Document:

EX-10.1

 Exhibit 10.1 

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT. THE REDACTIONS ARE INDICATED WITH “[**]”. A
COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION. 
 ETHANOL AND ISOBUTANOL PURCHASE
AND MARKETING AGREEMENT 
 THIS ETHANOL AND ISOBUTANOL PURCHASE AND MARKETING AGREEMENT (this “Agreement”), dated as of
February 16, 2018 (the “Execution Date”), is entered into by and between Eco-Energy, LLC, a Tennessee limited liability company with its registered office at 6100 Tower Circle, Suite 500,
Franklin, Tennessee 37067 (“Eco”), and Agri-Energy, LLC, with its principal office located at 502 S Walnut Ave, Luverne, MN 56156 (“Agri-Energy”). 

RECITALS 
 A. Agri-Energy operates an
ethanol and isobutanol production facility located at 502 South Walnut Ave, Luverne, MN 56156 (the “Plant”) that is currently capable of producing up to approximately 18 million gallons per year of commercially marketable
ethanol (the “Ethanol Output”) and up to 1.5 million gallons per year isobutanol (the “Isobutanol Output”) and desires to enter into a marketing agreement for the Ethanol Output and Isobutanol Output. 

B. Eco is an ethanol marketer and is experienced in the marketing, selling and transportation of ethanol, and is willing to purchase and market all or a
portion of the entire Ethanol Output and Isobutanol Output of the Plant. 
 NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, IT IS AGREED BETWEEN THE PARTIES: 
 1. Minimum Amounts: 

(a) Agri-Energy shall sell [**] ethanol production to Eco (the “Monthly Ethanol Production”), and Eco shall purchase from
Agri-Energy the entire amount of ethanol production made available by Agri-Energy to Eco each month during the Term (as defined in Section 20(a)), on the terms set forth in this Agreement. The parties agree and understand
that Agri-Energy’s Monthly Ethanol Production will vary and that Agri-Energy will have no obligation to Eco under this Agreement if in any given calendar month Agri-Energy produces no ethanol, except for any obligations associated with Accepted
Purchase Orders as contemplated in Section 2(c) below. 
 (b) In the event Agri-Energy sells more than [**] of its ethanol production to
any person other than Eco, Eco shall have all rights and remedies available at law or otherwise, including, without limitation, offsetting amounts that would have been payable to Eco for such ethanol against amounts owed by Eco to Agri-Energy. If,
however, Agri-Energy is offered a more favorable third-party product price quote than that which Eco has offered, and the quote is comparable in regard to term and structure, Agri-Energy shall provide notice to Eco of the offer specifying the
counterparty, quantity, and specification. Upon receiving the aforementioned notification, Eco shall have the right, but not the obligation, to match the offer or transact directly with the third party if they meet Eco credit requirements. 

  

			
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 (c) Agri-Energy may sell isobutanol to Eco from time to time. Agri-Energy shall have no
obligation to sell any isobutanol to Eco. 
 (d) Eco may purchase and otherwise market and sell ethanol and other products for Eco’s own
use or account, and Eco may also market and sell ethanol and other products of other persons (including affiliates or related parties of Eco) as well as provide services to other persons, on such terms and conditions as are determined by Eco from
time to time. 
 (e) Upon reasonable notice, Eco shall have the right to audit such books and/or records of Agri-Energy as it relates
specifically to the Monthly Ethanol Production to ensure compliance with Section 1(a) of this Agreement. If Eco elects to perform the rights granted in this Section it must perform such audit in a reasonable and judicious manner. 

2. Purchase and Sale: 

(a) Eco shall use commercially reasonable efforts to solicit competitive market offers for the ethanol and isobutanol purchased from
Agri-Energy. Eco shall use reasonable efforts to optimize freight, fuel characteristics, and other marketing tools to provide competitive market pricing for Agri-Energy’s ethanol and isobutanol production. Eco’s efforts shall include
working with Agri-Energy, developing, and emerging markets to provide favorable ethanol and isobutanol pricing back to Agri-Energy when compared with market alternatives. When commercially reasonable, Eco shall assist Agri-Energy in determining if
offers are competitive with alternative markets by providing market insight as part of the purchase offers or contracts. 
 (b) Eco shall use
its commercially reasonable efforts to, from time to time, submit purchase orders or purchase contracts similar to Exhibit B (each, a “Purchase Order”) to Agri-Energy for purchases of ethanol or isobutanol produced at the Plant, all
upon and subject to the terms and conditions of this Agreement. Eco may place a Purchase Order with Agri-Energy orally, by email or by a written Purchase Order in a form mutually acceptable to Agri-Energy and Eco. Any Purchase Orders agreed to
orally shall promptly be confirmed in writing by Agri-Energy and Eco. The terms of any Purchase Order shall specify a purchase price F.O.B. the Plant (the “Purchase Price”) and shall specify the method of transport of the ethanol or
isobutanol (i.e., via truck, rail or some combination thereof) and include a request for the sale and delivery of ethanol or isobutanol, as the case may be, on a one-time basis or on a daily, weekly, monthly
or other periodic basis. Any Purchase Order may be cancelled by Eco at any time, prior to the earlier of: (i) the time at which such Purchase Order becomes an Accepted Purchase Order (as that term is defined in
Section 2(c) below) or (ii) prior to the time that Agri-Energy has entered into a legally binding commitment based upon the Purchase Order. 

(c) Agri-Energy may accept or reject each Purchase Order in whole but not in part. Agri-Energy shall notify Eco of Agri-Energy’s
acceptance or rejection of each particular Purchase Order within the time period specified in such Purchase Order, or if no time period is specified in such Purchase Order, within twenty-four (24) hours of Agri-Energy’s receipt of such
Purchase Order (in either case, the “Acceptance Period), and if Agri-Energy fails to notify Eco within the Acceptance Period, Agri-Energy shall be deemed to have rejected such Purchase Order.
Agri-

  

			
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Energy may accept or reject any Purchase Order orally, by e-mail or by written notice, provided, however, that Agri-Energy shall confirm all oral Purchase
Orders in writing. Any Purchase Order that is accepted by Agri-Energy is referred to in this Agreement as an “Accepted Purchase Order” and is binding on both parties and becomes incorporated into this Agreement. Thus, each Accepted
Purchase Order becomes assimilated into this Agreement for purposes of determining the parties’ rights, duties, and/or liabilities. Notwithstanding any other term or condition of this Agreement or any Accepted Purchase Order, in the event of
any inconsistency between the terms and conditions of this Agreement and any Accepted Purchase Order, this Agreement shall govern unless such Accepted Purchase Order expressly states its intent to supersede this Agreement and is in writing and
signed by authorized officers of both Eco and Agri-Energy. Eco shall summarize the terms of the Accepted Purchase Order in the form of a Purchase Contract (“Purchase Contract”). 

(d) Each party shall designate one or more persons (each a “Representative”) who shall be authorized and directed to deal with the
other party hereunder and to make all sales decisions on behalf of such party. All directions, transactions and authorizations given by such Representative(s) whether orally, electronically (including, without limitation, by email), by facsimile or
in writing shall be binding upon the party that appointed the Representative. Both parties shall be entitled to rely on the authorization of the other party’s Representative(s) until it receives written notification from the other party that
such authorization has been revoked and the name and contact information of the replacement representative(s). 
 3. Purchase Price
and Fees: 
 (a) The amount payable by Eco to Agri-Energy for ethanol that is purchased by Eco pursuant to this Agreement shall be
the Purchase Price set forth in the applicable Accepted Purchase Order. 
 (b) The amount payable by Agri-Energy to Eco for services related
to ethanol to be sold to Eco under this Agreement shall be equal to [**] to Agri Energy in the applicable Purchase Order. 
 (c) The amount
payable by Eco to Agri-Energy for isobutanol that is purchased by Eco pursuant to this Agreement shall be the Purchase Price set forth in the applicable Accepted Purchase Order (the “Isobutanol Fee”). 

(d) The amount payable by Agri-Energy to Eco for services related to isobutanol to be provided by Eco under this Agreement shall be equal to
[**] of isobutanol. 
 4. Payment: 

(a) Subject to the terms and conditions set forth in this Agreement, upon Eco’s receipt from Agri-Energy of a bill of lading (BOL) and
certificate of analysis (COA) for shipments made the previous week up until Sunday 11:59PM, Eco will pay to Agri-Energy by wire transfer each Thursday of that week. Eco shall deliver to Agri-Energy a bill of lading that identifies the ethanol or
isobutanol for which payment is being made, the Purchase Contract that is the subject of the payment, the Purchase Price, amounts owed by Agri-Energy being netted against amounts owed by Eco (as defined in 4(c)) and the final amount being paid. 

  

			
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 (b) Subject to the terms and conditions set forth in this Agreement, Eco assumes the credit risk
upon passage of title and risk of loss of the product as defined in 7(e) of this Agreement, and at no point will amounts owed to Agri-Energy be subject to or withheld because of the credit risk assumed by Eco. 

