0001104659-13-062802 Sample Contracts

HERON LAKE BIOENERGY, LLC A Minnesota Limited Liability Company MEMBER CONTROL AGREEMENT (As Amended August 30, 2011) (Contains Restrictions On Transfer Of Interests)
Member Control Agreement • August 12th, 2013 • Granite Falls Energy, LLC • Industrial organic chemicals • Minnesota

THIS MEMBER CONTROL AGREEMENT is hereby adopted and entered into effective as of the Effective Date (as defined below), by the Members (as defined below), pursuant to the provisions of the Act (as defined below), on the terms and conditions set forth herein.

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MANAGEMENT SERVICES AGREEMENT (INDEPENDENT CONTRACTOR AGREEMENT)
Management Services Agreement • August 12th, 2013 • Granite Falls Energy, LLC • Industrial organic chemicals • Minnesota

This MANAGEMENT SERVICES AGREEMENT (“Agreement”) is made and entered into to be effective as of the 31st day of July, 2013, by and between Granite Falls Energy, LLC, a Minnesota Limited Liability Company (“GFE”) and Heron Lake BioEnergy, LLC, a Minnesota Limited Liability Company (“Heron”) and is as follows:

SUBSCRIPTION SUPPLEMENT AGREEMENT
Subscription Supplement Agreement • August 12th, 2013 • Granite Falls Energy, LLC • Industrial organic chemicals • Minnesota

This Subscription Supplement Agreement (this “Agreement”) is made and entered into as of July 31, 2013 (the “Effective Date”), by and among Heron Lake BioEnergy, LLC (the “Company”), Granite Falls Energy, LLC, a Minnesota limited liability company (“GFE”) and Project Viking, L.L.C., a Minnesota limited liability company (“Project Viking”) (each of the Company, GFE and Project Viking, a “Party” to this Agreement, and collectively, the “Parties”).

HERON LAKE BIOENERGY, LLC SUBSCRIPTION AGREEMENT INCLUDING INVESTMENT REPRESENTATIONS
Subscription Agreement • August 12th, 2013 • Granite Falls Energy, LLC • Industrial organic chemicals • Minnesota

THIS SUBSCRIPTION AGREEMENT (this “Subscription Agreement”) is entered into and made effective on July 31, 2013, by and between Heron Lake BioEnergy, LLC, a Minnesota limited liability company with its principal executive office located at 91246 390th Avenue, P.O. Box 198, Heron Lake, Minnesota 56137 (the “Company”), and Project Viking, L.L.C., a Minnesota limited liability company (“Subscriber”).

MEMBERSHIP INTEREST PURCHASE AGREEMENT
Membership Interest Purchase Agreement • August 12th, 2013 • Granite Falls Energy, LLC • Industrial organic chemicals • Minnesota

This MEMBERSHIP INTEREST PURCHASE AGREEMENT (the “Agreement”) is made effective this 31st day of July, 2013, by and between GRANITE FALLS ENERGY, LLC, a Minnesota limited liability company (the “Buyer”) and ROLAND J. FAGEN and DIANE K. FAGEN (the “Sellers”).

JOINT FILING AGREEMENT
Joint Filing Agreement • August 12th, 2013 • Granite Falls Energy, LLC • Industrial organic chemicals

Each of the persons named below agrees to the joint filing of a statement on Schedule 13D (including amendments thereto) with respect to the Class A Units and the Class B Units of Heron Lake BioEnergy, LLC, and further agrees that this Joint Filing Agreement be included as an exhibit to such filing; provided, however, that no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

CREDITOR AND DEBTORS AGREEMENT
Creditor and Debtors Agreement • August 12th, 2013 • Granite Falls Energy, LLC • Industrial organic chemicals • Minnesota

This Creditor and Debtors Agreement (the “Agreement”) is made as of July 31, 2013 (the “Effective Date”) by and among Granite Falls Energy, LLC, a Minnesota limited liability company(“GFE”); Project Viking, L.L.C., a Minnesota limited liability company (“Viking”), Roland “Ron” J. Fagen (“Mr. Fagen”) and Granite Falls Bank (“Lender”).

Assumption Agreement
Assumption Agreement • August 12th, 2013 • Granite Falls Energy, LLC • Industrial organic chemicals • Minnesota

This Assumption Agreement (the “Agreement”) is entered into among Granite Falls Energy, LLC, a Minnesota limited liability company (hereinafter “GFE”), Project Viking, LLC, a Minnesota limited liability company (hereinafter “Viking”), Roland J. Fagen (hereinafter “Mr. Fagen”) and Granite Falls Bank (hereinafter “Lender”).

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