LOCK-UP AGREEMENT
EXHIBIT 10.12
THIS LOCK-UP AGREEMENT (the “Agreement”) is made and entered into this 6th day of November,
2006 by and between HOMELAND ENERGY SOLUTIONS, LLC (the “Company”), an Iowa limited liability
company, XXXXXXX XXXXXXX (“Xxxxxxx”), XXXXX XXXXXXX (“Xxxxxxx”), XXXXXXX XXXXXXXXX (“X.
Xxxxxxxxx”), XXX XXXXX (“Xxxxx”), XXXXX XXXXX (“Xxxxx”), XXXX XXXXXXX (“Xxxxxxx”), XXXXXX X. CORE
(“Core”) and XXXXX XXXXXXXXX (“X. Xxxxxxxxx”). Eastman, Boeding, B. Retterath, Boyle, Dietz,
Kuhlers, Core and X. Xxxxxxxxx are hereby collectively referred to herein as “Security Holders.”
The Agreement shall be filed with the Company.
(i) at the end of the Restricted Period; or
(ii) on the Divisions’ agreement to the release of the Units in response to a request
by the Company that the Units be released.
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8. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the state of Iowa.
COMPANY:
Homeland Energy Solutions, LLC
By:
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/s/ Xxxxxxx Xxxxxxx | |
Its:
|
President | |
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SECURITY HOLDERS:
/s/ Xxxxxxx Xxxxxxx
|
/s/ Xxxx Xxxxxxx | |
Xxxxxxx Xxxxxxx
|
Xxxx Xxxxxxx | |
/s/ Xxxxx Xxxxxxx
|
/s/ Xxxxxx X. Core | |
Xxxxx Xxxxxxx
|
Xxxxxx X. Core | |
/s/ Xxxxxxx Xxxxxxxxx
|
/s/ Xxxxx Xxxxxxxxx | |
Xxxxxxx Xxxxxxxxx
|
Xxxxx Xxxxxxxxx | |
/s/ Xxx Xxxxx |
||
Xxx Xxxxx |
||
/s/ Xxxxx Xxxxx |
||
Xxxxx Xxxxx |
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SCHEDULE A
Restricted Units
Xxxxxxx Xxxxxxx |
75 Units | |||
Xxxxx Xxxxxxx |
75 Units | |||
Xxxxxxx Xxxxxxxxx |
75 Units | |||
Xxx Xxxxx |
75 Units | |||
Xxxxx Xxxxx |
75 Units | |||
Xxxx Xxxxxxx |
75 Units | |||
Xxxxxx X. Core |
50 Units | |||
Xxxxx Xxxxxxxxx |
400 Units |
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