(c) Subject to the terms and conditions set forth in this Agreement, the parties hereby agree that they shall discharge mutual debts and
payment obligations due and owing to each other on a rotating and continuous basis through netting. Thus, all amounts owed by each party to the other party for the purchase and sale of any product and/or services (e.g., ethanol, isobutanol, ethanol
marketing services, isobutanol marketing services, etc.) during the weekly billing period under this Agreement shall be netted so that only the excess amount remaining due shall be paid by the party who owes it at the end of each week. Each party
will be responsible for keeping an accurate accounting of its accounts payable and receivable in a manner that justifies its prior week netting. 

(d) Eco will negotiate all freight fees regarding the shipment of ethanol and isobutanol from the Plant. Eco will be responsible for remitting
payment directly to all truck and rail carriers for all outbound shipments. 
 5. Renewable Identification Numbers:
Agri-Energy shall accurately and timely assign Renewable Identification Numbers (singly, a “RIN” and, collectively, “RINs”) for all ethanol delivered hereunder with the equivalency value of 1.0 for corn ethanol and
for all isobutanol delivered hereunder with the equivalency value of 1.3 for corn isobutanol. Such RINs shall comply with the rules and regulations promulgated by the Environmental Protection Agency pursuant to the Renewable Fuels Standard (as it
may hereafter be amended, restated or modified). Simultaneously with the transfer of title to any ethanol or isobutanol from Agri-Energy to Eco hereunder (on invoice), Agri-Energy shall accurately assign and transfer the RIN or RINs for such ethanol
or isobutanol to Eco. Alternatively, if it is later determined feasible, Agri-Energy shall permit Eco to generate, assign and transfer the RIN or RINs for such ethanol or isobutanol, acting as an Agent on behalf of Agri-Energy, including, without
limitation, the creation and delivery of all necessary product transfer documents as required under applicable federal laws and regulations through the EPA EMTS. Upon request, Eco shall provide Agri-Energy with a transaction summary of all quarterly
transactions; however, Agri-Energy shall remain responsible and accountable for the correct report submission of such required reports to the EPA. 

6. Production and Loading Reports and Schedules: 

(a) Agri-Energy shall provide to Eco ethanol production forecasts, as well as daily plant inventory balances for ethanol. The aforementioned
information should include at a minimum the following: 
 (i) quarterly production schedules that accurately specify to the
greatest extent possible the ethanol production schedule at the Plant for the following six calendar months; and 
 (ii) a
daily status report by 1000 A.M. (CST) that provides: 

  

			
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 (1) that day’s ethanol inventory, prior day’s production, that
day’s production schedule for the Plant and the estimated production for the succeeding day; 
 (2) the volume of
ethanol then stored at the Facility; 
 (3) the number of Railcars at the Facility on such day that have not yet left the
Facility and are: 
 a. empty; or 

b. loaded with ethanol; and 

(4) such other increased or changed information as the parties may agree. 

(b) Eco shall schedule the loading and shipment of all ethanol and isobutanol at the Plant, and shall provide to Agri-Energy no later than 3
p.m. on Wednesday of each week during the term of this Agreement: 
 (i) a loading schedule for the following week specifying
the total loads to be shipped for the week, loads to be shipped for each Accepted Purchase Order, quantities of ethanol to be removed from the Plant each day and the method of transportation from the Plant (i.e. by truck or rail); and 

(ii) rolling monthly estimates for the following month specifying the total loads to be shipped for the month, loads to be
shipped for each Accepted Purchase Order, quantities of ethanol and isobutanol to be removed from the Plant each day, and method of transportation from the Plant (i.e. by truck or rail). 

(c) On Monday and Wednesday of each week, Eco shall notify Agri-Energy of the then current estimate of the dates and times that railcars and
trucks that Eco has scheduled to arrive at the Facility to take delivery of Ethanol and isobutanol 
 (d) No later than 5 p.m. each Friday
(or such other day and time as Eco and Agri-Energy mutually agree) and such other times as Agri-Energy may reasonably request, Eco shall deliver a report listing each outstanding Accepted Purchase Order, which shall include: 

(i) the Accepted Purchase Order number; 

(ii) the amount of ethanol or isobutanol of such Accepted Purchase Order previously filled and the dates on which such portion
or portions were filled and the remaining volumes of ethanol or isobutanol to be delivered in connection such Accepted Purchase Order; and 

(iii) the scheduled delivery dates for each outstanding Accepted Purchase Order. 

  

			
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 (e) Eco and Agri-Energy shall cooperate in coordinating production and loading schedules,
including by promptly notifying the other of any changes in any production or loading reports or schedules delivered hereunder; provided, however, that Eco shall be entitled to act and rely upon the production forecasts provided to Eco by
Agri-Energy as described in Section 6 of this Agreement. 
 (f) No later than the fifth day of each calendar month
during the Term, Agri-Energy shall provide Eco a report specifying the number of gallons of ethanol produced by the Plant in the immediately preceding calendar month. 

(g) In order to assist Agri-Energy with analyzing the market and market opportunities, from time to time, as reasonably requested by
Agri-Energy, Eco shall deliver to Agri-Energy a market insight report that provides indication key marked drivers, stocks and production reports. Eco agrees to make generally available to Agri-Energy all market insight, analysis and recommendations
it derives from its involvement with and knowledge of ethanol production, supplies, trading and logistics. 
 (h) Eco assumes responsibility
for logistics, railcar, and truck schedule management through a combination of the above activities partnered with active analysis of railcar fleet traces and projections of turn times, car movements, etc. 

7. Delivery, Storage, Loading, Title:  

(a) The place of delivery by Agri-Energy and pick-up by Eco for all ethanol and isobutanol purchased by
Eco under this Agreement shall be F.O.B. the loading flange at the truck/rail load out of the Plant. Agri-Energy shall grant and allow Eco and its agents (including, without limitation, all truck and rail carriers) reasonable access to the Plant in
the manner and at the times requested by Eco in order to allow Eco to take delivery of ethanol and isobutanol in accordance with the loading schedules provided by Eco pursuant to Section 6. 

(b) Agri-Energy shall confirm, no later than the next day, meter or weight certificates, bills of lading and certificates of quality analysis
for the previous day’s deliveries of ethanol and isobutanol to Eco. 
 (c) Eco shall arrange for all trucks and rail cars as needed to
take delivery of all ethanol. Eco shall use its commercially reasonable efforts to manage the arrival of trucks and rail cars to be at the Plant for pick-up of ethanol and isobutanol in accordance with
Eco’s loading schedules as provided to Agri-Energy pursuant to Section 6, or as otherwise mutually agreed by Eco and Agri-Energy. 

(d) Agri-Energy shall provide and supply, without charge to Eco, all facilities, equipment and labor necessary to load the ethanol and
isobutanol into trucks and rail cars (as applicable) at the Plant. Agri-Energy shall maintain all loading facilities and equipment at the Plant in accordance with industry standards and in good and safe operating condition and repair, subject to
ordinary wear and tear. Without limiting the preceding sentence, Agri-Energy shall ensure (i) all trucks and rail cars shall be loaded to their full legal capacity (except as otherwise requested by Eco), and (ii) all trucks and rail cars
shall be loaded without delay as quickly as is reasonably possible. Agri-

  

			
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Energy will not pay demurrage charges for instances where truck loading is delayed due to multiple trucks arriving for loadout within the same general timeframe. In the event foreign matter or a
foreign substance is discovered in any load of ethanol or isobutanol delivered hereunder, Agri-Energy shall take all action (at its cost and expense) to cooperate with Eco to determine such foreign matter or foreign substance and its content.
Agri-Energy shall handle all ethanol and isobutanol during the loading process in a good and workmanlike manner and in accordance with Eco’s reasonable requirements and customary industry practices. 

(e) Subject to Sections 9(b) and 10, transfer of product control (meeting the requirements of ASC 606—Revenue from
Contracts with Customers), including title and risk of loss for ethanol or isobutanol shall pass from Agri-Energy to Eco after the loading of the ethanol or isobutanol into trucks, rail cars at the loading flange between the Plant and the
transportation vehicle. 
 8. Quantity of Ethanol and Isobutanol; Production: 

(a) The quantity of ethanol and isobutanol delivered to Eco under this Agreement and loaded by truck and rail shall be definitively established
by outbound meter and weight certificates obtained from meters and scales of Agri-Energy that are properly certified as of the time of loading in accordance with any requirements imposed by any governmental or regulatory authorities and that
otherwise comply in all material respects with all reasonable commercial standards and applicable laws, rules and regulations. Agri-Energy agrees to maintain at the Plant, in good and safe operating condition and repair and in accordance in all
material respects with all applicable laws, rules and regulations, truck scales or metered pumps suitable for weighing/measuring ethanol. All costs and expenses incurred in connection with obtaining such certificates, and maintaining such truck
weights, shall be borne by Agri-Energy. 
 9. Quality of Ethanol and Isobutanol: 

(a) All ethanol sold to Eco hereunder shall meet all of the specifications and quality standards for ethanol set forth in Exhibit A (the
“Specifications”). All isobutanol sold to Eco hereunder shall meet all of the Specifications for isobutanol set forth on Exhibit A. 

