaizing Energy Holding Company, LLC hereby accepts the subscription for the above Units.

Dated this                      day of                                         , 200___.

AMAIZING ENERGY HOLDING COMPANY, LLC

By:                                         

Its:                                         

9

 

PROMISSORY NOTE AND SECURITY AGREEMENT

Date of Subscription Agreement:                     , 200_.

$                     per Unit

Minimum Investment of                      Units ($25,000),                     Unit Increments Thereafter ($5,000)

        
                Number of Units subscribed

                 
        Total Purchase Price
($       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 Amaizing Energy Holding,
LLC, an Iowa limited liability company (“Amaizing Energy Holding Company”), at its principal office
located at 2404 West Highway 30, Denison, IA 51442, or at such other place as required by Amaizing
Energy Holding Company, the Principal Balance set forth above in one lump sum to be paid without
interest within 30 days following the call of the Amaizing Energy Holding Company 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 Amaizing Energy Holding Company.

The undersigned agrees to pay to Amaizing Energy Holding Company 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
Amaizing Energy Holding Company 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 Amaizing Energy Holding Company, and its successors and assigns (“Secured
Party”), a purchase money security interest in all of the undersigned’s Membership Units of
Amaizing Energy Holding Company 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	 	 	 	 

10

 

EXHIBIT “A”

MEMBER SIGNATURE PAGE

ADDENDA

TO THE

AMENDED AND RESTATED OPERATING AGREEMENT

OF

AMAIZING ENERGY HOLDING COMPANY, LLC

     The undersigned does hereby represent and warrant that the undersigned, as a condition to
becoming a Member in Amaizing Energy Holding Company, LLC, has
received a copy of the Amended and Restated Operating
Agreement, and, if applicable, all amendments and modifications thereto, and does hereby agree that
the undersigned, along with the other parties to the Amended and Restated Operating Agreement, shall be subject to and
comply with all terms and conditions of said Amended and Restated Operating Agreement in all respects as if the
undersigned had executed said Amended and Restated Operating Agreement on the original date thereof and that the
undersigned is and shall be bound by all of the provisions of said Amended and Restated Operating Agreement from and
after the date of execution hereof.

	 	 	 
	Individuals:

	 	Entities:
	 
	 	 
	 

	 	 
	     Name of Individual Member (Please Print)

	 	     Name of Entity (Please Print)
	 
	 	 
	 

	 	 
	     Signature of Individual

	 	     Print Name and Title of Officer
	 
	 	 
	 

	 	 
	     Name of Joint Individual Member (Please Print)

	 	     Signature of Officer
	 
	 	 
	 

	 	 
	     Signature of Joint Individual Member
	 	 

Agreed and accepted on behalf of the

Company and its Members:

AMAIZING ENERGY HOLDING COMPANY, LLC

By:                                        

Its:exv4w3

 

EXHIBIT 4.3

ESCROW AGREEMENT

PART I

     THIS ESCROW AGREEMENT PART I (this “Agreement” or “Escrow Agreement Part I”) is made this                     
day of                     , 2007, by and between Amaizing Energy Holding Company, LLC, an Iowa
limited liability company (the “Company”), and
                    ,
                                        , as escrow agent (the
“Escrow Agent”).

W I T N E S S E T H:

     WHEREAS, the Company proposes to offer a minimum of                      and a maximum of                      of
its Membership Units (the “Units”) at a price of $                     per Unit, in minimum blocks of
                                         Units in an offering (the “Offering”) conducted pursuant to a registration
statement (the “Registration Statement”) filed or to be filed with the Securities and Exchange
Commission (the “Commission”) and various states, including, without limitation, the states of
Iowa, Kansas, Nebraska, Missouri, and South Dakota, and potentially pursuant to exemptions in other
states;

     WHEREAS, the Company will allow investors in the Offering to deliver the purchase price of the
subscribed Units in installments; and

