Non-Qualified Membership Unit Option Agreement Sample Contracts

FIRST UNITED ETHANOL, LLC. NON-QUALIFIED MEMBERSHIP UNIT OPTION AGREEMENT
Non-Qualified Membership Unit Option Agreement • December 28th, 2007 • First United Ethanol LLC • Industrial organic chemicals • Georgia

MEMBERSHIP UNIT OPTION for a total of Membership Units, representing one percent (1%) of the outstanding Membership Units, measured as of the close of the federally registered offering of Membership Units on Form SB-2, of First United Ethanol, LLC (the “Company”) is by this Membership Unit Option Agreement and Grant Notice (the “Agreement”) hereby granted to Anthony Flagg (the “Optionee”) subject in all respects to the terms and provisions of the First United Ethanol, LLC Membership Unit Option Plan (the “Plan”), dated April 11, 2007, which has been adopted by the Company and is incorporated herein by reference.

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FIRST UNITED ETHANOL, LLC. NON-QUALIFIED MEMBERSHIP UNIT OPTION AGREEMENT
Non-Qualified Membership Unit Option Agreement • April 14th, 2009 • First United Ethanol LLC • Industrial organic chemicals • Georgia

MEMBERSHIP UNIT OPTION for a total of 383 Membership Units, representing one-half of one percent (1/2 of 1%) of the outstanding Membership Units, measured as of the close of the federally registered offering of Membership Units on Form SB-2, of First United Ethanol, LLC (the “Company”) is by this Membership Unit Option Agreement and Grant Notice (the “Agreement”) hereby granted to Murray L. Campbell (the “Optionee”) subject in all respects to the terms and provisions of the First United Ethanol, LLC Membership Unit Option Plan (the “Plan”), dated April 11, 2007, which has been adopted by the Company and is incorporated herein by reference.

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