(b) Notwithstanding any other term or condition of this Agreement, Agri-Energy agrees and acknowledges that it will be solely responsible for
the quality of the ethanol and isobutanol produced at the Plant while it is within Agri-Energy’s control. 
 (c) The warranties above in
this Section 9 do not extend to any device, product, or system into which the ethanol or isobutanol is incorporated. The warranties and remedies are conditional upon proper storage, installation, use and maintenance with care and good
workmanship and/or in accordance with Agri-Energy’s instructions. This warranty is for the sole benefit of Eco, and does not extend to any subsequent transferee or purchaser of the ethanol or isobutanol products. Eco will not provide any
representations or warranties on behalf of Agri-Energy. 
 10. Rejection of Product by Eco: Eco may reject,
[**], any ethanol or isobutanol that fails to conform to or satisfy the requirements of Section 9. Eco shall provide Agri-Energy written notice as soon as possible of any such rejection of ethanol. 

  

			
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 If any ethanol or isobutanol is properly rejected by Eco (the “Rejected
Product”), Eco will, in its discretion: 
 (a) Offer Agri-Energy a reasonable opportunity to examine and take possession of the
Rejected Product, at Agri-Energy’s cost and expense, if Eco reasonably determines that the condition of the Rejected Product permits such examination and delivery prior to disposal; 

(b) Dispose of the Rejected Product in the manner as directed by Agri-Energy, and at Agri-Energy’s cost and expense, subject to the
requirements of applicable laws, rules and regulations and any third-party rights; or 
 (c) If Eco has no reasonably available means of
disposing of the Rejected Product, and if Agri-Energy fails to direct Eco to dispose of the Rejected Product or directs Eco to dispose of the Rejected Product in a manner inconsistent with applicable laws, rules or regulations or any third-party
rights, then Eco may return the Rejected Product to Agri-Energy, at Agri-Energy’s cost and expense. 
 (d) Eco’s obligation with
respect to any Rejected Product shall be fulfilled upon Agri-Energy taking possession of the Rejected Product, the disposal of the Rejected Product or the return of the Rejected Product to Agri-Energy, as the case may be, in accordance with
subparagraphs (a), (b) or (c) above. 
 (e) Agri-Energy shall reimburse Eco for all reasonable costs and expenses incurred by Eco for
storing, transporting, returning, disposing of or otherwise handling Rejected Product, and Eco shall provide Agri-Energy with reasonable substantiating documentation for all such costs and expenses. Agri-Energy shall also refund any amounts paid by
Eco to Agri-Energy for Rejected Product within ten (10) days of the date of Agri-Energy’s receipt of Eco’s written notice of the rejection. Eco shall have no obligation to pay Agri-Energy for Rejected Product, and after written
approval from Agri-Energy, Eco may deduct from payments otherwise due from Eco to Agri-Energy under this Agreement the amount of any reimbursable costs or any required refund by Agri-Energy as described above. 

(f) Pursuant to Section 11, Agri-Energy certifies the quality of ethanol or isobutanol subject to the terms and conditions set form in
this Agreement prior to transfer of title and risk of loss under Section 7(e). If any ethanol or isobutanol is rejected following the transfer of title and risk of loss to Eco under Section 7(e), title and risk of loss
to the Rejected Product shall revert to Agri-Energy effective upon the rejection of the ethanol or isobutanol, subject to Eco providing appropriate evidence that such product failed to confirm or to satisfy the requirements of
Section 9 prior to transfer of title and risk of loss under Section 7(e). 
 11. Testing and
Samples: If Agri-Energy knows or has reason to believe that any ethanol or isobutanol sold hereunder does not conform to or satisfy the requirements of Section 9 or may be subject to rejection under
Section 10, Agri-Energy shall promptly notify Eco so that such ethanol or isobutanol can be tested before entering the stream of commerce. If Eco knows or has reason to believe that any ethanol or isobutanol does not
conform to or satisfy the requirements of Section 9 or may be subject to rejection under Section 10, then Eco shall have Agri-Energy retest the retention samples at the Plant. If Agri-Energy is
unable or unwilling to test the retention samples as described 

  

			
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above, Eco may obtain independent laboratory tests of such ethanol. If a test is initiated by Eco pursuant to the preceding sentence and the ethanol is tested and found to comply with
Section 9 and to not be subject to rejection, then Eco shall be responsible for the costs of testing such ethanol and/or isobutanol. Agri-Energy shall be responsible for all testing costs in all other circumstances. 

Agri-Energy will take an origin sample of ethanol and/or isobutanol representative of every truck and rail car loaded at the Plant, using sampling methodology
that is consistent with industry standards. Agri-Energy will label the samples to indicate the date of testing and keep records identifying specific units that were loaded from such sample. The samples and identifying records will be retained by
Agri-Energy for sixty (60) days. Testing of sulfate levels shall be done on all ethanol produced at this Plant. 
 Upon written request
of Eco, Agri-Energy shall deliver to Eco a composite analysis of all ethanol and isobutanol produced at the Plant on a monthly basis, and also at such other times and for such production periods as are reasonably requested by Eco from time to time.
The composite analysis shall be in a format reasonably acceptable to Eco and Agri-Energy. 
 12. Other Expenses:
Agri-Energy shall be responsible for paying all sales taxes, fees and charges assessed or imposed by any governmental authority or industry organization with respect to the sale and delivery of ethanol and isobutanol to Eco as contemplated by this
Agreement, including, without limitation, taxes, fees and charges for export, import, ad valorem, value added, assessment, sales, inspection or otherwise. Agri-Energy shall also be responsible for paying any and all local, state and federal tax
liabilities. If any such taxes, fees and charges of Agri-Energy are paid by Eco, Agri-Energy shall promptly reimburse Eco for such fees and charges or Eco shall have a right to offset such taxes, fees and charges against amounts determined to be
owed to Eco by Agri-Energy, pursuant to this Agreement. Eco shall be responsible for any and all taxes or fees directly attributable to it after title transfer. 

13. Duties of Agri-Energy: Agri-Energy agrees as follows:  

(a) Agri-Energy shall cooperate with Eco in the performance of the services to be provided by Eco under this Agreement in a commercially
reasonable manner, including by providing Eco, in a timely manner, any records or information that Eco may reasonably request from time to time as part of Eco’s purchase of ethanol and isobutanol. 

(b) Nothing herein shall be deemed to require Agri-Energy to produce any minimum amount of ethanol or isobutanol and, subject to any Purchase
Orders accepted by Agri-Energy pursuant and subject to Sections 2(b) and 6(c) of this Agreement, Agri-Energy may reduce or eliminate its ethanol or isobutanol production for any reason without such reduction constituting a breach of this Agreement.

 (c) Agri-Energy shall promptly notify and advise Eco of any laws, rules, regulations, court orders, requirements and standards, taxes,
fees or charges of any governmental authority or industry organization (or any changes thereof) which could materially impact the ethanol or isobutanol sold hereunder or the sale or resale thereof, or any other transactions contemplated by this
Agreement. 

  

			
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 (d) Agri-Energy shall perform its duties and obligations under this Agreement in a commercially
reasonable manner and in compliance in all material respects with all governmental laws, rules and regulations that are applicable to Agri-Energy’s duties and obligations under this Agreement. 

(e) Agri-Energy shall advise Eco of any matter regarding any ethanol or isobutanol sold hereunder that raises an issue of compliance of such
ethanol or isobutanol with applicable governmental laws, rules or regulations or industry standards known to Agri-Energy. 
 (f) Agri-Energy
shall use commercially reasonable efforts to obtain and continuously maintain in effect any and all material governmental and other consents, approvals, authorizations, registrations, licenses and permits that are necessary or appropriate for
Agri-Energy to fully and timely perform all of its duties and obligations under this Agreement, including, without limitation, all licenses, permits and other approvals that are necessary or appropriate to market and sell the ethanol and isobutanol
sold hereunder as contemplated herein. 
 (g) All ethanol and isobutanol delivered and sold to Eco by Agri-Energy shall be free and clear of
all liens, restrictions on transferability, reservations, security interests, financing statements, licenses, mortgages, tax liens, charges, contracts of sale, mechanics’ and statutory liens and all other liens, claims, demands, restrictions
and encumbrances whatsoever (collectively, “Encumbrances”). 
 (h) Agri-Energy will establish and maintain at all times true and
accurate books, records, documents, contracts, accounts and electronic data in accordance with generally accepted accounting principles (GAAP) applied consistently from year to year consistent with good industry practices, distinguishable from all
other books and records, in respect of all transactions undertaken by such party pursuant to this Agreement. 
 14. Duties of
Eco: Eco agrees as follows: 
 (a) Eco shall perform its duties and obligations under this Agreement in a commercially
reasonable manner and in compliance in all material respects with all governmental laws, rules and regulations that are applicable to its performance under this Agreement. 