     WHEREAS, the Company desires to comply with the requirements of federal and state securities
laws and regulations, and desires to protect the investors (collectively referred to herein as the
“Subscribers” or individually referred to herein as a “Subscriber”) in the Offering by providing,
under the terms and conditions herein set forth, for the return to Subscribers of the money which
they may pay on account of purchases of Units in the Offering if the “Minimum Escrow Deposit” (as
hereinafter defined) is not deposited with the Escrow Agent in accordance with the terms of this
Agreement; and

     WHEREAS, the Company intends to use this Escrow Agreement Part I for subscription proceeds of
approximately $40,000,000 to capitalize the construction of the Company’s Atlantic, Iowa ethanol
facility and to use Escrow Agreement Part II, also by and between the Company and the Escrow Agent,
for subscription proceeds raised after Escrow Agreement Part I is terminated to capitalize the
construction of the Company’s Denison, Iowa ethanol plant expansion project.

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

     1. Acceptance of Appointment.                                          hereby agrees to act as the Escrow Agent
under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof
requiring performance by any other party hereunder.

     2. Establishment of Escrow Account. An escrow account (the “Escrow Account”) is
hereby established with the Escrow Agent for the benefit of the Subscribers in the Offering.
Except

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as specifically provided in this Agreement, the Escrow Account shall be created and maintained
subject to the customary rules and regulations of the Escrow Agent pertaining to such accounts.

     3. Ownership of Escrow Account. Until such time as the funds deposited in the Escrow
Account (the “Escrow Funds”) shall equal the Minimum Escrow Deposit (as hereinafter defined), the
funds deposited in the Escrow Account by the Company shall not become the property of the Company
or be subject to the debts of the Company or any other person, but shall be held by the Escrow
Agent solely for the benefit of the Subscribers.

     4. Deposit of Proceeds. All proceeds from subscriptions in the Offering shall be
delivered by the Company to the Escrow Agent, within forty-eight hours of receipt, endorsed (if
appropriate) to the order of the Escrow Agent, together with an appropriate written statement
setting forth the name, address and social security number of each Subscriber, the number of Units
subscribed for, and the amount paid by each such Subscriber. Any such proceeds deposited with the
Escrow Agent in the form of uncollected checks shall be promptly presented by the Escrow Agent for
collection through customary banking and clearing house facilities.

     5. Investment of Escrow Funds. The Escrow Funds shall be credited by the Escrow Agent
and recorded in the Escrow Account. The Escrow Agent shall be permitted, and is hereby authorized
and directed to deposit transfer, hold and invest all Escrow Funds, including principal and
interest, in Federal Government Obligations or obligations issued and/or guaranteed as to principal
and interest by agencies or instrumentalities of the U.S. Government or common funds or mutual
funds which invest primarily in such obligations. Any interest received by Escrow Agent with
respect to the Escrow Funds shall be paid pursuant to the terms of this Agreement.

     6. Termination of Escrow. Unless sooner terminated pursuant to Section 7 below, this
Agreement and the Escrow Account created hereunder shall terminate as of the date, which is one
year and one day following the date upon which the Commission authorizes the Offering (the
“Offering Effective Date”) or later if the Commission, upon the request of the Company, extends the
effectiveness of the Offering beyond the initial one year and one day period of effectiveness (the
“Termination Date”); provided, however, that if prior to the Termination Date, the Company has
accepted subscriptions for Units equal to the Minimum Escrow Deposit, and the Company has advised
the Subscribers for those Units to remit to the Escrow Agent the balance of the purchase price,
then the Escrow Account may continue beyond the Termination Date until all amounts payable by such
Subscribers have been paid and the conditions for releasing the Escrow Funds have been satisfied.
In no event shall this date be later than three (3) months following the Termination Date.

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

     A. The Escrow Agent shall send to the Company every seven (7) days a written itemized
notice acknowledging the receipt and amount of the Escrow Funds.

