SECOND AMENDED AND RESTATED OPERATING AGREEMENT OF PRAIRIE CREEK ETHANOL, LLC Dated: Effective May 3, 2007Operating Agreement • May 31st, 2007 • Prairie Creek Ethanol LLC • Industrial organic chemicals • Iowa
THIS SECOND AMENDED AND RESTATED OPERATING AGREEMENT (the “Agreement”) is entered into and shall be effective as of the 3rd day of May, 2007 (the “Effective Date”), by and among PRAIRIE CREEK ETHANOL, LLC, an Iowa limited liability company (the “Company”), each of the Persons who are identified as Members on the attached Exhibit A and who have executed a counterpart of this Agreement and any other Persons as may from time-to-time be subsequently admitted as a Member of the Company in accordance with the terms of this Agreement. Capitalized terms not otherwise defined herein shall have the meaning set forth in Section 1.10.
PRAIRIE CREEK ETHANOL, LLC SUBSCRIPTION AGREEMENT Limited Liability Company Membership Units $5,000 per Unit Minimum Investment of 2 Units ($10,000)Subscription Agreement • May 31st, 2007 • Prairie Creek Ethanol LLC • Industrial organic chemicals
The undersigned subscriber ("Subscriber"), desiring to become a member of Prairie Creek Ethanol, LLC (“Prairie Creek”), an Iowa limited liability company, with its principal place of business at 415 N. Locust Street, PO Box 280, Goldfield, Iowa 50542 hereby subscribes for the purchase of membership units of Prairie Creek, and agrees to pay the related purchase price, identified below.