(b) Eco shall be responsible for Eco’s relationship and dealings with all third-party purchasers of ethanol and isobutanol from Eco,
including with respect to and for billing, collections and account servicing and management, and, except as provided in Section 4(a), Eco shall bear all credit and collection risk with respect to Eco’s sales of ethanol
and isobutanol to third parties. 
 (c) Eco shall promptly advise Agri-Energy of any matter regarding any ethanol or isobutanol sold
hereunder that comes to the attention of Eco and that raises an issue of compliance of such ethanol or isobutanol with applicable governmental laws, rules, regulations or industry standards. 

(d) Eco will establish and maintain at all times true and accurate books, records, documents, contracts, accounts and electronic data in
accordance with generally accepted accounting principles (GAAP) applied consistently from year to year consistent with good industry practices, distinguishable from all other books and records, in respect of all transactions undertaken by such party
pursuant to this Agreement. 

  

			
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 (e) Eco shall promptly notify and advise Agri-Energy of any laws, rules, regulations, court
orders, requirements and standards, taxes, fees or charges of any governmental authority or industry organization (or any changes thereof) which could in any way impact the ethanol or isobutanol bought hereunder or the purchase or resale thereof, or
any other transactions contemplated by this Agreement. 
 (f) Eco shall use commercially reasonable efforts to obtain and continuously
maintain in effect any and all governmental and other consents, approvals, authorizations, registrations, licenses and permits that are necessary or appropriate for Eco to fully and timely perform all of its duties and obligations under this
Agreement, including, without limitation, all licenses, permits and other approvals that are necessary or appropriate to market and sell the ethanol and isobutanol sold hereunder as contemplated herein. 

(g) Eco shall endeavor to provide the Isobutanol Specific Services set forth on Exhibit A. 

(h) Eco shall provide Agri-Energy market pricing reports on a daily basis. The aforementioned reports will include, but are not limited to,
OPIS/Platts prices, known spot market transactions, forward market pricing, as well as delivered basis values. 
 (i) Eco shall provide
Agri-Energy from time to time, assistance in regards to Federal and State excise tax administration and compliance, including but not limited to changes in tax laws, rates, filings or registration requirements. 

15. Representations and Warranties of Agri-Energy: Agri-Energy represents and warrants to Eco as follows: 

(a) Agri-Energy is duly organized, validly existing and in good standing under the laws of the state in which Agri-Energy was organized, and
has and shall maintain all requisite power and authority to own or otherwise hold and use its property and carry on its business as now conducted and as to be conducted pursuant to this Agreement. 

(b) This Agreement has been duly authorized, executed and delivered by Agri-Energy, and constitutes the legal, valid and binding obligation of
Agri-Energy, enforceable against Agri-Energy in accordance with its terms. Agri-Energy has and shall maintain all requisite power and authority to enter into and perform this Agreement, and all necessary actions and proceedings of Agri-Energy have
been taken to authorize the execution, delivery and performance of this Agreement. 
 (c) The execution and performance of this Agreement
does not and will not conflict with, breach or otherwise violate any of the terms or provisions of the organizational or governing documents of Agri-Energy or of any agreement, document or instrument to which Agri-Energy is a party or by which
Agri-Energy or any of its assets or properties are bound. 

  

			
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	11

 (d) There is no civil or criminal action or other litigation, action, suit, investigation, claim
or demand pending or, to the knowledge of Agri-Energy, threatened, against Agri-Energy that may have a material adverse effect upon the transactions contemplated by this Agreement or Agri-Energy’s ability to perform its duties and obligations
under, or to otherwise comply with, this Agreement. 
 (e) Agri-Energy shall have good and marketable title to all ethanol to be delivered
hereunder, free and clear of all Encumbrances. 
 (f) Agri-Energy is now in compliance with all applicable federal, state, local and foreign
laws, ordinances, orders, rules and regulations (collectively, “Laws”), other than for such noncompliance with Laws where neither the costs or potential costs of failing to comply, nor the costs or potential costs of causing compliance,
would be material to Agri-Energy or its business or assets. The definition of Laws set forth above includes, without limitation, the Toxic Substances Control Act, the Comprehensive Environmental Response, Compensation and Liability Act, the Clean
Air Act, the Federal Water Pollution Control Act of 1986, the Emergency Planning and Community Right-to-Know Act of 1986, the Occupational Safety and Health Act, the
Resource Conservation and Recovery Act, any state equivalent thereof and all other laws related to the protection of the environment (“Environmental Laws”). 

(g) No representation or warranty in this Agreement, or in any letter, certificate, exhibit, schedule, statement or other document furnished
pursuant to this Agreement, contains any untrue statement of a material fact. 
 (h) As of the date of this Agreement, Agri-Energy has, and
will at all times during the Term continuously maintain in effect, any and all governmental and other consents, approvals, authorizations, registrations, licenses and permits that are necessary or appropriate for Agri-Energy to fully and timely
perform all of its duties and obligations under this Agreement, including, without limitation, all licenses, permits and other approvals that are necessary or appropriate to market and sell the ethanol and isobutanol sold hereunder as contemplated
herein. 
 16. Representations and Warranties of Eco: Eco represents and warrants to Agri-Energy as follows:

 (a) Eco is a corporation duly organized, validly existing and in good standing under the laws of the State of Tennessee, and has and shall
maintain all requisite power and authority to own or otherwise hold and use its property and carry on its business as now conducted and as to be conducted pursuant to this Agreement. 

(b) This Agreement has been duly authorized, executed and delivered by Eco, and constitutes the legal, valid and binding obligation of Eco,
enforceable against Eco in accordance with its terms. Eco has and shall maintain all requisite power and authority to enter into and perform this Agreement, and all necessary actions and proceedings of Eco have been taken to authorize the execution,
delivery and performance of this Agreement. 
 (c) The execution and performance of this Agreement do not and will not conflict with, breach
or otherwise violate any of the terms or provisions of the organizational or governing documents of Eco or of any agreement, document or instrument to which Eco is a party or by which Eco or any of its assets or properties are bound. 

  

			
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	12

 (d) There is no civil or criminal action or other litigation, action, suit, investigation, claim
or demand pending or, to the knowledge of Eco, threatened, against Eco that may have a material adverse effect upon the transactions contemplated by this Agreement or Eco’s ability to perform its duties and obligations under, or to otherwise
comply with, this Agreement. 
 (e) Eco is now in compliance with all applicable federal, state, local and foreign laws, ordinances, orders,
rules and regulations (collectively, “Laws”), other than such noncompliance with Laws where neither the costs or potential costs of failing to comply, nor the costs or potential costs of causing compliance, would be material to Eco or its
business or assets. The definition of Laws set forth above includes, without limitation, the Toxic Substances Control Act, the Comprehensive Environmental Response, Compensation and Liability Act, the Clean Air Act, the Federal Water Pollution
Control Act of 1986, the Emergency Planning and Community Right-to-Know Act of 1986, the Occupational Safety and Health Act, the Resource Conservation and Recovery Act,
any state equivalent thereof and all other laws related to the protection of the environment (“Environmental Laws”). 
 (f) Eco has
not withheld from Agri-Energy any material facts relating to Eco’s ethanol marketing capabilities, and/or relating to the business operations of Eco. Further, no representation or warranty in this Agreement, or in any letter, certificate,
exhibit, schedule, statement or other document furnished pursuant to this Agreement, contains any untrue statement of a material fact. 
 (g)
As of the date of this Agreement, Eco has, and will at all times during the Term continuously maintain in effect, any and all governmental and other consents, approvals, authorizations, registrations, licenses and permits that are necessary or
appropriate for Eco to fully and timely perform all of its duties and obligations under this Agreement, including, without limitation, all licenses, permits and other approvals that are necessary or appropriate to market and sell the ethanol and
isobutanol sold hereunder as contemplated herein. 
 (h) Throughout the Term, Eco will have the technical capability to market the quantity
of ethanol and isobutanol required under this Agreement. 
 17. Eco Limitations: 

(a) Subject to Section 28, Agri-Energy is responsible and liable for all
non-deliveries of ethanol that it is contracted to supply to Eco hereunder. Without limiting the foregoing or Agri-Energy’s obligations and liabilities hereunder, Eco, in conjunction with Agri-Energy,
shall reasonably assist in procuring ethanol from other suppliers to cover any such non-deliveries by Agri-Energy; provided, however, Agri-Energy will reimburse Eco for any losses, costs and expenses incurred
by Eco relating thereto and Agri-Energy shall remain responsible and liable for any additional expense related to any failure to supply ethanol by Agri-Energy to Eco. In the event Eco procures product for Agri-Energy, Eco is obligated to act in good
faith and in the best interests of Agri-Energy, and must keep Agri-Energy informed of such procurement to the greatest extent possible. 

  

			
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	13

 (b) Eco shall reserve the right to refuse to do business with any party who it reasonably deems
to be a credit or performance risk. In such an event, Agri-Energy may elect to sell ethanol or isobutanol to such party directly provided that Agri-Energy has met it minimum volume percentage under Section 1(a) of this Agreement. At
Agri-Energy’s written request, Eco will offer guidance as to why any otherwise desirable counterparty has been deemed a credit risk unsuitable to do business with. 