     B. The Escrow Agent shall give the Company prompt written notice when the Escrow Funds,
exclusive of interest, equal or exceed ten percent (10%) of the Minimum

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Escrow Deposit, which is defined below. Following receipt of such notice, the Company
will advise the Subscribers for Units to remit to the Escrow Agent the balance of the
purchase price within thirty (30) days. The Escrow Agent shall give the Company prompt
written notice when the Escrow Funds, exclusive of interest, equal or exceed the Minimum
Escrow Deposit.

     C. At the time (and in the event) that: (a) the Escrow Funds, exclusive of interest,
equal or exceed $40,000,000 (the “Minimum Escrow Deposit”); (b) the Escrow Agent shall have
received written confirmation from the Company that the Company has affirmatively elected in
writing to terminate this Agreement; (c) the Escrow Agent shall have provided to each state
securities department in which the Company has registered its securities, as communicated to
the Escrow Agent by the Company, an affidavit stating that the requirements of this
Subsection 7.C to Escrow Agreement Part I have been satisfied; and (d) in each state in
which consent is required, the state securities commissioners have consented to release of
the funds on deposit, then this Agreement shall terminate, and the Escrow Agent shall
promptly disburse the Escrow Funds, including interest, to the Company to be used in
accordance with the provisions set out in the Registration Statement. Upon completing such
disbursement, the Escrow Agent shall be completely discharged and released of any and all
further responsibilities under this Escrow Agreement Part I.

     D. In the event the Escrow Funds do not equal or exceed the Minimum Escrow Deposit on
or before the Termination Date, the Escrow Agent shall return to each of the Subscribers in
the Offering as promptly as possible after the Termination Date and on the basis of its
records pertaining to the Escrow Account: (a) the sum which each Subscriber initially paid
on account of such Subscriber’s subscription for Units, and (b) each Subscriber’s portion of
the total interest earned on the Escrow Account as of the Termination Date. Computation of
any Subscriber’s share of the net interest earned on the Escrow Account will be a weighted
average based on the ratio of such Subscriber’s deposit in the Escrow Account to all such
Subscribers’ deposits therein, and upon the length of time that such deposit was held in the
Escrow Account as compared to all such deposits. All computations with respect to each
Subscriber’s allocable share of net interest shall be made by the Escrow Agent, which
determinations shall be final and conclusive. Any amount paid or payable to a Subscriber
pursuant to this Section shall be deemed to be the property of such Subscriber, free and
clear of any and all claims of the Company or its agents or creditors; and any further
purchase obligation of such Subscriber in connection with the Offering shall thereupon be
deemed, ipso facto, to be cancelled without any further liability. At such time as the
Escrow Agent shall have made all of the payments called for in this Section, the Escrow
Agent shall be completely discharged and released of any and all further responsibilities
hereunder, except that the Escrow Agent shall be required to prepare and issue an IRS Form
1099 to each Subscriber.

     E. In the event the Company offers its Subscribers the right to withdrawal and
terminate their subscription agreements pursuant to a rescission offer (“Rescission Offer”)
the Escrow Agent shall return to each rescinding Subscriber, as promptly as possible on the
basis of its records pertaining to the Escrow Account: (a) the sum which each rescinding
Subscriber initially paid in on account of subscriptions for the Units in the

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Offering and (b) each rescinding Subscriber’s portion of the total interest earned on
the Escrow Account as of the Termination Date. Computation of any rescinding Subscriber’s
share of the net interest earned will be a weighted average based on the proportion of such
rescinding Subscriber’s deposit in the Escrow Account from the Offering to all such
Subscribers’ deposits held by the Escrow Agent and upon the length of time in days such
deposit was held in the Escrow Account as compared to all such deposits. All computations
with respect to each rescinding Subscriber’s allocable share of net interest shall be made
by the Escrow Agent, which determinations shall be final and conclusive. Any amount paid or
payable to a rescinding Subscriber pursuant to this paragraph shall be deemed to be the
property of such rescinding Subscriber, free and clear of any and all claims of the Company
or its agents or creditors; and the respective purchases of the Units made and entered into
in the Offering shall thereupon be deemed, ipso facto, to be cancelled without any further
liability of the rescinding Subscribers or any of them to pay for the Units. At such time
as the Escrow Agent shall have made all the payments called for in this paragraph, the
Escrow Agent shall continue to be bound by the other provisions of this Agreement, except
that Escrow Agent shall be required to prepare and issue a single IRS Form 1099 to each
rescinding Subscriber.

