OPERATING AGREEMENT OF HOMELAND ENERGY SOLUTIONS, LLC Dated: Effective March 9, 2006Operating Agreement • July 21st, 2006 • Homeland Energy Solutions LLC • Iowa
THIS OPERATING AGREEMENT (the “Agreement”) is entered into effective as of the 9th day of March, 2006, by and among Homeland Energy Solutions, LLC, an Iowa limited liability company (the “Company”), each of the Persons identified as Members on attached Exhibit “A,” and any other Persons that may from time-to-time be subsequently admitted as Members of the Company in accordance with the terms of this Agreement. Capitalized terms used but not otherwise defined herein shall have the meaning set forth in Section 1.10.
OPTIONOption • July 21st, 2006 • Homeland Energy Solutions LLC
THIS OPTION TO PURCHASE granted this 13th day of April, 2006, by F.H. Kestel, party of the first part, to Homeland Energy Solutions, LLC an Iowa Limited Liability Company, having its principal place of business at 951 North Linn Avenue, New Hampton, Iowa 50659, party of the second part.
OPTIONHomeland Energy Solutions LLC • July 21st, 2006
THIS OPTION TO PURCHASE granted this 12th day of April, 2006, by Dale Kout, a single person; Leo Kout and Paula Kout, husband and wife; and Bill Kout and Julianne Kout, husband and wife, party of the first part, to Homeland Energy Solutions, LLC an Iowa Limited Liability Company, having its principal place of business at 951 North Linn Avenue, New Hampton, Iowa 50659, party of the second part.
OPTIONHomeland Energy Solutions LLC • July 21st, 2006
THIS OPTION TO PURCHASE granted this 10th day of May, 2006, by Eugene Schmitt, a single person, party of the first part, to Homeland Energy Solutions, LLC an Iowa Limited Liability Company, having its principal place of business at 951 North Linn Avenue, New Hampton, Iowa 50659, party of the second part.
ESCROW AGREEMENTEscrow Agreement • July 21st, 2006 • Homeland Energy Solutions LLC • Iowa
THIS ESCROW AGREEMENT (this “Agreement”) is made this day of , 200___, by and between Homeland Energy Solutions, LLC an Iowa limited liability company (“Homeland Energy”) and as escrow agent (the “Escrow Agent”).
OPTIONOption • July 21st, 2006 • Homeland Energy Solutions LLC
THIS OPTION TO PURCHASE granted this 12th day of April, 2006, by Dale Kout, a single person; Leo Kout and Paula Kout, husband and wife; and Bill Kout and Julianne Kout, husband and wife, party of the first part, to Homeland Energy Solutions, LLC an Iowa Limited Liability Company, having its principal place of business at 951 North Linn Avenue, New Hampton, Iowa 50659, party of the second part.
OPTIONHomeland Energy Solutions LLC • July 21st, 2006
THIS OPTION TO PURCHASE granted this 1 day of April, 2006, by Clair J. Lensing and Mary E. Lensing, husband and wife, party of the first part, to Homeland Energy Solutions, LLC an Iowa Limited Liability Company, having its principal place of business at 951 North Linn Avenue, New Hampton, Iowa 50659, party of the second part.
OPTIONOption • July 21st, 2006 • Homeland Energy Solutions LLC
THIS OPTION TO PURCHASE granted this 5th day of May, 2006, by Richard Vrzak, a single person and Rodney Vrzak, a single person, party of the first part, to Homeland Energy Solutions, LLC an Iowa Limited Liability Company, having its principal place of business at 951 North Linn Avenue, New Hampton, Iowa 50659, party of the second part.
HOMELAND ENERGY SOLUTIONS, LLC SUBSCRIPTION AGREEMENT Limited Liability Company Membership Units $1,000 per Unit Minimum Investment of 25 Units ($25,000) 5 Unit Increments Thereafter ($5,000)Subscription Agreement • July 21st, 2006 • Homeland Energy Solutions LLC
The undersigned subscriber (“Subscriber”), desiring to become a member of Homeland Energy Solutions, LLC (“Homeland Energy”), an Iowa limited liability company, with its principal place of business at 951 North Linn Avenue, New Hampton, Iowa 50659 hereby subscribes for the purchase of membership units of Homeland Energy, and agrees to pay the related purchase price, identified below.
OPTIONOption • July 21st, 2006 • Homeland Energy Solutions LLC
THIS OPTION TO PURCHASE granted this 7th day of April, 2006, by Larry Bodensteiner and Ann S. Bodensteiner, husband and wife, party of the first part, to Homeland Energy Solutions, LLC an Iowa Limited Liability Company, having its principal place of business at 951 North Linn Avenue, New Hampton, Iowa 50659, party of the second part.
OPTIONOption • July 21st, 2006 • Homeland Energy Solutions LLC
THIS OPTION TO PURCHASE granted this 5th day of May , 2006, by John Lynch and Margaret Ann Lynch, husband and wife, party of the first part, to Homeland Energy Solutions, LLC an Iowa Limited Liability Company, having its principal place of business at 951 North Linn Avenue, New Hampton, Iowa 50659, party of the second part.
PROJECT DEVELOPMENT FEE AGREEMENTProject Development Fee Agreement • July 21st, 2006 • Homeland Energy Solutions LLC • Iowa
THIS PROJECT DEVELOPMENT FEE AGREEMENT (“Agreement”) is entered into as of this 28 day of June , 2006 (“Effective Date”), by and between Pat Boyle, an individual (“Boyle”), and Homeland Energy Solutions, LLC (“Company”), an Iowa limited liability Company.