(c) Upon any termination of this Agreement, both parties will be responsible to take all actions reasonably necessary to complete any valid and
existing Purchase Contracts. 
 18. Confidentiality: 

(a) During the Term and for a period of three (3) years thereafter, the parties agree, to the extent permitted by law, to preserve and
protect the confidentiality and terms of this Agreement, and to not disclose any terms hereof unless required by a court of competent jurisdiction or as agreed to by the other party. Both parties recognize that applicable law may require the filing
of this Agreement with, or the furnishing of information to, governmental authorities or regulatory agencies. Both parties further recognize the need, from time to time, for the submission of this Agreement to affiliates, consultants or contractors
performing work on, or related to, the subject matter of this Agreement. The parties agree to allow the submission of this Agreement to affiliates, consultants and contractors only if such affiliates, consultants and contractors agree to protect the
confidentiality of this Agreement. In the event either party is of the opinion that applicable law requires it to file this Agreement with, or to disclose information related to this Agreement to, any judicial body, governmental authority or
regulatory agency, that party shall so notify the other party in writing promptly upon learning of such requirement and prior to the disclosure or filing of this Agreement and, notwithstanding any other provision of this
Section 18, shall disclose only those portions of this Agreement required by law and shall use its best efforts to maintain the confidentiality of the remainder. 

(b) In the event that Agri-Energy is a reporting company pursuant to the Securities Exchange Act of 1934, as amended (the
“Act”), and Agri-Energy determines that Agri-Energy is required to publicly disclose this Agreement or any of the terms hereof pursuant to Agri-Energy’s obligations under the Act, then Agri-Energy
shall (i) provide prompt written notice of such determination to Eco, (ii) use its best efforts to seek the maximum level of confidential treatment of this Agreement and its terms including, specifically, seeking confidential
treatment of all financial information in this Agreement, and (iii) provide Eco the opportunity to review, comment on and approve (which approval shall not be unreasonably withheld or delayed) all correspondence to and from Agri-Energy and the
Securities Exchange Commission, including requests for confidential treatment. 
 19. Solicitation: During the Term,
both Parties agree not to interfere with, solicit, disrupt or attempt to disrupt any relationships, contractual or otherwise, between either Parties customers, employees or vendors; provided, however that Eco acknowledges and accepts that
Agri-Energy and/or Gevo, Inc. are or are likely to be engaged in discussions with various parties (some of whom may be Eco’s customers) regarding business transactions not related to the blending of ethanol into gasoline and that such
discussions and potential business transactions shall not be deemed to violate this Section 19. 

  

			
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	14

 20. Term and Termination: 

(a) The term of this Agreement shall commence on 00:00 a.m. (CST) on February 19, 2018 and shall continue for [**] (the “Term”).
Upon the expiration of the Term, this Agreement will automatically renew for additional consecutive terms [**] (“Subsequent Term”). Notwithstanding any other provision of this Agreement, this Agreement may be terminated as follows: 

(i) By Agri-Energy in the event of a material breach of any of the terms hereof by Eco, by written notice (by certified mail,
return receipt requested) specifying the breach, which notice shall be effective fifteen (15) days after it is given to Eco unless Eco cures the breach within such 15-day period, except for a breach of
Section 4(a) for which notice shall not be required and Eco shall only have five (5) days to cure. 

(ii) By Eco in the event of a material breach of any of the terms hereof by Agri-Energy, by written notice (by certified mail,
return receipt requested) specifying the breach, which notice shall be effective fifteen (15) days after it is given to Agri-Energy unless Agri-Energy cures the breach within such fifteen (15) day period. 

(iii) By either party hereto, without cause, after [**] from the Execution Date (the “One Year Anniversary”),
provided that the terminating party provides written notice of the termination to the non-terminating party [**] prior to the [**]. 

(iv) By either party hereto, without cause, at any time during the Subsequent Term, provided that the terminating party
provides written notice of the termination to the non-terminating party [**] prior to termination date selected by the terminating party. 

(v) By the mutual consent of both parties on such terms as the parties may agree. 

(vi) By either party upon the occurrence of a Change of Control of the other party. For purposes of this
Section 21(a)(vi), “Change of Control” shall mean (A) the acquisition by any person, not affiliated with the party, of an aggregate of more than fifty percent (50%) of the shares of voting stock of the party
outstanding immediately prior to the acquisition; or (B) any sale or liquidation of all or substantially all of the assets of the party (other than to a wholly-owned subsidiary of the party), or any merger, consolidation or reorganization in
which the party is not the surviving entity or the sole owner of the surviving entity.
 (vii) By either party immediately in
the event that the other party is in a state of bankruptcy. For purposes hereof, a party is in a state of bankruptcy in the event a voluntary or involuntary proceeding is commenced with respect to such party under any applicable bankruptcy laws of
any jurisdiction to which such party is subject, or otherwise, for arrangement, reorganization, dissolution, liquidation, settlement of claims or winding up of affairs and, if involuntary, such proceeding is consented to by such party or remains
undismissed for more than sixty (60) days. 

  

			
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	15

 (viii) By written notice pursuant to the terms of
Section 28. 
 (b) The termination of this Agreement pursuant to the terms hereof shall not act as a waiver or
release of any rights or remedies available at law, in equity or otherwise that may have accrued prior to such termination. 
 21.
Licenses, Bonds, and Insurance: Each party represents that it now has and will maintain in full force and effect during the Term, at its sole cost, all necessary licenses, bonds and insurance, including general commercial insurance, in
accordance with applicable laws and regulations. The commercial general liability insurance policy issued to Agri-Energy shall (i) be with an insurance carrier reasonably acceptable to the other, (ii) name Eco as an additional insured, and
(iii) provide for a minimum of thirty (30) days’ written notice to the Eco prior to any cancellation, termination, nonrenewal, amendment or other change of such insurance policy. Agri-Energy shall provide reasonable proof of such
insurance to Eco upon the reasonable request of Eco from time to time. 
 22. Limitation of Liability: Each
party acknowledges and agrees that the other party does not make any guarantee, express or implied, to the other of profit, or any particular results from the transactions hereunder. In no event shall Eco be responsible for any loss or damages
resulting from a mechanical, operational, accidental, or environmental event of any kind occurring prior to the ethanol or isobutanol being delivered to the trucks. 

23. Disclaimer: Except as otherwise required herein, the parties to this Agreement understand and agree that neither
party makes any warranty to the other respecting legal or regulatory requirements and risks of the transactions contemplated hereby. 

24. Indemnity: 

(a) Agri-Energy shall indemnify, defend and hold Eco (and its respective officers, directors, managers, members, shareholders, agents and
representatives) harmless from claims, demands and causes of action asserted against Eco by any person (including, without limitation, employees of Eco) for personal injury or death, or for loss of or damage to property resulting from the willful
misconduct or negligent acts or omissions of Agri-Energy or any of its officers, directors, managers, employees, agents or representatives. 

(b) Eco shall indemnify, defend and hold Agri-Energy (and its respective officers, directors, managers, members, shareholders, agents and
representatives) harmless from claims, demands and causes of action asserted against Agri-Energy by any person (including, without limitation, employees of Agri-Energy) for personal injury or death, or for loss of or damage to property resulting
from the willful misconduct or negligent acts or omissions of Eco or any of its officers, directors, managers, employees, agents or representatives. 

(c) Where personal injury, death or loss of or damage to property is the result of the joint negligence or misconduct of Agri-Energy and Eco,
the parties expressly agree to indemnify each other in proportion to their respective share of such joint negligence or misconduct. 

  

			
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	16

 25. Nature of Relationship: Each party hereto is an independent contractor
providing or purchasing services or products from the other. No employment relationship, agency, partnership or joint venture is intended, nor shall any such relationship be deemed created hereby. Except as may be specifically set forth in this
Agreement, each party shall be solely and exclusively responsible for its own expenses and costs of performance. 
 26.
Notices: All notices under this Agreement shall be in writing and deemed duly given, if delivered: (a) personally by hand or by a nationally recognized overnight courier service, when delivered at the address specified in this
Section 26; (b) by United States certified or registered first class mail when delivered at the address specified in this Section 26, on the date appearing on the return receipt therefor;
(c) by facsimile transmission, when such facsimile transmission is transmitted to the facsimile transmission number specified in this Section 26; or (d) by electronic mail when such electronic mail is transmitted
to the electronic mail address specified in this Section 26: 
  

			
	Agri-Energy:	  	
	ATTENTION:	  	President, Chief Operating Officer and Chief Technology Officer
		
	ADDRESS:	  	c/o Gevo, Inc.
		  	345 Inverness Drive South, Building C, Suite 310
		  	Englewood, CO 80112
		
	PHONE:	  	303-858-8358 x2427
	FAX:	  	(303) 858-8431
	EMAIL:	  	CRyan@gevo.com
		
	Eco-Energy:	  	Eco-Energy, LLC
	ATTENTION:	  	Executive Officer
	ADDRESS:	  	6100 Tower Circle, Suite 500
		  	Franklin, TN 37067
		
	PHONE:	  	(615) 778-2898
	FAX:	  	(615) 778-2897
	EMAIL:	  	

 27. Compliance with Governmental Controls; No Breach: 

(a) To the extent applicable, the parties agree to comply with all laws, ordinances, rules, codes, regulations and lawful orders of any
government authority applicable to the performance of this Agreement, including, without limitation, safety, health, social security, pension and benefits, wage hour laws, Environmental Laws, and laws regarding unemployment compensation, non-discrimination on the basis of race, religion, color, sex or national origin and affirmative action (collectively, the “Regulations”). 