     8. Agreement with Escrow Agent. To induce the Escrow Agent to act hereunder, it is
agreed by the Company that:

     A. The Company will deliver a copy of the Registration Statement to the Escrow Agent
upon notice of the Securities and Exchange Commission’s declaration of effectiveness. The
Escrow Agent will have no responsibility to examine the Registration Statement with regard
to the Escrow Account or otherwise.

     B. The sole duty of the Escrow Agent, other than as herein specified, shall be to
receive the Escrow Funds and hold them subject to disbursement in accordance herewith. The
Escrow Agent shall be under no duty to determine whether the Company is complying with the
requirements of this Agreement in tendering to the Escrow Agent proceeds from sales of or
subscriptions for Units. The Escrow Agent may conclusively rely upon and shall be protected
in acting in reliance upon, any statement, certificate, notice, request, consent, order or
other document believed by it to be genuine and to have been signed or presented by the
proper party or parties. The Escrow Agent shall have no duty or liability to verify any
such statement, certificate, notice, request, consent, order or other document, and its sole
responsibility shall be to act only as expressly set forth in this Agreement. The Escrow
Agent shall be under no obligation to institute or defend any action, suit or proceeding in
connection with this Agreement unless first indemnified to its satisfaction. The Escrow
Agent may consult counsel in respect of any question arising under this Agreement, and the
Escrow Agent shall not be liable for any action taken or omitted in good faith upon advice
of such counsel.

     C. The Company hereby indemnifies and holds harmless the Escrow Agent from and against
any and all loss, liability, cost, damage and expense, including, without limitation,
reasonable counsel fees, which the Escrow Agent may suffer or incur by reason of any action,
claim or proceeding brought against the Escrow Agent arising out of or

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relating to this Agreement or any transaction to which this Agreement relates, unless
such action, claim or proceeding is the result of the gross negligence or willful misconduct
of the Escrow Agent.

     9. Resignation and Removal of Escrow Agent; Successors. The Escrow Agent may resign
upon thirty (30) days advance written notice to the Company. If a successor Escrow Agent is not
appointed within the 30-day period following such notice, the Escrow Agent may petition any court
of competent jurisdiction to name a successor Escrow Agent. Any commercial banking institution or
trust company with which the Escrow Agent may merge or consolidate, and any commercial banking
institution or trust company to which the Escrow Agent transfers all or substantially all of its
corporate trust business shall be the successor Escrow Agent without further act.

     10. Fees and Expenses of Escrow Agent. The Company agrees to pay the Escrow Agent the
fees specified in the Escrow Agent’s fee schedule attached hereto as EXHIBIT A, in the
manner set forth therein, unless otherwise agreed to by the parties in writing. The parties
further agree that such fees shall be paid by the Company and not from interest on the Escrow
Account or from the principal. The Company shall be solely responsible for the payment of such
fees, and the Escrow Agent shall not seek payment of the fees from subscribers or apply any
interest or principal deposited by subscribers in the Escrow Account against such fees. The fee
agreed upon herein is intended as full consideration for the Escrow Agent’s services as
contemplated by this Agreement; provided, however, that in the event (a) the Escrow
Agent renders any material service not contemplated in this Agreement, (b) any material controversy
arises hereunder, or (c) the Escrow Agent is made a party to any litigation pertaining to this
Agreement, or the subject matter hereof, then the Escrow Agent shall be reasonably compensated for
such extraordinary services and reimbursed for all costs and expenses, including reasonable
attorney’s fees, occasioned by any delay, controversy, litigation or event, and the same shall be
recoverable from the Company, but not from the Escrow Account.

