ADVANCED BIOENERGY, LLC Award Agreement for Unit Appreciation Right With Tandem Nonqualified Unit OptionAward Agreement for Unit Appreciation Right • May 16th, 2011 • Advanced BioEnergy, LLC • Industrial organic chemicals • Minnesota
Advanced BioEnergy, LLC (the “Company”) hereby grants to you, the Grantee named below, a Unit Appreciation Right (the “UAR”) with a tandem option (the “Option”) to acquire Units (ownership interests in the Company as defined in the Company’s Third Amended and Restated Operating Agreement, as it may be amended from time to time (the “LLC Agreement”)). The tandem award of the UAR and the Option is referred to as the “Award,” and covers the number of Units set forth below. The terms and conditions of the Award are set forth in this Agreement, consisting of this cover page and the Award Terms and Conditions on the following pages.