(b) The parties enter this Agreement in reliance upon the Regulations in effect on the date of the Agreement with respect to or directly or
indirectly affecting the ethanol and isobutanol to be delivered, including without limitation, production, gathering, manufacturing, transportation, sale and delivery thereof insofar as said Regulations affect the parties and their customers. In the
event 

  

			
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	17

 
that at any time subsequent to the date of the Agreement, any of said Regulations are changed or new Regulations are promulgated whether by law, decree, interpretation or regulation, or by
response to the insistence or request of any governmental authority or person purporting to act therefore, and the effect of such changed or new Regulation (i) is or will not be covered by any other provisions of the Agreement, or (ii) has
or will have an adverse economic effect upon the parties to this Agreement or the suppliers or customers of said parties, the parties shall have the option to request renegotiation of the prices and other pertinent terms provided for in the
Agreement and their respective effective dates. Said option may be exercised by either party at any time after such changed or new Regulation is promulgated by giving notice of the exercise of its option to renegotiate prior to the time of delivery
of ethanol or isobutanol or any part thereof. Such notice shall contain proposed new prices and terms requested. If the parties do not agree upon new prices and terms satisfactory to both parties within ten (10) days after such notice is given,
either party shall have the right to terminate the Agreement at the end of said ten (10) day period. 
 28. Force
Majeure: If any term or condition of this Agreement to be performed or observed by Eco or Agri-Energy (other than a payment or indemnification obligation) is rendered impossible of performance or observance due to any force majeure
event or any other act, omission, matter, circumstance, event or occurrence beyond the commercially reasonable control of Eco or Agri-Energy, as the case may be (each, an “Force Majeure Event”), the affected party shall, for so long
as such Force Majeure Event exists, be excused from such performance or observance, provided the affected party (i) promptly notifies the other party of the occurrence of the Force Majeure Event, (ii) takes all such steps as are reasonably
necessary or appropriate to terminate, remedy or otherwise discontinue the effects of the Force Majeure Event, and (iii) recommences performance after the termination or discontinuance of the Force Majeure Event; provided, however, that if
after thirty (30) days from the occurrence of the Force Majeure Event the affected party is still unable to perform its obligations under this Agreement, the other party may, in such party’s sole discretion, terminate this Agreement
effective upon the giving of written notice to the affected party. The term “Force Majeure Event” includes an actual or threatened act or acts of war or terrorism, earthquake, acts of God including persistent weather conditions that
materially affect the Plant’s ability to procure feedstock, receive shipments, ship ethanol or isobutanol, civil disturbance, hostilities, disorders, riots, sabotage, strikes, lockouts and labor disputes; provided, however, that nothing in this
Section 28 is intended or shall be interpreted to require the resolution of labor disputes by acceding to the demands of labor when such course is inadvisable in the discretion of the party subject to such dispute. The term
“Force Majeure Event” does not include (A) events affecting the performance of third-party suppliers of goods or services except to the extent caused by an event that otherwise is a Force Majeure Event; (B) changes to
market conditions that affect the price of ethanol or isobutanol or other outputs of the Plant or corn or other feedstocks of the Plant that are not caused directly by a Force Majeure Event; (C) any obligation of either party to make payments
hereunder; or (D) any event caused solely or primarily by the acts or omissions of the party claiming a Force Majeure Event. 
 29.
General: 
 (a) This Agreement is the entire understanding of the parties concerning the subject matter hereof and supersedes any
and all prior agreements. Additionally, if this Agreement expires and/or is terminated for any reason and there are existing Purchase Contracts that have yet to be completed at the time of such expiration and/or termination these Purchase Contracts
remain legally 

  

			
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	18

 
enforceable between the parties. Any amendment to this Agreement shall only be effective and binding if in writing and executed by the parties hereto. No waiver by any party, whether by conduct
or otherwise, in any one or more instances, shall be deemed or construed as a further or continuing waiver of any such term or condition. 

(b) If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 (c) This Agreement is not intended to,
and does not, create or give rise to any fiduciary duty on the part of any party to any other. 
 (d) This Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 
 (e) All issues, questions and
disputes concerning the validity, interpretation, enforcement, performance or termination of this Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to any other choice of law or
conflict of laws rules or provisions. The Federal District Court for the Southern District of New York shall be the exclusive forum for the adjudication of any disputes arising under the term of this Agreement and each of the parties irrevocably
consents to the personal jurisdiction and subject matter jurisdiction of such courts. 
 (f) This Agreement may be executed in two
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may be executed by facsimile or electronic signature. 

(g) Time is of the essence in the performance by each of Eco and Agri-Energy of their obligations pursuant to this Agreement. 

(h) Except as otherwise stated herein, each of Eco and Agri-Energy shall have all rights and remedies available in law, equity or otherwise in
the event of the breach of failure to perform by the other of any term or condition of this Agreement. 
 (i) The recitals to this Agreement
are an integral part hereof and are incorporated herein by reference. 
 [Reminder of Page Intentionally Left Blank; Signature Page
Follows.] 

  

			
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	19

 IN WITNESS WHEREOF, the parties hereto have executed this Ethanol and Isobutanol Purchase and
Marketing Agreement as of the Execution Date. 
  

			
	Eco-Energy, LLC
		
	By:	 	 /s/ Josh Bailey

	Name: Josh Bailey
	Its: CEO
	
	Agri-Energy, LLC
		
	By:	 	 /s/ Christopher M. Ryan

	Name: Christopher M. Ryan
	Its: President

  
 Ethanol Marketing
Agreement 
 Signature Page 

 EXHIBIT A 

E GRADE DENATURED FUEL ETHANOL SPECIFICATIONS 

E Grade Denatured Fuel Ethanol Specifications 

 

							
	 Specification Points
	  	 Test Method
	  	 Shipments
	  	
Deliveries1/

	Apparent Proof, 60°F	  	Hydrometer	  	Report	  	
	    Or Density, 60°F	  	ASTM D-4052	  	Report	  	
				
	Water, Volume %, Maximum	  	ASTM E-203 or E-1064	  	1.0	  	
				
	Ethanol, Volume %	  	ASTM D-5501	  		  	
	    Minimum	  		  	93.5	  	93.0
	Methanol, Volume %, Maximum	  	ASTM D-5501	  	0.5	  	
				
	Sulfur, ppm (wt/wt), Maximum	  	ASTM D5453	  	10	  	
				
	Solvent Washed Gum,	  	ASTM D-381	  		  	
	mg/100mL	  	Air Jet Method	  		  	
	    Maximum	  		  	5	  	
				
	Potential Sulfate, mass ppm	  	ASTM D7319	  		  	
	    Maximum	  		  	4	  	
				
	Chloride, mg/L	  	ASTM D-512-81	  		  	
	    Maximum	  	Procedure C, Modified per D-4806	  	32	  	
				
	Copper, mg/L	  	ASTM D-1688	  		  	
	    Maximum	  	 Method A,
 Modified per D-4806
	  	0.08	  	
				
	Acidity (as acetic acid), Mass %	  	ASTM D-1613	  		  	
	    Maximum	  		  	0.007	  	
				
	pHe	  	ASTM D-6423	  		  	
	    Minimum	  		  	6.5	  	
	    Maximum	  		  	9.0	  	
			
	 Appearance @ 60°F
 Denaturant Content and
Type2/
	  	Visual Examination	  	 Visibly free of suspended or precipitated

contaminants. Must be clear and bright.

	    Volume %	  		  	2	  	
				
	Corrosion Inhibitor Additive,	  	Minimum treat rate	  	Vendor	  	Additive
	 One of the following is
	  	10 lbs./1000 bbls.	  	Innospec	  	DCI-11 Plus
	 required:
	  	20 lbs/1000 bbls.	  	G. E. Betz	  	Endcor GCC9711
		  	20 lbs./1000 bbls.	  	Petrolite	  	Tolad 3222
		  	20 lbs./1000 bbls.	  	Nalco	  	5403
		  	20 lbs./1000 bbls.	  	Betz	  	ACN 13
		  	20 lbs./1000 bbls.	  	Midcontinental	  	MCC5011E
		  	13 lbs./1000 bbls.	  	Midcontinental	  	MCC5011PHE
		  	13 lbs./1000 bbls.	  	Petrolite	  	Tolad 3224
		  	13 lbs/1000 bbls.	  	US Water Services	  	Corrpro 654
		  	10 lbs/1000 bbls.	  	Nalco	  	5624A
		  	10 lbs/1000 bbls.	  	Nalco	  	5624ATR
		  	13 lbs/1000 bbls.	  	US Water Services	  	Corrpro 656
		  	6 lbs/1000 bbls	  	Ashland	  	Amergy ECI-6
		  	3 lbs/1000 bbls.	  	G.E. Power & Water	  	8Q123ULS
		  	10 lbs/1000 bbls.	  	NALCO	  	EC5624A Plus
		  	6 lbs/1000 bbls	  	US Water Services	  	Corrpro Pro NT

 ISOBUTANOL SPECIFICATIONS 

  
 Exhibit A 

 ISOBUTANOL SPECIFIC SERVICES 

Provide tankage for isobutanol and/or isobutanol blended gasoline. 