     11. Notices. All notices, requests, demands, and other communications under this
Agreement shall be in writing and shall be deemed to have been duly given (a) on the date of
service if served personally on the party to whom notice is to be given, (b) on the day of
transmission if sent by facsimile transmission to the facsimile number given below, and telephonic
confirmation of receipt is obtained promptly after completion of transmission, (c) on the next day
on which such deliveries are made in Denison, Iowa, when delivery is to Federal Express or similar
overnight courier or the Express Mail service maintained by the United States Postal Service, or
(d) on the fifth day after mailing, if mailed to the party to whom notice is to be given, by first
class mail, registered or certified, postage prepaid, and properly addressed, return receipt
requested, to the party as follows:

          If to Escrow Agent:

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          If to the Company:

Amaizing Energy Holding Company, LLC

2404 West Highway 30

Denison, IA 51442

Attn: Sam Cogdill, CEO

Fax: 712-263-4134

Phone: 712-263-2676

          with a required copy to:

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

666 Grand Avenue, Suite 2000

Des Moines, IA 50309

Attention: Catherine Cownie

Fax: (515) 283-0231

Phone: (515) 242-2490

     12. Governing Law. This Agreement shall be construed, performed, and enforced in
accordance with, and governed by, the internal laws of the State of Iowa, without giving effect to
the conflicts of laws provisions.

     13. Successors and Assigns. Except as otherwise provided in this Agreement, no party
hereto shall assign this Agreement or any rights or obligations hereunder without the prior written
consent to the other parties hereto, and any attempted assignment without such prior written
consent shall be void and of no force and effect. This Agreement shall inure to the benefit of,
and shall be binding upon, the successors and permitted assigns of the parties hereto.

     14. Severability. In the event that any part of this Agreement is declared by any
court or other judicial or administrative body to be null, void, or unenforceable, said provision
shall survive to the extent it is not so declared, and all of the other provisions of this
Agreement shall remain in full force and effect.

     15. Further Assurances. Each of the parties shall execute such documents and other
papers and take such further actions, as may be reasonably required or desirable to carry out the
provisions hereof and the transactions contemplated hereby.

     16. Amendments. This Agreement may be amended or modified, and any of the terms,
covenants, representations, warranties, or conditions hereof may be waived, only by a written
instrument executed by the parties hereto, or in the case of a waiver, by the party waiving

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compliance. Any waiver by any party of any condition, or of the breach of any provision, term,
covenant, representation, or warranty contained in this Agreement, in any one or more instances,
shall not be deemed to be nor construed as a further or continuing waiver of any such conditions,
or of the breach of any other provision, term, covenant, representation or warranty of this
Agreement.

     17. Entire Agreement. This Agreement contains the entire understanding among the
parties hereto with respect to the transactions contemplated hereby and supersedes and replaces all
prior and contemporaneous agreements and understandings, oral or written, with regard to such
Escrow Account.

     18. Section Headings. The section headings in this Agreement are for reference
purposes only and shall not affect the meaning or interpretation of this Agreement.

     19. Counterparts. This Escrow Agreement Part I may be executed in two or more
counterparts, each of which shall be deemed an original but all of which together shall constitute
one and the same instrument.

     IN WITNESS WHEREOF, the parties hereto have hereunto affixed their signatures as of the day
and year first written above.

	 	 	 	 	 	 	 	 	 
	THE COMPANY:	 	 	 	ESCROW AGENT:
	 
	 	 	 	 	 	 	 	 
	AMAIZING ENERGY HOLDING	 	 	 	 	 	 
	 	 	 	 	 	 	 
	COMPANY, LLC	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	     Sam Cogdill, CEO
	 	 	 	Its:	 	 
	 

	 	 	 	 	 	 	 	 

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EXHIIBT A

[Attach Escrow Agent’s Fee Schedule]

8

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