Sourcing of petroleum base blendstocks for blending of isobutanol. 

Assistance with gasoline regulations for isobutanol gasoline marketing (e.g. knowledge of gasoline requirements in various geographies). 

Supply chain management and set up for isobutanol splash blending to include rail site selection, availability of gasoline blend stock, metering of blend
components, and documentation of sales. 
 RIN management, including small volume sales directly from rail car. 

Provide working capital for isobutanol blended gasoline. 

  
 Exhibit A 

 EXHIBIT B 
  

					
	

	  		  	 Eco-Energy, LLC

725 Cool Springs Blvd Suite 500 Franklin, TN 37067

 Purchase Deal Contract 

 
  

					
	To:	  	Your Name	  	Contract t No.: XXX13TP00001
		  	1010 Street Name Dr.	  	Negotiated Date: 6/4/2013
		  	Anywhere, USA 12345	  	Contract Term : 7/1/2013 to 9/30/2013
			
		  	Seller Contact	  	Buyer Contact
		  	Your Company Name	  	Eco-Energy, LLC
		  	Your Name	  	John Bowman
		  	Phone: 098-765-4321 Fax: 123-456-7890	  	Phone: 615-656-2142 Fax: 615-807-3814

  
  

Your Name (Seller) agrees to sell and deliver, and Eco-Energy, LLC (Buyer) agrees to purchase and Accept as per the following: 

 

			
	TOTAL CONTRACT QUANTITY:            2,697,000 GALLONS
		
	PRODUCT:	  	Denatured Ethanol with RINs
	PAYMENT TERM:	  	Wednesday following week of shipment
	QUANTITY:	  	To be Shipped                Either Option Plus/Minus 5%
		  	Jul-2013 899,000 gal

 PRICE: From: 07/01/2013 To: 07/31/2013 

The final price shall be the average of Platts’ daily average quoted price for Chicago, IL/Ethanol for the current month less an offset of .0475
USD/gal.This is a volume contract, whereby the above referenced contract volume, to the nearest unit, shall be settled based on the monthly average for the month listed regardless of shipment/delivery timing. PROVISIONAL PRICE: The provisional price
shall be Platts’ daily average quoted price for Chicago, IL/Ethanol for the first day of month close based on ship date less an offset of .0475 USD/gal. 

TITLE TRANSFER:         FOB Anywhere, USA 

DELIVERY MODE:         Railcar 
  

 
 SPECIAL TERMS 

Accepted and Agreed to this day by: 
  

			
	Eco-Energy, LLC	  	Your Name Here
		
	  
 John Bowman
	  	  
 Your Name

	Date:                                     
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		  	Revised: 6/4/2013 13:17:00

  
 Exhibit Bpaseparationagreement-to

 SEPARATION AGREEMENT AND RELEASE OF CLAIMS AGREEMENT made as of October 12, 2017, between GARTNER, INC., a Delaware corporation having an office located at 56 Top Gallant Road, Stamford, Connecticut ("Gartner") and Per Anders Waern (the "Employee"). In consideration of the covenants and promises set forth below, Gartner and the Employee, intending to be bound legally, agree as follows: 1. Separation.  Gartner and the Employee have agreed to sever the employment relationship effective at the close of business on December 15, 2017 the (“Separation Date"). Between October 12, 2017 and the Separation Date Employee shall be available to assist in the transition of his duties and to perform other tasks requested of him. An announcement will be made on October 12, 2017, explaining that Employee will be retiring at the end of December 2017.  2.  Severance. Contingent upon full execution and delivery of this Separation Agreement and Release of Claims, including the Full Release of All Claims attached as Exhibit A (to be signed within 3 days after the Separation Date “the Supplemental Release”) and expiration of the respective Revocation Periods with no revocation having been given, Gartner shall provide the Employee with a severance package consisting of the payments and/or benefits set forth on Schedule 1 attached hereto. At Employee’s request (but subject to modification based on mutual agreement between the Company and Employee), all payments will be made in a lump sum on or before December 31, 2017, and shall be paid net of applicable taxes and withholdings required by law. Employee will also be entitled to any accrued and unused PTO days, as set forth on Schedule 1, which will be paid out in a lump sum prior to December 31, 2017.  In consideration of the payments and benefits to Employee set forth in Schedule 1, Employee agrees to make himself reasonably available to consult with the management of Gartner for transition purposes during 2018.  3. Benefits. Except as specifically set forth in Paragraph 2 above, Gartner and the Employee agree that, commencing on the Separation Date, the Employee will not be eligible to receive or participate in any of the benefits or perquisites offered by Gartner to its employees, including, without limitation, medical welfare benefits, the employee stock purchase plan, bonus plans, profit sharing plans, 401(k) plans, stock options, vacation, disability insurance, life insurance and severance, except as required by applicable law. 4.  Continuing Obligations.  The Employee acknowledges that the severance and/or other benefits contained herein constitute substantial consideration to him or her and that s/he restates his or her commitment to adhere to those obligations to Gartner as are set forth in the Agreement Regarding Certain Conditions of Employment, including, but not limited to the post termination restrictions regarding confidential information, non-competition and non-solicitation.  Such agreements and conditions remain in full force and effect and are not amended in any way by this Agreement.   5.  Non-Disclosure.  The Employee agrees not to disclose the provisions of this Agreement to any person or entity, with the exception of the Employee's counsel, accounting and tax advisors, 

 

       his/her immediate family, or as required by applicable law.  The Employee further agrees to take all reasonable steps necessary to ensure that confidentially is maintained by any of the individuals or entities referenced above to whom disclosure is authorized. 6.  Anti-Disparagement.  The Employee agrees not to make any statement, written or verbal, to any third party that may be harmful to Gartner or injurious to the goodwill, reputation or business standing of Gartner at any time in the future. 7. Release of Claims.  The Employee, on behalf of Employee and his or her heirs, executors, administrators, representatives, successors and assigns, in consideration of the terms and conditions set forth in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is acknowledged, remises, releases and forever discharges Gartner and its parent, subsidiaries, affiliated corporations, successors and assigns and their respective officers, directors, shareholders, employees and agents (collectively, the "Releasee") from any and all claims, damages, actions, causes of action, losses, liabilities, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, judgments, extents, executions, costs and expenses of any nature whatsoever, including, without limitation, court costs and attorneys' fees, whether or not now known, claimed or suspected, fixed or contingent, in law or in equity (collectively, the "Claims") which the Employee now has, has ever had, has ever claimed to have had or may have against Releasee from the beginning of the world to the date of Employee's execution of this Agreement, including: any and all Claims for violation of the common law, including, but not limited to, wrongful discharge of employment, breach of contract - express or implied, negligent or intentional infliction of emotional distress, negligent or intentional misrepresentations, negligence, slander, defamation or self-defamation; any and all Claims for violation of any federal, state, local or municipal rule, regulation or statute, including, but not limited to, alleged violations of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. S621 et seq. (the "ADEA"), National Labor Relations Act, as amended; Title VII of the Civil Rights Act of 1964, as amended; Sections 1981 through 1988 of Title 42 of the United States Code; the Employee Retirement Income Security Act of 1974, as amended; the Immigration Reform Control Act, as amended; the Americans With Disabilities Act of 1990, as amended; the Family and Medical Leave Act of 1993; the Fair Labor Standards Act, as amended; the Occupational Safety and Health Act, as amended; the Consolidated Omnibus Budget Reconciliation Act, as amended; the Connecticut Fair Employment Practices Act, Conn. Gen. Stat. Secs. 46a-60 et seq., and the Connecticut Wage and Hour Law, Conn. Gen. Stat. Secs. 31- 70 et seq. and all applicable anti-discrimination, anti-retaliation, wage and hour and/or other employment laws of any state of the United States; any and all Claims for violation of any public policy having any bearing whatsoever on the terms or conditions of Employee's employment or cessation of employment with Gartner; any and all Claims arising directly or indirectly out of Employee's employment by Gartner; and any and all Claims for attorneys' fees and costs. This Release of Claims does not impair the express obligations of Gartner that are set forth in this Agreement. The Employee covenants and agrees that Employee will not assert any claim or initiate any legal or other action against any Releasee with respect to any matter covered by the foregoing release. Employee acknowledges and agrees that if Employee or any of his/her representatives, heirs, executors or administrators should hereafter make against the Releasees any claim or demand or 

 

       commence or threaten to commence any action, claim or proceeding otherwise prohibited by this Agreement, this Paragraph may be raised as a complete bar to any such action, claim or proceeding and the applicable Releasees may recover from Employee all costs incurred in connection with such action, claim or proceeding, including attorneys’ fees as allowed pursuant to applicable law, if it is determined that any such action, claim or proceedings is prohibited by this Agreement.  This Agreement does not prevent Employee or Employee’s attorney from filing a charge with the Equal Employment Opportunity Commission (“EEOC”) concerning claims of discrimination, nor does it prevent Employee from participating in an EEOC investigation, hearing or proceeding.  This Agreement does not limit Employee’s right to receive an award for information provided to the EEOC in any such investigation, hearing or proceeding.  Employee acknowledges that certain states provide that a general release of claims does not extend to claims which the Employee does not know or suspect to exist in his or her favor at the time of executing the release which, if known by the Employee may have materially affected his or her entering into the release of claims. Being aware that such statutory protection may be available to him or her, Employee expressly, voluntarily and knowingly waives any arguable benefit or protection of any such statute in executing this Release, known or unknown. 8. Revocation Period.  a) The Employee acknowledges that s/he has seven days after execution of this Agreement to revoke it.  b) IF THE EMPLOYEE DESIRES TO REVOKE THIS AGREEMENT AFTER EXECUTION, S/HE MUST NOTIFY GARTNER IN WRITING, WHICH WRITING MUST BE RECEIVED BY ROBIN KRANICH, AT 56 TOP GALLANT ROAD, STAMFORD, CT 06904 ON OR BEFORE 11:59 P.M. ON THE SEVENTH DAY AFTER EXECUTION OF THIS AGREEMENT. IF THE LAST DAY OF THE REVOCATION PERIOD IS A SATURDAY, SUNDAY OR LEGAL HOLIDAY IN CONNECTICUT, THEN THE REVOCATION PERIOD SHALL NOT EXPIRE UNTIL THE NEXT FOLLOWING DAY WHICH IS NOT A SATURDAY, SUNDAY OR LEGAL HOLIDAY.  THIS AGREEMENT SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE, AND THE CONSIDERATION DESCRIBED ABOVE SHALL NOT BE PAYABLE, UNTIL THE REVOCATION PERIOD HAS EXPIRED WITHOUT SUCH REVOCATION HAVING BEEN GIVEN. 9.  Merger and Integration.  Except with respect to the Agreement Regarding Certain Conditions of Employment referenced above, all prior understandings and agreements between the parties are merged into this Agreement, which together with the Agreement Regarding Certain Conditions of Employment, applicable stock option plans and this Separation Agreement and Release of Claims, collectively, express the complete understanding and agreement between the parties.  Any Gartner policies regarding confidentiality of Gartner or client information remain in full force and effect and are not altered in any way by this Agreement. 10.  Headings.  The section headings contained in this Agreement are for convenience of reference only, are not intended to be a part of this Agreement and shall not be construed to define, modify, alter or describe the scope or intent of any of the terms, covenants or conditions of this Agreement. 

 

       11.  Severability.  If any term or provision of this Agreement or the application thereof to any person, entity or circumstance shall to any extent be determined by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement, or the application of such terms or provisions to such person, entity or circumstance other than those that are held invalid or unenforceable, shall not be affected thereby, and each other term and provision shall be valid and enforced to the fullest extent permitted by law.  The parties authorize the court to reduce in scope or modify, if possible, all invalid or unenforceable provisions, so that they become valid or enforceable. 12.  Successors.  This Agreement shall be binding upon, and shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors and assigns. 13.  Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the state of Connecticut, without regard to its conflict of laws principles. 14. Waiver of Rights.  The Employee understands that there are various state, federal and local laws that prohibit employment discrimination on the basis of, among other things, age, sex, race, national origin, religion and disability and that these laws are enforced by various government agencies.  The Employee intends to waive and hereby does waive any right that he may have to bring a claim against Gartner under the Age Discrimination in Employment Act of 1967 as amended, and under any other laws regarding employment discrimination with respect to his/her employment with Gartner. The Employee specifically acknowledges the following: a) the Employee has read this Agreement including the full release of claims and fully understands its terms; b) the Employee is voluntarily entering into this Agreement knowingly of his or her own free will and without undue influence or stress; c) the waiver specifically refers to rights or claims arising under the Age Discrimination in Employment Act of 1967 as amended; d)  the Employee has not waived any rights arising after the date that s/he executes this Agreement; e) the payments and benefits and other considerations provided by this Agreement are in addition to anything of value to which the Employee is already entitled;  f) the Employee has been advised in writing to consult with an attorney prior to executing this Agreement and has had an opportunity to review this Agreement with an attorney;  g) the Employee has been given a period of 21 days to consider this Agreement;  h) the Agreement provides the Employee with a period of 7 days following the execution of this Agreement to revoke the Agreement;  

 

        i) the Agreement will not become effective until the eighth day following execution by the Employee of this Agreement.   If the Employee signs the Agreement prior to the expiration of the period given to Employee within which to consider this Agreement, s/he does so voluntarily and of his/her own free will. 15.  Arbitration.  The parties agree that, to the extent permitted by applicable law, any dispute arising under this Agreement that is not resolved shall be decided by arbitration under the JAMS Employment Arbitration Rules and Procedures, either by JAMS or such other private arbitration service agreed upon by the parties.  Such arbitration shall take place before one arbitrator in Stamford, Connecticut, unless the parties mutually agree upon a different location.  The cost of the arbitration shall be paid by the non-prevailing party, as allowed pursuant to applicable law. 16.  Amounts Owed To Gartner.  Employee acknowledges and agrees that this Separation Agreement and Release of Claims does not operate as a waiver by Gartner of any sums owed by Employee to Gartner, including but not limited to those resulting from duplicative or erroneous payments, commissions paid but not earned (including business takedowns and overdraws), unaccrued PTO days taken, unpaid loan balances, unreturned Company property, or any other reason.  Employee reaffirms his or her obligation to repay any such sums determined to be owed to Gartner and to return any Company property in his or her possession, and acknowledges that Gartner may withhold and offset such sums (including but not limited to the value of any unreturned Company property) from any amounts otherwise payable to Employee under this Agreement. 17. Tax Consequences.   a) The Company makes no representations or warranties with respect to the tax consequences of the payments and any other consideration provided to Employee or made on Employee’s behalf under the terms of this Agreement. Employee agrees and understands that he or she is responsible for payment, if any, of local, state, and/or federal taxes on the payments and any other consideration provided hereunder by the Company and any penalties or assessments thereon.   b) Section 409A. It is intended that this Agreement comply with, or be exempt from, Section 409A of the Internal Revenue Code of 1986, as amended, and the final regulations and official guidance thereunder (“Section 409A”), and any ambiguities herein will be interpreted to so comply and/or be exempt from Section 409A. Each payment and benefit to be paid or provided under this Agreement is intended to constitute a series of separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. Payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption, and any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short- term deferral shall be excluded from Section 409A to the maximum extent possible. The Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A. In no event will any of the Releasees be liable for or 

 

       reimburse Employee for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Employee as a result of Section 409A.  IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.  /s/ Per Anders Waern     Date:   10/12/2017    Name: Per Anders Waern  GARTNER, INC.  _/s/ Jules P. Kaufman__________________  Date:   10/12/2017    By:     __Jules P. Kaufman______________  Title:   EVP, General Counsel & Secretary 

 

         Schedule 1 Severance Package  Name:     Per Anders Waern Separation Date:   December 15, 2017 Weeks of Severance:    52 weeks, at current base salary. Bonus:     $348,708.00, less applicable taxes  Benefits: Subject to (a) Employee’s timely completion and submission of the required documentation to continue his existing group medical coverage under COBRA for Employee and any covered family members, and (b) Employee’s ongoing payment of the premium for such coverage at the active associate rate, Gartner will pay the balance of the premium for a maximum period of 12 months.   Relocation: Gartner will pay, in the final pay period in December 2017, $50,000 (subject to tax withholding) which the Employee may use towards Employee’s relocation to Sweden. Tax preparation assistance: Gartner will pay, in the December 15, 2017 pay period, $30,000 (subject to tax withholding) which the Employee may use towards funding tax preparation. It would be expected that Employee will directly engage a tax preparation provider of his choice. Other tax consideration: Gartner will pay, in the December 15, 2017 pay period, $15,000 (subject to tax withholding). This amount is in consideration of the potential Medicare taxation applied to Employee’s future release of deferred compensation.  Other cash payment consideration: Gartner will pay, in the December 15, 2017 pay period, $70,000 (subject to tax withholding). PTO payable: Gartner will pay, in the December 15, 2017 pay period, 25 days of unused, but accrued PTO equal to a value of $44,706, subject to withholding. 

 

        Vesting of Equity Unvested Stock Appreciation Rights and Performance Stock Units that were otherwise scheduled to vest in the 12 months following the separation date will vest on your Separation Date. All vesting equity is subject to tax withholding. For clarity, Exhibit B reflects a schedule of the number of equity units that are subject to retirement eligibility within the Plan.

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